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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Gross revenues:        
Rental revenue $ 82,353 $ 83,592 $ 254,570 $ 243,421
Total gross revenues 83,417 84,514 257,515 247,133
Expense applicable to revenues:        
Depreciation and amortization (45,359) (40,555) (130,579) (120,869)
General and administrative (8,363) (7,232) (24,695) (22,612)
Non-operating income 472 40 953 314
Interest and amortization expense (12,210) (13,649) (35,170) (42,610)
Debt satisfaction gains (losses), net (13,222) 17,557 (13,222) 18,950
Impairment charges (2,048) (6,175) (2,048) (7,792)
Gains on sales of properties 16,122 20,878 104,767 41,876
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 7,403 44,035 123,555 82,495
Provision for income taxes (270) (286) (986) (1,361)
Equity in earnings (losses) of non-consolidated entities (75) (131) (249) 35
Net income 7,058 43,618 122,320 81,169
Less net income attributable to noncontrolling interests (420) (1,714) (1,962) (2,245)
Net income attributable to Lexington Realty Trust shareholders 6,638 41,904 120,358 78,924
Allocation to participating securities (37) (46) (170) (118)
Net income attributable to common shareholders $ 5,028 $ 40,285 $ 115,470 $ 74,088
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share) $ 0.02 $ 0.15 $ 0.42 $ 0.28
Weighted-average common shares outstanding – basic (in shares) 278,124,204 274,696,046 276,379,718 264,211,668
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ 0.02 $ 0.15 $ 0.41 $ 0.28
Weighted-average common shares outstanding – diluted (in shares) 282,048,458 276,022,762 278,581,849 265,446,221
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 1,064 922 2,945 3,712
Property operating        
Expense applicable to revenues:        
Property operating $ (11,406) $ (11,343) $ (33,966) $ (31,895)