2023 Q4 Form 10-K Financial Statement

#000162828024007675 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $192.9M $739.6M $181.3M
YoY Change 6.4% 1.72% 13.06%
Cost Of Revenue $86.37M $339.0M $81.34M
YoY Change 6.18% 5.5% 13.81%
Gross Profit $106.5M $400.6M $99.93M
YoY Change 6.59% -1.26% 12.46%
Gross Profit Margin 55.22% 54.16% 55.13%
Selling, General & Admin $16.14M $63.94M $16.48M
YoY Change -2.03% 3.52% 21.34%
% of Gross Profit 15.16% 15.96% 16.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.70M $189.9M $38.90M
YoY Change 12.34% -12.44% -16.29%
% of Gross Profit 41.03% 47.41% 38.93%
Operating Expenses $65.74M $592.9M $60.98M
YoY Change 7.81% -1.19% 1.55%
Operating Profit $40.77M $146.7M $38.95M
YoY Change 4.67% 15.49% 35.21%
Interest Expense -$20.65M $101.5M -$22.83M
YoY Change -9.54% 0.27% -3.39%
% of Operating Profit -50.65% 69.18% -58.61%
Other Income/Expense, Net
YoY Change
Pretax Income $17.62M $87.12M $22.94M
YoY Change -23.19% 34.53% -1003.23%
Income Tax $1.792M $2.715M $1.322M
% Of Pretax Income 10.17% 3.12% 5.76%
Net Earnings $14.78M $84.41M $20.54M
YoY Change -28.04% 33.53% -602.25%
Net Earnings / Revenue 7.66% 11.41% 11.33%
Basic Earnings Per Share $0.30
Diluted Earnings Per Share $0.06 $0.30 $0.08
COMMON SHARES
Basic Shares Outstanding 263.2M shares
Diluted Shares Outstanding 265.6M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $346.6M $346.6M $264.4M
YoY Change 31.08% 31.08% -37.59%
Cash & Equivalents $346.6M $346.6M $264.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $39.84M $39.84M $24.10M
Other Receivables $255.6M $255.6M $240.2M
Total Short-Term Assets $642.1M $642.1M $528.7M
YoY Change 21.44% 21.44% -20.76%
LONG-TERM ASSETS
Property, Plant & Equipment $2.434B $2.434B $2.443B
YoY Change -0.38% -0.38% -0.57%
Goodwill $491.5M $491.5M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $331.0M $331.0M $371.5M
YoY Change -10.9% -10.9% 12.59%
Total Long-Term Assets $3.577B $3.577B $3.635B
YoY Change -1.59% -1.59% 0.54%
TOTAL ASSETS
Total Short-Term Assets $642.1M $642.1M $528.7M
Total Long-Term Assets $3.577B $3.577B $3.635B
Total Assets $4.219B $4.219B $4.164B
YoY Change 1.34% 1.34% -2.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.17M $44.17M $32.93M
YoY Change 34.14% 34.14% -20.96%
Accrued Expenses $83.94M $83.94M $76.47M
YoY Change 9.77% 9.77% -6.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $128.1M $128.1M $109.4M
YoY Change 17.1% 17.1% -12.05%
LONG-TERM LIABILITIES
Long-Term Debt $2.241B $2.241B $2.246B
YoY Change -0.25% -0.25% -2.78%
Other Long-Term Liabilities $119.6M $119.6M $125.0M
YoY Change -4.27% -4.27% -23.5%
Total Long-Term Liabilities $2.360B $2.360B $2.371B
YoY Change -0.46% -0.46% -4.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.1M $128.1M $109.4M
Total Long-Term Liabilities $2.360B $2.360B $2.371B
Total Liabilities $2.488B $3.489B $2.481B
YoY Change 0.31% 1.13% -4.53%
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 $730.1M $713.3M
YoY Change
Total Liabilities & Shareholders Equity $4.219B $4.219B $4.164B
YoY Change 1.34% 1.34% -2.78%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $14.78M $84.41M $20.54M
YoY Change -28.04% 33.53% -602.25%
Depreciation, Depletion And Amortization $43.70M $189.9M $38.90M
YoY Change 12.34% -12.44% -16.29%
Cash From Operating Activities $232.5M
YoY Change 10.1%
INVESTING ACTIVITIES
Capital Expenditures $139.3M
YoY Change 10.34%
Acquisitions
YoY Change
Other Investing Activities $61.99M
YoY Change -159.25%
Cash From Investing Activities -$77.34M
YoY Change -66.5%
FINANCING ACTIVITIES
Cash Dividend Paid $37.12M
YoY Change -3.79%
Common Stock Issuance & Retirement, Net $13.11M
YoY Change -85.47%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$62.87M
YoY Change -55.17%
NET CHANGE
Cash From Operating Activities $232.5M
Cash From Investing Activities -$77.34M
Cash From Financing Activities -$62.87M
Net Change In Cash $92.28M
YoY Change -157.69%
FREE CASH FLOW
Cash From Operating Activities $232.5M
Capital Expenditures $139.3M
Free Cash Flow $93.16M
YoY Change 9.73%

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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Stock Repurchased During Period Value
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46704000 usd
CY2021 us-gaap Noncontrolling Interest Increase From Business Combination
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13269000 usd
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20260000 usd
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12001000 usd
CY2021Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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1684332000 usd
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CY2022 us-gaap Stock Repurchased During Period Value
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90176000 usd
CY2022 us-gaap Noncontrolling Interest Increase From Business Combination
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224000 usd
CY2022 us-gaap Partners Capital Account Unit Based Compensation
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21011000 usd
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42786000 usd
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47274000 usd
CY2022Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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0 usd
CY2023 us-gaap Stock Repurchased During Period Value
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13105000 usd
CY2023 us-gaap Noncontrolling Interest Increase From Business Combination
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187000 usd
CY2023 us-gaap Partners Capital Account Unit Based Compensation
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20026000 usd
CY2023 us-gaap Partners Capital Account Distributions
