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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Gross revenues:        
Rental revenue $ 78,758   $ 158,733  
Rental revenue   $ 105,493   $ 208,130
Total gross revenues 80,135 105,673 161,383 208,494
Expense applicable to revenues:        
Depreciation and amortization (36,811) (45,440) (74,406) (91,977)
General and administrative (7,334) (7,421) (15,861) (16,417)
Non-operating income 914 174 1,395 536
Interest and amortization expense (17,026) (21,734) (34,234) (42,065)
Debt satisfaction charges, net 0 0 (103) 0
Impairment charges (1,094) (35,269) (1,682) (88,318)
Gains on sales of properties 15,244 14,432 36,201 37,206
Income (loss) before provision for income taxes and equity in earnings (losses) of non-consolidated entities 24,240 (491) 52,338 (14,924)
Provision for income taxes (430) (379) (867) (882)
Equity in earnings (losses) of non-consolidated entities (41) 75 578 188
Net income (loss) 23,769 (795) 52,049 (15,618)
Less net income attributable to noncontrolling interests (436) (899) (689) (391)
Net income (loss) attributable to Lexington Realty Trust shareholders 23,333 (1,694) 51,360 (16,009)
Allocation to participating securities (39) (60) (85) (130)
Net income (loss) attributable to common shareholders $ 21,721 $ (3,327) $ 48,130 $ (19,284)
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share) $ 0.09 $ (0.01) $ 0.21 $ (0.08)
Weighted-average common shares outstanding – basic (in shares) 232,635,137 237,312,726 232,587,083 237,690,306
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ 0.09 $ (0.01) $ 0.20 $ (0.08)
Weighted-average common shares outstanding – diluted (in shares) 236,299,878 237,312,726 236,221,330 237,690,306
Series C        
Expense applicable to revenues:        
Dividends attributable to preferred shares – Series C $ (1,573) $ (1,573) $ (3,145) $ (3,145)
Other Revenue        
Gross revenues:        
Other revenue 1,377 180 2,650 364
Property Operating        
Expense applicable to revenues:        
Property operating $ (9,788) $ (10,906) $ (20,355) $ (22,383)