2024 Q3 Form 10-Q Financial Statement

#000155307924000015 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $199.6M $191.5M
YoY Change 4.22% 4.25%
Cost Of Revenue $86.63M
YoY Change 1.35%
Gross Profit $104.9M
YoY Change 6.78%
Gross Profit Margin 54.77%
Selling, General & Admin $16.01M
YoY Change 1.83%
% of Gross Profit 15.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.82M
YoY Change -1.35%
% of Gross Profit 38.92%
Operating Expenses $154.3M $149.3M
YoY Change 3.34% 0.73%
Operating Profit $45.35M $42.26M
YoY Change 7.31% 18.94%
Interest Expense $27.41M $25.38M
YoY Change 7.98% -0.53%
% of Operating Profit 60.44% 60.07%
Other Income/Expense, Net
YoY Change
Pretax Income $24.24M $21.34M
YoY Change 13.6% 84.34%
Income Tax $1.442M $1.409M
% Of Pretax Income 5.95% 6.6%
Net Earnings $22.80M $19.93M
YoY Change 14.39% 96.96%
Net Earnings / Revenue 11.42% 10.4%
Basic Earnings Per Share $0.08 $0.07
Diluted Earnings Per Share $0.08 $0.07
COMMON SHARES
Basic Shares Outstanding 264.8M shares 262.8M shares
Diluted Shares Outstanding 269.6M shares 266.1M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $354.0M
YoY Change -8.59%
Cash & Equivalents $421.9M $354.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $37.65M
Other Receivables $254.2M
Total Short-Term Assets $645.9M
YoY Change -1.77%
LONG-TERM ASSETS
Property, Plant & Equipment $2.431B
YoY Change 0.99%
Goodwill $491.5M $491.5M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $325.4M
YoY Change 3.56%
Total Long-Term Assets $3.571B
YoY Change 0.76%
TOTAL ASSETS
Total Short-Term Assets $645.9M
Total Long-Term Assets $3.571B
Total Assets $4.437B $4.217B
YoY Change 5.23% 0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.25M
YoY Change -0.29%
Accrued Expenses $75.55M
YoY Change -13.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $111.8M
YoY Change -9.23%
LONG-TERM LIABILITIES
Long-Term Debt $2.242B
YoY Change -1.57%
Other Long-Term Liabilities $129.7M
YoY Change 2.37%
Total Long-Term Liabilities $2.371B
YoY Change -1.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $111.8M
Total Long-Term Liabilities $2.371B
Total Liabilities $2.680B $2.483B
YoY Change 7.91% -1.74%
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 $730.1M
YoY Change
Total Liabilities & Shareholders Equity $4.437B $4.217B
YoY Change 5.23% 0.37%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $22.80M $19.93M
YoY Change 14.39% 96.96%
Depreciation, Depletion And Amortization $40.82M
YoY Change -1.35%
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

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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
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CY2023Q3 us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q3 esrt Net Income Loss Attributable To Noncontrolling Interests And Private Perpetual Preferred Unitholders
NetIncomeLossAttributableToNoncontrollingInterestsAndPrivatePerpetualPreferredUnitholders
0 usd
CY2023Q3 esrt Net Income Loss Attributable To Noncontrolling Interests And Private Perpetual Preferred Unitholders
NetIncomeLossAttributableToNoncontrollingInterestsAndPrivatePerpetualPreferredUnitholders
111000 usd
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NetIncomeLossAttributableToNoncontrollingInterestsAndPrivatePerpetualPreferredUnitholders
4000 usd
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NetIncomeLossAttributableToNoncontrollingInterestsAndPrivatePerpetualPreferredUnitholders
69000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
480000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
384000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10998000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26587000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
57824000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
78753000 usd
CY2024Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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1751216000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Conversion Of Units
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CY2024Q3 us-gaap Stock Repurchased During Period Value
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CY2024Q3 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
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CY2024Q3 us-gaap Partners Capital Account Distributions
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CY2024Q3 us-gaap Profit Loss
ProfitLoss
22796000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023Q3 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
75000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Value
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CY2023Q3 us-gaap Partners Capital Account Unit Based Compensation
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4989000 usd
CY2023Q3 us-gaap Partners Capital Account Distributions
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CY2023Q3 us-gaap Profit Loss
ProfitLoss
19928000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7250000 usd
CY2023Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1733320000 usd
CY2023Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1731045000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
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us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
15297000 usd
us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
15589000 usd
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
31844000 usd
us-gaap Profit Loss
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61566000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1757321000 usd
CY2022Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1683091000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
187000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
14732000 usd
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
30791000 usd
us-gaap Profit Loss
ProfitLoss
68577000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10629000 usd
CY2023Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1733320000 usd
us-gaap Profit Loss
ProfitLoss
61566000 usd
us-gaap Profit Loss
ProfitLoss
68577000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
139453000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
140312000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
12065000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
29261000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6505000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6804000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1503000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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AmortizationOfBelowMarketGroundLease
5874000 usd
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AmortizationOfBelowMarketGroundLease
