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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Gross revenues:      
Rental revenue $ 313,992 $ 339,944 $ 325,811
Total gross revenues 321,245 343,997 330,448
Expense applicable to revenues:      
Depreciation and amortization (180,567) (176,714) (161,592)
General and administrative (38,714) (35,458) (30,371)
Transaction costs (4,177) (432) (255)
Non-operating income 935 1,364 743
Interest and amortization expense (45,417) (46,708) (55,201)
Debt satisfaction gains (losses), net (119) (13,894) 21,452
Impairment charges (3,037) (5,541) (14,460)
Change in allowance for credit loss (93) 0 0
Gains on sales of properties 59,094 367,274 139,039
Selling profit from sales-type leases 47,059 0 0
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 101,339 386,574 188,144
Provision for income taxes (1,102) (1,293) (1,584)
Equity in earnings (losses) of non-consolidated entities 16,006 (190) (169)
Net income 116,243 385,091 186,391
Less net income attributable to noncontrolling interests (2,460) (2,443) (3,089)
Net income attributable to LXP Industrial Trust shareholders 113,783 382,648 183,302
Dividends attributable to preferred shares - Series C (6,290) (6,290) (6,290)
Allocation to participating securities (186) (510) (224)
Net income attributable to common shareholders, basic 107,307 375,848 176,788
Net income attributable to common shareholders, diluted $ 107,307 $ 375,848 $ 176,788
Net income attributable to common shareholders - per common share basic (usd per share) $ 0.38 $ 1.35 $ 0.66
Weighted-average common shares outstanding - basic (in shares) 279,887,760 277,640,835 266,914,843
Net income attributable to common shareholders - per common share diluted (usd per share) $ 0.38 $ 1.34 $ 0.66
Weighted-average common shares outstanding - diluted (in shares) 282,473,458 287,369,742 268,182,552
Other      
Gross revenues:      
Other revenue $ 7,253 $ 4,053 $ 4,637
Real Estate      
Expense applicable to revenues:      
Property operating $ (54,870) $ (47,314) $ (41,659)