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

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8-K - LEXINGTON REALTY TRUST 8-K 11-3-2011 - 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

September 30, 2011

LEXINGTON REALTY TRUST

SUPPLEMENTAL REPORTING PACKAGE

September 30, 2011

Table of Contents

Section		Page

Third Quarter 2011Earnings Press Release		3

Portfolio Data
	2011 Third Quarter Leasing Summary	11
	2011 Third Quarter Investment/Disposition Summary	12
	Property Leases and Vacancies – Consolidated Portfolio	13
	Property Leases and Vacancies – Net Lease Strategic Assets Fund	20
	Lease Rollover Schedule – Cash Basis	22
	Lease Rollover Schedule – GAAP Basis	23
	Mortgage Loans Receivable	24
	2011 Third Quarter Financing Summary	25
	Debt Maturity Schedule	26
	2012 Mortgage Maturities by Property Type	27
	2013 Mortgage Maturities by Property Type	28
	2014 Mortgage Maturities by Property Type	29
	2015 Mortgage Maturities by Property Type	30
	Mortgages and Notes Payable	31
	Partnership Interests	36
	Selected Balance Sheet and Income Statement Account Data	37
	Select Credit Metrics	38
	Revenue Data	39
	Top 20 Markets	40
	Tenant Industry Diversification	41
	Top 10 Tenants or Guarantors	42

Investor Information		43

This Quarterly Earnings Release and Supplemental Reporting Package 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 of Lexington’s Board of Trustees of future dividend declarations to achieve an expected annualized dividend paid in 2012 of $0.50 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 build-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, (9) changes in accessibility of debt and equity capital markets, including with respect to financings that Lexington is working on, or (10) future impairment charges. 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.

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

Thursday, November 3, 2011

LEXINGTON REALTY TRUST REPORTS THIRD QUARTER 2011 RESULTS AND

INCREASES QUARTERLY COMMON SHARE DIVIDEND BY 8.7%

New York, NY - November 3, 2011 - Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the third quarter ended September 30, 2011.

Third Quarter 2011 Highlights

•	Generated Company Funds From Operations (“Company FFO”) of $41.4 million or $0.23 per diluted common share/unit, adjusted for certain items.

•	Executed 11 new and renewal leases, totaling approximately 1.2 million square feet.

•	Raised $15.6 million of gross proceeds from dispositions.

•	Entered into three build-to-suit contracts for an aggregate total project cost of $72.6 million.

•	Acquired an office property in Columbus, Ohio for $6.1 million and invested $13.7 million in build-to-suit projects.

T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, "We have had success this year in executing our business plan by completing asset sales of $145.0 million at a weighted-average capitalization rate of 6.8%, reducing debt by $80.0 million, raising overall portfolio occupancy from 93.4% to 95.6% and funding $163.8 million of investments, which have a current weighted-average yield of 9.5%. The quarterly common share dividend increase announced today reflects our solid operating results and our confidence in our future prospects. Even with this increase, we believe our new dividend payout ratio will continue to be conservative in relation to our Company funds from operations."

FINANCIAL RESULTS

Revenues

For the quarter ended September 30, 2011, total gross revenues were $84.0 million, compared with total gross revenues of $82.4 million for the quarter ended September 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 Reported Company FFO for the periods presented (in millions, except for per diluted share/unit data):

	Three Months Ended September 30,												Nine Months Ended September 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)	$	4.3		$	0.02		$	42.8		$	0.27		$	11.2		$	0.06		$	71.4		$	0.46
Acquisition Costs		0.1						—						0.7						—
Debt satisfaction charges (gains), net		—						—						0.6						(2.6	)
Forward equity commitment		9.9						(4.9	)					4.3						(5.4	)
Impairment losses – real estate		26.1						1.1						114.8						51.2
Impairment losses – consolidated debt investments		—						—						—						3.9
Impairment losses – real estate noncontrolling interests		(1.0	)					—						(12.8	)					(9.5	)
Impairment loss – JV		3.3						—						4.8						—
Gains on loan sales – JV		(1.9	)					—						(1.9	)					—
Other		0.6						0.1						2.4						0.4
Company FFO, as adjusted	$	41.4		$	0.23	(B)	$	39.1		$	0.25	(B)	$	124.1		$	0.71	(B)	$	109.4		$	0.72	(B)

(A)	A reconciliation of GAAP net income (loss) to Reported 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 (3,533,848), (3,305,015), (3,468,421) and (3,312,724) for the three months endedSeptember 30, 2011 and 2010 and nine months ended September 30, 2011 and 2010, respectively.

Net Income (Loss) Attributable to Common Shareholders

For the quarter ended September 30, 2011, net loss attributable to common shareholders was $(37.0) million, or a loss of $(0.24) per diluted share, compared with net income attributable to common shareholders for the quarter ended September 30, 2010 of $58 thousand, or income of $0.00 per diluted share.

Common Share Dividend/Distribution

On November 1, 2011, Lexington declared a regular quarterly dividend/distribution for the quarter ended December 31, 2011 of $0.125 per common share/unit, which will be paid on or about January 17, 2012 to common shareholders/unitholders of record as of December 30, 2011. This quarterly dividend of $0.125 per common share/unit represents an 8.7% increase and, subject to the Board of Trustees' authorization, an expected annualized dividend of $0.50 per common share/unit.

Lexington also declared cash dividends of $0.503125 per Series B Cumulative Redeemable Preferred Share, $0.8125 per Series C Cumulative Convertible Preferred Share and $0.471875 per Series D Cumulative Redeemable Preferred Share. The Series B and Series C Preferred Share dividends are payable on or about February 15, 2012, to shareholders of record of the Series B and Series C Preferred Shares as of January 31, 2012. The Series D Preferred Share dividend is payable on or about January 17, 2012, to shareholders of record of the Series D Preferred Shares as of December 30, 2011.

During the quarter ended September 30, 2011, Lexington declared a regular quarterly dividend/distribution of $0.115 per common share/unit, which was paid on October 17, 2011 to common shareholders/unitholders of record as of September 30, 2011.

OPERATING ACTIVITIES

Investments

Property Acquisitions. During the third quarter of 2011, Lexington completed the following acquisition:

•

acquired a 42,000 square foot office property in Columbus, Ohio for $6.1 million (9.1% initial cap rate, 2.0% annual increases commencing in year three). At closing, the property was net-leased to the seller for a 16-year term.

In addition, subsequent to quarter end, Lexington acquired a 475,000 square foot distribution facility in Chillicothe, Ohio for $12.1 million (8.2% initial cap rate, 2% annual increases). The facility is net-leased for approximately 15 years.

New Build-to-Suit Transactions. During the third quarter of 2011, Lexington entered into the following build-to-suit transactions:

•

acquired 5.8 acres in Florence, South Carolina and contracted to develop a 32,000 square foot office property for a total project cost of $5.1 million (10.0% initial cap rate, 2% annual increases). Completion is expected to occur in March 2012 and the property will be net-leased for a term of 12 years.

•

formed a joint venture to construct a 143,000 square foot distribution facility in Long Island City, New York. A Lexington subsidiary is expected to contribute $46.7 million to fund the construction of the facility (8.5% initial cap rate, 7.5% increases every five years). Completion is expected to occur in February 2013 and the property will be net-leased for a term of 15 years.

•

contracted to develop a 150,000 square foot office building in Jessup, Pennsylvania (Scranton-Wilkes-Barre, PA-CBSA) for a total project cost of $20.8 million (9.2% initial cap rate, 2% annual increases). Completion is expected to occur in May 2012 and the property will be subject to a 15 year net-lease commencing in August 2012.

In addition, Lexington continues to fund the construction of the previously announced build-to-suit projects in (1) Saint Joseph, Missouri (9.5% initial cap rate), (2) Huntington, West Virginia (9.4% initial cap rate) and (3) Shreveport, Louisiana (9.5% initial cap rate). These three projects aggregate $44.1 million of which $15.4 million had been funded as of September 30, 2011.

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 third quarter of 2011, Lexington disposed of three properties to unrelated parties for an aggregate gross sales price of $15.6 million, representing a weighted-average cap rate of 5.6%. Total year-to-date disposition activity is $145.0 million at a weighted-average cap rate of 6.8%.

Leasing Activity

For the quarter ended September 30, 2011, 11 new and renewal leases for 1.2 million square feet were executed in Lexington's portfolio. This brings total year-to-date leases signed through September 30, 2011 to 44 encompassing 4.4 million square feet. At September 30, 2011, Lexington's overall portfolio was 95.6% leased.

2011 EARNINGS GUIDANCE

Lexington's estimate of Company FFO is now $0.91 to $0.93 per diluted share for the year ended December 31, 2011 compared to prior guidance of $0.90 of $0.93 per diluted share. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

THIRD QUARTER 2011 CONFERENCE CALL

Lexington will host a conference call today, Thursday, November 3, 2011, at 11:00 a.m. Eastern Time, to discuss its results for the quarter ended September 30, 2011. Interested parties may participate in this conference call by dialing 866-431-5320 or 719-457-2706. A replay of the call will be available through November 17, 2011, at 877-870-5176 or 858-384-5517, pin: 1336545. 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 expected annualized dividend paid in 2012 of $0.50 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, (9) changes in accessibility of debt and equity capital markets, including with respect to financings that Lexington is working on, or (10) future impairment charges. 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 nine months ended September 30, 2011 and 2010

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Gross revenues:
Rental	$	74,937		$	74,210		$	221,645		$	218,312
Advisory and incentive fees		303			254			1,750			869
Tenant reimbursements		8,808			7,920			25,164			24,735
Total gross revenues		84,048			82,384			248,559			243,916

Expense applicable to revenues:
Depreciation and amortization		(42,247	)		(38,767	)		(122,841	)		(117,010	)
Property operating		(17,196	)		(15,701	)		(50,020	)		(48,714	)
General and administrative		(5,080	)		(4,882	)		(16,066	)		(15,794	)
Non-operating income		3,369			2,918			9,103			7,963
Interest and amortization expense		(27,230	)		(29,739	)		(81,197	)		(90,246	)
Debt satisfaction gains (charges), net		(6	)		(11	)		3			(773	)
Change in value of forward equity commitment		(9,866	)		4,940			(4,318	)		5,400
Impairment charges and loan losses		(23,916	)		—			(80,407	)		(6,879	)

Income (loss) before benefit (provision) for income taxes, equity in earnings of non-consolidated entities and discontinued operations		(38,124	)		1,142			(97,184	)		(22,137	)
Benefit (provision) for income taxes		(277	)		(450	)		1,014			(1,692	)
Equity in earnings of non-consolidated entities		9,047			5,459			20,646			16,066
Income (loss) from continuing operations		(29,354	)		6,151			(75,524	)		(7,763	)

Discontinued operations:
Income (loss) from discontinued operations		473			257			1,512			(1,625	)
Provision for income taxes		(1	)		(2	)		(8	)		(19	)
Debt satisfaction gains (charges), net		—			—			(603	)		3,385
Gains on sales of properties		182			2,025			5,251			2,523
Impairment charges		(2,144	)		(1,091	)		(34,422	)		(48,188	)
Total discontinued operations		(1,490	)		1,189			(28,270	)		(43,924	)
Net income (loss)		(30,844	)		7,340			(103,794	)		(51,687	)
Less net (income) loss attributable to noncontrolling interests		(70	)		(1,006	)		11,183			7,153
Net income (loss) attributable to Lexington Realty Trust shareholders		(30,914	)		6,334			(92,611	)		(44,534	)
Dividends attributable to preferred shares - Series B		(1,590	)		(1,590	)		(4,770	)		(4,770	)
Dividends attributable to preferred shares - Series C		(1,675	)		(1,702	)		(5,055	)		(5,107	)
Dividends attributable to preferred shares - Series D		(2,926	)		(2,926	)		(8,777	)		(8,777	)
Dividends attributable to non-vested common shares		(72	)		(58	)		(227	)		(181	)
Redemption discount - Series C		129			—			215			—
Net income (loss) attributable to common shareholders	$	(37,048	)	$	58		$	(111,225	)	$	(63,369	)

