v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
2025 Pay Versus Performance
​
The Pay Versus Performance Table below discloses the relationship between the compensation actually paid to our NEOs and the company’s financial performance during the year ended December 31, 2025.
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Value of Initial Fixed $100
Investment Based on:
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Year
​ ​
Summary
Compensation
Table Total
for Principal
Executive Officer
(“PEO”)(1)
($)
 ​ ​
Compensation
Actually
Paid to PEO(2)
($)
 ​ ​
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(3)
($)
 ​ ​
Average
Compensation
Actually Paid to
Non-PEO
NEOs(4)
($)
 ​ ​
ESRT Total
Shareholder
Return(5)
($)
 ​ ​
Peer Group
Total
Shareholder
Return
(NAREIT Office)(5)
($)
 ​ ​
Net Income
(Loss)
(in thousands)
($)
 ​ ​
Core FFO
Per Share(6)
($)
 ​
2025 ​ ​ ​ ​ 12,669,394 ​ ​ ​ ​ ​ 2,656,378 ​ ​ ​ ​ ​ 4,396,685 ​ ​ ​ ​ ​ 1,078,047 ​ ​ ​ ​ ​ 75.69 ​ ​ ​ ​ ​ 81.14 ​ ​ ​ ​ ​ 72,980 ​ ​ ​ ​ ​ 0.87 ​ ​
2024 ​ ​ ​ ​ 13,191,601 ​ ​ ​ ​ ​ 17,603,573 ​ ​ ​ ​ ​ 4,679,543 ​ ​ ​ ​ ​ 6,029,418 ​ ​ ​ ​ ​ 117.69 ​ ​ ​ ​ ​ 94.34 ​ ​ ​ ​ ​ 80,359 ​ ​ ​ ​ ​ 0.95 ​ ​
2023 ​ ​ ​ ​ 8,963,424 ​ ​ ​ ​ ​ 20,787,135 ​ ​ ​ ​ ​ 4,707,746 ​ ​ ​ ​ ​ 9,158,021 ​ ​ ​ ​ ​ 108.98 ​ ​ ​ ​ ​ 77.65 ​ ​ ​ ​ ​ 84,407 ​ ​ ​ ​ ​ 0.93 ​ ​
2022 ​ ​ ​ ​ 8,392,821 ​ ​ ​ ​ ​ 6,473,345 ​ ​ ​ ​ ​ 3,420,528 ​ ​ ​ ​ ​ 2,733,802 ​ ​ ​ ​ ​ 74.46 ​ ​ ​ ​ ​ 76.10 ​ ​ ​ ​ ​ 63,212 ​ ​ ​ ​ ​ 0.90 ​ ​
2021 ​ ​ ​ ​ 7,920,132 ​ ​ ​ ​ ​ 1,265,781 ​ ​ ​ ​ ​ 3,080,479 ​ ​ ​ ​ ​ 1,421,646 ​ ​ ​ ​ ​ 96.47 ​ ​ ​ ​ ​ 122.00 ​ ​ ​ ​ ​ (13,037) ​ ​ ​ ​ ​ 0.70 ​ ​
​
(1)
Summary Compensation Table Total for PEO — The amounts in this column are the amounts of total compensation reported in the “Total” column of the Summary Compensation Table for Mr. Malkin, our Chairman and CEO, for the covered years.
