2019 Q3 Form 10-Q Financial Statement

#000162828019012920 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $192.9M $186.4M
YoY Change 3.47% -0.08%
Cost Of Revenue $86.60M $79.90M
YoY Change 8.39% 4.04%
Gross Profit $106.3M $106.5M
YoY Change -0.19% -2.92%
Gross Profit Margin 55.11% 57.13%
Selling, General & Admin $14.42M $13.15M
YoY Change 9.68% 1.93%
% of Gross Profit 13.57% 12.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.30M $42.40M
YoY Change 4.48% 10.13%
% of Gross Profit 41.67% 39.81%
Operating Expenses $147.6M $137.9M
YoY Change 7.06% 5.61%
Operating Profit $45.28M $48.54M
YoY Change -6.71% -13.34%
Interest Expense $19.43M $20.66M
YoY Change -5.96% 22.31%
% of Operating Profit 42.9% 42.56%
Other Income/Expense, Net
YoY Change
Pretax Income $28.12M $31.37M
YoY Change -10.34% -16.88%
Income Tax $1.338M $2.135M
% Of Pretax Income 4.76% 6.81%
Net Earnings $15.88M $16.34M
YoY Change -2.81% -13.1%
Net Earnings / Revenue 8.23% 8.77%
Basic Earnings Per Share $0.09 $0.10
Diluted Earnings Per Share $0.09 $0.10
COMMON SHARES
Basic Shares Outstanding 178.4M shares 167.7M shares
Diluted Shares Outstanding 298.2M shares 297.5M shares

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $293.7M $229.7M
YoY Change 27.86% -46.84%
Cash & Equivalents $293.7M $229.7M
Short-Term Investments
Other Short-Term Assets $41.90M $50.70M
YoY Change -17.36% 28.35%
Inventory
Prepaid Expenses
Receivables $29.30M $31.30M
Other Receivables $214.7M $195.5M
Total Short-Term Assets $579.6M $507.2M
YoY Change 14.27% 0.18%
LONG-TERM ASSETS
Property, Plant & Equipment $2.239B $2.107B
YoY Change 6.28% 6.62%
Goodwill $491.5M $491.5M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $400.0M
YoY Change -100.0%
Other Assets $260.3M $298.8M
YoY Change -12.88% -40.81%
Total Long-Term Assets $3.346B $3.660B
YoY Change -8.58% 9.48%
TOTAL ASSETS
Total Short-Term Assets $579.6M $507.2M
Total Long-Term Assets $3.346B $3.660B
Total Assets $3.925B $4.167B
YoY Change -5.8% 8.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $500.0K
YoY Change -100.0% -16.67%
Accrued Expenses $109.3M $96.00M
YoY Change 13.85% 2361.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $175.4M $139.0M
YoY Change 26.19% 167.82%
LONG-TERM LIABILITIES
Long-Term Debt $1.669B $1.919B
YoY Change -13.0% 21.64%
Other Long-Term Liabilities $140.2M $87.80M
YoY Change 59.68% -29.59%
Total Long-Term Liabilities $1.809B $2.007B
YoY Change -9.82% 17.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $175.4M $139.0M
Total Long-Term Liabilities $1.809B $2.007B
Total Liabilities $1.985B $2.177B
YoY Change -8.84% 15.9%
SHAREHOLDERS EQUITY
Retained Earnings $18.06M $37.00M
YoY Change -51.2% -20.31%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.222B $1.202B
YoY Change
Total Liabilities & Shareholders Equity $3.925B $4.167B
YoY Change -5.8% 8.26%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $15.88M $16.34M
YoY Change -2.81% -13.1%
Depreciation, Depletion And Amortization $44.30M $42.40M
YoY Change 4.48% 10.13%
Cash From Operating Activities $109.1M $77.70M
YoY Change 40.41% -5.82%
INVESTING ACTIVITIES
Capital Expenditures -$59.10M -$71.00M
YoY Change -16.76% 31.48%
Acquisitions
YoY Change
Other Investing Activities $150.0M $0.00
YoY Change
Cash From Investing Activities $90.90M -$71.00M
YoY Change -228.03% 31.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -283.1M -33.10M
YoY Change 755.29% -20.05%
NET CHANGE
Cash From Operating Activities 109.1M 77.70M
Cash From Investing Activities 90.90M -71.00M
Cash From Financing Activities -283.1M -33.10M
Net Change In Cash -83.10M -26.40M
YoY Change 214.77% 104.65%
FREE CASH FLOW
Cash From Operating Activities $109.1M $77.70M
Capital Expenditures -$59.10M -$71.00M
Free Cash Flow $168.2M $148.7M
YoY Change 13.11% 8.94%

