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Capital (Tables) | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
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, 2024:
| Restricted Stock |  | Time-based LTIPs |  | Market-based LTIPs |  | Performance-based LTIPs |  | Weighted Average Grant Fair Value
Unvested balance at December 31, 2023 | 598,289 |  |  | 3,297,550 |  |  | 2,738,812 |  |  | 1,276,363 |  |  | $ | 6.60 |
Vested | (184,914) |  |  | (994,308) |  |  | (422,430) |  |  | — |  |  | 7.53 |
Granted | 259,927 |  |  | 1,321,257 |  |  | 1,010,132 |  |  | 781,401 |  |  | 7.74 |
Forfeited or unearned | (180) |  |  | — |  |  | (228,660) |  |  | — |  |  | 6.98 |
Unvested balance at March 31, 2024 | 673,122 |  |  | 3,624,499 |  |  | 3,097,854 |  |  | 2,057,764 |  |  | $ | 6.84 |
Schedule of Earnings Per Unit | For the three months ended March 31, 2024 and 2023, earnings per unit is computed as follows (amounts in thousands, except per share amounts):
|  |  | Three Months Ended
|  |  |  |  | March 31, 2024 |  | March 31, 2023
Numerator: |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 10,215 |  |  | $ | 11,694 |
Private perpetual preferred unit distributions |  |  |  |  | (1,050) |  |  | (1,050) |
Net (income) loss attributable to non-controlling interests in other partnerships |  |  |  |  | (4) |  |  | 43 |
Net income attributable to common unitholders – basic and diluted |  |  |  |  | $ | 9,161 |  |  | $ | 10,687 |
Denominator: |  |  |  |  |  |  |
Weighted average units outstanding – basic |  |  |  |  | 264,562 |  |  | 264,493 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock-based compensation plans |  |  |  |  | 2,932 |  |  | 704 |
Weighted average units outstanding –- diluted |  |  |  |  | 267,494 |  |  | 265,197 |
Earnings per unit: |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 0.03 |  |  | $ | 0.04 |
Diluted |  |  |  |  | $ | 0.03 |  |  | $ | 0.04 |

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