XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Capital - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance $ 1,751,216 $ 1,711,612 $ 1,731,045 $ 1,683,091
Conversion of operating partnership units to ESRT Partner's Capital $ 0 0 $ 0 0
Contributions from consolidated joint ventures   75   187
Repurchases of common units (in shares) 0   0  
Repurchases of common units $ 0 0 $ 0 (13,105)
Acquisition of non-controlling interests in other partnerships     (15,297)  
Equity compensation 5,752 4,989 15,589 14,732
Distributions (10,645) (10,534) (31,844) (30,791)
Net income 22,796 19,928 61,566 68,577
Other comprehensive (loss) income (11,798) 7,250 (3,738) 10,629
Ending balance $ 1,757,321 $ 1,733,320 $ 1,757,321 $ 1,733,320
General Partner | Series PR Operating Partnership Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 165,465,000 160,830,000 163,046,000 161,129,000
Beginning balance $ 1,011,279 $ 965,950 $ 985,518 $ 954,375
Conversion of operating partnership units to ESRT partner's capital (in shares) 1,037,000 1,506,000 3,300,000 3,038,000
Conversion of operating partnership units to ESRT Partner's Capital $ 2,944 $ 10,663 $ 12,042 $ 15,682
Repurchases of common units (in shares)       (2,151,000)
Repurchases of common units       $ (13,105)
Acquisition of non-controlling interests in other partnerships     $ 114  
Equity compensation (in shares) (14,000) (2,000) 142,000 318,000
Equity compensation $ 495 $ 449 $ 776 $ 918
Distributions (5,824) (5,683) (17,376) (16,980)
Net income 13,541 11,560 36,273 39,933
Other comprehensive (loss) income $ (7,319) $ 4,144 $ (2,231) $ 6,260
Ending balance (in shares) 166,488,000 162,334,000 166,488,000 162,334,000
Ending balance $ 1,015,116 $ 987,083 $ 1,015,116 $ 987,083
Limited Partners | Series PR Operating Partnership Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 82,238,000 81,611,000 80,189,000 80,475,000
Beginning balance $ 701,933 $ 695,416 $ 694,512 $ 681,827
Conversion of operating partnership units to ESRT partner's capital (in shares) (315,000) (1,244,000) (1,342,000) (1,823,000)
Conversion of operating partnership units to ESRT Partner's Capital $ (2,706) $ (10,616) $ (11,536) $ (15,523)
Equity compensation (in shares) (11,000) 36,000 3,065,000 1,751,000
Equity compensation $ 5,257 $ 4,540 $ 14,813 $ 13,814
Distributions (2,868) (2,814) (8,539) (7,660)
Net income 6,046 5,208 16,238 18,300
Other comprehensive (loss) income $ (3,280) $ 1,893 $ (1,106) $ 2,869
Ending balance (in shares) 81,912,000 80,403,000 81,912,000 80,403,000
Ending balance $ 704,382 $ 693,627 $ 704,382 $ 693,627
Limited Partners | Series ES Operating Partnership Units Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 19,048,000 20,426,000 19,947,000 21,081,000
Beginning balance $ 6,116 $ 3,810 $ 4,427 $ 1,391
Conversion of operating partnership units to ESRT partner's capital (in shares) (509,000) (183,000) (1,408,000) (838,000)
Conversion of operating partnership units to ESRT Partner's Capital $ (177) $ (36) $ (387) $ (131)
Distributions (650) (708) (1,999) (2,150)
Net income 1,529 1,417 4,206 5,098
Other comprehensive (loss) income $ (857) $ 524 $ (286) $ 799
Ending balance (in shares) 18,539,000 20,243,000 18,539,000 20,243,000
Ending balance $ 5,961 $ 5,007 $ 5,961 $ 5,007
Limited Partners | Series 60 Operating Partnership Units Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 4,889,000 5,380,000 5,144,000 5,558,000
Beginning balance $ 1,236 $ 681 $ 779 $ 16
Conversion of operating partnership units to ESRT partner's capital (in shares) (137,000) (55,000) (392,000) (233,000)
Conversion of operating partnership units to ESRT Partner's Capital $ (38) $ (8) $ (80) $ (12)
Distributions (167) (187) (514) (569)
Net income 413 394 1,110 1,372
Other comprehensive (loss) income $ (224) $ 142 $ (75) $ 215
Ending balance (in shares) 4,752,000 5,325,000 4,752,000 5,325,000
Ending balance $ 1,220 $ 1,022 $ 1,220 $ 1,022
Limited Partners | Series 250 Operating Partnership Units Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (in shares) 2,537,000 2,669,000 2,619,000 2,789,000
Beginning balance $ 712 $ 375 $ 462 $ 76
Conversion of operating partnership units to ESRT partner's capital (in shares) (76,000) (24,000) (158,000) (144,000)
Conversion of operating partnership units to ESRT Partner's Capital $ (23) $ (3) $ (39) $ (16)
Distributions (86) (92) (265) (281)
Net income 217 188 584 654
Other comprehensive (loss) income $ (118) $ 67 $ (40) $ 102
Ending balance (in shares) 2,461,000 2,645,000 2,461,000 2,645,000
Ending balance $ 702 $ 535 $ 702 $ 535
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 (1,050) (1,050) (3,151) (3,151)
Net income $ 1,050 $ 1,050 $ 3,151 $ 3,151
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 15,440 15,407 15,466
Contributions from consolidated joint ventures   75   187
Acquisition of non-controlling interests in other partnerships     (15,411)  
Net income   111 4 69
Other comprehensive (loss) income   480 0 384
Ending balance $ 0 $ 16,106 $ 0 $ 16,106