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Capital (Tables)

6 Months Ended

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)

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
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