Facts In Submission

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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Income Taxes Paid
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26516000 USD
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32059000 USD
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us-gaap Conversion Of Stock Amount Converted1
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29452000 USD
CY2019Q3 us-gaap Area Of Real Estate Property
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10100000 sqft
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6300000 USD
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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>
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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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CY2019Q3 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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CY2019Q3 us-gaap Derivative Liabilities
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4990000 USD
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CY2019Q3 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
143201000 USD
CY2018Q4 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
130676000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
19426000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
20658000 USD
us-gaap Interest Expense
InterestExpense
60712000 USD
us-gaap Interest Expense
InterestExpense
58774000 USD
CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
129030000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
380647000 USD
CY2019Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
21195000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
54066000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
150225000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
434713000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
124080000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
496805000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
477068000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
446300000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
419857000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1954810000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3918920000 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
CY2019Q3 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
29400000 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
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
29400000 USD
CY2019Q3 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P50Y9M18D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0449
us-gaap Operating Lease Payments
OperatingLeasePayments
1139000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
380000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1518000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1518000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1518000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1518000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
68298000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
74750000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
45395000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
29355000 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 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
CY2019Q3 esrt Unfunded Capital Expenditures
UnfundedCapitalExpenditures
144200000 USD
CY2019Q3 esrt Percentageof Dividendson Common Stock Received Until Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedUntilPerformanceCriteriaMetforLTIPUnits
0.10
CY2019Q3 esrt Percentageof Dividendson Common Stock Received After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedAfterPerformanceCriteriaMetforLTIPUnits
0.90
CY2019Q3 esrt Percentageof Dividendson Common Stock Received In Periods After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedInPeriodsAfterPerformanceCriteriaMetforLTIPUnits
1
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15882000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16342000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32646000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
42761000 USD
CY2019Q3 esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
28790000 USD
CY2018Q3 esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
22107000 USD
esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
54419000 USD
esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
74366000 USD
CY2019Q3 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
304256572 shares
CY2019Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18900000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
56100000 USD
CY2018Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17700000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
52500000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13000000.0 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
39600000 USD
CY2018Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
14100000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
42700000 USD
CY2019Q3 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
200000 USD
esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
700000 USD
CY2018Q3 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
200000 USD
esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
700000 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
7.34
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.72
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
CY2019Q3 us-gaap Profit Loss
ProfitLoss
26784000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
29230000 USD
us-gaap Profit Loss
ProfitLoss
55570000 USD
us-gaap Profit Loss
ProfitLoss
77472000 USD
CY2019Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
234000 USD
CY2018Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
234000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
702000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
702000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10668000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12654000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
22222000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
34009000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
13000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
10000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
33000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
26000 USD
CY2019Q3 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
15869000 USD
CY2018Q3 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
16332000 USD
esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
32613000 USD
esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
42735000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
26784000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
29230000 USD
us-gaap Profit Loss
ProfitLoss
55570000 USD
us-gaap Profit Loss
ProfitLoss
77472000 USD
CY2019Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
234000 USD
CY2018Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
234000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
702000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
702000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
13000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
