XML 37 R27.htm IDEA: XBRL DOCUMENT v3.23.1
Capital (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2023:
PeriodTotal Number of Shares PurchasedWeighted Average Price Paid per ShareMaximum Approximate Dollar Value Available for Future Purchase (in thousands)
January 202390,054 $6.70 $409,221 
February 2023— $— $409,221 
March 2023843,333 $6.04 $404,130 
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, 2023:
Restricted StockTime-based LTIPsMarket-based LTIPsPerformance-based LTIPsWeighted Average Grant Fair Value
Unvested balance at December 31, 2022359,293 2,713,522 4,070,537 510,989 $6.69 
Vested(106,139)(997,732)(274,402)(1,222)7.78 
Granted370,465 1,455,833 946,398 771,180 5.69 
Forfeited or unearned(1,221)— (1,645,223)(8,337)4.27 
Unvested balance at March 31, 2023622,398 3,171,623 3,097,310 1,272,610 $6.56 
Schedule of Earnings Per Unit Earnings per unit for the three months ended March 31, 2023 and 2022 is computed as follows (amounts in thousands, except per share amounts):
Three Months Ended
March 31, 2023March 31, 2022
Numerator:
Net income (loss)$11,694 $(17,221)
Private perpetual preferred unit distributions(1,050)(1,050)
Net loss attributable to non-controlling interests in other partnerships43 63 
Earnings allocated to unvested units— (89)
Net income (loss) attributable to common unitholders – basic and diluted$10,687 $(18,297)
Denominator:
Weighted average units outstanding – basic264,493 273,759 
Effect of dilutive securities:
  Stock-based compensation plans
704 — 
Weighted average units outstanding –- diluted265,197 273,759 
Earnings per share:
Basic$0.04 $(0.07)
Diluted$0.04 $(0.07)