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Capital (Tables) | 6 Months Ended
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Jun. 30, 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 six months ended June 30, 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 | (195,660) |  |  | (1,161,942) |  |  | (459,843) |  |  | — |  |  | 7.45 |
Granted | 259,927 |  |  | 1,485,369 |  |  | 1,010,132 |  |  | 808,874 |  |  | 7.81 |
Forfeited or unearned | (25,076) |  |  | — |  |  | (228,660) |  |  | — |  |  | 7.21 |
Unvested balance at June 30, 2024 | 637,480 |  |  | 3,620,977 |  |  | 3,060,441 |  |  | 2,085,237 |  |  | $ | 6.88 |
Schedule of Earnings Per Unit | For the three and six months ended June 30, 2024 and 2023, earnings per unit is computed as follows (amounts in thousands, except per share amounts):
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
Numerator: |  |  |  |  |  |  |
Net income | $ | 28,555 |  |  | $ | 36,955 |  |  | $ | 38,770 |  |  | $ | 48,649 |
Private perpetual preferred unit distributions | (1,051) |  |  | (1,051) |  |  | (2,101) |  |  | (2,101) |
Net (income) loss attributable to non-controlling interests in other partnerships | — |  |  | (1) |  |  | (4) |  |  | 42 |
Net income attributable to common unitholders – basic and diluted | $ | 27,504 |  |  | $ | 35,903 |  |  | $ | 36,665 |  |  | $ | 46,590 |
Denominator: |  |  |  |  |  |  |
Weighted average units outstanding – basic | 264,676 |  |  | 262,903 |  |  | 264,619 |  |  | 263,694 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock-based compensation plans | 4,040 |  |  | 1,293 |  |  | 3,486 |  |  | 1,042 |
Weighted average units outstanding – diluted | 268,716 |  |  | 264,196 |  |  | 268,105 |  |  | 264,736 |
Earnings per unit: |  |  |  |  |  |  |
Basic | $ | 0.10 |  |  | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | 0.18 |
Diluted | $ | 0.10 |  |  | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | 0.18 |

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