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Capital (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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