2021 Q4 Form 10-K Financial Statement

#000162828022003942 Filed on February 25, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $160.3M $624.1M $151.4M
YoY Change 5.9% 2.44% -22.33%
Cost Of Revenue $69.14M $270.2M $68.60M
YoY Change 0.78% -4.13% -16.85%
Gross Profit $91.20M $353.9M $82.80M
YoY Change 10.14% 8.1% -26.4%
Gross Profit Margin 56.88% 56.71% 54.69%
Selling, General & Admin $15.91M $55.95M $16.00M
YoY Change -0.56% -10.12% -15.79%
% of Gross Profit 17.45% 15.81% 19.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.47M $201.8M $47.40M
YoY Change -1.97% 5.65% 2.16%
% of Gross Profit 50.95% 57.02% 57.25%
Operating Expenses $62.38M $545.0M $63.40M
YoY Change -1.61% -1.02% -2.91%
Operating Profit $28.82M $79.13M $19.43M
YoY Change 48.36% 34.9% -58.77%
Interest Expense -$23.63M $94.39M -$22.90M
YoY Change 3.21% 4.99% 33.14%
% of Operating Profit -82.01% 119.29% -117.88%
Other Income/Expense, Net
YoY Change
Pretax Income -$2.537M -$14.77M -$3.500M
YoY Change -27.51% -50.53% -111.71%
Income Tax $1.537M -$1.734M -$4.200M
% Of Pretax Income
Net Earnings -$2.138M -$13.04M -$210.0K
YoY Change 918.1% -43.04% -101.25%
Net Earnings / Revenue -1.33% -2.09% -0.14%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$12.41K -$0.06 $4.657K
COMMON SHARES
Basic Shares Outstanding 172.4M shares
Diluted Shares Outstanding 277.4M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.7M $423.7M $526.7M
YoY Change -19.56% -19.56% 125.18%
Cash & Equivalents $423.7M $423.7M $526.7M
Short-Term Investments
Other Short-Term Assets $76.55M $76.55M $77.20M
YoY Change -0.84% -0.84% 17.86%
Inventory
Prepaid Expenses
Receivables $18.65M $18.65M $21.50M
Other Receivables $224.9M $224.9M $222.5M
Total Short-Term Assets $743.8M $743.8M $847.9M
YoY Change -12.28% -12.28% 55.35%
LONG-TERM ASSETS
Property, Plant & Equipment $2.457B $2.457B $2.222B
YoY Change 10.6% 10.6% -2.4%
Goodwill $491.5M $491.5M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $253.4M $253.4M $245.1M
YoY Change 3.38% 3.38% -7.79%
Total Long-Term Assets $3.539B $3.539B $3.303B
YoY Change 7.14% 7.14% -2.46%
TOTAL ASSETS
Total Short-Term Assets $743.8M $743.8M $847.9M
Total Long-Term Assets $3.539B $3.539B $3.303B
Total Assets $4.282B $4.282B $4.151B
YoY Change 3.17% 3.17% 5.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.131M $1.131M $800.0K
YoY Change 41.38% 41.38% 0.0%
Accrued Expenses $81.60M $81.60M $90.40M
YoY Change -9.74% -9.74% -27.04%
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 $111.5M $111.5M $153.1M
YoY Change -27.19% -27.19% -19.25%
LONG-TERM LIABILITIES
Long-Term Debt $2.310B $2.310B $2.137B
YoY Change 8.13% 8.13% 28.05%
Other Long-Term Liabilities $134.6M $134.6M $128.9M
YoY Change 4.43% 4.43% 3.12%
Total Long-Term Liabilities $2.445B $2.445B $2.266B
YoY Change 7.92% 7.92% 26.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $111.5M $111.5M $153.1M
Total Long-Term Liabilities $2.445B $2.445B $2.266B
Total Liabilities $2.598B $3.254B $2.419B
YoY Change 7.39% 6.16% 21.95%
SHAREHOLDERS EQUITY
Retained Earnings -$133.6M -$65.67M
YoY Change 103.45% -516.6%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $998.1M $1.028B $1.055B
YoY Change
Total Liabilities & Shareholders Equity $4.282B $4.282B $4.151B
YoY Change 3.17% 3.17% 5.57%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$2.138M -$13.04M -$210.0K
YoY Change 918.1% -43.04% -101.25%
Depreciation, Depletion And Amortization $46.47M $201.8M $47.40M
YoY Change -1.97% 5.65% 2.16%
Cash From Operating Activities $45.46M $212.5M $18.70M
YoY Change 143.1% 16.56% -45.32%
INVESTING ACTIVITIES
Capital Expenditures -$141.9M -$212.6M -$31.10M
YoY Change 356.14% 48.55% -48.68%
Acquisitions
YoY Change
Other Investing Activities -$124.0K -$165.0K $1.300M
YoY Change -109.54%
Cash From Investing Activities -$142.0M -$212.7M -$29.70M
YoY Change 378.05% 48.65% -50.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $46.70M
YoY Change -67.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -49.81M -$93.05M 151.0M
YoY Change -132.98% -136.18% -566.05%
NET CHANGE
Cash From Operating Activities 45.46M $212.5M 18.70M
Cash From Investing Activities -142.0M -$212.7M -29.70M
Cash From Financing Activities -49.81M -$93.05M 151.0M
Net Change In Cash -146.3M -$93.30M 140.0M
YoY Change -204.52% -131.48% -338.1%
FREE CASH FLOW
Cash From Operating Activities $45.46M $212.5M $18.70M
Capital Expenditures -$141.9M -$212.6M -$31.10M
Free Cash Flow $187.3M $425.1M $49.80M
YoY Change 276.14% 30.63% -47.47%

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CY2021 esrt Noncash Change In Operating Lease Liability
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0 USD
CY2020 esrt Noncash Change In Operating Lease Liability
NoncashChangeInOperatingLeaseLiability
0 USD
CY2019 esrt Noncash Change In Operating Lease Liability
NoncashChangeInOperatingLeaseLiability
29452000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
177453000 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2021 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
13269000 USD
CY2020 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
0 USD
CY2019 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
0 USD
CY2021Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
10100000 sqft
CY2021Q4 esrt Numberof Entitiestobe Treatedas Taxable Reit Subsidiary
