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

Attached files

file	filename
8-K - CURRENT REPORT - LEXINGTON REALTY TRUST	v351967_8-k.htm
EX-99.2 - EXHIBIT 99.2 - LEXINGTON REALTY TRUST	v351967_ex99-2.htm

Exhibit 99.1

Quarterly Earnings and

Supplemental Operating and Financial Data

June 30, 2013

LEXINGTON REALTY TRUST

SUPPLEMENTAL REPORTING PACKAGE

June 30, 2013

Table of Contents

Section		Page

Second Quarter 2013 Earnings Press Release		3

Portfolio Data
2013 Second Quarter Leasing Summary		12
2013 Second Quarter Investment/Capital Recycling Summary		14
Build-To-Suit Projects/Forward Commitments		15
Property Leases and Vacancies – Consolidated Portfolio		16
Lease Rollover Schedule – Cash Basis		22
Lease Rollover Schedule – GAAP Basis		23
Mortgage Loans Receivable		25
2013 Second Quarter Financing Summary		26
Debt Maturity Schedule		27
2013 Mortgage Maturities by Property Type		28
2014 Mortgage Maturities by Property Type		29
2015 Mortgage Maturities by Property Type		30
2016 Mortgage Maturities by Property Type		31
2017 Mortgage Maturities by Property Type		32
Mortgages and Notes Payable		33
Partnership Interests		36
Selected Balance Sheet and Income Statement Account Data		37
Select Credit Metrics		38
Historical Credit Metrics Summary		39
Other Data		40
Top 20 Markets		41
Tenant Industry Diversification		42
Top 10 Tenants or Guarantors		43

Investor Information		44

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 the control of Lexington Realty Trust “Lexington”, 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, (2) Lexington’s ability to achieve its estimate of Company FFO, as adjusted, for the year ending December 31, 2013, (3) the successful consummation of any lease, acquisition, build-to-suit, or other transaction, (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 any new legislation, (6) competition, (7) increases in real estate construction costs, (8) changes in interest rates, (9) changes in accessibility of debt and equity capital markets, and (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,” may,” “plans,” “predicts,” “will,” “will likely result,” “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

Wednesday, August 7, 2013

LEXINGTON REALTY TRUST REPORTS SECOND QUARTER 2013 RESULTS

New York, NY - August 7, 2013 - Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the second quarter ended June 30, 2013.

Second Quarter 2013 Highlights

Generated Company Funds From Operations, as adjusted (“Company FFO, as adjusted”), of $56.4 million, or $0.25 per diluted common share.

Executed 2.1 million square feet of new and extended leases, raising overall portfolio occupancy to 97.9%, and 2.5 million square feet of new and extended leases subsequent to quarter end.

Issued $250.0 million of 4.25% 10-year Senior Notes, which are unsecured and rated investment-grade by Moody’s Investors Service, Inc. and Standard & Poor’s Rating Services.

Swapped the LIBOR component on $64.0 million of five-year unsecured term loan borrowings at 0.73% for a current fixed interest rate of 2.08%.

Increased revolving credit facility availability from $300.0 million to $400.0 million.

Redeemed, at par, all $155.0 million of outstanding shares of 7.55% Series D Cumulative Redeemable Preferred Stock.

Retired $219.4 million of secured debt, which had a weighted-average fixed interest rate of 6.1%.

Closed property acquisitions of $47.1 million, invested $7.7 million in current build-to-suit projects and entered into two agreements to fund new build-to-suit projects for an aggregate commitment of $37.0 million.

Produced $46.6 million of gross proceeds from dispositions.

T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, “We have made great progress addressing lease rollover, completing 4.6 million square feet of new and extended leases including 43% of our square footage subject to leases expiring in 2014 and 2015 since the beginning of the second quarter and through today. As a result, the weighted-average lease term of our portfolio is 7.7 years, an increase of 18% compared to June 30, 2012, with approximately 30% of our revenue coming from leases ten years or longer, providing the Company with a more stable base of long-term cash flow. In addition, we continued to lower our cost of capital with the completion of our first investment-grade rated notes offering, utilizing the proceeds primarily to retire expensive short-term secured debt”.

FINANCIAL RESULTS

Revenues

For the quarter ended June 30, 2013, total gross revenues were $99.4 million, compared with total gross revenues of $80.8 million for the quarter ended June 30, 2012. The increase is primarily due to property acquisitions.

Company FFO, As Adjusted

For the quarter ended June 30, 2013, Lexington generated Company FFO, as adjusted, of $56.4 million, or $0.25 per diluted share, compared to Company FFO, as adjusted, for the quarter ended June 30, 2012 of $44.2 million, or $0.24 per diluted share. The calculation of Company FFO, as adjusted, and a reconciliation to net income attributable to Lexington Realty Trust shareholders is included later in this press release.

Net Loss Attributable to Common Shareholders

For the quarter ended June 30, 2013, net loss attributable to common shareholders was $(0.8) million, or a loss of $(0.00) per diluted share, compared with net loss attributable to common shareholders for the quarter ended June 30, 2012 of $(3.4) million, or a loss of $(0.02) per diluted share.

Common Share/Unit Dividend/Distribution

Lexington declared a regular quarterly common share/unit dividend/distribution for the quarter ended June 30, 2013 of $0.15 per common share/unit, which was paid on July 15, 2013 to common shareholders/unitholders of record as of June 28, 2013.

OPERATING ACTIVITIES

Leasing

During the second quarter of 2013, Lexington executed 24 new and extended leases for 2.1 million square feet and ended the quarter with overall portfolio occupancy of 97.9%.

Subsequent to quarter end, Lexington executed 2.5 million square feet of new and extended leases.

Capital Recycling

Dispositions

During the second quarter of 2013, Lexington disposed of its interests in (1) three properties, (2) the retail parcel and parking facility at a property and (3) a land parcel to unrelated third parties for a gross sales price of $46.6 million. Lexington also conveyed two properties in full satisfaction of the aggregate $26.2 million outstanding non-recourse mortgage loans.

Investment Activity

Build-to-Suit Projects

Lexington completed the 167,000 square foot build-to-suit office property in Denver, Colorado for a capitalized cost of $38.4 million (8.8% initial cap rate). The property is net leased for a 15-year term. In addition, Lexington completed the 42,000 square foot build-to-suit retail property in Tuscaloosa, Alabama for a capitalized cost of $8.7 million (9.4% initial cap rate). The property is net leased for a 15-year term.

Lexington entered into a $29.6 million (7.3% initial cap rate) build-to-suit lease commitment to construct an 180,000 square foot industrial property in Las Vegas, Nevada. Upon completion of construction, a net lease for a 20-year term will commence.

In June 2013, Lexington acquired a 4.42 acre-site in Albany, Georgia and entered into a 15-year net-lease. Lexington will fund the construction of a 46,000 square foot retail property for a maximum price of $7.5 million (9.0% initial cap rate) and the lease will commence upon its completion.

In addition, Lexington continues to fund the construction of, and/or is under contract to acquire, the previously announced build-to-suit projects in (1) Rantoul, Illinois (8.0% initial cap rate) and (2) Bingen, Washington (10.7% initial cap rate). The aggregate estimated cost of these four build-to-suit projects is approximately $98.5 million of which $25.2 million was invested as of June 30, 2013. In addition, Lexington is committed to acquire upon its completion a property in Omaha, Nebraska for $39.1 million (7.1% initial cap rate). Lexington can give no assurance that any of the build-to-suit projects or other potential investments that are under commitment or contract or in process will be completed.

Subsequent to June 30, 2013, Lexington acquired the remaining interest in its Long Island City, New York property that it did not already own for $8.7 million.

CAPITAL MARKETS

Capital Activities and Balance Sheet Update

During the second quarter of 2013, Lexington repaid $193.2 million of secured debt which had a weighted-average interest rate of 6.0% and was scheduled to mature through 2014. In connection with the repayments, Lexington incurred $11.8 million in yield maintenance costs.

In addition, Lexington redeemed, at par, all $155.0 million of outstanding shares of its 7.55% Series D Cumulative Redeemable Preferred Stock.

Lexington issued $250.0 million aggregate principal amount of 4.25% Senior Notes due in 2023 at 99.026% of the principal amount. The notes are unsecured and rated Baa2 and BBB- by Moody’s Investors Service, Inc. and Standard & Poor’s Rating Services, respectively. In addition, the spreads to LIBOR on Lexington’s unsecured revolving credit facility and unsecured term loans were reduced as a result of obtaining the ratings.

Lexington borrowed $64.0 million on its five-year unsecured term loan and swapped the LIBOR component of the term loan for a current fixed interest rate of 2.08%.

Lexington exercised an accordion feature within the unsecured revolving credit facility to increase the availability from $300.0 million to $400.0 million. No amounts were outstanding as of June 30, 2013.

Subsequent to quarter end, Lexington converted approximately $12.2 million original principal amount of 6.00% Convertible Guaranteed Notes due 2030 for 1,777,562 common shares and a cash payment of $0.6 million.

2013 EARNINGS GUIDANCE

Lexington confirms its estimate of Company FFO, as adjusted, within an expected range of $1.01 to $1.04 per diluted share for the year ended December 31, 2013. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

SECOND QUARTER 2013 CONFERENCE CALL

Lexington will host a conference call today, Wednesday, August 7, 2013, at 11:00 a.m. Eastern Time, to discuss its results for the quarter ended June 30, 2013. Interested parties may participate in this conference call by dialing (888) 740-6142 or (913) 312-1503. A replay of the call will be available through August 21, 2013, at (877) 870-5176 or (858) 384-5517, pin: 1128163. 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 self-managed and self-administered real estate investment trust that invests in, owns, finances and manages predominantly single-tenant office, industrial and retail properties leased to major corporations throughout the United States and provides investment advisory and asset management services to investors in the single-tenant area. Lexington common 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, (2) Lexington's ability to achieve its estimate of Company FFO, as adjusted, for the year ending December 31, 2013, (3) the successful consummation of any lease, acquisition, build-to-suit or other transaction, (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 any legislation, (6) competition, (7) increases in real estate construction costs, (8) changes in interest rates, (9) changes in accessibility of debt and equity capital markets, and (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”, “may,” “plans,” “predicts,” “will,” “will likely result,” “is optimistic” or similar expressions. Except as required by law, 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, some of which are consolidated for financial statement purposes and/or disregarded for income tax purposes.

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Gross revenues:
Rental	$	91,251		$	72,914		$	178,749		$	142,857
Advisory and incentive fees		154			765			328			1,088
Tenant reimbursements		8,008			7,150			15,866			14,300
Total gross revenues		99,413			80,829			194,943			158,245

Expense applicable to revenues:
Depreciation and amortization		(45,098	)		(37,339	)		(89,580	)		(74,084	)
Property operating		(15,924	)		(13,962	)		(31,533	)		(27,313	)
General and administrative		(6,596	)		(6,189	)		(13,759	)		(11,559	)
Non-operating income		1,470			1,626			3,431			4,245
Interest and amortization expense		(22,662	)		(23,469	)		(46,267	)		(47,261	)
Debt satisfaction charges, net		(11,726	)		(2	)		(22,722	)		(1,651	)
Litigation reserve		—			(2,800	)		—			(2,800	)
Impairment charges		—			—			(2,413	)		—
Loss before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations		(1,123	)		(1,306	)		(7,900	)		(2,178	)
Provision for income taxes		(160	)		(324	)		(561	)		(505	)
Equity in earnings of non-consolidated entities		204			10,277			339			17,670
Income (loss) from continuing operations		(1,079	)		8,647			(8,122	)		14,987

Discontinued operations:
Income (loss) from discontinued operations		(47	)		(2,557	)		1,672			(2,581	)
Provision for income taxes		(1,158	)		(6	)		(1,162	)		(11	)
Debt satisfaction gains (charges), net		(1,299	)		—			9,250			1,728
Gains on sales of properties		12,806			2,671			12,806			2,671
Impairment charges		(1,391	)		(3,129	)		(8,735	)		(5,690	)
Total discontinued operations		8,911			(3,021	)		13,831			(3,883	)
Net income		7,832			5,626			5,709			11,104
Less net income attributable to noncontrolling interests		(1,100	)		(1,116	)		(1,597	)		(2,983	)
Net income attributable to Lexington Realty Trust shareholders		6,732			4,510			4,112			8,121
Dividends attributable to preferred shares - Series B		—			(919	)		—			(2,298	)
Dividends attributable to preferred shares - Series C		(1,573	)		(1,573	)		(3,145	)		(3,145	)
Dividends attributable to preferred shares - Series D		(617	)		(2,925	)		(3,543	)		(5,851	)
Allocation to participating securities		(161	)		(139	)		(338	)		(289	)
Deemed dividend - Series B		—			(2,346	)		—			(2,346	)
Redemption discount - Series C		—			—			—			229
Deemed dividend - Series D		(5,230	)		—			(5,230	)		—
Net loss attributable to common shareholders	$	(849	)	$	(3,392	)	$	(8,144	)	$	(5,579	)

