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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Gross revenues:        
Rental $ 79,915 $ 71,314 $ 226,293 $ 209,898
Advisory and incentive fees 297 303 1,385 1,750
Tenant reimbursements 7,443 8,219 22,379 23,660
Total gross revenues 87,655 79,836 250,057 235,308
Expense applicable to revenues:        
Depreciation and amortization (40,220) (40,380) (116,333) (118,035)
Property operating (15,446) (15,215) (44,415) (44,554)
General and administrative (5,810) (5,080) (17,381) (16,055)
Non-operating income 1,383 3,369 5,688 9,108
Interest and amortization expense (24,932) (26,966) (73,658) (80,411)
Debt satisfaction gains (charges), net 12 (6) (1,639) 3
Change in value of forward equity commitment 0 (9,866) 0 (4,318)
Gain on acquisition 167,864 0 167,864 0
Litigation reserve 25 0 (2,775) 0
Impairment charges (4,262) (10,849) (4,262) (38,719)
Loss before benefit (provision) for income taxes, equity in earnings of non-consolidated entities and discontinued operations 166,269 (25,157) 163,146 (57,673)
Benefit (provision) for income taxes (296) (263) (803) 1,059
Equity in earnings of non-consolidated entities 3,799 9,047 21,469 20,646
Income (loss) from continuing operations 169,772 (16,373) 183,812 (35,968)
Discontinued operations:        
Income from discontinued operations 483 573 (1,152) 3,689
Provision for income taxes (53) (15) (62) (53)
Debt satisfaction gains (charges), net (1,189) 0 539 (603)
Gains on sales of properties 6,276 182 8,946 5,251
Impairment charges 0 (15,211) (5,690) (76,110)
Total discontinued operations 5,517 (14,471) 2,581 (67,826)
Net income (loss) 175,289 (30,844) 186,393 (103,794)
Less net (income) loss attributable to noncontrolling interests (748) (70) (3,730) 11,183
Net income (loss) attributable to Lexington Realty Trust shareholders 174,541 (30,914) 182,663 (92,611)
Dividends attributable to preferred shares        
Allocation to participating securities (1,092) (72) (1,174) (227)
Redemption discount - Series C 0 129 229 215
Net loss attributable to common shareholders 168,950 (37,048) 163,579 (111,225)
Income (loss) per common share – basic and diluted:        
Loss from continuing operations (dollars per share) $ 1.05 $ (0.14) $ 1.05 $ (0.36)
Income (loss) from discontinued operations (dollars per share) $ 0.04 $ (0.10) $ 0.01 $ (0.37)
Net loss attributable to common shareholders (dollars per share) $ 1.09 $ (0.24) $ 1.06 $ (0.73)
Weighted-average common shares outstanding (shares) 154,980,137 157,205,530 154,564,041 151,676,401
Amounts attributable to common shareholders:        
Loss from continuing operations 163,417 (22,448) 162,893 (54,911)
Income (loss) from discontinued operations 5,533 (14,600) 686 (56,314)
Net loss attributable to common shareholders 168,950 (37,048) 163,579 (111,225)
Series B
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares 0 (1,590) (2,298) (4,770)
Deemed dividend – Series B 0 0 (2,346) 0
Series C
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares (1,573) (1,675) (4,718) (5,055)
Series D
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares $ (2,926) $ (2,926) $ (8,777) $ (8,777)