​
(2)
Compensation Actually Paid to PEO — The amounts in this column represent “compensation actually paid” to Mr. Malkin. To calculate “compensation actually paid” we are required by SEC rules to include various adjustments to the amounts that have been reported in the “Total” column of the Summary Compensation Table for 2025 and previous years. Each of the amounts deducted and added to the amount reported in the “Total” column of the Summary Compensation table for Mr. Malkin for the applicable year are described in the columns of the below two tables:
​
Year
​ ​
Summary Compensation
Table Total for PEO
($)
 ​ ​
Grant Date Fair Value
of Equity Awards
Granted During
Applicable Year(a)
($)
 ​ ​
Total Equity
Award
Adjustments
for PEO(b)
($)
 ​ ​
Compensation
Actually Paid
to PEO
($)
 ​
2025 ​ ​ ​ ​ 12,669,394 ​ ​ ​ ​ ​ (9,422,697) ​ ​ ​ ​ ​ (590,320) ​ ​ ​ ​ ​ 2,656,378 ​ ​
2024 ​ ​ ​ ​ 13,191,601 ​ ​ ​ ​ ​ (9,514,719) ​ ​ ​ ​ ​ 13,926,691 ​ ​ ​ ​ ​ 17,603,573 ​ ​
2023 ​ ​ ​ ​ 8,963,424 ​ ​ ​ ​ ​ (6,034,573) ​ ​ ​ ​ ​ 17,858,284 ​ ​ ​ ​ ​ 20,787,135 ​ ​
2022 ​ ​ ​ ​ 8,392,821 ​ ​ ​ ​ ​ (5,946,860) ​ ​ ​ ​ ​ 4,027,384 ​ ​ ​ ​ ​ 6,473,345 ​ ​
2021 ​ ​ ​ ​ 7,920,132 ​ ​ ​ ​ ​ (5,751,405) ​ ​ ​ ​ ​ (902,946) ​ ​ ​ ​ ​ 1,265,781 ​ ​
​
(a)
Represents the grant date fair value of the equity awards to our PEO, as reported in the “Stock Award” column in the Summary Compensation Table for each applicable year.
​
(b)
Represents the year-over-year change in the fair value of equity awards to our PEO, as itemized in the table below. No awards vested in the year they were granted. These amounts include performance-based awards, the fair value of which assumes achievement of maximum performance.
​
Year
​ ​
Year End Fair
Value of Equity
Awards Granted
During
Applicable Year
($)
 ​ ​
Change in Fair
Value as of Year
End of Any Prior
Year Awards that
Remain Un-vested
as of Year End
($)
 ​ ​
Change in Fair
Value as of the
Vesting Date of
Any Prior Year
Awards that
Vested During
Applicable Year
($)
 ​ ​
Fair Value of
Stock Awards
Forfeited during
the Covered Year
($)
 ​ ​
Dollar Value of
Dividends and
Dividend
Equivalent Rights
Paid on Unvested
Equity Awards
During Applicable
Year(i)
($)
 ​ ​
Total Equity
Award
Adjustments
($)
 ​
2025 ​ ​ ​ ​ 8,369,753 ​ ​ ​ ​ ​ (7,351,056) ​ ​ ​ ​ ​ 266,534 ​ ​ ​ ​ ​ (2,551,478) ​ ​ ​ ​ ​ 675,927 ​ ​ ​ ​ ​ (590,320) ​ ​
2024 ​ ​ ​ ​ 11,504,558 ​ ​ ​ ​ ​ 2,176,833 ​ ​ ​ ​ ​ 165,423 ​ ​ ​ ​ ​ (158,508) ​ ​ ​ ​ ​ 238,384 ​ ​ ​ ​ ​ 13,926,691 ​ ​
2023 ​ ​ ​ ​ 10,881,823 ​ ​ ​ ​ ​ 6,185,528 ​ ​ ​ ​ ​ 852,103 ​ ​ ​ ​ ​ (269,900) ​ ​ ​ ​ ​ 208,730 ​ ​ ​ ​ ​ 17,858,284 ​ ​
2022 ​ ​ ​ ​ 5,300,490 ​ ​ ​ ​ ​ (212,271) ​ ​ ​ ​ ​ (427,668) ​ ​ ​ ​ ​ (778,468) ​ ​ ​ ​ ​ 145,322 ​ ​ ​ ​ ​ 4,027,384 ​ ​
2021 ​ ​ ​ ​ 4,500,590 ​ ​ ​ ​ ​ (4,210,372) ​ ​ ​ ​ ​ 308,662 ​ ​ ​ ​ ​ (1,637,942) ​ ​ ​ ​ ​ 136,116 ​ ​ ​ ​ ​ (902,946) ​ ​
​
(i)
Represents dividends paid or accrued on stock awards prior to the vesting date(s) that are not otherwise reflected in the Compensation Actually Paid to PEO column.