Income (loss) per common share - basic:
Income (loss) from continuing operations	$	(0.04	)	$	—		$	(0.11	)	$	—
Income (loss) from discontinued operations		0.04			(0.02	)		0.07			(0.04	)
Net loss attributable to common shareholders	$	—		$	(0.02	)	$	(0.04	)	$	(0.04	)

Weighted-average common shares outstanding - basic:		211,619,288			154,558,380			200,487,623			154,353,707

Income (loss) per common share - diluted:
Income (loss) from continuing operations	$	(0.04	)	$	—		$	(0.11	)	$	—
Income (loss) from discontinued operations		0.04			(0.02	)		0.07			(0.04	)
Net loss attributable to common shareholders	$	—		$	(0.02	)	$	(0.04	)	$	(0.04	)

Weighted-average common shares outstanding - diluted		211,619,288			154,797,485			200,487,623			154,353,707

Amounts attributable to common shareholders:
Income (loss) from continuing operations	$	(9,259	)	$	222		$	(21,484	)	$	(78	)
Income (loss) from discontinued operations		8,410			(3,614	)		13,340			(5,501	)
Net loss attributable to common shareholders	$	(849	)	$	(3,392	)	$	(8,144	)	$	(5,579	)

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30, 2013 (unaudited) and December 31, 2012

(In thousands, except share and per share data)

	2013			2012
Assets:
Real estate, at cost	$	3,616,618		$	3,564,466
Real estate - intangible assets		694,557			685,914
Investments in real estate under construction		23,099			65,122
		4,334,274			4,315,502
Less: accumulated depreciation and amortization		1,197,732			1,150,417
		3,136,542			3,165,085
Cash and cash equivalents		74,278			34,024
Restricted cash		20,521			26,741
Investment in and advances to non-consolidated entities		11,224			27,129
Deferred expenses, net		63,679			57,549
Loans receivable, net		88,994			72,540
Rent receivable - current		8,505			7,355
Rent receivable - deferred		1,965			—
Other assets		38,566			27,780
Total assets	$	3,444,274		$	3,418,203

Liabilities and Equity:
Liabilities:
Mortgages and notes payable	$	1,043,934		$	1,415,961
Term loans payable		319,000			255,000
Senior notes payable		247,585			—
Convertible notes payable		38,666			78,127
Trust preferred securities		129,120			129,120
Dividends payable		33,990			31,351
Accounts payable and other liabilities		56,891			70,367
Accrued interest payable		9,942			11,980
Deferred revenue - including below market leases, net		71,205			79,908
Prepaid rent		18,394			13,224
Total liabilities		1,968,727			2,085,038

Commitments and contingencies

Equity:
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares,
Series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding		94,016			94,016
Series D Cumulative Redeemable Preferred, liquidation preference $155,000; 6,200,000 shares issued and outstanding in 2012		—			149,774
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 214,234,685 and 178,616,664 shares issued and outstanding in 2013 and 2012, respectively		21			18
Additional paid-in-capital		2,568,198			2,212,949
Accumulated distributions in excess of net income		(1,215,793	)		(1,143,803	)
Accumulated other comprehensive income (loss)		3,912			(6,224	)
Total shareholders' equity		1,450,354			1,306,730
Noncontrolling interests		25,193			26,435
Total equity		1,475,547			1,333,165
Total liabilities and equity	$	3,444,274		$	3,418,203

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

EARNINGS PER SHARE

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
EARNINGS PER SHARE:

Basic:
Income (loss) from continuing operations attributable to common shareholders	$	(9,259	)	$	222		$	(21,484	)	$	(78	)
Income (loss) from discontinued operations attributable to common shareholders		8,410			(3,614	)		13,340			(5,501	)
Net loss attributable to common shareholders	$	(849	)	$	(3,392	)	$	(8,144	)	$	(5,579	)

Weighted-average number of common shares outstanding		211,619,288			154,558,380			200,487,623			154,353,707

Income (loss) per common share:
Income (loss) from continuing operations	$	(0.04	)	$	—		$	(0.11	)	$	—
Income (loss) from discontinued operations		0.04			(0.02	)		0.07			(0.04	)
Net loss attributable to common shareholders	$	—		$	(0.02	)	$	(0.04	)	$	(0.04	)

Diluted:
Income (loss) from continuing operations attributable to common shareholders	$	(9,259	)	$	222		$	(21,484	)	$	(78	)
Impact of assumed conversions:
Share options		—			—			—			—
Income (loss) from continuing operations attributable to common shareholders		(9,259	)		222			(21,484	)		(78	)
Income (loss) from discontinued operations attributable to common shareholders		8,410			(3,614	)		13,340			(5,501	)
Net loss attributable to common shareholders	$	(849	)	$	(3,392	)	$	(8,144	)	$	(5,579	)

Weighted-average common shares outstanding - basic		211,619,288			154,558,380			200,487,623			154,353,707
Effect of dilutive securities:
Share options		—			239,105			—			—
Weighted-average common shares outstanding		211,619,288			154,797,485			200,487,623			154,353,707

Income (loss) per common share:
Income (loss) from continuing operations	$	(0.04	)	$	—		$	(0.11	)	$	—
Income (loss) from discontinued operations		0.04			(0.02	)		0.07			(0.04	)
Net loss attributable to common shareholders	$	—		$	(0.02	)	$	(0.04	)	$	(0.04	)

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

REPORTED COMPANY FUNDS FROM OPERATIONS & FUNDS AVAILABLE FOR DISTRIBUTION

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
FUNDS FROM OPERATIONS: ⁽¹⁾
Basic and Diluted:
Net income attributable to Lexington Realty Trust shareholders	$	6,732		$	4,510		$	4,112		$	8,121
Adjustments:
Depreciation and amortization		44,160			41,318			88,116			79,619
Impairment charges - real estate		1,391			3,129			11,148			5,690
Noncontrolling interests - OP units		837			78			1,084			438
Amortization of leasing commissions		1,351			1,211			2,679			2,298
Joint venture and noncontrolling interest adjustment		545			2,047			1,121			926
Preferred dividends - Series B & D		(617	)		(3,844	)		(3,543	)		(8,149	)
Gains on sales of properties, net of tax		(11,881	)		(2,671	)		(11,881	)		(2,671	)
Gain on sale - joint venture investment		—			(7,000	)		—			(7,000	)
Interest and amortization on 6.00% Convertible Guaranteed Notes		828			2,326			1,892			4,653
Reported Company FFO		43,346			41,104			94,728			83,925
Debt satisfaction charges (gains), net		13,025			2			13,472			(77	)
Litigation reserve		—			2,800			—			2,800
Other		76			332			195			322
Company FFO, as adjusted		56,447			44,238			108,395			86,970

FUNDS AVAILABLE FOR DISTRIBUTION: ⁽²⁾
Adjustments:
Straight-line rents		(9,143	)		(5,408	)		(2,920	)		4,069
Lease incentives		374			293			630			830
Amortization of below/above market leases		(218	)		(1,394	)		(170	)		(2,695	)
Non-cash interest, net		(32	)		(182	)		(347	)		(856	)
Non-cash charges, net		2,011			1,177			3,592			2,358
Tenant improvements		(13,475	)		(3,690	)		(28,149	)		(5,800	)
Lease costs		(2,125	)		(987	)		(4,919	)		(3,631	)
Reported Company Funds Available for Distribution	$	33,839		$	34,047		$	76,112		$	81,245

Per Share Amounts
Basic:
Reported Company FFO	$	0.19		$	0.23		$	0.44		$	0.47
Company FFO, as adjusted	$	0.25		$	0.25		$	0.50		$	0.48
Company FAD	$	0.15		$	0.19		$	0.35		$	0.45

Diluted:
Reported Company FFO	$	0.19		$	0.23		$	0.44		$	0.47
Company FFO, as adjusted	$	0.25		$	0.24		$	0.50		$	0.48
Company FAD	$	0.15		$	0.19		$	0.35		$	0.45

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

REPORTED COMPANY FUNDS FROM OPERATIONS & FUNDS AVAILABLE FOR DISTRIBUTION (CONTINUED)

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Basic:

Weighted-average common shares outstanding - EPS basic		211,619,288		154,558,380		200,487,623		154,353,707
6.00% Convertible Guaranteed Notes		5,937,510		16,409,546		6,712,713		16,409,546
Non-vested share-based payment awards		564,540		199,202		496,692		201,099
Operating Partnership Units		4,167,712		4,505,457		4,193,121		4,519,416
Preferred Shares - Series C		4,710,570		4,710,570		4,710,570		4,714,293

Weighted-average common shares outstanding - basic		226,999,620		180,383,155		216,600,719		180,198,061

Diluted:

Weighted-average common shares outstanding - basic		226,999,620		180,383,155		216,600,719		180,198,061
Options - Incremental shares		802,777		239,105		935,331		243,659

Weighted-average common shares outstanding - diluted		227,802,397		180,622,260		217,536,050		180,441,720

¹ Lexington believes that Funds from Operations (“FFO”), which is not a measure under generally accepted accounting principles (“GAAP”) is a widely recognized and appropriate measure of the performance of an equity REIT. 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 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.

The National Association of Real Estate Investment Trusts, Inc. (“NAREIT”) defines FFO 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.” NAREIT clarified its computation of FFO to exclude impairment charges on depreciable real estate owned directly or indirectly. FFO does not represent cash generated from operating activities in accordance with GAAP and is not indicative of cash available to fund cash needs.

Lexington presents “Reported Company funds from operations” or “Reported Company FFO,” which differs from FFO because it includes Lexington's operating partnership units, Lexington's 6.50% Series C Cumulative Convertible Preferred Shares, and Lexington's 6.00% Convertible Guaranteed Notes due 2030 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 Reported 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. Lexington also presents “Company funds from operations, as adjusted” or “Company FFO, as adjusted,” which adjusts Reported Company FFO for certain items which Management believes are not indicative of the operating results of its real estate portfolio. Management believes this is an appropriate presentation as it is frequently requested by security analysts, investors and other interested parties. Since others do not calculate funds from operations in a similar fashion, Reported Company FFO and Company FFO, as adjusted, may not be comparable to similarly titled measures as reported by others. Reported Company FFO and Company FFO, as adjusted, 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.

²Reported Company Funds Available for Distribution ("FAD") is calculated by making adjustments to Company FFO, as adjusted, for (1) straight-line rent revenue, (2) lease incentive amortization, (3) amortization of above/below market leases, (4) cash paid for tenant improvements, (5) cash paid for lease costs, (6) non-cash interest, net and (7) non-cash charges, net. Although FAD may not be comparable to that of other REITs, Lexington believes it provides a meaningful indication of its ability to fund cash needs. FAD is a non-GAAP financial measure and should not be viewed as an alternative measurement of operating performance to net income, as an alternative to net cash flows from operating activities or as a measure of liquidity.

