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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Gross revenues:        
Rental $ 89,704 $ 98,602 $ 265,923 $ 310,804
Tenant reimbursements 7,985 7,379 23,549 23,366
Total gross revenues 97,689 105,981 289,472 334,170
Expense applicable to revenues:        
Depreciation and amortization (43,495) (40,288) (128,706) (124,687)
Property operating (11,694) (11,472) (36,784) (34,843)
General and administrative (7,963) (7,510) (25,561) (23,032)
Litigation reserve (2,050) 0 (2,050) 0
Non-operating income 1,005 3,080 4,997 9,500
Interest and amortization expense (18,887) (23,001) (57,828) (68,573)
Debt satisfaction gains (charges), net 2,424 2,538 2,378 (818)
Impairment charges and loan loss (21,986) (72,890) (43,577) (75,904)
Gains on sales of properties 10,645 16,072 55,078 58,413
Income (loss) before provision for income taxes and equity in earnings (losses) of non-consolidated entities 5,688 (27,490) 57,419 74,226
Provision for income taxes (375) (462) (1,174) (1,099)
Equity in earnings (losses) of non-consolidated entities 283 340 (1,064) 6,394
Net income (loss) 5,596 (27,612) 55,181 79,521
Less net (income) loss attributable to noncontrolling interests (55) 2,260 (448) 102
Net income (loss) attributable to Lexington Realty Trust shareholders 5,541 (25,352) 54,733 79,623
Allocation to participating securities (52) (50) (183) (187)
Net income (loss) attributable to common shareholders $ 3,916 $ (26,975) $ 49,832 $ 74,718
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share) $ 0.02 $ (0.12) $ 0.21 $ 0.32
Weighted-average common shares outstanding – basic (in shares) 237,989,098 234,207,396 237,632,572 233,151,600
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ 0.02 $ (0.12) $ 0.21 $ 0.31
Weighted-average common shares outstanding – diluted (in shares) 241,702,715 234,207,396 241,442,227 237,215,883
Series C [Member]        
Expense applicable to revenues:        
Dividends attributable to preferred shares – Series C $ (1,573) $ (1,573) $ (4,718) $ (4,718)
LCIF [Member]        
Gross revenues:        
Rental 19,126 28,496 55,125 98,648
Tenant reimbursements 2,116 2,062 6,044 6,782
Total gross revenues 21,242 30,558 61,169 105,430
Expense applicable to revenues:        
Depreciation and amortization (10,114) (7,793) (28,495) (25,402)
Property operating (3,000) (3,371) (9,599) (11,079)
General and administrative (1,727) (2,643) (5,019) (7,112)
Non-operating income 3 44 235 299
Interest and amortization expense (4,099) (7,109) (11,438) (23,835)
Debt satisfaction gains (charges), net 0 (5,773) 0 (7,388)
Impairment charges and loan loss (6,802) (65,509) (12,061) (67,935)
Gains on sales of properties 0 0 0 16,029
Income (loss) before provision for income taxes and equity in earnings (losses) of non-consolidated entities (4,497) (61,596) (5,208) (20,993)
Provision for income taxes (4) (32) (30) (57)
Equity in earnings (losses) of non-consolidated entities 79 49 338 252
Net income (loss) $ (4,422) $ (61,579) $ (4,900) $ (20,798)
Net income (loss) per unit (in dollars per unit) $ (0.05) $ (0.74) $ (0.06) $ (0.25)
Weighted-average units outstanding (in units) 83,125,058 83,241,396 83,202,190 83,241,396