​
(3)
Average Summary Compensation Table Total for Non-PEO NEOs — The amounts in this column are the average amounts of total compensation reported in the “Total” column of the Summary Compensation Table for our NEOs other than Mr. Malkin for the covered years. For 2024 and 2025, our NEOs other than Mr. Malkin were Ms. Chiu and Messrs. Durels and Horn. For 2023, our NEOs other than Mr. Malkin were Ms. Chiu and Mr. Durels. For 2022 and 2021, our NEOs other than Mr. Malkin were Ms. Chiu and Messrs. Durels and Thomas N. Keltner, Jr., our former general counsel.
​
(4)
Average Compensation Actually Paid to Non-PEO NEOs — The amounts in this column represent “compensation actually paid” to the Non-PEO NEOs. To calculate “compensation actually paid”, we are required by SEC rules to include various adjustments to the amounts that have been reported in the “Total” column of the Summary Compensation Table for 2025 and previous years. Each of the amounts deducted and added to the average amount reported in the “Total” column of the Summary Compensation Table for the Non-PEO NEOs for the applicable year are described in the columns of the below two tables:
​
Year(a)
​ ​
Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)
 ​ ​
Average Grant Date
Fair Value of Equity
Awards Granted
During Applicable
Year(b)
($)
 ​ ​
Average Equity
Award Adjustments
for Non-PEO NEOs(c)
($)
 ​ ​
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
 ​
2025 ​ ​ ​ ​ 4,396,685 ​ ​ ​ ​ ​ (2,635,400) ​ ​ ​ ​ ​ (683,238) ​ ​ ​ ​ ​ 1,078,047 ​ ​
2024 ​ ​ ​ ​ 4,679,543 ​ ​ ​ ​ ​ (2,860,066) ​ ​ ​ ​ ​ 4,209,942 ​ ​ ​ ​ ​ 6,029,418 ​ ​
2023 ​ ​ ​ ​ 4,707,746 ​ ​ ​ ​ ​ (2,689,072) ​ ​ ​ ​ ​ 7,139,348 ​ ​ ​ ​ ​ 9,158,021 ​ ​
2022 ​ ​ ​ ​ 3,420,528 ​ ​ ​ ​ ​ (2,194,365) ​ ​ ​ ​ ​ 1,507,639 ​ ​ ​ ​ ​ 2,733,802 ​ ​
2021 ​ ​ ​ ​ 3,080,479 ​ ​ ​ ​ ​ (1,962,617) ​ ​ ​ ​ ​ 303,783 ​ ​ ​ ​ ​ 1,421,646 ​ ​
​
(a)
For 2025, our NEOs other than Mr. Malkin were Ms. Chiu and Messrs. Durels and Horn. For 2023, our NEOs other than Mr. Malkin were Ms. Chiu and Mr. Durels. For 2022 and 2021, our NEOs other than Mr. Malkin were Ms. Chiu and Messrs. Durels and Keltner.
​
(b)
Represents the average grant date fair value of the equity awards to our Non-PEO NEOs, based on the average of the amounts reported for the Non-PEO NEOs in the “Stock Award” column in the Summary Compensation Table for each applicable year.
​
(c)
Represents the average year-over-year change in the fair value of equity awards to our Non-PEO NEOs, as itemized in the table below. These amounts include performance-based awards, the fair value of which assumes achievement of maximum performance.
