LEXINGTON REALTY TRUST - FORM 8-K - EX-99.1 - EXHIBIT 99.1

Attached files

file	filename
8-K - LEXINGTON REALTY TRUST 8-K 8-2-2011 - LEXINGTON REALTY TRUST	form8k.htm
EX-99.2 - EXHIBIT 99.2 - LEXINGTON REALTY TRUST	ex99_2.htm

Exhibit 99.1

Quarterly Earnings and

Supplemental Operating and Financial Data

June 30, 2011

LEXINGTON REALTY TRUST

SUPPLEMENTAL REPORTING PACKAGE

June 30, 2011

Table of Contents

Section		Page

Second Quarter 2011 Earnings Press Release		3

Portfolio Data
	2011 Second Quarter Leasing Summary	12
	2011 Second Quarter Disposition Summary	14
	Property Leases and Vacancies – Consolidated Portfolio	15
	Property Leases and Vacancies – Net Lease Strategic Assets Fund	22
	Lease Rollover Schedule – Cash Basis	24
	Lease Rollover Schedule – GAAP Basis	25
	Mortgage Loans Receivable	26
	2011 Second Quarter Financing Summary	27
	Debt Maturity Schedule	28
	2011 Mortgage Maturities by Property Type	29
	2012 Mortgage Maturities by Property Type	30
	2013 Mortgage Maturities by Property Type	31
	2014 Mortgage Maturities by Property Type	32
	2015 Mortgage Maturities by Property Type	33
	Mortgages and Notes Payable	34
	Partnership Interests	39
	Selected Balance Sheet Account Data	40
	Revenue Data	41
	Top 20 Markets	42
	Tenant Industry Diversification	43
	Top 10 Tenants or Guarantors	44

Investor Information		45

	LEXINGTON REALTY TRUST
	TRADED: NYSE: LXP
	ONE PENN PLAZA, SUITE 4015
	NEW YORK NY 10119-4015

Contact:

Investor or Media Inquiries, T. Wilson Eglin, CEO

Lexington Realty Trust

Phone: (212) 692-7200 E-mail: tweglin@lxp.com

FOR IMMEDIATE RELEASE

Tuesday, August 2, 2011

LEXINGTON REALTY TRUST REPORTS SECOND QUARTER 2011 RESULTS

New York, NY - August 2, 2011 - Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the second quarter ended June 30, 2011.

Second Quarter 2011 Highlights

•	Generated Company Funds From Operations (“Company FFO”) of $41.1 million or $0.24 per diluted common share/unit, adjusted for certain items.

•	Closed property acquisitions of $108.8 million and loan investments of $15.8 million.

•	Increased portfolio occupancy 80 basis points to 96.1%; highest level since 2007.

•	Executed 19 new and renewal leases, totaling approximately 1.4 million square feet.

•	Raised $28.0 million of gross proceeds from dispositions and financing activities.

•	Contracted to (1) lend up to an aggregate $14.3 million to fund the construction of two single-tenant properties and (2) purchase the properties upon completion of construction and commencement of single-tenant leases for an additional $11.7 million.

T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, “We continue to be pleased with our operating results and the steady progress we have made in executing our business plan. In the first half of 2011, we signed 3.2 million square feet of leases, raised our leased portfolio from 93.4% to 96.1%, disposed of 11 properties for $121.9 million at a 6.6% weighted-average capitalization rate and lowered our debt by $64.2 million. The accretive investments we made in the second quarter fully deployed the proceeds of our May equity offering, which we believe have improved our prospects for dividend growth.”

FINANCIAL RESULTS

Revenues

For the quarter ended June 30, 2011, total gross revenues were $82.7 million, compared with total gross revenues of $80.6 million for the quarter ended June 30, 2010. The increase is primarily due to property acquisitions and an increase in occupancy.

Company FFO Attributable to Common Shareholders/Unitholders

The following presents in tabular form the items excluded from Company FFO for the periods presented (in millions, except for per diluted share/unit data):

	Three Months Ended June 30,												Six Months Ended June 30,
	2011			Per Diluted Share/Unit			2010			Per Diluted Share/Unit			2011			Per Diluted Share/Unit			2010			Per Diluted Share/Unit
Reported Company FFO(A)	$	(8.1	)	$	(0.05	)	$	14.6		$	0.09		$	6.9		$	0.04		$	28.6		$	0.19
Acquisition Costs		0.6						—						0.6						—
Debt satisfaction charges (gains), net		—						—						0.6						(2.6	)
Forward equity commitment		0.5						1.6						(5.5	)					(0.5	)
Impairment losses – real estate		59.2						22.1						88.8						50.1	)
Impairment losses – consolidated debt investments		—						3.9						—						3.9
Impairment losses – real estate noncontrolling interests		(11.8	)					(6.4	)					(11.8	)					(9.5	)
Impairment loss – JV		—						—						1.6						—
Other		0.7						0.1						1.6						0.3
Company FFO, as adjusted	$	41.1		$	0.24	(B)	$	35.9		$	0.23	(B)	$	82.8		$	0.48	(B)	$	70.3		$	0.47

(A)	A reconciliation of GAAP net loss to Company FFO is provided later in this press release. Reported Company FFO excludes the assumed settlement of the forward equity commitment.

(B)

Per diluted share/unit reflects the impact of estimated net common shares retired upon the assumed settlement of the forward equity commitment of (3,544,219), (3,356,445), (3,468,421) and (3,312,724) for the three months ended June 30, 2011 and 2010 and six months ended June 30, 2011 and 2010, respectively.

Net Loss Attributable to Common Shareholders

For the quarter ended June 30, 2011, net loss attributable to common shareholders was $(50.5) million , or a loss of $(0.33) per diluted share, compared with net loss attributable to common shareholders for the quarter ended June 30, 2010 of $(30.4) million, or a loss of $(0.23) per diluted share.

Capital Activities

Lexington issued 10.0 million common shares, raising net proceeds of $90.6 million. The net proceeds were primarily used to fund investments.

Common Share Dividend/Distribution

During the quarter ended June 30, 2011, Lexington declared a regular quarterly dividend/distribution of $0.115 per common share/unit, which was paid on July 15, 2011 to common shareholders/unitholders of record as of June 30, 2011.

OPERATING ACTIVITIES

Investments

Property Acquisitions. During the second quarter of 2011, Lexington:

•

acquired an 80,000 square foot office facility in Rock Hill, South Carolina (Charlotte, NC - CBSA) for an original cost basis of $7.4 million (8.9% initial cap rate). The facility is net-leased for a remaining term of approximately 10 years.

•

purchased a 514,000 square foot industrial facility in Byhalia, Mississippi (Memphis, TN-CBSA) for an original cost basis of $27.5 million (9.3% initial cap rate). The facility is net-leased for a 15-year term. Subsequent to closing, Lexington financed the facility with a $15.0 million, 4.71% interest only non-recourse mortgage loan, which matures in 2016.

•

closed on the acquisition of a 673,000 square foot industrial property in Shelby, North Carolina for an original cost basis of $23.5 million (9.1% initial cap rate). The facility is net-leased for a 20-year term. Lexington funded the construction of the property beginning in 2010.

•

acquired a 292,700 square foot office property in Allen, Texas (Dallas, TX-CBSA) for an original cost basis of $36.3 million (8.5% initial cap rate). The property is net-leased through March 2018.

•

made a preferred equity investment in a joint venture formed to acquire a 210,000 square foot office property in Aurora, Illinois (Chicago, IL-CBSA). Lexington contributed $14.2 million to the joint venture for an 87% preferred equity interest in the property. The property was purchased by a subsidiary of the joint venture for an original cost basis of $15.9 million (14.0% initial cap rate). The property is net-leased through September 2017. Lexington is entitled to a 15% internal rate of return, including a 9.6% current annual preferred return on its investment.

In addition, subsequent to quarter end, Lexington acquired a 42,000 square foot office property in Columbus, Ohio for an original cost basis of $6.1 million (9.1% initial cap rate). At closing, the property was net-leased to the seller for a 16-year term.

Loan Investments. During the second quarter of 2011, Lexington:

•

closed on a $10.0 million mezzanine loan secured by a 100% pledge of all equity interests in the entities which own two to-be-constructed distribution facilities. The loan matures in 2013 and has an interest rate of 15.0% for the first year and 18.5% for the second year.

•

invested $5.8 million in an equally owned joint venture formed to acquire the economic interest in a mezzanine loan owned by Concord Debt Holdings, LLC.

New Build-to-Suit Transactions. During the second quarter of 2011, Lexington:

•

contracted to (1) lend up to $11.8 million to fund the construction of a 70,000 square foot office property in Huntington, West Virginia and (2) acquire the property for a maximum price of $13.0 million (9.4% initial cap rate) upon completion of construction and commencement of the tenant lease, which is expected to occur in the fourth quarter of 2011. The property will be net-leased for a term of 15 years.

•

agreed to (1) lend up to $2.5 million to fund a portion of the construction of a 257,000 square foot industrial property in Shreveport, Louisiana and (2) acquire the property for $13.1 million (9.5% initial cap rate) upon completion of construction and commencement of the tenant lease, which is expected to occur in the second quarter of 2012. The property will be net-leased for a term of 10 years.

In addition, Lexington continues to fund the construction of the previously announced $18.0 million build-to-suit property in Saint Joseph, Missouri (9.5% initial cap rate), which will be subject to a 15-year net-lease upon completion.

No assurance can be provided that construction of these built-to-suit projects will be completed or the acquisitions will be consummated.

Information on these investments is provided in tabular form in Lexington's Supplemental Operating and Financial Data Disclosure Package available at www.lxp.com.

Capital Recycling

During the second quarter of 2011, Lexington disposed of five properties to unrelated parties for an aggregate gross sales price of $13.0 million, representing a weighted-average cap rate of 3.3%. Subsequent to quarter end, Lexington disposed of one property for $0.9 million at a cap rate of 9.5%. Total year-to-date disposition activity is $122.8 million at a weighted-average cap rate of 6.7%.

Leasing Activity

For the quarter ended June 30, 2011, 19 new and renewal leases for 1.4 million square feet were executed in Lexington's portfolio. At June 30, 2011, Lexington's overall portfolio was 96.1% leased.

2011 EARNINGS GUIDANCE

Lexington's estimate of Company FFO remains unchanged at $0.90 to $0.93 per diluted share for the year ended December 31, 2011. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

SECOND QUARTER 2011 CONFERENCE CALL

Lexington will host a conference call today, Tuesday, August 2, 2011, at 11:00 a.m. Eastern Time, to discuss its results for the quarter ended June 30, 2011. Interested parties may participate in this conference call by dialing 800-357-9448 or 719-325-2261. A replay of the call will be available through August 16, 2011, at 877-870-5176 or 858-384-5517, pin: 2428086. A live webcast of the conference call will be available at www.lxp.com within the Investor Relations section.

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust is a real estate investment trust that owns, invests in, and manages office, industrial and retail properties net-leased to major corporations throughout the United States and provides investment advisory and asset management services to investors in the net lease area. Lexington shares are traded on the New York Stock Exchange under the symbol “LXP”. Additional information about Lexington is available on-line at www.lxp.com or by contacting Lexington Realty Trust, One Penn Plaza, Suite 4015, New York, New York 10119-4015, Attention: Investor Relations.

This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under Lexington's control which may cause actual results, performance or achievements of Lexington to be materially different from the results, performance, or other expectations implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the headings “Management's Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in Lexington's periodic reports filed with the Securities and Exchange Commission, including risks related to: (1) the authorization by Lexington's Board of Trustees of future dividend declarations to achieve an annualized dividend paid in 2011 of $0.46 per common share, (2) Lexington's ability to achieve its estimate of Company FFO for the year ended December 31, 2011, (3) the consummation of the built-to-suit construction loans and subsequent acquisition of such properties, (4) the failure to continue to qualify as a real estate investment trust, (5) changes in general business and economic conditions, including the impact of the current global financial and credit crisis, (6) competition, (7) increases in real estate construction costs, (8) changes in interest rates, or (9) changes in accessibility of debt and equity capital markets. Copies of the periodic reports Lexington files with the Securities and Exchange Commission are available on Lexington's web site at www.lxp.com. Forward-looking statements, which are based on certain assumptions and describe Lexington's future plans, strategies and expectations, are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “estimates,” “projects”, “is optimistic” or similar expressions. Lexington undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. Accordingly, there is no assurance that Lexington's expectations will be realized.

References to Lexington refer to Lexington Realty Trust and its consolidated subsidiaries. All interests in properties and loans are held through special purpose entities, which are separate and distinct legal entities, but consolidated for financial statement purposes and/or disregarded for income tax purposes.

