2022 Q2 Form 10-Q Financial Statement

#000162828022020938 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $198.0M $160.3M $153.4M
YoY Change 29.08% 5.9% 8.78%
Cost Of Revenue $71.47M $67.75M
YoY Change
Gross Profit $88.86M $85.66M
YoY Change
Gross Profit Margin 55.42% 55.84%
Selling, General & Admin $15.88M $13.58M $14.09M
YoY Change 12.68% -22.37%
% of Gross Profit 15.28% 16.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.47M $45.09M
YoY Change
% of Gross Profit 52.3% 52.64%
Operating Expenses $151.5M $60.05M $126.9M
YoY Change 19.38% -9.79%
Operating Profit $46.50M $28.81M $26.48M
YoY Change 75.57% 48.31% 7829.34%
Interest Expense $25.04M -$23.63M $23.42M
YoY Change 6.92% -2.11%
% of Operating Profit 53.85% -82.02% 88.44%
Other Income/Expense, Net
YoY Change
Pretax Income $49.06M -$2.540M $3.226M
YoY Change 1420.71% -114.62%
Income Tax $363.0K $1.540M -$1.185M
% Of Pretax Income 0.74% -36.73%
Net Earnings $48.70M -$4.090M $4.411M
YoY Change 1003.94% 1102.94% -121.35%
Net Earnings / Revenue 24.59% -2.55% 2.88%
Basic Earnings Per Share $0.17 $0.01
Diluted Earnings Per Share $0.17 -$14.81K $0.01
COMMON SHARES
Basic Shares Outstanding 270.1M shares 277.9M shares
Diluted Shares Outstanding 270.1M shares 278.4M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.7M $540.6M
YoY Change
Cash & Equivalents $359.4M $423.7M $540.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $18.65M $19.24M
Other Receivables $224.9M $231.1M
Total Short-Term Assets $667.3M $791.0M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.457B $2.190B
YoY Change
Goodwill $491.5M $491.5M $491.5M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $329.9M $310.1M
YoY Change
Total Long-Term Assets $3.615B $3.332B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $667.3M $791.0M
Total Long-Term Assets $3.615B $3.332B
Total Assets $4.217B $4.282B $4.123B
YoY Change 2.27% 3.17% -9.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.66M $26.01M
YoY Change
Accrued Expenses $81.60M $85.28M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $124.4M $112.1M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.310B $2.136B
YoY Change
Other Long-Term Liabilities $163.4M $142.4M
YoY Change
Total Long-Term Liabilities $2.474B $2.278B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $124.4M $112.1M
Total Long-Term Liabilities $2.474B $2.278B
Total Liabilities $2.551B $2.598B $2.390B
YoY Change 6.73% 7.39% -14.46%
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 $673.0M $677.6M
YoY Change
Total Liabilities & Shareholders Equity $4.217B $4.282B $4.123B
YoY Change 2.27% 3.17% -9.38%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $48.70M -$4.090M $4.411M
YoY Change 1003.94% 1102.94% -121.35%
Depreciation, Depletion And Amortization $46.47M $45.09M
YoY Change
Cash From Operating Activities $45.46M $10.33M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$24.32M -$27.64M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$117.7M $0.00
YoY Change
Cash From Investing Activities -$142.0M -$27.64M
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 -49.81M -11.52M
YoY Change
NET CHANGE
Cash From Operating Activities 45.46M 10.33M
Cash From Investing Activities -142.0M -27.64M
Cash From Financing Activities -49.81M -11.52M
Net Change In Cash -146.3M -28.83M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $45.46M $10.33M
Capital Expenditures -$24.32M -$27.64M
Free Cash Flow $69.78M $37.97M
YoY Change

Facts In Submission

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5731000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
61493000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
7214000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
57329000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
6951000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
52439000 usd
CY2022Q2 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
5765000 usd
CY2022Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
10758000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
48695000 usd
CY2022Q2 esrt Net Income Loss Attributableto Noncontrolling Interestsand Private Perpetual Preferred Unitholders
NetIncomeLossAttributabletoNoncontrollingInterestsandPrivatePerpetualPreferredUnitholders
-159000 usd
CY2021Q2 esrt Net Income Loss Attributableto Noncontrolling Interestsand Private Perpetual Preferred Unitholders
NetIncomeLossAttributabletoNoncontrollingInterestsandPrivatePerpetualPreferredUnitholders
0 usd
esrt Net Income Loss Attributableto Noncontrolling Interestsand Private Perpetual Preferred Unitholders
NetIncomeLossAttributabletoNoncontrollingInterestsandPrivatePerpetualPreferredUnitholders
-222000 usd
esrt Net Income Loss Attributableto Noncontrolling Interestsand Private Perpetual Preferred Unitholders
NetIncomeLossAttributabletoNoncontrollingInterestsandPrivatePerpetualPreferredUnitholders
0 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
1627000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
1627000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
60025000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7214000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
55924000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6951000 usd
CY2022Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1662032000 usd
CY2022Q2 esrt Stock Issued During Period Value Conversion Of Common Units To Private Perpetual Preferred Units
StockIssuedDuringPeriodValueConversionOfCommonUnitsToPrivatePerpetualPreferredUnits
0 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2022Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
37433000 usd
CY2021Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
28793000 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
76077000 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
59072000 usd
CY2022Q2 esrt Ground Rent Expense
GroundRentExpense
2332000 usd
CY2021Q2 esrt Ground Rent Expense
GroundRentExpense
2332000 usd
esrt Ground Rent Expense
GroundRentExpense
4663000 usd
esrt Ground Rent Expense
GroundRentExpense
4663000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15876000 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14089000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29562000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27942000 usd
CY2022Q2 esrt Observatory Expense
ObservatoryExpense
7776000 usd
CY2021Q2 esrt Observatory Expense
ObservatoryExpense
5268000 usd
esrt Observatory Expense
ObservatoryExpense
13991000 usd
esrt Observatory Expense
ObservatoryExpense
9856000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12798000 usd
CY2022Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1666093000 usd
CY2021Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1731195000 usd
CY2021Q2 esrt Stock Issued During Period Value Conversion Of Common Units To Private Perpetual Preferred Units