NumberofEntitiestobeTreatedasTaxableREITSubsidiary
2 entity
CY2021 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 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.
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
900000 USD
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
800000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
7900000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
7400000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
9700000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1400000 USD
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
211189000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
203905000 USD
CY2021Q4 esrt Deferred Costs Gross
DeferredCostsGross
410969000 USD
CY2020Q4 esrt Deferred Costs Gross
DeferredCostsGross
425639000 USD
CY2021Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
215764000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
223918000 USD
CY2021Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
195205000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
201721000 USD
CY2021 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
28600000 USD
CY2020 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
24800000 USD
CY2019 esrt Amortization Of Deferred Costs Leasing
AmortizationOfDeferredCostsLeasing
24500000 USD
CY2021Q4 esrt Below Market Ground Lease Gross
BelowMarketGroundLeaseGross
396916000 USD
CY2020Q4 esrt Below Market Ground Lease Gross
BelowMarketGroundLeaseGross
396916000 USD
CY2021Q4 esrt Below Market Ground Lease Accumulated Amortization
BelowMarketGroundLeaseAccumulatedAmortization
60012000 USD
CY2020Q4 esrt Below Market Ground Lease Accumulated Amortization
BelowMarketGroundLeaseAccumulatedAmortization
52181000 USD
CY2021Q4 esrt Below Market Ground Lease Net
BelowMarketGroundLeaseNet
336904000 USD
CY2020Q4 esrt Below Market Ground Lease Net
BelowMarketGroundLeaseNet
344735000 USD
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
65403000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
78451000 USD
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
40462000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
46746000 USD
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
24941000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
31705000 USD
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-5900000 USD
CY2020 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-3600000 USD
CY2019 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-7300000 USD
CY2021Q4 esrt Aboveand Below Market Lease Net Amortization Income Next Twelve Months
AboveandBelowMarketLeaseNetAmortizationIncomeNextTwelveMonths
4858000 USD
CY2021Q4 esrt Aboveand Below Market Lease Net Amortization Income Year Two
AboveandBelowMarketLeaseNetAmortizationIncomeYearTwo
2737000 USD
CY2021Q4 esrt Aboveand Below Market Lease Net Amortization Income Year Three
AboveandBelowMarketLeaseNetAmortizationIncomeYearThree
2172000 USD
CY2021Q4 esrt Aboveand Below Market Lease Net Amortization Income Year Four
AboveandBelowMarketLeaseNetAmortizationIncomeYearFour
2121000 USD
CY2021Q4 esrt Aboveand Below Market Lease Net Amortization Income Year Five
AboveandBelowMarketLeaseNetAmortizationIncomeYearFive
1236000 USD
CY2021Q4 esrt Aboveand Below Market Lease Net Amortization Incomeafter Year Five
AboveandBelowMarketLeaseNetAmortizationIncomeafterYearFive
1510000 USD
CY2021Q4 esrt Aboveand Below Market Lease Net
AboveandBelowMarketLeaseNet
14634000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
491500000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Next Twelve Months Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinNextTwelveMonthsPortionAttributabletoAmortization
7689000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Next Twelve Months Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinNextTwelveMonthsPrincipalMaturities
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7689000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Two Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearTwoPortionAttributabletoAmortization
10130000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Two Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearTwoPrincipalMaturities
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10130000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Three Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearThreePortionAttributabletoAmortization
10424000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Three Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearThreePrincipalMaturities
77675000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
88099000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Four Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFourPortionAttributabletoAmortization
8523000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Four Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFourPrincipalMaturities
315000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
323523000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Five Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFivePortionAttributabletoAmortization
9030000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principalin Year Five Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFivePrincipalMaturities
225000000 USD