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41323000 usd
CY2023 us-gaap Profit Loss
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84407000 usd
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CY2023Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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1731045000 usd
CY2023 us-gaap Profit Loss
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84407000 usd
CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
189911000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
216894000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
201806000 usd
CY2023 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
26764000 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
33988000 usd
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
7723000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9089000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9799000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
10862000 usd
CY2023 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2415000 usd
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-4759000 usd
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-5896000 usd
CY2023 esrt Amortizationofbelow Market Ground Lease
AmortizationofbelowMarketGroundLease
7831000 usd
CY2022 esrt Amortizationofbelow Market Ground Lease
AmortizationofbelowMarketGroundLease
7831000 usd
CY2021 esrt Amortizationofbelow Market Ground Lease
AmortizationofbelowMarketGroundLease
7831000 usd
CY2023 us-gaap Straight Line Rent
StraightLineRent
19563000 usd
CY2022 us-gaap Straight Line Rent
StraightLineRent
24562000 usd
CY2021 us-gaap Straight Line Rent
StraightLineRent
21078000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
20026000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
21011000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
20260000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-214000 usd
CY2023 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
10486000 usd
CY2022 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-828000 usd
CY2021 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-1052000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15643000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5306000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2894000 usd
CY2023 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
17669000 usd
CY2022 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
36909000 usd
CY2021 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
16090000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5186000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2263000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5814000 usd
CY2023 esrt Increase Decreasein Accounts Payableand Accrued Expenses
IncreaseDecreaseinAccountsPayableandAccruedExpenses
746000 usd
CY2022 esrt Increase Decreasein Accounts Payableand Accrued Expenses
IncreaseDecreaseinAccountsPayableandAccruedExpenses
4705000 usd
CY2021 esrt Increase Decreasein Accounts Payableand Accrued Expenses
IncreaseDecreaseinAccountsPayableandAccruedExpenses
-99000 usd
CY2023 esrt Increase Decreasein Deferred Revenueand Other Liabilities
IncreaseDecreaseinDeferredRevenueandOtherLiabilities
-2765000 usd
CY2022 esrt Increase Decreasein Deferred Revenueand Other Liabilities
IncreaseDecreaseinDeferredRevenueandOtherLiabilities
-3664000 usd
CY2021 esrt Increase Decreasein Deferred Revenueand Other Liabilities
IncreaseDecreaseinDeferredRevenueandOtherLiabilities
12334000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
232491000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
211173000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
212486000 usd
CY2023 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
26910000 usd
CY2022 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
115593000 usd
CY2021 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
117540000 usd
CY2023 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
88910000 usd
CY2022 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
11005000 usd
CY2021 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 usd
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
139328000 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
126268000 usd
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
95037000 usd
CY2023 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
12000 usd
CY2022 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
35000 usd
CY2021 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
165000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-77340000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-230891000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-212742000 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
8632000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7504000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4091000 usd
CY2023 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
187000 usd
CY2022 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
224000 usd
CY2021 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9486000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13105000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
90176000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
46704000 usd
CY2023 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
4201000 usd
CY2022 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
4201000 usd
CY2021 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
4201000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
37122000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
38585000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
28563000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-62873000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-140242000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-93045000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
92278000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-159960000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-93301000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
314678000 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
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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
474638000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
264434000 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
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
50244000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
50943000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
41225000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
314678000 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
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
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
423695000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
60336000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
50244000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
50943000 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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
474638000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
92000000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
91012000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
77610000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
1390000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
200000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
644000 usd
CY2023 esrt Commercial Real Estate Incurredbut Notyet Paid
CommercialRealEstateIncurredbutNotyetPaid
51815000 usd
CY2022 esrt Commercial Real Estate Incurredbut Notyet Paid
CommercialRealEstateIncurredbutNotyetPaid
44293000 usd
CY2021 esrt Commercial Real Estate Incurredbut Notyet Paid
CommercialRealEstateIncurredbutNotyetPaid
49247000 usd
CY2023 esrt Property Plant And Equipment And Intangible Assets Write Off
PropertyPlantAndEquipmentAndIntangibleAssetsWriteOff
33391000 usd
CY2022 esrt Property Plant And Equipment And Intangible Assets Write Off
PropertyPlantAndEquipmentAndIntangibleAssetsWriteOff
35124000 usd
CY2021 esrt Property Plant And Equipment And Intangible Assets Write Off
PropertyPlantAndEquipmentAndIntangibleAssetsWriteOff
31341000 usd
CY2023 esrt Derivative Instruments At Fair Values Included In Prepaid Expenses And Other Assets
DerivativeInstrumentsAtFairValuesIncludedInPrepaidExpensesAndOtherAssets
11800000 usd
CY2022 esrt Derivative Instruments At Fair Values Included In Prepaid Expenses And Other Assets
DerivativeInstrumentsAtFairValuesIncludedInPrepaidExpensesAndOtherAssets
17902000 usd
CY2021 esrt Derivative Instruments At Fair Values Included In Prepaid Expenses And Other Assets
DerivativeInstrumentsAtFairValuesIncludedInPrepaidExpensesAndOtherAssets
0 usd
CY2023 esrt Derivative Instruments At Fair Values Included In Accounts Payable And Accrued Expenses
DerivativeInstrumentsAtFairValuesIncludedInAccountsPayableAndAccruedExpenses
85000 usd
CY2022 esrt Derivative Instruments At Fair Values Included In Accounts Payable And Accrued Expenses
DerivativeInstrumentsAtFairValuesIncludedInAccountsPayableAndAccruedExpenses
0 usd
CY2021 esrt Derivative Instruments At Fair Values Included In Accounts Payable And Accrued Expenses
DerivativeInstrumentsAtFairValuesIncludedInAccountsPayableAndAccruedExpenses
25308000 usd
CY2023 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
17671000 usd
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
4495000 usd
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
10426000 usd
CY2023 esrt Transfer Of Assets Related To Assets Held For Sale
TransferOfAssetsRelatedToAssetsHeldForSale
0 usd
CY2022 esrt Transfer Of Assets Related To Assets Held For Sale
TransferOfAssetsRelatedToAssetsHeldForSale
35538000 usd
CY2021 esrt Transfer Of Assets Related To Assets Held For Sale
TransferOfAssetsRelatedToAssetsHeldForSale
0 usd
CY2023 esrt Transfer Of Liabilities Related To Assets Held For Sale
TransferOfLiabilitiesRelatedToAssetsHeldForSale
0 usd
CY2022 esrt Transfer Of Liabilities Related To Assets Held For Sale
TransferOfLiabilitiesRelatedToAssetsHeldForSale
5943000 usd
CY2021 esrt Transfer Of Liabilities Related To Assets Held For Sale
TransferOfLiabilitiesRelatedToAssetsHeldForSale
0 usd
CY2023 us-gaap Loans Assumed1
LoansAssumed1
0 usd
CY2022 us-gaap Loans Assumed1
LoansAssumed1
30117000 usd
CY2021 us-gaap Loans Assumed1
LoansAssumed1
0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
177453000 usd
CY2023 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
0 usd
CY2022 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
0 usd
CY2021 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
13269000 usd
CY2023Q4 esrt Numberof Entitiestobe Treatedas Taxable Reit Subsidiary
NumberofEntitiestobeTreatedasTaxableREITSubsidiary
2 entity
CY2023 us-gaap Use Of Estimates
UseOfEstimates
The preparation of the consolidated financial statements in accordance with GAAP requires management to use estimates and assumptions that in certain circumstances affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Significant items subject to such estimates and assumptions include allocation of the purchase price of acquired real estate properties among tangible and intangible assets, determination of the useful life of real estate properties and other long-lived assets, valuation and impairment analysis of commercial real estate properties, 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.
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
1700000 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
1400000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
10900000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
10800000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
7900000 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q4 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
3800000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
224295000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
218707000 usd
CY2023Q4 esrt Deferred Costs Gross
DeferredCostsGross
406480000 usd
CY2022Q4 esrt Deferred Costs Gross
DeferredCostsGross
407223000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
236900000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
223246000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
169580000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
183977000 usd
CY2023 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
23600000 usd
CY2022 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
25400000 usd
CY2021 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
28600000 usd
CY2023Q4 esrt Below Market Ground Lease Gross
BelowMarketGroundLeaseGross
396916000 usd
CY2022Q4 esrt Below Market Ground Lease Gross
BelowMarketGroundLeaseGross
396916000 usd
CY2023Q4 esrt Below Market Ground Lease Accumulated Amortization
BelowMarketGroundLeaseAccumulatedAmortization
75675000 usd
CY2022Q4 esrt Below Market Ground Lease Accumulated Amortization
BelowMarketGroundLeaseAccumulatedAmortization
67843000 usd
CY2023Q4 esrt Below Market Ground Lease Net
BelowMarketGroundLeaseNet
321241000 usd
CY2022Q4 esrt Below Market Ground Lease Net
BelowMarketGroundLeaseNet
329073000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
55155000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
64656000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
41405000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
46807000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13750000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
17849000 usd
CY2023 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2400000 usd
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-4800000 usd
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-5900000 usd
CY2023Q4 esrt Aboveand Below Market Lease Net Amortization Income Next Twelve Months
AboveandBelowMarketLeaseNetAmortizationIncomeNextTwelveMonths
1977000 usd
CY2023Q4 esrt Aboveand Below Market Lease Net Amortization Income Year Two
AboveandBelowMarketLeaseNetAmortizationIncomeYearTwo
1914000 usd
CY2023Q4 esrt Aboveand Below Market Lease Net Amortization Income Year Three
AboveandBelowMarketLeaseNetAmortizationIncomeYearThree
1116000 usd
CY2023Q4 esrt Aboveand Below Market Lease Net Amortization Income Year Four
AboveandBelowMarketLeaseNetAmortizationIncomeYearFour
882000 usd
CY2023Q4 esrt Aboveand Below Market Lease Net Amortization Income Year Five
AboveandBelowMarketLeaseNetAmortizationIncomeYearFive
854000 usd
CY2023Q4 esrt Aboveand Below Market Lease Net Amortization Incomeafter Year Five
AboveandBelowMarketLeaseNetAmortizationIncomeafterYearFive
-124000 usd
CY2023Q4 esrt Aboveand Below Market Lease Net
AboveandBelowMarketLeaseNet
6619000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
491500000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Next Twelve Months Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinNextTwelveMonthsPortionAttributabletoAmortization
8861000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Next Twelve Months Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinNextTwelveMonthsPrincipalMaturities
77675000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
86536000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Two Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearTwoPortionAttributabletoAmortization
6893000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Two Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearTwoPrincipalMaturities
315000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
321893000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Three Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearThreePortionAttributabletoAmortization
7330000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Three Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearThreePrincipalMaturities
225000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
232330000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Four Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFourPortionAttributabletoAmortization
6461000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Four Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFourPrincipalMaturities
319000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
325461000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Five Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFivePortionAttributabletoAmortization
3556000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Five Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFivePrincipalMaturities
146092000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
149648000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalafter Year Five Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalafterYearFivePortionAttributabletoAmortization
18523000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principalafter Year Five Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalafterYearFivePrincipalMaturities
1122607000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1141130000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principal Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalPortionAttributabletoAmortization
51624000 usd
CY2023Q4 esrt Longterm Debt Maturities Repaymentsof Principal Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalPrincipalMaturities
2205374000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2256998000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
43473000 usd
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
43473000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
31108000 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
26753000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12365000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16720000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4400000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4900000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4500000 usd
CY2023Q4 esrt Accrued Liabilities Capital Expenditures
AccruedLiabilitiesCapitalExpenditures
51815000 usd
CY2022Q4 esrt Accrued Liabilities Capital Expenditures
AccruedLiabilitiesCapitalExpenditures
44293000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
44169000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
32927000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
85000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3687000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3509000 usd
CY2023Q4 esrt Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
99756000 usd
CY2022Q4 esrt Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
80729000 usd
CY2023Q4 esrt Derivative Liability Termination Value
DerivativeLiabilityTerminationValue
100000 usd
CY2023 us-gaap Interest Expense
InterestExpense
101484000 usd
CY2022 us-gaap Interest Expense
InterestExpense
101206000 usd
CY2021 us-gaap Interest Expense
InterestExpense
94394000 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
529965000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
531740000 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
500847000 usd
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
67354000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
59308000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
58843000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
597319000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
591048000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
559690000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
513589000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
499154000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
453645000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
434447000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
395858000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1646769000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3943462000 usd
CY2023Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28400000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28400000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P46Y6M
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1518000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1518000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1503000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1482000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1482000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
60795000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
68298000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
39859000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28439000 usd
CY2023Q4 esrt Unfunded Capital Expenditures
UnfundedCapitalExpenditures
101200000 usd
CY2023 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
12917000 usd
CY2022 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
12036000 usd
CY2021 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
8684000 usd
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2150857 shares
CY2023 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
6.09
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2150857 shares
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
500000000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2021Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.035
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
32800000 usd
CY2023Q4 esrt Long Term Incentive Plan Units Stock Equivalent
LongTermIncentivePlanUnitsStockEquivalent
1 shares
CY2023Q4 esrt Conversion Rate For Long Term Incentive Plan Units To Operating Partnership Units
ConversionRateForLongTermIncentivePlanUnitsToOperatingPartnershipUnits
1
CY2023Q4 esrt Conversion Rate For Long Term Incentive Plan Units To Operating Partnership Units
ConversionRateForLongTermIncentivePlanUnitsToOperatingPartnershipUnits
1
CY2023Q4 esrt Percentageof Dividendson Common Stock Received Until Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedUntilPerformanceCriteriaMetforLTIPUnits
0.10
CY2023Q4 esrt Percentageof Dividendson Common Stock Received After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedAfterPerformanceCriteriaMetforLTIPUnits
0.90
CY2023Q4 esrt Percentageof Dividendson Common Stock Received In Periods After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedInPeriodsAfterPerformanceCriteriaMetforLTIPUnits
1
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.69
CY2023 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
7.17
CY2023 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
5.67
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
4.30
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
CY2023 us-gaap Profit Loss
ProfitLoss
84407000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
63212000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-13037000 usd
CY2023 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4201000 usd
CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4201000 usd
CY2021 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4201000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
68000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-243000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
340000 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
340000 usd
CY2023 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
80138000 usd
CY2023 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
80138000 usd
CY2022 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
59254000 usd
CY2022 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
59254000 usd
CY2021 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
-17578000 usd
CY2021 esrt Net Income Loss Excluding Portion Attributable To Noncontrolling Interest And Participating Securities Diluted
NetIncomeLossExcludingPortionAttributableToNoncontrollingInterestAndParticipatingSecuritiesDiluted
-17578000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
263226000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
268337000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277420000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2407000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1611000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265633000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
269948000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
277420000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1052390 shares
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
783000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
319000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
266000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
695000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
227000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
347000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1478000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
546000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
613000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
710000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
264000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1206000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
527000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
736000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1141000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1237000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1000000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2347000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2715000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1546000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1734000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.445
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.336
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260
CY2023 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 usd
CY2023 esrt Observatory Revenue
ObservatoryRevenue
129366000 usd
CY2023 esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
0 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1494000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
583000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-940000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1221000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
963000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-794000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2715000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1546000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1734000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
616000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
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