2014 Q3 Form 10-Q Financial Statement

#000144530514005008 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $169.4M $62.28M
YoY Change 172.07% 4.82%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $10.07M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $126.0M
YoY Change
Operating Profit $43.41M
YoY Change
Interest Expense $17.67M
YoY Change
% of Operating Profit 40.71%
Other Income/Expense, Net
YoY Change
Pretax Income $25.74M
YoY Change
Income Tax $3.004M
% Of Pretax Income 11.67%
Net Earnings $22.49M $2.281M
YoY Change 886.1% -74.7%
Net Earnings / Revenue 13.27% 3.66%
Basic Earnings Per Share $0.09
Diluted Earnings Per Share $0.09
COMMON SHARES
Basic Shares Outstanding 263.0M shares
Diluted Shares Outstanding 263.0M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $52.92M
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 $88.30M
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 $3.302B
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 $1.909B
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 $3.302B
YoY Change

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $22.49M $2.281M
YoY Change 886.1% -74.7%
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 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
81908000 USD
CY2014Q3 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
97413000 USD
CY2013Q4 esrt Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
38676000 USD
CY2014Q3 esrt Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
44164000 USD
CY2013Q4 esrt Allowancefor Deferred Rent Receivables
AllowanceforDeferredRentReceivables
216000 USD
CY2014Q3 esrt Allowancefor Deferred Rent Receivables
AllowanceforDeferredRentReceivables
792000 USD
esrt Amortizationof Financing Costsand Debt Premium
AmortizationofFinancingCostsandDebtPremium
2559000 USD
esrt Amortizationofbelow Market Ground Lease
AmortizationofbelowMarketGroundLease
2602000 USD
esrt Business Acquisition Pro Forma Earnings Per Share Basicand Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicandDiluted
0.22
esrt Business Acquisition Pro Forma Earnings Per Share Basicand Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicandDiluted
0.00
CY2014Q3 esrt Business Acquisition Pro Forma Earnings Per Share Basicand Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicandDiluted
0.09
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5600000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
607654 shares
us-gaap Management Fees Revenue
ManagementFeesRevenue
1925000 USD
CY2013Q3 esrt Business Acquisition Pro Forma Earnings Per Share Basicand Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicandDiluted
0.00
CY2014Q3 esrt Business Combination Consideration Transferred Cashand Equity Interests Issuedand Issuable
BusinessCombinationConsiderationTransferredCashandEquityInterestsIssuedandIssuable
565916000 USD
CY2014Q3 esrt Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Acquired Above Market Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAcquiredAboveMarketLeases
13048000 USD
CY2014Q3 esrt Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Acquired Below Market Ground Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAcquiredBelowMarketGroundLeases
333046000 USD
CY2014Q3 esrt Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Acquired Below Market Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAcquiredBelowMarketLeases
36458000 USD
CY2014Q3 esrt Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Acquiredin Place Lease Valueand Deferred Leasing Costs
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAcquiredinPlaceLeaseValueandDeferredLeasingCosts
88080000 USD
CY2014Q3 esrt Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Buildingsand Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedBuildingsandImprovements
356206000 USD
CY2014Q3 esrt Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Longterm Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLongtermDebt
182851000 USD
CY2014Q3 esrt Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Other Liabilities Netof Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedOtherLiabilitiesNetofOtherAssets
5155000 USD
esrt Commercial Real Estate Incurredbut Notyet Paid
CommercialRealEstateIncurredbutNotyetPaid
36192000 USD
CY2014Q3 esrt Deferred Costs Gross
DeferredCostsGross
124560000 USD
CY2013Q4 esrt Deferred Costs Gross
DeferredCostsGross
117614000 USD
CY2014Q3 esrt Deferred Revenueand Other Liabilities
DeferredRevenueandOtherLiabilities
24728000 USD
CY2013Q4 esrt Deferred Revenueand Other Liabilities
DeferredRevenueandOtherLiabilities
21568000 USD
esrt Development Costs Investing Activity
DevelopmentCostsInvestingActivity
-512000 USD
esrt Equity Method Investment Summarized Financial Information Depreciation Depletionand Amortization Nonproduction
EquityMethodInvestmentSummarizedFinancialInformationDepreciationDepletionandAmortizationNonproduction
17574000 USD
esrt Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
5960000 USD
esrt Equity Method Investment Summarized Financial Information Leaseand Rental Expense Overage
EquityMethodInvestmentSummarizedFinancialInformationLeaseandRentalExpenseOverage
11000000 USD
esrt Equity Method Investment Summarized Financial Information Observatory Expense
EquityMethodInvestmentSummarizedFinancialInformationObservatoryExpense
17150000 USD
esrt Equity Method Investment Summarized Financial Information Observatory Revenue
EquityMethodInvestmentSummarizedFinancialInformationObservatoryRevenue
76680000 USD
esrt Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
164395000 USD
esrt Equity Method Investment Summarized Financial Information Operating Leases Income Statement Lease Revenue
EquityMethodInvestmentSummarizedFinancialInformationOperatingLeasesIncomeStatementLeaseRevenue
139646000 USD