Income (loss) per common share - basic and diluted:
Loss from continuing operations	$	(0.23	)	$	(0.01	)	$	(0.55	)	$	(0.23	)
Income (loss) from discontinued operations		(0.01	)		0.01			(0.18	)		(0.26	)
Net income (loss) attributable to common shareholders	$	(0.24	)	$	0.00		$	(0.73	)	$	(0.49	)

Weighted-average common shares outstanding - basic and diluted		157,205,530			133,713,505			151,676,401			129,487,281


Amounts attributable to common shareholders:
Loss from continuing operations	$	(35,709	)	$	(1,430	)	$	(83,569	)	$	(29,477	)
Income (loss) from discontinued operations		(1,339	)		1,488			(27,656	)		(33,892	)
Net income (loss) attributable to common shareholders	$	(37,048	)	$	58		$	(111,225	)	$	(63,369	)

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

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

(In thousands, except share and per share data)

	2011			2010
Assets:
Real estate, at cost	$	3,163,209		$	3,363,586
Investments in real estate under construction		22,403			11,258
Less: accumulated depreciation and amortization		614,176			601,239
		2,571,436			2,773,605
Property held for sale - discontinued operations		7,025			7,316
Intangible assets, net		182,068			203,495
Cash and cash equivalents		71,499			52,644
Restricted cash		27,594			26,644
Investment in and advances to non-consolidated entities		106,637			72,480
Deferred expenses, net		46,267			39,912
Loans receivable, net		86,445			88,937
Rent receivable - current		7,399			7,498
Rent receivable - deferred		4,863			6,293
Other assets		52,546			56,172
Total assets	$	3,163,779		$	3,334,996

Liabilities and Equity:
Liabilities:
Mortgages and notes payable	$	1,400,486		$	1,481,216
Exchangeable notes payable		61,936			61,438
Convertible notes payable		104,664			103,211
Trust preferred securities		129,120			129,120
Dividends payable		24,348			23,071
Liabilities - discontinued operations		4,579			3,876
Accounts payable and other liabilities		55,801			51,292
Accrued interest payable		8,760			13,989
Deferred revenue - below market leases, net		82,104			96,490
Prepaid rent		15,993			15,164
		1,887,791			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 $103,065 and $104,760; 2,061,304 and 2,095,200 shares issued and outstanding in 2011 and 2010, respectively		100,132			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, 157,895,816 and 146,552,589 shares issued and outstanding in 2011 and 2010, respectively		16			15
Additional paid-in-capital		2,039,254			1,937,942
Accumulated distributions in excess of net income		(1,149,747	)		(985,562	)
Accumulated other comprehensive income (loss)		1,236			(106	)
Total shareholders' equity		1,216,980			1,280,156
Noncontrolling interests		59,008			75,973
Total equity		1,275,988			1,356,129
Total liabilities and equity	$	3,163,779		$	3,334,996

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

REPORTED COMPANY FUNDS FROM OPERATIONS PER SHARE

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
REPORTED COMPANY FUNDS FROM OPERATIONS: (1)
Basic and Diluted:
Net income (loss) attributable to common shareholders	$	(37,048	)	$	58		$	(111,225	)	$	(63,369	)
Adjustments:
Depreciation and amortization		41,279			40,325			120,797			123,805
Noncontrolling interests - OP units		643			687			(315	)		1,443
Amortization of leasing commissions		975			854			2,848			2,621
Joint venture and noncontrolling interest adjustment		(5,272	)		(1,131	)		(7,491	)		(1,977	)
Preferred dividends - Series C		1,546			1,702			4,840			5,107
Gains on sales of properties		(182	)		(2,025	)		(5,251	)		(2,523	)
Interest and amortization on 6.00% Convertible Notes		2,327			2,325			6,980			6,283
Reported Company FFO	$	4,268		$	42,795		$	11,183		$	71,390

Basic:
Weighted-average common shares outstanding - basic		157,205,530			133,713,505			151,676,401			129,487,281
6.00% Convertible Notes		16,230,905			16,230,905			16,230,905			14,698,029
Non-vested share-based payment awards		112,473			67,785			118,572			57,080
Operating Partnership Units		4,618,948			5,037,207			4,779,896			5,267,260
Preferred Shares - Series C		5,044,564			5,099,507			5,066,264			5,099,507
Weighted-average common shares outstanding		183,212,420			160,148,909			177,872,038			154,609,157
Reported Company FFO per common share - Basic	$	0.02		$	0.27		$	0.06		$	0.46

Diluted:
Weighted-average common shares outstanding - basic		157,205,530			133,713,505			151,676,401			129,487,281
6.00% Convertible Notes		16,230,905			16,230,905			16,230,905			14,698,029
Non-vested share-based payment awards		112,473			67,785			118,572			57,080
Operating Partnership Units		4,618,948			5,037,207			4,779,896			5,267,260
Preferred Shares - Series C		5,044,564			5,099,507			5,066,264			5,099,507
Options - Incremental shares		116,970			—			269,396			—
Weighted-average common shares outstanding		183,329,390			160,148,909			178,141,434			154,609,157
Reported Company FFO per common share - Diluted	$	0.02		$	0.27		$	0.06		$	0.46

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

EARNINGS PER SHARE

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
EARNINGS PER SHARE:
Basic and Diluted:
Loss from continuing operations attributable to common shareholders	$	(35,709	)	$	(1,430	)	$	(83,569	)	$	(29,477	)
Income (loss) from discontinued operations attributable to common shareholders		(1,339	)		1,488			(27,656	)		(33,892	)
Net income (loss) attributable to common shareholders	$	(37,048	)	$	58		$	(111,225	)	$	(63,369	)
Weighted-average number of common shares outstanding		157,205,530			133,713,505			151,676,401			129,487,281
Income (loss) per common share:
Loss from continuing operations	$	(0.23	)	$	(0.01	)	$	(0.55	)	$	(0.23	)
Income (loss) from discontinued operations		(0.01	)		0.01			(0.18	)		(0.26	)
Net income (loss) attributable to common shareholders	$	(0.24	)	$	0.00		$	(0.73	)	$	(0.49	)

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 Third 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	Beaumont	TX		07/2021		10,051	$	220	$	220
2	Progress Energy Service Company, LLC (2)	Cary	NC		11/2014		124,944	$	1,847	$	2,066
3	Hua's LLC (Run Hua Wu and Run Lian Mo)	Honolulu	HI		12/2014		4,184	$	37	$	37
4	Sunset Fades L.L.C.	Honolulu	HI		08/2016		379	$	3	$	3

4	TOTAL NEW LEASES						139,558	$	2,107	$	2,326

	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	Capital One Services, LLC	Glen Allen	VA		03/2012		05/2017		77,045	$	594	$	770	$	734	$	779
2	Carlson Restaurants Inc. (Carlson, Inc.)	Carrollton	TX		11/2018		11/2022		130,000	$	1,927	$	1,927	$	1,866	$	1,975
3	Sharon Teruya Cargo	Honolulu	HI		05/2011		05/2016		285	$	4	$	4	$	4	$	4
4	Darrell Lim and Company, Inc.	Honolulu	HI		04/2011		04/2014		2,215	$	21	$	28	$	21	$	28
5	Avnet, Inc.	Phoenix	AZ		11/2012		02/2023		176,402	$	1,652	$	2,408	$	2,161	$	2,318

5	Total office/multi-tenant lease extensions								385,947	$	4,198	$	5,137	$	4,786	$	5,104

	Industrial
1	Owens Corning Insulating Systems, LLC	Hebron	OH		05/2011		05/2013		400,522	$	901	$	801	$	901	$	801
2	Tower Automotive Operations USA I, LLC (Tower Automotive Inc.)	Plymouth	MI		10/2012		10/2017		290,133	$	1,378	$	1,886	$	1,474	$	1,834

2	Total industrial lease extensions								690,655	$	2,279	$	2,687	$	2,375	$	2,635

7	TOTAL EXTENDED LEASES								1,076,602	$	6,477	$	7,824	$	7,161	$	7,739

11	TOTAL NEW AND EXTENDED LEASES								1,216,160	$	8,584	$	7,824	$	9,487	$	7,739

	LEASE NON-RENEWAL

	Tenants (Guarantors)	Location		Lease Expiration Date	Sq. Ft.		Prior Cash Rent Per Annum ($000)		Prior GAAP Rent Per Annum ($000)
	Industrial
1	Owens Corning Insulating Systems, LLC (3)	Hebron	OH	08/2011		80,960	$	182	$	182

1	TOTAL LEASE NON-RENEWALS					80,960	$	182	$	182

Footnotes

(1)

Assumes twelve months rent from the later of 10/01/2011 or lease commencement/extension.

(2)

Prior tenant was Alcatel-Lucent USA, Inc. Prior Cash and GAAP rents were $2,348 and $2,058, respectively.

(3)

Effective 10/07/2011, tenant signed a month-to-month lease for 58,960 square feet at an annual rent of $133.

LEXINGTON REALTY TRUST

2011 Third Quarter Investment/Disposition Summary

	PROPERTY INVESTMENTS (1)
	Tenants (Guarantors)	Location		Property Type	Initial Basis ($000)		Estimated Current Annual Cash Rent ($000)		Current Cash Yield			Current GAAP Yield			Lease Expiration
1	MS Consultants, Inc.	Columbus	OH	Office	$	6,137	$	560		9.1	%		10.4	%		07/2027

1	TOTAL PROPERTY INVESTMENTS				$	6,137	$	560		9.1	%		10.4	%

	BUILD-TO-SUIT TRANSACTIONS
		Property Type	Sq. Ft.		Maximum Commitment /Contribution ($000)		Lease Term (Years)		Estimated Completion Date
1	Florence, SC	Office		32,000	$	5,128		12		1Q 12
2	Long Island City, NY (2)	Industrial		143,000	$	46,728		15		1Q 13
3	Jessup, PA	Office		150,000	$	20,780		15		2Q 12

3	TOTAL BUILD-TO-SUIT TRANSACTIONS				$	72,636

	DISPOSITIONS
	Tenants (Guarantors)	Location		Property Type	Gross Sale Price ($000)		Annualized NOI ($000)		Month of Disposition
1	Food Lion, Inc.	Jacksonville	NC	Retail	$	879	$	83	July
2	Vacant (3)	Canton	OH	Retail	$	1,710	$	-	Aug
3	Various	Decatur	GA	Office/Multi-tenant	$	13,000	$	785	Sept

3	TOTAL DISPOSITIONS				$	15,589	$	868

Footnotes

(1)

Excludes vacant multi-tenant property in Wilsonville, OR received via deed-in-lieu of foreclosure.

(1)

Joint venture investment. In addition, Lexington may loan a maximum of $4,398 to the joint venture under certain circumstances.

(1)

Property sold vacant, prior annualized NOI was $279.