StockIssuedDuringPeriodValueConversionOfCommonUnitsToPrivatePerpetualPreferredUnits
0 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
CY2021Q2 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
5304000 usd
CY2021Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
10505000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
4411000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2803000 usd
CY2021Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1733208000 usd
CY2021Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1684332000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
224000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
64440000 usd
us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
10225000 usd
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
21577000 usd
us-gaap Profit Loss
ProfitLoss
31474000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
25855000 usd
CY2022Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1666093000 usd
CY2020Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1731307000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3533000 usd
us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
10038000 usd
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
11555000 usd
us-gaap Profit Loss
ProfitLoss
1220000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5731000 usd
CY2021Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1733208000 usd
us-gaap Profit Loss
ProfitLoss
31474000 usd
us-gaap Profit Loss
ProfitLoss
1220000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
125410000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
89545000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2303000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
21826000 usd
us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
27170000 usd
us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
0 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5169000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5398000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-3459000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1371000 usd
esrt Amortizationofbelow Market Ground Lease
AmortizationofbelowMarketGroundLease
3916000 usd
esrt Amortizationofbelow Market Ground Lease
AmortizationofbelowMarketGroundLease
3916000 usd
us-gaap Straight Line Rent
StraightLineRent
11192000 usd
us-gaap Straight Line Rent
StraightLineRent
10110000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10225000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10038000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-214000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
866000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-4523000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24831000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
8372000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1242000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5783000 usd
esrt Increase Decreasein Accounts Payableand Accrued Expenses
IncreaseDecreaseinAccountsPayableandAccruedExpenses
-2235000 usd
esrt Increase Decreasein Accounts Payableand Accrued Expenses
IncreaseDecreaseinAccountsPayableandAccruedExpenses
-5232000 usd
esrt Increase Decreasein Deferred Revenueand Other Liabilities
IncreaseDecreaseinDeferredRevenueandOtherLiabilities
-1427000 usd
esrt Increase Decreasein Deferred Revenueand Other Liabilities
IncreaseDecreaseinDeferredRevenueandOtherLiabilities
-5080000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
83678000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
83729000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
31000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
98000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
56614000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
48347000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56645000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48445000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3119000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2026000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7539000 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
224000 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
64440000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3533000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
21577000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
11555000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-88912000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24653000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-61879000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10631000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
474638000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
567939000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
412759000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
567939000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
359424000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
578570000 usd
us-gaap Interest Paid Net
InterestPaidNet
40199000 usd
us-gaap Interest Paid Net
InterestPaidNet
38639000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
578570000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
423695000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
526714000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
50943000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
41225000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
474638000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
540604000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
53335000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
37966000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
412759000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
268000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
299000 usd
esrt Commercial Real Estate Incurredbut Notyet Paid
CommercialRealEstateIncurredbutNotyetPaid
67815000 usd
esrt Commercial Real Estate Incurredbut Notyet Paid
CommercialRealEstateIncurredbutNotyetPaid
52891000 usd
esrt Property Plant And Equipment And Intangible Assets Write Off
PropertyPlantAndEquipmentAndIntangibleAssetsWriteOff
38518000 usd
esrt Property Plant And Equipment And Intangible Assets Write Off
PropertyPlantAndEquipmentAndIntangibleAssetsWriteOff
8729000 usd
esrt Derivative Instruments At Fair Values Included In Prepaid Expenses And Other Assets
DerivativeInstrumentsAtFairValuesIncludedInPrepaidExpensesAndOtherAssets
4082000 usd
esrt Derivative Instruments At Fair Values Included In Prepaid Expenses And Other Assets
DerivativeInstrumentsAtFairValuesIncludedInPrepaidExpensesAndOtherAssets
0 usd
esrt Derivative Financial Instruments Includedin Accounts Payableand Accrued Expense
DerivativeFinancialInstrumentsIncludedinAccountsPayableandAccruedExpense
19695000 usd