CY2021Q4 esrt Long Term Debt Maturities Repayments Of Principal After Year Five Portion Attributable To Amortization
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFivePortionAttributableToAmortization
39968000 USD
CY2021Q4 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
120810000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
234030000 USD
CY2021Q4 esrt Long Term Debt Maturities Repayments Of Principal After Year Five Principal Maturities
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFivePrincipalMaturities
1630354000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1670322000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principal Portion Attributableto Amortization
LongtermDebtMaturitiesRepaymentsofPrincipalPortionAttributabletoAmortization
85764000 USD
CY2021Q4 esrt Longterm Debt Maturities Repaymentsof Principal Principal Maturities
LongtermDebtMaturitiesRepaymentsofPrincipalPrincipalMaturities
2248029000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2333793000 USD
CY2021Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
44637000 USD
CY2020Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
35365000 USD
CY2021Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
22525000 USD
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
17998000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
22112000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
17367000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4500000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4100000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3800000 USD
CY2021Q4 esrt Accrued Liabilities Capital Expenditures
AccruedLiabilitiesCapitalExpenditures
49247000 USD
CY2020Q4 esrt Accrued Liabilities Capital Expenditures
AccruedLiabilitiesCapitalExpenditures
58057000 USD
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
41664000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
32309000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
25308000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
8849000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3460000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3219000 USD
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1131000 USD
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
769000 USD
CY2020Q4 esrt Accounts Payableand Accrued Expenses
AccountsPayableandAccruedExpenses
103203000 USD
CY2021 us-gaap Interest Expense
InterestExpense
94394000 USD
CY2020 us-gaap Interest Expense
InterestExpense
89907000 USD
CY2019 us-gaap Interest Expense
InterestExpense
79246000 USD
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
500847000 USD
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
496515000 USD
CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
510799000 USD
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
58843000 USD
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
66556000 USD
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
75615000 USD
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
559690000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
563071000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
586414000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
485549000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
479215000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
445548000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
408787000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
367554000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1634308000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3820961000 USD
CY2021Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28900000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28900000 USD
CY2021Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P48Y4M24D
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1518000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1518000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1518000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1518000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1518000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
63744000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
71334000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
42442000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28892000 USD
CY2021Q4 esrt Unfunded Capital Expenditures
UnfundedCapitalExpenditures
109600000 USD
CY2021 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
8684000 USD
CY2020 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
9672000 USD
CY2019 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
14114000 USD
CY2021 esrt Operating Partnership Unit Redemptionfor Cash Term
OperatingPartnershipUnitRedemptionforCashTerm
P1Y
CY2021Q4 esrt Operating Partnership Unit Exchange Ratio To Common Stock
OperatingPartnershipUnitExchangeRatioToCommonStock
1
CY2021Q4 esrt Conversion Rate For Long Term Incentive Plan Units To Operating Partnership Units
ConversionRateForLongTermIncentivePlanUnitsToOperatingPartnershipUnits
1
CY2021Q4 esrt Conversion Rate For Long Term Incentive Plan Units To Operating Partnership Units
ConversionRateForLongTermIncentivePlanUnitsToOperatingPartnershipUnits
1
CY2021Q4 esrt Percentageof Dividendson Common Stock Received Until Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedUntilPerformanceCriteriaMetforLTIPUnits
