XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Capital - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2022
Apr. 30, 2022
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance   $ 1,662,032 $ 1,662,032 $ 1,731,195 $ 1,684,332 $ 1,731,307
Issuance of private perpetual preferred in exchange for common units     0 0    
Conversion of operating partnership units to ESRT Partner's Capital     0 0 0 0
Contributions from consolidated joint ventures         224  
Repurchases of common units (in shares) (3,252,202) (2,308,026)        
Repurchases of common units     (52,439) 0 (64,440) (3,533)
Equity compensation     5,765 5,304 10,225 10,038
Distributions     (10,758) (10,505) (21,577) (11,555)
Net income (loss)     48,695 4,411 31,474 1,220
Other comprehensive income     12,798 2,803 25,855 5,731
Ending balance $ 1,666,093   $ 1,666,093 $ 1,733,208 $ 1,666,093 $ 1,733,208
General Partner | Series PR Operating Partnership Units            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance (in shares)   169,726,000 169,726,000 172,332,000 170,217,000 171,565,000
Beginning balance   $ 978,421 $ 978,421 $ 1,053,495 $ 998,128 $ 1,055,249
Conversion of operating partnership units to ESRT Partner's Capital (in shares)     565,000 1,074,000 1,138,000 2,140,000
Conversion of operating partnership units to ESRT Partner's Capital     $ 848 $ 4,173 $ 2,345 $ 6,835
Repurchases of common units (in shares)     (6,611,000) 0 (7,866,000) (383,000)
Repurchases of common units     $ (52,439) $ 0 $ (64,440) $ (3,533)
Equity compensation (in shares)     4,000 (6,000) 195,000 78,000
Equity compensation     $ 318 $ 240 $ 257 $ 164
Distributions     (5,802) (6,063) (11,750) (6,063)
Net income (loss)     29,579 2,075 18,290 (546)
Other comprehensive income     $ 6,878 $ 1,739 $ 14,973 $ 3,553
Ending balance (in shares) 163,684,000   163,684,000 173,400,000 163,684,000 173,400,000
Ending balance $ 957,803   $ 957,803 $ 1,055,659 $ 957,803 $ 1,055,659
Limited Partners | Series PR Operating Partnership Units            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance (in shares)   80,998,000 80,998,000 80,656,000 79,820,000 80,355,000
Beginning balance   $ 648,004 $ 648,004 $ 650,254 $ 649,157 $ 648,543
Conversion of operating partnership units to ESRT Partner's Capital (in shares)     (119,000) (521,000) (309,000) (863,000)
Conversion of operating partnership units to ESRT Partner's Capital     $ (944) $ (4,212) $ (2,499) $ (6,958)
Equity compensation (in shares)     194,000 106,000 1,562,000 749,000
Equity compensation     $ 5,447 $ 5,064 $ 9,968 $ 9,874
Distributions     (2,841) (2,262) (5,584) (2,262)
Net income (loss)     12,823 887 7,961 (232)
Other comprehensive income     $ 3,031 $ 742 $ 6,517 $ 1,508
Ending balance (in shares) 81,073,000   81,073,000 80,241,000 81,073,000 80,241,000
Ending balance $ 665,520   $ 665,520 $ 650,473 $ 665,520 $ 650,473
Limited Partners | Series ES Operating Partnership Units Limited Partners            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance (in shares)   22,034,000 22,034,000 23,270,000 22,321,000 23,678,000
Beginning balance   $ (5,206) $ (5,206) $ (1,418) $ (4,058) $ (1,348)
Conversion of operating partnership units to ESRT Partner's Capital (in shares)     (288,000) (347,000) (575,000) (755,000)
Conversion of operating partnership units to ESRT Partner's Capital     $ 56 $ 17 $ 96 $ 55
Distributions     (763) (806) (1,534) (806)
Net income (loss)     3,872 282 2,397 (74)
Other comprehensive income     $ 904 $ 233 $ 1,962 $ 481
Ending balance (in shares) 21,746,000   21,746,000 22,923,000 21,746,000 22,923,000
Ending balance $ (1,137)   $ (1,137) $ (1,692) $ (1,137) $ (1,692)
Limited Partners | Series 60 Operating Partnership Units Limited Partners            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance (in shares)   5,821,000 5,821,000 6,253,000 5,884,000 6,424,000
Beginning balance   $ (1,695) $ (1,695) $ (727) $ (1,395) $ (721)
Conversion of operating partnership units to ESRT Partner's Capital (in shares)     (83,000) (141,000) (146,000) (312,000)
Conversion of operating partnership units to ESRT Partner's Capital     $ 21 $ 15 $ 33 $ 40
Distributions     (201) (215) (405) (215)
Net income (loss)     1,003 79 621 (19)
Other comprehensive income     $ 235 $ 59 $ 509 $ 126
Ending balance (in shares) 5,738,000   5,738,000 6,112,000 5,738,000 6,112,000
Ending balance $ (637)   $ (637) $ (789) $ (637) $ (789)
Limited Partners | Series 250 Operating Partnership Units Limited Partners            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance (in shares)   2,937,000 2,937,000 3,110,000 2,970,000 3,255,000
Beginning balance   $ (845) $ (845) $ (349) $ (692) $ (356)
Conversion of operating partnership units to ESRT Partner's Capital (in shares)     (75,000) (65,000) (108,000) (210,000)
Conversion of operating partnership units to ESRT Partner's Capital     $ 19 $ 7 $ 25 $ 28
Distributions     (100) (108) (203) (108)
Net income (loss)     526 37 326 (10)
Other comprehensive income     $ 123 $ 30 $ 267 $ 63
Ending balance (in shares) 2,862,000   2,862,000 3,045,000 2,862,000 3,045,000
Ending balance $ (277)   $ (277) $ (383) $ (277) $ (383)
Private Perpetual Preferred Units            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance (in shares)   6,224,000 6,224,000 6,224,000 6,224,000 6,224,000
Beginning balance   $ 29,940 $ 29,940 $ 29,940 $ 29,940 $ 29,940
Distributions     (1,051) (1,051) (2,101) (2,101)
Net income (loss)     $ 1,051 $ 1,051 $ 2,101 $ 2,101
Ending balance (in shares) 6,224,000   6,224,000 6,224,000 6,224,000 6,224,000
Ending balance $ 29,940   $ 29,940 $ 29,940 $ 29,940 $ 29,940
Non-controlling Interest in Other Partnerships            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance   $ 13,413 13,413 0 13,252 0
Contributions from consolidated joint ventures         224  
Net income (loss)     (159)   (222)  
Other comprehensive income     1,627   1,627  
Ending balance $ 14,881   $ 14,881 $ 0 $ 14,881 $ 0