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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Gross revenues:        
Rental revenue $ 80,572 $ 81,094 $ 172,217 $ 159,829
Total gross revenues 81,541 81,792 174,098 162,619
Expense applicable to revenues:        
Depreciation and amortization (43,044) (39,805) (85,220) (80,314)
General and administrative (7,912) (7,555) (16,332) (15,380)
Non-operating income 4 84 481 274
Interest and amortization expense (11,474) (14,166) (22,960) (28,961)
Debt satisfaction gains, net 0 0 0 1,393
Impairment charges 0 1,617 0 1,617
Gains on sales of properties 66,726 11,193 88,645 20,998
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 74,215 19,650 116,152 38,460
Provision for income taxes (344) (422) (716) (1,075)
Equity in earnings (losses) of non-consolidated entities (84) (97) (174) 166
Net income 73,787 19,131 115,262 37,551
Less net income attributable to noncontrolling interests (1,109) (265) (1,542) (531)
Net income attributable to Lexington Realty Trust shareholders 72,678 18,866 113,720 37,020
Allocation to participating securities (105) (39) (178) (85)
Net income attributable to common shareholders $ 71,000 $ 17,254 $ 110,397 $ 33,790
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share) $ 0.26 $ 0.07 $ 0.40 $ 0.13
Weighted-average common shares outstanding – basic (in shares) 275,568,868 264,785,583 275,493,019 258,911,872
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ 0.26 $ 0.06 $ 0.40 $ 0.13
Weighted-average common shares outstanding – diluted (in shares) 277,466,056 269,088,631 276,834,089 263,217,352
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 969 698 1,881 2,790
Property operating        
Expense applicable to revenues:        
Property operating $ (11,626) $ (10,276) $ (22,560) $ (20,552)