esrt Equity Method Investment Summarized Financial Information Operating Leases Rent Expense
EquityMethodInvestmentSummarizedFinancialInformationOperatingLeasesRentExpense
112711000 USD
esrt Ground Rent Expense
GroundRentExpense
2964000 USD
CY2014Q3 esrt Ground Rent Expense
GroundRentExpense
2066000 USD
esrt Increase Decreasein Accounts Payableand Accrued Expenses
IncreaseDecreaseinAccountsPayableandAccruedExpenses
-12973000 USD
esrt Increase Decreasein Deferred Revenueand Other Liabilities
IncreaseDecreaseinDeferredRevenueandOtherLiabilities
3094000 USD
esrt Net Income Attributableto Common Stockholders Basicand Diluted
NetIncomeAttributabletoCommonStockholdersBasicandDiluted
58631000 USD
CY2014Q3 esrt Net Income Attributableto Common Stockholders Basicand Diluted
NetIncomeAttributabletoCommonStockholdersBasicandDiluted
22366000 USD
esrt Noncashor Part Noncash Acquisition Working Capital Netof Cash
NoncashorPartNoncashAcquisitionWorkingCapitalNetofCash
-5155000 USD
CY2013Q2 esrt Numberof Additional Investorswho Apposedthe Settlement
NumberofAdditionalInvestorswhoApposedtheSettlement
1 investor
CY2014Q3 esrt Numberof Entitiestobe Treatedas Taxable Reit Subsidiary
NumberofEntitiestobeTreatedasTaxableREITSubsidiary
2 entity
CY2014Q1 esrt Numberof Investorswhohad Fileda Noticeof Appeal
NumberofInvestorswhohadFiledaNoticeofAppeal
1 investor
CY2014Q3 esrt Observatory Expense
ObservatoryExpense
7109000 USD
esrt Observatory Expense
ObservatoryExpense
21210000 USD
esrt Observatory Revenue
ObservatoryRevenue
83374000 USD
CY2014Q3 esrt Observatory Revenue
ObservatoryRevenue
35684000 USD
CY2014Q3 esrt Partnership Unit Dividends Per Share Cash Paid
PartnershipUnitDividendsPerShareCashPaid
0.085
CY2014Q1 esrt Partnership Unit Dividends Per Share Cash Paid
PartnershipUnitDividendsPerShareCashPaid
0.085
CY2014Q3 esrt Private Perpetual Preferred Units Issued Value
PrivatePerpetualPreferredUnitsIssuedValue
8261000 USD
CY2014Q3 esrt Private Perpetual Preferred Units Liquidation Preference Per Share
PrivatePerpetualPreferredUnitsLiquidationPreferencePerShare
16.62
CY2014Q3 esrt Revenue Relatedto Amortizationofaboveandbelow Market Leases
RevenueRelatedtoAmortizationofaboveandbelowMarketLeases
4600000 USD
esrt Revenue Relatedto Amortizationofaboveandbelow Market Leases
RevenueRelatedtoAmortizationofaboveandbelowMarketLeases
8500000 USD
CY2014Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
29837000 USD
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
57657000 USD
CY2014Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
68676000 USD
esrt Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Volatility Rate Look Back Period
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateLookBackPeriod
P6Y
esrt Sharebased Payment Arrangementby Sharebased Payment Award Equity Otherthan Options Vesting Threshold Ageof Grantee
SharebasedPaymentArrangementbySharebasedPaymentAwardEquityOtherthanOptionsVestingThresholdAgeofGrantee
P60Y
esrt Undistributed Earnings Loss Allocatedto Participating Securities Basic
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesBasic
374000 USD
CY2014Q3 esrt Undistributed Earnings Loss Allocatedto Participating Securities Basic
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesBasic
127000 USD
CY2014Q3 esrt Unfunded Capital Expenditures
UnfundedCapitalExpenditures
63800000 USD
CY2013Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
24817000 USD
CY2013Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
11217000 USD
CY2014Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
12477000 USD
us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
13204000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
499000 USD
CY2014Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2555000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-8480000 USD
CY2014Q3 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
2200000 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
7000000 USD
CY2013Q3 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
2400000 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
6400000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5100000 USD
CY2014Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2700000 USD
CY2013Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2000000 USD
CY2013Q4 us-gaap Assets
Assets
2476061000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3382000 USD
CY2014Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
674642 shares
CY2014Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
10000000 sqft
CY2014Q3 us-gaap Assets
Assets
3302016000 USD
CY2013Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
4769000 USD
CY2014Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
22471000 USD
CY2013Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
134651000 USD
CY2014Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
170964000 USD
CY2013Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
129882000 USD
CY2014Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
148493000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
59215000 USD
CY2014Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
24915000 USD
CY2013Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-1082000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
901000 USD
CY2013Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
82322000 USD
CY2014Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
173036000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
508507000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
245724000 USD
CY2014Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2647000 USD
CY2014Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
733600000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
379328000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
0 USD