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three and six months ended June 30, 2011 and 2010

(Unaudited and in thousands, except share and per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Gross revenues:
Rental	$	73,749		$	72,567		$	147,505		$	144,650
Advisory and incentive fees		1,151			201			1,447			615
Tenant reimbursements		7,775			7,797			16,386			16,823
Total gross revenues		82,675			80,565			165,338			162,088

Expense applicable to revenues:
Depreciation and amortization		(41,880	)		(38,839	)		(81,127	)		(78,574	)
Property operating		(16,348	)		(16,332	)		(33,464	)		(33,576	)
General and administrative		(5,540	)		(4,939			(10,987	)		(10,910	)
Non-operating income		2,833			2,819	)		5,831			5,045
Interest and amortization expense		(26,953	)		(30,280	)		(53,967	)		(60,507	)
Debt satisfaction gains (charges), net		(10			—			9			(762	)
Change in value of forward equity commitment		(445	)		(1,617	)		5,548			460
Impairment charges and loan losses		(53,638	)		(6,879			(53,638	)		(6,879	)

Loss before benefit (provision) for income taxes, equity in earnings of non-consolidated entities and discontinued operations		(59,306	)		(15,502	)		(56,457	)		(23,615	)
Benefit (provision) for income taxes		(231	)		(605			1,293			(1,241	)
Equity in earnings of non-consolidated entities		7,600			5,368			11,599			10,606
Loss from continuing operations		(51,937	)		(10,739	)		(43,565	)		(14,250	)

Discontinued operations:
Income (loss) from discontinued operations		381			101			1,289			(1,545	)
Provision for income taxes		(6	)		(13	)		(9			(18	)
Debt satisfaction gains (charges), net		—			—			(60			3,385
Gains on sales of properties		170			52			5,069			498
Impairment charges		(5,565	)		(19,102	)		(35,131	)		(47,097	)
Total discontinued operations		(5,020	)		(18,962	)		(29,385			(44,777	)
Net loss		(56,957	)		(29,701			(72,950	)		(59,0270
Less net loss attributable to noncontrolling interests		12,699	)		5,600			11,253			8,159
Net loss attributable to Lexington Realty Trust shareholders		(44,258	)		(24,101			(61,697	)		(50,868	)
Dividends attributable to preferred shares - Series B		(1,590	)		(1,590			(3,180	)		(3,180	)
Dividends attributable to preferred shares - Series C		(1,690	)		(1,703			(3,380	)		(3,405	)
Dividends attributable to preferred shares - Series D		(2,925			(2,925			(5,851	)		(5,851	)
Dividends attributable to non-vested common shares		(76	)		(60			(155	)		(1230
Redemption discount - Series C		—			—			86			—
Net loss attributable to common shareholders	$	(50,539		$	(30,379	)	$	(74,177		$	(63,427	)

Loss per common share - basic and diluted:
Loss from continuing operations	$	(0.30		$	(0.14	)	$	(0.31	)	$	(0.22	)
Loss from discontinued operations	$	(0.03		$	(0.09	)		(0.19	)		(0.28	)
Net loss attributable to common shareholders	$	(0.33		$	(0.23	)	$	(0.50	)	$	(0.50	)

Weighted-average common shares outstanding - basic and diluted		151,526,956			133,141,084			148,866,015			127,339,144


Amounts attributable to common shareholders:
Loss from continuing operations	$	(45,769	)	$	(17,864	)	$	(45,242	)	$	(28,348	)
Loss from discontinued operations		(4,770	)		(12,515	)		(28,935	)		(35,079
Net loss attributable to common shareholders	$	(50,539	)	$	(30,379	)	$	(74,177	)	$	(63,427	)

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30, 2011 (unaudited) and December 31, 2010

(In thousands, except share and per share data)

	2011			2010
Assets:
Real estate, at cost	$	3,199,804		$	3,363,586
Investments in real estate under construction		7,251			11,258
Less: accumulated depreciation and amortization		602,004			601,239
		2,605,051			2,773,605
Property held for sale - discontinued operations		12,143			7,316
Intangible assets, net		192,083			203,495
Cash and cash equivalents		64,149			52,644
Restricted cash		30,304			26,644
Investment in and advances to non-consolidated entities		100,700			72,480
Deferred expenses, net		46,072			39,912
Loans receivable, net		112,987			88,937
Rent receivable - current		7,255			7,498
Rent receivable - deferred		7,825			6,293
Other assets		61,057			56,172
Total assets	$	3,239,626		$	3,334,996

Liabilities and Equity:
Liabilities:
Mortgages and notes payable	$	1,415,968		$	1,481,216
Exchangeable notes payable		61,770			61,438
Convertible notes payable		104,180			103,211
Trust preferred securities		129,120			129,120
Dividends payable		24,320			23,071
Liabilities - discontinued operations		5,123			3,876
Accounts payable and other liabilities		54,412			51,292
Accrued interest payable		12,218			13,989
Deferred revenue - below market leases, net		84,827			96,490
Prepaid rent		18,358			15,164
		1,910,296			1,978,867
Commitments and contingencies

Equity:
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares,
Series B Cumulative Redeemable Preferred, liquidation preference $79,000; 3,160,000 shares issued and outstanding		76,315			76,315
Series C Cumulative Convertible Preferred, liquidation preference $103,995 and $104,760; 2,079,904 and 2,095,200 shares issued and outstanding in 2011 and 2010, respectively		101,035			101,778
Series D Cumulative Redeemable Preferred, liquidation preference $155,000; 6,200,000 shares issued and outstanding		149,774			149,774
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 157,522,107 and 146,552,589 shares issued and outstanding in 2011 and 2010, respectively		16			15
Additional paid-in-capital		2,035,721			1,937,942
Accumulated distributions in excess of net income		(1,094,614	)		(985,562	)
Accumulated other comprehensive income (loss)		670			(106	)
Total shareholders' equity		1,268,917			1,280,156
Noncontrolling interests		60,413			75,973
Total equity		1,329,330			1,356,129
Total liabilities and equity	$	3,239,626		$	3,334,996

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

COMPANY FUNDS FROM OPERATIONS PER SHARE

(Unaudited and in thousands, except share and per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
COMPANY FUNDS FROM OPERATIONS: (1)
Basic and Diluted:
Net loss attributable to common shareholders	$	(50,539	)	$	(30,379	)	$	(74,177	)	$	63,427	)
Adjustments:
Depreciation and amortization		40,922			40,358			79,518			83,480	)
Noncontrolling interests - OP units		(1,398	)		447			(958			756
Amortization of leasing commissions		966			695			1,873			1,767
Joint venture and noncontrolling interest adjustment		(1,924	)		(526			(2,219	)
Preferred dividends - Series C		1,690			1,703			3,294			3,405
Gains on sales of properties		(170	)		(52	)		(5,069			(498	)
Interest and amortization on 6.00% Convertible Notes		2,326	)		2,325			4,653			3,958
Company FFO	$	(8,127	)	$	14,571		$	6,915		$	8,595

Basic:
Weighted-average common shares outstanding - basic		151,526,956			133,141,084			148,866,015			127,339,144
6.00% Convertible Notes		16,230,905			16,230,905			16,230,905			13,918,888
Non-vested share-based payment awards		138,457			58,512			130,662			51,664
Operating Partnership Units		4,824,501			5,379,186			4,861,704			5,384,193
Preferred Shares - Series C		5,062,278			5,099,507			5,077,293			5,099,507
Weighted-average common shares outstanding		177,783,097			159,909,194			175,166,579			151,793,396
Company FFO per common share - Basic	$	(0.05	)	$	0.09		$	0.04		$	.19

Diluted:
Weighted-average common shares outstanding - basic		151,526,956			133,141,084			148,866,015			127,339,144
6.00% Convertible Notes		16,230,905			16,230,905			16,230,905			13,918,888
Non-vested share-based payment awards		138,457			58,512			130,662			51,664
Operating Partnership Units		4,824,501			5,379,186			4,861,704			5,384,193
Preferred Shares - Series C		5,062,278			5,099,507			5,077,293			5,099,507
Options - Incremental shares		328,985			—			361,866			—
Weighted-average common shares outstanding		178,112,082			159,909,194			175,528,445			151,793,396
Company FFO per common share - Diluted	$	(0.05	)	$	0.09		$	0.04		$	.19

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

EARNINGS PER SHARE

(Unaudited and in thousands, except share and per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
EARNINGS PER SHARE:
Basic and Diluted:
Loss from continuing operations attributable to common shareholders	$	45,769	)	$	(17,864	)	$	(45,242	)	$	(28,348	)
Loss from discontinued operations attributable to common shareholders		(4,770	)		(12,515	)		(28,935	)		(35,079	)
Net loss attributable to common shareholders	$	50,539	)		(30,379	)	$	(74,177	)	$	(63,427	)

Weighted-average number of common shares outstanding		151,526,956			133,141,084			148,866,015			127,339,144
Loss per common share:
Loss from continuing operations	$	(0.30	)	$	(0.14	)	$	(0.31	)	$	(0.22	)
Loss from discontinued operations		(0.03	)		(0.09	)		(0.19	)		(0.28	)
Net loss attributable to common shareholders	$	(0.33	)	$	(0.23	)	$	(0.50	)	$	(0.50	)

1 Lexington believes that Funds from Operations (“FFO”) is a widely recognized and appropriate measure of the performance of an equity REIT. Lexington presents FFO because it considers FFO an important supplemental measure of Lexington's operating performance. Lexington believes FFO is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting their results. FFO is intended to exclude generally accepted accounting principles (“GAAP”) historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. As a result, FFO provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, development activities, interest costs and other matters without the inclusion of depreciation and amortization, providing perspective that may not necessarily be apparent from net income.

FFO is determined in accordance with standards established by the National Association of Real Estate Investment Trusts, Inc. (“NAREIT”). FFO is defined by NAREIT as “net income (or loss) computed in accordance with GAAP, excluding gains (or losses) from sales of property, plus real estate depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures.” FFO does not represent cash generated from operating activities in accordance with GAAP and is not indicative of cash available to fund cash needs. FFO should not be considered as an alternative to net income as an indicator of our operating performance or as an alternative to cash flow as a measure of liquidity.

Lexington includes in its calculation of FFO, which Lexington refers to as the “Company's funds from operations” or “Company FFO,” Lexington's operating partnership units, Lexington's Series C Cumulative Convertible Preferred Shares, and Lexington's 6.00% Convertible Notes because these securities are convertible, at the holder's option, into Lexington's common shares. Management believes this is appropriate and relevant to securities analysts, investors and other interested parties because Lexington presents Company FFO on a company-wide basis as if all securities that are convertible, at the holder's option, into Lexington's common shares, are converted. Since others do not calculate FFO in a similar fashion, Company FFO may not be comparable to similarly titled measures as reported by others.

# # #

LEXINGTON REALTY TRUST

2011 Second Quarter Leasing Summary

	NEW LEASES
	Tenants (Guarantors)	Location		Lease Expiration Date		Sq. Ft.		New Cash Rent Per Annum ($000)(1)		New GAAP Rent Per Annum ($000)(1)
	Office/Multi-Tenant
1	United States of America	Lenexa	KS		03/2022		193,830	$	4,287	$	7,380
2	Transamerica Life Insurance Company	Baltimore	MD		01/2022		15,614	$	667	$	887
3	First Investors Corporation	Glen Allen	VA		12/2016		3,491	$	36	$	36
4	Miles & Stockbridge P.C. (2)(3)	Baltimore	MD		03/2028		107,366	$	3,176	$	3,432
5	Pennsylvania School of Business, Inc. (4)	Allentown	PA		09/2021		22,392	$	44	$	44
6	Bolton Partners, Inc. (2)	Baltimore	MD		09/2016		14,629	$	266	$	266
7	Flexco, Inc.	Lisle	IL		08/2014		7,535	$	113	$	113
8	Ascendent Engineering and Safety Solutions, LLC	Johnson City	TN		06/2013		1,642	$	25	$	25
9	Oxford Global Resources, Inc. (On Assignment, Inc.)	Palm Beach Gardens	FL		09/2019		18,582	$	125	$	125
10	Mack Insurance Agency Inc.	Johnson City	TN		07/2013		1,643	$	16	$	16

10	TOTAL NEW LEASES						386,724	$	8,755	$	12,324

	LEASE EXTENSIONS
	Tenants (Guarantors)	Location		Prior Term	Lease Expiration Date		Sq. Ft.		New Cash Rent Per Annum ($000)(1)		Prior Cash Rent Per Annum ($000)		New GAAP Rent Per Annum ($000)(1)		Prior GAAP Rent Per Annum ($000)

	Office/Multi-Tenant
1	League of Women Voters of Honolulu	Honolulu	HI	05/2011		05/2014		651	$	6	$	12	$	6	$	12
2	Harbor Investment Advisory, LLC	Baltimore	MD	04/2015		05/2016		7,750	$	214	$	120	$	214	$	120
3	Honeywell International Inc. (4)	Glendale	AZ	07/2011		07/2019		252,300	$	837	$	1,171	$	907	$	1,484
4	HP Enterprise Services, LLC (4)	Des Moines	IA	04/2012		04/2017		405,000	$	1,184	$	1,488	$	1,264	$	1,416
5	TD Auto Finance LLC	Westlake	TX	12/2011		12/2016		130,290	$	2,850	$	3,660	$	2,537	$	3,455
6	United States of America	Beaumont	TX	06/2011		06/2012		1,982	$	38	$	38	$	38	$	38
7	Apria Healthcare, Inc.	Lake Forest	CA	01/2012		01/2022		100,012	$	1,078	$	2,036	$	1,199	$	1,792
8	Angell M.L. You	Honolulu	HI	05/2011		05/2014		423	$	11	$	12	$	11	$	12

8	Total office/multi-tenant lease extensions							898,408	$	6,218	$	8,537	$	6,176	$	8,329

	Industrial
1	Owens Corning Insulating Systems, LLC(5)	Hebron	OH	05/2011		08/2011		146,960	$	326	$	371	$	326	$	371

1	Total industrial lease extensions							146,960	$	326	$	371	$	326	$	371

9	TOTAL EXTENDED LEASES							1,045,368	$	6,544	$	8,908	$	6,502	$	8,700

19	TOTAL NEW AND EXTENDED LEASES							1,432,092	$	15,299	$	8,908	$	18,826	$	8,700

LEXINGTON REALTY TRUST

2011 Second Quarter Leasing Summary

	LEASE NON-RENEWAL
	Tenants/Guarantors		Location	Lease Expiration Date		Sq. Ft.		Prior Cash Rent Per Annum ($000)			Prior GAAP Rent Per Annum ($000)
	Office
1	Bally's Total Fitness of the Midwest, Inc. (Bally's Health & Tennis Corporation) (6)	Canton	OH		06/2011		37,214		$	279		234
2	The Wackenhut Wells Fargo Bank, N.A. (4)	Allentown Beach Gardens	PA		06/2011		48,838			81		215

2	TOTAL LEASE NON-RENEWALS						86,052					449

Footnotes

(1)

Assumes twelve months rent from the later of 07/01/2011 or lease commencement/extension.

