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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Gross revenues:      
Rental revenue $ 320,622 $ 395,339 $ 391,641
Other income 5,347 1,632 1,049
Total gross revenues 325,969 396,971 392,690
Expense applicable to revenues:      
Depreciation and amortization (147,594) (168,191) (173,968)
General and administrative (30,785) (31,662) (34,158)
Litigation settlement 0 0 (2,050)
Non-operating income 2,262 1,859 9,329
Interest and amortization expense (65,095) (79,880) (77,883)
Debt satisfaction gains (charges), net (4,517) (2,596) 6,196
Impairment charges and loan losses (5,329) (95,813) (44,996)
Gains on sales of properties 250,889 252,913 63,428
Income (loss) before provision for income taxes and equity in earnings of non-consolidated entities 283,782 230,926 89,394
Provision for income taxes (1,379) (1,728) (1,917)
Equity in earnings (losses) of non-consolidated entities 2,890 1,708 (848)
Net income 285,293 230,906 86,629
Less net income attributable to noncontrolling interests (5,383) (3,491) (1,046)
Net income attributable to Lexington Realty Trust shareholders 279,910 227,415 85,583
Dividends attributable to preferred shares - Series C (6,290) (6,290) (6,290)
Allocation to participating securities (395) (287) (226)
Net income attributable to common shareholders $ 273,225 $ 220,838 $ 79,067
Net income attributable to common shareholders - basic (usd per share) $ 1.15 $ 0.93 $ 0.33
Weighted-average common shares outstanding - basic (in shares) 237,642,048 236,666,375 237,758,408
Net income attributable to common shareholders - diluted (usd per share) $ 1.15 $ 0.93 $ 0.33
Weighted-average common shares outstanding - diluted (in shares) 237,934,515 240,810,990 241,537,837
Real Estate      
Expense applicable to revenues:      
Property operating $ (42,018) $ (42,675) $ (49,194)