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 9/30/2011 ($000) (2)		GAAP Base Rent as of 9/30/2011 ($000) (3)
OFFICE PROPERTIES
2011	11/30/2011	4000 Johns Creek Pkwy.	Suwanee	GA		--	PerkinElmer Instruments, LLC		2001		13,955		418		360
	12/31/2011	37101 Corporate Dr.	Farmington Hills	MI		--	Continental Automotive Systems, Inc.		2001		119,829		5,904		4,046
2012	1/31/2012	1275 Northwest 128th St.	Clive	IA		--	Principal Life Insurance Company		2004		61,180		599		599
		4000 Johns Creek Pkwy.	Suwanee	GA		--	Kraft Foods Global, Inc.		2001		73,264		1,084		1,039
	3/31/2012	1701 Market St.	Philadelphia	PA		4	Car-Tel Communications, Inc.		1957/1997		1,220		36		36
		3940 South Teller St.	Lakewood	CO		--	MoneyGram Payment Systems, Inc.		2002		68,165		930		650
	8/31/2012	2706 Media Center Dr.	Los Angeles	CA		--	Sony Electronics, Inc.		2000		20,203		158		158
		5757 Decatur Blvd.	Indianapolis	IN		--	Allstate Insurance Company		2002		84,200		1,030		1,161
							Damar Services, Inc.		2002		5,756		33		33
	10/31/2012	4455 American Way	Baton Rouge	LA		--	Bell South Mobility Inc.		1997		70,100		866		835
	11/7/2012	2706 Media Center Dr.	Los Angeles	CA		--	Playboy Enterprises, Inc.		2000		63,049		1,163		943
	12/31/2012	200 Executive Blvd. South	Southington	CT		--	Hartford Fire Insurance Company		1984/2006		153,364		1,260		1,218
2013	1/31/2013	12600 Gateway Blvd.	Fort Meyers	FL		--	Gartner, Inc.		1998		62,400		854		819
		810 & 820 Gears Rd.	Houston	TX		--	IKON Office Solutions, Inc.		2000		157,790		1,722		1,688
	3/31/2013	3165 McKelvey Rd.	Bridgeton	MO		--	BJC Health System		1981		52,994		295		395
	4/30/2013	Sandlake Rd./Kirkman Rd.	Orlando	FL		--	Lockheed Martin Corporation		1982		184,000		720		1,402
	5/31/2013	6303 Barfield Rd.	Atlanta	GA		--	International Business Machines Corporation (Internet Security Systems, Inc.)		2000/2001		238,600		3,706		3,661
	6/30/2013	2210 Enterprise Dr.	Florence	SC		--	JPMorgan Chase Bank, National Association		1998		179,300		941		941
	9/30/2013	9200 South Park Center Loop	Orlando	FL		--	Corinthian Colleges, Inc.		2003		59,927		989		869
	11/30/2013	10475 Crosspoint Blvd.	Indianapolis	IN		--	Yellow Book Sales and Distribution Company, Inc.		1999		3,764		48		48
		1110 Bayfield Dr.	Colorado Springs	CO		--	Honeywell International Inc.	1980/1990/2002			166,575		0		1,200
	12/13/2013	3333 Coyote Hill Rd.	Palo Alto	CA		--	Xerox Corporation	1973/1975/1982			202,000		2,624		2,543
	12/31/2013	2550 Interstate Dr.	Harrisburg	PA		--	New Cingular Wireless PCS, LLC		1998		81,859		1,427		1,403
2014	1/31/2014	1701 Market St.	Philadelphia	PA		4	Morgan, Lewis & Bockius, LLP		1957/1997		290,565		3,350		3,348
		850-950 Warrenville Rd.	Lisle	IL		--	James J. Benes & Associates, Inc.		1984		6,347		101		101
	3/15/2014	101 East Erie St.	Chicago	IL		--	Draftfcb, Inc. (Interpublic Group of Companies, Inc.)		1986		212,988		3,089		3,742
	5/31/2014	3476 Stateview Blvd.	Fort Mill	SC		--	Wells Fargo Bank, N.A.		2002		169,083		1,969		1,901
		3480 Stateview Blvd.	Fort Mill	SC		--	Wells Fargo Bank, N.A.		2004		169,218		2,687		2,588
		859 Mount Vernon Hwy.	Atlanta	GA		8	International Business Machines Corporation (Internet Security Systems, Inc.) / Problem Solved, LLC (iXP Corporation)		2004		50,400		949		772
	7/31/2014	16676 Northchase Dr.	Houston	TX		--	Anadarko Petroleum Corporation		2003		101,111		1,241		1,220
	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		1,683		1,592
	10/31/2014	1409 Centerpoint Blvd.	Knoxville	TN		--	Alstom Power, Inc.		1997		84,404		1,260		1,216
		2800 Waterford Lake Dr.	Midlothian	VA		--	Alstom Power, Inc.		2000		99,057		1,563		1,511
		700 US Hwy. Route 202-206	Bridgewater	NJ		--	Biovail Pharmaceuticals, Inc. (Valeant Pharmaceuticals International, Inc.)	1985/2003/2004			115,558		1,733		2,136
	11/30/2014	200 Lucent Ln.	Cary	NC		16	Progress Energy Service Company, LLC		1999		124,944		1,761		1,609
	12/14/2014	22011 Southeast 51st St.	Issaquah	WA		--	OSI Systems, Inc. (Instrumentarium Corporation)		1987		95,600		1,512		1,416
		5150 220th Ave.	Issaquah	WA		--	OSI Systems, Inc. (Instrumentarium Corporation)		1992		106,944		1,700		1,613
	12/31/2014	1066 Main St.	Forest Park	GA		--	Bank of America, NA (Bank of America Corporation)		1969		14,859		150		150
		1698 Mountain Industrial Blvd.	Stone Mountain	GA		--	Bank of America, NA (Bank of America Corporation)		1973		5,704		71		71
		180 South Clinton St.	Rochester	NY		--	Frontier Corporation		1988/2000		226,000		2,233		2,228
		201 West Main St.	Cumming	GA		--	Bank of America, NA (Bank of America Corporation)		1968/1982		14,208		149		149
		2223 North Druid Hills Rd.	Atlanta	GA		--	Bank of America, NA (Bank of America Corporation)		1972		6,260		84		84
		275 Technology Dr.	Canonsburg	PA		--	ANSYS, Inc.		1996		107,872		1,072		1,033
		400 Butler Farm Rd.	Hampton	VA		--	Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company)		1999		100,632		941		931
		4545 Chamblee – Dunwoody Rd.	Chamblee	GA		--	Bank of America, NA (Bank of America Corporation)		1972		4,565		66		66

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 9/30/2011 ($000) (2)		GAAP Base Rent as of 9/30/2011 ($000) (3)
OFFICE PROPERTIES
		825 Southway Dr.	Jonesboro	GA		--	Bank of America, NA (Bank of America Corporation)		1971		4,894		58		58
		956 Ponce de Leon Ave.	Atlanta	GA		--	Bank of America, NA (Bank of America Corporation)		1975		3,900		59		59
2015	1/31/2015	26555 Northwestern Hwy.	Southfield	MI		--	Federal-Mogul Corporation	1963/1965/1988/1989			187,163		869		1,064
	4/30/2015	13775 McLearen Rd.	Herndon	VA		--	Equant, Inc. (Equant, NV)	1985/1986/1992/1999			125,293		1,623		1,602
	7/1/2015	33 Commercial St.	Foxboro	MA		--	Invensys Systems, Inc. (Siebe, Inc.)		1982/1987		164,689		3,562		2,671
	7/31/2015	4001 International Pkwy.	Carrollton	TX		--	Motel 6 Operating, LP (Accor S.A.)		2003		138,443		2,400		2,396
	9/27/2015	10001 Richmond Ave.	Houston	TX		--	Baker Hughes Incorporated		1976		554,385		8,163		5,531
		12645 West Airport Rd.	Sugar Land	TX		--	Baker Hughes Incorporated		1997		165,836		2,091		1,457
	9/30/2015	500 Olde Worthington Rd.	Westerville	OH		--	InVentiv Communications, Inc.		2000		97,000		834		942
		550 Business Center Dr.	Lake Mary	FL		--	JPMorgan Chase Bank, National Association		1999		125,920		1,375		1,572
		600 Business Center Dr.	Lake Mary	FL		--	JPMorgan Chase Bank, National Association		1996		125,155		1,318		1,538
	10/31/2015	12209 West Markham St.	Little Rock	AR		--	Entergy Arkansas, Inc.		1980		36,311		178		178
2016	4/30/2016	11511 Luna Rd.	Farmers Branch	TX		--	Haggar Clothing Company (Texas Holding Clothing Corporation and Haggar Corporation)		2000		180,507		1,704		2,391
		2000 Eastman Dr.	Milford	OH		--	Siemens Corporation		1991		221,215		1,865		1,573
	10/31/2016	104 & 110 South Front St.	Memphis	TN		--	Hnedak Bobo Group, Inc.	1871/1980/1988/1999			37,229		363		376
	12/31/2016	2050 Roanoke Rd.	Westlake	TX		--	TD Auto Finance LLC		2001		130,290		2,612		2,111
2017	4/30/2017	1315 West Century Dr.	Louisville	CO		--	Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC)		1987/2006		106,877		1,158		1,200
	5/31/2017	120 East Shore Dr.	Glen Allen	VA		--	Capital One Services, LLC		2000		77,045		568		571
	9/30/2017	9201 East Dry Creek Rd.	Centennial	CO		--	The Shaw Group, Inc.		2001/2002		128,500		1,711		1,779
	11/30/2017	6200 Northwest Pkwy.	San Antonio	TX		--	United HealthCare Services, Inc.		2000		142,500		1,336		1,400
2018	3/14/2018	601 & 701 Experian Pkwy.	Allen	TX		--	Experian Information Solutions, Inc. (Experian Holdings, Inc.)		1981/1983		292,700		1,033		1,033
	5/30/2018	13651 McLearen Rd.	Herndon	VA		--	United States of America		1987		159,644		2,382		2,539
	6/30/2018	100 Barnes Rd.	Wallingford	CT		--	3M Company	1978/1985/1990/1993			44,400		341		380
	9/30/2018	1701 Market St.	Philadelphia	PA		4	CBC Restaurant Corp.		1957/1997		8,070		155		158
	12/22/2018	5200 Metcalf Ave.	Overland Park	KS		--	Swiss Re America Holding Corporation	1980/1990/2004/2005			320,198		3,452		3,476
2019	4/1/2019	9201 Stateline Rd.	Kansas City	MO		--	Swiss Re America Holding Corporation	1963/1973/1985/2003			155,925		1,625		1,626
	5/31/2019	4300 Northcorp Pkway	Palm Beach Gardens	FL		--	Office Suites Plus Properties, Inc.		1996		18,400		325		323
	6/19/2019	3965 Airways Blvd.	Memphis	TN		--	Federal Express Corporation	1982/1983/1985			521,286		5,110		5,260
	6/30/2019	275 South Valencia Ave.	Brea	CA		--	Bank of America, National Association		1983		637,503		6,533		6,464
	7/31/2019	500 Jackson St.	Columbus	IN		--	Cummins, Inc.		1984		390,100		3,320		3,405
	10/31/2019	10475 Crosspoint Blvd.	Indianapolis	IN		--	John Wiley & Sons, Inc.		1999		123,416		1,597		1,702
	12/31/2019	850-950 Warrenville Rd.	Lisle	IL		--	National-Louis University		1984		85,532		918		1,072
2020	1/31/2020	10300 Kincaid Dr.	Fishers	IN		--	Roche Diagnostics Operations, Inc.		1999		193,000		2,497		2,568
	2/14/2020	5600 Broken Sound Blvd.	Boca Raton	FL		--	Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.)		1983/2002		143,290		1,622		1,683
	7/8/2020	1460 Tobias Gadsen Blvd.	Charleston	SC		--	Hagemeyer North America, Inc.		2005		50,076		589		630
2021	3/31/2021	1311 Broadfield Blvd.	Houston	TX		--	Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.)		2000		155,040		1,928		1,967
	6/30/2021	1415 Wyckoff Rd.	Wall	NJ		--	New Jersey Natural Gas Company		1983		157,511		2,484		2,484
	8/31/2021	333 Three D Systems Circle	Rock Hill	SC		--	3D Systems Corporation		2006		80,028		253		272
	11/30/2021	29 South Jefferson Rd.	Whippany	NJ		--	CAE SimuFlite, Inc. (HP Whippany, LLC)		2006/2008		123,734		1,769		1,745
2022	1/31/2022	26210 and 26220 Enterprise Court	Lake Forest	CA		--	Apria Healthcare, Inc. (Apria Healthcare Group, Inc.)		2001		100,012		929		1,001
	3/31/2022	11201 Renner Blvd.	Lenexa	KS		7	Applebee’s Services, Inc. (DineEquity, Inc.) / United States of America		2007		178,000		2,721		1,990
	11/30/2022	4201 Marsh Ln.	Carrollton	TX		--	Carlson Restaurants Inc. (Carlson, Inc.)		2003		130,000		1,445		1,467
	12/31/2022	147 Milk St.	Boston	MA		--	Harvard Vanguard Medical Associates, Inc.		1910		52,337		1,149		1,246
2023	2/28/2023	2211 South 47th St.	Phoenix	AZ		--	Avnet, Inc.		1997		176,402		1,806		1,694
	3/31/2023	6555 Sierra Dr.	Irving	TX		--	TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC)		1999		247,254		2,247		2,214
		8900 Freeport Pkwy.	Irving	TX		--	Nissan Motor Acceptance Corporation (Nissan North America, Inc.)		2003		225,049		2,279		2,485