(2)

RBC Capital Markets, LLC surrendered 43,887 sf and paid a $1.4 million termination payment.

(3)

Estimated occupancy is 4/1/2012 with rent commencing 4/1/2013.

(4)

Investment held in Net Lease Strategic Assets Fund L.P., rent amounts reflect Lexington's 47.73% ownership percentage, however square footage is actual.

(5)

Lease space contracted to 80,960 sf effective 7/1/2011. Prior cash and GAAP rent for 168,960 sf.

(6)

Property under contract to sell for $1.7 million.

LEXINGTON REALTY TRUST

2011 Second Quarter Investment/Disposition Summary

	PROPERTY INVESTMENTS
	Tenants (Guarantors)	Location		Property Type	Initial Basis ($000)		Estimated Current Annual Cash Rent ($000)		Current Cash Yield			Current GAAP Yield			Lease Expiration
1	Asics America Corporation (Asics Corporation)	Byhalia	MS	Industrial	$	27,492	$	2,548		9.3	%		10.7	%		03/2026
2	3D Systems Corporation	Rock Hill	SC	Office	$	7,395	$	657		8.9	%		9.3	%		08/2021
3	Experian Information Solutions, Inc. (Experian Holdings, Inc.) (1)	Allen	TX	Office	$	36,304	$	3,073		8.5	%		8.5	%		03/2018
4	Clearwater Paper Corporation	Shelby	NC	Industrial	$	23,470	$	2,142		9.1	%		11.1	%		05/2031
5	Westell Technologies, Inc. (2)	Aurora	IL	Office	$	14,180	$	1,989		14.0	%		12.9	%		09/2017

5	TOTAL PROPERTY INVESTMENTS				$	108,841	$	10,409		9.6	%		10.2	%

	LOAN INVESTMENTS
		Amount ($000)		Current Yield			Maturity
1	Norcross, GA/ E. Greenbush, NY (3)	$	10,000		16.8	%		06/2013
2	New York, NY (4)	$	5,760		2.2	%		02/2012

2	TOTAL LOAN INVESTMENTS	$	15,760

	BUILT-TO-SUIT TRANSACTIONS
		Property Type	Sq. Ft.		Maximum Loan Commitment ($000)		Estimated Purchase Price ($000)		Lease Term (Years)		Estimated Completion Date
1	Huntington, WV	Office		70,000	$	11,826	$	13,000		15		11/2011
2	Shreveport, LA	Industrial		257,000	$	2,520	$	13,064		10		06/2012

2	TOTAL BUILD-TO-SUIT TRANSACTIONS				$	14,346	$	26,064

	DISPOSITIONS
	Tenants (Guarantors)	Location		Property Type	Gross Sale Price ($000)		Annualized NOI ($000)			Month of Disposition
1	Vacant	New Kingstown	PA	Industrial	$	7,000	$	(293	)	April
2	Rotron Incorporated (EG&G, Inc.) (5)	Saugerties	NY	Industrial	$	800	$	118		April
3	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	El Paso	TX	Retail	$	835	$	167		April
4	Brookshire Grocery Company	Hillsboro	TX	Retail	$	1,592	$	158		May
5	The Kroger Co.	Houston	TX	Retail	$	2,776	$	283		May

5	TOTAL DISPOSITIONS				$	13,003	$	433

Footnotes

(1)

Acquired from Net Lease Strategic Assets Fund L.P.

(2)

Lexington has an 87% joint venture interest in the property and is entitled to a 15% internal rate of return, including a 9.6% current annual preferred return on its investment.

(3)

Interest rate is 15% for the first year and 18.5% for the second year.

(4)

Lexington has a 50% joint venture interest in this investment and amount represents Lexington's investment. At maturity expected proceeds are $7.8 million.

(5)

Lexington had a 57.8% interest in this property.

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)
OFFICE PROPERTIES
2011	9/30/2011	200 Lucent Ln.	Cary	NC		--	Alcatel-Lucent USA, Inc.		1999		124,944		1,174		1,029
	11/30/2011	4000 Johns Creek Pkwy.	Suwanee	GA		--	PerkinElmer Instruments, LLC		2001		13,955		279		240
	12/31/2011	37101 Corporate Dr.	Farmington Hills	MI		--	Continental Automotive Systems, Inc.		2001		119,829		3,936		2,489
2012	1/31/2012	1275 Northwest 128th St.	Clive	IA		--	Principal Life Insurance Company		2004		61,180		400		400
		4000 Johns Creek Pkwy.	Suwanee	GA		--	Kraft Foods Global, Inc.		2001		73,264		722		693
	3/31/2012	120 East Shore Dr.	Glen Allen	VA		16	Capital One Services, LLC		2000		77,045		376		387
		1701 Market St.	Philadelphia	PA		4	Car-Tel Communications, Inc.		1957/1997		1,220		24		24
		3940 South Teller St.	Lakewood	CO		--	MoneyGram Payment Systems, Inc.		2002		68,165		620		434
	8/31/2012	2706 Media Center Dr.	Los Angeles	CA		--	Sony Electronics, Inc.		2000		20,203		105		105
		5757 Decatur Blvd.	Indianapolis	IN		--	Allstate Insurance Company		2002		84,200		687		774
							Damar Services, Inc.		2002		5,756		22		22
	10/31/2012	4455 American Way	Baton Rouge	LA		--	Bell South Mobility Inc.		1997		70,100		578		557
	11/7/2012	2706 Media Center Dr.	Los Angeles	CA		--	Playboy Enterprises, Inc.		2000		63,049		776		629
	11/14/2012	2211 South 47th St.	Phoenix	AZ		--	Avnet, Inc.		1997		176,402		1,204		1,130
	12/31/2012	200 Executive Blvd. South	Southington	CT		--	Hartford Fire Insurance Company		1984/2006		153,364		840		812
2013	1/31/2013	12600 Gateway Blvd.	Fort Meyers	FL		--	Gartner, Inc.		1998		62,400		569		546
		810 & 820 Gears Rd.	Houston	TX		--	IKON Office Solutions, Inc.		2000		157,790		1,148		1,126
	3/31/2013	3165 McKelvey Rd.	Bridgeton	MO		--	BJC Health System		1981		52,994		195		263
	4/30/2013	Sandlake Rd./Kirkman Rd.	Orlando	FL		--	Lockheed Martin Corporation		1982		184,000		480		935
	5/31/2013	6303 Barfield Rd.	Atlanta	GA		--	International Business Machines Corporation (Internet Security Systems, Inc.)		2000/2001		238,600		2,471		2,441
	6/30/2013	2210 Enterprise Dr.	Florence	SC		--	JPMorgan Chase Bank, National Association		1998		179,300		628		628
	9/30/2013	9200 South Park Center Loop	Orlando	FL		--	Corinthian Colleges, Inc.		2003		59,927		659		579
	11/30/2013	10475 Crosspoint Blvd.	Indianapolis	IN		--	Yellow Book Sales and Distribution Company, Inc.		1999		3,764		32		32
		1110 Bayfield Dr.	Colorado Springs	CO		--	Honeywell International Inc.	1980/1990/2002			166,575		0		800
	12/13/2013	3333 Coyote Hill Rd.	Palo Alto	CA		--	Xerox Corporation	1973/1975/1982			202,000		1,749		1,695
	12/31/2013	2550 Interstate Dr.	Harrisburg	PA		--	New Cingular Wireless PCS, LLC		1998		81,859		952		935
2014	1/31/2014	1701 Market St.	Philadelphia	PA		4	Morgan, Lewis & Bockius, LLP		1957/1997		290,565		2,232		2,232
		850-950 Warrenville Rd.	Lisle	IL		--	James J. Benes & Associates, Inc.		1984		6,347		68		53
	3/15/2014	101 East Erie St.	Chicago	IL		--	Draftfcb, Inc. (Interpublic Group of Companies, Inc.)		1986		212,988		2,058		2,493
	5/31/2014	3476 Stateview Blvd.	Fort Mill	SC		--	Wells Fargo Bank, N.A.		2002		169,083		1,307		1,267
		3480 Stateview Blvd.	Fort Mill	SC		--	Wells Fargo Bank, N.A.		2004		169,218		1,782		1,725
		859 Mount Vernon Hwy.	Atlanta	GA		8	International Business Machines Corporation (Internet Security Systems, Inc.) / Problem Solved, LLC (iXP Corporation)		2004		50,400		628		515
	7/31/2014	16676 Northchase Dr.	Houston	TX		--	Anadarko Petroleum Corporation		2003		101,111		825		814
	8/31/2014	850-950 Warrenville Rd.	Lisle	IL		--	Flexco, Inc.		1984		7,535		0		0
	9/30/2014	333 Mt. Hope Ave.	Rockaway	NJ		--	BASF Corporation	1981/2002/2004			95,500		1,122		1,061
	10/31/2014	1409 Centerpoint Blvd.	Knoxville	TN		--	Alstom Power, Inc.		1997		84,404		831		810
		2800 Waterford Lake Dr.	Midlothian	VA		--	Alstom Power, Inc.		2000		99,057		1,035		1,007
		700 US Hwy. Route 202-206	Bridgewater	NJ		--	Biovail Pharmaceuticals, Inc. (Valeant Pharmaceuticals International, Inc.)	1985/2003/2004			115,558		1,156		1,424
	12/14/2014	22011 Southeast 51st St.	Issaquah	WA		--	OSI Systems, Inc. (Instrumentarium Corporation)		1987		95,600		1,005		944
		5150 220th Ave.	Issaquah	WA		--	OSI Systems, Inc. (Instrumentarium Corporation)		1992		106,944		1,134		1,076
	12/31/2014	1066 Main St.	Forest Park	GA		--	Bank of America, NA (Bank of America Corporation)		1969		14,859		100		100
		1698 Mountain Industrial Blvd.	Stone Mountain	GA		--	Bank of America, NA (Bank of America Corporation)		1973		5,704		48		48
		180 South Clinton St.	Rochester	NY		--	Frontier Corporation		1988/2000		226,000		1,489		1,485
		201 West Main St.	Cumming	GA		--	Bank of America, NA (Bank of America Corporation)		1968/1982		14,208		99		99
		2223 North Druid Hills Rd.	Atlanta	GA		--	Bank of America, NA (Bank of America Corporation)		1972		6,260		56		56
		275 Technology Dr.	Canonsburg	PA		--	ANSYS, Inc.		1996		107,872		715

