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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Gross revenues:    
Rental revenue $ 83,417 $ 78,536
Total gross revenues 85,075 80,278
Expense applicable to revenues:    
Depreciation and amortization (45,741) (44,506)
General and administrative (9,242) (10,737)
Non-operating income 194 32
Interest and amortization expense (11,393) (10,682)
Impairment charges (3,523) 0
Change in allowance for credit loss (79) 0
Gains on sales of properties 7,879 255
Income before provision for income taxes and equity in earnings of non-consolidated entities 7,927 24
Provision for income taxes (216) (417)
Equity in earnings of non-consolidated entities 3,604 11,301
Net income 11,315 10,908
Less net income attributable to noncontrolling interests (149) (286)
Net income attributable to LXP Industrial Trust shareholders 11,166 10,622
Allocation to participating securities (72) (61)
Net income attributable to common shareholders $ 9,522 $ 8,989
Net income attributable to common shareholders - per common share basic (in dollars per share) $ 0.03 $ 0.03
Weighted-average common shares outstanding – basic (in shares) 290,080,508 283,640,465
Net income attributable to common shareholders – per common share diluted (in dollars per share) $ 0.03 $ 0.03
Weighted-average common shares outstanding – diluted (in shares) 291,040,466 289,067,778
Series C    
Expense applicable to revenues:    
Dividends attributable to preferred shares – Series C $ (1,572) $ (1,572)
Other revenue    
Gross revenues:    
Other revenue 1,658 1,742
Property operating    
Expense applicable to revenues:    
Property operating $ (15,243) $ (14,616)