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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Gross revenues:        
Rental $ 75,793 $ 69,983 $ 148,500 $ 139,868
Advisory and incentive fees 765 1,151 1,088 1,447
Tenant reimbursements 7,372 7,334 14,936 15,456
Total gross revenues 83,930 78,468 164,524 156,771
Expense applicable to revenues:        
Depreciation and amortization (41,950) (40,364) (80,258) (78,096)
Property operating (14,718) (14,313) (28,958) (29,371)
General and administrative (6,201) (5,535) (11,588) (10,979)
Non-operating income 1,693 2,832 4,314 5,739
Interest and amortization expense (24,316) (26,883) (49,043) (53,805)
Debt satisfaction gains (charges), net (2) (10) (1,651) 9
Change in value of forward equity commitment 0 (445) 0 5,548
Litigation reserve (2,800) 0 (2,800) 0
Impairment charges (1,348) (30,451) (1,348) (30,451)
Loss before benefit (provision) for income taxes, equity in earnings of non-consolidated entities and discontinued operations (5,712) (36,701) (6,808) (34,635)
Benefit (provision) for income taxes (329) (220) (515) 1,313
Equity in earnings of non-consolidated entities 10,277 7,600 17,670 11,599
Income (loss) from continuing operations 4,236 (29,321) 10,347 (21,723)
Discontinued operations:        
Income from discontinued operations 502 962 702 2,654
Provision for income taxes (2) (17) (2) (29)
Debt satisfaction gains (charges), net 0 0 1,728 (603)
Gains on sales of properties 2,671 170 2,671 5,069
Impairment charges (1,781) (28,751) (4,342) (58,318)
Total discontinued operations 1,390 (27,636) 757 (51,227)
Net income (loss) 5,626 (56,957) 11,104 (72,950)
Less net (income) loss attributable to noncontrolling interests (1,116) 12,699 (2,983) 11,253
Net income (loss) attributable to Lexington Realty Trust shareholders 4,510 (44,258) 8,121 (61,697)
Dividends attributable to preferred shares        
Dividends attributable to non-vested common shares (139) (76) (289) (155)
Redemption discount - Series C 0 0 229 86
Net loss attributable to common shareholders (3,392) (50,539) (5,579) (74,177)
Income (loss) per common share – basic and diluted:        
Loss from continuing operations (dollars per share) $ (0.02) $ (0.23) $ (0.04) $ (0.23)
Income (loss) from discontinued operations (dollars per share) $ 0.00 $ (0.10) $ 0.00 $ (0.27)
Net loss attributable to common shareholders (dollars per share) $ (0.02) $ (0.33) $ (0.04) $ (0.50)
Weighted-average common shares outstanding (shares) 154,558,380 151,526,956 154,353,707 148,866,015
Amounts attributable to common shareholders:        
Loss from continuing operations (3,925) (34,490) (5,207) (34,592)
Income (loss) from discontinued operations 533 (16,049) (372) (39,585)
Net loss attributable to common shareholders (3,392) (50,539) (5,579) (74,177)
Series B
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares (919) (1,590) (2,298) (3,180)
Deemed dividend – Series B (2,346) 0 (2,346) 0
Series C
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares (1,573) (1,690) (3,145) (3,380)
Series D
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares $ (2,925) $ (2,925) $ (5,851) $ (5,851)