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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Gross revenues:      
Rental $ 292,689 $ 286,902 $ 294,812
Advisory and incentive fees 2,012 1,108 1,822
Tenant reimbursements 32,213 32,038 33,985
Total gross revenues 326,914 320,048 330,619
Expense applicable to revenues:      
Depreciation and amortization (162,284) (154,433) (153,685)
Property operating (62,361) (62,962) (65,867)
General and administrative (22,211) (22,464) (23,376)
Non-operating income 13,111 11,832 7,942
Interest and amortization expense (107,515) (118,907) (122,715)
Debt satisfaction gains, net 45 212 17,023
Change in value of forward equity commitment 2,030 8,906 7,182
Impairment charges and loan losses (68,560) (6,879) (1,576)
Loss before benefit (provision) for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations (80,831) (24,647) (4,453)
Benefit (provision) for income taxes 823 (1,550) (2,369)
Equity in earnings (losses) of non-consolidated entities 30,334 21,741 (123,176)
Loss from continuing operations (49,674) (4,456) (129,998)
Discontinued operations:      
Income (loss) from discontinued operations 2,882 (408) (2,202)
Provision for income taxes (54) (22) (87)
Debt satisfaction gains (charges), net (606) 2,924 11,471
Gains on sales of properties 6,557 14,613 9,134
Impairment charges (48,883) (50,061) (99,590)
Total discontinued operations (40,104) (32,954) (81,274)
Net loss (89,778) (37,410) (211,272)
Less net loss attributable to noncontrolling interests 10,194 4,450 1,120
Net loss attributable to Lexington Realty Trust shareholders (79,584) (32,960) (210,152)
Dividends attributable to preferred shares      
Dividends attributable to non-vested common shares (368) (264) (449)
Net loss attributable to common shareholders (103,721) (58,096) (242,876)
Loss per common share–basic and diluted:      
Loss from continuing operations $ (0.42) $ (0.26) $ (1.51)
Loss from discontinued operations $ (0.26) $ (0.18) $ (0.71)
Net loss attributable to common shareholders $ (0.68) $ (0.44) $ (2.22)
Weighted-average common shares outstanding–basic and diluted 152,473,336 130,985,809 109,280,955
Amounts attributable to common shareholders:      
Loss from continuing operations (64,099) (34,098) (164,615)
Loss from discontinued operations (39,622) (23,998) (78,261)
Net loss attributable to common shareholders (103,721) (58,096) (242,876)
Series B
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares (6,149) (6,360) (6,360)
Deemed dividend – Series B (95) 0 0
Series C
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares (6,655) (6,809) (7,218)
Redemption discount - Series C 833 0 0
Conversion dividend – Series C 0 0 (6,994)
Series D
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares $ (11,703) $ (11,703) $ (11,703)