LEXINGTON REALTY TRUST LXP Income Statement

Lexington realty trust (LXP)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Gross revenues:
Gross revenues:
Rental revenue
78,735	81,564	80,325	78,758	79,975	87,251	99,958	105,493	102,637	125,718	89,704	87,565	88,654	87,261	98,602	108,982	103,220	98,934	98,095	102,440	100,016	99,610	98,941	97,564	96,365	78,094	85,643	86,962	85,022	51,431	77,455	72,914	70,543	47,957	71,314	69,983	71,863	54,327	74,210	72,567	72,684
Other revenue
-	-	-	-	-	-	-	-	-	-22,500	7,985	8,119	7,445	8,065	7,379	7,930	8,057	7,692	7,343	7,893	8,426	8,173	7,631	7,883	7,651	2,925	7,311	7,615	7,483	1,134	7,206	7,150	7,369	5,300	8,219	7,334	8,316	5,685	7,920	7,797	9,052
Advisory and incentive fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	122	-	98	154	174	421	297	765	323	262	303	1,151	296	239	254	201	414
Total gross revenues
80,827	83,036	81,550	80,135	81,248	88,182	100,295	105,673	102,821	103,218	97,689	95,684	96,099	95,326	105,981	116,912	111,277	106,626	105,438	110,333	108,442	107,661	106,572	105,447	104,138	80,593	93,052	94,731	92,679	52,986	84,958	80,829	78,235	53,519	79,836	78,468	80,475	60,251	82,384	80,565	82,150
Expense applicable to revenues:
Depreciation and amortization
40,509	35,977	37,211	36,811	37,595	38,498	37,716	45,440	46,537	45,262	43,495	42,320	42,891	41,361	40,288	41,272	43,127	41,404	39,712	41,808	40,274	40,105	39,022	37,763	37,947	32,364	41,136	42,064	42,337	21,390	39,012	37,339	37,174	26,561	40,380	40,364	38,407	31,898	38,767	38,839	39,970
General and administrative
7,825	7,133	7,791	7,334	8,527	7,763	7,482	7,421	8,996	8,597	7,963	8,141	9,457	8,072	7,510	7,747	7,775	6,749	6,734	7,971	7,822	7,161	6,426	6,631	8,037	8,411	6,355	6,509	7,151	6,317	5,810	6,189	5,373	6,130	5,080	5,535	5,445	6,657	4,882	4,939	5,978
Change in value of forward equity commitment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,348	-9,866	-445	5,993	3,506	4,940	-1,617	2,077
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167,864	-	-	-	0	-	-	-	-	-	-
Litigation settlement
-	-	-	-	-	-	-	-	-	-	-2,050	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25	2,800	-	-	0	0	-	-	-	-	-
Non-operating income
190	335	532	914	481	894	429	174	362	4,332	1,005	1,371	2,621	3,543	3,080	3,553	2,867	3,216	2,515	3,084	2,614	4,258	4,217	3,079	2,951	3,683	2,147	1,470	1,860	1,135	1,356	1,626	2,619	3,883	3,369	2,832	2,901	3,848	2,918	2,819	2,226
Interest and amortization expense
14,795	14,380	16,481	17,026	17,208	16,656	21,159	21,734	20,331	20,055	18,887	19,216	19,725	19,459	23,001	22,679	22,893	21,466	21,931	23,339	23,003	23,847	24,321	25,319	23,816	19,174	22,055	21,440	23,223	12,470	24,140	23,469	24,171	20,630	26,966	26,883	26,922	26,175	29,739	30,280	30,322
Debt satisfaction gains (charges), net
1,393	10	-4,424	0	-103	-368	-2,228	0	0	-	2,424	-46	-	-157	2,538	-3,194	-162	11,397	-398	3,776	10,375	-1,506	-455	-4,187	-3,304	49	-2,967	-11,726	-10,703	-7,813	12	-2	-1,649	42	-6	-10	19	985	-11	0	-762
Impairment charges
0	2,974	673	1,094	588	4,953	2,542	35,269	53,049	1,419	21,986	13,599	7,992	24,332	72,890	3,014	0	2,762	32,818	113	1,139	18,469	2,464	0	16,400	33,166	0	0	2,413	0	4,262	0	0	-	10,849	30,451	-	-	0	-6,879	-
Gains on sales of properties
9,805	74,227	140,461	15,244	20,957	13,336	202,371	14,432	22,774	8,350	10,645	10,240	34,193	23,097	16,072	25,326	17,015	0	1,733	21,426	148	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before provision for income taxes and equity in earnings of non-consolidated entities
18,810	86,092	145,352	24,240	28,098	24,560	221,290	-491	-14,433	31,975	5,688	10,999	40,732	16,073	-27,490	56,592	45,124	34,803	-5,391	49,854	32,759	4,587	22,597	19,177	1,964	-19,489	8,057	-359	-5,896	-183	166,396	-1,306	-1,399	25,944	-25,157	-36,701	2,566	-6,023	1,142	-15,502	-7,857
Provision for income taxes
653	271	241	430	437	402	444	379	503	743	375	377	422	340	462	224	413	104	75	-52	441	162	72	284	591	195	2,433	152	397	66	294	324	182	168	263	220	-1,533	-149	450	605	637
Equity in earnings of non-consolidated entities
263	-398	2,710	-41	619	1,516	4	75	113	216	283	-3,257	1,910	1,196	340	312	5,742	814	266	306	366	381	173	-209	281	241	-737	204	135	62	3,799	10,277	7,393	9,688	9,047	7,600	3,999	5,675	5,459	5,368	5,239