​
Year
​ ​
Average
Year End
Fair Value
of Equity
Awards
Granted
During
Applicable
Year
($)
 ​ ​
Average
Change in
Fair Value
as of
Year End
of Any Prior
Year Awards
that Remain
Un-vested
as of Year End
($)
 ​ ​
Average Change in
Fair Value as
of the Vesting
Date of Any Prior
Year Awards that
Vested During
Applicable Year
($)
 ​ ​
Average Fair Value
as of Vesting
Date of Equity
Awards Granted
and Vested
in the Year
($)
 ​ ​
Fair Value of
Stock Awards
Forfeited during
the Covered Year
($)
 ​ ​
Average Dollar Value
of Dividends and
Dividend Equivalent
Rights Paid on
Unvested Equity
Awards During
Applicable Year(i)
($)
 ​ ​
Average
Total Equity
Award
Adjustments
($)
 ​
2025 ​ ​ ​ ​ 2,081,681 ​ ​ ​ ​ ​ (2,208,525) ​ ​ ​ ​ ​ 65,629 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (811,709) ​ ​ ​ ​ ​ 189,686 ​ ​ ​ ​ ​ (683,238) ​ ​
2024 ​ ​ ​ ​ 3,187,723 ​ ​ ​ ​ ​ 639,512 ​ ​ ​ ​ ​ 348,318 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (38,864) ​ ​ ​ ​ ​ 73,252 ​ ​ ​ ​ ​ 4,209,942 ​ ​
2023 ​ ​ ​ ​ 4,423,152 ​ ​ ​ ​ ​ 2,267,573 ​ ​ ​ ​ ​ 456,660 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (93,325) ​ ​ ​ ​ ​ 85,289 ​ ​ ​ ​ ​ 7,139,348 ​ ​
2022 ​ ​ ​ ​ 1,560,034 ​ ​ ​ ​ ​ (178,152) ​ ​ ​ ​ ​ 172,673 ​ ​ ​ ​ ​ 384,946 ​ ​ ​ ​ ​ (469,959) ​ ​ ​ ​ ​ 38,097 ​ ​ ​ ​ ​ 1,507,639 ​ ​
2021 ​ ​ ​ ​ 1,446,771 ​ ​ ​ ​ ​ (928,143) ​ ​ ​ ​ ​ 74,984 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (325,478) ​ ​ ​ ​ ​ 35,649 ​ ​ ​ ​ ​ 303,783 ​ ​
(i)
Represents the average dividends paid or accrued on stock awards prior to the vesting date(s) that are not otherwise reflected in the Average Compensation Actually Paid to the Non-PEO NEOs column.
​
(5)
The amounts in these columns represent cumulative total return on our Class A common stock and the Nareit Office Index, assuming $100 fixed invested on December 31, 2020, with reinvestment of dividends before consideration of income taxes and without the payment of any commissions.
​
(6)
See page 100 for a reconciliation of Core FFO per Share to the most directly comparable GAAP measure.
       
Company Selected Measure Name Core FFO per Share        
Named Executive Officers, Footnote
(1)
Summary Compensation Table Total for PEO — The amounts in this column are the amounts of total compensation reported in the “Total” column of the Summary Compensation Table for Mr. Malkin, our Chairman and CEO, for the covered years.
(3)
Average Summary Compensation Table Total for Non-PEO NEOs — The amounts in this column are the average amounts of total compensation reported in the “Total” column of the Summary Compensation Table for our NEOs other than Mr. Malkin for the covered years. For 2024 and 2025, our NEOs other than Mr. Malkin were Ms. Chiu and Messrs. Durels and Horn. For 2023, our NEOs other than Mr. Malkin were Ms. Chiu and Mr. Durels. For 2022 and 2021, our NEOs other than Mr. Malkin were Ms. Chiu and Messrs. Durels and Thomas N. Keltner, Jr., our former general counsel.
       
Peer Group Issuers, Footnote
(5)
The amounts in these columns represent cumulative total return on our Class A common stock and the Nareit Office Index, assuming $100 fixed invested on December 31, 2020, with reinvestment of dividends before consideration of income taxes and without the payment of any commissions.
       
PEO Total Compensation Amount $ 12,669,394 $ 13,191,601 $ 8,963,424 $ 8,392,821 $ 7,920,132
PEO Actually Paid Compensation Amount $ 2,656,378 17,603,573 20,787,135 6,473,345 1,265,781
Adjustment To PEO Compensation, Footnote
(2)
Compensation Actually Paid to PEO — The amounts in this column represent “compensation actually paid” to Mr. Malkin. To calculate “compensation actually paid” we are required by SEC rules to include various adjustments to the amounts that have been reported in the “Total” column of the Summary Compensation Table for 2025 and previous years. Each of the amounts deducted and added to the amount reported in the “Total” column of the Summary Compensation table for Mr. Malkin for the applicable year are described in the columns of the below two tables:
​
Year
​ ​
Summary Compensation
Table Total for PEO
($)
 ​ ​
Grant Date Fair Value
of Equity Awards
Granted During
Applicable Year(a)
($)
 ​ ​
Total Equity
Award
Adjustments
for PEO(b)
($)
 ​ ​
Compensation
Actually Paid
to PEO
($)
 ​
2025 ​ ​ ​ ​ 12,669,394 ​ ​ ​ ​ ​ (9,422,697) ​ ​ ​ ​ ​ (590,320) ​ ​ ​ ​ ​ 2,656,378 ​ ​
2024 ​ ​ ​ ​ 13,191,601 ​ ​ ​ ​ ​ (9,514,719) ​ ​ ​ ​ ​ 13,926,691 ​ ​ ​ ​ ​ 17,603,573 ​ ​
2023 ​ ​ ​ ​ 8,963,424 ​ ​ ​ ​ ​ (6,034,573) ​ ​ ​ ​ ​ 17,858,284 ​ ​ ​ ​ ​ 20,787,135 ​ ​
2022 ​ ​ ​ ​ 8,392,821 ​ ​ ​ ​ ​ (5,946,860) ​ ​ ​ ​ ​ 4,027,384 ​ ​ ​ ​ ​ 6,473,345 ​ ​
2021 ​ ​ ​ ​ 7,920,132 ​ ​ ​ ​ ​ (5,751,405) ​ ​ ​ ​ ​ (902,946) ​ ​ ​ ​ ​ 1,265,781 ​ ​
​
(a)
Represents the grant date fair value of the equity awards to our PEO, as reported in the “Stock Award” column in the Summary Compensation Table for each applicable year.