5873000 usd
us-gaap Straight Line Rent
StraightLineRent
7238000 usd
us-gaap Straight Line Rent
StraightLineRent
17430000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
15589000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14732000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-553000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
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us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
14293000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4243000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13459000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
18729000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
11838000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6480000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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IncreaseDecreaseInAccountsPayableAndAccruedExpenses
12318000 usd
esrt Increase Decrease In Accounts Payable And Accrued Expenses
IncreaseDecreaseInAccountsPayableAndAccruedExpenses
-6055000 usd
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IncreaseDecreaseInDeferredRevenueAndOtherLiabilities
6769000 usd
esrt Increase Decrease In Deferred Revenue And Other Liabilities
IncreaseDecreaseInDeferredRevenueAndOtherLiabilities
1863000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
210860000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
196048000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
143894000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
101379000 usd
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
143431000 usd
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
26910000 usd
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
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esrt Increase Decrease In Derecognition Of Assets
IncreaseDecreaseInDerecognitionOfAssets
12876000 usd
esrt Payment For Prior Period Sale Of Property
PaymentForPriorPeriodSaleOfProperty
4034000 usd
esrt Payment For Prior Period Sale Of Property
PaymentForPriorPeriodSaleOfProperty
0 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
0 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 usd
us-gaap Proceeds From Sale Of Other Real Estate
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88910000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-39379000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
225000000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Proceeds From Long Term Lines Of Credit
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95000000 usd
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us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
215000000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
10513000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6685000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
12070000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
187000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13105000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
31844000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
30791000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
170573000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-50394000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
62963000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
106275000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
406956000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
314678000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
469919000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
420953000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
346620000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
264434000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
60336000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
50244000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
406956000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
314678000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
421896000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
353999000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
48023000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
66954000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
469919000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
420953000 usd
us-gaap Interest Paid Net
InterestPaidNet
65148000 usd
us-gaap Interest Paid Net
InterestPaidNet
69739000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1530000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
578000 usd
esrt Commercial Real Estate Incurred But Not Yet Paid
CommercialRealEstateIncurredButNotYetPaid
29499000 usd
esrt Commercial Real Estate Incurred But Not Yet Paid
CommercialRealEstateIncurredButNotYetPaid
44099000 usd
esrt Property Plant And Equipment And Intangible Assets Write Off
PropertyPlantAndEquipmentAndIntangibleAssetsWriteOff
8770000 usd
esrt Property Plant And Equipment And Intangible Assets Write Off
PropertyPlantAndEquipmentAndIntangibleAssetsWriteOff
23058000 usd
esrt Derivative Instruments At Fair Values Included In Prepaid Expenses And Other Assets
DerivativeInstrumentsAtFairValuesIncludedInPrepaidExpensesAndOtherAssets
5673000 usd
esrt Derivative Instruments At Fair Values Included In Prepaid Expenses And Other Assets
DerivativeInstrumentsAtFairValuesIncludedInPrepaidExpensesAndOtherAssets
25578000 usd
esrt Derivative Instruments At Fair Values Included In Accounts Payable And Accrued Expenses
DerivativeInstrumentsAtFairValuesIncludedInAccountsPayableAndAccruedExpenses
2143000 usd
esrt Derivative Instruments At Fair Values Included In Accounts Payable And Accrued Expenses
DerivativeInstrumentsAtFairValuesIncludedInAccountsPayableAndAccruedExpenses
0 usd
esrt Contract Asset Noncash Or Partial Noncash Transaction
ContractAssetNoncashOrPartialNoncashTransaction
168687000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
12042000 usd
CY2023Q4 esrt Historical Revenue Trend Observatory Revenue In Quarter One Over Ten Year Period Percent
HistoricalRevenueTrendObservatoryRevenueInQuarterOneOverTenYearPeriodPercent
0.17
CY2023Q4 esrt Historical Revenue Trend Observatory Revenue In Quarter Two Over Ten Year Period Percent
HistoricalRevenueTrendObservatoryRevenueInQuarterTwoOverTenYearPeriodPercent
0.26
CY2023Q4 esrt Historical Revenue Trend Observatory Revenue In Quarter Three Over Ten Year Period Percent
HistoricalRevenueTrendObservatoryRevenueInQuarterThreeOverTenYearPeriodPercent
0.29
CY2023Q4 esrt Historical Revenue Trend Observatory Revenue In Quarter Four Over Ten Year Period Percent
HistoricalRevenueTrendObservatoryRevenueInQuarterFourOverTenYearPeriodPercent
0.28
