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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Gross revenues:        
Rental revenue $ 80,325   $ 239,058  
Rental revenue   $ 99,958   $ 308,088
Total gross revenues 81,550 100,295 242,933 308,789
Expense applicable to revenues:        
Depreciation and amortization (37,211) (37,716) (111,617) (129,693)
General and administrative (7,791) (7,482) (23,652) (23,899)
Non-operating income 532 429 1,927 965
Interest and amortization expense (16,481) (21,159) (50,715) (63,224)
Debt satisfaction charges, net (4,424) (2,228) (4,527) (2,228)
Impairment charges (673) (2,542) (2,355) (90,860)
Gains on sales of properties 140,461 202,371 176,662 239,577
Income before provision for income taxes and equity in earnings of non-consolidated entities 145,352 221,290 197,690 206,366
Provision for income taxes (241) (444) (1,108) (1,326)
Equity in earnings of non-consolidated entities 2,710 4 3,288 192
Net income 147,821 220,850 199,870 205,232
Less net income attributable to noncontrolling interests (4,502) (2,834) (5,191) (3,225)
Net income attributable to Lexington Realty Trust shareholders 143,319 218,016 194,679 202,007
Allocation to participating securities (186) (253) (304) (279)
Net income attributable to common shareholders $ 141,560 $ 216,190 $ 189,657 $ 197,010
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share) $ 0.60 $ 0.91 $ 0.81 $ 0.83
Weighted-average common shares outstanding – basic (in shares) 236,285,216 237,354,669 233,833,340 237,577,198
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ 0.59 $ 0.90 $ 0.81 $ 0.83
Weighted-average common shares outstanding – diluted (in shares) 241,355,289 246,058,298 234,011,643 241,660,588
Series C        
Expense applicable to revenues:        
Dividends attributable to preferred shares – Series C $ (1,573) $ (1,573) $ (4,718) $ (4,718)
Other Revenue        
Gross revenues:        
Other revenue 1,225 337 3,875 701
Property Operating        
Expense applicable to revenues:        
Property operating $ (10,611) $ (10,678) $ (30,966) $ (33,061)