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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Gross revenues:        
Rental $ 101,680 $ 85,643 $ 302,314 $ 254,317
Advisory and incentive fees 135 98 383 426
Tenant reimbursements 7,698 7,311 24,535 22,315
Total gross revenues 109,513 93,052 327,232 277,058
Expense applicable to revenues:        
Depreciation and amortization (40,387) (41,136) (119,538) (123,407)
Property operating (16,383) (14,629) (49,651) (43,609)
General and administrative (6,394) (6,355) (21,043) (20,105)
Non-operating income 5,438 2,147 11,692 5,478
Interest and amortization expense (24,967) (22,055) (75,382) (66,455)
Debt satisfaction charges, net (455) (2,967) (7,946) (25,396)
Impairment charges (2,464) 0 (18,864) (2,413)
Income before provision for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations 23,901 8,057 46,500 1,151
Provision for income taxes (80) (2,433) (964) (2,963)
Equity in earnings (losses) of non-consolidated entities 173 (737) 246 (397)
Income (loss) from continuing operations 23,994 4,887 45,782 (2,209)
Discontinued operations:        
Income (loss) from discontinued operations 19 (264) 2,839 708
Provision for income taxes (7) (792) (34) (1,987)
Debt satisfaction gains (charges), net 0 (3) (299) 8,954
Gains on sales of properties 18,542 2,129 22,052 14,935
Impairment charges (371) (802) (11,062) (9,537)
Total discontinued operations 18,183 268 13,496 13,073
Net income 42,177 5,155 59,278 10,864
Less net income attributable to noncontrolling interests (1,772) (460) (3,537) (2,057)
Net income attributable to Lexington Realty Trust shareholders 40,405 4,695 55,741 8,807
Dividends attributable to preferred shares        
Allocation to participating securities (112) (144) (399) (482)
Net income (loss) attributable to common shareholders 38,720 2,978 50,624 (5,166)
Income (loss) per common share – basic:        
Income (loss) from continuing operations $ 0.09 $ 0.01 $ 0.17 $ (0.09)
Income from discontinued operations $ 0.08 $ 0.00 $ 0.05 $ 0.06
Net income (loss) attributable to common shareholders $ 0.17 $ 0.01 $ 0.22 $ (0.03)
Weighted-average common shares outstanding – basic 229,463,522 213,649,374 228,337,871 204,923,085
Income (loss) per common share – diluted:        
Income (loss) from continuing operations $ 0.09 $ 0.01 $ 0.17 $ (0.09)
Income from discontinued operations $ 0.08 $ 0.00 $ 0.05 $ 0.06
Net income (loss) attributable to common shareholders $ 0.17 $ 0.01 $ 0.22 $ (0.03)
Weighted-average common shares outstanding – diluted 229,922,110 214,406,065 228,830,020 204,923,085
Amounts attributable to common shareholders:        
Income (loss) from continuing operations 21,448 2,691 38,076 (17,682)
Income from discontinued operations 17,272 287 12,548 12,516
Net income (loss) attributable to common shareholders 38,720 2,978 50,624 (5,166)
Series C [Member]
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares (1,573) (1,573) (4,718) (4,718)
Series D [Member]
       
Dividends attributable to preferred shares        
Dividends attributable to preferred shares 0 0 0 (3,543)
Deemed dividend $ 0 $ 0 $ 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.