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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Gross revenues:      
Advisory and incentive fees $ 313,081 $ 280,410 $ 273,788
Advisory and incentive fees 1,806 2,012 1,108
Tenant reimbursements 29,992 31,404 30,454
Total gross revenues 344,879 313,826 305,350
Expense applicable to revenues:      
Depreciation and amortization (161,876) (156,358) (149,474)
Property operating (60,213) (58,229) (59,194)
General and administrative (23,956) (22,200) (22,456)
Non-operating income 6,888 13,020 11,811
Interest and amortization expense (98,803) (106,478) (116,516)
Debt satisfaction gains (charges), net (9,480) 45 212
Change in value of forward equity commitment 0 2,030 8,906
Gain on acquisition 167,864 0 0
Litigation reserve (2,775) 0 0
Impairment charges and loan losses (4,262) (35,946) (6,879)
Income (loss) before benefit (provision) for income taxes, equity in earnings of non-consolidated entities and discontinued operations 158,266 (50,290) (28,240)
Benefit (provision) for income taxes (941) 845 (1,543)
Equity in earnings of non-consolidated entities 21,531 30,334 21,741
Income (loss) from continuing operations 178,856 (19,111) (8,042)
Discontinued operations:      
Income (loss) from discontinued operations (1,463) 4,955 3,185
Provision for income taxes (161) (76) (29)
Debt satisfaction gains (charges), net (178) (606) 2,924
Gains on sales of properties 13,291 6,557 14,613
Impairment charges (5,707) (81,497) (50,061)
Total discontinued operations 5,782 (70,667) (29,368)
Net income (loss) 184,638 (89,778) (37,410)
Less net (income) loss attributable to noncontrolling interests (4,322) 10,194 4,450
Net income (loss) attributable to Lexington Realty Trust shareholders 180,316 (79,584) (32,960)
Dividends attributable to preferred shares      
Allocation to participating securities (1,059) (368) (264)
Net income (loss) attributable to common shareholders 156,849 (103,721) (58,096)
Income (loss) per common share – basic:      
Income (loss) from continuing operations $ 0.96 $ (0.29) $ (0.28)
Income (loss) from discontinued operations $ 0.03 $ (0.39) $ (0.16)
Net income (loss) attributable to common shareholders $ 0.99 $ (0.68) $ (0.44)
Weighted-average common shares outstanding – basic 159,109,424 152,473,336 130,985,809
Income (loss) per common share – diluted:      
Income (loss) from continuing operations (USD per share) $ 0.91 $ (0.29) $ (0.28)
Income (loss) from discontinued operations (USD per share) $ 0.02 $ (0.39) $ (0.16)
Net income (loss) attributable to common shareholders (USD per share) $ 0.93 $ (0.68) $ (0.44)
Weighted-average common shares outstanding – diluted (shares) 179,659,826 152,473,336 130,985,809
Amounts attributable to common shareholders:      
Income (loss) from continuing operations 152,808 (44,703) (37,008)
Income (loss) from discontinued operations 4,041 (59,018) (21,088)
Net income (loss) attributable to common shareholders 156,849 (103,721) (58,096)
Series B
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares (2,298) (6,149) (6,360)
Deemed dividend – Series B (2,346) (95) 0
Series C
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares (6,290) (6,655) (6,809)
Redemption discount – Series C 229 833 0
Series D
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares $ (11,703) $ (11,703) $ (11,703)