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 9/30/2011 ($000) (2)		GAAP Base Rent as of 9/30/2011 ($000) (3)
OFFICE PROPERTIES
2025	11/30/2025	11707 Miracle Hills Dr.	Omaha	NE		--	Infocrossing, Inc.		1989/1995		85,200		875		875
	12/31/2025	2005 East Technology Cir.	Tempe	AZ		--	Infocrossing, Inc.		1998		60,000		846		846
2026	12/29/2026	5500 New Albany Road	Columbus	OH		--	Evans, Mechwart, Hambleton & Tilton, Inc.		2005		104,807		1,140		1,304
2027	7/6/2027	2221 Schrock Road	Columbus	OH		--	MS Consultants, Inc.		1999/2006		42,290		131		150
2029	1/31/2029	6226 West Sahara Ave.	Las Vegas	NV		--	Nevada Power Company		1983/1994		282,000		6,053		3,190
	12/31/2029	400 East Stone Ave.	Greenville	SC		9	Canal Insurance Company	1948/1981/ 1982/1986/1991/2006/2008			128,041		693		0
N/A	N/A	1701 Market St.	Philadelphia	PA		4	Parking Operators		1957/1997		0		1,747		1,747
	Vacant	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
		1701 Market St.	Philadelphia	PA		4	(Available for Lease)		1957/1997		5,315		0		0
		8900 Freeport Pkwy.	Irving	TX		--	(Available for Lease)		2003		43,396		0		0
OFFICE TOTAL/WEIGHTED AVERAGE							99.4% Leased				12,637,539	$	152,012	$	144,989

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded		Sq. Ft. Leased or Available (1)		Cash Rent as of 9/30/2011 ($000) (2)		GAAP Base Rent as of 9/30/2011 ($000) (3)
INDUSTRIAL PROPERTIES
2012	2/15/2012	1601 Pratt Ave.	Marshall	MI	--	Enbridge Energy, Limited Partnership		1979		58,300		131		131
	8/4/2012	101 Michelin Dr.	Laurens	SC	--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		1991/1993		1,164,000		2,560		2,478
		7111 Crabb Rd.	Temperance	MI	--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		1978/1993		744,570		1,715		1,660
	12/31/2012	245 Salem Church Rd.	Mechanicsburg	PA	17	Exel, Inc. (NFC plc)		1985		252,000		652		649
2013	5/31/2013	200 Arrowhead Dr.	Hebron	OH	--	Owens Corning Insulating Systems, LLC		2000		400,522		634		634
		2203 Sherrill Dr.	Statesville	NC	--	Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation)		1999/2002		639,800		1,307		1,307
	12/31/2013	1133 Poplar Creek Rd.	Henderson	NC	--	Staples, Inc. (Corporate Express, Inc.)		1998/2006		196,946		657		608
2014	1/1/2014	2415 US Hwy. 78 East	Moody	AL	--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		2004		595,346		790		790
	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		303		236
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		357		366
2016	2/28/2016	7670 Hacks Cross Rd.	Olive Branch	MS	--	MAHLE Clevite, Inc. (MAHLE Industries, Incorporated)		1989		268,104		716		687
	3/31/2016	19500 Bulverde Rd.	San Antonio	TX	--	Harcourt Inc. (Harcourt General, Inc.)		2001		559,258		2,664		2,572
		2455 Premier Dr.	Orlando	FL	--	Walgreen Co.		1980		205,016		381		589
	5/31/2016	291 Park Center Dr.	Winchester	VA	--	Kraft Foods Global, Inc.		2001		344,700		1,072		967
	8/31/2016	10590 Hamilton Ave.	Cincinnati	OH	--	The Hillman Group, Inc.	1991/1994/1995/2005			248,200		594		594
	9/30/2016	900 Industrial Blvd.	Crossville	TN	--	Dana Commercial Vehicle Products, LLC		1989/2006		222,200		513		513
2017	2/28/2017	3456 Meyers Ave.	Memphis	TN	--	Sears Logistics Services		1973		780,000		1,194		1,271
	6/30/2017	7500 Chavenelle Rd.	Dubuque	IA	--	The McGraw-Hill Companies, Inc.		2001		330,988		880		873
	9/30/2017	250 Swathmore Ave.	High Point	NC	--	Steelcase Inc.		2002		244,851		815		815
	10/31/2017	1420 Greenwood Rd.	McDonough	GA	--	Versacold USA, Inc.		2000/2007		296,972		1,983		1,947
		43955 Plymouth Oaks Blvd.	Plymouth	MI	--	Tower Automotive Operations USA I, LLC (Tower Automotive Inc.)		1996/1998		290,133		1,414		1,341
2018	6/30/2018	1650-1654 Williams Rd.	Columbus	OH	--	ODW Logistics, Inc.		1973		772,450		1,010		1,007
	9/30/2018	50 Tyger River Dr.	Duncan	SC	--	Plastic Omnium Auto Exteriors, LLC	2005/2007/2008			221,833		718		718
2019	4/30/2019	113 Wells St.	North Berwick	ME	--	United Technologies Corporation		1965/1980		972,625		1,152		1,152
	10/17/2019	10345 Philipp Pkwy.	Streetsboro	OH	--	L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.)		2004		649,250		1,889		1,958
2020	3/31/2020	2425 Hwy. 77 North	Waxahachie	TX	--	James Hardie Building Products, Inc. (James Hardie NV)		1996/2001		335,610		2,550		2,550
	6/30/2020	3102 Queen Palm Dr.	Tampa	FL	--	Time Customer Service, Inc. (Time Incorporated)		1986		229,605		947		957
	9/30/2020	3350 Miac Cove Rd.	Memphis	TN	--	Mimeo.com, Inc.		1987		107,400		303		281
	12/19/2020	1901 Ragu Dr.	Owensboro	KY	6	Unilever Supply Chain, Inc. (Unilever United States, Inc.)	1975/1979/1995			443,380		787		1,119
2021	5/31/2021	477 Distribution Pkwy.	Collierville	TN	--	Federal Express Corporation	1984/1987/2005			120,000		360		302
	9/30/2021	3820 Micro Dr.	Millington	TN	--	Ingram Micro L.P (Ingram Micro Inc.)		1997		701,819		1,830		1,427
	11/30/2021	2880 Kenny Biggs Rd.	Lumberton	NC	--	Quickie Manufacturing Corporation	1998/2001/2006			423,280		970		1,017
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		1,009		1,009
		301 Bill Bryan Rd.	Hopkinsville	KY	--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1987/1999/2000/2006			424,904		1,266		1,266
		4010 Airpark Dr.	Owensboro	KY	--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)		1998/2001		211,598		906		906
		730 North Black Branch Rd.	Elizabethtown	KY	--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)		2001		167,770		403		403
		750 North Black Branch Rd.	Elizabethtown	KY	--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1995/2000/2001			539,592		2,129		2,129
	7/31/2025	7005 Cochran Rd.	Glenwillow	OH	--	Royal Appliance Manufacturing Company		1997		458,000		1,458		1,688
2026	3/30/2026	121 Technology Dr.	Durham	NH	--	Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation)	1986/2002/2003			500,500		1,221		1,903
	3/31/2026	459 Wingo Road	Byhalia	MS	--	Asics America Corporation (Asics Corporation)		2011		513,734		1,040		1,200
	10/31/2026	5001 Greenwood Rd.	Shreveport	LA	--	Libbey Glass Inc. (Libbey Inc.)		2006		646,000		1,498		1,624
	11/30/2026	250 Rittenhouse Cir.	Bristol	PA	--	Northtec LLC (The Estee Lauder Companies Inc.)		1983/1997		241,977		0		386

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded		Sq. Ft. Leased or Available (1)		Cash Rent as of 9/30/2011 ($000) (2)		GAAP Base Rent as of 9/30/2011 ($000) (3)
INDUSTRIAL PROPERTIES
2031	5/31/2031	671 Washburn Switch Rd.	Shelby	NC		--	Clearwater Paper Corporation		2011		673,518		624		759
N/A	Vacant	191 Arrowhead Dr.	Hebron	OH		16	(Available for Lease)		1999		250,410		141		141
		3350 Miac Cove Rd.	Memphis	TN		--	(Available for Lease)		1987		32,679		0		0
INDUSTRIAL TOTAL/WEIGHTED AVERAGE							98.4% Leased				18,056,190	$	45,543	$	46,930