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Accounting Estimates</span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed 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, goodwill, right-of-use assets and other long-lived and indefinite-lived assets, estimate of tenant expense reimbursements, valuation of the allowance for doubtful accounts, and valuation of derivative instruments, ground lease liabilities, senior unsecured notes, mortgage notes payable, unsecured revolving credit and term loan facilities, and equity-based compensation. These estimates are prepared using management’s best judgment, after considering past, current, and expected events and economic conditions. Actual results could differ from those estimates.</span></div>
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
168700000 usd
CY2024Q3 esrt Long Term Debt Property In Receivership
LongTermDebtPropertyInReceivership
177700000 usd
CY2024Q3 esrt Interest Payable Property In Receivership
InterestPayablePropertyInReceivership
3500000 usd
CY2024Q3 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
222978000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
224295000 usd
CY2024Q3 esrt Deferred Costs Excluding Deferred Financing Costs
DeferredCostsExcludingDeferredFinancingCosts
386537000 usd
CY2023Q4 esrt Deferred Costs Excluding Deferred Financing Costs
DeferredCostsExcludingDeferredFinancingCosts
406480000 usd
CY2024Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
219188000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
236900000 usd
CY2024Q3 esrt Deferred Costs Net Excluding Net Deferred Financing Costs
DeferredCostsNetExcludingNetDeferredFinancingCosts
167349000 usd
CY2023Q4 esrt Deferred Costs Net Excluding Net Deferred Financing Costs
DeferredCostsNetExcludingNetDeferredFinancingCosts
169580000 usd
CY2024Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
176720000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
172457000 usd
CY2024Q3 esrt Below Market Ground Lease Accumulated Amortization
BelowMarketGroundLeaseAccumulatedAmortization
81548000 usd
CY2024Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-476000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1932000 usd
CY2024Q3 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
5930000 usd
CY2023Q3 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
5850000 usd
esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
16948000 usd
esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
17747000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1144000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1489000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3663000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6114000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
491500000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
491500000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Remainder Of Fiscal Year Portion Attributable To Amortization
LongTermDebtMaturitiesRepaymentsOfPrincipalInRemainderOfFiscalYearPortionAttributableToAmortization
1350000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Remainder Of Fiscal Year Principal Maturities
LongTermDebtMaturitiesRepaymentsOfPrincipalInRemainderOfFiscalYearPrincipalMaturities
0 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1350000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Year One Portion Attributable To Amortization
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearOnePortionAttributableToAmortization
3664000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Year One Principal Maturities
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearOnePrincipalMaturities
100000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
103664000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Year Two Portion Attributable To Amortization
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoPortionAttributableToAmortization
3957000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Year Two Principal Maturities
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoPrincipalMaturities
225000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
228957000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Year Three Portion Attributable To Amortization
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreePortionAttributableToAmortization
4276000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Year Three Principal Maturities
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreePrincipalMaturities
155000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
159276000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Year Four Portion Attributable To Amortization
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourPortionAttributableToAmortization
3555000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal In Year Four Principal Maturities
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourPrincipalMaturities
146091000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
149646000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal After Year Four Portion Attributable To Amortization
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFourPortionAttributableToAmortization
18524000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal After Year Four Principal Maturities
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFourPrincipalMaturities
1634207000 usd
CY2024Q3 esrt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1652731000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal Portion Attributable To Amortization
LongTermDebtMaturitiesRepaymentsOfPrincipalPortionAttributableToAmortization
35326000 usd
CY2024Q3 esrt Long Term Debt Maturities Repayments Of Principal Principal Maturities
LongTermDebtMaturitiesRepaymentsOfPrincipalPrincipalMaturities
2260298000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2295624000 usd
CY2024Q3 esrt Deferred Financing Costs Included In Net Debt
DeferredFinancingCostsIncludedInNetDebt
36309000 usd
CY2023Q4 esrt Deferred Financing Costs Included In Net Debt
DeferredFinancingCostsIncludedInNetDebt
34887000 usd
CY2024Q3 esrt Deferred Financing Costs Included In Net Deferred Costs
DeferredFinancingCostsIncludedInNetDeferredCosts
16623000 usd
CY2023Q4 esrt Deferred Financing Costs Included In Net Deferred Costs
DeferredFinancingCostsIncludedInNetDeferredCosts
8586000 usd
CY2024Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
52932000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
43473000 usd
CY2024Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
32871000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
31108000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
20061000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12365000 usd
CY2024Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3200000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3300000 usd
