XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Capital - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance $ 1,724,734 $ 1,677,066 $ 1,731,045 $ 1,683,091
Conversion of operating partnership units to ESRT Partner's Capital $ 0 0 $ 0 0
Repurchases of common shares (in shares) 0   0  
Repurchases of common units $ 0 (7,411) $ 0 (13,105)
Acquisition of non-controlling interests in other partnerships     (15,297)  
Contributions from consolidated joint ventures   94   112
Equity compensation 6,388 5,369 9,837 9,743
Distributions (10,647) (10,514) (21,199) (20,257)
Net income (loss) 28,555 36,955 38,770 48,649
Other comprehensive income (loss) 2,186 10,053 8,060 3,379
Ending balance $ 1,751,216 $ 1,711,612 1,751,216 $ 1,711,612
General Partner        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Acquisition of non-controlling interests in other partnerships     $ 114  
General Partner | Series PR Operating Partnership Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 164,798,000 161,329,000 163,046,000 161,129,000
Beginning balance $ 996,122 $ 948,251 $ 985,518 $ 954,375
Conversion of operating partnership units to ESRT Partner's Capital (in shares) 697,000 726,000 2,263,000 1,532,000
Conversion of operating partnership units to ESRT Partner's Capital $ 1,966 $ 2,475 $ 9,098 $ 5,019
Repurchases of common shares (in shares) 0 (1,218,000) 0 (2,151,000)
Repurchases of common units $ 0 $ (7,411) $ 0 $ (13,105)
Equity compensation (in shares) (30,000) (7,000) 156,000 320,000
Equity compensation $ 541 $ 448 $ 281 $ 469
Distributions (5,787) (5,622) (11,552) (11,297)
Net income (loss) 17,071 21,854 22,732 28,373
Other comprehensive income (loss) $ 1,366 $ 5,955 $ 5,088 $ 2,116
Ending balance (in shares) 165,465,000 160,830,000 165,465,000 160,830,000
Ending balance $ 1,011,279 $ 965,950 $ 1,011,279 $ 965,950
Limited Partners | Series PR Operating Partnership Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 82,266,000 81,712,000 80,189,000 80,475,000
Beginning balance $ 692,575 $ 682,972 $ 694,512 $ 681,827
Conversion of operating partnership units to ESRT Partner's Capital (in shares) (220,000) (297,000) (1,027,000) (579,000)
Conversion of operating partnership units to ESRT Partner's Capital $ (1,849) $ (2,474) $ (8,830) $ (4,907)
Equity compensation (in shares) 192,000 196,000 3,076,000 1,715,000
Equity compensation $ 5,847 $ 4,921 $ 9,556 $ 9,274
Distributions (2,878) (2,840) (5,671) (4,846)
Net income (loss) 7,636 10,099 10,192 13,092
Other comprehensive income (loss) $ 602 $ 2,738 $ 2,174 $ 976
Ending balance (in shares) 82,238,000 81,611,000 82,238,000 81,611,000
Ending balance $ 701,933 $ 695,416 $ 701,933 $ 695,416
Limited Partners | Series ES Operating Partnership Units Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 19,387,000 20,684,000 19,947,000 21,081,000
Beginning balance $ 4,722 $ 925 $ 4,427 $ 1,391
Conversion of operating partnership units to ESRT Partner's Capital (in shares) (339,000) (258,000) (899,000) (655,000)
Conversion of operating partnership units to ESRT Partner's Capital $ (89) $ (6) $ (210) $ (95)
Distributions (670) (718) (1,349) (1,442)
Net income (loss) 1,999 2,837 2,677 3,681
Other comprehensive income (loss) $ 154 $ 772 $ 571 $ 275
Ending balance (in shares) 19,048,000 20,426,000 19,048,000 20,426,000
Ending balance $ 6,116 $ 3,810 $ 6,116 $ 3,810
Limited Partners | Series 60 Operating Partnership Units Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 4,991,000 5,503,000 5,144,000 5,558,000
Beginning balance $ 863 $ (94) $ 779 $ 16
Conversion of operating partnership units to ESRT Partner's Capital (in shares) (102,000) (123,000) (255,000) (178,000)
Conversion of operating partnership units to ESRT Partner's Capital $ (20) $ 5 $ (42) $ (4)
Distributions (172) (189) (347) (382)
Net income (loss) 523 754 697 978
Other comprehensive income (loss) $ 42 $ 205 $ 149 $ 73
Ending balance (in shares) 4,889,000 5,380,000 4,889,000 5,380,000
Ending balance $ 1,236 $ 681 $ 1,236 $ 681
Limited Partners | Series 250 Operating Partnership Units Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 2,573,000 2,717,000 2,619,000 2,789,000
Beginning balance $ 512 $ 12 $ 462 $ 76
Conversion of operating partnership units to ESRT Partner's Capital (in shares) (36,000) (48,000) (82,000) (120,000)
Conversion of operating partnership units to ESRT Partner's Capital $ (8) $ 0 $ (16) $ (13)
Distributions (89) (94) (179) (189)
Net income (loss) 275 359 367 466
Other comprehensive income (loss) $ 22 $ 98 $ 78 $ 35
Ending balance (in shares) 2,537,000 2,669,000 2,537,000 2,669,000
Ending balance $ 712 $ 375 $ 712 $ 375
Private Perpetual Preferred Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 6,224,000 6,224,000 6,224,000 6,224,000
Beginning balance $ 29,940 $ 29,940 $ 29,940 $ 29,940
Distributions (1,051) (1,051) (2,101) (2,101)
Net income (loss) $ 1,051 $ 1,051 $ 2,101 $ 2,101
Ending balance (in shares) 6,224,000 6,224,000 6,224,000 6,224,000
Ending balance $ 29,940 $ 29,940 $ 29,940 $ 29,940
Non-controlling Interest in Other Partnerships        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 0 15,060 15,407 15,466
Acquisition of non-controlling interests in other partnerships     (15,411)  
Contributions from consolidated joint ventures   94   112
Net income (loss) 0 1 4 (42)
Other comprehensive income (loss) 0 285 0 (96)
Ending balance $ 0 $ 15,440 $ 0 $ 15,440