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 9/30/2011 ($000) (2)		GAAP Base Rent as of 9/30/2011 ($000) (3)
RETAIL PROPERTIES
2012	4/30/2012	10415 Grande Ave.	Sun City	AZ	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1982		10,000		124		188
		402 East Crestwood Dr.	Victoria	TX	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1982		10,000		124		87
		4121 South Port Ave.	Corpus Christi	TX	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1980		10,000		124		103
		900 South Canal St.	Carlsbad	NM	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1981		10,000		124		79
		901 West Expwy.	McAllen	TX	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1980		10,000		124		123
	5/31/2012	3451 Alta Mesa Blvd.	Fort Worth	TX	--	Minyard Food Stores, Inc. (Safeway Stores, Inc.)		1985		44,000		228		269
	6/30/2012	1600 East 23rd St.	Chattanooga	TN	--	BI-LO, LLC		1983		42,130		100		100
	11/30/2012	101 West Buckingham Rd.	Garland	TX	--	Minyard Food Stores, Inc.		1982		40,000		244		244
		205 Homer Rd.	Minden	LA	--	Brookshire Grocery Company (Safeway Stores, Inc.)		1981		35,000		145		207
2013	2/28/2013	291 Talbert Blvd.	Lexington	NC	--	Food Lion, Inc. (Delhaize America, Inc.)		1981		23,000		104		104
		3211 West Beverly St.	Staunton	VA	--	Food Lion, Inc. (Delhaize America, Inc.)		1971		23,000		124		124
		S. Carolina 52/52 Bypass	Moncks Corner	SC	--	Food Lion, Inc. (Delhaize America, Inc.)		1982		23,000		46		92
		US 221 & Hospital Rd.	Jefferson	NC	--	Food Lion, Inc. (Delhaize America, Inc.)		1981		23,000		55		55
	7/1/2013	1053 Mineral Springs Rd.	Paris	TN	--	The Kroger Co.		1982		31,170		119		160
	10/31/2013	1084 East Second St.	Franklin	OH	--	Marsh Supermarkets, Inc.		1961/1978		29,119		84		115
		130 Midland Ave.	Port Chester	NY	--	Pathmark Stores, Inc.		1982		59,000		344		898
		5104 North Franklin Rd.	Lawrence	IN	--	Marsh Supermarkets, Inc.		1958		28,721		145		145
2014	3/31/2014	N.E.C. 45th St./Lee Blvd.	Lawton	OK	--	Associated Wholesale Grocers, Inc. (Safeway Stores, Inc.)		1984		30,757		139		155
2015	1/31/2015	1700 State Route 160	Port Orchard	WA	--	Moran Foods, Inc. d/b/a Save-A-Lot, Ltd.		1983		16,037		61		61
	5/31/2015	24th St. West & St. John’s Ave.	Billings	MT	--	Safeway Stores, Inc.		1981		40,800		140		238
2016	5/31/2016	12535 Southeast 82nd Ave.	Clackamas	OR	--	TRU 2005 RE I, LLC		1981		42,842		229		237
		18601 Alderwood Mall Blvd.	Lynnwood	WA	--	TRU 2005 RE I, LLC		1981/1993		43,105		211		218
		4811 Wesley St.	Greenville	TX	--	Brookshire Grocery Company (Safeway Stores, Inc.)		1985		48,492		128		181
		6910 South Memorial Hwy.	Tulsa	OK	--	Toys “R” Us-Delaware, Inc.		1981		43,123		192		199
2017	3/31/2017	1610 South Westmoreland Ave.	Dallas	TX	--	Malone’s Food Stores, Ltd.		1960		70,910		271		346
2018	2/26/2018	399 Peachwood Centre Dr.	Spartanburg	SC	--	Best Buy Co., Inc.		1996		45,800		296		296
		4831 Whipple Ave., Northwest	Canton	OH	--	Best Buy Co., Inc.		1995		46,350		349		349
	9/30/2018	835 Julian Ave.	Thomasville	NC	--	Mighty Dollar, LLC		1983		23,767		53		53
	10/31/2018	10340 U.S. 19	Port Richey	FL	--	Kingswere Furniture, LLC		1980		53,820		260		260
	12/31/2018	1150 West Carl Sandburg Dr.	Galesburg	IL	--	Kmart Corporation		1992		94,970		119		247
		12080 Carmel Mountain Rd.	San Diego	CA	--	Sears Holdings Corporation		1993		107,210		135		563
		21082 Pioneer Plaza Dr.	Watertown	NY	--	Kmart Corporation		1993		120,727		199		361
		255 Northgate Dr.	Manteca	CA	--	Kmart Corporation		1993		107,489		212		416
		5350 Leavitt Rd.	Lorain	OH	--	Kmart Corporation		1993		193,193		300		548
		97 Seneca Trail	Fairlea	WV	--	Kmart Corporation		1993/1999		90,933		140		260
2028	8/31/2028	9803 Edmonds Way	Edmonds	WA	--	Pudget Consumers Co-op d/b/a PCC Natural Markets		1981		35,459		452		452
N/A	Vacant	1700 State Route 160	Port Orchard	WA	--	(Available for Lease)		1983		11,931		0		0
RETAIL TOTAL/WEIGHTED AVERAGE						99.3% Leased				1,718,855	$	6,244	$	8,533

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded	Gross Book Value ($000) (10)		Sq.Ft.		Percentage Leased			Cash Rent as of 9/30/2011 ($000) (2)		GAAP Base Rent as of 9/30/2011 ($000) (3)		Debt Balance ($000)
MULTI-TENANT PROPERTIES (14)
Various	Various	10 John St.	Clinton	CT	6	Multi-Tenant	1972		0		41,188		0	%		0		0		0
		100 East Shore Dr.	Glen Allen	VA	--	Multi-Tenant	1999		11,586		68,003		84	%		991		923		19,247
		100 Light St.	Baltimore	MD	13	Multi-Tenant	1973/2009		239,388		476,459		95	%		4,348		5,360		0
		140 East Shore Dr.	Glen Allen	VA	12	Multi-Tenant	2000		13,195		79,675		72	%		530		609		0
		13430 North Black Canyon Fwy.	Phoenix	AZ	11	Multi-Tenant	1981/1982/ 2005/2007/2009		16,716		138,940		100	%		1,714		1,760		0
		1500 Hughes Way	Long Beach	CA	5	Multi-Tenant	1981		63,015		490,055		68	%		5,576		5,676		0
		207 Mockingbird Ln.	Johnson City	TN	11	Multi-Tenant	1979		10,549		60,684		100	%		506		567		0
		2300 Litton Ln.	Hebron	KY	11	Multi-Tenant	1986/1996		9,740		80,441		100	%		371		342		0
		350 Pine St.	Beaumont	TX	11	Multi-Tenant	1981		12,667		425,198		74	%		3,520		3,645		0
		4200 Northcorp Pkway	Palm Beach Gardens	FL	11 / 16	Multi-Tenant	1996		17,983		95,080		20	%		302		302		0
		421 Butler Farm Rd.	Hampton	VA	--	Multi-Tenant	2000		7,358		56,564		65	%		451		451		0
		4848 129th East Ave.	Tulsa	OK	16	Multi-Tenant	2000		13,018		101,100		0	%		120		120		7,119
		6050 Dana Way	Antioch	TN	--	Multi-Tenant	1999		14,953		672,629		62	%		933		996		0
		6277 Sea Harbor Dr.	Orlando	FL	--	Multi-Tenant	1984		52,179		360,307		0	%		25		25		0
		King St./1032 Fort St. Mall	Honolulu	HI	11 / 13	Multi-Tenant	1979/2002		47,079		318,451		93	%		1,927		1,018		0
		9275 SW Peyton Lane	Wilsonville	OR	--	Multi-Tenant	1980/1998		5,559		122,857		0	%		0		0		0
MULTI-TENANT TOTAL/WEIGHTED AVERAGE						63.3% Leased					3,587,631				$	21,314	$	21,794	$	26,366

TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE						95.3% Leased					36,000,215				$	225,113	$	222,246

Footnotes

1	Square foot leased or vacant.

2	Nine months ended 9/30/11 cash rent.

3	Nine months ended 9/30/11 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 terminated 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 $739 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 $13.0 million in operating expenses, net for the nine months ended 9/30/2011.

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

16	Amounts represent/include prior tenant.

17	Property disposed of subsequent to 9/30/2011.

LEXINGTON REALTY TRUST

Property Leases and Vacanceis - Net Lease Strategic Assets Fund Portfolio - 9/30/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 9/30/2011 ($000) (2)		GAAP Base Rent as of 9/30/2011 ($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		206		177
2013	5/31/2013	2401 Cherahala Blvd.	Knoxville	TN	--	AdvancePCS		2002		59,748		675		675
	6/30/2013	420 Riverport Rd.	Kingsport	TN	--	Kingsport Power Company		1981		42,770		233		230
	10/14/2013	3943 Denny Ave.	Pascagoula	MS	--	Northrop Grumman Systems Corporation		1995		94,841		479		479
	12/31/2013	120 Southeast Pkwy. Dr.	Franklin	TN	--	Essex Group, Inc. (United Technologies Corporation)		1970/1983		289,330		551		490
2014	1/31/2014	109 Stevens St.	Jacksonville	FL	--	Wagner Industries, Inc.		1959/1967		168,800		146		189
		1401 & 1501 Nolan Ryan Pkwy.	Arlington	TX	--	Siemens Corporation		2003		236,547		2,042		2,010
	4/30/2014	12000 & 12025 Tech Center Dr.	Livonia	MI	--	Kelsey-Hayes Company (TRW Automotive, Inc.)	1987/1988/1990			180,230		1,562		1,556
	6/30/2014	70 Mechanic St.	Foxboro	MA	--	Invensys Systems, Inc. (Siebe, Inc.)	1965/1967/1971			251,914		3,182		2,873
	12/31/2014	324 Industrial Park Rd.	Franklin	NC	--	SKF USA Inc.		1996		72,868		317		317
2015	6/30/2015	1700 47th Ave North	Minneapolis	MN	--	Owens Corning Roofing and Asphalt, LLC		2003		18,620		462		462
		2500 Patrick Henry Pkwy.	McDonough	GA	--	Georgia Power Company		1999		111,911		1,145		1,152
		2935 Van Vactor Dr.	Plymouth	IN	--	Bay Valley Foods, LLC		2000/2003		300,500		604		607
		3711 San Gabriel	Mission	TX	--	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)		2003		75,016		788		765
	9/27/2015	2529 West Thorne Dr.	Houston	TX	--	Baker Hughes Incorporated		1982/1999		65,500		929		628
		9110 Grogans Mill Rd.	The Woodlands	TX	--	Baker Hughes Incorporated		1992		275,750		3,363		2,360
	10/31/2015	5201 West Barraque St.	Pine Bluff	AR	--	Entergy Arkansas Inc.	1964/1972/1988			27,189		144		144
2016	1/31/2016	1600 Eberhardt Rd.	Temple	TX	--	Nextel of Texas, Inc. (Nextel Finance Company)		2001		108,800		1,244		1,213
	5/31/2016	1200 Jupiter Rd.	Garland	TX	--	Raytheon Company		1980		278,759		1,130		1,357
	7/14/2016	1400 Northeast McWilliams Rd.	Bremerton	WA	--	Nextel West Corp.		2002		60,200		841		851
	11/30/2016	736 Addison Rd.	Erwin	NY	--	Corning Incorporated		2006		408,000		905		905
2017	4/30/2017	3600 Army Post Rd.	Des Moines	IA	--	HP Enterprise Services, LLC		2000		405,000		2,308		2,078
	12/31/2017	11411 North Kelly Ave.	Oklahoma City	OK	--	American Golf Corporation		1991/1996		13,924		356		359
2018	8/31/2018	3500 North Loop Rd.	McDonough	GA	--	Ocwen Financial Corporation		2007		62,218		884		884
	9/30/2018	904 Industrial Rd.	Marshall	MI	--	Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.)	1968/1972/2008			246,508		574		602
2019	1/31/2019	2999 Southwest 6th St.	Redmond	OR	--	VoiceStream PCS I LLC (T-Mobile USA, Inc.)		2004		77,484		1,157		1,179
	6/28/2019	3265 East Goldstone Dr.	Meridian	ID	--	VoiceStream PCS Holding, LLC (T-Mobile USA, Inc.)		2004		77,484		973		1,023
	10/31/2019	17191 St. Luke's Way	The Woodlands	TX	--	Montgomery County Management Company, LLC		2004		41,000		599		739
		9601 Renner Blvd.	Lenexa	KS	--	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)		2004		77,484		990		1,044
	7/15/2019	19019 North 59th Ave.	Glendale	AZ	--	Honeywell International Inc.	1986/1997/2000			252,300		1,693		1,903
2020	5/31/2020	359 Gateway Dr.	Lavonia	GA	--	TI Group Automotive Systems, LLC (TI Automotive Ltd.)		2005		133,221		900		900
	6/30/2020	10419 North 30th St.	Tampa	FL	--	Time Customer Service, Inc. (Time Incorporated)		1986		132,981		1,004		1,017
	8/31/2020	First Park Dr.	Oakland	ME	--	Omnipoint Holdings, Inc. (T-Mobile USA, Inc.)		2005		78,610		983		862
	11/30/2020	11555 University Blvd.	Sugar Land	TX	--	KS Management Services, LLP (St. Luke’s Episcopal Health System Corporation)		2005		72,683		919		938
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		1,382		1,449
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		1,766		1,658
	7/31/2022	1440 East 15th St.	Tucson	AZ	--	CoxCom, Inc.		1988		28,591		412		415
2025	7/14/2025	590 Ecology Ln.	Chester	SC	--	Owens Corning		2001/2005		420,597		1,639		1,626
2026	8/31/2026	25500 State Hwy. 249	Tomball	TX	--	Parkway Chevrolet, Inc. (Raymond Durdin and Jean W. Durdin)		2005		77,076		1,001		1,135

LEXINGTON REALTY TRUST

Property Leases and Vacanceis - Net Lease Strategic Assets Fund Portfolio - 9/30/2011

Year of Lease Expiration

Date of Lease

Expiration

Property Location

City

State

Note

Primary Tenant (Guarantor)

Year Acquired/ Built/

Renovated/

Expanded

Sq.Ft.

