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Capital (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Equity Securities Repurchased The following table summarizes our purchases of equity securities for the year ended December 31, 2021:
PeriodTotal Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced PlanMaximum Approximate Dollar Value Available for Future Purchase (in thousands)
Year ended December 31, 20214,886,932 $9.56 4,886,932 $453,296 
Schedule of Dividends Declared The following table summarizes the distributions paid on our operating partnership units for the years ended December 31, 2021, 2020 and 2019:
Record DatePayment DateAmount per Operating Partnership Unit
December 20, 2021December 31, 2021$0.035
September 15, 2021September 30, 2021$0.035
June 15, 2021June 30, 2021$0.035
June 19, 2020June 30, 2020$0.105
March 16, 2020March 31, 2020$0.105
December 23, 2019December 31, 2019$0.105
September 16, 2019September 30, 2019$0.105
June 14, 2019June 28, 2019$0.105
March 15, 2019March 29, 2019$0.105
Schedule of Restricted Stock and Long-Term Incentive Plan Activity The following is a summary of ESRT restricted stock and LTIP unit activity for the year ended December 31, 2021:
ESRT Restricted StockLTIP UnitsWeighted Average Grant Fair Value
Unvested balance at December 31, 2020217,700 7,750,284 $6.94 
Vested(72,520)(992,776)11.54 
Granted120,313 2,230,579 8.52 
Forfeited or unearned(51,085)(1,449,361)5.70 
Unvested balance at December 31, 2021214,408 7,538,726 $7.02 
Schedule of Earnings Per Unit, Basic and Diluted Earnings per unit for the years ended December 31, 2021, 2020 and 2019 is computed as follows (amounts in thousands, except per share amounts):
For the Year Ended December 31,
202120202019
Numerator:
Net income (loss)$(13,037)$(22,889)$84,290 
Private perpetual preferred unit distributions(4,201)(4,197)(1,743)
Earnings allocated to unvested shares(340)(985)(885)
Net income (loss) attributable to common unitholders - basic and diluted$(17,578)$(28,071)$81,662 
Denominator:
Weighted average units outstanding - basic277,420 283,826 297,798 
Effect of dilutive securities:
   Stock-based compensation plans— 11 — 
Weighted average shares outstanding - diluted277,420 283,837 297,798 
Earnings per unit - basic and diluted$(0.06)$(0.10)$0.27