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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,989 7,987
Building and improvements 2,830,353 2,675,303
Commercial real estate properties, at cost 3,039,538 2,884,486
Less: accumulated depreciation (829,495) (747,304)
Commercial real estate properties, net 2,210,043 2,137,182
Cash and cash equivalents 293,710 204,981
Restricted cash 36,609 65,832
Short-term investments 0 400,000
Tenant and other receivables, net of allowance of $488 as of December 31, 2018 29,287 29,437
Deferred rent receivables, net of allowance of $19 as of December 31, 2018 214,685 200,903
Prepaid expenses and other assets 41,927 64,345
Deferred costs, net 223,698 241,223
Acquired below-market ground leases, net 354,524 360,398
Right of use assets 29,355  
Goodwill 491,479 491,479
Total assets 3,925,317 4,195,780
Liabilities:    
Mortgage notes payable, net 606,313 608,567
Senior unsecured notes, net 798,347 1,046,219
Unsecured term loan facility, net 264,517 264,147
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 143,201 130,676
Acquired below-market leases, net 42,655 52,450
Ground lease liabilities 29,355  
Deferred revenue and other liabilities 68,742 44,810
Tenants’ security deposits 31,841 57,802
Total liabilities 1,984,971 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 1,226,269 1,204,075
Accumulated other comprehensive loss (24,110) (8,853)
Retained earnings 18,059 41,511
Total Empire State Realty Trust, Inc.'s stockholders' equity 1,222,019 1,238,482
Non-controlling interests in operating partnership 710,323 744,623
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 1,940,346 1,991,109
Total liabilities and equity 3,925,317 4,195,780
Class A Common Stock    
Common stock 1,791 1,739
Class B Common Stock    
Common stock $ 10 $ 10