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011


Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)
OFFICE PROPERTIES
		400 Butler Farm Rd.	Hampton	VA		--	Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company)		1999		100,632		627		621
		4545 Chamblee – Dunwoody Rd.	Chamblee	GA		--	Bank of America, NA (Bank of America Corporation)		1972		4,565		44		44
		825 Southway Dr.	Jonesboro	GA		--	Bank of America, NA (Bank of America Corporation)		1971		4,894		39		39
		956 Ponce de Leon Ave.	Atlanta	GA		--	Bank of America, NA (Bank of America Corporation)		1975		3,900		39		39
2015	1/31/2015	26555 Northwestern Hwy.	Southfield	MI		--	Federal-Mogul Corporation	1963/1965/1988/1989			187,163		579		709
	4/30/2015	13775 McLearen Rd.	Herndon	VA		--	Equant, Inc. (Equant, NV)	1985/1986/1992/1999			125,293		1,081		1,067
	7/1/2015	33 Commercial St.	Foxboro	MA		--	Invensys Systems, Inc. (Siebe, Inc.)		1982/1987		164,689		2,907		1,781
	7/31/2015	4001 International Pkwy.	Carrollton	TX		--	Motel 6 Operating, LP (Accor S.A.)		2003		138,443		1,599		1,597
	9/27/2015	10001 Richmond Ave.	Houston	TX		--	Baker Hughes Incorporated		1976		554,385		6,567		3,688
		12645 West Airport Rd.	Sugar Land	TX		--	Baker Hughes Incorporated		1997		165,836		1,667		971
	9/30/2015	500 Olde Worthington Rd.	Westerville	OH		--	InVentiv Communications, Inc.		2000		97,000		556		628
		550 Business Center Dr.	Lake Mary	FL		--	JPMorgan Chase Bank, National Association		1999		125,920		917		1,048
		600 Business Center Dr.	Lake Mary	FL		--	JPMorgan Chase Bank, National Association		1996		125,155		879		1,025
	10/31/2015	12209 West Markham St.	Little Rock	AR		--	Entergy Arkansas, Inc.		1980		36,311		118		119
2016	4/30/2016	11511 Luna Rd.	Farmers Branch	TX		--	Haggar Clothing Company (Texas Holding Clothing Corporation and Haggar Corporation)		2000		180,507		1,131		1,594
		2000 Eastman Dr.	Milford	OH		--	Siemens Corporation		1991		221,215		1,243		994
	10/31/2016	104 & 110 South Front St.	Memphis	TN		--	Hnedak Bobo Group, Inc.	1871/1980/1988/1999			37,229		242		251
	12/31/2016	2050 Roanoke Rd.	Westlake	TX		--	TD Auto Finance LLC		2001		130,290		1,830		1,487
2017	4/30/2017	1315 West Century Dr.	Louisville	CO		--	Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC)		1987/2006		106,877		767		800
	9/30/2017	9201 East Dry Creek Rd.	Centennial	CO		--	The Shaw Group, Inc.		2001/2002		128,500		1,141		1,186
	11/30/2017	6200 Northwest Pkwy.	San Antonio	TX		--	United HealthCare Services, Inc.		2000		142,500		891		933
2018	3/14/2018	601 & 701 Experian Pkwy.	Allen	TX		--	Experian Information Solutions, Inc. (Experian Holdings, Inc.)		1981/1983		292,700		264		264
	5/30/2018	13651 McLearen Rd.	Herndon	VA		--	United States of America		1987		159,644		1,575		1,693
	6/30/2018	100 Barnes Rd.	Wallingford	CT		--	3M Company	1978/1985/1990/1993			44,400		228		254
	7/31/2018	4300 Northcorp Pkway	Palm Beach Gardens	FL		--	Office Suites Plus Properties, Inc.		1996		18,400		238		237
	9/30/2018	1701 Market St.	Philadelphia	PA		4	CBC Restaurant Corp.		1957/1997		8,070		104		105
	11/30/2018	4201 Marsh Ln.	Carrollton	TX		19	Carlson Restaurants, Inc. (Carlson, Inc.)		2003		130,000		963		988
	12/22/2018	5200 Metcalf Ave.	Overland Park	KS		--	Swiss Re America Holding Corporation	1980/1990/2004/2005			320,198		2,303		2,319
2019	4/1/2019	9201 Stateline Rd.	Kansas City	MO		--	Swiss Re America Holding Corporation	1963/1973/1985/2003			155,925		1,078		1,078
	6/19/2019	3965 Airways Blvd.	Memphis	TN		--	Federal Express Corporation	1982/1983/1985			521,286		3,407		3,507
	6/30/2019	275 South Valencia Ave.	Brea	CA		--	Bank of America, National Association		1983		637,503		4,355		4,314
	7/31/2019	500 Jackson St.	Columbus	IN		--	Cummins, Inc.		1984		390,100		2,213		2,270
	10/31/2019	10475 Crosspoint Blvd.	Indianapolis	IN		--	John Wiley & Sons, Inc.		1999		123,416		1,065		1,134
	12/31/2019	850-950 Warrenville Rd.	Lisle	IL		--	National-Louis University		1984		85,532		611		729
2020	1/31/2020	10300 Kincaid Dr.	Fishers	IN		--	Roche Diagnostics Operations, Inc.		1999		193,000		1,665		1,712
	2/14/2020	5600 Broken Sound Blvd.	Boca Raton	FL		--	Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.)		1983/2002		143,290		1,081		1,122
	7/8/2020	1460 Tobias Gadsen Blvd.	Charleston	SC		--	Hagemeyer North America, Inc.		2005		50,076		390		420
2021	3/31/2021	1311 Broadfield Blvd.	Houston	TX		--	Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.)		2000		155,040		1,347		1,312
	6/30/2021	1415 Wyckoff Rd.	Wall	NJ		--	New Jersey Natural Gas Company		1983		157,511		1,656		1,656
	8/31/2021	333 Three D Systems Circle	Rock Hill	SC		--	3D Systems Corporation		2006		80,028		92		100
	11/30/2021	29 South Jefferson Rd.	Whippany	NJ		--	CAE SimuFlite, Inc. (HP Whippany, LLC)		2006/2008		123,734		1,179		1,164
2022	1/31/2022	26210 and 26220 Enterprise Court	Lake Forest	CA		--	Apria Healthcare, Inc. (Apria Healthcare Group, Inc.)		2001		100,012		674		701
	3/31/2022	11201 Renner Blvd.	Lenexa	KS		7	Applebee’s Services, Inc. (DineEquity, Inc.) / United States of America		2007		178,000		1,808		1,483
	12/31/2022	147 Milk St.	Boston	MA		--	Harvard Vanguard Medical Associates, Inc.		1910		52,337		766		831
2023	3/31/2023	6555 Sierra Dr.	Irving	TX		--	TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC)		1999		247,254		1,493		1,476
		8900 Freeport Pkwy.	Irving	TX		--	Nissan Motor Acceptance Corporation (Nissan North America, Inc.)		2003		225,049		1,519		1,636
2025	11/30/2025	11707 Miracle Hills Dr.	Omaha	NE		--	Infocrossing, Inc.		1989/1995		85,200		583		583
	12/31/2025	2005 East Technology Cir.	Tempe	AZ		--	Infocrossing, Inc.		1998		60,000		564		564

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011

Year of Lease Expiration	Date of Lease Expiration		Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)
OFFICE PROPERTIES
2026	12/29/2026		5500 New Albany Road	Columbus	OH		--	Evans, Mechwart, Hambleton & Tilton, Inc.		2005		104,807		760		870
2029	1/31/2029		6226 West Sahara Ave.	Las Vegas	NV		--	Nevada Power Company		1983/1994		282,000		4,035		2,126
	12/31/2029		400 East Stone Ave.	Greenville	SC		9	Canal Insurance Company	1948/1981/1982/1986/1991/2006/2008			128,041		462		0
N/A		N/A	1701 Market St.	Philadelphia	PA		4	Parking Operators		1957/1997		0		1,189		1,189
								(Available for Lease)		1957/1997		5,315		0		0
			101 East Erie St.	Chicago	IL		--	(Available for Lease)		1986		17,716		0		0
			10475 Crosspoint Blvd.	Indianapolis	IN		--	(Available for Lease)		1999		13,867		0		0
			8900 Freeport Pkwy.	Irving	TX		--	(Available for Lease)		2003		43,396		0		0
OFFICE TOTAL/WEIGHTED AVERAGE								99.4%				12,595,249	$	102,847	$	96,061

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq. Ft. Leased or Available (1)		Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)
INDUSTRIAL PROPERTIES
2011	MTM	200 Arrowhead Dr.	Hebron	OH		--	Owens Corning Insulating Systems, LLC		2000		400,522		409		409
	8/31/2011	191 Arrowhead Dr.	Hebron	OH		--	Owens Corning Insulating Systems, LLC		1999		80,960		118		118
2012	2/15/2012	1601 Pratt Ave.	Marshall	MI		--	Enbridge Energy, Limited Partnership		1979		58,300		89		89
	8/4/2012	101 Michelin Dr.	Laurens	SC		--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		1991/1993		1,164,000		1,707		1,652
		7111 Crabb Rd.	Temperance	MI		--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		1978/1993		744,570		1,144		1,107
	10/31/2012	43955 Plymouth Oaks Blvd.	Plymouth	MI		--	Tower Automotive Operations USA I, LLC (Tower Automotive Inc.)		1996/1998		290,133		943		917
	12/31/2012	245 Salem Church Rd.	Mechanicsburg	PA		--	Exel, Inc. (NFC plc)		1985		252,000		435		433
2013	5/31/2013	2203 Sherrill Dr.	Statesville	NC		--	Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation)		1999/2002		639,800		860		860
	12/31/2013	1133 Poplar Creek Rd.	Henderson	NC		--	Staples, Inc. (Corporate Express, Inc.)		1998/2006		196,946		438		405
2014	1/1/2014	2415 US Hwy. 78 East	Moody	AL		--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		2004		595,346		527		527
	12/31/2014	3686 South Central Ave.	Rockford	IL		--	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)		1998		90,000		202		157
2015	12/31/2015	749 Southrock Dr.	Rockford	IL		--	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)		1992		150,000		238		244
2016	2/28/2016	7670 Hacks Cross Rd.	Olive Branch	MS		--	MAHLE Clevite, Inc. (MAHLE Industries, Incorporated)		1989		268,104		477		458
	3/31/2016	19500 Bulverde Rd.	San Antonio	TX		--	Harcourt Inc. (Harcourt General, Inc.)		2001		559,258		1,748		1,715
		2455 Premier Dr.	Orlando	FL		--	Walgreen Co.		1980		205,016		254		393
	5/31/2016	291 Park Center Dr.	Winchester	VA		--	Kraft Foods Global, Inc.		2001		344,700		771		645
	8/31/2016	10590 Hamilton Ave.	Cincinnati	OH		--	The Hillman Group, Inc.	1991/1994/1995/2005			248,200		396		396
	9/30/2016	900 Industrial Blvd.	Crossville	TN		--	Dana Commercial Vehicle Products, LLC		1989/2006		222,200		342		342
2017	2/28/2017	3456 Meyers Ave.	Memphis	TN		--	Sears Logistics Services		1973		780,000		796		847
	6/30/2017	7500 Chavenelle Rd.	Dubuque	IA		--	The McGraw-Hill Companies, Inc.		2001		330,988		576		582
	9/30/2017	250 Swathmore Ave.	High Point	NC		--	Steelcase Inc.		2002		244,851		544		543
	10/31/2017	1420 Greenwood Rd.	McDonough	GA		--	Versacold USA, Inc.		2000/2007		296,972		1,322		1,298
2018	6/30/2018	1650-1654 Williams Rd.	Columbus	OH		--	ODW Logistics, Inc.		1973		772,450		674		671
	9/30/2018	50 Tyger River Dr.	Duncan	SC		--	Plastic Omnium Auto Exteriors, LLC	2005/2007/2008			221,833		479		479
2019	4/30/2019	113 Wells St.	North Berwick	ME		--	United Technologies Corporation		1965/1980		972,625		768		768
	10/17/2019	10345 Philipp Pkwy.	Streetsboro	OH		--	L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.)		2004		649,250		1,259		1,305
2020	3/31/2020	2425 Hwy. 77 North	Waxahachie	TX		--	James Hardie Building Products, Inc. (James Hardie NV)		1996/2001		335,610		1,700		1,700
	6/30/2020	3102 Queen Palm Dr.	Tampa	FL		--	Time Customer Service, Inc. (Time Incorporated)		1986		229,605		626		638
	9/30/2020	3350 Miac Cove Rd.	Memphis	TN		--	Mimeo.com, Inc.		1987		107,400		202		187
	12/19/2020	1901 Ragu Dr.	Owensboro	KY		6	Unilever Supply Chain, Inc. (Unilever United States, Inc.)	1975/1979/1995			443,380		524		746
2021	5/31/2021	477 Distribution Pkwy.	Collierville	TN		--	Federal Express Corporation	1984/1987/2005			120,000		240		202
	9/30/2021	3820 Micro Dr.	Millington	TN		--	Ingram Micro L.P (Ingram Micro Inc.)		1997		701,819		1,220		943
	11/30/2021	2880 Kenny Biggs Rd.	Lumberton	NC		--	Quickie Manufacturing Corporation	1998/2001/2006			423,280		647		678
2025	6/30/2025	10000 Business Blvd.	Dry Ridge	KY		--	Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited)		1988/1999		336,350		673		673
		301 Bill Bryan Rd.	Hopkinsville	KY		--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1987/1999/2000/2006			424,904		844		844
		4010 Airpark Dr.	Owensboro	KY		--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)		1998/2001		211,598		604		604
		730 North Black Branch Rd.	Elizabethtown	KY		--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)		2001		167,770		268		268
		750 North Black Branch Rd.	Elizabethtown	KY		--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1995/2000/2001			539,592		1,419		1,419
	7/31/2025	7005 Cochran Rd.	Glenwillow	OH		--	Royal Appliance Manufacturing Company		1997		458,000		972		1,126
2026	3/30/2026	121 Technology Dr.	Durham	NH		15	Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation)	1986/2002/2003			500,500		607		1,269
	3/31/2026	459 Wingo Road	Byhalia	MS		--	Asics America Corporation (Asics Corporation)		2011		513,734		403		466
	10/31/2026	5001 Greenwood Rd.	Shreveport	LA		--	Libbey Glass Inc. (Libbey Inc.)		2006		646,000		996		1,083
	11/30/2026	250 Rittenhouse Cir.	Bristol	PA		--	Northtec LLC (The Estee Lauder Companies Inc.)		1983/1997		241,977		0		94

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011

Year of Lease Expiration	Date of Lease Expiration		Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq. Ft. Leased or Available (1)		Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)
INDUSTRIAL PROPERTIES
2031	5/31/2031		671 Washburn Switch Rd.	Shelby	NC		--	Clearwater Paper Corporation		2011		673,518		89		108
N/A		N/A	191 Arrowhead Dr.	Hebron	OH		--	(Available for Lease)		1999		169,450		0		0
			3350 Miac Cove Rd.	Memphis	TN		--	(Available for Lease)		1987		32679		0		0
INDUSTRIAL TOTAL/WEIGHTED AVERAGE								98.9%				18,056,190	$	29,550	$	30,408