​
(b)
Represents the year-over-year change in the fair value of equity awards to our PEO, as itemized in the table below. No awards vested in the year they were granted. These amounts include performance-based awards, the fair value of which assumes achievement of maximum performance.
​
Year
​ ​
Year End Fair
Value of Equity
Awards Granted
During
Applicable Year
($)
 ​ ​
Change in Fair
Value as of Year
End of Any Prior
Year Awards that
Remain Un-vested
as of Year End
($)
 ​ ​
Change in Fair
Value as of the
Vesting Date of
Any Prior Year
Awards that
Vested During
Applicable Year
($)
 ​ ​
Fair Value of
Stock Awards
Forfeited during
the Covered Year
($)
 ​ ​
Dollar Value of
Dividends and
Dividend
Equivalent Rights
Paid on Unvested
Equity Awards
During Applicable
Year(i)
($)
 ​ ​
Total Equity
Award
Adjustments
($)
 ​
2025 ​ ​ ​ ​ 8,369,753 ​ ​ ​ ​ ​ (7,351,056) ​ ​ ​ ​ ​ 266,534 ​ ​ ​ ​ ​ (2,551,478) ​ ​ ​ ​ ​ 675,927 ​ ​ ​ ​ ​ (590,320) ​ ​
2024 ​ ​ ​ ​ 11,504,558 ​ ​ ​ ​ ​ 2,176,833 ​ ​ ​ ​ ​ 165,423 ​ ​ ​ ​ ​ (158,508) ​ ​ ​ ​ ​ 238,384 ​ ​ ​ ​ ​ 13,926,691 ​ ​
2023 ​ ​ ​ ​ 10,881,823 ​ ​ ​ ​ ​ 6,185,528 ​ ​ ​ ​ ​ 852,103 ​ ​ ​ ​ ​ (269,900) ​ ​ ​ ​ ​ 208,730 ​ ​ ​ ​ ​ 17,858,284 ​ ​
2022 ​ ​ ​ ​ 5,300,490 ​ ​ ​ ​ ​ (212,271) ​ ​ ​ ​ ​ (427,668) ​ ​ ​ ​ ​ (778,468) ​ ​ ​ ​ ​ 145,322 ​ ​ ​ ​ ​ 4,027,384 ​ ​
2021 ​ ​ ​ ​ 4,500,590 ​ ​ ​ ​ ​ (4,210,372) ​ ​ ​ ​ ​ 308,662 ​ ​ ​ ​ ​ (1,637,942) ​ ​ ​ ​ ​ 136,116 ​ ​ ​ ​ ​ (902,946) ​ ​
​
(i)
Represents dividends paid or accrued on stock awards prior to the vesting date(s) that are not otherwise reflected in the Compensation Actually Paid to PEO column.