# # #

LEXINGTON REALTY TRUST

2013 Second Quarter Leasing Summary

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			2013 Extensions
1-5	Various	Chicago/Honolulu	IL/HI	MTM/2013	2014-2015		3,457	$	75	$	79	$	75	$	79
6	Woodlands Internists, Inc.	The Woodlands	TX	MTM	05/2016		8,102	$	176	$	176	$	176	$	176
7	JPMorgan Chase Bank, National Association	Florence	SC	10/2013	10/2014		86,403	$	993	$	614	$	993	$	614
8	AT&T Services, Inc.	Harrisburg	PA	12/2013	12/2018		61,766	$	1,143	$	1,344	$	1,265	$	1,310
				2014 Extensions
9	James J. Benes & Associates, Inc.	Lisle	IL	01/2014	12/2019		6,347	$	71	$	141	$	97	$	107
10	Wells Fargo Bank, N.A. (2)	Fort Mill	SC	05/2014	05/2024		169,218	$	1,785	$	2,890	$	2,026	$	2,556
11	Wells Fargo Bank, N.A. (2)	Fort Mill	SC	05/2014	05/2024		169,083	$	1,783	$	2,140	$	1,950	$	1,864
12	Invensys Systems, Inc. (Siebe, Inc.) (3)	Foxboro	MA	06/2014	06/2024		251,924	$	2,469	$	3,308	$	2,009	$	2,506
13	Alstom Power, Inc.	Knoxville	TN	10/2014	10/2024		84,404	$	1,646	$	1,836	$	1,798	$	1,621
				2015 Extension
14	Orange Business Services U.S., Inc. (Equant N.V.)	Herndon	VA	04/2015	07/2020		132,617	$	1,615	$	2,225	$	1,526	$	2,063
				2019 Extension
15	Bank of America, National Association	Brea	CA	06/2019	07/2023		637,503	$	9,410	$	9,135	$	8,978	$	8,414
.
15	Total office/multi-tenant lease extensions						1,610,824	$	21,166	$	23,888	$	20,893	$	21,310

	Industrial			2013 Extension
1	Staples, Inc. / Corporate Express, Inc.	Henderson	NC	12/2013	06/2016		196,946	$	788	$	876	$	812	$	811
				2014 Extension
2	Pierce Packaging Co.	Rockford	IL	12/2014	12/2016		90,000	$	302	$	404	$	302	$	314

2	Total industrial lease extension						286,946	$	1,090	$	1,280	$	1,114	$	1,125

17	TOTAL EXTENDED LEASES						1,897,770	$	22,256	$	25,168	$	22,007	$	22,435

NEW LEASES

	Tenants	Location		Lease Expiration Date	Sq. Ft.		New Cash Rent Per Annum ($000)(1)		New GAAP Rent Per Annum ($000)(1)
	Office/Multi-Tenant
1-2	Various	Honolulu/Glen Allen	HI/VA	2014/2020		977	$	18	$	18
3	Caliber Funding, LLC	Florence	SC	06/2018		37,381	$	469	$	691
4	FTJ FundChoice, LLC	Hebron	KY	08/2020		3,818	$	26	$	26
5	ALTA Resources Corp.	Fort Myers	FL	06/2023		63,261	$	886	$	969
6	Orlando/Orange County Convention & Visitor Bureau, Inc.	Orlando	FL	09/2024		44,752	$	317	$	959

6	Total office/multi-tenant new lease					150,189	$	1,716	$	2,663
	Industrial
1	Autocam Corporation	Marshall	MI	12/2023		58,707	$	98	$	98

1	Total industrial new leases					58,707	$	98	$	98


7	TOTAL NEW LEASES					208,896	$	1,814	$	2,761

24	TOTAL NEW AND EXTENDED LEASES					2,106,666	$	24,070	$	24,768

LEXINGTON REALTY TRUST

2013 Second Quarter Leasing Summary (Continued)

LEASE NON-RENEWALS

	Tenants (Guarantors)	Location		Lease Expiration Date	Sq. Ft.		Annual 2012 Cash Rent ($000)		Annual 2012 GAAP Rent ($000)
	Office
1	International Business Machines Corporation /Internet Security Systems, Inc. (ISS Group, Inc.)	Atlanta	GA	05/2013		34,400	$	888	$	703
2	JPMorgan Chase Bank, National Association	Florence	SC	10/2013		52,773	$	375	$	375

2	TOTAL LEASE NON-RENEWALS					87,173	$	1,263	$	1,078

Footnotes

(1)

Assumes twelve months rent from the later of 7/1/13 or lease commencement/extension.

(2)

Extension lease is triple net rent while prior lease was not; accordingly, prior rent amounts are adjusted for operating expenses.

(3)

Fully amortizing mortgage with $2.8 million of annual debt service matured January 2013.

LEXINGTON REALTY TRUST

2013 Second Quarter Investment/Capital Recycling Summary

PROPERTY INVESTMENTS

	Tenants	Location		Property Type	Initial Basis ($000)		Initial Annualized Cash Rent ($000)		Initial Cash Yield			GAAP Yield			Lease Expiration
1	Gander Mountain Company (1)	Tuscaloosa	AL	Retail	$	8,720	$	818		9.4	%		10.3	%	05/2028
2	Trizetto Corporation (1)	Englewood	CO	Office	$	38,372	$	3,362		8.8	%		10.0	%	04/2028

2	TOTAL PROPERTY INVESTMENTS				$	47,092	$	4,180		8.9	%		10.1	%

CAPITAL RECYCLING

PROPERTY DISPOSITIONS (5)

	Tenants	Location		Property Type	Gross Sale Price ($000)		Annualized NOI ($000)			Month of Disposition
1	Vacant (2)	Honolulu	HI	Retail	$	25,900	$	504			April
2	Gander Mountain Company	Valdosta	GA	Retail	$	9,515	$	770			June
3	Gander Mountain Company	Opelika	AL	Retail	$	9,328	$	722			June
4	Panasonic Automotive Systems Company of America, a Division of Panasonic Corporation of North America / Vacant (3)	Farmington Hills	MI	Office	$	17,542	$	705			June
5	Brookshire Grocery Company / Safeway, Inc.	Greenville	TX	Retail	$	1,700	$	169			June
6	Allstate Insurance Company / Vacant (4)	Indianapolis	IN	Office	$	8,686	$	(62	)		June

6	TOTAL PROPERTY DISPOSITIONS				$	72,671	$	2,808

Footnotes

(1)

Completed build-to-suit project.

(2)

Retail store formerly leased to Macy's West Stores, Inc. and adjoining parking garage. NOI reflects parking garage only.

(3)

Property was conveyed to fully satisfy a $17.5 million non-recourse mortgage.

(4)

Property was conveyed to fully satisfy an $8.7 million non-recourse mortgage.

(5)

Lexington also sold a land parcel for $123 thousand.

LEXINGTON REALTY TRUST

BUILD-TO-SUIT PROJECTS / FORWARD COMMITMENTS

6/30/2013

BUILD-TO-SUIT PROJECTED FUNDING SCHEDULE

	Location		Sq. Ft		Lease Term (Years)		Maximum Commitment/Estimated Completion Cost ($000)		Investment balance as of 6/30/13 ($000)(1)		Estimated Cash Investment Next 12 Months ($000)								Estimated Completion Date
											Q3 2013		Q4 2013		Q1 2014		Q2 2014
1	Rantoul	IL		813,000		20	$	42,587	$	20,601	$	12,890	$	8,590	$	-	$	-	4Q 13
2	Bingen	WA		124,000		12	$	18,898	$	760	$	4,947	$	4,947	$	4,947	$	3,297	2Q 14
3	Albany	GA		46,000		15	$	7,460	$	1,738	$	4,216	$	1,440	$	-	$	-	4Q 13
4	Las Vegas	NV		180,000		20	$	29,585	$	1,191	$	6,991	$	6,991	$	6,991	$	6,991	3Q 14

4	TOTAL BUILD-TO-SUIT PROJECTS						$	98,530	$	24,290	$	29,044	$	21,968	$	11,938	$	10,288

FORWARD COMMITMENTS

	Tenants	Location	Property Type	Estimated Acquisition Cost ($000)		Estimated Completion Date	Estimated Initial Cash Yield			Estimated GAAP Yield			Lease Term
1	The Gavilion Group LLC	Omaha NE	Office	$	39,125	4Q 13		7.1	%		8.5	%	20 yrs

1	TOTAL FORWARD COMMITMENT			$	39,125			7.1	%		8.5	%

Footnotes

(1)

Investment balance in accordance with GAAP included in investment in real estate under construction; with the exception of the Las Vegas investment, which is included in other assets. Aggregate equity invested is $25,186.

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2013

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 6/30/2013 ($000) (2)		GAAP Base Rent as of 6/30/2013 ($000) (3)
OFFICE PROPERTIES
	2013	MTM	810 Gears Rd.	Houston	TX		—	Ricoh Americas Corporation	2000		2,460		16		16
		10/31/2013	3943 Denny Ave.	Pascagoula	MS		—	Northrop Grumman Systems Corporation	1995		94,841		319		319
		11/30/2013	1110 Bayfield Dr.	Colorado Springs	CO		—	Honeywell International Inc.	1980/1990/2002		166,575		815		800
			200 Lucent Ln.	Cary	NC		—	Progress Energy Service Company, LLC	1999		124,944		1,225		1,121
		12/31/2013	2550 Interstate Dr.	Harrisburg	PA		—	AT&T Services, Inc.	1998		27,584		300		283
			3165 McKelvey Rd.	Bridgeton	MO		—	BJC Health System	1981		52,994		198		231
	2014	1/31/2014	1401 & 1501 Nolan Ryan Pkwy.	Arlington	TX		—	Siemens Dematic Postal Automation L.P. / Siemens Energy & Automation, Inc. / Siemens Shared Services, LLC	2003		236,547		1,362		1,362
		3/15/2014	101 East Erie St.	Chicago	IL		—	Draftfcb, Inc. (Interpublic Group of Companies, Inc.)	1986		212,988		2,075		2,510
		4/30/2014	4400 Northcorp Pkwy.	Palm Beach Gardens	FL		—	Office Suites Plus Properties, Inc.	1996		18,400		138		39
		7/31/2014	16676 Northchase Dr.	Houston	TX		—	Kerr-McGee Oil & Gas Corporation (Kerr-McGee Corporation)	2003		101,111		845		814
		9/30/2014	333 Mt. Hope Ave.	Rockaway	NJ		—	BASF Corporation	1981/2002/2004		95,500		1,122		1,061
		10/31/2014	700 US Hwy. Route 202-206	Bridgewater	NJ		—	Biovail Pharmaceuticals, Inc. (Valeant Pharmaceuticals International, Inc.)	1985/2003/2004		115,558		1,017		1,285
		11/30/2014	850-950 Warrenville Rd.	Lisle	IL		—	Flexco, Inc.	1984		7,535		70		70
		12/14/2014	22011 Southeast 51st St.	Issaquah	WA		—	Spacelabs Medical, Inc. / OSI Systems, Inc. (Instrumentarium Corporation)	1987		95,600		1,084		981
			5150 220th Ave.	Issaquah	WA		—	Spacelabs Medical, Inc. / OSI Systems, Inc. (Instrumentarium Corporation)	1992		106,944		1,206		1,111
		12/31/2014	1066 Main St.	Forest Park	GA		—	Bank of America, NA (Bank of America Corporation)	1969		14,859		100		100
			1698 Mountain Industrial Blvd.	Stone Mountain	GA		—	Bank of America, NA (Bank of America Corporation)	1973		5,704		48		48
			180 South Clinton St.	Rochester	NY		—	Frontier Corporation	1988/2000		226,000		1,505		1,502
			201 West Main St.	Cumming	GA		—	Bank of America, NA (Bank of America Corporation)	1968/1982		14,208		99		99
			2223 North Druid Hills Rd.	Atlanta	GA		—	Bank of America, NA (Bank of America Corporation)	1972		6,260		56		56
			275 Technology Dr.	Canonsburg	PA		—	ANSYS, Inc.	1996		107,872		715		689
			400 Butler Farm Rd.	Hampton	VA		—	Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company)	1999		100,632		653		621
			4545 Chamblee – Dunwoody Rd.	Chamblee	GA		—	Bank of America, NA (Bank of America Corporation)	1972		4,565		44		44
			825 Southway Dr.	Jonesboro	GA		—	Bank of America, NA (Bank of America Corporation)	1971		4,894		39		39
			956 Ponce de Leon Ave.	Atlanta	GA		—	Bank of America, NA (Bank of America Corporation)	1975		3,900		39		39
	2015	1/31/2015	26555 Northwestern Hwy.	Southfield	MI		—	Federal-Mogul Corporation	1966/1973/1988/1989		187,163		579		709
		3/31/2015	3940 South Teller St.	Lakewood	CO		—	MoneyGram Payment Systems, Inc.	2002		68,165		530		545
		6/30/2015	2500 Patrick Henry Pkwy.	McDonough	GA		—	Georgia Power Company	1999		111,911		782		689
			33 Commercial St.	Foxboro	MA		—	Invensys Systems, Inc. (Siebe, Inc.)	1982/1987		164,689		3,153		1,845
			3711 San Gabriel	Mission	TX		—	VoiceStream PCS II Corporation / T-Mobile USA, Inc. / T-Mobile West Corporation	2003		75,016		530		426
		7/31/2015	4001 International Pkwy.	Carrollton	TX		—	Motel 6 Operating, LP (Accor S.A.)	2003		138,443		1,606		1,597
		9/27/2015	2529 West Thorne Dr.	Houston	TX		—	Baker Hughes, Incorporated	1982/1999		65,500		789		326
		9/30/2015	500 Olde Worthington Rd.	Westerville	OH		—	InVentiv Communications, Inc.	2000		97,000		557		628
			550 Business Center Dr.	Lake Mary	FL		—	JPMorgan Chase Bank, National Association	1999		125,920		963		1,048
			600 Business Center Dr.	Lake Mary	FL		—	JPMorgan Chase Bank, National Association	1996		125,155		923		1,025
		10/31/2015	12209 West Markham St.	Little Rock	AR		—	Entergy Arkansas, Inc.	1980		36,311		119		119
			5201 West Barraque St.	Pine Bluff	AR		—	Entergy Arkansas Inc.	1964/1972/1988		27,189		96		71
	2016	1/31/2016	1600 Eberhardt Rd.	Temple	TX		—	Nextel of Texas, Inc. (Nextel Finance Company)	2001		108,800		837		673
		4/30/2016	11511 Luna Rd.	Farmers Branch	TX		—	Haggar Clothing Co. (Texas Holding Clothing Corporation and Haggar Corp.)	2000		180,507		1,177		1,594
			2000 Eastman Dr.	Milford	OH		—	Siemens Corporation	1991/1998		221,215		1,243		1,159
		5/31/2016	1200 Jupiter Rd.	Garland	TX		—	Raytheon Company	1980		278,759		753		864
		7/14/2016	1400 Northeast McWilliams Rd.	Bremerton	WA		—	Nextel West Corporation (Nextel Finance Company)	2002		60,200		608		608
		10/31/2016	104 & 110 South Front St.	Memphis	TN		—	Hnedak Bobo Group, Inc.	1871/1980/1988/1999		37,229		259		251
		12/31/2016	2050 Roanoke Rd.	Westlake	TX		—	TD Auto Finance LLC	2001		130,290		1,287		1,332
	2017	3/31/2017	1701 Market St.	Philadelphia	PA		4	Car-Tel Communications, Inc.	1957/1997		1,220		28		28
		4/30/2017	1315 West Century Dr.	Louisville	CO		—	Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC)	1987/2006		106,877		834		821
		9/30/2017	9201 East Dry Creek Rd.	Centennial	CO		—	The Shaw Group, Inc.	2001/2002		128,500		1,186		898
		10/31/2017	4455 American Way	Baton Rouge	LA		—	New Cingular Wireless PCS, LLC	1997		70,100		508		508
		11/30/2017	6200 Northwest Pkwy.	San Antonio	TX		—	United HealthCare Services, Inc. / PacifiCare Healthsystems, LLC	2000		142,500		891		933
		12/31/2017	100 East Shore Dr.	Glen Allen	VA		—	Capital One, National Association	1999		68,118		597		591