0.10
CY2021Q4 esrt Percentageof Dividendson Common Stock Received After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedAfterPerformanceCriteriaMetforLTIPUnits
0.90
CY2021Q4 esrt Percentageof Dividendson Common Stock Received In Periods After Performance Criteria Metfor Ltip Units
PercentageofDividendsonCommonStockReceivedInPeriodsAfterPerformanceCriteriaMetforLTIPUnits
1
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10711000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16712000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49445000 USD
CY2021 esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
-327000 USD
CY2020 esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
13458000 USD
CY2019 esrt Net Income Loss Availableto Common Stockholders Adjustedfor Conversionof Convertible Unitsand Transfersfrom Noncontrolling Interest
NetIncomeLossAvailabletoCommonStockholdersAdjustedforConversionofConvertibleUnitsandTransfersfromNoncontrollingInterest
77185000 USD
CY2021Q4 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
281200000 shares
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4886932 shares
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.56
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4886932 shares
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
453296000 USD
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
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.105
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.105
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.105
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.105
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.105
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.105
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18100000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
37200000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
75200000 USD
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10500000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
23700000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
50800000 USD
CY2021 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
4200000 USD
CY2020 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
4200000 USD
CY2019 esrt Paymentsof Private Perpetual Preferred Units Distributions
PaymentsofPrivatePerpetualPreferredUnitsDistributions
1700000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.105
CY2021 esrt Common Stock Dividends Per Share Percent Taxableas Ordinary Dividends
CommonStockDividendsPerSharePercentTaxableasOrdinaryDividends
0.162
CY2021 esrt Common Stock Dividends Per Share Percent Returnon Capital
CommonStockDividendsPerSharePercentReturnonCapital
0.838
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2020 esrt Common Stock Dividends Per Share Percent Taxableas Ordinary Dividends
CommonStockDividendsPerSharePercentTaxableasOrdinaryDividends
1
CY2020 esrt Common Stock Dividends Per Share Percent Returnon Capital
CommonStockDividendsPerSharePercentReturnonCapital
0
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2019 esrt Common Stock Dividends Per Share Percent Taxableas Ordinary Dividends
CommonStockDividendsPerSharePercentTaxableasOrdinaryDividends
0.314
CY2019 esrt Common Stock Dividends Per Share Percent Returnon Capital
CommonStockDividendsPerSharePercentReturnonCapital
0.686
CY2021 esrt Share Based Payment Arrangement By Share Based Payment Award Retirement Age
ShareBasedPaymentArrangementByShareBasedPaymentAwardRetirementAge
P60Y
CY2020Q1 esrt Share Based Payment Arrangement By Share Based Payment Award Retirement Age
ShareBasedPaymentArrangementByShareBasedPaymentAwardRetirementAge
P60Y
CY2020Q2 esrt Share Based Payment Arrangement By Share Based Payment Award Retirement Age
ShareBasedPaymentArrangementByShareBasedPaymentAwardRetirementAge
P65Y
CY2021 esrt Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Volatility Rate Look Back Period
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateLookBackPeriod
P6Y
CY2021 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-6527000 USD
CY2020 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-10374000 USD
CY2019 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
33102000 USD
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
26000 USD
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
60000 USD
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
45000 USD
CY2021 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
-10737000 USD
CY2020 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
-16772000 USD
CY2019 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Basic
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesBasic
49400000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-13037000 USD
CY2021 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
-17264000 USD
CY2020 esrt Net Income Loss Excluding Portion Attributableto Noncontrolling Interestand Participating Securities Diluted
NetIncomeLossExcludingPortionAttributabletoNoncontrollingInterestandParticipatingSecuritiesDiluted
-27146000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.94
CY2021 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
11.54
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