XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Gross revenues:        
Rental revenue $ 81,094 $ 78,758 $ 159,829 $ 158,733
Total gross revenues 81,792 80,135 162,619 161,383
Expense applicable to revenues:        
Depreciation and amortization (39,805) (36,811) (80,314) (74,406)
General and administrative (7,555) (7,334) (15,380) (15,861)
Non-operating income 84 914 274 1,395
Interest and amortization expense (14,166) (17,026) (28,961) (34,234)
Debt satisfaction gains (charges), net 0 0 1,393 (103)
Impairment charges (1,617) (1,094) (1,617) (1,682)
Gains on sales of properties 11,193 15,244 20,998 36,201
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 19,650 24,240 38,460 52,338
Provision for income taxes (422) (430) (1,075) (867)
Equity in earnings (losses) of non-consolidated entities (97) (41) 166 578
Net income 19,131 23,769 37,551 52,049
Less net income attributable to noncontrolling interests (265) (436) (531) (689)
Net income attributable to Lexington Realty Trust shareholders 18,866 23,333 37,020 51,360
Allocation to participating securities (39) (39) (85) (85)
Net income attributable to common shareholders $ 17,254 $ 21,721 $ 33,790 $ 48,130
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share) $ 0.07 $ 0.09 $ 0.13 $ 0.21
Weighted-average common shares outstanding – basic (in shares) 264,785,583 232,635,137 258,911,872 232,587,083
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ 0.06 $ 0.09 $ 0.13 $ 0.20
Weighted-average common shares outstanding – diluted (in shares) 269,088,631 236,299,878 263,217,352 236,221,330
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 698 1,377 2,790 2,650
Property operating        
Expense applicable to revenues:        
Property operating $ (10,276) $ (9,788) $ (20,552) $ (20,355)