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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Gross revenues:      
Rental $ 399,485 $ 392,480 $ 335,721
Tenant reimbursements 31,354 31,338 25,334
Total gross revenues 430,839 423,818 361,055
Expense applicable to revenues:      
Depreciation and amortization (163,198) (154,837) (157,901)
Property operating (59,655) (63,673) (54,757)
General and administrative (29,276) (28,255) (28,426)
Non-operating income 11,429 14,505 9,160
Interest and amortization expense (89,739) (97,303) (85,892)
Gains on sales of financial assets, net 0 855 0
Debt satisfaction gains (charges), net 25,150 (9,452) (25,347)
Impairment charges and loan losses (36,832) (37,333) (35,579)
Gains on sales of properties 23,307 0 0
Income (loss) before provision for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations 112,025 48,325 (17,687)
Provision for income taxes (568) (1,109) (3,177)
Equity in earnings (losses) of non-consolidated entities 1,752 626 (157)
Income (loss) from continuing operations 113,209 47,842 (21,021)
Discontinued operations:      
Income from discontinued operations 109 6,252 6,244
Provision for income taxes (4) (59) (1,817)
Debt satisfaction gains (charges), net 0 (312) 8,905
Gains on sales of properties 1,577 57,507 24,472
Impairment charges 0 (13,767) (12,920)
Total discontinued operations 1,682 49,621 24,884
Net income 114,891 97,463 3,863
Less net income attributable to noncontrolling interests (3,188) (4,359) (2,233)
Net income attributable to Lexington Realty Trust shareholders 111,703 93,104 1,630
Allocation to participating securities (313) (490) (656)
Net income (loss) attributable to common shareholders $ 105,100 $ 86,324 $ (14,089)
Income (loss) per common share – basic:      
Income (loss) from continuing operations, basic (usd per share) $ 0.44 $ 0.17 $ (0.18)
Income (loss) from discontinued operations, basic (usd per share) 0.01 0.21 0.11
Net income (loss) attributable to common shareholders, basic (usd per share) $ 0.45 $ 0.38 $ (0.07)
Weighted-average common shares outstanding - basic (in shares) 233,455,056 228,966,253 209,797,238
Income (loss) per common share – diluted:      
Income (loss) from continuing operations, diluted (usd per share) $ 0.44 $ 0.17 $ (0.18)
Income (loss) from discontinued operations, diluted (usd per share) 0.01 0.21 0.11
Net income (loss) attributable to common shareholders, diluted (usd per share) $ 0.45 $ 0.38 $ (0.07)
Weighted-average common shares outstanding (in shares) 233,751,775 229,436,708 209,797,238
Amounts attributable to common shareholders:      
Income (loss) from continuing operations $ 103,418 $ 37,652 $ (38,506)
Income from discontinued operations 1,682 48,672 24,417
Net income (loss) attributable to common shareholders 105,100 86,324 (14,089)
Series C [Member]      
Discontinued operations:      
Dividends attributable to preferred shares (6,290) (6,290) (6,290)
Series D [Member]      
Discontinued operations:      
Dividends attributable to preferred shares 0 0 (3,543)
Deemed dividend – Series D $ 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 dividends to arrive at net income (loss) attributable to common shareholders.