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Capital (Tables)
3 Months Ended
Mar. 31, 2022
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, 2022:
PeriodTotal Number of Shares PurchasedWeighted Average Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced PlanMaximum Approximate Dollar Value Available for Future Purchase (in thousands)
January 2022483,180 $9.52 483,180 $495,399 
February 202250,000 $9.12 50,000 $494,943 
March 2022721,860 $9.62 721,860 $487,999 
Schedule of ERST Restricted Stock and LTIP Unit Activity The following is a summary of ESRT restricted stock and LTIP unit activity for the three months ended March 31, 2022:
Restricted StockTime-based LTIPsMarket-based LTIPsPerformance-based LTIPsWeighted Average Grant Fair Value
Unvested balance at December 31, 2021214,408 2,499,592 5,039,134 — $7.02 
Vested(67,654)(851,335)— — 10.36 
Granted228,592 1,320,792 780,155 578,943 7.21 
Forfeited or unearned(9,830)— (1,311,839)— 7.20 
Unvested balance at March 31, 2022365,516 2,969,049 4,507,450 578,943 $6.69 
Schedule of Earnings Per Unit Earnings per unit for the three months ended March 31, 2022 and 2021 is computed as follows (amounts in thousands, except per share amounts):
Three Months Ended
March 31, 2022March 31, 2021
Numerator:
Net loss$(17,221)$(3,191)
Private perpetual preferred unit distributions(1,050)(1,050)
Net loss attributable to non-controlling interests in other partnerships63 — 
Earnings allocated to unvested units(89)— 
Net loss attributable to common unitholders – basic and diluted$(18,297)$(4,241)
Denominator:
Weighted average units outstanding – basic273,759 277,881 
Effect of dilutive securities:
  Stock-based compensation plans
— — 
Weighted average units outstanding –- diluted273,759 277,881 
Earnings per share:
Basic$(0.07)$(0.02)
Diluted$(0.07)$(0.02)