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)
RETAIL PROPERTIES
2012	4/30/2012	10415 Grande Ave.	Sun City	AZ		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1982		10,000		83		133
		402 East Crestwood Dr.	Victoria	TX		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1982		10,000		83		58
		4121 South Port Ave.	Corpus Christi	TX		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1980		10,000		83		68
		900 South Canal St.	Carlsbad	NM		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1981		10,000		83		53
		901 West Expwy.	McAllen	TX		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1980		10,000		83		82
	5/31/2012	3451 Alta Mesa Blvd.	Fort Worth	TX		--	Minyard Food Stores, Inc. (Safeway Stores, Inc.)		1985		44,000		152		180
	6/30/2012	1600 East 23rd St.	Chattanooga	TN		--	BI-LO, LLC		1983		42,130		67		67
	11/30/2012	101 West Buckingham Rd.	Garland	TX		--	Minyard Food Stores, Inc.		1982		40,000		163		163
		205 Homer Rd.	Minden	LA		--	Brookshire Grocery Company (Safeway Stores, Inc.)		1981		35,000		96		143
2013	2/28/2013	1146 Gum Branch Rd.	Jacksonville	NC		18	Food Lion, Inc. (Delhaize America, Inc.)		1982/1995		23,000		42		55
		291 Talbert Blvd.	Lexington	NC		--	Food Lion, Inc. (Delhaize America, Inc.)		1981		23,000		69		69
		3211 West Beverly St.	Staunton	VA		--	Food Lion, Inc. (Delhaize America, Inc.)		1971		23,000		83		83
		S. Carolina 52/52 Bypass	Moncks Corner	SC		--	Food Lion, Inc. (Delhaize America, Inc.)		1982		23,000		31		62
		US 221 & Hospital Rd.	Jefferson	NC		--	Food Lion, Inc. (Delhaize America, Inc.)		1981		23,000		36		36
	7/1/2013	1053 Mineral Springs Rd.	Paris	TN		--	The Kroger Co.		1982		31,170		80		107
	10/31/2013	1084 East Second St.	Franklin	OH		--	Marsh Supermarkets, Inc.		1961/1978		29,119		56		79
		130 Midland Ave.	Port Chester	NY		--	Pathmark Stores, Inc.		1982		59,000		229		598
		5104 North Franklin Rd.	Lawrence	IN		--	Marsh Supermarkets, Inc.		1958		28,721		97		97
2014	3/31/2014	N.E.C. 45th St./Lee Blvd.	Lawton	OK		--	Associated Wholesale Grocers, Inc. (Safeway Stores, Inc.)		1984		30,757		93		103
2015	1/31/2015	1700 State Route 160	Port Orchard	WA		--	Moran Foods, Inc. d/b/a Save-A-Lot, Ltd.		1983		16,037		41		41
	5/31/2015	24th St. West & St. John’s Ave.	Billings	MT		--	Safeway Stores, Inc.		1981		40,800		93		166
2016	5/31/2016	12535 Southeast 82nd Ave.	Clackamas	OR		--	TRU 2005 RE I, LLC		1981		42,842		153		160
		18601 Alderwood Mall Blvd.	Lynnwood	WA		--	TRU 2005 RE I, LLC		1981/1993		43,105		141		148
		4811 Wesley St.	Greenville	TX		--	Brookshire Grocery Company (Safeway Stores, Inc.)		1985		48,492		85		121
		6910 South Memorial Hwy.	Tulsa	OK		--	Toys “R” Us-Delaware, Inc.		1981		43,123		129		135
2017	3/31/2017	1610 South Westmoreland Ave.	Dallas	TX		--	Malone’s Food Stores, Ltd.		1960		70,910		181		241
2018	2/26/2018	399 Peachwood Centre Dr.	Spartanburg	SC		--	Best Buy Co., Inc.		1996		45,800		198		198
		4831 Whipple Ave., Northwest	Canton	OH		--	Best Buy Co., Inc.		1995		46,350		233		233
	9/30/2018	835 Julian Ave.	Thomasville	NC		--	Mighty Dollar, LLC		1983		23,767		35		35
	10/31/2018	10340 U.S. 19	Port Richey	FL		--	Kingswere Furniture, LLC		1980		53,820		173		173
	12/31/2018	1150 West Carl Sandburg Dr.	Galesburg	IL		--	Kmart Corporation		1992		94,970		21		164
		12080 Carmel Mountain Rd.	San Diego	CA		--	Sears Holdings Corporation		1993		107,210		24		376
		21082 Pioneer Plaza Dr.	Watertown	NY		--	Kmart Corporation		1993		120,727		36		241
		255 Northgate Dr.	Manteca	CA		--	Kmart Corporation		1993		107,489		38		278
		5350 Leavitt Rd.	Lorain	OH		--	Kmart Corporation		1993		193,193		54		366
		97 Seneca Trail	Fairlea	WV		--	Kmart Corporation		1993/1999		90,933		25		173
2028	8/31/2028	9803 Edmonds Way	Edmonds	WA		--	Pudget Consumers Co-op d/b/a PCC Natural Markets		1981		35,459		301		301
N/A	N/A	1700 State Route 160	Port Orchard	WA		--	(Available for Lease)		1983		11,931		0		0
		4733 Hills & Dales Rd.	Canton	OH		17	(Available for Lease)		1987		37,214		140		117
RETAIL TOTAL/WEIGHTED AVERAGE							97.2%				1,779,069		3,810		5,903

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Gross Book Value ($000) (10)		Sq.Ft.		Percentage Leased			Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)		Debt Balance ($000)
MULTI-TENANT PROPERTIES (14)
Various	Various	10 John St.	Clinton	CT		6	Multi-Tenant		1972		3,195		41,188		0	%		0		0		0
		100 East Shore Dr.	Glen Allen	VA		--	Multi-Tenant		1999		11,482		68,003		100	%		696		641		19,305
		100 Light St.	Baltimore	MD		13	Multi-Tenant		1973/2009		234,598		476,459		95	%		2,789		3,615		0
		140 East Shore Dr.	Glen Allen	VA		12	Multi-Tenant		2000		13,452		79,675		72	%		337		405		0
		13430 North Black Canyon Fwy.	Phoenix	AZ		11		1981/1982/2005/2007/2009			16,706		138,940		100	%		1,140		1,136		0
		1500 Hughes Way	Long Beach	CA		5	Multi-Tenant		1981		63,018		490,055		68	%		3,713		3,785		0
		160 Clairemont Ave.	Decatur	GA		--	Multi-Tenant		1983		20,350		121,686		78	%		982		982		0
		207 Mockingbird Ln.	Johnson City	TN		11	Multi-Tenant		1979		10,131		60,684		100	%		338		378		0
		2300 Litton Ln.	Hebron	KY		11	Multi-Tenant		1986/1996		9,740		80,441		100	%		247		228		0
		350 Pine St.	Beaumont	TX		11	Multi-Tenant		1981		29,625		425,198		82	%		2,587		2,674		0
		4200 Northcorp Pkway	Palm Beach Gardens	FL		11 / 17	Multi-Tenant		1996		19,362		95,080		20	%		302		302		0
		421 Butler Farm Rd.	Hampton	VA		--	Multi-Tenant		2000		7,363		56,564		65	%		301		301		0
		4848 129th East Ave.	Tulsa	OK		17	Multi-Tenant		2000		13,018		101,100		0	%		120		120		7,119
		6050 Dana Way	Antioch	TN		--	Multi-Tenant		1999		14,953		674,528		62	%		576		623		0
		6277 Sea Harbor Dr.	Orlando	FL		--	Multi-Tenant		1984		51,781		360,307		0	%		19		19		0
		King St./1032 Fort St. Mall	Honolulu	HI		11 / 13	Multi-Tenant		1979/2002		47,079		318,451		93	%		1,288		681		0
MULTI-TENANT TOTAL/WEIGHTED AVERAGE							67.1% Leased						3,588,359				$	15,435	$	15,890	$	26,424
TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE							95.8% Leased						18,805,645				$	122,181	$	117,962

Footnotes

1	Square foot leased or vacant.

2	Six months ended 6/30/11 cash rent.

3	Six months ended 6/30/11 GAAP base rent.

4	Lexington has an 80.5% interest in this property.

5	Lexington has a 55.0% interest in this property.

6	Lexington has a 71.1% interest in this property.

7	Applebee's lease terminates effective 10/31/2011, however new lease with United States of America expires 3/31/2022

8	IBM lease expires 05/2013, however, new tenant (Problem Solved, LLC) leases 16,000 sf through 05/2014.

9	Property is classified as a capital lease for GAAP, accordingly $493 income is included in non-operating income.

10	Represents GAAP capitalized costs.

11	Property is collateral for secured credit facility.

12	Mortgage shown under 100 East Shore Dr., Glen Allen VA.

13	Includes parking operations.

14	The multi-tenanted properties incurred approximately $9.4 million in operating expenses, net for the six months ended June 30, 2011.

15	Heidelberg Americas, Inc. lease expires 3/30/2021, however, new tenant (Goss International Americas, Inc.) lease expires 3/30/2026.

16	Subsequent to 6/30/2011, lease extended to 5/31/2017.

17	Amounts represent prior tenant.

18	Property disposed of subsequent to June 30, 2011.

19	Subsequent to 6/30/2011, lease extended to 11/30/2022.

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)
NET LEASE STRATEGIC ASSETS FUND PROPERTIES
2012	5/31/2012	101 Creger Dr.	Ft. Collins	CO		--	Lithia Real Estate, Inc. (Lithia Motors, Inc.)		1982		10,000		137		118
2013	5/31/2013	2401 Cherahala Blvd.	Knoxville	TN		--	AdvancePCS		2002		59,748		450		450
	6/30/2013	420 Riverport Rd.	Kingsport	TN		--	Kingsport Power Company		1981		42,770		155		153
	10/14/2013	3943 Denny Ave.	Pascagoula	MS		--	Northrop Grumman Systems Corporation		1995		94,841		319		319
	12/31/2013	120 Southeast Pkwy. Dr.	Franklin	TN		--	Essex Group, Inc. (United Technologies Corporation)		1970/1983		289,330		367		327
2014	1/31/2014	109 Stevens St.	Jacksonville	FL		--	Wagner Industries, Inc.		1959/1967		168,800		73		118
		1401 & 1501 Nolan Ryan Pkwy.	Arlington	TX		--	Siemens Corporation		2003		236,547		1,362		1,340
	4/30/2014	12000 & 12025 Tech Center Dr.	Livonia	MI		--	Kelsey-Hayes Company (TRW Automotive, Inc.)	1987/1988/1990			180,230		1,041		1,037
	6/30/2014	70 Mechanic St.	Foxboro	MA		--	Invensys Systems, Inc. (Siebe, Inc.)	1965/1967/1971			251,914		3,182		2,976
	12/31/2014	324 Industrial Park Rd.	Franklin	NC		--	SKF USA Inc.		1996		72,868		212		212
2015	6/30/2015	1700 47th Ave North	Minneapolis	MN		--	Owens Corning Roofing and Asphalt, LLC		2003		18,620		306		306
		2500 Patrick Henry Pkwy.	McDonough	GA		--	Georgia Power Company		1999		111,911		760		768
		2935 Van Vactor Dr.	Plymouth	IN		--	Bay Valley Foods, LLC		2000/2003		300,500		401		405
		3711 San Gabriel	Mission	TX		--	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)		2003		75,016		525		510
	9/27/2015	2529 West Thorne Dr.	Houston	TX		--	Baker Hughes Incorporated		1982/1999		65,500		480		419
		9110 Grogans Mill Rd.	The Woodlands	TX		--	Baker Hughes Incorporated		1992		275,750		1,738		1,566
	10/31/2015	5201 West Barraque St.	Pine Bluff	AR		--	Entergy Arkansas Inc.	1964/1972/1988			27,189		96		96
2016	1/31/2016	1600 Eberhardt Rd.	Temple	TX		--	Nextel of Texas, Inc. (Nextel Finance Company)		2001		108,800		825		808
	5/31/2016	1200 Jupiter Rd.	Garland	TX		--	Raytheon Company		1980		278,759		753		981
	7/14/2016	1400 Northeast McWilliams Rd.	Bremerton	WA		--	Nextel West Corp.		2002		60,200		542		565
	11/30/2016	736 Addison Rd.	Erwin	NY		--	Corning Incorporated		2006		408,000		604		604
2017	4/30/2017	3600 Army Post Rd.	Des Moines	IA		--	HP Enterprise Services, LLC		2000		405,000		1,529		1,416
	12/31/2017	11411 North Kelly Ave.	Oklahoma City	OK		--	American Golf Corporation		1991/1996		13,924		238		239
2018	8/31/2018	3500 North Loop Rd.	McDonough	GA		--	Litton Loan Servicing, LP		2007		62,218		588		588
	9/30/2018	904 Industrial Rd.	Marshall	MI		--	Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.)	1968/1972/2008			246,508		382		401
2019	1/31/2019	2999 Southwest 6th St.	Redmond	OR		--	VoiceStream PCS I LLC (T-Mobile USA, Inc.)		2004		77,484		771		786
	6/28/2019	3265 East Goldstone Dr.	Meridian	ID		--	VoiceStream PCS Holding, LLC (T-Mobile USA, Inc.)		2004		77,484		644		682
	10/31/2019	17191 St. Luke's Way	The Woodlands	TX		--	Montgomery County Management Company, LLC		2004		41,000		399		493
		9601 Renner Blvd.	Lenexa	KS		--	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)		2004		77,484		660		696
	7/15/2019	19019 North 59th Ave.	Glendale	AZ		--	Honeywell International Inc.	1986/1997/2000			252,300		1,226		1,421
2020	5/31/2020	359 Gateway Dr.	Lavonia	GA		--	TI Group Automotive Systems, LLC (TI Automotive Ltd.)		2005		133,221		600		600
	6/30/2020	10419 North 30th St.	Tampa	FL		--	Time Customer Service, Inc. (Time Incorporated)		1986		132,981		664		678
	8/31/2020	First Park Dr.	Oakland	ME		--	Omnipoint Holdings, Inc. (T-Mobile USA, Inc.)		2005		78,610		654		575
	11/30/2020	11555 University Blvd.	Sugar Land	TX		--	KS Management Services, LLP (St. Luke’s Episcopal Health System Corporation)		2005		72,683		613		626
2021	9/30/2021	265 Lehigh St.	Allentown	PA		--	Pennsylvania School of Business, Inc.		1980		22,392		0		0
	10/25/2021	6938 Elm Valley Dr.	Kalamazoo	MI		--	Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited)		1999/2004		150,945		921		966
2022	6/30/2022	8555 South River Pkwy.	Tempe	AZ		4	ASM Lithography, Inc. (ASM Lithography Holding N.V.) / DuPont Airproducts Nanomaterials L.L.C.		1998		95,133		1,177		1,105
	7/31/2022	1440 East 15th St.	Tucson	AZ		--	CoxCom, Inc.		1988		28,591		273		275
2025	7/14/2025	590 Ecology Ln.	Chester	SC		--	Owens Corning		2001/2005		420,597		1,093		1,084
2026	8/31/2026	25500 State Hwy. 249	Tomball	TX		--	Parkway Chevrolet, Inc. (Raymond Durdin and Jean W. Durdin)		2005		77,076		668		758

Property Leases and Vacancies - Net Lease Strategic Assets Fund Portfolio - 6/30/2011

Year of Lease Expiration	Date of Lease Expiration		Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 6/30/2011 ($000) (2)		GAAP Base Rent as of 6/30/2011 ($000) (3)
2027	4/30/2027		2424 Alpine Rd.	Eau Claire	WI		--	Silver Spring Gardens, Inc. (Huntsinger Farms, Inc.)		2005		159,000		465		586
N/A		N/A	265 Lehigh St.	Allentown	PA		5	(Available for Lease)		1980		48,838		124		2,636
NET LEASE STRATEGIC ASSETS FUND TOTAL/WEIGHTED AVERAGE								99.2% Leased			$	5,810,736	$	28,017	$	30,689

Footnotes

1	Square foot leased or vacant.

2	Six months ended 6/30/2011 cash rent.

3	Six months ended 6/30/2011 GAAP base rent.

4	ASM Lithography, Inc. leases expires 6/30/2013, however, tenant (DuPont Aurproducts Nanomaterials LLC) lease expires 6/30/2022.