esrt Derivative Financial Instruments Includedin Accounts Payableand Accrued Expense
DerivativeFinancialInstrumentsIncludedinAccountsPayableandAccruedExpense
6176000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
2345000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
6835000 usd
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
1680000 usd
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0 usd
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
30000000 usd
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
0 usd
CY2022Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
9900000 sqft
us-gaap Use Of Estimates
UseOfEstimates
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, 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 term loan and revolving credit 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.
CY2022Q2 us-gaap Notes Payable
NotesPayable
30000000 usd
CY2022Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
27200000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
7700000 usd
CY2022Q2 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
217415000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
211189000 usd
CY2022Q2 esrt Deferred Costs Gross
DeferredCostsGross
405708000 usd
CY2021Q4 esrt Deferred Costs Gross
DeferredCostsGross
410969000 usd
CY2022Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
218336000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
215764000 usd
CY2022Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
187372000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
195205000 usd
CY2022Q2 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
7300000 usd
CY2021Q2 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
6100000 usd
esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
14300000 usd
esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
11700000 usd
CY2022Q2 esrt Below Market Ground Lease Gross
BelowMarketGroundLeaseGross
396916000 usd
CY2021Q4 esrt Below Market Ground Lease Gross
BelowMarketGroundLeaseGross
396916000 usd
CY2022Q2 esrt Below Market Ground Lease Accumulated Amortization
BelowMarketGroundLeaseAccumulatedAmortization
63928000 usd
CY2021Q4 esrt Below Market Ground Lease Accumulated Amortization
BelowMarketGroundLeaseAccumulatedAmortization
60012000 usd
CY2022Q2 esrt Below Market Ground Lease Net
BelowMarketGroundLeaseNet
332988000 usd
CY2021Q4 esrt Below Market Ground Lease Net
BelowMarketGroundLeaseNet
336904000 usd
CY2022Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
64635000 usd
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
65403000 usd
CY2022Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
44457000 usd
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
40462000 usd
CY2022Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
20178000 usd
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
24941000 usd
CY2022Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1700000 usd
CY2021Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-700000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-3500000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1400000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
491500000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Remainderof Fiscal Year Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinRemainderofFiscalYearPortionAttributabletoAmortization
4194000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Remainderof Fiscal Year Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinRemainderofFiscalYearPrincipalMaturities
0 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4194000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Year One Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearOnePortionAttributabletoAmortization
9632000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Year One Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearOnePrincipalMaturities
0 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9632000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Year Two Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearTwoPortionAttributabletoAmortization
9903000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Year Two Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearTwoPrincipalMaturities
77675000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
87578000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Year Three Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearThreePortionAttributabletoAmortization
7979000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Year Three Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearThreePrincipalMaturities
315000000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
322979000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Year Four Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFourPortionAttributabletoAmortization
8491000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalin Year Four Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFourPrincipalMaturities
225000000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
233491000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalafter Year Four Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalafterYearFourPortionAttributabletoAmortization
35975000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principalafter Year Four Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalafterYearFourPrincipalMaturities
1606282000 usd
CY2022Q2 esrt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1642257000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principal Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalPortionAttributabletoAmortization
76174000 usd
CY2022Q2 esrt Longterm Debt Maturities Repaymentsof Principal Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalPrincipalMaturities
2223957000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2300131000 usd
CY2022Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
44065000 usd
CY2021Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
44637000 usd
CY2022Q2 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
24727000 usd
CY2021Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
22525000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19338000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
22112000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1300000 usd
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2700000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2300000 usd
CY2022Q2 esrt Accrued Liabilities Capital Expenditures
AccruedLiabilitiesCapitalExpenditures
67815000 usd
us-gaap Interest Expense
InterestExpense
50056000 usd
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3630000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3460000 usd
CY2022Q2 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-880000 usd
us-gaap Interest Expense
