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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Gross revenues:        
Rental $ 87,565 $ 108,982 $ 176,219 $ 212,202
Tenant reimbursements 8,119 7,930 15,564 15,987
Total gross revenues 95,684 116,912 191,783 228,189
Expense applicable to revenues:        
Depreciation and amortization (42,320) (41,272) (85,211) (84,399)
Property operating (12,974) (11,293) (25,090) (23,371)
General and administrative (8,141) (7,747) (17,598) (15,522)
Non-operating income 1,371 3,553 3,992 6,420
Interest and amortization expense (19,216) (22,679) (38,941) (45,572)
Debt satisfaction charges, net (46) (3,194) (46) (3,356)
Impairment charges and loan loss (13,599) (3,014) (21,591) (3,014)
Gains on sales of properties 10,240 25,326 44,433 42,341
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities. 10,999 56,592 51,731 101,716
Provision for income taxes (377) (224) (799) (637)
Equity in earnings (losses) of non-consolidated entities (3,257) 312 (1,347) 6,054
Net income 7,365 56,680 49,585 107,133
Less net income attributable to noncontrolling interests (213) (1,148) (393) (2,158)
Net income attributable to Lexington Realty Trust shareholders 7,152 55,532 49,192 104,975
Allocation to participating securities (60) (84) (131) (175)
Net income attributable to common shareholders $ 5,519 $ 53,875 $ 45,916 $ 101,655
Net income attributable to common shareholders - per common share basic (in dollars per share) $ 0.02 $ 0.23 $ 0.19 $ 0.44
Weighted-average common shares outstanding – basic (in shares) 237,720,198 232,592,998 237,451,355 232,617,901
Net income attributable to common shareholders – per common share diluted (in dollars per share) $ 0.02 $ 0.23 $ 0.19 $ 0.43
Weighted-average common shares outstanding – diluted (in shares) 241,531,313 235,227,199 241,310,529 235,151,256
Series C [Member]        
Expense applicable to revenues:        
Dividends attributable to preferred shares – Series C $ (1,573) $ (1,573) $ (3,145) $ (3,145)
LCIF [Member]        
Gross revenues:        
Rental 18,691 38,557 35,999 70,152
Tenant reimbursements 1,955 2,215 3,928 4,720
Total gross revenues 20,646 40,772 39,927 74,872
Expense applicable to revenues:        
Depreciation and amortization (9,209) (8,171) (18,381) (17,609)
Property operating (3,042) (3,506) (6,599) (7,708)
General and administrative (1,853) (2,396) (3,292) (4,469)
Non-operating income 3 255 232 255
Interest and amortization expense (3,932) (8,410) (7,339) (16,726)
Debt satisfaction charges, net 0 (1,615) 0 (1,615)
Impairment charges and loan loss (2,762) (2,426) (5,259) (2,426)
Gains on sales of properties 0 8,190 0 16,029
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities. (149) 22,693 (711) 40,603
Provision for income taxes (18) (6) (26) (25)
Equity in earnings (losses) of non-consolidated entities 159 67 259 203
Net income $ (8) $ 22,754 $ (478) $ 40,781
Net income (loss) per unit (in dollars per unit) $ 0.00 $ 0.27 $ (0.01) $ 0.49
Weighted-average units outstanding (in units) 83,241,396 83,241,396 83,241,396 83,241,396