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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Gross revenues:        
Rental $ 101,413 $ 86,962 $ 202,794 $ 170,806
Advisory and incentive fees 126 154 248 328
Tenant reimbursements 8,217 7,615 16,900 15,097
Total gross revenues 109,756 94,731 219,942 186,231
Expense applicable to revenues:        
Depreciation and amortization (39,861) (42,064) (80,455) (83,489)
Property operating (16,436) (14,821) (33,525) (29,570)
General and administrative (6,667) (6,509) (14,649) (13,402)
Non-operating income 3,302 1,470 6,253 3,331
Interest and amortization expense (25,955) (21,440) (50,415) (44,400)
Debt satisfaction charges, net (4,187) (11,726) (7,491) (22,429)
Impairment charges 0 0 (16,400) (2,413)
Income (loss) before provision for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations 19,952 (359) 23,260 (6,141)
Provision for income taxes (297) (152) (899) (544)
Equity in earnings (losses) of non-consolidated entities (209) 204 73 339
Income (loss) from continuing operations 19,446 (307) 22,434 (6,346)
Discontinued operations:        
Income (loss) from discontinued operations 1,018 (811) 2,159 208
Provision for income taxes (6) (1,166) (12) (1,181)
Debt satisfaction gains (charges), net (299) (1,299) (299) 8,957
Gains on sales of properties 3,510 12,806 3,510 12,806
Impairment charges (8,382) (1,391) (10,691) (8,735)
Total discontinued operations (4,159) 8,139 (5,333) 12,055
Net income 15,287 7,832 17,101 5,709
Less net income attributable to noncontrolling interests (837) (1,100) (1,765) (1,597)
Net income attributable to Lexington Realty Trust shareholders 14,450 6,732 15,336 4,112
Dividends attributable to preferred shares        
Allocation to participating securities (135) (161) (287) (338)
Net income (loss) attributable to common shareholders 12,742 (849) 11,904 (8,144)
Income (loss) per common share – basic:        
Income (loss) from continuing operations $ 0.07 $ (0.04) $ 0.07 $ (0.10)
Income (loss) from discontinued operations $ (0.02) $ 0.04 $ (0.02) $ 0.06
Net income (loss) attributable to common shareholders $ 0.05 $ 0.00 $ 0.05 $ (0.04)
Weighted-average common shares outstanding – basic 228,368,053 211,619,288 227,765,718 200,487,623
Income (loss) per common share – diluted:        
Income (loss) from continuing operations $ 0.07 $ (0.04) $ 0.07 $ (0.10)
Income (loss) from discontinued operations $ (0.02) $ 0.04 $ (0.02) $ 0.06
Net income (loss) attributable to common shareholders $ 0.05 $ 0.00 $ 0.05 $ (0.04)
Weighted-average common shares outstanding – diluted 228,851,184 211,619,288 228,275,608 200,487,623
Amounts attributable to common shareholders:        
Income (loss) from continuing operations 16,901 (8,477) 17,237 (19,701)
Income (loss) from discontinued operations (4,159) 7,628 (5,333) 11,557
Net income (loss) attributable to common shareholders 12,742 (849) 11,904 (8,144)
Series C [Member]
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares (1,573) (1,573) (3,145) (3,145)
Series D [Member]
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares 0 (617) 0 (3,543)
Deemed dividend $ 0 $ (5,230) $ 0 $ (5,230) [1]
[1] Represents the difference between the redemption cost and historical GAAP cost. Accordingly, net income was adjusted for the deemed dividend to arrive at net loss attributable to common shareholders.