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2013

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 6/30/2013 ($000) (2)		GAAP Base Rent as of 6/30/2013 ($000) (3)
	2018	1/31/2018	820 Gears Rd.	Houston	TX		—	Ricoh Americas Corporation	2000		78,895		506		477
		4/30/2018	Sandlake Rd./Kirkman Rd.	Orlando	FL		—	Lockheed Martin Corporation	1982		184,000		480		935
		5/30/2018	13651 McLearen Rd.	Herndon	VA		—	United States of America	1987		159,644		1,670		1,701
		5/31/2018	6303 Barfield Rd.	Atlanta	GA		—	International Business Machines Corporation /Internet Security Systems, Inc. (ISS Group, Inc.)	2000/2001		238,600		2,210		924
			8900 Freeport Pkwy.	Irving	TX		—	Pacific Union Financial, LLC.	2003		43,396		114		395
		6/30/2018	100 Barnes Rd.	Wallingford	CT		—	3M Company	1977/1978/1985/1990/1993		44,400		239		254
			420 Riverport Rd.	Kingsport	TN		—	Kingsport Power Company	1981		42,770		155		64
		8/31/2018	3500 North Loop Rd.	McDonough	GA		—	Litton Loan Servicing LP	2007		62,218		618		428
		9/30/2018	1701 Market St.	Philadelphia	PA		4	CBC Restaurant Corp.	1957/1997		8,070		104		106
		12/22/2018	5200 Metcalf Ave.	Overland Park	KS		—	Swiss Re America Holding Corporation / Westport Insurance Corporation	1980/1990/2004/2005		320,198		2,443		2,459
		12/31/2018	120 East Shore Dr.	Glen Allen	VA		—	Capital One Services, LLC	2000		77,045		361		379
			2550 Interstate Dr.	Harrisburg	PA		—	AT&T Services, Inc.	1998		61,766		672		634
	2019	1/31/2019	2999 Southwest 6th St.	Redmond	OR		—	VoiceStream PCS I, LLC / T-Mobile West Corporation (T-Mobile USA, Inc.)	2004		77,484		820		734
		4/1/2019	9201 Stateline Rd.	Kansas City	MO		—	Swiss Re America Holding Corporation / Westport Insurance Corporation	1963/1973/1985/2003		155,925		1,143		1,143
		6/19/2019	3965 Airways Blvd.	Memphis	TN		—	Federal Express Corporation	1982/1983/1985/2006/2007		521,286		3,446		3,507
		6/28/2019	3265 East Goldstone Dr.	Meridian	ID		—	VoiceStream PCS Holding, LLC / T-Mobile PCS Holdings, LLC (T-Mobile USA, Inc.)	2004		77,484		671		553
		7/15/2019	19019 North 59th Ave.	Glendale	AZ		—	Honeywell International Inc.	1986/1997/2000		252,300		894		951
		7/31/2019	500 Jackson St.	Columbus	IN		—	Cummins, Inc.	1885/1980/1984/2006		390,100		2,295		2,270
		10/31/2019	10475 Crosspoint Blvd.	Indianapolis	IN		16	John Wiley & Sons, Inc.	1999		141,047		1,129		1,168
			9601 Renner Blvd.	Lenexa	KS		—	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)	2004		77,484		687		571
		12/31/2019	421 Butler Farm Rd.	Hampton	VA		—	Patient Advocate Foundation	2000		36,484		337		453
			850-950 Warrenville Rd.	Lisle	IL		—	National-Louis University / James J. Benes & Associates, Inc.	1984		91,879		727		782
	2020	1/31/2020	10300 Kincaid Dr.	Fishers	IN		—	Roche Diagnostics Operations, Inc.	1999		193,000		1,713		1,712
		2/14/2020	5600 Broken Sound Blvd.	Boca Raton	FL		—	Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.)	1983/2002		143,290		1,163		1,122
		5/31/2020	2401 Cherahala Blvd.	Knoxville	TN		—	AdvancePCS, Inc. / CaremarkPCS, L.L.C.	2002		59,748		435		387
		6/30/2020	10419 North 30th St.	Tampa	FL		—	Time Customer Service, Inc. (Time Incorporated)	1986		132,981		700		724
		7/8/2020	1460 Tobias Gadsen Blvd.	Charleston	SC		—	Hagemeyer North America, Inc.	2005		50,076		407		420
		7/31/2020	13775 McLearen Rd.	Herndon	VA		12	Orange Business Services U.S., Inc. (Equant N.V.)	1985/1986/1992/1999		132,617		875		919
		8/31/2020	First Park Dr.	Oakland	ME		—	Omnipoint Holdings, Inc. (T-Mobile USA, Inc.)	2005		78,610		680		573
		9/30/2020	9200 South Park Center Loop	Orlando	FL		—	Corinthian Colleges, Inc.	2003		59,927		459		465
	2021	1/31/2021	1701 Market St.	Philadelphia	PA		4	Morgan, Lewis & Bockius LLP	1957/1997		289,432		2,236		2,148
		3/31/2021	1311 Broadfield Blvd.	Houston	TX		—	Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.)	2000		155,040		1,163		1,312
		6/30/2021	1415 Wyckoff Rd.	Wall	NJ		—	New Jersey Natural Gas Company	1983		157,511		1,656		1,656
		8/31/2021	333 Three D Systems Circle	Rock Hill	SC		—	3D Systems Corporation	2006		80,028		335		344
		11/30/2021	29 South Jefferson Rd.	Whippany	NJ		—	CAE SimuFlite, Inc. (CAE INC.)	2006/2008		123,734		1,213		1,164
		12/31/2021	2800 Waterford Lake Dr.	Midlothian	VA		—	Alstom Power, Inc.	2000		99,057		1,055		1,070
	2022	1/31/2022	26210 and 26220 Enterprise Court	Lake Forest	CA		—	Apria Healthcare, Inc. (Apria Healthcare Group, Inc.)	2001		100,012		604		600
		6/30/2022	8555 South River Pkwy.	Tempe	AZ		—	ASM Lithography, Inc. (ASM Lithography Holding N.V.) (2013) / DA Nanomaterials L.L.C./ Air Products and Chemicals, Inc. (2022)	1998		95,133		1,177		1,177
		7/31/2022	1440 E 15th Street	Tucson	AZ		—	CoxCom, LLC	1988		28,591		273		273
		11/30/2022	4201 Marsh Ln.	Carrollton	TX		—	Carlson Restaurants Inc. (Carlson, Inc.)	2003		130,000		1,009		933
		12/31/2022	147 Milk St.	Boston	MA		—	Harvard Vanguard Medical Associates, Inc.	1910		52,337		808		831
	2023	2/28/2023	2211 South 47th St.	Phoenix	AZ		—	Avnet, Inc.	1997		176,402		826		1,080
		3/31/2023	6555 Sierra Dr.	Irving	TX		—	TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC)	1999		247,254		1,554		1,476
			8900 Freeport Pkwy.	Irving	TX		—	Nissan Motor Acceptance Corporation (Nissan North America, Inc.) / Pacific Union Financial, LLC.	2003		225,049		1,637		1,721
		6/30/2023	12600 Gateway Blvd.	Fort Myers	FL		11	Alta Resources Corp.	1998		63,261		139		137
	N/A	N/A	1701 Market St.	Philadelphia	PA		4	Parking Operators	1957/1997		0		1,255		1,255
		Vacant	101 East Erie St.	Chicago	IL		—	(Available for Lease)	1986		17,716		0		0
			1701 Market St.	Philadelphia	PA		4	(Available for Lease)	1957/1997		5,315		0		0
			421 Butler Farm Rd.	Hampton	VA		—	(Available for Lease)	2000		20,080		0		0
			810 Gears Rd.	Houston	TX		11	(Available for Lease)	2000		76,435		134		132
OFFICE TOTAL/WEIGHTED AVERAGE								98.9% Leased			10,840,363	$	81,152	$	79,047

