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Capital (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Purchases of Equity Securities | The following table summarizes our purchases of equity securities for the year ended December 31, 2023 under the previous repurchase program.
Period | Total Number of Shares Purchased |  | Average Price Paid Per Share |  | Total Number of Shares Purchased as Part of Publicly Announced Plan |  | Maximum Approximate Dollar Value Available for Future Purchases
Year ended December 31, 2023 | 2,150,857 |  |  | $ | 6.09 |  |  | 2,150,857 |  |  | $500,000,000 |  | (a)
(a) Represents the new board authorization for the January 1, 2024 - December 31, 2025 period. As of the date of this filing, we have used $0 of such $500 million authorization.
Schedule of Distributions Paid on Operating Partnership Units | The following table summarizes the distributions paid on our operating partnership units for the years ended December 31, 2023, 2022 and 2021:
Record Date |  | Payment Date |  | Amount per Operating Partnership Unit
December 18, 2023 |  | December 29, 2023 |  | $0.035
September 15, 2023 |  | September 29, 2023 |  | $0.035
June 15, 2023 |  | June 30, 2023 |  | $0.035
March 15, 2023 |  | March 31, 2023 |  | $0.035
December 19, 2022 |  | December 31, 2022 |  | $0.035
September 15, 2022 |  | September 30, 2022 |  | $0.035
June 15, 2022 |  | June 30, 2022 |  | $0.035
March 15, 2022 |  | March 31, 2022 |  | $0.035
December 20, 2021 |  | December 31, 2021 |  | $0.035
September 15, 2021 |  | September 30, 2021 |  | $0.035
June 15, 2021 |  | June 30, 2021 |  | $0.035
Schedule of ESRT Restricted Stock and LTIP Unit Activity | The following is a summary of ESRT restricted stock and LTIP unit activity for the year ended December 31, 2023:
| ESRT Restricted Stock |  | Time-based LTIPs |  | Market-based LTIPs |  | Performance-based LTIPs |  | Weighted Average Grant Fair Value
Unvested balance at December 31, 2022 | 359,293 |  |  | 2,713,522 |  |  | 4,070,537 |  |  | 510,989 |  |  | $ | 6.69 |
Vested | (121,128) |  |  | (1,148,987) |  |  | (582,800) |  |  | (2,011) |  |  | 7.17 |
Granted | 370,465 |  |  | 1,733,015 |  |  | 946,398 |  |  | 771,180 |  |  | 5.67 |
Forfeited or unearned | (10,341) |  |  | — |  |  | (1,695,323) |  |  | (3,795) |  |  | 4.30 |
Unvested balance at December 31, 2023 | 598,289 |  |  | 3,297,550 |  |  | 2,738,812 |  |  | 1,276,363 |  |  | $ | 6.60 |
Schedule of Earnings Per Unit | Earnings per unit for the years ended December 31, 2023, 2022 and 2021 is computed as follows (amounts in thousands, except per share amounts):
| For the Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Numerator: |  |  |  |  |
Net income (loss) | $ | 84,407 |  |  | $ | 63,212 |  |  | $ | (13,037) |
Private perpetual preferred unit distributions | (4,201) |  |  | (4,201) |  |  | (4,201) |
Net (income) loss attributable to non-controlling interests in other partnerships | (68) |  |  | 243 |  |  | — |
Earnings allocated to unvested shares | — |  |  | — |  |  | (340) |
Net income (loss) attributable to common unitholders - basic and diluted | $ | 80,138 |  |  | $ | 59,254 |  |  | $ | (17,578) |
Denominator: |  |  |  |  |
Weighted average units outstanding - basic | 263,226 |  |  | 268,337 |  |  | 277,420 |
Effect of dilutive securities: |  |  |  |  |
Stock-based compensation plans | 2,407 |  |  | 1,611 |  |  | — |
Weighted average shares outstanding - diluted | 265,633 |  |  | 269,948 |  |  | 277,420 |
Earnings per unit - basic and diluted | $ | 0.30 |  |  | $ | 0.22 |  |  | $ | (0.06) |

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Section 25 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481138/505-30-25-5 + Details
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