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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Gross revenues:      
Rental $ 366,591 $ 299,956 $ 261,117
Advisory and incentive fees 855 1,806 2,012
Tenant reimbursements 30,994 28,418 29,169
Total gross revenues 398,440 330,180 292,298
Expense applicable to revenues:      
Depreciation and amortization (174,272) (152,296) (145,712)
Property operating (62,195) (56,043) (54,395)
General and administrative (28,973) (23,933) (22,190)
Non-operating income 8,515 6,825 12,985
Interest and amortization expense (91,271) (93,677) (101,401)
Debt satisfaction gains (charges), net (25,397) (9,480) 45
Change in value of forward equity commitment 0 0 2,030
Gain on acquisition 0 167,864 0
Litigation reserve 0 (2,775) 0
Impairment charges and loan loss (35,579) (4,262) (17,008)
Income (loss) before benefit (provision) for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations (10,732) 162,403 (33,348)
Benefit (provision) for income taxes (3,259) (940) 882
Equity in earnings (losses) of non-consolidated entities (157) 21,531 30,334
Income (loss) from continuing operations (14,148) 182,994 (2,132)
Discontinued operations:      
Income (loss) from discontinued operations (761) (5,599) 6,951
Provision for income taxes (1,735) (163) (113)
Debt satisfaction gains (charges), net 8,955 (178) (606)
Gains on sales of properties 24,472 13,291 6,557
Impairment charges (12,920) (5,707) (100,435)
Total discontinued operations 18,011 1,644 (87,646)
Net income (loss) 3,863 184,638 (89,778)
Less net (income) loss attributable to noncontrolling interests (2,233) (4,322) 10,194
Net income (loss) attributable to Lexington Realty Trust shareholders 1,630 180,316 (79,584)
Dividends attributable to preferred shares      
Allocation to participating securities 656 1,087 368
Net income (loss) attributable to common shareholders (14,089) 156,821 (103,721)
Income (loss) per common share – basic:      
Income (loss) from continuing operations, basic (usd per share) $ (0.15) $ 0.99 $ (0.20)
Income (loss) from discontinued operations, basic (usd per share) $ 0.08 $ 0.00 $ (0.48)
Net income (loss) attributable to common shareholders, basic (usd per share) $ (0.07) $ 0.99 $ (0.68)
Weighted-average common shares outstanding – basic 209,797,238 159,109,424 152,473,336
Income (loss) per common share – diluted:      
Income (loss) from continuing operations, diluted (usd per share) $ (0.15) $ 0.93 $ (0.20)
Income (loss) from discontinued operations, diluted (usd per share) $ 0.08 $ 0.00 $ (0.48)
Net income (loss) attributable to common shareholders, diluted (usd per share) $ (0.07) $ 0.93 $ (0.68)
Weighted-average common shares outstanding – diluted 209,797,238 179,659,826 152,473,336
Amounts attributable to common shareholders:      
Income (loss) from continuing operations (31,777) 156,709 (30,194)
Income (loss) from discontinued operations 17,688 112 (73,527)
Net income (loss) attributable to common shareholders (14,089) 156,821 (103,721)
Series B [Member]
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares 0 (2,298) (6,149)
Deemed dividend 0 [1] (2,346) [1] (95) [1]
Series C [Member]
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares (6,290) (6,290) (6,655)
Redemption discount – Series C 0 [1] 229 [1] 833 [1]
Series D [Member]
     
Dividends attributable to preferred shares      
Dividends attributable to preferred shares (3,543) (11,703) (11,703)
Deemed dividend $ (5,230) [1] $ 0 [1] $ 0 [1]
[1] Represents the difference between the redemption/repurchase cost and historical GAAP cost. Accordingly, net income (loss) was adjusted for the deemed dividends/deemed negative dividends to arrive at net income (loss) attributable to common shareholders.