       
Non-PEO NEO Average Total Compensation Amount $ 4,396,685 4,679,543 4,707,746 3,420,528 3,080,479
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,078,047 6,029,418 9,158,021 2,733,802 1,421,646
Adjustment to Non-PEO NEO Compensation Footnote
(4)
Average Compensation Actually Paid to Non-PEO NEOs — The amounts in this column represent “compensation actually paid” to the Non-PEO NEOs. To calculate “compensation actually paid”, we are required by SEC rules to include various adjustments to the amounts that have been reported in the “Total” column of the Summary Compensation Table for 2025 and previous years. Each of the amounts deducted and added to the average amount reported in the “Total” column of the Summary Compensation Table for the Non-PEO NEOs for the applicable year are described in the columns of the below two tables:
Year(a)
​ ​
Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)
 ​ ​
Average Grant Date
Fair Value of Equity
Awards Granted
During Applicable
Year(b)
($)
 ​ ​
Average Equity
Award Adjustments
for Non-PEO NEOs(c)
($)
 ​ ​
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
 ​
2025 ​ ​ ​ ​ 4,396,685 ​ ​ ​ ​ ​ (2,635,400) ​ ​ ​ ​ ​ (683,238) ​ ​ ​ ​ ​ 1,078,047 ​ ​
2024 ​ ​ ​ ​ 4,679,543 ​ ​ ​ ​ ​ (2,860,066) ​ ​ ​ ​ ​ 4,209,942 ​ ​ ​ ​ ​ 6,029,418 ​ ​
2023 ​ ​ ​ ​ 4,707,746 ​ ​ ​ ​ ​ (2,689,072) ​ ​ ​ ​ ​ 7,139,348 ​ ​ ​ ​ ​ 9,158,021 ​ ​
2022 ​ ​ ​ ​ 3,420,528 ​ ​ ​ ​ ​ (2,194,365) ​ ​ ​ ​ ​ 1,507,639 ​ ​ ​ ​ ​ 2,733,802 ​ ​
2021 ​ ​ ​ ​ 3,080,479 ​ ​ ​ ​ ​ (1,962,617) ​ ​ ​ ​ ​ 303,783 ​ ​ ​ ​ ​ 1,421,646 ​ ​
​
(a)
For 2025, our NEOs other than Mr. Malkin were Ms. Chiu and Messrs. Durels and Horn. For 2023, our NEOs other than Mr. Malkin were Ms. Chiu and Mr. Durels. For 2022 and 2021, our NEOs other than Mr. Malkin were Ms. Chiu and Messrs. Durels and Keltner.
​
(b)
Represents the average grant date fair value of the equity awards to our Non-PEO NEOs, based on the average of the amounts reported for the Non-PEO NEOs in the “Stock Award” column in the Summary Compensation Table for each applicable year.
​
(c)
Represents the average year-over-year change in the fair value of equity awards to our Non-PEO NEOs, as itemized in the table below. These amounts include performance-based awards, the fair value of which assumes achievement of maximum performance.
​
Year
​ ​
Average
Year End
Fair Value
of Equity
Awards
Granted
During
Applicable
Year
($)
 ​ ​
Average
Change in
Fair Value
as of
Year End
of Any Prior
Year Awards
that Remain
Un-vested
as of Year End
($)
 ​ ​
Average Change in
Fair Value as
of the Vesting
Date of Any Prior
Year Awards that
Vested During
Applicable Year
($)
 ​ ​
Average Fair Value
as of Vesting
Date of Equity
Awards Granted
and Vested
in the Year
($)
 ​ ​
Fair Value of
Stock Awards
Forfeited during
the Covered Year
($)
 ​ ​
Average Dollar Value
of Dividends and
Dividend Equivalent
Rights Paid on
Unvested Equity
Awards During
Applicable Year(i)
($)
 ​ ​
Average
Total Equity
Award
Adjustments
($)
 ​
2025 ​ ​ ​ ​ 2,081,681 ​ ​ ​ ​ ​ (2,208,525) ​ ​ ​ ​ ​ 65,629 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (811,709) ​ ​ ​ ​ ​ 189,686 ​ ​ ​ ​ ​ (683,238) ​ ​
2024 ​ ​ ​ ​ 3,187,723 ​ ​ ​ ​ ​ 639,512 ​ ​ ​ ​ ​ 348,318 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (38,864) ​ ​ ​ ​ ​ 73,252 ​ ​ ​ ​ ​ 4,209,942 ​ ​
2023 ​ ​ ​ ​ 4,423,152 ​ ​ ​ ​ ​ 2,267,573 ​ ​ ​ ​ ​ 456,660 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (93,325) ​ ​ ​ ​ ​ 85,289 ​ ​ ​ ​ ​ 7,139,348 ​ ​
2022 ​ ​ ​ ​ 1,560,034 ​ ​ ​ ​ ​ (178,152) ​ ​ ​ ​ ​ 172,673 ​ ​ ​ ​ ​ 384,946 ​ ​ ​ ​ ​ (469,959) ​ ​ ​ ​ ​ 38,097 ​ ​ ​ ​ ​ 1,507,639 ​ ​
2021 ​ ​ ​ ​ 1,446,771 ​ ​ ​ ​ ​ (928,143) ​ ​ ​ ​ ​ 74,984 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (325,478) ​ ​ ​ ​ ​ 35,649 ​ ​ ​ ​ ​ 303,783 ​ ​
(i)
Represents the average dividends paid or accrued on stock awards prior to the vesting date(s) that are not otherwise reflected in the Average Compensation Actually Paid to the Non-PEO NEOs column.
