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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Gross revenues:        
Rental $ 90,173 $ 77,455 $ 268,215 $ 220,011
Advisory and incentive fees 98 297 426 1,385
Tenant reimbursements 7,675 7,206 23,425 21,486
Total gross revenues 97,946 84,958 292,066 242,882
Expense applicable to revenues:        
Depreciation and amortization (44,523) (39,012) (133,747) (112,980)
Property operating (15,888) (14,595) (47,082) (41,769)
General and administrative (6,358) (5,810) (20,116) (17,368)
Non-operating income 2,152 1,356 5,487 5,601
Interest and amortization expense (22,879) (24,140) (69,585) (71,401)
Debt satisfaction gains (charges), net (2,968) 12 (25,397) (1,639)
Gain on acquisition 0 167,864 0 167,864
Litigation reserve 0 25 0 (2,775)
Impairment charges 0 (4,262) (2,413) (4,262)
Income (loss) before provision for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations 7,482 166,396 (787) 164,153
Provision for income taxes (2,447) (294) (3,005) (799)
Equity in earnings (losses) of non-consolidated entities (737) 3,799 (397) 21,469
Income (loss) from continuing operations 4,298 169,901 (4,189) 184,823
Discontinued operations:        
Income (loss) from discontinued operations 311 355 2,646 (2,159)
Provision for income taxes (779) (54) (1,946) (66)
Debt satisfaction gains (charges), net (2) (1,189) 8,955 539
Gains on sales of properties 2,129 6,276 14,935 8,946
Impairment charges (802) 0 (9,537) (5,690)
Total discontinued operations 857 5,388 15,053 1,570
Net income 5,155 175,289 10,864 186,393
Less net income attributable to noncontrolling interests (460) (748) (2,057) (3,730)
Net income attributable to Lexington Realty Trust shareholders 4,695 174,541 8,807 182,663
Dividends attributable to preferred shares        
Allocation to participating securities (144) (1,092) (482) (1,179)
Redemption discount – Series C 0 0 0 229
Net income (loss) attributable to common shareholders 2,978 168,950 (5,166) 163,574
Income (loss) per common share – basic:        
Income (loss) from continuing operations $ 0.01 $ 1.05 $ (0.10) $ 1.06
Income from discontinued operations $ 0.00 $ 0.04 $ 0.07 $ 0.00
Net income (loss) attributable to common shareholders $ 0.01 $ 1.09 $ (0.03) $ 1.06
Weighted-average common shares outstanding – basic 213,649,374 154,980,137 204,923,085 154,564,041
Income (loss) per common share – diluted:        
Income (loss) from continuing operations $ 0.01 $ 0.93 $ (0.10) $ 0.98
Income (loss) from discontinued operations $ 0.00 $ 0.03 $ 0.07 $ 0.00
Net income (loss) attributable to common shareholders $ 0.01 $ 0.96 $ (0.03) $ 0.98
Weighted-average common shares outstanding – diluted 214,406,065 180,855,164 204,923,085 180,449,070
Amounts attributable to common shareholders:        
Income (loss) from continuing operations 2,069 163,481 (19,769) 163,552
Income from discontinued operations 909 5,469 14,603 22
Net income (loss) attributable to common shareholders 2,978 168,950 (5,166) 163,574
Series B
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares 0 0 0 (2,298)
Deemed dividend 0 0 0 [1] (2,346) [1]
Series C
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares (1,573) (1,573) (4,718) (4,718)
Redemption discount – Series C     0 [1] (229) [1]
Series D
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares 0 (2,926) (3,543) (8,777)
Deemed dividend $ 0 $ 0 $ (5,230) [1] $ 0 [1]
[1] Represents the difference between the redemption/repurchase cost and historical GAAP cost.