5	Amounts represent prior tenant.

LEXINGTON REALTY TRUST

Lease Rollover Schedule by Property Type - Cash Basis

6/30/2011

	Office						Industrial						Retail
Year	Net Rentable Area		Cash Rent as of 6/30/2011 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 6/30/2011 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 6/30/2011 ($000)		Annual Rent PSF
2011		258,728	$	5,389	$	41.66		481,482	$	527	$	2.19		-	$	-	$	-
2012		853,948	$	6,354	$	14.88		2,509,003	$	4,318	$	3.44		211,130	$	893	$	8.46
2013		1,389,209	$	8,883	$	12.79		836,746	$	1,298	$	3.10		263,010	$	723	$	5.50
2014		2,093,204	$	18,439	$	17.62		685,346	$	729	$	2.13		30,757	$	93	$	6.05
2015		1,720,195	$	16,870	$	14.69		150,000	$	238	$	3.17		56,837	$	134	$	4.72
2016		569,241	$	4,446	$	15.62		1,847,478	$	3,988	$	4.32		177,562	$	508	$	5.72
2017		377,877	$	2,799	$	14.81		1,652,811	$	3,238	$	3.92		70,910	$	181	$	5.11
2018		973,412	$	5,675	$	14.27		994,283	$	1,153	$	2.32		884,259	$	837	$	3.72
2019		1,913,762	$	12,729	$	13.30		1,621,875	$	2,027	$	2.50		-	$	-	$	-
2020		386,366	$	3,136	$	16.23		1,115,995	$	3,052	$	5.47		-	$	-	$	-
2021		516,313	$	4,274	$	17.47		1,245,099	$	2,107	$	3.38		-	$	-	$	-
2022		330,349	$	3,248	$	19.66		-	$	-	$	-		-	$	-	$	-
2023		472,303	$	3,012	$	12.75		-	$	-	$	-		-	$	-	$	-
2024		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2025		145,200	$	1,147	$	15.80		2,138,214	$	4,780	$	4.47		-	$	-	$	-
2026		104,807	$	760	$	14.50		1,902,211	$	2,006	$	3.03		-	$	-	$	-
2027		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2028		-	$	-	$	-		-	$	-	$	-		35,459	$	301	$	16.98
2029		410,041	$	4,497	$	21.93		-	$	-	$	-		-	$	-	$	-
2030		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2031		-	$	-	$	-		673,518	$	89	$	3.18		-	$	-	$	-

Total/Weighted Average (1)		12,514,955	$	101,658	$	15.81		17,854,061	$	29,550	$	3.52		1,729,924	$	3,670	$	5.17

Footnotes

(1)	Total shown may differ from detailed amounts due to rounding and does not include multi-tenant properties and parking operations.

LEXINGTON REALTY TRUST

Lease Rollover Schedule - GAAP Basis

6/30/2011

Year	Number of Leases Expiring		GAAP Base Rent as of 6/30/2011 ($000)		Percent of GAAP Base Rent as of 6/30/2011
2011		5	$	4,285		3.3	%
2012		26	$	11,112		8.5	%
2013		22	$	12,431		9.5	%
2014		27	$	19,428		14.8	%
2015		13	$	13,084		10.0	%
2016		14	$	8,839		6.7	%
2017		8	$	6,430		4.9	%
2018		19	$	9,247		7.1	%
2019		8	$	15,105		11.5	%
2020		7	$	6,525		5.0	%
2021		7	$	6,055		4.6	%
2022		3	$	3,015		2.3	%
2023		2	$	3,112		2.4	%
2024		-	$	-		-
2025		8	$	6,081		4.6	%
2026		5	$	3,782		2.9	%
2027		-	$	-		-
2028		1	$	301		0.2	%
2029		2	$	2,126		1.6	%
2030		-	$	-		-
2031		1	$	108		0.1	%

Total (1)		178	$	131,066		100.0	%

Footnotes

(1) Total shown may differ from detailed amounts due to rounding and does not include multi-tenant properties and parking operations

LEXINGTON REALTY TRUST

Mortgage Loans Receivable

6/30/2011

Collateral
	City	State	Loan Balance ($000)(1)		Interest Rate			Maturity Date		Current Estimated Annual Debt Service ($000)(2)		Balloon Payment ($000)		Escrow Balance ($000)
Medical Facilities	Various	TX	$	9,568		16.00	%		12/2011	$	1,182	$	9,500	$	-
Office	Glendale (3)	AZ	$	13,284		7.40	%		08/2011	$	-	$	13,368	$	1,850
	Tampa (3)	FL	$	7,535		6.93	%		08/2011	$	101	$	7,479	$	-
	Schaumburg (4)	IL	$	19,058		15.00	%		01/2012	$	-	$	19,058	$	-
	Wilsonville (5)	OR	$	7,005		5.46	%		12/2012	$	-	$	-	$	1,458
	Westmont (6)	IL	$	27,378		6.45	%		10/2015	$	2,090	$	25,731	$	4,156
	Southfield	MI	$	8,396		4.55	%		02/2015	$	1,282	$	5,810	$	-
Industrial	New Kingstown	PA	$	2,985		7.78	%		01/2013	$	323	$	2,826	$	635
	Norcross/ E. Greenbush (7)	GA/NY	$	10,075		16.75	%		06/2013	$	1,732	$	10,873	$	-
Retail	Various	Various	$	3,232		8.00	%		07/2012	$	2,268	$	-	$	-
	Austin	TX	$	1,605		16.00	%		10/2018	$	-	$	5,104	$	-
	Various	Various	$	1,457		8.00	%		02/2021	$	219	$	-	$	-
	Various	Various	$	822		8.00	%		12/2021	$	133	$	-	$	-
	Various	Various	$	873		8.00	%		03/2022	$	83	$	-	$	-
	Total Mortgage Loans Receivable		$	113,273						$	9,413	$	99,749	$	8,099

Footnotes

(1)	Includes accrued interest receivable and excludes net origination fees of $227.

(2)	Remaining collections for debt less than 12 months to maturity, all others are debt service for next 12 months.

(3)	Borrower is Net Lease Strategic Assets Fund L.P., amounts fully repaid subsequent to June 30, 2011.

(4)	Interest only payments to the extent of operating cash flow of underlying assets.

(5)	Borrower in default; deed-in-lieu of foreclosure expected to occur.

(6)	Escrow balance includes $3,953 in a collateral escrow account maintained by the borrower.

(7)	Interest rate is 15.0% for the first year and 18.5% for the second year. Debt service commences 02/2012.

LEXINGTON REALTY TRUST

2011 Second Quarter Financing Summary

	NEW PROPERTY LEVEL FINANCING
		Face ($000)		Rate			Maturity
1	Byhalia, MS (1)	$	15,000		4.71	%		01/2014
	TOTAL	$	15,000

	DEBT RETIRED
		Face ($000)		Satisfaction ($000)			Rate			Due Date
1	Wallingford, CT	$	3,187	$	3,187			4.93	%		05/2011
	TOTAL	$	3,187	$	3,187

Footnotes

(1)	Interest only payments through maturity.

LEXINGTON REALTY TRUST

Debt Maturity Schedule

6/30/2011

($000)

Consolidated Properties
Year	Real Estate Scheduled Amortization		Real Estate Balloon Payments		Corporate Debt
2011	$	10,097	$	9,690	$	-
2012		28,921		182,004		62,150	(1)
2013		25,397		234,937		60,551
2014		23,644		229,068		-
2015		14,995		269,399		-
	$	103,054	$	925,098	$	122,701

Non-Consolidated Investments - LXP Proportionate Share
Year	Real Estate Scheduled Amortization		Real Estate Balloon Payments
2011	$	939	$	3,127	(2)
2012		2,767		3,323
2013		2,907		2,496
2014		2,527		4,061
2015		2,462		6,960
	$	11,602	$	19,967

Footnotes

(1)	Assumes debt is put to Lexington in 2012, stated maturity date is January, 2027.

(2)	Amount is due to Lexington and has been fully repaid subsequent to June 30, 2011.

LEXINGTON REALTY TRUST

2012 Mortgage Maturities by Property Type

6/30/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2011 ($000)		GAAP Base Rent as of 6/30/2011 ($000)
Industrial	291 Park Center Dr.	Winchester	VA		344,700	$	9,690		08/2011		05/2016	$	18,865	$	771	$	645

	Total 2011 Mortgage Maturities				344,700	$	9,690					$	18,865	$	771	$	645

LEXINGTON REALTY TRUST

2012 Mortgage Maturities by Property Type

6/30/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2011 ($000)		GAAP Base Rent as of 6/30/2011 ($000)
Office	1315 West Century Dr.	Louisville	CO		106,877	$	7,195		01/2012		04/2017	$	16,933	$	767	$	800
	2000 Eastman Dr.	Milford	OH		221,215	$	12,686		02/2012		04/2016	$	26,641	$	1,243	$	994
	26210 and 26220 Enterprise Court	Lake Forest	CA		100,012	$	9,708		02/2012		01/2022	$	17,211	$	674	$	701
	200 Lucent Ln.	Cary	NC		124,944	$	12,543		05/2012		09/2011	$	23,881	$	1,174	$	1,029
	2050 Roanoke Rd.	Westlake	TX		130,290	$	17,829		05/2012		12/2016	$	32,697	$	1,830	$	1,487
	3940 South Teller St.	Lakewood	CO		68,165	$	7,890		05/2012		03/2012	$	12,155	$	620	$	434
	37101 Corporate Dr.	Farmington Hills	MI		119,829	$	17,724		09/2012		12/2011	$	12,899	$	3,936	$	2,489
	4455 American Way	Baton Rouge	LA		70,100	$	5,948		10/2012		10/2012	$	13,868	$	578	$	557
	1110 Bayfield Dr.	Colorado Springs	CO		166,575	$	10,272		12/2012		11/2013	$	19,579	$	-	$	800
Industrial	245 Salem Church Rd.	Mechanicsburg	PA		252,000	$	4,514		01/2012		12/2012	$	9,051	$	435	$	433
	3820 Micro Dr.	Millington	TN		701,819	$	16,222		05/2012		09/2021	$	24,870	$	1,220	$	943
	101 Michelin Dr.	Laurens	SC		1,164,000	$	14,022		09/2012		08/2012	$	34,370	$	1,707	$	1,652
	7111 Crabb Rd.	Temperance	MI		744,570	$	9,400		09/2012		08/2012	$	21,188	$	1,144	$	1,107
	19500 Bulverde Rd.	San Antonio	TX		559,258	$	26,025		10/2012		03/2016	$	41,882	$	1,748	$	1,715
	43955 Plymouth Oaks Blvd.	Plymouth	MI		290,133	$	10,026		12/2012		10/2012	$	19,161	$	943	$	917

	Total 2012 Mortgage Maturities				4,819,787	$	182,004					$	326,386	$	18,019	$	16,058

Footnotes

(1)	Represents GAAP capitalized costs as of June 30, 2011.

LEXINGTON REALTY TRUST

2013 Mortgage Maturities by Property Type

6/30/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2011 ($000)		GAAP Base Rent as of 6/30/2011 ($000)
Office	3476 Stateview Blvd.	Fort Mill	SC		169,083	$	9,904		01/2013		05/2014	$	18,079	$	1,307	$	1,267
	9201 East Dry Creek Rd.	Centennial	CO		128,500	$	13,555		02/2013		09/2017	$	26,922	$	1,141	$	1,186
	12600 Gateway Blvd.	Fort Meyers	FL		62,400	$	8,550		05/2013		01/2013	$	13,561	$	569	$	546
	200 Executive Blvd. South	Southington	CT		153,364	$	12,228		05/2013		12/2012	$	26,737	$	840	$	812
	275 South Valencia Ave.	Brea	CA		637,503	$	73,071		05/2013		06/2019	$	118,929	$	4,355	$	4,314
	5757 Decatur Blvd.	Indianapolis	IN		89,956	$	8,580		05/2013		08/2012	$	15,220	$	709	$	796
	810 & 820 Gears Rd.	Houston	TX		157,790	$	15,737		05/2013		01/2013	$	26,819	$	1,148	$	1,126
	8900 Freeport Pkwy.	Irving	TX		268,445	$	36,466		05/2013		03/2023	$	60,114	$	1,519	$	1,636
	6303 Barfield Rd.	Atlanta	GA		238,600	$	40,356		05/2013		05/2013	$	62,264	$	2,471	$	2,441
	2211 South 47th St.	Phoenix	AZ		176,402	$	16,490		09/2013		11/2012	$	24,631	$	1,204	$	1,130

	Total 2013 Mortgage Maturities				2,082,043	$	234,937					$	393,276	$	15,263	$	15,254

Footnotes

(1)	Represents GAAP capitalized costs as of June 30, 2011.