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,513	-5,200	50,212	32,684	4,806	22,698	18,684	1,654	-19,443	4,887	-307	-6,158	-187	169,901	8,647	5,812	35,464	-16,373	-29,321	8,098	-199	6,151	-10,739	-3,255
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1	110	650	1,322	1,793	2,487	6,186	-264	-811	1,133	-4,978	355	-2,557	504	4,225	573	962	1,191	4,730	257	101	-1,903
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	-	8	14	19	18	-151	792	1,166	10	172	54	6	5	70	15	17	11	10	2	13	4
Debt satisfaction charges, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-299	-	-49	-3	-1,299	10,256	-745	-1,189	0	1,728	-3	0	0	-603	-461	0	0	3,385
Gains on sales of properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,577	35,455	18,542	3,510	0	-	2,129	12,806	-	-	6,276	2,671	-	1,306	182	170	4,899	12,090	2,025	52	446
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,705	371	8,382	2,309	3,383	802	1,391	7,344	17	0	3,129	2,561	26,906	15,211	28,751	29,567	1,873	1,091	19,102	27,995
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5	1,687	33,379	19,479	-3,397	160	12,442	268	8,139	4,035	-1,568	5,388	-3,021	-334	-21,448	-14,471	-27,636	-24,091	14,476	1,189	-18,962	-26,071
Net income
18,420	-	147,821	23,769	28,280	-	220,850	-795	-14,823	-	5,596	7,365	42,220	-	-27,612	56,680	50,453	35,513	-5,200	50,207	34,371	38,185	42,177	15,287	1,814	-7,001	5,155	7,832	-2,123	-1,755	175,289	5,626	5,478	14,016	-30,844	-56,957	-15,993	14,277	7,340	-29,701	-29,326
Less net income attributable to noncontrolling interests
266	192	4,502	436	253	266	2,834	899	-508	598	55	213	180	928	-2,260	1,148	1,010	663	784	875	866	822	1,772	837	928	176	460	1,100	497	591	748	1,116	1,867	989	70	-12,699	1,446	2,703	1,006	-5,600	-2,559
Net income attributable to Lexington Realty Trust shareholders
18,154	85,231	143,319	23,333	28,027	25,408	218,016	-1,694	-14,315	30,850	5,541	7,152	42,040	16,001	-25,352	55,532	49,443	34,850	-5,984	49,332	33,505	37,363	40,405	14,450	886	-7,177	4,695	6,732	-2,620	-2,346	174,541	4,510	3,611	13,027	-30,914	-44,258	-17,439	11,574	6,334	-24,101	-26,767
Allocation to participating securities
46	120	186	39	50	-96	253	60	70	43	52	60	71	1	50	84	90	32	72	105	104	90	112	135	153	174	144	161	177	-284	1,092	139	150	-	72	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,246	-7,629	47,659	30,142	2,323	20,151	16,158	-980	-21,380	2,691	-8,477	-11,340	-	163,481	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5	1,687	33,378	18,569	-3,416	141	12,457	287	7,628	4,045	-1,557	5,469	-3,614	-1,461	-18,997	-14,600	-16,049	-23,881	12,738	1,488	-12,515	-22,799
Income (loss) from continuing operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-0.14	-0.23	-	-	-0.01	-0.14	-
Income (loss) from discontinued operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-0.01	-	-0.10	-0.10	-	-	0.01	-0.09	-
Net loss attributable to common shareholders (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-0.01	-	-0.24	-0.33	-	-	0.00	-0.23	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	222	-726	-	-22,448	-34,490	243	-7,466	-1,430	-17,864	-10,248
Net income attributable to common shareholders
16,536	83,539	141,560	21,721	26,405	23,932	216,190	-3,327	-15,957	29,235	3,916	5,519	40,397	14,428	-26,975	53,875	47,781	33,246	-7,629	47,654	31,829	35,701	38,720	12,742	-839	-8,923	2,978	-849	-7,295	-6,560	168,950	-3,392	-2,187	7,504	-37,048	-50,539	-23,638	5,272	58	-30,379	-33,047
Dividends attributable to non-vested common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76	79	-	58	60	62
Redemption discount Series C
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	229	-	129	0	86	-	0	0	0
Income from continuing operations, basic (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.14	-0.03	0.20	0.13	0.01	0.09	0.07	0.00	-0.09	0.01	-0.04	-0.06	-	1.05	-	-	-	-	-	0.00	-	-	-	-0.08
Income from discontinued operations, basic (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	0.15	0.08	-0.02	0.00	0.05	0.00	0.04	0.02	-	0.04	-	-	-	-	-	-0.16	-	-	-	-0.19
Net income (loss) attributable to common shareholders - per common share basic (in dollars per share)
0.07	0.35	0.60	0.09	0.11	0.10	0.91	-0.01	-0.07	0.12	0.02	0.02	0.17	0.06	-0.12	0.23	0.21	0.14	-0.03	0.20	0.14	0.16	0.17	0.05	0.00	-0.04	0.01	0.00	-0.04	-	1.09	-	-	-	-	-	-0.16	-	-	-	-0.27