LEXINGTON REALTY TRUST

Long-Term Leases- Consolidated Portfolio - 6/30/2013

Year of Lease Expiration		Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Property Type	Year Acquired/ Built/ Renovated/ Expanded	Sq.Ft. Leased or Available (1)		Cash Rent as of 6/30/2013 ($000) (2)		GAAP Base Rent as of 6/30/2013 ($000) (3)
LONG-TERM LEASE PROPERTIES
	2023	7/1/2023	275 South Valencia Ave.	Brea	CA		—	Bank of America, National Association	Office	1983		637,503		3,825		4,277
		12/14/2023	3333 Coyote Hill Rd.	Palo Alto	CA		—	Xerox Corporation	Office	1973/1975/1982		202,000		1,749		3,229
		12/31/2023	1601 Pratt Ave.	Marshall	MI		—	Autocam Corporation	Industrial	1979		58,707		0		0
	2024	2/14/2024	1362 Celebration Blvd.	Florence	SC		—	MED3000, Inc.	Office	2012		32,000		260		287
		5/31/2024	3476 Stateview Blvd.	Fort Mill	SC		—	Wells Fargo Bank, N.A.	Office	2002		169,083		1,380		1,219
			3480 Stateview Blvd.	Fort Mill	SC		—	Wells Fargo Bank, N.A.	Office	2004		169,218		1,861		1,607
		6/30/2024	70 Mechanic St.	Foxboro	MA		—	Invensys Systems, Inc. (Siebe, Inc.)	Office	1965/1967/1971		251,924		2,817		1,253
		9/30/2024	6277 Sea Harbor Dr.	Orlando	FL		—	Orlando/Orange County Convention & Visitor Bureau, Inc.	Office	1984/2012		44,752		0		0
		10/31/2024	1409 Centerpoint Blvd.	Knoxville	TN		—	Alstom Power, Inc.	Office	1997		84,404		882		824
		12/31/2024	12000 & 12025 Tech Center Dr.	Livonia	MI		—	Kelsey-Hayes Company (TRW Automotive Inc.)	Office	1987/1988/1990		180,230		757		682
	2025	3/14/2025	601 & 701 Experian Pkwy.	Allen	TX		—	Experian Information Solutions, Inc. / TRW, Inc.(Experian Holdings, Inc.)	Office	1981/1983		292,700		1,537		1,492
		6/30/2025	10000 Business Blvd.	Dry Ridge	KY		—	Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	1988/1999		336,350		673		673
			301 Bill Bryan Rd.	Hopkinsville	KY		—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	1987/1999/2000/2006		424,904		844		844
			4010 Airpark Dr.	Owensboro	KY		—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	1998/2001		211,598		604		604
			730 North Black Branch Rd.	Elizabethtown	KY		—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	2001		167,770		268		268
			750 North Black Branch Rd.	Elizabethtown	KY		—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	1995/2000/2001		539,592		1,419		1,419
		7/14/2025	590 Ecology Ln.	Chester	SC		—	Boral Stone Products LLC (Boral Limited)	Industrial	2001/2005		420,597		1,006		731
		7/31/2025	7005 Cochran Rd.	Glenwillow	OH		—	Royal Appliance Mfg. Co.	Industrial	1997		458,000		1,020		1,126
		9/30/2025	10001 Richmond Ave.	Houston	TX		18	Baker Hughes Incorporated / Schlumberger Holdings Corp.	Office	1976/1984		554,385		7,000		3,688
		10/31/2025	6277 Sea Harbor Dr.	Orlando	FL		19	Wyndham Vacation Ownership, Inc. (Wyndham Worldwide Corporation) / Aramark Corporation	Office	1984/2012		267,662		271		2,536
		11/30/2025	11707 Miracle Hills Dr.	Omaha	NE		—	Infocrossing, Inc.	Office	1989/1995		85,200		583		583
		12/31/2025	2005 East Technology Cir.	Tempe	AZ		—	Infocrossing, Inc.	Office	1998		60,000		564		564
	2026	3/30/2026	121 Technology Dr.	Durham	NH		15	Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation)	Industrial	1986/2002/2003		500,500		1,701		1,269
		3/31/2026	459 Wingo Road	Byhalia	MS		—	Asics America Corporation (Asics Corporation)	Industrial	2011		513,734		1,311		1,468
		6/30/2026	351 Chamber Drive	Chillicothe	OH		—	The Kitchen Collection, Inc.	Industrial	1995/1998		475,218		514		580
		8/31/2026	25500 State Hwy. 249	Tomball	TX		—	Parkway Chevrolet, Inc. (Raymond Durdin & Jean W. Durdin)	Specialty	2005		77,076		695		707
		10/31/2026	5001 Greenwood Rd.	Shreveport	LA		—	Libbey Glass Inc. (Libbey Inc.)	Industrial	2006		646,000		1,023		1,083
		11/30/2026	250 Rittenhouse Cir.	Bristol	PA		—	Northtec LLC (The Estée Lauder Companies Inc.)	Industrial	1983/1997		241,977		524		573
			500 Kinetic Drive	Huntington	WV		—	AMZN WVCS LLC (Amazon.com, Inc.)	Office	2011		68,693		605		672
		12/29/2026	5500 New Albany Road	Columbus	OH		—	Evans, Mechwart, Hambleton & Tilton, Inc.	Office	2005		104,807		775		869
	2027	4/30/2027	2424 Alpine Rd.	Eau Claire	WI		—	Silver Spring Foods, Inc. (Huntsinger Farms, Inc.)	Industrial	1993/2004		159,000		535		501
		6/30/2027	3902 Gene Field Rd	St. Joseph	MO		—	Boehringer Ingelheim Vetmedica, Inc. (Boehringer Ingelheim USA Corporation)	Office	2012		98,849		856		997
		7/6/2027	2221 Schrock Road	Columbus	OH		—	MS Consultants, Inc.	Office	1999/2006		42,290		280		320
		8/7/2027	25 Lakeview Drive	Jessup	PA		—	TMG Health, Inc.	Office	2012		150,000		956		1,250
		10/31/2027	11201 Renner Blvd.	Lenexa	KS		—	United States of America	Office	2007		169,585		1,175		3,060
		11/30/2027	1700 Millrace Drive	Eugene	OR		17	Oregon Research Institute / Educational Policy Improvement Center	Office	2012		80,011		790		1,033
		12/31/2027	10590 Hamilton Ave.	Cincinnati	OH		—	The Hillman Group, Inc.	Industrial	1991/1994/1997/2005		248,700		380		395
	2028	3/31/2028	29-01-Borden Ave./29-10 Hunters Point Ave.	Long Island City	NY		5	FedEx Ground Package System, Inc. (Federal Express Corporation)	Industrial	2013		140,330		1,472		1,584
		4/30/2028	9655 Maroon Circle	Englewood	CO		—	Trizetto Corporation	Office	2013		166,912		280		958
		5/31/2028	3325 McFarland Blvd East	Tuscaloosa	AL		—	Gander Mountain Company	Retail	2013		42,302		108		119
		8/31/2028	9803 Edmonds Way	Edmonds	WA		—	Pudget Consumers Co-op d/b/a PCC Natural Markets	Retail	1981		35,459		301		301
	2029	1/31/2029	6226 West Sahara Ave.	Las Vegas	NV		—	Nevada Power Company	Office	1983/1994		282,000		4,035		2,127
		12/31/2029	400 East Stone Ave.	Greenville	SC		9	Canal Insurance Company	Office	1948/1981/1982/1986/1991/2006/2008		128,041		484		0
			3030 North 3rd Street	Phoenix	AZ		—	CopperPoint Mutual Insurance Company	Office	1986/2011		252,400		1,893		2,422
	2031	5/31/2031	671 Washburn Switch Rd.	Shelby	NC		—	Clearwater Paper Corporation	Industrial	2011		673,518		1,095		1,300
	2032	4/30/2032	13930 Pike Road	Missouri City	TX		—	Vulcan Construction Materials, LP (Vulcan Materials Company)	Industrial	N/A		0		880		1,062
	2038	3/31/2038	13901/14035 Industrial Road	Houston	TX		—	Industrial Terminals Management, L.L.C. (Maritime Holdings (Delaware) LLC)	Industrial	Various		132,449		1,378		1,766
	N/A	Vacant	6277 Sea Harbor Dr.	Orlando	FL		—	(Available for Lease)	Office	1984/2012		47,100		0		0
LONG-TERM LEASES TOTAL/WEIGHTED AVERAGE								99.6% Leased				11,125,530	$	53,366	$	54,322

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2013

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 6/30/2013 ($000) (2)		GAAP Base Rent as of 6/30/2013 ($000) (3)
INDUSTRIAL PROPERTIES
	2014	1/1/2014	2415 US Hwy. 78 East	Moody	AL		20	CEVA Logistics U.S., Inc. (CEVA Logistics Holdings, B.V. / PostNL N.V.)	2004		595,346		531		531
		1/31/2014	109 Stevens St.	Jacksonville	FL		—	Wagner Industries, Inc.	1959/1967		168,800		154		154
		5/31/2014	191 Arrowhead Dr.	Hebron	OH		—	Owens Corning Insulating Systems, LLC	1999		250,410		188		188
			200 Arrowhead Dr.	Hebron	OH		—	Owens Corning Insulating Systems, LLC	2000		400,522		454		454
		12/31/2014	324 Industrial Park Rd.	Franklin	NC		—	SKF USA Inc.	1996		72,868		228		135
	2015	1/31/2015	101 Michelin Dr.	Laurens	SC		21	Michelin North America, Inc.	1991/1993		1,164,000		1,694		1,694
			7111 Crabb Rd.	Temperance	MI		22	Michelin North America, Inc.	1978/1993		744,570		1,143		1,143
		6/30/2015	1700 47th Ave North	Minneapolis	MN		—	Owens Corning / Owens Corning Roofing and Asphalt, LLC	2003		18,620		319		319
			2935 Van Vactor Dr.	Plymouth	IN		—	Bay Valley Foods, LLC	2000/2003		300,500		411		411
		12/31/2015	749 Southrock Dr.	Rockford	IL		—	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)	1992		150,000		238		244
	2016	2/28/2016	7670 Hacks Cross Rd.	Olive Branch	MS		—	MAHLE Clevite, Inc. (MAHLE Industries, Incorporated)	1989		268,104		477		458
		3/31/2016	19500 Bulverde Rd.	San Antonio	TX		—	Elsevier STM Inc. (Reed Elsevier Inc.)	2001		559,258		1,832		1,715
			2455 Premier Dr.	Orlando	FL		—	Walgreen Co. / Walgreen Eastern Co.	1980		205,016		254		393
		5/31/2016	291 Park Center Dr.	Winchester	VA		—	Kraft Foods Global, Inc.	2001		344,700		617		645
		6/30/2016	1133 Poplar Creek Rd.	Henderson	NC		—	Staples, Inc. / Corporate Express, Inc.	1998/2006		196,946		438		405
		9/30/2016	900 Industrial Blvd.	Crossville	TN		—	Dana Commercial Vehicle Products, LLC	1989/2006		222,200		342		342
		11/30/2016	736 Addison Rd.	Erwin	NY		—	Corning, Incorporated	2006		408,000		634		634
		12/31/2016	3686 South Central Ave.	Rockford	IL		7	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.) / Pierce Packaging Co.	1998		90,000		202		157
	2017	2/28/2017	3456 Meyers Ave.	Memphis	TN		—	Sears, Roebuck and Co. / Sears Logistics Services	1973		780,000		798		847
		4/30/2017	3600 Army Post Rd.	Des Moines	IA		—	HP Enterprise Services, LLC	2000		405,000		1,249		1,026
		6/30/2017	7500 Chavenelle Rd.	Dubuque	IA		—	The McGraw-Hill Companies, Inc.	2001		330,988		608		582
		9/30/2017	250 Swathmore Ave.	High Point	NC		—	Steelcase Inc.	2002		244,851		554		543
		10/31/2017	1420 Greenwood Rd.	McDonough	GA		—	Versacold USA, Inc.	2000/2007		296,972		1,361		1,298
			43955 Plymouth Oaks Blvd.	Plymouth	MI		—	Tower Automotive Operations USA I, LLC / Tower Automotive Products Inc. (Tower Automotive, Inc.)	1996/1998		290,133		689		737
		12/31/2017	2203 Sherrill Dr.	Statesville	NC		—	Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation)	1999/2002		639,800		908		958
	2018	6/30/2018	1650-1654 Williams Rd.	Columbus	OH		—	ODW Logistics, Inc.	1973		772,450		674		671
		9/30/2018	50 Tyger River Dr.	Duncan	SC		—	Plastic Omnium Auto Exteriors, LLC	2005/2007/2008		221,833		479		479
			904 Industrial Rd.	Marshall	MI		—	Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.)	1968/1972/2008		246,508		382		348
		12/31/2018	120 Southeast Pkwy. Dr.	Franklin	TN		—	Essex Group, Inc. (United Technologies Corporation)	1970/1983		289,330		367		625
	2019	4/30/2019	113 Wells St.	North Berwick	ME		—	United Technologies Corporation	1965/1980		972,625		768		768
		10/17/2019	10345 Philipp Pkwy.	Streetsboro	OH		—	L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.)	2004		649,250		1,259		1,305
	2020	3/31/2020	2425 Hwy. 77 North	Waxahachie	TX		—	James Hardie Building Products, Inc. (James Hardie NV & James Hardie Industries NV)	1996/2001		335,610		1,700		1,700
		5/31/2020	359 Gateway Dr.	Lavonia	GA		—	TI Group Automotive Systems, LLC (TI Automotive Ltd.)	2005		133,221		600		476
		6/30/2020	3102 Queen Palm Dr.	Tampa	FL		—	Time Customer Service, Inc. (Time Incorporated)	1986		229,605		660		638
		9/30/2020	3350 Miac Cove Rd.	Memphis	TN		—	Mimeo.com, Inc.	1987		107,400		210		196
		12/19/2020	1901 Ragu Dr.	Owensboro	KY		6	Unilever Supply Chain, Inc. (Unilever United States, Inc.)	1975/1979/1995		443,380		598		746
	2021	5/31/2021	477 Distribution Pkwy.	Collierville	TN		—	Federal Express Corporation / FedEx Techconnect, Inc.	1984/1987/2005/2012		126,213		414		375
		9/30/2021	3820 Micro Dr.	Millington	TN		—	Ingram Micro L.P. (Ingram Micro Inc.)	1997		701,819		846		928
		10/25/2021	6938 Elm Valley Dr.	Kalamazoo	MI		—	Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited)	1999/2004		150,945		1,014		873
		11/30/2021	2880 Kenny Biggs Rd.	Lumberton	NC		—	Quickie Manufacturing Corporation	1998/2001/2006		423,280		666		678
	2022	3/31/2022	5417 Campus Drive	Shreveport	LA		—	The Tire Rack, Inc.	2012		257,849		638		670
	N/A	Vacant	3350 Miac Cove Rd.	Memphis	TN		—	(Available for Lease)	1987		32,679		0		0
INDUSTRIAL TOTAL/WEIGHTED AVERAGE								99.8% Leased			15,241,601	$	27,598	$	27,489

