2014 Q2 Form 10-Q Financial Statement

#000144530514003396 Filed on August 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $155.2M $59.57M
YoY Change 160.48% 3.77%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.560M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $112.6M
YoY Change
Operating Profit $42.54M
YoY Change
Interest Expense $14.63M
YoY Change
% of Operating Profit 34.39%
Other Income/Expense, Net
YoY Change
Pretax Income $27.91M
YoY Change
Income Tax $2.629M
% Of Pretax Income 9.42%
Net Earnings $25.28M $3.071M
YoY Change 723.22% -54.66%
Net Earnings / Revenue 16.29% 5.16%
Basic Earnings Per Share $0.10
Diluted Earnings Per Share $0.10
COMMON SHARES
Basic Shares Outstanding 244.4M shares
Diluted Shares Outstanding 244.4M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $41.79M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $491.5M
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $82.52M
YoY Change -100.0%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.477B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $1.477B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $2.477B
YoY Change

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $25.28M $3.071M
YoY Change 723.22% -54.66%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 esrop Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
81908000 USD
CY2014Q2 esrop Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
74807000 USD
CY2013Q4 esrop Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
38676000 USD
CY2014Q2 esrop Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
43237000 USD
CY2013Q4 esrop Allowancefor Deferred Rent Receivables
AllowanceforDeferredRentReceivables
216000 USD
CY2014Q2 esrop Allowancefor Deferred Rent Receivables
AllowanceforDeferredRentReceivables
262000 USD
esrop Amortizationof Financing Costsand Debt Premium
AmortizationofFinancingCostsandDebtPremium
1171000 USD
esrop Amortizationofbelow Market Ground Lease
AmortizationofbelowMarketGroundLease
852000 USD
esrop Business Acquisition Pro Forma Earnings Per Share Basicand Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicandDiluted
0.13
esrop Business Acquisition Pro Forma Earnings Per Share Basicand Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicandDiluted
0.00
CY2014Q2 esrop Business Acquisition Pro Forma Earnings Per Share Basicand Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicandDiluted
0.09
CY2013Q2 esrop Business Acquisition Pro Forma Earnings Per Share Basicand Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicandDiluted
0.00
esrop Commercial Real Estate Incurredbut Notyet Paid
CommercialRealEstateIncurredbutNotyetPaid
20156000 USD
CY2014Q2 esrop Deferred Costs Gross
DeferredCostsGross
120272000 USD
CY2013Q4 esrop Deferred Costs Gross
DeferredCostsGross
117614000 USD
CY2013Q4 esrop Deferred Revenueand Other Liabilities
DeferredRevenueandOtherLiabilities
21568000 USD
CY2014Q2 esrop Deferred Revenueand Other Liabilities
DeferredRevenueandOtherLiabilities
18722000 USD
esrop Development Costs Investing Activity
DevelopmentCostsInvestingActivity
0 USD
esrop Equity Method Investment Summarized Financial Information Depreciation Depletionand Amortization Nonproduction
EquityMethodInvestmentSummarizedFinancialInformationDepreciationDepletionandAmortizationNonproduction
11664000 USD
esrop Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
3936000 USD
esrop Equity Method Investment Summarized Financial Information Leaseand Rental Expense Overage
EquityMethodInvestmentSummarizedFinancialInformationLeaseandRentalExpenseOverage
14874000 USD
esrop Equity Method Investment Summarized Financial Information Observatory Expense
EquityMethodInvestmentSummarizedFinancialInformationObservatoryExpense
10669000 USD
esrop Equity Method Investment Summarized Financial Information Observatory Revenue
EquityMethodInvestmentSummarizedFinancialInformationObservatoryRevenue
44052000 USD
esrop Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
113689000 USD
esrop Equity Method Investment Summarized Financial Information Operating Leases Income Statement Lease Revenue
EquityMethodInvestmentSummarizedFinancialInformationOperatingLeasesIncomeStatementLeaseRevenue
89415000 USD
esrop Equity Method Investment Summarized Financial Information Operating Leases Rent Expense
EquityMethodInvestmentSummarizedFinancialInformationOperatingLeasesRentExpense
72546000 USD
esrop Increase Decreasein Accounts Payableand Accrued Expenses
IncreaseDecreaseinAccountsPayableandAccruedExpenses
-11073000 USD
esrop Increase Decreasein Deferred Revenueand Other Liabilities
IncreaseDecreaseinDeferredRevenueandOtherLiabilities
-2846000 USD
CY2013Q2 esrop Numberof Additional Investorswho Apposedthe Settlement
NumberofAdditionalInvestorswhoApposedtheSettlement
1 investor
CY2014Q2 esrop Numberof Entitiestobe Treatedas Taxable Reit Subsidiary
NumberofEntitiestobeTreatedasTaxableREITSubsidiary
2 entity
CY2014Q1 esrop Numberof Investorswhohad Fileda Noticeof Appeal
NumberofInvestorswhohadFiledaNoticeofAppeal
1 investor
esrop Observatory Expense
ObservatoryExpense
14101000 USD
CY2014Q2 esrop Observatory Expense
ObservatoryExpense
7120000 USD
esrop Observatory Revenue
ObservatoryRevenue
47690000 USD
CY2014Q2 esrop Observatory Revenue
ObservatoryRevenue
30389000 USD
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0.085
CY2014Q1 esrop Partnership Unit Dividends Per Share Cash Paid
PartnershipUnitDividendsPerShareCashPaid
0.085
CY2014Q2 us-gaap Amortization Of Deferred Leasing Fees
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2400000 USD
us-gaap Amortization Of Deferred Leasing Fees
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4800000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2500000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3500000 USD
CY2014Q2 esrop Revenue Relatedto Amortizationofaboveandbelow Market Leases
RevenueRelatedtoAmortizationofaboveandbelowMarketLeases
2000000 USD
esrop Revenue Relatedto Amortizationofaboveandbelow Market Leases
RevenueRelatedtoAmortizationofaboveandbelowMarketLeases
3900000 USD
esrop Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Volatility Rate Look Back Period
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateLookBackPeriod
P6Y
esrop Sharebased Payment Arrangementby Sharebased Payment Award Equity Otherthan Options Vesting Threshold Ageof Grantee
SharebasedPaymentArrangementbySharebasedPaymentAwardEquityOtherthanOptionsVestingThresholdAgeofGrantee
P60Y
CY2014Q2 esrop Unfunded Capital Expenditures
UnfundedCapitalExpenditures
60800000 USD
CY2014Q2 us-gaap Accounts And Notes Receivable Net
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26185000 USD
CY2013Q4 us-gaap Accounts And Notes Receivable Net
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24817000 USD
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
57657000 USD
CY2014Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
50291000 USD
CY2013Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
11217000 USD
CY2014Q2 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
13943000 USD
CY2013Q2 us-gaap Advertising Expense
AdvertisingExpense
600000 USD
CY2014Q2 us-gaap Advertising Expense
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2400000 USD