Weighted-average common shares outstanding – basic (in shares)
253,038	249,109	236,285	232,635	232,538	233,926	237,354	237,312	238,072	238,144	237,989	237,720	237,179	235,089	234,207	232,592	232,642	233,464	234,018	233,812	232,525	230,876	229,463	228,368	227,156	224,688	213,649	211,619	189,232	172,750	154,980	154,558	154,149	154,985	157,205	151,526	146,175	135,615	133,713	133,141	121,472
Income from continuing operations, diluted (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.14	-0.03	0.20	0.13	0.01	0.09	0.07	0.00	-0.09	0.01	-0.04	-0.06	-	0.93	-	-	-	-	-	-0.04	-	-	-	-0.08
Income from discontinued operations, diluted (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	0.15	0.08	-0.02	0.00	0.05	0.00	0.04	0.02	-	0.03	-	-	-	-	-	-0.17	-	-	-	-0.19
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share)
0.06	0.36	0.59	0.09	0.11	0.11	0.90	-0.01	-0.07	0.12	0.02	0.02	0.17	0.06	-0.12	0.23	0.20	0.14	-0.03	0.20	0.14	0.16	0.17	0.05	0.00	-0.04	0.01	0.00	-0.04	-	0.96	-	-	-	-	-	-0.21	-	-	-	-0.27
Weighted-average common shares outstanding – diluted (in shares)
257,347	237,940	241,355	236,299	236,142	241,800	246,058	237,312	238,072	241,829	241,702	241,531	241,088	242,396	234,207	235,227	238,885	228,128	234,018	239,903	232,957	231,816	229,922	228,851	227,156	223,931	214,406	211,619	189,232	-	180,855	-	-	-	-	-	142,631	-	-	-	121,472
Net loss attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,187	-	-	-	-	-	-	-	-
LCIF [Member]
Rental
-	-	-	-	-	-	-	-	-	-	19,126	18,691	17,308	-	28,496	38,557	31,595	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	2,116	1,955	1,973	-	2,062	2,215	2,505	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	21,242	20,646	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total gross revenues
-	-	-	-	-	-	-	-	-	-	-	-	19,281	-	30,558	40,772	34,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	10,114	9,209	9,172	-	7,793	8,171	9,438	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
-	-	-	-	-	-	-	-	-	-	1,727	1,853	1,439	-	2,643	2,396	2,073	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating
-	-	-	-	-	-	-	-	-	-	-	-	3,557	-	3,371	3,506	4,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-operating income
-	-	-	-	-	-	-	-	-	-	3	3	229	-	44	255	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and amortization expense
-	-	-	-	-	-	-	-	-	-	4,099	3,932	3,407	-	7,109	8,410	8,316	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt satisfaction gains (charges), net
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-5,773	-1,615	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	-	6,802	2,762	2,497	-	65,509	2,426	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of properties
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	8,190	7,839	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities
-	-	-	-	-	-	-	-	-	-	-4,497	-149	-562	-	-61,596	22,693	17,910	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	4	18	8	-	32	6	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings (losses) of non-consolidated entities
-	-	-	-	-	-	-	-	-	-	79	159	100	-	49	67	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-4,422	-8	-470	-	-61,579	22,754	18,027	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per unit (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-0.05	0.00	-0.01	-	-0.74	0.27	0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average units outstanding (in units)
-	-	-	-	-	-	-	-	-	-	83,125	83,241	83,241	-	83,241	83,241	83,241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue
Other revenue
2,092	-	1,225	1,377	1,273	-	337	180	184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Operating
Property operating
10,276	11,052	10,611	9,788	10,567	9,614	10,678	10,906	11,477	12,410	11,694	12,974	12,116	12,512	11,472	11,293	12,078	14,055	13,484	15,534	16,582	17,099	15,504	15,449	15,621	10,699	14,629	14,821	14,608	6,314	14,595	13,962	13,886	8,819	15,215	14,313	16,048	9,883	15,701	16,332	17,278
Series C
Dividends attributable to preferred shares – Series C
1,572	-	1,573	1,573	1,572	-	1,573	1,573	1,572	-	1,573	1,573	1,572	-	1,573	1,573	1,572	-	-	-	-	-	1,573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-