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2013

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 6/30/2013 ($000) (2)		GAAP Base Rent as of 6/30/2013 ($000) (3)		Debt Balance ($000)
MULTI-TENANT PROPERTIES (8,14)
Various	Various	10 John St.	Clinton		CT		6	Multi-Tenant	1972		0		41,188		0	%		0		0		0
		100 Light St.	Baltimore		MD		13	Multi-Tenant	1973/2009		248,895		476,459		95	%		7,018		8,138		55,000
		140 East Shore Dr.	Glen Allen		VA		—	Multi-Tenant	2000		13,206		76,885		92	%		603		536		18,827
		13430 North Black Canyon Fwy.	Phoenix		AZ		—	Multi-Tenant	1981/1982/2005/2007/2009		16,723		138,940		100	%		1,367		1,354		0
		17191 St. Luke's Way	The Woodlands		TX		—	Multi-Tenant	2004		7,959		41,000		70	%		134		134		0
		207 Mockingbird Ln.	Johnson City		TN		—	Multi-Tenant	1979		12,133		60,684		48	%		325		325		0
		2210 Enterprise Dr.	Florence		SC		11	Multi-Tenant	1998		16,176		176,557		70	%		627		627		0
		2300 Litton Ln.	Hebron		KY		—	Multi-Tenant	1986/1996		9,907		80,440		100	%		196		194		0
		265 Lehigh St.	Allentown		PA		—	Multi-Tenant	1980		2,920		71,055		32	%		64		64		0
		2706 Media Center Dr.	Los Angeles		CA		—	Multi-Tenant	2000		18,070		83,252		24	%		115		115		10,281
		4200 Northcorp Pkwy.	Palm Beach Gardens		FL		—	Multi-Tenant	1996		21,271		95,065		26	%		174		174		0
		6050 Dana Way	Antioch		TN		—	Multi-Tenant	1999		15,140		672,629		70	%		764		770		0
		859 Mount Vernon Hwy.	Atlanta		GA		11	Multi-Tenant	2004		14,501		50,400		32	%		574		450		40,356
		King St./1042 Fort St. Mall	Honolulu		HI		—	Multi-Tenant	1979/2002		16,967		77,459		66	%		442		442		0
MULTI-TENANT TOTAL/WEIGHTED AVERAGE								71.4% Leased					2,142,013				$	12,403	$	13,323	$	124,464

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 6/30/2013

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 6/30/2013 ($000) (2)		GAAP Base Rent as of 6/30/2013 ($000) (3)
RETAIL/SPECIALTY PROPERTIES
	2014	10/31/2014	1084 East Second St.	Franklin	OH		—	Marsh Supermarkets, LLC / Crystal Food Services, LLC	1961/1978		29,119		56		71
	2015	1/31/2015	1700 State Route 160	Port Orchard	WA		—	Moran Foods, Inc. d/b/a Save-A-Lot, Ltd.	1983		16,037		44		44
		5/31/2015	24th St. West & St. John’s Ave.	Billings	MT		—	Safeway, Inc.	1981		40,800		93		143
	2016	5/31/2016	12535 Southeast 82nd Ave.	Clackamas	OR		—	Toys "R" Us-Delaware, Inc. / Toys "R" Us, Inc. / TRU 2005 RE I, LLC	1981		42,842		153		153
			18601 Alderwood Mall Blvd.	Lynnwood	WA		—	Toys "R" Us-Delaware, Inc. / Toys "R" Us, Inc. / TRU 2005 RE I, LLC	1981/1993		43,105		141		141
			6910 South Memorial Hwy.	Tulsa	OK		—	Toys “R” Us, Inc. / Toys "R" Us-Delaware, Inc.	1981		43,123		128		128
	2017	3/31/2017	1610 South Westmoreland Ave.	Dallas	TX		—	Malone’s Food Stores, Ltd.	1960		70,910		181		211
		6/30/2017	1600 East 23rd St.	Chattanooga	TN		—	BI-LO, LLC	1983/1995		42,130		62		62
		12/31/2017	11411 North Kelly Ave.	Oklahoma City	OK		—	American Golf Corporation	1991/1996		13,924		237		162
	2018	2/26/2018	4831 Whipple Ave., Northwest	Canton	OH		—	Best Buy Co., Inc.	1995		46,350		232		233
		2/28/2018	291 Talbert Blvd.	Lexington	NC		—	Food Lion, LLC / Delhaize America, Inc.	1981		23,000		69		69
			3211 West Beverly St.	Staunton	VA		—	Food Lion, LLC / Delhaize America, Inc.	1971		23,000		83		83
		7/1/2018	1053 Mineral Springs Rd.	Paris	TN		—	The Kroger Co.	1982		31,170		79		84
		9/30/2018	835 Julian Ave.	Thomasville	NC		—	Mighty Dollar, LLC	1983		23,767		38		38
		10/31/2018	10340 U.S. 19	Port Richey	FL		—	Kingswere Furniture, LLC	1980		53,820		173		173
			130 Midland Ave.	Port Chester	NY		—	A&P Real Property, LLC (Pathmark Stores, Inc.)	1982		59,000		217		542
			5104 North Franklin Rd.	Lawrence	IN		—	Marsh Supermarkets, Inc. / Marsh Supermarkets, LLC	1959/1983		28,721		97		97
		12/31/2018	1150 West Carl Sandburg Dr.	Galesburg	IL		—	Kmart Corporation	1992		94,970		21		164
			12080 Carmel Mountain Rd.	San Diego	CA		—	Kmart Corporation	1993		107,210		24		376
			21082 Pioneer Plaza Dr.	Watertown	NY		—	Kmart Corporation	1993		120,727		36		241
			255 Northgate Dr.	Manteca	CA		—	Kmart Corporation	1993		107,489		38		278
			5350 Leavitt Rd.	Lorain	OH		—	Kmart Corporation	1993		193,193		54		366
			97 Seneca Trail	Fairlea	WV		—	Kmart Corporation	1993/1999		90,933		25		173
	2019	3/31/2019	N.E.C. 45th St./Lee Blvd.	Lawton	OK		—	Associated Wholesale Grocers, Inc. / Safeway, Inc.	1984		30,757		93		98
	2023	2/28/2023	US 221 & Hospital Rd.	Jefferson	NC		—	Food Lion, LLC / Delhaize America, Inc.	1981		34,555		66		78
	N/A	Vacant	1700 State Route 160	Port Orchard	WA		—	(Available for Lease)	1983		11,931		0		0
			S. Carolina 52/52 Bypass	Moncks Corner	SC		11	(Available for Lease)	1982		23,000		10		327
RETAIL/SPECIALTY TOTAL/WEIGHTED AVERAGE								97.6% Leased			1,445,583	$	2,450	$	4,535
TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE								97.9% Leased			40,795,090	$	176,969	$	178,716

Footnotes

Square foot leased or vacant.

Six months ended 6/30/2013 cash rent.

Six months ended 6/30/2013 GAAP base rent.

Lexington has an 80.5% interest in this property.

Joint venture investment. Lexington had a priority return. Subsequent to 6/30/2013, Lexington purchased its joint venture partners' interest.

Lexington has a 71.1% interest in this property.

Jacobson Warehouse Company, Inc. lease expires 12/31/2014; however, new tenant (Pierce Packaging Co.) lease expires 12/31/2016.

Multi-tenant properties are properties less than 50% leased to a single tenant.

Property is classified as a capital lease for GAAP, accordingly $497 of income is included in non-operating income.

Represents GAAP capitalized costs.

Cash and GAAP rent amounts represent/include prior tenant.

24,824 square feet is leased to 7/31/2025.

Includes parking operations.

The multi-tenanted properties incurred approximately $4.9 million in operating expenses, net for the six months ended 6/30/2013.

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

RGN-Indianapolis I, LLC lease for 14,236 square feet expires 07/2024. Yellow Book Sales and Distribution Company, Inc. lease for 3,764 square feet expires 11/2013.

Educational Policy Improvement Center lease for 10,791 square feet expires 11/2019; however, space is then leased to Oregon Research Institute through 11/2027.

Baker Hughes Incorporated lease expires 09/2015; however, new tenant (Schlumberger Holdings Corp.) lease expires 09/2025.

Aramark Corporation lease for 8,261 square feet expires 11/2017.

Subsequent to 6/30/2013, lease extended to 12/31/2017.

Subsequent to 6/30/2013, lease extended to 1/31/2017.

Subsequent to 6/30/2013, lease extended to 7/31/2016.

LEXINGTON REALTY TRUST

Lease Rollover Schedule by Property Type - Cash Basis

6/30/2013

	Office						Industrial						Retail/Specialty						Multi-Tenant
Year	Net Rentable Area		Cash Rent as of 6/30/2013 ($000)		Annual Rent PSF (2)		Net Rentable Area		Cash Rent as of 6/30/2013 ($000)		Annual Rent PSF (2)		Net Rentable Area		Cash Rent as of 6/30/2013 ($000)		Annual Rent PSF (2)		Net Rentable Area		Cash Rent as of 6/30/2013 ($000)		Annual Rent PSF (2)
2013 - remaining		473,162	$	2,907	$	12.29		-	$	-	$	-		-	$	-	$	-		28,470	$	213	$	14.96
2014		1,479,077	$	12,217	$	16.52		1,487,946	$	1,555	$	2.09		29,119	$	56	$	3.85		115,887	$	590	$	10.18
2015		1,222,462	$	10,627	$	14.71		2,377,690	$	3,805	$	3.20		56,837	$	137	$	4.82		122,357	$	887	$	14.50
2016		1,017,000	$	6,164	$	12.12		2,294,224	$	4,796	$	4.18		129,070	$	422	$	6.54		139,185	$	1,023	$	14.70
2017		525,576	$	4,085	$	15.54		2,987,744	$	6,167	$	4.13		126,964	$	480	$	7.56		22,381	$	116	$	10.37
2018		1,321,002	$	9,572	$	14.49		1,530,121	$	1,902	$	2.49		1,003,350	$	1,186	$	3.97		131,107	$	826	$	12.60
2019		1,814,264	$	12,222	$	13.47		1,621,875	$	2,027	$	2.50		30,757	$	93	$	6.05		135,229	$	1,689	$	24.98
2020		850,249	$	6,432	$	15.13		1,249,216	$	3,768	$	6.03		-	$	-	$	-		89,992	$	258	$	5.73
2021		904,802	$	7,658	$	16.93		1,402,257	$	2,940	$	4.19		-	$	-	$	-		534,538	$	3,298	$	12.34
2022		406,073	$	3,871	$	19.07		257,849	$	638	$	4.95		-	$	-	$	-		-	$	-	$	-
2023 - Q1 & Q2		711,966	$	4,156	$	11.67		-	$	-	$	-		34,555	$	66	$	3.82		-	$	-	$	-
Thereafter		4,569,833	$	35,467	$	14.24		6,348,944	$	16,647	$	5.74		154,837	$	1,104	$	18.15		200,084	$	2,220	$	22.19
Total/Weighted Average ⁽¹⁾		15,295,466	$	115,378	$	14.49		21,557,866	$	44,245	$	4.25		1,565,489	$	3,544	$	5.94		1,519,230	$	11,120	$	14.64

Footnotes

(1)

Total shown may differ from detailed amounts due to rounding and does not include parking operations.

(2)

For properties acquired cash rents are annualized.

