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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Gross revenues:        
Rental $ 91,815 $ 89,704 $ 283,986 $ 265,923
Tenant reimbursements 8,143 7,985 24,102 23,549
Total gross revenues 99,958 97,689 308,088 289,472
Expense applicable to revenues:        
Depreciation and amortization (37,716) (43,495) (129,693) (128,706)
General and administrative (7,482) (7,963) (23,899) (25,561)
Litigation reserve 0 (2,050) 0 (2,050)
Non-operating income 766 1,005 1,666 4,997
Interest and amortization expense (21,159) (18,887) (63,224) (57,828)
Debt satisfaction gains (charges), net (2,228) 2,424 (2,228) 2,378
Impairment charges and loan loss (2,542) (21,986) (90,860) (43,577)
Gains on sales of properties 202,371 10,645 239,577 55,078
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 221,290 5,688 206,366 57,419
Provision for income taxes (444) (375) (1,326) (1,174)
Equity in earnings (losses) of non-consolidated entities 4 283 192 (1,064)
Net income 220,850 5,596 205,232 55,181
Less net income attributable to noncontrolling interests (2,834) (55) (3,225) (448)
Net income attributable to Lexington Realty Trust shareholders 218,016 5,541 202,007 54,733
Allocation to participating securities (253) (52) (279) (183)
Net income (loss) attributable to common shareholders $ 216,190 $ 3,916 $ 197,010 $ 49,832
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share) $ 0.91 $ 0.02 $ 0.83 $ 0.21
Weighted-average common shares outstanding – basic (in shares) 237,354,669 237,989,098 237,577,198 237,632,572
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ 0.90 $ 0.02 $ 0.83 $ 0.21
Weighted-average common shares outstanding – diluted (in shares) 246,058,298 241,702,715 241,660,588 241,442,227
Series C [Member]        
Expense applicable to revenues:        
Dividends attributable to preferred shares – Series C $ (1,573) $ (1,573) $ (4,718) $ (4,718)
Property Operating [Member]        
Expense applicable to revenues:        
Property operating (10,678) (11,694) (33,061) (36,784)
LCIF [Member]        
Gross revenues:        
Rental 17,886 19,126 57,675 55,125
Tenant reimbursements 1,929 2,116 5,921 6,044
Total gross revenues 19,815 21,242 63,596 61,169
Expense applicable to revenues:        
Depreciation and amortization (8,134) (10,114) (26,245) (28,495)
General and administrative (1,558) (1,727) (5,231) (5,019)
Non-operating income 168 3 335 235
Interest and amortization expense (5,112) (4,099) (15,505) (11,438)
Debt satisfaction gains (charges), net (832) 0 (832) 0
Impairment charges and loan loss 0 (6,802) (23,938) (12,061)
Gains on sales of properties 63,097 0 78,459 0
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 64,907 (4,497) 62,672 (5,208)
Provision for income taxes (4) (4) (41) (30)
Equity in earnings (losses) of non-consolidated entities 82 79 406 338
Net income $ 64,985 $ (4,422) $ 63,037 $ (4,900)
Net income (loss) per unit (in dollars per unit) $ 0.81 $ (0.05) $ 0.78 $ (0.06)
Weighted-average units outstanding (in units) 80,565,611 83,125,058 80,565,611 83,202,190
LCIF [Member] | Property Operating [Member]        
Expense applicable to revenues:        
Property operating $ (2,537) $ (3,000) $ (7,967) $ (9,599)