InterestExpense
46976000 usd
CY2021Q4 esrt Accrued Liabilities Capital Expenditures
AccruedLiabilitiesCapitalExpenditures
49247000 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
35900000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
41664000 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
5612000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
25308000 usd
CY2021Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-1131000 usd
CY2022Q2 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
113837000 usd
CY2021Q4 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
120810000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
25042000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
23422000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
149339000 usd
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
140797000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
30824000 usd
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
134794000 usd
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
124432000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
268195000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
250204000 usd
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
14545000 usd
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
16365000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
28658000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
296853000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
281028000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
244025000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
495765000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
473800000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
437398000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
396072000 usd
CY2022Q2 esrt Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
1853731000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3900791000 usd
CY2022Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28800000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
28800000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P47Y10M24D
CY2022Q2 esrt Percentageof Dividendson Common Stock Received In Periods After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedInPeriodsAfterPerformanceCriteriaMetforLTIPUnits
1
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
759000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1518000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1518000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1518000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1518000 usd
CY2022Q2 esrt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
63744000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
70575000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
41794000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
28781000 usd
CY2022Q2 esrt Unfunded Capital Expenditures
UnfundedCapitalExpenditures
105300000 usd
CY2022Q2 esrt Long Term Incentive Plan Units Stock Equivalent
LongTermIncentivePlanUnitsStockEquivalent
1 shares
CY2022Q2 esrt Conversion Rate For Long Term Incentive Plan Units To Operating Partnership Units
ConversionRateForLongTermIncentivePlanUnitsToOperatingPartnershipUnits
1
CY2022Q2 esrt Conversion Rate For Long Term Incentive Plan Units To Operating Partnership Units
ConversionRateForLongTermIncentivePlanUnitsToOperatingPartnershipUnits
1
CY2022Q2 esrt Percentageof Dividendson Common Stock Received Until Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedUntilPerformanceCriteriaMetforLTIPUnits
0.10
CY2022Q2 esrt Percentageof Dividendson Common Stock Received After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedAfterPerformanceCriteriaMetforLTIPUnits
0.90
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2308026 shares
CY2022Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.95
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
467350000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1050731 shares
CY2022Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.09
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
458849000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3252202 shares
CY2022Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.16
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
435560000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9700000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
19500000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9500000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9500000 usd
CY2022Q2 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
1100000 usd
esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
2100000 usd
CY2021Q2 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
1100000 usd
esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
2100000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
7.02
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
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
9.95
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
7.21
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
7.20
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.67
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P10Y
CY2022Q2 us-gaap Profit Loss
ProfitLoss
48695000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
4411000 usd
us-gaap Profit Loss
ProfitLoss
31474000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2101000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-159000 usd
us-gaap Profit Loss
ProfitLoss
1220000 usd
CY2022Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1051000 usd
CY2021Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1051000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2101000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-222000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
670000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
670000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
113000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
113000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
759000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
759000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
113000 usd
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
603000 shares
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
113000 usd
CY2022Q2 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Basic
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesBasic
47133000 usd
CY2022Q2 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
47133000 usd
CY2021Q2 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
3247000 usd
CY2021Q2 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Basic
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesBasic
3247000 usd
esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Basic
