Equity (Tables)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Schedule of common stock granted

During the three months ended March 31, 2021 and 2020, the Company granted common shares to certain employees as follows:

	Three Months Ended March 31,
	2021		2020
Performance Shares(1)
Shares granted:
Index - 1Q	297,636		232,993
Peer - 1Q	297,632		232,987
Grant date fair value per share:(2)
Index - 1Q	$	7.13	$	6.59
Peer - 1Q	$	6.23	$	5.97
Non-Vested Common Shares:(3)
Shares issued	304,060		243,270
Grant date fair value	$	3,080	$	2,581

(1)    The shares vest based on the Company's total shareholder return growth after a three-year measurement period relative to an index and a group of peer companies. Dividends are not paid on these grants until earned. Once the performance criteria are met and the actual number of shares earned is determined, such shares vest immediately. During the three months ended March 31, 2021, all of the 662,044 performance shares issued in 2018 vested.

(2)    The fair value of grants was determined at the grant date using a Monte Carlo simulation model.

(3)    The shares vest ratably over a three-year service period.

Schedule of common share issuance

The following table summarizes common share issuances under the ATM program for the three months ended March 31, 2020:

	Three Months Ended March 31, 2020
	Shares Sold	Net Proceeds
2020 ATM Issuances	1,559,714	$17,266

Schedule of Accumulated Other Comprehensive Income (Loss)

A summary of the changes in accumulated other comprehensive income (loss) related to the Company's cash flow hedges is as follows:

	Three Months Ended March 31,
	2021		2020
Balance at beginning of period	$	(17,963)	$	(1,928)
Other comprehensive gain (loss) before reclassifications	4,143		(17,039)
Amounts of loss reclassified from accumulated other comprehensive income to interest expense	1,203		43
Balance at end of period	$	(12,617)	$	(18,924)

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net

The following discloses the effects of changes in the Company's ownership interests in its noncontrolling interests:

	Net Income Attributable to Shareholders and Transfers from Noncontrolling Interests
	Three Months Ended March 31,
	2021		2020
Net income attributable to Lexington Realty Trust shareholders	$	41,042	$	18,154
Transfers from noncontrolling interests:
Increase in additional paid-in-capital for redemption of noncontrolling OP units	311		428
Change from net income attributable to shareholders and transfers from noncontrolling interests	$	41,353	$	18,582