EX-99.1 4 exhibit991-83012.htm EXHIBIT EXHIBIT 99.1 - 8.30.12

Exhibit 99.1

Item 6. Selected Financial Data

The following sets forth our selected consolidated financial data as of and for each of the years in the five-year period ended December 31, 2011. The selected consolidated financial data should be read in conjunction with the Consolidated Financial Statements and the related notes appearing elsewhere in this Annual Report. ($000's, except per share data)

 
2011
 
2010
 
2009
 
2008
 
2007
Total gross revenues
$
318,224

 
$
309,382

 
$
322,509

 
$
337,223

 
$
344,228

Expenses applicable to revenues
(216,661
)
 
(210,404
)
 
(212,037
)
 
(249,494
)
 
(217,982
)
Interest and amortization expense
(107,470
)
 
(117,598
)
 
(121,160
)
 
(140,434
)
 
(147,386
)
Income (loss) from continuing operations
(23,160
)
 
(6,838
)
 
(131,528
)
 
(15,860
)
 
11,138

Total discontinued operations
(66,618
)
 
(30,572
)
 
(79,744
)
 
12,392

 
80,791

Net income (loss)
(89,778
)
 
(37,410
)
 
(211,272
)
 
(3,468
)
 
91,929

Net income (loss) attributable to Lexington Realty Trust
(79,584
)
 
(32,960
)
 
(210,152
)
 
2,754

 
75,249

Net income (loss) attributable to common shareholders
(103,721
)
 
(58,096
)
 
(242,876
)
 
(18,974
)
 
47,155

Loss from continuing operations per common share - basic and diluted
(0.32
)
 
(0.27
)
 
(1.51
)
 
(0.33
)
 
(0.34
)
Income (loss) from discontinued operations - basic and diluted
(0.36
)
 
(0.17
)
 
(0.71
)
 
0.05

 
1.07

Net income (loss) per common share - basic and diluted
(0.68
)
 
(0.44
)
 
(2.22
)
 
(0.28
)
 
0.73

Cash dividends declared per common share
0.47

 
0.415

 
0.64

 
1.17

 
3.60

Net cash provided by operating activities
180,137

 
164,751

 
159,307

 
230,201

 
287,651

Net cash provided by (used in) investing activities
(24,813
)
 
(24,783
)
 
111,967

 
230,128

 
(31,490
)
Net cash provided by (used in) financing activities
(144,257
)
 
(141,189
)
 
(285,207
)
 
(804,637
)
 
38,973

Ratio of earnings to combined fixed charges and preferred dividends
N/A

 
N/A

 
N/A

 
N/A

 
N/A

Real estate assets, net
2,566,707

 
2,773,605

 
3,015,400

 
3,294,527

 
3,729,266

Investments in and advances to non-consolidated entities
90,558

 
72,480

 
55,985

 
179,133

 
226,476

Total assets
3,078,048

 
3,334,996

 
3,579,845

 
4,105,725

 
5,264,705

Mortgages, notes payable and credit facility, including discontinued operations
1,662,375

 
1,778,077

 
2,072,738

 
2,372,323

 
3,028,088

Shareholders' equity
1,163,074

 
1,280,156

 
1,208,669

 
1,406,075

 
960,601

Total equity
1,221,431

 
1,356,129

 
1,297,236

 
1,501,071

 
1,739,565

Preferred share liquidation preference
322,032

 
338,760

 
338,760

 
363,915

 
389,000

_________
N/A - Ratio is below 1.0, deficit of $68,930, $48,105, $11,096, $594 and $59,532 exists at December 31, 2011, 2010, 2009, 2008 and 2007, respectively.

All years have also been adjusted to reflect the impact of operating properties sold during the six months ended June 30, 2012 and years ended December 31, 2011, 2010, 2009, 2008 and 2007, which are reflected in discontinued operations in the Consolidated Statements of Operations.