XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 9,325 7,989
Building and improvements 2,914,528 2,900,248
Commercial real estate properties, at cost 3,125,049 3,109,433
Less: accumulated depreciation (911,546) (862,534)
Commercial real estate properties, net 2,213,503 2,246,899
Cash and cash equivalents 872,970 233,946
Restricted cash 58,878 37,651
Tenant and other receivables 29,800 25,423
Deferred rent receivables 226,444 220,960
Prepaid expenses and other assets 68,109 65,453
Deferred costs, net 211,356 228,150
Acquired below-market ground leases, net 348,651 352,566
Right of use assets 29,205 29,307
Goodwill 491,479 491,479
Total assets 4,550,395 3,931,834
Liabilities:    
Mortgage notes payable, net 603,974 605,542
Senior unsecured notes, net 973,053 798,392
Unsecured term loan facilities, net 387,059 264,640
Unsecured revolving credit facility, net 546,778 0
Accounts payable and accrued expenses 104,992 143,786
Acquired below-market leases, net 35,170 39,679
Ground lease liabilities 29,205 29,307
Deferred revenue and other liabilities 62,996 72,015
Tenants’ security deposits 51,130 30,560
Total liabilities 2,794,357 1,983,921
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 1,166,451 1,232,433
Accumulated other comprehensive loss (31,874) (21,496)
Retained (deficit) earnings (56,089) 15,764
Total Empire State Realty Trust, Inc.'s stockholders' equity 1,080,221 1,228,520
Non-controlling interests in operating partnership 645,877 690,242
Total equity 1,756,038 1,947,913
Total liabilities and equity 4,550,395 3,931,834
Class A Common Stock    
Empire State Realty Trust, Inc. stockholders' equity:    
Common stock 1,723 1,809
Class B Common Stock    
Empire State Realty Trust, Inc. stockholders' equity:    
Common stock 10 10
Private Perpetual Preferred Units, Series 2019    
Empire State Realty Trust, Inc. stockholders' equity:    
Private perpetual preferred units, issued, value 21,936 21,147
Private Perpetual Preferred Units, Series 2014    
Empire State Realty Trust, Inc. stockholders' equity:    
Private perpetual preferred units, issued, value $ 8,004 $ 8,004