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Capital (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Schedule of Equity Securities Repurchased
The following table summarizes ESRT's purchases of equity securities in each of the three months ended March 31, 2020 and the month of April 2020:
Period
Total Number of Shares Purchased
 
Average Price Paid per Share
 
Total Number of Shares Purchased as Part of Publicly Announced Plan
 
Maximum Approximate Dollar Value Available for Future Purchase (in thousands)
March 2020
6,570,778

 
$
9.54

 
6,570,778

 
$
437,334

 
 
 
 
 
 
 
 
April 2020
2,345,129

 
$
8.66

 
2,345,129

 
$
417,023
Summary of ERST Restricted Stock and LTIP Unit
The following is a summary of ESRT restricted stock and LTIP unit activity for the three months ended March 31, 2020:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2019
118,918

 
5,986,569

 
$
9.73

Vested
(42,702
)
 
(638,907
)
 
15.54

Granted
158,806

 
5,344,748

 
5.23

Forfeited or unearned
—

 
(841,587
)
 
11.09

Unvested balance at March 31, 2020
235,022

 
9,850,823

 
$
6.76
Earnings Per Unit
Earnings per unit for the three months ended March 31, 2020 and 2019 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended
 
March 31, 2020
 
March 31, 2019
Numerator:
 
 
 
Net income
$
8,288

 
$
9,856

Private perpetual preferred unit distributions
(1,050
)
 
(234
)
Earnings allocated to unvested units
(257
)
 
(153
)
Net income attributable to common unitholders - basic and diluted
$
6,981

 
$
9,469

 
 
 
 
Denominator:
 
 
 
Weighted average units outstanding - basic
292,645

 
298,049

Effect of dilutive securities:
 
 
 
  Stock-based compensation plans

—

 
—

Weighted average units outstanding - diluted
292,645

 
298,049

 
 
 
 
Earnings per share:
 
 
 
Basic
$
0.02

 
$
0.03

Diluted
$
0.02

 
$
0.03