10000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
33000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
26000 USD
CY2019Q3 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
26537000 USD
CY2018Q3 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
28986000 USD
esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
54835000 USD
esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
76744000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178352000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167657000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177428000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165613000 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
119799000 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
129821000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
120689000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
131567000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q3 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
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
298151000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
297478000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
298117000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
297181000 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
452457 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
288053 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
541947 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
458698 shares
CY2019Q3 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
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
150225000 USD
CY2019Q3 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 USD
CY2019Q3 esrt Observatory Revenue
ObservatoryRevenue
37575000 USD
CY2019Q3 esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
2361000 USD
CY2019Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
304000 USD
CY2019Q3 us-gaap Other Operating Income
OtherOperatingIncome
2408000 USD
CY2019Q3 us-gaap Revenues
Revenues
192873000 USD
CY2019Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
47894000 USD
CY2019Q3 esrt Intercompany Rent Expense
IntercompanyRentExpense
0 USD
CY2019Q3 esrt Ground Rent Expense
GroundRentExpense
2331000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14421000 USD
CY2019Q3 esrt Observatory Expense
ObservatoryExpense
9089000 USD
CY2019Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
29599000 USD
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
44260000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
147594000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
45279000 USD
CY2019Q3 us-gaap Investment Income Net
InvestmentIncomeNet
2269000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
19426000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28122000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1338000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
26784000 USD
CY2019Q3 us-gaap Assets
Assets
3925317000 USD
CY2019Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
61276000 USD
CY2018Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
123621000 USD
CY2018Q3 esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 USD
CY2018Q3 esrt Tenant Reimbursements1
TenantReimbursements1
18627000 USD
CY2018Q3 esrt Observatory Revenue
ObservatoryRevenue
40241000 USD
CY2018Q3 esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
1185000 USD
CY2018Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
312000 USD
CY2018Q3 us-gaap Other Operating Income
OtherOperatingIncome
2416000 USD
CY2018Q3 us-gaap Revenues
Revenues
186402000 USD
CY2018Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
42772000 USD
CY2018Q3 esrt Intercompany Rent Expense
IntercompanyRentExpense
0 USD
CY2018Q3 esrt Ground Rent Expense
GroundRentExpense
2331000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13148000 USD
CY2018Q3 esrt Observatory Expense
ObservatoryExpense
8854000 USD
CY2018Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
28284000 USD
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
42475000 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
137864000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
48538000 USD
CY2018Q3 us-gaap Investment Income Net
InvestmentIncomeNet
3485000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
20658000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31365000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2135000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
29230000 USD
CY2018Q3 us-gaap Assets
Assets
4166832000 USD
CY2018Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
67120000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
434713000 USD
esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 USD
esrt Observatory Revenue
ObservatoryRevenue
91039000 USD
esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
3112000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
955000 USD
us-gaap Other Operating Income
OtherOperatingIncome
6591000 USD
us-gaap Revenues
Revenues
536410000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
131076000 USD
esrt Intercompany Rent Expense
IntercompanyRentExpense
0 USD
esrt Ground Rent Expense
GroundRentExpense
6994000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
44445000 USD
esrt Observatory Expense
ObservatoryExpense
25024000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
86098000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
135179000 USD
us-gaap Operating Expenses
OperatingExpenses
428816000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
107594000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
9907000 USD
us-gaap Interest Expense
InterestExpense
60712000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56789000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1219000 USD
us-gaap Profit Loss
ProfitLoss
55570000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
181568000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
369970000 USD
esrt Intercompany Rental Revenue
IntercompanyRentalRevenue
0 USD
esrt Tenant Reimbursements1
TenantReimbursements1
52626000 USD
esrt Observatory Revenue
ObservatoryRevenue
96691000 USD
esrt Lease Termination Fees Revenue
LeaseTerminationFeesRevenue
2164000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1151000 USD
us-gaap Other Operating Income
OtherOperatingIncome
9600000 USD
us-gaap Revenues
Revenues
532202000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
126375000 USD
esrt Intercompany Rent Expense
IntercompanyRentExpense
0 USD
esrt Ground Rent Expense
GroundRentExpense
6994000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
39001000 USD
esrt Observatory Expense
ObservatoryExpense
23868000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
81771000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
121826000 USD
us-gaap Operating Expenses
OperatingExpenses
399835000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
132367000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
7209000 USD
us-gaap Interest Expense
InterestExpense
58774000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
80802000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3330000 USD
us-gaap Profit Loss
ProfitLoss
77472000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
190359000 USD

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esrt-20190930_cal.xml Edgar Link unprocessable
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