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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Gross revenues:    
Rental$ 74,937$ 74,210$ 221,645$ 218,312
Advisory and incentive fees3032541,750869
Tenant reimbursements8,8087,92025,16424,735
Total gross revenues84,04882,384248,559243,916
Expense applicable to revenues:    
Depreciation and amortization(42,247)(38,767)(122,841)(117,010)
Property operating(17,196)(15,701)(50,020)(48,714)
General and administrative(5,080)(4,882)(16,066)(15,794)
Non-operating income3,3692,9189,1037,963
Interest and amortization expense(27,230)(29,739)(81,197)(90,246)
Debt satisfaction gains (charges), net(6)(11)3(773)
Change in value of forward equity commitment(9,866)4,940(4,318)5,400
Impairment charges and loan losses(23,916)0(80,407)(6,879)
Income (loss) before benefit (provision) for income taxes, equity in earnings of non-consolidated entities and discontinued operations(38,124)1,142(97,184)(22,137)
Benefit (provision) for income taxes(277)(450)1,014(1,692)
Equity in earnings of non-consolidated entities9,0475,45920,64616,066
Income (loss) from continuing operations(29,354)6,151(75,524)(7,763)
Discontinued operations:    
Income (loss) from discontinued operations4732571,512(1,625)
Provision for income taxes(1)(2)(8)(19)
Debt satisfaction gains (charges), net00(603)3,385
Gains on sales of properties1822,0255,2512,523
Impairment charges(2,144)(1,091)(34,422)(48,188)
Total discontinued operations(1,490)1,189(28,270)(43,924)
Net income (loss)(30,844)7,340(103,794)(51,687)
Less net (income) loss attributable to noncontrolling interests(70)(1,006)11,1837,153
Net (income) loss attributable to Lexington Realty Trust shareholders(30,914)6,334(92,611)(44,534)
Dividends attributable to preferred shares    
Dividends attributable to non-vested common shares(72)(58)(227)(181)
Redemption discount - Series C12902150
Net income (loss) attributable to common shareholders(37,048)58(111,225)(63,369)
Net income (loss) per common share–basic and diluted:    
Loss from continuing operations$ (0.23)$ (0.01)$ (0.55)$ (0.23)
Income (loss) from discontinued operations$ (0.01)$ 0.01$ (0.18)$ (0.26)
Net income (loss) attributable to common shareholders$ (0.24)$ 0.00$ (0.73)$ (0.49)
Weighted-average common shares outstanding–basic and diluted157,205,530133,713,505151,676,401129,487,281
Amounts attributable to common shareholders:    
Loss from continuing operations(35,709)(1,430)(83,569)(29,477)
Net income (loss) from discontinued operations(1,339)1,488(27,656)(33,892)
Net income (loss) attributable to common shareholders(37,048)58(111,225)(63,369)
Series B
    
Dividends attributable to preferred shares    
Dividends attributable to preferred shares(1,590)(1,590)(4,770)(4,770)
Series C
    
Dividends attributable to preferred shares    
Dividends attributable to preferred shares(1,675)(1,702)(5,055)(5,107)
Series D
    
Dividends attributable to preferred shares    
Dividends attributable to preferred shares$ (2,926)$ (2,926)$ (8,777)$ (8,777)