LEXINGTON REALTY TRUST

Lease Rollover Schedule - Consolidated Single-Tenant Properties GAAP Basis

6/30/2013

Year	Number of Leases Expiring		GAAP Base Rent as of 6/30/2013 ($000)		Percent of GAAP Base Rent as of 6/30/2013			Percent of GAAP Base Rent as of 6/30/2012
2013 - remaining		7	$	2,804		1.7	%		3.9	%
2014		25	$	14,003		8.6	%		13.4	%
2015		19	$	13,026		8.0	%		12.1	%
2016		18	$	11,652		7.1	%		6.5	%
2017		17	$	10,246		6.3	%		6.5	%
2018		30	$	13,796		8.4	%		10.2	%
2019		15	$	14,376		8.8	%		11.5	%
2020		13	$	10,078		6.2	%		4.8	%
2021		10	$	10,548		6.4	%		6.2	%
2022		6	$	4,484		2.7	%		1.8	%
2023 - Q1 & Q2		5	$	4,492		2.7	%		3.1	%
Thereafter		48	$	54,174		33.1	%		14.6	%

Total ⁽¹⁾		213	$	163,679		100.0	%

Footnotes

(1)

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

LEXINGTON REALTY TRUST

Lease Rollover Schedule - Consolidated Properties GAAP Basis

6/30/2013

Year	Number of Leases Expiring		GAAP Base Rent as of 6/30/2013 ($000)		Percent of GAAP Base Rent as of 6/30/2013
2013 - remaining		25	$	3,017		1.7	%
2014		40	$	14,593		8.3	%
2015		37	$	13,872		7.9	%
2016		31	$	12,662		7.2	%
2017		19	$	10,361		5.9	%
2018		35	$	14,615		8.3	%
2019		23	$	16,056		9.1	%
2020		16	$	10,331		5.9	%
2021		14	$	13,958		7.9	%
2022		6	$	4,484		2.6	%
2023 - Q1 & Q2		5	$	4,492		2.6	%
Thereafter		51	$	57,402		32.6	%

Total ⁽¹⁾		302	$	175,843		100.0	%

Footnotes

(1)

Total shown may differ from detailed amounts due to rounding and does not include parking operations.

LEXINGTON REALTY TRUST

Mortgage Loans Receivable

6/30/2013

Collateral									Current Estimated Annual
	City	State	Loan Balance ($000)(1)		Interest Rate			Maturity Date	Debt Service ($000)(2)		Balloon Payment ($000)		Escrow Balance ($000)
Office	Schaumburg (3)	IL	$	21,636		20.00	%	01/2012	$	-	$	21,636	$	-
	Norwalk (4)	CT	$	20,262		7.50	%	11/2014	$	-	$	20,262	$	4,433
	Southfield	MI	$	6,994		4.55	%	02/2015	$	1,282	$	5,810	$	-
	Westmont (5)	IL	$	26,721		6.45	%	10/2015	$	2,090	$	25,731	$	6,468
Retail	Austin	TX	$	2,206		16.00	%	10/2018	$	-	$	5,104	$	-
	Various	Various	$	1,232		8.00	%	02/2021	$	219	$	-	$	-
	Various	Various	$	557		8.00	%	12/2021	$	94	$	-	$	-
	Various	Various	$	797		8.00	%	03/2022	$	127	$	-	$	-
Charter School	Homestead (6)	FL	$	8,646		7.50	%	08/2014	$	800	$	8,646	$	-
	Total Mortgage Loans Receivable		$	89,051					$	4,612	$	87,189	$	10,901

Footnotes

(1)

Includes accrued interest receivable and net origination fees.

(2)

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

(3)

Borrower currently in default and Lexington has commenced foreclosure.

(4)

Lexington is committed to lend up to a maximum of $32.6 million. Escrow balance represents a security interest of $4.4 million in an account maintained by the borrower.

(5)

Escrow balance includes $2.5 million in a collateral securities account maintained by the borrower and $2.5 million tenant letter of credit held by Lexington. Tenant in property exercised its option to terminate the lease effective 11/30/2013 for a termination payment of $1.3 million.

(6)

Lexington is committed to lend an additional $2.0 million.

LEXINGTON REALTY TRUST

2013 Second Quarter Financing Summary

DEBT RETIRED (1)

		Face / Satisfaction ($000)		Rate			Maturity Date
1	Indianapolis, IN (2)	$	8,686		5.168	%	05/2013
2	Phoenix, AZ	$	16,612		6.270	%	09/2013
3	Knoxville, TN	$	4,532		5.950	%	09/2013
4	Foxboro, MA (3)	$	2,666		6.000	%	01/2014
5	Moody, AL	$	6,462		4.978	%	01/2014
6	Arlington, TX	$	18,918		5.810	%	02/2014
7	Redmond, OR	$	8,675		5.616	%	04/2014
8	Fort Mill, SC	$	18,656		5.373	%	05/2014
9	Fishers, IN	$	10,810		6.375	%	08/2014
10	Columbus IN, Las Vegas, NV, Memphis, TN	$	103,511		6.150	%	09/2014
11	Columbus IN, Las Vegas, NV, Memphis, TN	$	2,334		7.500	%	09/2014
12	Farmington Hills, MI (2)	$	17,542		7.420	%	03/2031

	TOTAL	$	219,404		6.090	%

CORPORATE LEVEL FINANCING

		Face ($000)		Rate			Maturity
1	Senior Unsecured Notes	$	250,000		4.25	%	06/2023
2	Term Loan Draw	$	64,000		2.08	%	02/2018

Footnotes

(1)

Lexington incurred aggregate yield maintenance costs of $11.8 million.

(2)

Property was conveyed to satisfy mortgage.

(3)

Imputed interest rate.

LEXINGTON REALTY TRUST

Debt Maturity Schedule

6/30/2013

($000)

Consolidated Properties
Year	Real Estate Scheduled Amortization		Real Estate Balloon Payments			Corporate Debt
2013	$	8,961	$	59,072	(a)	$	-
2014	$	30,326	$	83,003		$	-
2015	$	26,135	$	277,092		$	-
2016	$	19,977	$	148,595		$	-
2017	$	19,884	$	68,669		$	41,146	(b)
	$	105,283	$	636,431		$	41,146

Non-Consolidated Investments - LXP Proportionate Share
Year	Real Estate Scheduled Amortization		Real Estate Balloon Payments
2013	$	707	$	-
2014	$	1,529	$	-
2015	$	1,608	$	5,469
2016	$	1,477	$	-
2017	$	94	$	2,097
	$	5,415	$	7,566

Footnotes

(a)

$8,585 of balloon debt has been repaid subsequent to June 30, 2013.

(b)

Assumes debt is put to Lexington in 2017; stated maturity date is January 2030. Subsequent to June 30, 2013, $12,155 of debt was satisfied through the issuance of 1.8 million common shares and a cash payment of $0.6 million.

LEXINGTON REALTY TRUST

2013 Mortgage Maturities by Property Type

6/30/2013

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date	Tenant Lease Expires	Gross Book Value ($000) (1)		Cash Rent as of 6/30/2013 ($000)		GAAP Base Rent as of 6/30/2013 ($000)
Office &	12600 Gateway Blvd. (2) (3)	Fort Myers	FL		63,261	$	8,585	07/2013	06/2023	$	3,741	$	139	$	137
Multi-Tenant	1110 Bayfield Dr. (2)	Colorado Springs	CO		166,575	$	10,131	08/2013	11/2013	$	19,579	$	815	$	800
	6303 Barfield Rd./859 Mount Vernon Hwy. (2)	Atlanta	GA		289,000	$	40,356	08/2013	Various	$	76,766	$	2,784	$	1,374

	Total 2013 Mortgage Maturities				518,836	$	59,072			$	100,086	$	3,738	$	2,311

Footnotes

(1)

Represents GAAP capitalized costs as of June 30, 2013.

(2)

Loan in default as of June 30, 2013.

(3)

Amount satisfied subsequent to June 30, 2013.

LEXINGTON REALTY TRUST

2014 Mortgage Maturities by Property Type

6/30/2013

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date	Tenant Lease Expires	Gross Book Value ($000) (1)		Cash Rent as of 6/30/2013 ($000)		GAAP Base Rent as of 6/30/2013 ($000)
Office	1701 Market St. (2)	Philadelphia	PA		304,037	$	43,520	07/2014	Various	$	73,183	$	3,623	$	3,537
	22011 Southeast 51st St./5150 220th Ave.	Issaquah	WA		202,544	$	30,388	12/2014	12/2014	$	51,419	$	2,290	$	2,092
	275 Technology Dr.	Canonsburg	PA		107,872	$	9,095	12/2014	12/2014	$	15,739	$	715	$	689

	Total 2014 Mortgage Maturities				614,453	$	83,003			$	140,341	$	6,628	$	6,318

Footnotes

(1)

Represents GAAP capitalized costs as of June 30, 2013.

(2)

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

LEXINGTON REALTY TRUST

2015 Mortgage Maturities by Property Type

6/30/2013

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date	Tenant Lease Expires	Gross Book Value ($000) (1)		Cash Rent as of 6/30/2013 ($000)		GAAP Base Rent as of 6/30/2013 ($000)
Office &	101 East Erie St.	Chicago	IL		230,704	$	29,900	01/2015	03/2014	$	56,548	$	2,075	$	2,510
Multi-Tenant	400 East Stone Ave. (2)	Greenville	SC		128,041	$	9,000	01/2015	12/2029	$	10,699	$	484	$	-
	4201 Marsh Ln.	Carrollton	TX		130,000	$	12,022	01/2015	11/2022	$	22,146	$	1,009	$	933
	13775 McLearen Rd.	Herndon	VA		132,617	$	10,359	04/2015	07/2020	$	25,443	$	875	$	919
	10475 Crosspoint Blvd.	Indianapolis	IN		141,047	$	11,205	05/2015	10/2019	$	22,591	$	1,129	$	1,168
	100, 120, 140 East Shore Dr.	Glen Allen	VA		222,048	$	18,321	05/2015	Various	$	38,140	$	1,561	$	1,506
	1311 Broadfield Blvd.	Houston	TX		155,040	$	14,431	05/2015	03/2021	$	29,999	$	1,163	$	1,312
	1409 Centerpoint Blvd.	Knoxville	TN		84,404	$	6,658	05/2015	10/2024	$	12,604	$	882	$	824
	2550 Interstate Dr.	Harrisburg	PA		89,350	$	7,792	05/2015	12/2018	$	15,255	$	972	$	917
	2706 Media Center Dr. (3)	Los Angeles	CA		83,252	$	9,760	05/2015	Vacant / 2015	$	18,070	$	115	$	115
	2800 Waterford Lake Dr.	Midlothian	VA		99,057	$	9,055	05/2015	12/2021	$	15,850	$	1,055	$	1,070
	333 Mt. Hope Ave.	Rockaway	NJ		95,500	$	14,900	05/2015	09/2014	$	29,295	$	1,122	$	1,061
	6200 Northwest Pkwy.	San Antonio	TX		142,500	$	11,167	05/2015	11/2017	$	20,813	$	891	$	933
	16676 Northchase Dr.	Houston	TX		101,111	$	11,282	05/2015	07/2014	$	19,369	$	845	$	814
	2500 Patrick Henry Pkwy.	McDonough	GA		111,911	$	11,349	06/2015	06/2015	$	16,000	$	782	$	689
	3711 San Gabriel	Mission	TX		75,016	$	5,371	06/2015	06/2015	$	7,600	$	530	$	426
	4001 International Pkwy.	Carrollton	TX		138,443	$	18,710	07/2015	07/2015	$	30,859	$	1,606	$	1,597
	2529 West Thorne Dr.	Houston	TX		65,500	$	2,203	09/2015	09/2015	$	5,400	$	789	$	326
	10001 Richmond Ave.	Houston	TX		554,385	$	18,161	09/2015	09/2025	$	78,887	$	7,000	$	3,688
Industrial	324 Industrial Park Rd.	Franklin	NC		72,868	$	-	04/2015	12/2014	$	2,300	$	228	$	135
	6938 Elm Valley Dr.	Kalamazoo	MI		150,945	$	15,087	05/2015	10/2021	$	21,970	$	1,014	$	873
	10000 Business Blvd.	Dry Ridge	KY		336,350	$	3,646	07/2015	06/2025	$	15,227	$	673	$	673
	301 Bill Bryan Rd.	Hopkinsville	KY		424,904	$	7,772	07/2015	06/2025	$	19,066	$	844	$	844
	4010 Airpark Dr.	Owensboro	KY		211,598	$	3,163	07/2015	06/2025	$	13,598	$	604	$	604
	730 North Black Branch Rd.	Elizabethtown	KY		167,770	$	2,499	07/2015	06/2025	$	6,055	$	268	$	268
	750 North Black Branch Rd.	Elizabethtown	KY		539,592	$	13,279	07/2015	06/2025	$	32,222	$	1,419	$	1,419

	Total 2015 Mortgage Maturities				4,683,953	$	277,092			$	586,006	$	29,935	$	25,624

Footnotes

(1)

Represents GAAP capitalized costs as of June 30, 2013.