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesBasic
28836000 usd
esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
28836000 usd
esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Basic
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesBasic
-994000 usd
esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
-994000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
270078000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277893000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
271834000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277887000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
543000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
270085000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
278436000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
271837000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
277887000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
398000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1051000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
955000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
149339000 usd
CY2022Q2 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
CY2022Q2 esrt Observatory Revenue
ObservatoryRevenue
27368000 usd
CY2022Q2 esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
18859000 usd
CY2022Q2 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
326000 usd
CY2022Q2 us-gaap Other Operating Income
OtherOperatingIncome
2130000 usd
CY2022Q2 us-gaap Revenues
Revenues
198022000 usd
CY2022Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
37433000 usd
CY2022Q2 esrt Intercompany Rent Expense
IntercompanyRentExpense
0 usd
CY2022Q2 esrt Ground Rent Expense
GroundRentExpense
2332000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
151523000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
46499000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15876000 usd
CY2022Q2 esrt Observatory Expense
ObservatoryExpense
7776000 usd
CY2022Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
29802000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
58304000 usd
CY2022Q2 us-gaap Investment Income Net
InvestmentIncomeNet
431000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
25042000 usd
CY2022Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
27170000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
49058000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
363000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
48695000 usd
CY2022Q2 us-gaap Assets
Assets
4217231000 usd
CY2022Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
13115000 usd
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
140797000 usd
CY2021Q2 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
CY2021Q2 esrt Observatory Revenue
ObservatoryRevenue
8359000 usd
CY2021Q2 esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
3339000 usd
CY2021Q2 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
327000 usd
CY2021Q2 us-gaap Other Operating Income
OtherOperatingIncome
586000 usd
CY2021Q2 us-gaap Revenues
Revenues
153408000 usd
CY2021Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
28793000 usd
CY2021Q2 esrt Intercompany Rent Expense
IntercompanyRentExpense
0 usd
CY2021Q2 esrt Ground Rent Expense
GroundRentExpense
2332000 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14089000 usd
CY2021Q2 esrt Observatory Expense
ObservatoryExpense
5268000 usd
CY2021Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
31354000 usd
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45088000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
126924000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
26484000 usd
CY2021Q2 us-gaap Investment Income Net
InvestmentIncomeNet
164000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
23422000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3226000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1185000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
4411000 usd
CY2021Q2 us-gaap Assets
Assets
4123472000 usd
CY2021Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
19975000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
296853000 usd
esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
esrt Observatory Revenue
ObservatoryRevenue
40609000 usd
esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
20032000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
636000 usd
us-gaap Other Operating Income
OtherOperatingIncome
3926000 usd
us-gaap Revenues
Revenues
362056000 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
76077000 usd
esrt Intercompany Rent Expense
IntercompanyRentExpense
0 usd
esrt Ground Rent Expense
GroundRentExpense
4663000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29562000 usd
esrt Observatory Expense
ObservatoryExpense
13991000 usd
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
59806000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
125410000 usd
us-gaap Operating Expenses
OperatingExpenses
309509000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
52547000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
580000 usd
us-gaap Interest Expense
InterestExpense
50056000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
27170000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30241000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1233000 usd
us-gaap Profit Loss
ProfitLoss
31474000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
52290000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
281028000 usd
esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
esrt Observatory Revenue
ObservatoryRevenue
10962000 usd
esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
4628000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
603000 usd
us-gaap Other Operating Income
OtherOperatingIncome
1491000 usd
us-gaap Revenues
Revenues
298712000 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
59072000 usd
esrt Intercompany Rent Expense
IntercompanyRentExpense
0 usd
esrt Ground Rent Expense
GroundRentExpense
4663000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27942000 usd
esrt Observatory Expense
ObservatoryExpense
9856000 usd
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
62801000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
89545000 usd
us-gaap Operating Expenses
OperatingExpenses
253879000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
44833000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
286000 usd
us-gaap Interest Expense
InterestExpense
46976000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-214000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2071000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3291000 usd
us-gaap Profit Loss
ProfitLoss
1220000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
43311000 usd

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