LEXINGTON REALTY TRUST LXP Income Statement

Lexington realty trust (LXP)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Gross revenues:
Gross revenues:
Rental revenue
320,622	395,339	391,641	398,065	399,485	392,480	335,721	272,343	261,117	273,788	286,758
Other revenue
5,347	1,632	1,049	31,431	31,354	31,338	25,334	22,859	29,169	30,454	33,929
Advisory and incentive fees
-	-	-	-	-	-	-	1,806	2,012	1,108	1,822
Total gross revenues
325,969	396,971	392,690	429,496	430,839	423,818	361,055	297,008	292,298	305,350	322,509
Expense applicable to revenues:
Depreciation and amortization
147,594	168,191	173,968	166,048	163,198	154,837	157,901	134,915	145,712	149,474	150,141
General and administrative
30,785	31,662	34,158	31,104	29,276	28,255	28,426	23,689	22,190	22,456	23,358
Change in value of forward equity commitment
-	-	-	-	-	-	-	-	2,030	8,906	7,182
Gain on acquisition
-	-	-	-	-	-	-	167,864	0	0	-
Litigation settlement
0	0	-2,050	0	0	-	-	-2,775	0	0	-
Non-operating income
2,262	1,859	9,329	13,043	11,429	14,505	9,160	6,736	12,985	11,811	5,432
Interest and amortization expense
65,095	79,880	77,883	88,032	89,739	97,303	85,892	84,250	101,401	116,516	121,160
Gains on sales of financial assets, net
-	-	-	-	-	855	0	0	-	-	-
Debt satisfaction gains (charges), net
-4,517	-2,596	6,196	-975	25,150	-9,452	-25,347	-9,452	45	212	17,023
Impairment charges
5,329	95,813	44,996	100,236	36,832	37,333	35,579	4,262	-17,008	-6,879	-1,576
Gains on sales of properties
250,889	252,913	63,428	81,510	23,307	0	0	-	-	-	-
Income before provision for income taxes and equity in earnings of non-consolidated entities
283,782	230,926	89,394	90,299	112,025	48,325	-17,687	163,508	-33,348	-28,240	-5,985
Provision for income taxes
1,379	1,728	1,917	1,439	568	1,109	3,177	866	-882	1,543	2,367
Equity in earnings of non-consolidated entities
2,890	1,708	-848	7,590	1,752	626	-157	21,531	30,334	21,741	-123,176
Net income
285,293	230,906	86,629	96,450	113,209	47,842	-21,021	184,173	-2,132	-8,042	-131,528
Income from discontinued operations
-	-	-	-	109	6,252	6,244	-6,676	6,951	3,185	-670
Provision for income taxes
-	-	-	-	4	59	1,817	237	113	29	89
Debt satisfaction charges, net
-	-	-	-	-	-312	8,905	-206	-606	2,924	11,471
Gains on sales of properties
-	-	-	-	1,577	57,507	24,472	13,291	6,557	14,613	9,134
Impairment charges
-	-	-	-	-	13,767	12,920	5,707	100,435	50,061	99,590
Total discontinued operations
-	-	-	-	1,682	49,621	24,884	465	-87,646	-29,368	-79,744
Net income
-	-	-	-	114,891	97,463	3,863	184,638	-89,778	-37,410	-211,272
Less net income attributable to noncontrolling interests
5,383	3,491	1,046	826	3,188	4,359	2,233	4,322	-10,194	-4,450	-1,120
Net income attributable to Lexington Realty Trust shareholders
279,910	227,415	85,583	95,624	111,703	93,104	1,630	180,316	-79,584	-32,960	-210,152
Dividends attributable to preferred shares – Series C
6,290	6,290	6,290	6,290	6,290	-	-	-	-	-	-
Allocation to participating securities
395	287	226	225	313	490	656	1,097	368	264	-
Income from continuing operations
-	-	-	-	103,418	37,652	-38,506	157,974	-30,194	-	-
Income from discontinued operations
-	-	-	-	1,682	48,672	24,417	-1,163	-73,527	-21,088	-77,407
Income (loss) from continuing operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-1.51
Income (loss) from discontinued operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.71
Net loss attributable to common shareholders (dollars per share)
-	-	-	-	-	-	-	-	-	-	-2.22
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-37,008	-165,469
Net income attributable to common shareholders
273,225	220,838	79,067	89,109	105,100	86,324	-14,089	156,811	-103,721	-58,096	-242,876
Dividends attributable to non-vested common shares
-	-	-	-	-	-	-	-	-	-	449
Income from continuing operations, basic (usd per share)
-	-	-	-	0.44	0.17	-0.18	0.99	-0.20	-0.28	-
Income from discontinued operations, basic (usd per share)
-	-	-	-	0.01	0.21	0.11	0.00	-0.48	-0.16	-
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share)
1.15	0.93	0.33	0.38	0.45	0.38	-0.07	0.99	-0.68	-0.44	-
Weighted-average common shares outstanding – basic (in shares)
237,642	236,666	237,758	233,633	233,455	228,966	209,797	159,109	152,473	130,985	109,280
Income from continuing operations, diluted (usd per share)
-	-	-	-	0.44	0.17	-0.18	0.94	-0.20	-0.28	-
Income from discontinued operations, diluted (usd per share)
-	-	-	-	0.01	0.21	0.11	-0.01	-0.48	-0.16	-
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share)
1.15	0.93	0.33	0.37	0.45	0.38	-0.07	0.93	-0.68	-0.44	-
Weighted-average common shares outstanding – diluted (in shares)
237,934	240,810	241,537	237,679	233,751	229,436	209,797	179,659	152,473	130,985	-
Property Operating
Property operating
42,018	42,675	49,194	47,355	59,655	63,673	54,757	48,757	54,395	59,194	61,896