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Capital (Tables)
 6 Months Ended
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 StockTime-based LTIPsMarket-based LTIPsPerformance-based LTIPsWeighted Average Grant Fair Value
Unvested balance at December 31, 2023598,289 3,297,550 2,738,812 1,276,363 $6.60 
Vested(195,660)(1,161,942)(459,843)— 7.45 
Granted259,927 1,485,369 1,010,132 808,874 7.81 
Forfeited or unearned(25,076)— (228,660)— 7.21 
Unvested balance at June 30, 2024637,480 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 EndedSix Months Ended
June 30, 2024June 30, 2023June 30, 2024June 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 – basic264,676 262,903 264,619 263,694 
Effect of dilutive securities:
  Stock-based compensation plans4,040 1,293 3,486 1,042 
Weighted average units outstanding – diluted268,716 264,196 268,105 264,736 
Earnings per unit:
Basic$0.10 $0.14 $0.14 $0.18 
Diluted$0.10 $0.14 $0.14 $0.18