us-gaap Advertising Expense
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4700000 USD
us-gaap Advertising Expense
AdvertisingExpense
900000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
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499000 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable
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1082000 USD
us-gaap Amortization Of Above And Below Market Leases
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CY2013Q2 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
2100000 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
4000000 USD
CY2014Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1400000 USD
CY2013Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1900000 USD
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
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CY2014Q2 us-gaap Assets
Assets
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CY2013Q4 us-gaap Assets
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CY2013Q4 us-gaap Below Market Lease Accumulated Amortization
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CY2014Q2 us-gaap Below Market Lease Accumulated Amortization
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CY2013Q4 us-gaap Below Market Lease Gross
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CY2014Q2 us-gaap Below Market Lease Gross
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CY2013Q4 us-gaap Below Market Lease Net
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CY2014Q2 us-gaap Below Market Lease Net
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us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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CY2014Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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CY2013Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
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us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2013Q2 us-gaap Business Acquisitions Pro Forma Revenue
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CY2014Q2 us-gaap Business Acquisitions Pro Forma Revenue
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us-gaap Business Acquisitions Pro Forma Revenue
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us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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CY2014Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
735000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2014Q2 us-gaap Cash Fdic Insured Amount
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CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
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CY2014Q2 us-gaap Construction And Development Costs
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us-gaap Construction And Development Costs
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us-gaap Construction Revenue
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CY2014Q2 us-gaap Construction Revenue
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CY2013Q4 us-gaap Deferred Costs Leasing Gross
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CY2014Q2 us-gaap Deferred Costs Current And Noncurrent
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CY2013Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
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CY2014Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
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CY2014Q2 us-gaap Deferred Costs Leasing Gross
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CY2013Q4 us-gaap Deferred Finance Costs Gross
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CY2014Q2 us-gaap Deferred Finance Costs Gross
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CY2014Q2 us-gaap Deferred Rent Receivables Net
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CY2014Q2 us-gaap Deferred Revenue
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CY2014Q2 us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Depreciation Depletion And Amortization
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CY2013Q4 us-gaap Development In Process
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CY2014Q2 us-gaap Development In Process
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CY2014Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
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CY2013Q4 us-gaap Due To Related Parties Current And Noncurrent
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EarningsPerShareDiluted
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CY2014Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2262000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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19778000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
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CY2012Q4 us-gaap Equity Method Investments
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CY2013Q2 us-gaap Equity Method Investments
EquityMethodInvestments
82515000 USD
CY2014Q2 us-gaap Equity Method Investments
EquityMethodInvestments
0 USD
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CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
227617000 USD
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us-gaap Interest Expense
InterestExpense
28966000 USD
CY2014Q2 us-gaap Interest Expense
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CY2014Q2 us-gaap Goodwill
Goodwill
491479000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
491479000 USD
CY2013Q4 us-gaap Ground Leases Accumulated Amortization
GroundLeasesAccumulatedAmortization
426000 USD
CY2014Q2 us-gaap Ground Leases Accumulated Amortization
GroundLeasesAccumulatedAmortization
1278000 USD
CY2013Q4 us-gaap Ground Leases Gross
GroundLeasesGross
62738000 USD
CY2014Q2 us-gaap Ground Leases Gross
GroundLeasesGross
62738000 USD
CY2013Q4 us-gaap Ground Leases Net
GroundLeasesNet
62312000 USD
CY2014Q2 us-gaap Ground Leases Net
GroundLeasesNet
61460000 USD
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Taxes Paid
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Deferred Leasing Fees
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4221000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4251000 USD
us-gaap Increase Decrease In Restricted Cash
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us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
2195000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Interest Paid
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27758000 USD
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
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CY2014Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
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CY2014Q2 us-gaap Investment Building And Building Improvements
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CY2014Q2 us-gaap Land
Land
187566000 USD
CY2013Q4 us-gaap Land
Land
187566000 USD
CY2014Q2 us-gaap Liabilities
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CY2013Q4 us-gaap Liabilities
Liabilities
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CY2014Q2 us-gaap Liabilities And Stockholders Equity
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2476625000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
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us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
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CY2014Q2 us-gaap Limited Partners Capital Account Units Outstanding
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CY2014Q2 us-gaap Line Of Credit Facility Amount Outstanding
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CY2013Q4 us-gaap Line Of Credit Facility Amount Outstanding
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CY2014Q2 us-gaap Long Term Debt
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CY2013Q4 us-gaap Long Term Debt
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us-gaap Management Fees Revenue
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CY2014Q2 us-gaap Management Fees Revenue
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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41800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2013Q2 us-gaap Number Of Businesses Acquired
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CY2013Q4 us-gaap Number Of Businesses Acquired
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us-gaap Number Of Reportable Segments
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CY2014Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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us-gaap Operating Costs And Expenses
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CY2014Q2 us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2014Q2 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Operating Leases Income Statement Lease Revenue
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CY2014Q2 us-gaap Operating Leases Income Statement Lease Revenue
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92210000 USD
CY2014Q2 us-gaap Other General Expense
OtherGeneralExpense
0 USD
us-gaap Other General Expense
OtherGeneralExpense
0 USD
CY2013Q4 us-gaap Other Liabilities
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18367000 USD
CY2014Q2 us-gaap Other Liabilities
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18367000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
6623000 USD
CY2014Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
4549000 USD
CY2013Q4 us-gaap Partners Capital
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1003185000 USD
CY2014Q2 us-gaap Partners Capital
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us-gaap Partners Capital Account Distributions
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41823000 USD
us-gaap Partners Capital Account Unit Based Compensation
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1970000 USD
us-gaap Payments For Capital Improvements
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50405000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
41823000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
35407000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets
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39658000 USD
us-gaap Proceeds From Contributions From Affiliates
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0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
40000000 USD
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
25281000 USD
us-gaap Profit Loss
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36512000 USD
CY2013Q2 us-gaap Profit Loss
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3071000 USD
us-gaap Profit Loss
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5001000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
295351000 USD
CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
332766000 USD
CY2014Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1702736000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1649423000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
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1369970000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1354072000 USD
us-gaap Real Estate Tax Expense
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36559000 USD
CY2014Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
18186000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7954000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
55621000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
55482000 USD
us-gaap Revenues
Revenues
295474000 USD
CY2014Q2 us-gaap Revenues
Revenues
155168000 USD
CY2013Q2 us-gaap Revenues
Revenues
59569000 USD
us-gaap Revenues
Revenues
121989000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1969000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P10Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
13.21
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.04
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
13.00
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
13.66
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
13.58
CY2013Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
31406000 USD
CY2014Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
34170000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20864000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12189000 USD
us-gaap Straight Line Rent
StraightLineRent
23559000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
29457000 USD
CY2014Q2 us-gaap Tenant Reimbursements
TenantReimbursements
14304000 USD
CY2014Q2 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
245964043 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting Estimates </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in accordance with GAAP requires management to use estimates and assumptions that in certain circumstances affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Significant items subject to such estimates and assumptions include allocation of the purchase price of acquired real estate properties among tangible and intangible assets, determination of the useful life of real estate properties and other long-lived assets, valuation and impairment analysis of commercial real estate properties and other long-lived assets, estimate of percentage of completion on construction contracts, valuation of the allowance for doubtful accounts, and valuation of equity based compensation. These estimates are prepared using management&#8217;s best judgment, after considering past, current, and expected events and economic conditions. Actual results could differ from those estimates. </font></div></div>
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
245941000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
245881000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245899000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245839000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001553079
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Empire State Realty OP, L.P.

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0001445305-14-003396.txt Edgar Link pending
0001445305-14-003396-xbrl.zip Edgar Link pending
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