LEXINGTON REALTY TRUST

2014 Mortgage Maturities by Property Type

6/30/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2011 ($000)		GAAP Base Rent as of 6/30/2011 ($000)
Office	33 Commercial St.	Foxboro	MA		164,689	$	-		01/2014		07/2015	$	29,238	$	2,907	$	1,781
	1275 Northwest 128th St.	Clive	IA		61,180	$	5,151		05/2014		01/2012	$	10,599	$	400	$	400
	3480 Stateview Blvd.	Fort Mill	SC		169,218	$	18,311		05/2014		05/2014	$	29,174	$	1,782	$	1,725
	1701 Market St. (2)	Philadelphia	PA		305,170	$	43,520		07/2014	Various		$	69,886	$	3,549	$	3,550
	10300 Kincaid Dr.	Fishers	IN		193,000	$	10,466		08/2014		01/2020	$	28,233	$	1,665	$	1,712
	3965 Airways Blvd.	Memphis	TN		521,286	$	47,270		09/2014		06/2019	$	116,410	$	3,407	$	3,507
	500 Jackson St.	Columbus	IN		390,100	$	26,399		09/2014		07/2019	$	53,821	$	2,213	$	2,270
	6226 West Sahara Ave.	Las Vegas	NV		282,000	$	32,118		09/2014		01/2029	$	64,735	$	4,035	$	2,126
	22011 Southeast 51st St./5150 220th Ave.	Issaquah	WA		202,544	$	30,388		12/2014		12/2014	$	51,195	$	2,139	$	2,020
	275 Technology Dr.	Canonsburg	PA		107,872	$	9,095		12/2014		12/2014	$	15,739	$	715	$	689
Industrial	2415 US Hwy. 78 East	Moody	AL		595,346	$	6,350		01/2014		01/2014	$	11,575	$	527	$	527

	Total 2014 Mortgage Maturities				2,992,405	$	229,068					$	480,605	$	23,339	$	20,307

Footnotes

(1) Represents GAAP capitalized costs as of June 30, 2011.

(2) Lexington has an 80.5% interest in the property and amounts include parking operations.

LEXINGTON REALTY TRUST

2015 Mortgage Maturities by Property Type

6/30/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2011 ($000)		GAAP Base Rent as of 6/30/2011 ($000)
Office &	101 East Erie St.	Chicago	IL		230,704	$	29,900		01/2015		03/2014	$	56,548	$	2,058	$	2,493
Multi-Tenant	400 East Stone Ave. (2)	Greenville	SC		128,041	$	9,000		01/2015		12/2029	$	10,608	$	462	$	-
	4201 Marsh Ln. (3)	Carrollton	TX		130,000	$	12,022		01/2015		11/2018	$	22,146	$	963	$	988
	13775 McLearen Rd.	Herndon	VA		125,293	$	10,359		04/2015		04/2015	$	25,443	$	1,081	$	1,067
	10475 Crosspoint Blvd.	Indianapolis	IN		141,047	$	11,205		05/2015		10/2019	$	22,463	$	1,097	$	1,166
	100, 120, 140 East Shore Dr.	Glen Allen	VA		224,723	$	18,321		05/2015	Various		$	37,942	$	1,409	$	1,433
	1311 Broadfield Blvd.	Houston	TX		155,040	$	14,431		05/2015		03/2021	$	29,917	$	1,347	$	1,312
	1409 Centerpoint Blvd.	Knoxville	TN		84,404	$	6,658		05/2015		10/2014	$	12,604	$	831	$	810
	2550 Interstate Dr.	Harrisburg	PA		81,859	$	7,792		05/2015		12/2013	$	15,135	$	952	$	935
	2706 Media Center Dr.	Los Angeles	CA		83,252	$	9,760		05/2015	Various		$	18,070	$	881	$	734
	2800 Waterford Lake Dr.	Midlothian	VA		99,057	$	9,055		05/2015		10/2014	$	15,844	$	1,035	$	1,007
	333 Mt. Hope Ave.	Rockaway	NJ		95,500	$	14,900		05/2015		09/2014	$	29,295	$	1,122	$	1,061
	4000 Johns Creek Pkwy.	Suwanee	GA		87,219	$	10,502		05/2015	Various		$	16,616	$	1,001	$	933
	4848 129th East Ave. (4)	Tulsa	OK		101,100	$	6,517		05/2015	NA		$	13,018	$	120	$	120
	6200 Northwest Pkwy.	San Antonio	TX		142,500	$	11,167		05/2015		11/2017	$	19,815	$	891	$	933
	16676 Northchase Dr.	Houston	TX		101,111	$	11,282		05/2015		07/2014	$	19,267	$	825	$	814
	4001 International Pkwy.	Carrollton	TX		138,443	$	18,710		07/2015		07/2015	$	30,859	$	1,599	$	1,597
	12645 West Airport Rd.	Sugar Land	TX		165,836	$	6,286		09/2015		09/2015	$	19,436	$	1,667	$	971
	10001 Richmond Ave.	Houston	TX		554,385	$	18,161		09/2015		09/2015	$	73,343	$	6,567	$	3,688
Industrial	10000 Business Blvd.	Dry Ridge	KY		336,350	$	5,160		07/2015		06/2025	$	15,227	$	673	$	673
	301 Bill Bryan Rd.	Hopkinsville	KY		424,904	$	7,812		07/2015		06/2025	$	19,066	$	844	$	844
	4010 Airpark Dr.	Owensboro	KY		211,598	$	4,561		07/2015		06/2025	$	13,598	$	604	$	604
	730 North Black Branch Rd.	Elizabethtown	KY		167,770	$	2,515		07/2015		06/2025	$	6,055	$	268	$	268
	750 North Black Branch Rd.	Elizabethtown	KY		539,592	$	13,323		07/2015		06/2025	$	32,222	$	1,419	$	1,419

	Total 2015 Mortgage Maturities				4,549,728	$	269,399					$	574,537	$	29,716	$	25,870

Footnotes

(1)	Represents GAAP capitalized costs as of June 30, 2011.

(2)	Property is classified as a capital lease for GAAP, accordingly $493 of GAAP income is included in non-operating income.

(3)	Subsequent to June 30, 2011, lease extended to 11/30/2022.

(4)	Property is currently vacant, rent balances are from prior tenant.

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

6/30/2011

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Winchester, VA	(b)(c)	$	9,722		6.346	%		08/2011	$	137	$	9,690
Louisville, CO			7,253		5.830	%		01/2012		308		7,195
Mechanicsburg, PA	(s)		4,584		7.780	%		01/2012		280		4,514
Milford, OH	(b)		13,263		6.612	%		02/2012		1,149		12,686
Lake Forest, CA			9,813		7.260	%		02/2012		586		9,708
Westlake, TX	(b)		18,074		5.392	%		05/2012		1,142		17,829
Millington, TN			16,452		5.247	%		05/2012		957		16,222
Cary, NC	(b)		12,636		5.584	%		05/2012		740		12,543
Lakewood, CO			8,018		5.097	%		05/2012		505		7,890
Farmington Hills, MI	(b)		18,214		5.723	%		09/2012		1,500		17,724
Laurens, SC	(b)		14,643		5.911	%		09/2012		1,396		14,022
Temperance, MI	(b)		9,816		5.912	%		09/2012		936		9,400
Baton Rouge, LA	(b)		6,102		5.333	%		10/2012		443		5,948
San Antonio, TX			26,804		6.080	%		10/2012		2,260		26,025
Plymouth, MI	(b)		10,607		5.964	%		12/2012		1,026		10,026
Colorado Springs, CO	(b)		10,624		5.996	%		12/2012		887		10,272
Fort Mill, SC			10,221		6.000	%		01/2013		839		9,904
Centennial, CO	(b)(r)		14,161		5.724	%		02/2013		1,177		13,555
Brea, CA	(b)		74,993		5.734	%		05/2013		5,361		73,071
Atlanta, GA			41,762		5.268	%		05/2013		3,004		40,356
Irving, TX	(b)		37,651		5.452	%		05/2013		2,702		36,466
Houston, TX			16,317		5.218	%		05/2013		1,166		15,737
Southington, CT			12,672		5.018	%		05/2013		890		12,228
Indianapolis, IN			8,899		5.168	%		05/2013		633		8,580
Fort Meyers, FL			8,774		5.268	%		05/2013		592		8,550
Phoenix, AZ			17,450		6.270	%		09/2013		1,527		16,490
Foxboro, MA	(b)		8,662		6.000	%		01/2014		3,388		-
Moody, AL			6,753		4.978	%		01/2014		493		6,350
Clive, IA			5,463		5.139	%		05/2014		387		5,151
Fort Mill, SC			19,231		5.373	%		05/2014		1,364		18,311
Philadelphia, PA	(p)		46,137		5.060	%		07/2014		3,178		43,520
Fishers, IN			11,194		6.375	%		08/2014		932		10,466
Columbus, IN	(i)		25,831		6.150	%		09/2014		1,615		25,831
Las Vegas, NV	(i)		31,428		6.150	%		09/2014		1,965		31,427
Memphis, TN	(i)		46,253		6.150	%		09/2014		2,892		46,253
Columbus, IN	(i)		600		7.500	%		09/2014		54		568
Las Vegas, NV	(i)		731		7.500	%		09/2014		66		691
Memphis, TN	(i)		1,075		7.500	%		09/2014		97		1,017
Issaquah, WA	(b)		31,493		5.665	%		12/2014		2,113		30,388
Canonsburg, PA	(b)		9,082		5.426	%		12/2014		489		9,095
Chicago, IL	(b)		29,389		5.639	%		01/2015		1,552		29,900
Greenville, SC			9,000		5.500	%		01/2015		495		9,000
Carrollton, TX			13,063		5.530	%		01/2015		993		12,022
Herndon, VA	(b)		11,245		5.885	%		04/2015		888		10,359
Glen Allen, VA	(b)		19,305		5.377	%		05/2015		1,292		18,321
Houston, TX			15,672		5.160	%		05/2015		1,114		14,431
Rockaway, NJ			14,900		5.292	%		05/2015		802		14,900
Houston, TX			12,245		5.

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

6/30/2011

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)		Maturity (a)	Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Indianapolis, IN			12,169		5.160	%		05/2015		865	11,205
San Antonio, TX			12,080		5.340	%		05/2015		875	11,167
Atlanta, GA			11,162		5.260	%		05/2015		751	10,502
Los Angeles, CA			10,591		5.110	%		05/2015		750	9,760
Richmond, VA			9,815		5.310	%		05/2015		708	9,055
Harrisburg, PA			8,468		5.110	%		05/2015		599	7,792
Knoxville, TN			7,217		5.310	%		05/2015		520	6,658
Tulsa, OK			7,119		5.060	%		05/2015		499	6,517
Carrollton, TX	(b)		19,756		5.725	%		07/2015		1,382	18,710
Elizabethtown, KY	(j)		14,599		4.990	%		07/2015		1,041	13,323
Hopkinsville, KY			8,560		4.990	%		07/2015		610	7,812
Dry Ridge, KY	(n)		5,654		4.990	%		07/2015		403	5,160
Owensboro, KY	(n)		4,997		4.990	%		07/2015		356	4,561
Elizabethtown, KY	(j)		2,756		4.990	%		07/2015		197	2,515
Houston, TX	(b)		41,833		6.250	%		09/2015		8,367	18,161
Sugar Land, TX	(b)		10,914		6.250	%		09/2015		2,135	6,286
Bridgewater, NJ			14,763		5.732	%		03/2016		1,035	13,825
Omaha, NE			8,338		5.610	%		04/2016		621	7,560
Tempe, AZ			7,875		5.610	%		04/2016		586	7,140
Byhalia, MS			15,000		4.710	%		06/2016		707	15,000
Lisle, IL			10,106		6.500	%		06/2016		793	9,377
Dallas, TX	(b)		18,492		5.939	%		07/2016		1,139	18,363
Rochester, NY	(f)		18,183		6.210	%		08/2016		1,383	16,765
Statesville, NC	(f)		13,621		6.210	%		08/2016		1,037	12,574
Rockford, IL	(f)		6,666		6.210	%		08/2016		508	6,153
Glenwillow, OH			16,449		6.130	%		09/2016		1,240	15,132
Memphis, TN			3,825		5.710	%		01/2017		275	3,484
Orlando, FL			9,975		5.722	%		02/2017		621	9,309
Dubuque, IA			10,011		5.402	%		06/2017		733	8,725
Shreveport, LA			19,000		5.690	%		07/2017		1,099	19,000
McDonough, GA			23,000		6.110	%		11/2017		1,429	21,651
Lorain, OH	(b)		1,244		7.750	%		07/2018		108	-
Manteca, CA	(b)		879		7.750	%		07/2018		77	-
Watertown, NY	(b)		826		7.750	%		07/2018		72	-
Lewisburg, WV	(b)		580		7.750	%		07/2018		51	-
San Diego, CA	(b)		560		7.750	%		07/2018		49	-
Galesburg, IL	(b)		493		7.750	%		07/2018		43	-
Boston, MA			13,268		6.100	%		12/2018		996	11,520
North Berwick, ME			10,462		3.560	%		04/2019		1,532	-
Overland Park, KS	(b)		36,519		5.891	%		05/2019		2,657	31,867
Kansas City, MO	(b)		17,419		5.883	%		05/2019		1,268	15,182
Streetsboro, OH	(b)		18,853		5.749	%		09/2019		1,344	16,338
Boca Raton, FL			20,400		6.470	%		02/2020		1,342	18,383
Wall, NJ	(b)		26,044		6.250	%		01/2021		3,056	-
Charleston, SC			7,350		5.850	%		02/2021		437	6,632
Whippany, NJ			15,526		6.298	%		11/2021		1,344	10,400
Subtotal/Wtg. Avg./Years Remaining (l)			553,417		5.770	%		5.8		47,640	443,564

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

6/30/2011

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Corporate
Term Loan	(h)(k)	$	35,551		5.520	%		03/2013	$	1,995	$	35,551
Term Loan	(h)(k)		25,000		5.520	%		03/2013		1,403		25,000
Exchangeable Notes	(e)(m)		62,150		5.450	%		01/2027		3,387		62,150
Convertible Notes	(o)(q)		115,000		6.000	%		01/2030		6,900		115,000
Trust Preferred Notes	(g)		129,120		6.804	%		04/2037		8,785		129,120
Subtotal/Wtg. Avg./Years Remaining (l)		$	366,821		6.111	%		11.2	$	22,470	$	366,821
Total/Wtg. Avg./Years Remaining (l)		$	1,728,515		5.804	%		5.3	$	129,296	$	1,586,299

Footnotes

(a)	Subtotal and total based on weighted average term to maturity (or put dates) shown in years based on debt balance.

