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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,987 7,987
Building and improvements 2,727,497 2,675,303
Commercial real estate properties, at cost, gross 2,936,680 2,884,486
Less: accumulated depreciation (777,794) (747,304)
Commercial real estate properties, net 2,158,886 2,137,182
Cash and cash equivalents 242,910 204,981
Restricted cash 61,766 65,832
Short-term investments 350,000 400,000
Tenant and other receivables, net of allowance of $488 as of December 31, 2018 22,052 29,437
Deferred rent receivables, net of allowance $19 as of December 31, 2018 206,307 200,903
Prepaid expenses and other assets 37,766 64,345
Deferred costs, net 233,382 241,223
Acquired below-market ground leases, net 358,440 360,398
Right of use assets 29,452  
Goodwill 491,479 491,479
Total assets 4,192,440 4,195,780
Liabilities:    
Mortgage notes payable, net 607,823 608,567
Senior unsecured notes, net 1,047,078 1,046,219
Unsecured term loan facility, net 264,271 264,147
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 127,986 130,676
Acquired below-market leases, net 48,731 52,450
Ground lease liabilities 29,452  
Deferred revenue and other liabilities 43,339 44,810
Tenants’ security deposits 56,559 57,802
Total liabilities 2,225,239 2,204,671
Commitments and contingencies
Empire State Realty Trust, Inc. stockholders' equity:    
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, none issued or outstanding 0 0
Additional paid-in capital 1,207,386 1,204,075
Accumulated other comprehensive loss (13,130) (8,853)
Retained earnings 28,668 41,511
Total Empire State Realty Trust, Inc.'s stockholders' equity 1,224,689 1,238,482
Non-controlling interests in operating partnership 734,508 744,623
Private perpetual preferred units, $16.62 per unit liquidation preference, 1,560,360 issued and outstanding in 2019 and 2018 8,004 8,004
Total equity 1,967,201 1,991,109
Total liabilities and equity 4,192,440 4,195,780
Class A Common Stock    
Empire State Realty Trust, Inc. stockholders' equity:    
Common stock 1,755 1,739
Class B Common Stock    
Empire State Realty Trust, Inc. stockholders' equity:    
Common stock $ 10 $ 10