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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Gross revenues:        
Rental $ 98,095 $ 98,941 $ 300,551 $ 292,870
Tenant reimbursements 7,343 7,631 23,662 23,165
Total gross revenues 105,438 106,572 324,213 316,035
Expense applicable to revenues:        
Depreciation and amortization (39,712) (39,022) (121,795) (114,732)
Property operating (13,484) (15,504) (45,600) (46,634)
General and administrative (6,734) (6,426) (22,526) (21,035)
Non-operating income 2,515 4,217 8,213 10,369
Interest and amortization expense (21,931) (24,321) (68,273) (73,456)
Debt satisfaction gains (charges), net (398) (455) 13,753 (7,946)
Impairment charges (32,818) (2,464) (34,070) (18,864)
Gains on sales of properties 1,733 0 23,307 0
Income (loss) before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations (5,391) 22,597 77,222 43,737
Provision for income taxes (75) (72) (464) (947)
Equity in earnings of non-consolidated entities 266 173 938 246
Income (loss) from continuing operations (5,200) 22,698 77,696 43,036
Discontinued operations:        
Income from discontinued operations 0 1,322 109 5,601
Provision for income taxes 0 (14) (4) (50)
Debt satisfaction charges, net 0 0 0 (299)
Gains on sales of properties 0 18,542 1,577 22,052
Impairment charges 0 (371) 0 (11,062)
Total discontinued operations 0 19,479 1,682 16,242
Net income (loss) (5,200) 42,177 79,378 59,278
Less net income attributable to noncontrolling interests (784) (1,772) (2,525) (3,537)
Net income (loss) attributable to Lexington Realty Trust shareholders (5,984) 40,405 76,853 55,741
Allocation to participating securities (72) (112) (264) (399)
Net income (loss) attributable to common shareholders $ (7,629) $ 38,720 $ 71,871 $ 50,624
Income (loss) per common share – basic:        
Income (loss) from continuing operations (in USD per share) $ (0.03) $ 0.09 $ 0.30 $ 0.15
Income (loss) from discontinued operations (in USD per share) 0.00 0.08 0.01 0.07
Net income (loss) attributable to common shareholders (USD per share) $ (0.03) $ 0.17 $ 0.31 $ 0.22
Weighted-average common shares outstanding – basic (in shares) 234,018,062 229,463,522 233,457,400 228,337,871
Income (loss) per common share – diluted:        
Income from continuing operations (USD per share) $ (0.03) $ 0.09 $ 0.30 $ 0.15
Income (loss) from discontinued operations (USD per share) 0.00 0.08 0.01 0.07
Net income (loss) attributable to common shareholders (USD per share) $ (0.03) $ 0.17 $ 0.31 $ 0.22
Weighted-average common shares outstanding – diluted (in shares) 234,018,062 229,922,110 233,776,838 228,830,020
Amounts attributable to common shareholders:        
Income (loss) from continuing operations $ (7,629) $ 20,151 $ 70,189 $ 35,330
Income from discontinued operations 0 18,569 1,682 15,294
Net income (loss) attributable to common shareholders (7,629) 38,720 71,871 50,624
Series C [Member]        
Discontinued operations:        
Dividends attributable to preferred shares – Series C $ (1,573) $ (1,573) $ (4,718) $ (4,718)