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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Gross revenues:        
Rental revenue $ 83,592 $ 80,325 $ 243,421 $ 239,058
Total gross revenues 84,514 81,550 247,133 242,933
Expense applicable to revenues:        
Depreciation and amortization (40,555) (37,211) (120,869) (111,617)
General and administrative (7,232) (7,791) (22,612) (23,652)
Non-operating income 40 532 314 1,927
Interest and amortization expense (13,649) (16,481) (42,610) (50,715)
Debt satisfaction gains (charges), net 17,557 (4,424) 18,950 (4,527)
Impairment charges (6,175) (673) (7,792) (2,355)
Gains on sales of properties 20,878 140,461 41,876 176,662
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 44,035 145,352 82,495 197,690
Provision for income taxes (286) (241) (1,361) (1,108)
Equity in earnings (losses) of non-consolidated entities (131) 2,710 35 3,288
Net income 43,618 147,821 81,169 199,870
Less net income attributable to noncontrolling interests (1,714) (4,502) (2,245) (5,191)
Net income attributable to Lexington Realty Trust shareholders 41,904 143,319 78,924 194,679
Allocation to participating securities (46) (186) (118) (304)
Net income attributable to common shareholders $ 40,285 $ 141,560 $ 74,088 $ 189,657
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share) $ 0.15 $ 0.60 $ 0.28 $ 0.81
Weighted-average common shares outstanding – basic (in shares) 274,696,046 236,285,216 264,211,668 233,833,340
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ 0.15 $ 0.59 $ 0.28 $ 0.81
Weighted-average common shares outstanding – diluted (in shares) 276,022,762 241,355,289 265,446,221 234,011,643
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 922 1,225 3,712 3,875
Property operating        
Expense applicable to revenues:        
Property operating $ (11,343) $ (10,611) $ (31,895) $ (30,966)