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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Gross revenues:      
Rental $ 398,065 $ 399,485 $ 392,480
Tenant reimbursements 31,431 31,354 31,338
Total gross revenues 429,496 430,839 423,818
Expense applicable to revenues:      
Depreciation and amortization (166,048) (163,198) (154,837)
Property operating (47,355) (59,655) (63,673)
General and administrative (31,104) (29,276) (28,255)
Non-operating income 13,043 11,429 14,505
Interest and amortization expense (88,032) (89,739) (97,303)
Gains on sales of financial assets, net 0 0 855
Debt satisfaction gains (charges), net (975) 25,150 (9,452)
Impairment charges and loan losses (100,236) (36,832) (37,333)
Gains on sales of properties 81,510 23,307 0
Income (loss) before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations 90,299 112,025 48,325
Provision for income taxes (1,439) (568) (1,109)
Equity in earnings of non-consolidated entities 7,590 1,752 626
Income (loss) from continuing operations 96,450 113,209 47,842
Discontinued operations:      
Income from discontinued operations 0 109 6,252
Provision for income taxes 0 (4) (59)
Debt satisfaction charges, net 0 0 (312)
Gains on sales of properties 0 1,577 57,507
Impairment charges 0 0 (13,767)
Total discontinued operations 0 1,682 49,621
Net income (loss) 96,450 114,891 97,463
Less net income attributable to noncontrolling interests (826) (3,188) (4,359)
Net income attributable to Lexington Realty Trust shareholders 95,624 111,703 93,104
Allocation to participating securities (225) (313) (490)
Net income attributable to common shareholders $ 89,109 $ 105,100 $ 86,324
Income per common share – basic:      
Income from continuing operations, basic (usd per share) $ 0.38 $ 0.44 $ 0.17
Income from discontinued operations, basic (usd per share) 0.00 0.01 0.21
Net income attributable to common shareholders, basic (usd per share) $ 0.38 $ 0.45 $ 0.38
Weighted-average common shares outstanding - basic (in shares) 233,633,058 233,455,056 228,966,253
Income per common share – diluted:      
Income from continuing operations, diluted (usd per share) $ 0.37 $ 0.44 $ 0.17
Income from discontinued operations, diluted (usd per share) 0.00 0.01 0.21
Net income attributable to common shareholders, diluted (usd per share) $ 0.37 $ 0.45 $ 0.38
Weighted-average common shares outstanding (in shares) 237,679,031 233,751,775 229,436,708
Amounts attributable to common shareholders:      
Income from continuing operations $ 89,109 $ 103,418 $ 37,652
Income from discontinued operations 0 1,682 48,672
Net income attributable to common shareholders 89,109 105,100 86,324
Series C [Member]      
Discontinued operations:      
Dividends attributable to preferred shares (6,290) (6,290) (6,290)
LCIF [Member]      
Gross revenues:      
Rental 115,403 117,847 109,455
Tenant reimbursements 8,766 10,154 8,678
Total gross revenues 124,169 128,001 118,133
Expense applicable to revenues:      
Depreciation and amortization (34,264) (30,651) (27,649)
Property operating (14,414) (17,046) (14,738)
General and administrative (9,570) (8,541) (7,691)
Non-operating income 299 531 2,927
Interest and amortization expense (27,313) (29,269) (28,267)
Gains on sales of financial assets, net 0 0 831
Debt satisfaction gains (charges), net (7,388) (33) (357)
Impairment charges and loan losses (72,072) (787) (2,500)
Gains on sales of properties 36,380 0 0
Income (loss) before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations (4,173) 42,205 40,689
Provision for income taxes (72) (48) (80)
Equity in earnings of non-consolidated entities 324 158 129
Income (loss) from continuing operations (3,921) 42,315 40,738
Discontinued operations:      
Income from discontinued operations 0 0 882
Provision for income taxes 0 0 (15)
Gains on sales of properties 0 0 17,944
Total discontinued operations 0 0 18,811
Net income (loss) $ (3,921) $ 42,315 $ 59,549
Amounts attributable to common shareholders:      
Income (loss) from continuing operations (usd per unit) $ (0.05) $ 0.58 $ 0.59
Income from discontinued operations (usd per unit) 0.00 0.00 0.28
Net income (loss) (usd per unit) $ (0.05) $ 0.58 $ 0.87
Weighted-average units outstanding (in units) 83,241,396 72,615,795 68,758,733