(b)	Debt balances based upon imputed interest rates.

(c)	Loan satisfied subsequent to quarter end.

(d)	Remaining payments for debt with less than 12 months to maturity, all others are debt service for next 12 months.

(e)	Holders have the right to put notes to Lexington commencing 2012 and every five years thereafter.

(f)	Properties are cross-collateralized.

(g)	Rate fixed through 04/2017, thereafter LIBOR plus 170 bps.

(h)	Rate is swapped to fixed rate through maturity.

(i)	Properties are cross-collateralized.

(j)	Properties are cross-collateralized.

(k)	Represents full payable of loans, discount of $1,693 excluded from balance.

(l)	Total shown may differ from detailed amounts due to rounding.

(m)	Represents full payable of notes, discount of $380 excluded from balance.

(n)	Properties are cross-collateralized.

(o)	Holders have the right to redeem the notes on 01/15/17, 01/15/20 and 01/15/25.

(p)	Lexington has an 80.5% interest in this property.

(q)	Represents full payable of notes, discount of $10,820 excluded from balance.

(r)	Maturity date represents lender call date.

(s)	Property held for sale.

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

6/30/2011

Joint Venture	Footnotes	Debt Balance ($000)		LXP Proportionate Share ($000) (3)		Interest Rate (%)			Maturity		Current Estimated Annual Debt Service ($000) (4)		Balloon Payment ($000)		Proportionate Share Balloon Payment ($000) (3)
Net Lease Strategic (5)		$	13,202	$	1,980		7.400	%		08/2011	$	-	$	13,368	$	2,005
Net Lease Strategic (5)			7,492		1,124		6.930	%		08/2011		101		7,479		1,122
Jayal			288		86		11.500	%		03/2012		303		-		-
Net Lease Strategic			22,398		3,360		5.147	%		05/2012		1,213		22,153		3,323
Net Lease Strategic			5,101		765		7.670	%		01/2013		2,914		-		-
Net Lease Strategic			12,576		1,886		5.148	%		05/2013		894		12,144		1,822
Net Lease Strategic			4,710		707		5.950	%		09/2013		381		4,496		674
Net Lease Strategic			19,671		2,951		5.810	%		02/2014		1,551		18,588		2,788
Net Lease Strategic			9,027		1,354		5.616	%		04/2014		697		8,484		1,273
Net Lease Strategic			866		130		8.500	%		04/2015		271		-		-
Net Lease Strategic			16,306		2,446		5.411	%		05/2015		1,189		15,087		2,263
Net Lease Strategic - Oklahoma TIC			14,536		872		5.240	%		05/2015		976		13,673		820
Net Lease Strategic			12,182		1,827		5.212	%		06/2015		836		11,349		1,702
Net Lease Strategic			5,883		882		5.783	%		06/2015		462		5,371		806
Net Lease Strategic			16,044		2,407		8.036	%		09/2015		3,438		6,925		1,039
Net Lease Strategic			4,650		698		8.036	%		09/2015		948		2,203		330
Net Lease Strategic			8,262		1,239		6.090	%		01/2016		668		7,446		1,117
Net Lease Strategic			6,107		916		6.090	%		04/2016		494		5,465		820
Net Lease Strategic			6,284		943		6.315	%		09/2016		497		5,723		858
One Summit			13,937		4,181		9.375	%		10/2016		3,344		-		-
Net Lease Strategic			8,868		1,330		6.063	%		11/2016		683		8,023		1,203
One Summit			9,192		2,758		10.625	%		11/2016		2,239		-		-
Net Lease Strategic			8,588		1,288		5.910	%		10/2018		728		6,624		994
Net Lease Strategic			9,482		1,422		6.010	%		08/2019		753		7,658		1,149
Net Lease Strategic			7,500		1,125		6.507	%		11/2019		563		6,692		1,004
Net Lease Strategic			9,582		1,437		6.270	%		12/2019		774		7,755		1,163
Net Lease Strategic			8,125		1,219		9.800	%		01/2020		1,933		-		-
Net Lease Strategic			9,689		1,453		5.930	%		10/2020		750		7,660		1,149
Net Lease Strategic			8,911		1,337		5.460	%		12/2020		741		5,895		884

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

6/30/2011

Joint Venture	Footnotes	Debt Balance ($000)		LXP Proportionate Share ($000) (3)		Interest Rate (%)			Maturity		Current Estimated Annual Debt Service ($000) (4)		Balloon Payment ($000)		Proportionate Share Balloon Payment ($000) (3)
Net Lease Strategic			9,192		1,379		5.640	%		01/2021		692		7,018		1,053
Net Lease Strategic			11,351		1,703		5.380	%		08/2025		1,144		362		54
Net Lease Strategic			2,035		305		7.500	%		10/2026		226		-		-
Total/Wtg. Avg. (1)/Years Remaining (2)		$	302,037	$	47,510		6.71	%		5.0	$	32,403	$	217,641	$	31,415

Footnotes

(1)	Weighted average interest rate based on proportionate share.

(2)	Weighted average years remaining on maturities based on proportionate debt balance.

(3)	Total balance shown may differ from detailed amounts due to rounding.

(4)	Remaining payments for debt with less than 12 months to maturity, all others are debt service for 12 months.

(5)	Lender is Lexington and has been repaid subsequent to June 30, 2011.

LEXINGTON REALTY TRUST

Partnership Interests

Six Months Ended June 30, 2011

($000)

Noncontrolling Interest Properties - Partners' Proportionate Share (1)


EBITDA	$	1,242
Interest expense	$	301
Depreciation and amortization	$	973
Impairment charges	$	11,478

Non-Consolidated Net Leased Real Estate - Lexington's Share


EBITDA	$	14,522
Interest expense	$	1,751

Footnotes

(1)	Excludes discontinued operations and OP unit noncontrolling interests.

LEXINGTON REALTY TRUST

Selected Balance Sheet and Income Statement Account Data

6/30/2011

($000)

Balance Sheet

Other assets	$	61,057

The components of other assets are:

Deposits	$	793
Forward purchase equity commitment		32,264
Investments- capital lease		10,608
Equipment		864
Prepaids		3,997
Other receivables		2,148
Deferred tax asset		667
Deferred lease incentives		8,327
Other		1,389

Accounts payable and other liabilities	$	54,412

The components of accounts payable and other liabilities are:

Accounts payable and accrued expenses	$	14,048
CIP accruals and other		16,707
Taxes		257
Deferred lease costs		5,477
Subordinated notes		2,201
Deposits		1,370
Escrows		4,567
Sale/leaseback financing obligation		4,750
Transaction costs		532
Derivative liability		4,503

Income Statement - six months ended June 30, 2011

Non-cash interest expense, net	$	2,760

LEXINGTON REALTY TRUST

Revenue Data

6/30/2011

($000)

Base Rent Estimates for Current Assets
Year		Cash (1)		GAAP (1)
2011 - Remainder	$	141,921	$	146,466
2012	$	278,882	$	286,414
2013	$	255,850	$	258,990
2014	$	222,324	$	224,949
2015	$	186,430	$	188,623

Other Revenue Data

Asset Class	GAAP Base Rent as of 6/30/11 (2)		Percentage
Office	$	96,061		81.4	%
Industrial	$	108		0.1	%
Retail	$	5,903		5.0	%
Multi-tenant	$	15,890		13.5	%
	$	117,962		100.0	%

Credit Ratings (3)
Investment Grade	$	69,578		46.9	%
Non-Investment Grade	$	24,150		16.3	%
Unrated	$	54,534		36.8	%
	$	148,262		100.0	%

Footnotes

(1)	Amounts assume (1) lease terms for non-cancellable periods only, (2) that all below market leases are renewed by the tenants at the option rate, (3) that no new or renegotiated leases are entered into after 6/30/2011 and (4) excludes properties held for sale as of June 30, 2011.

(2)	Six months ended 6/30/2011 GAAP base rent recognized for consolidated properties owned as of 6/30/2011.

(3)	Credit ratings are based upon either tenant, guarantor or parent. Generally, all multi-tenant assets are included in unrated.

LEXINGTON REALTY TRUST

Top 20 Markets

6/30/2011

	Core Based Statistical Area (2)	Percent of GAAP Base Rent as of 6/30/11 (1)
1	Dallas-Fort Worth-Arlington, TX		7.7	%
2	Los Angeles-Long Beach-Santa Ana, CA		6.4	%
3	Houston-Sugar Land-Baytown, TX		5.3	%
4	Memphis, TN-MS-AR		4.6	%
5	Atlanta-Sandy Springs-Marietta, GA		4.4	%
6	New York-Northern New Jersey-Long Island, NY-NJ-PA		4.0	%
7	Detroit-Warren-Livonia, MI		3.5	%
8	Kansas City, MO-KS		3.3	%
9	Orlando-Kissimmee, FL		2.7	%
10	Boston-Cambridge-Quincy, MA-NH		2.6	%
11	Indianapolis-Carmel, IN		2.5	%
12	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2.5	%
13	Baltimore-Towson, MD		2.4	%
14	Chicago-Naperville-Joliet, IL-IN-WI		2.2	%
15	Charlotte-Gastonia-Concord, NC-SC		2.0	%
16	Phoenix-Mesa-Scottsdale, AZ		2.0	%
17	Washington-Arlington-Alexandria, DC-VA-MD-WV		1.9	%
18	Columbus, OH		1.8	%
19	Beaumont-Port Arthur, TX		1.8	%
20	San Antonio, TX		1.8	%
	Total Top 20 Markets (3)		65.6	%

Footnotes

(1)	Six months ended 6/30/2011 GAAP base rent recognized for consolidated properties owned as of 6/30/2011.

(2)

A Core Based Statistical Area is the official term for a functional region based around an urban center of at least 10,000 people, based on standards published by the Office of Management and Budget (OMB) in 2000. These standards are used to replace the definitions of metropolitan areas that were defined in 1990.

(3)	Total shown may differ from detailed amounts due to rounding.

LEXINGTON REALTY TRUST

Tenant Industry Diversification

6/30/2011

Industry Category	Percent of GAAP Base Rent as of 6/30/11 (1)
Finance/Insurance		13.3	%
Energy		9.9	%
Automotive		9.9	%
Technology		9.7	%
Service		7.3	%
Consumer Products		7.1	%
Healthcare		6.7	%
Transportation/Logistics		6.6	%
Food		5.6	%
Telecommunications		4.0	%
Construction/Materials		4.0	%
Media/Advertising		3.7	%
Printing/Production		2.9	%
Aerospace/Defense		2.6	%
Retail Department		1.5	%
Real Estate		1.4	%
Apparel		1.4	%
Education		1.1	%
Retail Specialty		0.7	%
Retail Electronics		0.3	%
Security		0.2	%
Total (2)		100.0	%

Footnotes

(1)	Six months ended 6/30/2011 GAAP base rent recognized for consolidated properties owned as of 6/30/2011.

(2)	Total shown may differ from detailed amounts due to rounding.

Tenants or Guarantors	Number of Leases		Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			GAAP Base Rent as of 6/30/11 ($000) (1)		Percent of GAAP Base Rent as of 6/30/2011 ($000) (1)
Bank of America, National Association		8		691,893		3.7	%	$	4,739		3.2	%
Baker Hughes, Inc.		2		720,221		3.8	%	$	4,659		3.1	%
Dana Holding Corporation and Dana Limited		6		1,902,414		10.1	%	$	4,150		2.8	%
Federal Express Corporation		2		641,286		1.8	%	$	3,709		2.5	%
Morgan, Lewis & Bockius, LLP (3)		1		290,565		1.5	%	$	3,421		2.3	%
Swiss Re America Holding Corporation		2		476,123		2.5	%	$	3,397		2.3	%
CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		3		2,503,916		13.3	%	$	3,286		2.2	%
Wells Fargo Bank, N.A.		2		338,301		1.8	%	$	2,992		2.0	%
International Business Machines Corporation (Internet Security Systems, Inc.)		2		289,000		1.5	%	$	2,956		2.0	%
JPMorgan Chase Bank, National Association		3		430,375		2.3	%	$	2,701		1.8	%
		31		8,284,094		42.4	%	$	36,010		24.3	%

Footnotes

(1)	Six months ended 6/30/2011 GAAP base rent recognized for consolidated properties owned as of 6/30/2011.

(2)	Total shown may differ from detailed amounts due to rounding.

(3)	Includes parking garage operations. Lexington has an 80.5% interest in this property.

Investor Information

Transfer Agent		Investor Relations

BNY Mellon Shareowner Services		Patrick Carroll
480 Washington Blvd.		Exevutive Financial Officer
Jersey City NJ 07310-1900		Telephone (direct)	(212) 692-7215
(800) 850-3948		Facsimile (main)	(212) 594-6600
www.bnymellon.com/shareowner/isd		E-mail pcarroll@lxp.com

Research Coverage


Bank of America/ Merril Lynch
James Fledman	(646) 855-508

Barclays Capital		Morgan, Keegan & Co., Inc.
Ross L. Smotrich	(212) 526-2306	Stephen C. Swett	(212) 508-7585

Friedman, Billings, Ramsey		Raymond James & Assoc.
Gabe Poggi	(703) 469-1141	Paul Puryear	(727) 567-2253

J.P. Morgan Chase		Stifel Nicolaus
Anthony Paolone	(212) 622-6682	John W. Guinee	(443) 224-1307

Keefe, Bruyette & Woods		Wells Fargo Securities, LLC
Sheila K. McGrath	(212) 887-7793	Todd J. Stender	(212) 214-8067

Attached files

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