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Capital (Tables) | 6 Months Ended
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Jun. 30, 2021
Equity [Abstract] |
Summary of ERST Restricted Stock and LTIP Unit Activity | The following is a summary of ESRT restricted stock and LTIP unit activity for the six months ended June 30, 2021:
| Restricted Stock |  | LTIP Units |  | Weighted Average Grant Fair Value
Unvested balance at December 31, 2020 | 217,700 |  |  | 7,750,284 |  |  | $ | 6.94 |
Vested | (70,649) |  |  | (991,380) |  |  | 11.54 |
Granted | 120,313 |  |  | 2,194,877 |  |  | 8.55 |
Forfeited or unearned | (14,540) |  |  | (1,445,621) |  |  | 5.56 |
Unvested balance at June 30, 2021 | 252,824 |  |  | 7,508,160 |  |  | $ | 7.04 |
Earnings Per Unit | Earnings per unit for the three and six months ended June 30, 2021 and 2020 is computed as follows (amounts in thousands, except per share amounts):
| Three Months Ended |  | Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 4,411 |  |  | $ | (19,618) |  |  | $ | 1,220 |  |  | $ | (11,330) |
Private perpetual preferred unit distributions | (1,051) |  |  | (1,047) |  |  | (2,101) |  |  | (2,097) |
Earnings allocated to unvested units | (113) |  |  | (386) |  |  | (113) |  |  | (643) |
Net income (loss) attributable to common unitholders – basic and diluted | $ | 3,247 |  |  | $ | (21,051) |  |  | $ | (994) |  |  | $ | (14,070) |
Denominator: |  |  |  |  |  |  |
Weighted average units outstanding – basic | 277,893 |  |  | 283,384 |  |  | 277,887 |  |  | 288,015 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock-based compensation plans | 543 |  |  | — |  |  | — |  |  | — |
Weighted average units outstanding –- diluted | 278,436 |  |  | 283,384 |  |  | 277,887 |  |  | 288,015 |
Earnings (loss) per share: |  |  |  |  |  |  |
Basic | $ | 0.01 |  |  | $ | (0.07) |  |  | $ | 0.00 |  |  | $ | (0.05) |
Diluted | $ | 0.01 |  |  | $ | (0.07) |  |  | $ | 0.00 |  |  | $ | (0.05) |

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