CY2024Q3 esrt Accrued Liabilities Capital Expenditures
AccruedLiabilitiesCapitalExpenditures
29499000 usd
CY2023Q4 esrt Accrued Liabilities Capital Expenditures
AccruedLiabilitiesCapitalExpenditures
51815000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
41507000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
44169000 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
2143000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
85000 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8294000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3687000 usd
CY2024Q3 esrt Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
81443000 usd
CY2023Q4 esrt Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
99756000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
27408000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
25382000 usd
us-gaap Interest Expense
InterestExpense
77859000 usd
us-gaap Interest Expense
InterestExpense
76091000 usd
CY2024Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
132266000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
132862000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
404854000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
395744000 usd
CY2024Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
20851000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
18596000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
54615000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
50408000 usd
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
153117000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
151458000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
459469000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
446152000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
122543000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
507696000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
476684000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
458727000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
420367000 usd
CY2024Q3 esrt Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
2050947000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
4036964000 usd
CY2024Q3 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28300000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
28300000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P45Y8M12D
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
380000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1518000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1503000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1482000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1482000 usd
CY2024Q3 esrt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
60795000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
67160000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
38903000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
28257000 usd
CY2024Q3 esrt Unfunded Capital Expenditures
UnfundedCapitalExpenditures
126500000 usd
CY2024Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9595000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9484000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
28693000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
27640000 usd
CY2024Q3 esrt Payments Of Private Perpetual Preferred Units Distributions
PaymentsOfPrivatePerpetualPreferredUnitsDistributions
1050000 usd
CY2023Q3 esrt Payments Of Private Perpetual Preferred Units Distributions
PaymentsOfPrivatePerpetualPreferredUnitsDistributions
1050000 usd
esrt Payments Of Private Perpetual Preferred Units Distributions
PaymentsOfPrivatePerpetualPreferredUnitsDistributions
3151000 usd
esrt Payments Of Private Perpetual Preferred Units Distributions
PaymentsOfPrivatePerpetualPreferredUnitsDistributions
3151000 usd
CY2024Q3 esrt Long Term Incentive Plan Units Stock Equivalent
LongTermIncentivePlanUnitsStockEquivalent
1 shares
CY2024Q3 esrt Conversion Rate For Long Term Incentive Plan Units To Operating Partnership Units
ConversionRateForLongTermIncentivePlanUnitsToOperatingPartnershipUnits
1
CY2024Q3 esrt Conversion Rate For Long Term Incentive Plan Units To Operating Partnership Units
ConversionRateForLongTermIncentivePlanUnitsToOperatingPartnershipUnits
1
CY2024Q3 esrt Percentageof Dividendson Common Stock Received Until Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedUntilPerformanceCriteriaMetforLTIPUnits
0.10
CY2024Q3 esrt Percentageof Dividendson Common Stock Received After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedAfterPerformanceCriteriaMetforLTIPUnits
0.90
CY2024Q3 esrt Percentageof Dividendson Common Stock Received In Periods After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedInPeriodsAfterPerformanceCriteriaMetforLTIPUnits
1
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.60
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
7.46
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
7.81
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
7.29
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.87
CY2024Q3 us-gaap Profit Loss
ProfitLoss
22796000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
19928000 usd
us-gaap Profit Loss
ProfitLoss
61566000 usd
us-gaap Profit Loss
ProfitLoss
68577000 usd
CY2024Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1050000 usd
CY2023Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1050000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3151000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3151000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
111000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
69000 usd
CY2024Q3 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Basic
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesBasic
21746000 usd
CY2024Q3 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
21746000 usd
CY2023Q3 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Basic
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesBasic
18767000 usd
CY2023Q3 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
18767000 usd
esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
58411000 usd
esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Basic
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesBasic
58411000 usd
esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Basic
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesBasic
65357000 usd
esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
65357000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264787000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
262756000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264675000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