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_compensation-pn.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_actuallypaid-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_coreceo-pn.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_compensation-pn.jpg]        
Tabular List, Table
OTHER FINANCIAL PERFORMANCE MEASURES
The following measures represent the most important financial performance measures used by the company to link compensation actually paid to that of our NEOs to company performance, each as described more fully on pages 41 and 49:
◗
Relative TSR (Nareit Office Index)
​
Core FFO per share
​
Same-store cash NOI (excluding Observatory)
​
G&A expense as a percentage of revenues
​
Net debt to Adj. EBITDA
​
In addition to financial results for these measures that are reported in accordance with GAAP, we report certain measures on a non-GAAP basis. These measures are not in accordance with, or a substitute for, GAAP, and our financial measures may differ from the non-GAAP financial measures used by other companies. Please see page 99 a reconciliation of non-GAAP measures to the most directly comparable GAAP measure.
        
Total Shareholder Return Amount $ 75.69 117.69 108.98 74.46 96.47
Peer Group Total Shareholder Return Amount 81.14 94.34 77.65 76.1 122
Net Income (Loss) $ 72,980,000 $ 80,359,000 $ 84,407,000 $ 63,212,000 $ (13,037,000)
Company Selected Measure Amount | $ / shares 0.87 0.95 0.93 0.9 0.7
PEO Name Mr. Malkin        
Measure:: 1          
Pay vs Performance Disclosure          
Name Relative TSR (Nareit Office Index)        
Measure:: 2          
Pay vs Performance Disclosure          
Name Core FFO per share        
Non-GAAP Measure Description
(6)
See page 100 for a reconciliation of Core FFO per Share to the most directly comparable GAAP measure.
       
Measure:: 3          
Pay vs Performance Disclosure          
Name Same-store cash NOI (excluding Observatory)        
Measure:: 4          
Pay vs Performance Disclosure          
Name G&A expense as a percentage of revenues        
Measure:: 5          
Pay vs Performance Disclosure          
Name Net debt to Adj. EBITDA        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (9,422,697) $ (9,514,719) $ (6,034,573) $ (5,946,860) $ (5,751,405)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (590,320) 13,926,691 17,858,284 4,027,384 (902,946)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,369,753 11,504,558 10,881,823 5,300,490 4,500,590
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (7,351,056) 2,176,833 6,185,528 (212,271) (4,210,372)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 266,534 165,423 852,103 (427,668) 308,662
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 675,927 238,384 208,730 145,322 136,116
PEO | Fair Value Of Stock Awards Forfeited During The Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,551,478) (158,508) (269,900) (778,468) (1,637,942)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,635,400) (2,860,066) (2,689,072) (2,194,365) (1,962,617)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (683,238) 4,209,942 7,139,348 1,507,639 303,783
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,081,681 3,187,723 4,423,152 1,560,034 1,446,771
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,208,525) 639,512 2,267,573 (178,152) (928,143)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 384,946
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 65,629 348,318 456,660 172,673 74,984
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 189,686 73,252 85,289 38,097 35,649
Non-PEO NEO | Fair Value Of Stock Awards Forfeited During The Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (811,709) $ (38,864) $ (93,325) $ (469,959) $ (325,478)