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
182851000 USD
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
0 USD
CY2014Q3 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
167684000 USD
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-197000 USD
CY2014Q3 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-197000 USD
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
16978000 USD
CY2014Q3 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
16978000 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
565916000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60743000 USD
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52918000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-7825000 USD
CY2014Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
CY2014Q3 us-gaap Construction And Development Costs
ConstructionAndDevelopmentCosts
6095000 USD
us-gaap Construction And Development Costs
ConstructionAndDevelopmentCosts
33173000 USD
CY2014Q3 us-gaap Construction Revenue
ConstructionRevenue
5804000 USD
us-gaap Construction Revenue
ConstructionRevenue
33730000 USD
CY2014Q3 us-gaap Convertible Debt
ConvertibleDebt
236999000 USD
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.255
CY2013Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
78938000 USD
CY2014Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
80396000 USD
CY2013Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
27459000 USD
CY2014Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
31687000 USD
CY2014Q3 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
97971000 USD
CY2013Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
90198000 USD
CY2013Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
27416000 USD
CY2014Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
26589000 USD
CY2014Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
94837000 USD
CY2013Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
62689000 USD
CY2014Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
37880000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
96632000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
96632000 USD
CY2013Q4 us-gaap Development In Process
DevelopmentInProcess
6459000 USD
CY2014Q3 us-gaap Development In Process
DevelopmentInProcess
6971000 USD
CY2014Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
5315000 USD
CY2013Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1810000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.23
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3391000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
51931000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
216326000 USD
CY2014Q3 us-gaap Equity Method Investments
EquityMethodInvestments
0 USD
CY2012Q4 us-gaap Equity Method Investments
EquityMethodInvestments
76879000 USD
CY2013Q3 us-gaap Equity Method Investments
EquityMethodInvestments
88304000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
249983000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
312001000 USD
CY2014Q3 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
98267542 shares
CY2014Q3 us-gaap Goodwill
Goodwill
491479000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
491479000 USD
CY2013Q4 us-gaap Ground Leases Accumulated Amortization
GroundLeasesAccumulatedAmortization
426000 USD
CY2014Q3 us-gaap Ground Leases Accumulated Amortization
GroundLeasesAccumulatedAmortization
3028000 USD
CY2013Q4 us-gaap Ground Leases Gross
GroundLeasesGross
62738000 USD
CY2014Q3 us-gaap Ground Leases Gross
GroundLeasesGross
395784000 USD
CY2014Q3 us-gaap Ground Leases Net
GroundLeasesNet
392756000 USD
CY2013Q4 us-gaap Ground Leases Net
GroundLeasesNet
62312000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25738000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
63399000 USD
CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14816000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3004000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4153000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2669000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2475000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
9049000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4361000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-5162000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
4689000 USD
us-gaap Interest Expense
InterestExpense
46640000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
17674000 USD
us-gaap Interest Paid
InterestPaid
42226000 USD
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
4074000 USD
CY2014Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5055000 USD
CY2014Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1899467000 USD
CY2013Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1455398000 USD
CY2014Q3 us-gaap Land
Land
201172000 USD
CY2013Q4 us-gaap Land
Land
187566000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
1908913000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
1472876000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2476061000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3302016000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.368
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
0.632
CY2014Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
168862138 shares
CY2013Q4 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
325000000 USD
CY2014Q3 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
355600000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
883112000 USD
CY2014Q3 us-gaap Long Term Debt
LongTermDebt
1005569000 USD
CY2014Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
561000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
64500000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