263379000 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4826000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3317000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3933000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1890000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
269613000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266073000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
268608000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265269000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
153117000 usd
CY2024Q3 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
CY2024Q3 esrt Observatory Revenue
ObservatoryRevenue
39382000 usd
CY2024Q3 esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
4771000 usd
CY2024Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
271000 usd
CY2024Q3 us-gaap Other Operating Income
OtherOperatingIncome
2058000 usd
CY2024Q3 us-gaap Revenues
Revenues
199599000 usd
CY2024Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
45954000 usd
CY2024Q3 esrt Intercompany Rent Expense
IntercompanyRentExpense
0 usd
CY2024Q3 esrt Ground Rent Expense
GroundRentExpense
2331000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18372000 usd
CY2024Q3 esrt Observatory Expense
ObservatoryExpense
9715000 usd
CY2024Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
31982000 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45899000 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
154253000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
45346000 usd
CY2024Q3 us-gaap Investment Income Net
InvestmentIncomeNet
6960000 usd
CY2024Q3 esrt Interest Expense Nonoperating Excluding Property In Receivership
InterestExpenseNonoperatingExcludingPropertyInReceivership
27408000 usd
CY2024Q3 esrt Interest Expense Nonoperating Property In Receivership
InterestExpenseNonoperatingPropertyInReceivership
1922000 usd
CY2024Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1262000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24238000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1442000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
22796000 usd
CY2024Q3 us-gaap Assets
Assets
4436937000 usd
CY2024Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
167959000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
151458000 usd
CY2023Q3 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
CY2023Q3 esrt Observatory Revenue
ObservatoryRevenue
37562000 usd
CY2023Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
268000 usd
CY2023Q3 us-gaap Other Operating Income
OtherOperatingIncome
2238000 usd
CY2023Q3 us-gaap Revenues
Revenues
191526000 usd
CY2023Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
42817000 usd
CY2023Q3 esrt Intercompany Rent Expense
IntercompanyRentExpense
0 usd
CY2023Q3 esrt Ground Rent Expense
GroundRentExpense
2331000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16012000 usd
CY2023Q3 esrt Observatory Expense
ObservatoryExpense
9471000 usd
CY2023Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
32014000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
46624000 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
149269000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
42257000 usd
CY2023Q3 us-gaap Investment Income Net
InvestmentIncomeNet
4462000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
25382000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21337000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1409000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
19928000 usd
CY2023Q3 us-gaap Assets
Assets
4216547000 usd
CY2023Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
56227000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
459469000 usd
esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
esrt Observatory Revenue
ObservatoryRevenue
98102000 usd
esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
4771000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
912000 usd
us-gaap Other Operating Income
OtherOperatingIncome
7067000 usd
us-gaap Revenues
Revenues
570321000 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
132530000 usd
esrt Intercompany Rent Expense
IntercompanyRentExpense
0 usd
esrt Ground Rent Expense
GroundRentExpense
6994000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52364000 usd
esrt Observatory Expense
ObservatoryExpense
27104000 usd
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
96106000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
139453000 usd
us-gaap Operating Expenses
OperatingExpenses
454551000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
115770000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
16230000 usd
esrt Interest Expense Nonoperating Excluding Property In Receivership
InterestExpenseNonoperatingExcludingPropertyInReceivership
77859000 usd
esrt Interest Expense Nonoperating Property In Receivership
InterestExpenseNonoperatingPropertyInReceivership
2550000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-553000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
12065000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
63103000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1537000 usd
us-gaap Profit Loss
ProfitLoss
61566000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
259855000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
446152000 usd
esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
esrt Observatory Revenue
ObservatoryRevenue
93149000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1076000 usd
us-gaap Other Operating Income
OtherOperatingIncome
6313000 usd
us-gaap Revenues
Revenues
546690000 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
124380000 usd
esrt Intercompany Rent Expense
IntercompanyRentExpense
0 usd
esrt Ground Rent Expense
GroundRentExpense
6994000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47795000 usd
esrt Observatory Expense
ObservatoryExpense
25983000 usd
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
95292000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
140312000 usd
us-gaap Operating Expenses
OperatingExpenses
440756000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
105934000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
10396000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
76091000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
29261000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
69500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
923000 usd
us-gaap Profit Loss
ProfitLoss
68577000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
123729000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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exhibit311esrop9-30x24.htm Edgar Link pending
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