Leased or Available (1)

Cash

Rent

as of

9/30/2011 ($000) (2)

GAAP

Base Rent

as of

9/30/2011

($000) (3)

NET LEASE STRATEGIC ASSETS FUND PROPERTIES

2027

4/30/2027

2424 Alpine Rd.

Eau Claire

Silver Spring Gardens, Inc. (Huntsinger Farms, Inc.)

1993/2004

159,000

697

878

N/A

Vacant

265 Lehigh St.

Allentown

(Available for Lease)

1980

48,838

124

2,636

NET LEASE STRATEGIC ASSETS FUND TOTAL/WEIGHTED AVERAGE

99.2% Leased

5,810,762

41,309

42,765

Footnotes

1	Square foot leased or vacant.

2	Nine months ended 9/30/2011 cash rent.

3	Nine months ended 9/30/2011 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

9/30/2011

	Office						Industrial						Retail
Year	Net Rentable Area		Cash Rent as of 9/30/2011 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 9/30/2011 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 9/30/2011 ($000)		Annual Rent PSF
2011		133,784	$	6,322	$	63.01		-	$	-	$	-		-	$	-	$	-
2012		600,501	$	7,159	$	15.90		2,218,870	$	5,058	$	3.04		211,130	$	1,337	$	8.44
2013		1,389,209	$	13,326	$	12.79		1,237,268	$	2,598	$	2.80		240,010	$	1,021	$	5.67
2014		2,218,148	$	29,481	$	17.72		685,346	$	1,093	$	2.13		30,757	$	139	$	6.03
2015		1,720,195	$	22,413	$	14.69		150,000	$	357	$	3.17		56,837	$	201	$	4.72
2016		569,241	$	6,544	$	15.33		1,847,478	$	5,940	$	4.29		177,562	$	760	$	5.71
2017		454,922	$	4,773	$	13.99		1,942,944	$	6,286	$	4.31		70,910	$	271	$	5.10
2018		825,012	$	7,363	$	13.96		994,283	$	1,728	$	2.32		884,259	$	2,063	$	3.72
2019		1,932,162	$	19,428	$	13.41		1,621,875	$	3,041	$	2.50		-	$	-	$	-
2020		386,366	$	4,708	$	16.25		1,115,995	$	4,587	$	5.48		-	$	-	$	-
2021		516,313	$	6,434	$	17.23		1,245,099	$	3,160	$	3.38		-	$	-	$	-
2022		460,349	$	6,244	$	18.08		-	$	-	$	-		-	$	-	$	-
2023		648,705	$	6,332	$	13.01		-	$	-	$	-		-	$	-	$	-
2024		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2025		145,200	$	1,721	$	15.80		2,138,214	$	7,171	$	4.47		-	$	-	$	-
2026		104,807	$	1,140	$	14.50		1,902,211	$	3,759	$	3.03		-	$	-	$	-
2027		42,290	$	131	$	13.25		-	$	-	$	-		-	$	-	$	-
2028		-	$	-	$	-		-	$	-	$	-		35,459	$	452	$	17.00
2029		410,041	$	6,746	$	21.94		-	$	-	$	-		-	$	-	$	-
2030		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2031		-	$	-	$	-		673,518	$	624	$	3.18		-	$	-	$	-

Total/Weighted Average (1)		12,557,245	$	150,265	$	15.78		17,773,101	$	45,402	$	3.52		1,706,924	$	6,244	$	5.19

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

9/30/2011

Year	Number of Leases Expiring		GAAP Base Rent as of 9/30/2011 ($000)		Percent of GAAP Base Rent as of 9/30/2011
2011		2	$	4,406		2.2	%
2012		23	$	12,990		6.5	%
2013		22	$	19,211		9.7	%
2014		28	$	30,775		15.5	%
2015		13	$	19,616		9.9	%
2016		14	$	13,208		6.7	%
2017		10	$	11,543		5.8	%
2018		17	$	12,664		6.4	%
2019		9	$	22,962		11.6	%
2020		7	$	9,788		4.9	%
2021		7	$	9,214		4.6	%
2022		4	$	5,704		2.9	%
2023		3	$	6,393		3.2	%
2024		-	$	-		-
2025		8	$	9,122		4.6	%
2026		5	$	6,417		3.2	%
2027		1	$	150		0.1	%
2028		1	$	452		0.2	%
2029 (2)		2	$	3,190		1.6	%
2030		-	$	-		-
2031		1	$	759		0.4	%

Total (1)		177	$	198,564		100.0	%

Footnotes

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

(2)	GAAP base rent excludes capital lease asset.

LEXINGTON REALTY TRUST

Mortgage Loans Receivable

9/30/2011

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	$	405	$	9,500	$	-
Office	Schaumburg (3)	IL	$	21,259		15.00	%		01/2012	$	-	$	21,259	$	-
	Southfield	MI	$	8,232		4.55	%		02/2015	$	1,282	$	5,810	$	-
	Westmont (4)	IL	$	27,304		6.45	%		10/2015	$	2,090	$	25,731	$	6,491
Industrial	New Kingstown	PA	$	2,963		7.78	%		01/2013	$	323	$	2,826	$	674
	Norcross/ E. Greenbush (5)	GA/NY	$	10,466		16.75	%		06/2013	$	1,259	$	10,873	$	-
Retail	Various	Various	$	2,113		8.00	%		07/2012	$	2,218	$	-	$	-
	Austin	TX	$	1,670		16.00	%		10/2018	$	-	$	5,104	$	-
	Various	Various	$	1,431		8.00	%		02/2021	$	219	$	-	$	-
	Various	Various	$	774		8.00	%		12/2021	$	132	$	-	$	-
	Various	Various	$	871		8.00	%		03/2022	$	96	$	-	$	-
	Total Mortgage Loans Receivable		$	86,651						$	8,024	$	81,103	$	7,165

Footnotes

(1)	Includes accrued interest receivable and excludes net origination fees of $149.

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

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

(4)	Escrow balance includes $3,766 in a collateral escrow account maintained by the borrower and $2,500 letter of credit held by Lexington.

(5)	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 Third Quarter Financing Summary

	DEBT RETIRED

		Face ($000)		Satisfaction ($000)		Rate			Due Date
1	Winchester, VA	$	9,690	$	9,690		6.346	%		08/2011
	TOTAL	$	9,690	$	9,690

LEXINGTON REALTY TRUST

Debt Maturity Schedule

9/30/2011

($000)

Consolidated Properties
Year	Real Estate Scheduled Amortization		Real Estate Balloon Payments		Corporate Debt
2011	$	4,355	$	-	$	-
2012		28,914		181,998		62,150	(1)
2013		25,390		234,937		60,551
2014		23,637		229,068		-
2015		14,991		269,090		-
	$	97,287	$	915,093	$	122,701

Non-Consolidated Investments - LXP Proportionate Share

Year	Real Estate Scheduled Amortization		Real Estate Balloon Payments
2011	$	413	$	-
2012		2,563		3,323
2013		2,677		2,496
2014		2,377		9,311
2015		2,354		6,960
	$	10,384	$	22,090

Footnotes

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

LEXINGTON REALTY TRUST

2012 Mortgage Maturities by Property Type

9/30/2011

	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 9/30/2011 ($000)		GAAP Base Rent as of 9/30/2011 ($000)
Office	1315 West Century Dr.	Louisville	CO		106,877	$	7,195		01/2012		04/2017	$	16,933	$	1,158	$	1,200
	2000 Eastman Dr.	Milford	OH		221,215	$	12,686		02/2012		04/2016	$	26,641	$	1,865	$	1,573
	26210 and 26220 Enterprise Court	Lake Forest	CA		100,012	$	9,708		02/2012		01/2022	$	17,211	$	929	$	1,001
	200 Lucent Ln.	Cary	NC		124,944	$	12,543		05/2012		11/2014	$	23,881	$	1,761	$	1,609
	2050 Roanoke Rd.	Westlake	TX		130,290	$	17,828		05/2012		12/2016	$	32,697	$	2,612	$	2,111
	3940 South Teller St.	Lakewood	CO		68,165	$	7,890		05/2012		03/2012	$	12,155	$	930	$	650
	37101 Corporate Dr.	Farmington Hills	MI		119,829	$	17,724		09/2012		12/2011	$	12,899	$	5,904	$	4,046
	4455 American Way	Baton Rouge	LA		70,100	$	5,943		10/2012		10/2012	$	13,868	$	866	$	835
	1110 Bayfield Dr.	Colorado Springs	CO		166,575	$	10,272		12/2012		11/2013	$	19,579	$	-	$	1,200
Industrial	245 Salem Church Rd. (2)	Mechanicsburg	PA		252,000	$	4,514		01/2012		12/2012	$	9,051	$	652	$	649
	3820 Micro Dr.	Millington	TN		701,819	$	16,222		05/2012		09/2021	$	25,020	$	1,830	$	1,427
	101 Michelin Dr.	Laurens	SC		1,164,000	$	14,022		09/2012		08/2012	$	34,370	$	2,560	$	2,478
	7111 Crabb Rd.	Temperance	MI		744,570	$	9,400		09/2012		08/2012	$	21,188	$	1,715	$	1,660
	19500 Bulverde Rd.	San Antonio	TX		559,258	$	26,025		10/2012		03/2016	$	41,882	$	2,664	$	2,572
	43955 Plymouth Oaks Blvd.	Plymouth	MI		290,133	$	10,026		12/2012		10/2017	$	19,161	$	1,414	$	1,341

	Total 2012 Mortgage Maturities				4,819,787	$	181,998					$	326,536	$	26,860	$	24,352

Footnotes

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

(2)	Property sold and mortgage satisfied subsequent to September 30, 2011.

LEXINGTON REALTY TRUST

2013 Mortgage Maturities by Property Type

9/30/2011

	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 9/30/2011 ($000)		GAAP Base Rent as of 9/30/2011 ($000)
Office	3476 Stateview Blvd.	Fort Mill	SC		169,083	$	9,904		01/2013		05/2014	$	18,079	$	1,969	$	1,901
	9201 East Dry Creek Rd.	Centennial	CO		128,500	$	13,555		02/2013		09/2017	$	26,922	$	1,711	$	1,779
	12600 Gateway Blvd.	Fort Meyers	FL		62,400	$	8,550		05/2013		01/2013	$	13,561	$	854	$	819
	200 Executive Blvd. South	Southington	CT		153,364	$	12,228		05/2013		12/2012	$	26,737	$	1,260	$	1,218
	275 South Valencia Ave.	Brea	CA		637,503	$	73,071		05/2013		06/2019	$	118,929	$	6,533	$	6,464
	5757 Decatur Blvd.	Indianapolis	IN		89,956	$	8,580		05/2013		08/2012	$	15,239	$	1,063	$	1,194
	810 & 820 Gears Rd.	Houston	TX		157,790	$	15,737		05/2013		01/2013	$	26,829	$	1,722	$	1,688
	8900 Freeport Pkwy.	Irving	TX		268,445	$	36,466		05/2013		03/2023	$	60,116	$	2,279	$	2,485
	6303 Barfield Rd./859 Mount Vernon Hwy.	Atlanta	GA		289,000	$	40,356		05/2013		2013/2014	$	76,766	$	4,655	$	4,433
	2211 South 47th St.	Phoenix	AZ		176,402	$	16,490		09/2013		02/2023	$	24,631	$	1,806	$	1,694

	Total 2013 Mortgage Maturities				2,132,443	$	234,937					$	407,809	$	23,852	$	23,675

Footnotes

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

LEXINGTON REALTY TRUST

2014 Mortgage Maturities by Property Type

9/30/2011

	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 9/30/2011 ($000)		GAAP Base Rent as of 9/30/2011 ($000)
Office	33 Commercial St.	Foxboro	MA		164,689	$	-		01/2014		07/2015	$	29,238	$	3,562	$	2,671
	1275 Northwest 128th St.	Clive	IA		61,180	$	5,151		05/2014		01/2012	$	10,599	$	599	$	599
	3480 Stateview Blvd.	Fort Mill	SC		169,218	$	18,311		05/2014		05/2014	$	29,174	$	2,687	$	2,588
	1701 Market St. (2)	Philadelphia	PA		305,170	$	43,520		07/2014	Various		$	69,924	$	5,288	$	5,289
	10300 Kincaid Dr.	Fishers	IN		193,000	$	10,466		08/2014		01/2020	$	28,233	$	2,497	$	2,568
	3965 Airways Blvd.	Memphis	TN		521,286	$	47,270		09/2014		06/2019	$	116,410	$	5,110	$	5,260
	500 Jackson St.	Columbus	IN		390,100	$	26,399		09/2014		07/2019	$	53,821	$	3,320	$	3,405
	6226 West Sahara Ave.	Las Vegas	NV		282,000	$	32,118		09/2014		01/2029	$	64,735	$	6,053	$	3,190
	22011 Southeast 51st St./5150 220th Ave.	Issaquah	WA		202,544	$	30,388		12/2014		12/2014	$	51,288	$	3,212	$	3,029
	275 Technology Dr.	Canonsburg	PA		107,872	$	9,095		12/2014		12/2014	$	15,739	$	1,072	$	1,033
Industrial	2415 US Hwy. 78 East	Moody	AL		595,346	$	6,350		01/2014		01/2014	$	11,575	$	790	$	790

	Total 2014 Mortgage Maturities				2,992,405	$	229,068					$	480,736	$	34,190	$	30,422

Footnotes

(1)	Represents GAAP capitalized costs as of September 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

9/30/2011

	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 9/30/2011 ($000)		GAAP Base Rent as of 9/30/2011 ($000)
Office &	101 East Erie St.	Chicago	IL		230,704	$	29,900		01/2015		03/2014	$	56,548	$	3,089	$	3,742
Multi-Tenant	400 East Stone Ave. (2)	Greenville	SC		128,041	$	9,000		01/2015		12/2029	$	10,623	$	693	$	-
	4201 Marsh Ln.	Carrollton	TX		130,000	$	12,022		01/2015		11/2022	$	22,146	$	1,445	$	1,467
	13775 McLearen Rd.	Herndon	VA		125,293	$	10,359		04/2015		04/2015	$	25,443	$	1,623	$	1,602
	10475 Crosspoint Blvd.	Indianapolis	IN		141,047	$	11,205		05/2015		10/2019	$	22,463	$	1,645	$	1,750
	100, 120, 140 East Shore Dr.	Glen Allen	VA		224,723	$	18,321		05/2015	Various		$	38,003	$	2,089	$	2,103
	1311 Broadfield Blvd.	Houston	TX		155,040	$	14,431		05/2015		03/2021	$	29,917	$	1,928	$	1,967
	1409 Centerpoint Blvd.	Knoxville	TN		84,404	$	6,658		05/2015		10/2014	$	12,604	$	1,260	$	1,216
	2550 Interstate Dr.	Harrisburg	PA		81,859	$	7,792		05/2015		12/2013	$	15,153	$	1,427	$	1,403
	2706 Media Center Dr.	Los Angeles	CA		83,252	$	9,760		05/2015	Various - 2012		$	18,070	$	1,321	$	1,101
	2800 Waterford Lake Dr.	Midlothian	VA		99,057	$	9,055		05/2015		10/2014	$	15,844	$	1,563	$	1,511
	333 Mt. Hope Ave.	Rockaway	NJ		95,500	$	14,900		05/2015		09/2014	$	29,295	$	1,683	$	1,592
	4000 Johns Creek Pkwy.	Suwanee	GA		87,219	$	10,502		05/2015		2011/2012	$	4,175	$	1,502	$	1,399
	4848 129th East Ave. (3)	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	$	1,336	$	1,400
	16676 Northchase Dr.	Houston	TX		101,111	$	11,282		05/2015		07/2014	$	19,267	$	1,241	$	1,220
	4001 International Pkwy.	Carrollton	TX		138,443	$	18,710		07/2015		07/2015	$	30,859	$	2,400	$	2,396
	12645 West Airport Rd.	Sugar Land	TX		165,836	$	6,286		09/2015		09/2015	$	19,436	$	2,091	$	1,457
	10001 Richmond Ave.	Houston	TX		554,385	$	18,161		09/2015		09/2015	$	73,343	$	8,163	$	5,531
Industrial	10000 Business Blvd.	Dry Ridge	KY		336,350	$	4,992		07/2015		06/2025	$	15,227	$	1,009	$	1,009
	301 Bill Bryan Rd.	Hopkinsville	KY		424,904	$	7,817		07/2015		06/2025	$	19,066	$	1,266	$	1,266
	4010 Airpark Dr.	Owensboro	KY		211,598	$	4,406		07/2015		06/2025	$	13,598	$	906	$	906
	730 North Black Branch Rd.	Elizabethtown	KY		167,770	$	2,517		07/2015		06/2025	$	6,055	$	403	$	403
	750 North Black Branch Rd.	Elizabethtown	KY		539,592	$	13,330		07/2015		06/2025	$	32,222	$	2,129	$	2,129

	Total 2015 Mortgage Maturities				4,549,728	$	269,090					$	562,190	$	42,332	$	38,690

Footnotes

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

(2)	Property is classified as a capital lease for GAAP, accordingly $739 of GAAP income is included in non-operating income.

(3)	Property is currently vacant, rent balances are from prior tenant. Debt service payments have been suspended.

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

9/30/2011

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Louisville, CO		$	7,225		5.830	%		01/2012	$	172	$	7,195
Mechanicsburg, PA	(c)		4,550		7.780	%		01/2012		155		4,514
Milford, OH	(b)		13,025		6.612	%		02/2012		694		12,686
Lake Forest, CA			9,753		7.260	%		02/2012		286		9,708
Westlake, TX	(b)		18,003		5.392	%		05/2012		822		17,828
Millington, TN			16,377		5.247	%		05/2012		661		16,222
Cary, NC	(b)		12,610		5.584	%		05/2012		534		12,543
Lakewood, CO			7,981		5.097	%		05/2012		364		7,890
Farmington Hills, MI	(b)		18,105		5.723	%		09/2012		1,333		17,724
Laurens, SC	(b)		14,515		5.911	%		09/2012		1,352		14,022
Temperance, MI	(b)		9,730		5.912	%		09/2012		906		9,400
Baton Rouge, LA	(b)		6,075		5.333	%		10/2012		443		5,943
San Antonio, TX			26,655		6.080	%		10/2012		2,260		26,025
Plymouth, MI	(b)		10,508		5.964	%		12/2012		1,026		10,026
Colorado Springs, CO	(b)		10,565		5.996	%		12/2012		887		10,272
Fort Mill, SC			10,167		6.000	%		01/2013		839		9,904
Centennial, CO	(b)(r)		14,069		5.724	%		02/2013		1,177		13,555
Brea, CA	(b)		74,750		5.734	%		05/2013		5,361		73,071
Atlanta, GA			41,573		5.268	%		05/2013		3,004		40,356
Irving, TX	(b)		37,499		5.452	%		05/2013		2,702		36,466
Houston, TX			16,242		5.218	%		05/2013		1,166		15,737
Southington, CT			12,612		5.018	%		05/2013		890		12,228
Indianapolis, IN			8,858		5.168	%		05/2013		633		8,580
Fort Meyers, FL			8,744		5.268	%		05/2013		592		8,550
Phoenix, AZ			17,342		6.270	%		09/2013		1,527		16,490
Foxboro, MA	(b)		8,559		6.000	%		01/2014		3,270		-
Moody, AL			6,716		4.978	%		01/2014		493		6,350
Clive, IA			5,438		5.139	%		05/2014		387		5,151
Fort Mill, SC			19,154		5.373	%		05/2014		1,364		18,311
Philadelphia, PA	(p)		45,939		5.060	%		07/2014		3,178		43,520
Fishers, IN			11,143		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)		598		7.500	%		09/2014		54		568
Las Vegas, NV	(i)		728		7.500	%		09/2014		66		691
Memphis, TN	(i)		1,071		7.500	%		09/2014		97		1,017
Issaquah, WA	(b)		31,447		5.665	%		12/2014		2,113		30,388
Canonsburg, PA	(b)		9,083		5.426	%		12/2014		489		9,095
Chicago, IL	(b)		29,422		5.639	%		01/2015		1,552		29,900
Greenville, SC			9,000		5.500	%		01/2015		495		9,000
Carrollton, TX			12,995		5.530	%		01/2015		993		12,022
Herndon, VA	(b)		11,192		5.885	%		04/2015		888		10,359
Glen Allen, VA	(b)		19,247		5.377	%		05/2015		1,292		18,321
Houston, TX			15,600		5.160	%		05/2015		1,114		14,431
Rockaway, NJ			14,900		5.292	%		05/2015		802		14,900
Houston, TX			12,189		5.210	%		05/2015		874		11,282
Indianapolis, IN			12,113		5.160	%		05/2015		865		11,205

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

9/30/2011

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
San Antonio, TX			12,026		5.340	%		05/2015		875		11,167
Suwanee, GA			11,124		5.260	%		05/2015		751		10,502
Los Angeles, CA			10,541		5.110	%		05/2015		750		9,760
Richmond, VA			9,771		5.310	%		05/2015		708		9,055
Harrisburg, PA			8,429		5.110	%		05/2015		599		7,792
Knoxville, TN			7,184		5.310	%		05/2015		520		6,658
Tulsa, OK	(s)		7,119		5.060	%		05/2015		499		6,517
Carrollton, TX	(b)		19,700		5.725	%		07/2015		1,382		18,710
Elizabethtown, KY	(j)		14,532		4.990	%		07/2015		1,042		13,330
Hopkinsville, KY			8,521		4.990	%		07/2015		611		7,817
Dry Ridge, KY	(n)		5,442		4.990	%		07/2015		390		4,992
Owensboro, KY	(n)		4,803		4.990	%		07/2015		344		4,406
Elizabethtown, KY	(j)		2,744		4.990	%		07/2015		197		2,517
Houston, TX	(b)		41,545		6.250	%		09/2015		8,159		18,161
Sugar Land, TX	(b)		10,839		6.250	%		09/2015		2,083		6,286
Bridgewater, NJ			14,720		5.732	%		03/2016		1,035		13,825
Omaha, NE			8,302		5.610	%		04/2016		621		7,560
Tempe, AZ			7,841		5.610	%		04/2016		586		7,140
Byhalia, MS			15,000		4.710	%		06/2016		707		15,000
Lisle, IL			10,076		6.500	%		06/2016		793		9,377
Dallas, TX	(b)		18,487		5.939	%		07/2016		1,139		18,363
Rochester, NY	(f)		18,125		6.210	%		08/2016		1,383		16,765
Statesville, NC	(f)		13,594		6.210	%		08/2016		1,037		12,574
Rockford, IL	(f)		6,652		6.210	%		08/2016		508		6,153
Glenwillow, OH			16,396		6.130	%		09/2016		1,240		15,132
Memphis, TN			3,811		5.710	%		01/2017		275		3,484
Orlando, FL			9,975		5.722	%		02/2017		649		9,309
Dubuque, IA			9,966		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)		1,238		7.750	%		07/2018		108		-
Manteca, CA	(b)		875		7.750	%		07/2018		77		-
Watertown, NY	(b)		822		7.750	%		07/2018		72		-
Lewisburg, WV	(b)		578		7.750	%		07/2018		51		-
San Diego, CA	(b)		557		7.750	%		07/2018		49		-
Galesburg, IL	(b)		491		7.750	%		07/2018		43		-
Boston, MA			13,221		6.100	%		12/2018		996		11,520
North Berwick, ME			10,171		3.560	%		04/2019		1,532		-
Overland Park, KS	(b)		36,447		5.891	%		05/2019		2,657		31,867
Kansas City, MO	(b)		17,363		5.883	%		05/2019		1,268		15,182
Streetsboro, OH	(b)		18,793		5.749	%		09/2019		1,344		16,338
Boca Raton, FL			20,400		6.470	%		02/2020		1,390		18,383
Wall, NJ	(b)		25,343		6.250	%		01/2021		3,197		-
Charleston, SC			7,350		5.850	%		02/2021		437		6,632
Whippany, NJ			15,436		6.298	%		11/2021		1,344		10,400
Subtotal/Wtg. Avg./Years Remaining (l)		$	1,345,929		5.718	%		3.5	$	104,285	$	1,209,473

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

9/30/2011

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	%		10.9	$	22,470	$	366,821
Total/Wtg. Avg./Years Remaining (l)		$	1,712,750		5.802	%		5.1	$	126,755	$	1,576,294

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; property held for sale.

(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 January, 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 $1,444 excluded from balance.

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

(m)	Represents full payable of notes, discount of $214 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 $10,336 excluded from balance.

(r)	Maturity date represents lender call date.

(s)	Debt service suspended.

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

9/30/2011

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)
Jayal		$	204	$	61		11.500	%		03/2012	$	212	$	-	$	-
Net Lease Strategic			22,319		3,348		5.147	%		05/2012		840		22,153		3,323
Net Lease Strategic			5,101		765		7.670	%		01/2013		2,817		-		-
Net Lease Strategic			12,518		1,878		5.148	%		05/2013		894		12,144		1,822
Net Lease Strategic			4,687		703		5.950	%		09/2013		381		4,496		674
Net Lease Strategic			19,575		2,936		5.810	%		02/2014		1,551		18,588		2,788
Net Lease Strategic			8,982		1,347		5.616	%		04/2014		697		8,484		1,273
Net Lease Strategic (5)			35,000		5,250		2.470	%		07/2014		877		35,000		5,250
Net Lease Strategic			817		123		8.500	%		04/2015		271		-		-
Net Lease Strategic			16,234		2,435		5.411	%		05/2015		1,189		15,087		2,263
Net Lease Strategic - Oklahoma TIC			14,486		869		5.240	%		05/2015		976		13,673		820
Net Lease Strategic			12,135		1,820		5.212	%		06/2015		836		11,349		1,702
Net Lease Strategic			5,855		878		5.783	%		06/2015		462		5,371		806
Net Lease Strategic			16,044		2,407		8.036	%		09/2015		3,352		6,925		1,039
Net Lease Strategic			4,650		698		8.036	%		09/2015		925		2,203		330
Net Lease Strategic			8,223		1,233		6.090	%		01/2016		668		7,446		1,117
Net Lease Strategic			6,078		912		6.090	%		04/2016		494		5,465		820
Net Lease Strategic			6,261		939		6.315	%		09/2016		497		5,723		858
One Summit			13,423		4,027		9.375	%		10/2016		3,344		-		-
Net Lease Strategic			8,834		1,325		6.063	%		11/2016		683		8,023		1,203
One Summit			8,874		2,662		10.625	%		11/2016		2,239		-		-
Net Lease Strategic			8,532		1,280		5.910	%		10/2018		728		6,624		994
Net Lease Strategic			9,439		1,416		6.010	%		08/2019		753		7,658		1,149
Net Lease Strategic			7,489		1,123		6.507	%		11/2019		563		6,692		1,004
Net Lease Strategic			9,542		1,431		6.270	%		12/2019		774		7,755		1,163
Net Lease Strategic			9,649		1,447		5.930	%		10/2020		750		7,660		1,149
Net Lease Strategic			8,850		1,328		5.460	%		12/2020		741		5,895		884
Net Lease Strategic			9,148		1,372		5.640	%		01/2021		692		7,018		1,053

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

9/30/2011

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			11,220		1,683		5.380	%		08/2025		1,144		362		54
Total/Wtg. Avg. (1)/Years Remaining (2)		$	304,169	$	47,696		6.11	%		4.7	$	30,350	$	231,794	$	33,538

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)	New term loan collateralized by 16 properties. Interest only at LIBOR plus 225 bps, subject to adjustment.

LEXINGTON REALTY TRUST

Partnership Interests

Nine Months Ended September 30, 2011

($000)

Noncontrolling Interest Properties - Partners' Proportionate Share (1)


EBITDA	$	1,851
Interest expense	$	476
Depreciation and amortization	$	1,416
Impairment charges	$	12,495

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


EBITDA	$	21,976
Interest expense	$	2,516

Footnotes

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

LEXINGTON REALTY TRUST

Selected Balance Sheet and Income Statement Account Data

9/30/2011

($000)

Balance Sheet

Other assets	$	52,546

The components of other assets are:

Deposits	$	799
Forward purchase equity commitment		21,970
Investments- capital lease		10,623
Equipment		798
Prepaids		4,885
Other receivables		2,189
Deferred tax asset		673
Deferred lease incentives		9,663
Other		946

Accounts payable and other liabilities	$	55,801

The components of accounts payable and other liabilities are:

Accounts payable and accrued expenses	$	17,537
CIP accruals and other		16,424
Taxes		350
Deferred lease costs		5,853
Subordinated notes		2,279
Deposits		1,318
Escrows		1,320
Sale/leaseback financing obligation		4,750
Transaction costs		532
Guarantee obligation		1,500
Derivative liability		3,938

Income Statement - nine months ended September 30, 2011

Non-cash interest expense, net	$	4,305

LEXINGTON REALTY TRUST

Select Credit Metrics

	9/30/2010	9/30/2011


Company FFO Payout Ratio	41.7%	48.6%

Non-mortgaged Assets	$1.05 billion	$1.14 billion

Debt + Preferred/Gross Assets	53.0%	50.4%

Debt/Gross Assets	45.3%	42.3%

Secured Debt/Gross Assets	38.3%	35.0%

Net Debt/EBITDA	6.2 times	5.8 times

Credit Line Availability (1)	$194.3 million	$295.9 million

Development/Gross Assets	0.5%	0.8%

EBITDA/Revenue	82.2%	77.7%

Fixed Charge Coverage	1.7 times	1.8 times

JV + Advisory Income/Revenues	5.9%	7.9%

Footnotes

(1)	As of 9/30/2011, there were $4.1 million of outstanding letters of credit.

LEXINGTON REALTY TRUST

Revenue Data

9/30/2011

($000)

Base Rent Estimates for Current Assets

Year	Cash (1)		GAAP (1)
2011 - Remainder	$	68,887	$	73,663
2012	$	283,504	$	290,880
2013	$	265,727	$	269,214
2014	$	231,241	$	233,633
2015	$	193,631	$	195,733

Other Revenue Data

Asset Class		GAAP Base Rent as of 9/30/11 (2)	Percentage
Office	$	144,989	65.2	%
Industrial	$	46,930	21.1	%
Retail	$	8,533	3.9	%
ulti-tenant	$	21,794	9.8	%
	$	222,246	100.0	%

Credit Ratings (3)
Investment Grade	$	105,774	47.6	%
Non-Investment Grade	$	35,076	15.8	%
Unrated	$	81,396	36.6	%
	$	222,246	100.0	%

Footnotes

(1)	after 9/30/2011 and (4) excludes properties held for sale as of 9/30/2011.

(2)	9/30/2011.

(3)	are included in unrated.

LEXINGTON REALTY TRUST

Top 20 Markets

9/30/2011

	Core Based Statistical Area (2)	Percent of GAAP Base Rent as of 9/30/11 (1)
1	Dallas-Fort Worth-Arlington, TX		8.0	%
2	Los Angeles-Long Beach-Santa Ana, CA		6.4	%
3	Houston-Sugar Land-Baytown, TX		5.3	%
4	Memphis, TN-MS-AR		4.9	%
5	New York-Northern New Jersey-Long Island, NY-NJ-PA		4.0	%
6	Atlanta-Sandy Springs-Marietta, GA		3.8	%
7	Detroit-Warren-Livonia, MI		3.7	%
8	Kansas City, MO-KS		3.2	%
9	Orlando-Kissimmee, FL		2.7	%
10	Boston-Cambridge-Quincy, MA-NH		2.6	%
11	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2.6	%
12	Indianapolis-Carmel, IN		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	Columbus, OH		1.9	%
18	Washington-Arlington-Alexandria, DC-VA-MD-WV		1.9	%
19	San Antonio, TX		1.8	%
20	Seattle-Tacoma-Bellevue, WA		1.7	%
	Total Top 20 Markets (3)		65.6	%

Footnotes

(1)	Nine months ended 9/30/2011 GAAP base rent recognized for consolidated properties owned as of 9/30/2011.

(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

9/30/2011

Industry Category	Percent of GAAP Base Rent as of 9/30/11 (1)
Finance/Insurance		13.5	%
Automotive		10.0	%
Energy		10.0	%
Technology		9.8	%
Consumer Products		7.2	%
Service		7.0	%
Transportation/Logistics		6.6	%
Healthcare		6.5	%
Food		5.5	%
Construction/Materials		4.2	%
Telecommunications		3.9	%
Media/Advertising		3.7	%
Printing/Production		2.9	%
Aerospace/Defense		2.6	%
Apparel		1.6	%
Retail Department		1.5	%
Real Estate		1.2	%
Education		1.1	%
Retail Specialty		0.6	%
Retail Electronics		0.3	%
Security		0.1	%
Total (2)		100.0	%

Footnotes

(1)	Nine months ended 9/30/2011 GAAP base rent recognized forconsolidated properties owned as of 9/30/2011.

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

LEXINGTON REALTY TRUST

Top 10 Tenants or Guarantors

9/30/2011

Tenants or Guarantors	Number of Leases		Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			GAAP Base Rent as of 9/30/11 ($000) (1)		Percent of GAAP Base Rent as of 9/30/2011 ($000) (1) (2)
Bank of America, National Association		8		691,893		1.9	%	$	7,101		3.2	%
Baker Hughes, Inc.		2		720,221		2.0	%	$	6,988		3.1	%
Dana Holding Corporation and Dana Limited		6		1,902,414		5.3	%	$	6,226		2.8	%
Federal Express Corporation		2		641,286		1.8	%	$	5,562		2.5	%
Swiss Re America Holding Corporation		2		476,123		1.3	%	$	5,102		2.3	%
Morgan, Lewis and Bockius, LLP (3)		1		290,565		0.8	%	$	5,095		2.3	%
CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		3		2,503,916		7.0	%	$	4,928		2.2	%
Wells Fargo Bank, N.A.		2		338,301		0.9	%	$	4,489		2.0	%
International Business Machines Corporation (Internet Security Systems, Inc.)		2		289,000		0.8	%	$	4,433		2.0	%
JPMorgan Chase Bank, National Association		3		430,375		1.2	%	$	4,051		1.8	%
		31		8,284,094		23.0	%	$	53,975		24.3	%

Footnotes

(1)	Nine months ended 9/30/2011 GAAP base rent recognized for consolidated properties owned as of 9/30/2011.

(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

BNY Mellon Shareowner Services

480 Washington Blvd.

Jersey City NJ 07310-1900

(800) 850-3948

www.bnymellon.com/shareowner/isd

Investor Relations

Patrick Carroll

Executive Vice President and Chief Financial Officer

Telephone (direct)	(212) 692-7215
Facsimile (main)	(212) 594-6600
E-mail	pcarroll@lxp.com

Research Coverage

Bank of America/Merrill Lynch
James Feldman	(646) 855-5808

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

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

		Stifel Nicolaus
J.P. Morgan Chase		John W. Guinee	(443) 224-1307
Anthony Paolone	(212) 622-6682
		Wells Fargo Securities, LLC
		Todd J. Stender	(212) 214-8067
Keefe, Bruyette & Woods
Sheila K. McGrath	(212) 887-7793

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LEXINGTON REALTY TRUST Reports