155162000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-264621000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101634000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2281000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
59005000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22493000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7282000 USD
CY2013Q3 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 entity
CY2013Q4 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 entity
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
109300000 USD
CY2014Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
38291000 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
126029000 USD
us-gaap Operating Expenses
OperatingExpenses
354876000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
110039000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
43412000 USD
CY2014Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
106152000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
288566000 USD
us-gaap Other General Expense
OtherGeneralExpense
0 USD
CY2014Q3 us-gaap Other General Expense
OtherGeneralExpense
0 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
18367000 USD
CY2014Q3 us-gaap Other Liabilities
OtherLiabilities
18367000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
7829000 USD
CY2014Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1206000 USD
CY2013Q4 us-gaap Partners Capital
PartnersCapital
1003185000 USD
CY2014Q3 us-gaap Partners Capital
PartnersCapital
1393103000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
64768000 USD
us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
2908000 USD
CY2014Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2107610000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
82683000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
64768000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3192000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
186588000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
241000 USD
CY2014Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
241000 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
31091000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
35407000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
250000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
295600000 USD
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
us-gaap Profit Loss
ProfitLoss
59246000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
22734000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
2281000 USD
us-gaap Profit Loss
ProfitLoss
7282000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
295351000 USD
CY2014Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
354730000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1649423000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1354072000 USD
CY2014Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1752880000 USD
CY2014Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
21870000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
58429000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
265000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
57478000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
55621000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
63821000 USD
CY2014Q3 us-gaap Revenues
Revenues
169441000 USD
us-gaap Revenues
Revenues
464915000 USD
CY2013Q3 us-gaap Revenues
Revenues
62278000 USD
us-gaap Revenues
Revenues
184267000 USD
CY2014Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
40111000 USD
CY2013Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
31406000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10071000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29786000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2908000 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
13.14
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
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
13.67
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
13.40
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
379328000 USD
us-gaap Straight Line Rent
StraightLineRent
32102000 USD
CY2014Q3 us-gaap Tenant Reimbursements
TenantReimbursements
20034000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
49491000 USD
CY2014Q3 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
267129680 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 senior unsecured notes and 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>
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
263041000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
250696000 shares
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
263041000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
250696000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
250696000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
263041000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
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.

Files In Submission

Name View Source Status
0001445305-14-005008-index-headers.html Edgar Link pending
0001445305-14-005008-index.html Edgar Link pending
0001445305-14-005008.txt Edgar Link pending
0001445305-14-005008-xbrl.zip Edgar Link pending
esrop9-30x1410xq.htm Edgar Link pending
esrt-20140930.xml Edgar Link completed
esrt-20140930.xsd Edgar Link pending
esrt-20140930_cal.xml Edgar Link unprocessable
esrt-20140930_def.xml Edgar Link unprocessable
esrt-20140930_lab.xml Edgar Link unprocessable
esrt-20140930_pre.xml Edgar Link unprocessable
exhibit104.htm Edgar Link pending
exhibit311esrop930-14.htm Edgar Link pending
exhibit312esrop9-30x14.htm Edgar Link pending
exhibit321esrop9-30x14.htm Edgar Link pending
exhibit322esrop9-30x14.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending