2019 Q2 Form 10-Q Financial Statement

#000162828019009367 Filed on July 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $176.2M $178.5M
YoY Change -1.28% 1.24%
Cost Of Revenue $76.90M $73.80M
YoY Change 4.2% 5.13%
Gross Profit $99.40M $104.7M
YoY Change -5.06% -0.76%
Gross Profit Margin 56.4% 58.65%
Selling, General & Admin $16.00M $13.23M
YoY Change 20.97% 5.14%
% of Gross Profit 16.09% 12.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.80M $39.50M
YoY Change 13.42% -2.71%
% of Gross Profit 45.07% 37.73%
Operating Expenses $140.0M $128.9M
YoY Change 8.65% 2.53%
Operating Profit $36.24M $49.67M
YoY Change -27.03% -1.96%
Interest Expense $20.60M $20.53M
YoY Change 0.35% 17.44%
% of Operating Profit 56.84% 41.33%
Other Income/Expense, Net
YoY Change
Pretax Income $19.54M $31.64M
YoY Change -38.24% -6.71%
Income Tax $611.0K $1.455M
% Of Pretax Income 3.13% 4.6%
Net Earnings $11.09M $16.65M
YoY Change -33.42% 0.4%
Net Earnings / Revenue 6.29% 9.33%
Basic Earnings Per Share $0.06 $0.10
Diluted Earnings Per Share $0.06 $0.10
COMMON SHARES
Basic Shares Outstanding 176.8M shares 165.3M shares
Diluted Shares Outstanding 298.1M shares 297.2M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $375.3M $251.8M
YoY Change 49.05% -42.9%
Cash & Equivalents $375.3M $251.8M
Short-Term Investments
Other Short-Term Assets $60.80M $64.70M
YoY Change -6.03% 18.5%
Inventory
Prepaid Expenses
Receivables $31.30M $21.60M
Other Receivables $209.5M $190.4M
Total Short-Term Assets $676.9M $528.5M
YoY Change 28.08% 1.71%
LONG-TERM ASSETS
Property, Plant & Equipment $2.214B $2.073B
YoY Change 6.79% 6.25%
Goodwill $491.5M $491.5M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $150.0M $400.0M
YoY Change -62.5%
Other Assets $266.8M $305.5M
YoY Change -12.67% -38.52%
Total Long-Term Assets $3.479B $3.634B
YoY Change -4.28% 9.75%
TOTAL ASSETS
Total Short-Term Assets $676.9M $528.5M
Total Long-Term Assets $3.479B $3.634B
Total Assets $4.156B $4.163B
YoY Change -0.18% 8.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $700.0K $700.0K
YoY Change 0.0% 40.0%
Accrued Expenses $109.3M $101.6M
YoY Change 7.58% 1973.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $142.4M $145.1M
YoY Change -1.86% 163.34%
LONG-TERM LIABILITIES
Long-Term Debt $1.919B $1.919B
YoY Change 0.05% 21.46%
Other Long-Term Liabilities $117.4M $88.50M
YoY Change 32.66% -21.96%
Total Long-Term Liabilities $2.037B $2.007B
YoY Change 1.48% 18.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $142.4M $145.1M
Total Long-Term Liabilities $2.037B $2.007B
Total Liabilities $2.208B $2.180B
YoY Change 1.27% 16.74%
SHAREHOLDERS EQUITY
Retained Earnings $21.08M $38.39M
YoY Change -45.08% -13.45%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.216B $1.195B
YoY Change
Total Liabilities & Shareholders Equity $4.156B $4.163B
YoY Change -0.18% 8.66%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $11.09M $16.65M
YoY Change -33.42% 0.4%
Depreciation, Depletion And Amortization $44.80M $39.50M
YoY Change 13.42% -2.71%
Cash From Operating Activities $11.40M $41.10M
YoY Change -72.26% 30.89%
INVESTING ACTIVITIES
Capital Expenditures -$69.40M -$54.50M
YoY Change 27.34% -3.71%
Acquisitions
YoY Change
Other Investing Activities $200.0M -$400.0M
YoY Change -150.0%
Cash From Investing Activities $130.6M -$454.5M
YoY Change -128.73% 704.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.700M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.20M -28.30M
YoY Change 17.31% -53.45%
NET CHANGE
Cash From Operating Activities 11.40M 41.10M
Cash From Investing Activities 130.6M -454.5M
Cash From Financing Activities -33.20M -28.30M
Net Change In Cash 108.8M -441.7M
YoY Change -124.63% 414.2%
FREE CASH FLOW
Cash From Operating Activities $11.40M $41.10M
Capital Expenditures -$69.40M -$54.50M
Free Cash Flow $80.80M $95.60M
YoY Change -15.48% 8.64%

Facts In Submission

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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid
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us-gaap Conversion Of Stock Amount Converted1
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us-gaap Conversion Of Stock Amount Converted1
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25845000 USD
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29452000 USD
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29452000 USD
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10100000 sqft
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
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0.584
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2200000 USD
us-gaap Use Of Estimates
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<div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">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 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. </span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2019Q2 us-gaap Deferred Costs Leasing Gross
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5900000 USD
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12100000 USD
us-gaap Amortization Of Deferred Leasing Fees
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12100000 USD
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396916000 USD
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396916000 USD
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us-gaap Amortization Of Above And Below Market Leases
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us-gaap Amortization Of Above And Below Market Leases
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CY2019Q2 us-gaap Goodwill
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25315000 USD
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
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InterestPayableCurrentAndNoncurrent
4990000 USD
CY2019Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
720000 USD
CY2018Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
616000 USD
CY2019Q2 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
131842000 USD
CY2018Q4 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
130676000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
20597000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
20525000 USD
us-gaap Interest Expense
InterestExpense
41286000 USD
us-gaap Interest Expense
InterestExpense
38116000 USD
CY2019Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
125036000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
251617000 USD
CY2019Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
16035000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
32871000 USD
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
141071000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
284488000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
246833000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
490405000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
465564000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
434808000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
407236000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1862936000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3907782000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
485441000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
460127000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
423365000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
391395000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
362738000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
1536461000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
3659527000 USD
CY2019Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
29400000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
29400000 USD
CY2019Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P50Y9M18D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0449
us-gaap Operating Lease Payments
OperatingLeasePayments
759000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
759000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1518000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1518000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1518000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1518000 USD
CY2018Q2 us-gaap Revenues
Revenues
178529000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
68298000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
75129000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
45725000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
29404000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1518000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1518000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1518000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1518000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1518000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
68298000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
75888000 USD
CY2019Q2 esrt Unfunded Capital Expenditures
UnfundedCapitalExpenditures
93900000 USD
CY2019Q2 esrt Percentageof Dividendson Common Stock Received Until Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedUntilPerformanceCriteriaMetforLTIPUnits
0.10
CY2019Q2 esrt Percentageof Dividendson Common Stock Received After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedAfterPerformanceCriteriaMetforLTIPUnits
0.90
CY2019Q2 esrt Percentageof Dividendson Common Stock Received In Periods After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedInPeriodsAfterPerformanceCriteriaMetforLTIPUnits
1
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11087000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16651000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16764000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26419000 USD
CY2019Q2 esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
16681000 USD
CY2018Q2 esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
32329000 USD
esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
25629000 USD
esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
52259000 USD
CY2019Q2 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
304891781 shares
CY2019Q2 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
178020905 shares
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.584
CY2019Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
126870876 shares
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
0.416
CY2019Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18700000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
37200000 USD
CY2018Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17600000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
34800000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13300000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
26500000 USD
CY2018Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
14300000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
28600000 USD
CY2019Q2 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
200000 USD
esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
500000 USD
CY2018Q2 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
200000 USD
esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
500000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.68
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
15.98
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
9.55
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
7.11
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.54
esrt Sharebased Payment Arrangementby Sharebased Payment Award Equity Otherthan Options Vesting Threshold Ageof Grantee
SharebasedPaymentArrangementbySharebasedPaymentAwardEquityOtherthanOptionsVestingThresholdAgeofGrantee
P60Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P10Y
CY2019Q2 us-gaap Profit Loss
ProfitLoss
18930000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
30184000 USD
us-gaap Profit Loss
ProfitLoss
28786000 USD
us-gaap Profit Loss
ProfitLoss
48242000 USD
CY2019Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
234000 USD
CY2018Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
234000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
468000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
468000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7609000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13299000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
11554000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21355000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
13000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
10000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
20000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
16000 USD
CY2019Q2 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
11074000 USD
CY2018Q2 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
16641000 USD
esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
16744000 USD
esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
26403000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
18930000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
30184000 USD
us-gaap Profit Loss
ProfitLoss
28786000 USD
us-gaap Profit Loss
ProfitLoss
48242000 USD
CY2019Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
234000 USD
CY2018Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
234000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
468000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
468000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
13000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
10000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
20000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
16000 USD
CY2019Q2 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
18683000 USD
CY2018Q2 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
29940000 USD
esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
28298000 USD
esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
47758000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176796000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165256000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176495000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164311000 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
121335000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
131988000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
121605000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
132717000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
298131000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
297244000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
298100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
297029000 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
411019 shares
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
414801 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
417074 shares
CY2019Q2 esrt Numberof Directors General Partnerin Investment Fund Owning More Than10 Economicand Voting Interestin Tenant
NumberofDirectorsGeneralPartnerinInvestmentFundOwningMoreThan10EconomicandVotingInterestinTenant
1 director
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
141071000 USD
CY2019Q2 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 USD
CY2019Q2 esrt Observatory Revenue
ObservatoryRevenue
32895000 USD
CY2019Q2 esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
363000 USD
CY2019Q2 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
331000 USD
CY2019Q2 us-gaap Other Operating Income
OtherOperatingIncome
1584000 USD
CY2019Q2 us-gaap Revenues
Revenues
176244000 USD
CY2019Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
40227000 USD
CY2019Q2 esrt Intercompany Rent Expense
IntercompanyRentExpense
0 USD
CY2019Q2 esrt Ground Rent Expense
GroundRentExpense
2332000 USD
CY2019Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15998000 USD
CY2019Q2 esrt Observatory Expense
ObservatoryExpense
8360000 USD
CY2019Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
28267000 USD
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
44821000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
140005000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
36239000 USD
CY2019Q2 us-gaap Investment Income Net
InvestmentIncomeNet
3899000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
20597000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19541000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
611000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
18930000 USD
CY2019Q2 us-gaap Assets
Assets
4155575000 USD
CY2019Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
61972000 USD
CY2018Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
124038000 USD
CY2018Q2 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 USD
CY2018Q2 esrt Tenant Reimbursements1
TenantReimbursements1
16205000 USD
CY2018Q2 esrt Observatory Revenue
ObservatoryRevenue
35201000 USD
CY2018Q2 esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
357000 USD
CY2018Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
39418000 USD
CY2018Q2 esrt Intercompany Rent Expense
IntercompanyRentExpense
0 USD
CY2018Q2 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
376000 USD
CY2018Q2 us-gaap Other Operating Income
OtherOperatingIncome
2352000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
839000 USD
us-gaap Other Operating Income
OtherOperatingIncome
7184000 USD
CY2018Q2 esrt Ground Rent Expense
GroundRentExpense
2332000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13225000 USD
CY2018Q2 esrt Observatory Expense
ObservatoryExpense
7678000 USD
CY2018Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
26743000 USD
CY2018Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
39468000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
128864000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
49665000 USD
CY2018Q2 us-gaap Investment Income Net
InvestmentIncomeNet
2499000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
20525000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31639000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1455000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
30184000 USD
CY2018Q2 us-gaap Assets
Assets
4162905000 USD
CY2018Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
76889000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
284488000 USD
esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 USD
esrt Observatory Revenue
ObservatoryRevenue
53464000 USD
esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
751000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
651000 USD
us-gaap Other Operating Income
OtherOperatingIncome
4183000 USD
us-gaap Revenues
Revenues
343537000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
83182000 USD
esrt Intercompany Rent Expense
IntercompanyRentExpense
0 USD
esrt Ground Rent Expense
GroundRentExpense
4663000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30024000 USD
esrt Observatory Expense
ObservatoryExpense
15935000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
56499000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
90919000 USD
us-gaap Operating Expenses
OperatingExpenses
281222000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
62315000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
7638000 USD
us-gaap Interest Expense
InterestExpense
41286000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28667000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-119000 USD
us-gaap Profit Loss
ProfitLoss
28786000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
120292000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
246349000 USD
esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 USD
esrt Tenant Reimbursements1
TenantReimbursements1
33999000 USD
esrt Observatory Revenue
ObservatoryRevenue
56450000 USD
esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
979000 USD
us-gaap Revenues
Revenues
345800000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
83603000 USD
esrt Intercompany Rent Expense
IntercompanyRentExpense
0 USD
esrt Ground Rent Expense
GroundRentExpense
4663000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25853000 USD
esrt Observatory Expense
ObservatoryExpense
15014000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
53487000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
79351000 USD
us-gaap Operating Expenses
OperatingExpenses
261971000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
83829000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
3724000 USD
us-gaap Interest Expense
InterestExpense
38116000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
49437000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1195000 USD
us-gaap Profit Loss
ProfitLoss
48242000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
123239000 USD

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