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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Gross revenues:        
Rental $ 102,440 $ 97,564 $ 202,456 $ 193,929
Tenant reimbursements 7,893 7,883 16,319 15,534
Total gross revenues 110,333 105,447 218,775 209,463
Expense applicable to revenues:        
Depreciation and amortization (41,808) (37,763) (82,083) (75,710)
Property operating (15,534) (15,449) (32,116) (31,130)
General and administrative (7,971) (6,631) (15,792) (14,609)
Non-operating income 3,084 3,079 5,698 6,152
Interest and amortization expense (23,339) (25,319) (46,342) (49,135)
Debt satisfaction gains (charges), net 3,776 (4,187) 14,151 (7,491)
Impairment charges (113) 0 (1,252) (16,400)
Gains on sales of properties 21,426 0 21,574 0
Income before benefit (provision) for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations 49,854 19,177 82,613 21,140
Benefit (provision) for income taxes 52 (284) (389) (875)
Equity in earnings (losses) of non-consolidated entities 306 (209) 672 73
Income from continuing operations 50,212 18,684 82,896 20,338
Discontinued operations:        
Income (loss) from discontinued operations (1) 1,793 109 4,279
Provision for income taxes (4) (19) (4) (36)
Debt satisfaction charges, net 0 (299) 0 (299)
Gains on sales of properties 0 3,510 1,577 3,510
Impairment charges 0 (8,382) 0 (10,691)
Total discontinued operations (5) (3,397) 1,682 (3,237)
Net income 50,207 15,287 84,578 17,101
Less net income attributable to noncontrolling interests (875) (837) (1,741) (1,765)
Net income attributable to Lexington Realty Trust shareholders 49,332 14,450 82,837 15,336
Allocation to participating securities (105) (135) (192) (287)
Net income attributable to common shareholders $ 47,654 $ 12,742 $ 79,500 $ 11,904
Income (loss) per common share – basic:        
Income from continuing operations (in USD per share) $ 0.20 $ 0.07 $ 0.33 $ 0.07
Income (loss) from discontinued operations (in USD per share) 0.00 (0.02) 0.01 (0.02)
Net income attributable to common shareholders (USD per share) $ 0.20 $ 0.05 $ 0.34 $ 0.05
Weighted-average common shares outstanding – basic (in shares) 233,812,062 228,368,053 233,172,422 227,765,718
Income (loss) per common share – diluted:        
Income from continuing operations (USD per share) $ 0.20 $ 0.07 $ 0.33 $ 0.07
Income (loss) from discontinued operations (USD per share) 0.00 (0.02) 0.01 (0.02)
Net income (loss) attributable to common shareholders (USD per share) $ 0.20 $ 0.05 $ 0.34 $ 0.05
Weighted-average common shares outstanding – diluted (in shares) 239,903,370 228,851,184 239,559,842 228,275,608
Amounts attributable to common shareholders:        
Income from continuing operations $ 47,659 $ 16,158 $ 77,818 $ 15,179
Income (loss) from discontinued operations (5) (3,416) 1,682 (3,275)
Net income attributable to common shareholders 47,654 12,742 79,500 11,904
Series C [Member]        
Discontinued operations:        
Dividends attributable to preferred shares – Series C $ (1,573) $ (1,573) $ (3,145) $ (3,145)