(2)

Property is classified as a capital lease for GAAP, accordingly $497 of GAAP income is included in non-operating income.

(3)

Loan in default as of June 30, 2013.

LEXINGTON REALTY TRUST

2016 Mortgage Maturities by Property Type

6/30/2013

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date	Tenant Lease Expires	Gross Book Value ($000) (1)		Cash Rent as of 6/30/2013 ($000)		GAAP Base Rent as of 6/30/2013 ($000)
Office	1600 Eberhardt Rd.	Temple	TX		108,800	$	7,463	01/2016	01/2016	$	12,161	$	837	$	673
	700 US Hwy. Route 202-206	Bridgewater	NJ		115,558	$	13,825	03/2016	10/2014	$	31,662	$	1,017	$	1,285
	11707 Miracle Hills Dr	Omaha	NE		85,200	$	7,560	04/2016	11/2025	$	13,853	$	583	$	583
	1400 Northeast McWilliams Rd.	Bremerton	WA		60,200	$	5,479	04/2016	07/2016	$	9,906	$	608	$	608
	2005 East Technology Circle	Tempe	AZ		60,000	$	7,140	04/2016	12/2025	$	12,199	$	564	$	564
	850-950 Warrenville Rd	Lisle	IL		99,414	$	9,377	06/2016	2014/2019	$	17,388	$	797	$	852
	11511 Luna Rd	Farmers Branch	TX		180,507	$	18,363	07/2016	04/2016	$	29,984	$	1,177	$	1,594
	180 South Clinton St	Rochester	NY		226,000	$	16,765	08/2016	12/2014	$	30,880	$	1,505	$	1,502
Industrial	459 Wingo Road	Byhalia	MS		513,734	$	15,000	06/2016	03/2026	$	27,492	$	1,311	$	1,468
	2203 Sherrill Dr	Statesville	NC		639,800	$	12,574	08/2016	12/2017	$	21,266	$	908	$	958
	3686 S. Central Ave. / 749 Southrock Dr	Rockford	IL		240,000	$	6,153	08/2016	2016/2015	$	10,919	$	440	$	401
	2935 Van Vactor Dr.	Plymouth	IN		300,500	$	5,723	09/2016	06/2015	$	9,200	$	411	$	411
	7005 Cochran Road	Glenwillow	OH		458,000	$	15,132	09/2016	07/2025	$	28,665	$	1,020	$	1,126
Specialty	25500 State Hwy. 249	Tomball	TX		77,076	$	8,041	11/2016	08/2026	$	15,776	$	695	$	707

	Total 2016 Mortgage Maturities				3,164,789	$	148,595			$	271,351	$	11,873	$	12,732

Footnotes

(1)

Represents GAAP capitalized cost at June 30, 2013.

LEXINGTON REALTY TRUST

2017 Mortgage Maturities by Property Type

6/30/2013

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date	Tenant Lease Expires	Gross Book Value ($000) (1)		Cash Rent as of 6/30/2013 ($000)		GAAP Base Rent as of 6/30/2013 ($000)
Office	104 & 110 South Front St.	Memphis	TN		37,229	$	3,484	01/2017	10/2016	$	5,586	$	259	$	251
	9200 South Park Center Loop	Orlando	FL		59,927	$	9,309	02/2017	09/2020	$	14,925	$	459	$	465
	500 Kinetic Drive	Huntington	WV		68,693	$	6,500	02/2017	11/2026	$	12,558	$	605	$	672
Industrial	7500 Chavenelle Rd.	Dubuque	IA		330,988	$	8,725	06/2017	06/2017	$	11,660	$	608	$	582
	5001 Greenwood Rd.	Shreveport	LA		646,000	$	19,000	07/2017	10/2026	$	26,678	$	1,023	$	1,083
	1420 Greenwood Rd.	McDonough	GA		296,972	$	21,651	11/2017	10/2017	$	30,897	$	1,361	$	1,298

	Total 2017 Mortgage Maturities				1,439,809	$	68,669			$	102,304	$	4,315	$	4,351

Footnotes

(1)

Represents GAAP capitalized cost at June 30, 2013.

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

6/30/2013

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity ^(a)	Current Estimated Annual Debt Service ($000)^(d)		Balloon Payment ($000)
Fort Myers, FL	(i)(m)	$	8,585		5.268	%	07/2013	$	-	$	8,585
Colorado Springs, CO	(i)		10,131		6.250	%	08/2013		-		10,131
Atlanta, GA	(i)		40,356		5.268	%	08/2013		-		40,356
Philadelphia, PA	(e)		44,440		5.060	%	07/2014		3,178		43,520
Issaquah, WA	(b)		30,883		5.665	%	12/2014		2,113		30,388
Canonsburg, PA	(b)		9,089		5.426	%	12/2014		489		9,095
Chicago, IL	(b)		29,656		5.639	%	01/2015		1,548		29,900
Greenville, SC			9,000		5.500	%	01/2015		495		9,000
Carrollton, TX			12,493		5.530	%	01/2015		993		12,022
Herndon, VA	(b)		10,808		5.885	%	04/2015		888		10,359
Franklin, NC			438		8.500	%	04/2015		271		-
Kalamazoo, MI			16,195		5.411	%	05/2015		1,189		15,087
Glen Allen, VA	(b)		18,827		5.377	%	05/2015		1,292		18,321
Houston, TX			15,057		5.160	%	05/2015		1,114		14,431
Rockaway, NJ			14,900		5.292	%	05/2015		799		14,900
Houston, TX			11,768		5.210	%	05/2015		874		11,282
Indianapolis, IN			11,691		5.160	%	05/2015		865		11,205
San Antonio, TX			11,617		5.340	%	05/2015		875		11,167
Los Angeles, CA	(i)		10,281		5.110	%	05/2015		750		9,760
Midlothian, VA			9,439		5.310	%	05/2015		708		9,055
Harrisburg, PA			8,133		5.110	%	05/2015		599		7,792
Knoxville, TN			6,940		5.310	%	05/2015		520		6,658
McDonough, GA			11,779		5.212	%	06/2015		836		11,349
Mission, TX			5,637		5.783	%	06/2015		462		5,371
Carrollton, TX	(b)		19,262		5.725	%	07/2015		1,382		18,710
Elizabethtown, KY	(j)		13,923		4.990	%	07/2015		1,039		13,279
Hopkinsville, KY			8,149		4.990	%	07/2015		608		7,772
Dry Ridge, KY	(n)		3,823		4.990	%	07/2015		285		3,646
Owensboro, KY	(n)		3,316		4.990	%	07/2015		248		3,163
Elizabethtown, KY	(j)		2,620		4.990	%	07/2015		196		2,499
Houston, TX	(b)		29,933		6.250	%	09/2015		8,404		18,161
Houston, TX			3,453		8.036	%	09/2015		952		2,203
Temple, TX			8,442		6.090	%	01/2016		668		7,463
Bridgewater, NJ			14,374		5.732	%	03/2016		1,035		13,825
Omaha, NE			8,030		5.610	%	04/2016		621		7,560
Bremerton, WA			6,340		6.090	%	04/2016		494		5,479
Tempe, AZ			7,584		5.610	%	04/2016		586		7,140
Byhalia, MS			15,000		4.710	%	06/2016		707		15,000
Lisle, IL			9,839		6.500	%	06/2016		793		9,377
Farmers Branch, TX	(b)		18,447		5.939	%	07/2016		1,136		18,363
Rochester, NY	(f)		17,679		6.210	%	08/2016		1,383		16,765
Statesville, NC	(f)		13,260		6.210	%	08/2016		1,037		12,574
Rockford, IL	(f)		6,489		6.210	%	08/2016		508		6,153
Glenwillow, OH			15,967		6.130	%	09/2016		1,240		15,132
Plymouth, IN			6,085		6.315	%	09/2016		497		5,723
Tomball, TX			9,283		6.063	%	11/2016		683		8,041
Memphis, TN			3,711		5.710	%	01/2017		275		3,484
Huntington, WV			6,500		4.150	%	02/2017		270		6,500
Orlando, FL			9,800		5.722	%	02/2017		696		9,309
Dubuque, IA			9,623		5.402	%	06/2017		733		8,725
Shreveport, LA			19,000		5.690	%	07/2017		1,096		19,000
McDonough, GA			22,910		6.110	%	11/2017		1,674		21,651
Lorain, OH	(b)		1,219		7.750	%	07/2018		108		-
Manteca, CA	(b)		861		7.750	%	07/2018		77		-

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

6/30/2013

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity ^(a)	Current Estimated Annual Debt Service ($000)^(d)		Balloon Payment ($000)
Watertown, NY	(b)		810		7.750	%	07/2018		72		-
Lewisburg, WV	(b)		569		7.750	%	07/2018		51		-
San Diego, CA	(b)		549		7.750	%	07/2018		49		-
Galesburg, IL	(b)		483		7.750	%	07/2018		43		-
Erwin, NY			8,885		5.910	%	10/2018		728		6,637
Boston, MA			12,871		6.100	%	12/2018		996		11,520
North Berwick, ME			8,061		3.560	%	04/2019		1,532		-
Overland Park, KS	(b)		35,564		5.891	%	05/2019		2,657		31,867
Kansas City, MO	(b)		16,959		5.883	%	05/2019		1,268		15,182
Meridian, ID			10,355		6.010	%	08/2019		753		7,675
Streetsboro, OH	(b)		18,360		5.749	%	09/2019		1,344		16,338
Lenexa, KS			10,414		6.270	%	12/2019		774		7,770
Boca Raton, FL			20,209		6.470	%	02/2020		1,542		18,414
Oakland, ME			9,337		5.930	%	10/2020		750		7,660
Lavonia, GA			8,389		5.460	%	12/2020		741		5,895
Wall, NJ	(b)		22,791		6.250	%	01/2021		3,312		-
Charleston, SC			7,350		5.850	%	02/2021		466		6,632
Whippany, NJ			14,780		6.298	%	11/2021		1,344		10,400
Baltimore, MD			55,000		4.320	%	06/2023		2,376		47,676
Palo Alto, CA			58,838		3.970	%	12/2023		5,165		-
Chester, SC			10,295		5.380	%	08/2025		1,144		362
Lenexa, KS			40,000		3.700	%	11/2027		2,382		10,000
Remaining ^(l)		$	1,043,934		5.428	%	4.4	$	79,778	$	840,459

Corporate (k)
Term Loan		$	64,000		2.079	%	02/2018	$	1,349	$	64,000
Term Loan			255,000		3.173	%	01/2019		8,204		255,000
Senior Notes	(h)		250,000		4.250	%	06/2023		10,625		250,000
Convertible Notes	(o)(c)		41,146		6.000	%	01/2030		2,469		41,146
Trust Preferred Notes	(g)		129,120		6.804	%	04/2037		8,785		129,120
Subtotal/Wtg. Avg./Years Remaining ^(l)		$	739,266		4.234	%	10.0	$	31,432	$	739,266
Total/Wtg. Avg./Years Remaining ^(l)		$	1,783,200		4.933	%	6.7	$	111,210	$	1,579,725

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)

Represents full payable of notes; discount of $2,480 excluded from balance. Subsequent to 6/30/2013, $12,155 of notes converted to 1.8 million common shares.

(d)

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

(e)

Lexington has an 80.5% interest in this property.

(f)

Properties are cross-collateralized.

(g)

Rate fixed through 04/2017; thereafter, LIBOR plus 170 bps.

(h)

Represents full payable of notes; discount of $2,415 excluded from balance.

(i)

Loan is in default as of 6/30/2013.

(j)

Properties are cross-collateralized.

(k)

Unsecured.

(l)

Total shown may differ from detailed amounts due to rounding.

(m)

Debt satisfied subsequent to 6/30/2013.

(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.

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

6/30/2013

Joint Venture	Debt Balance ($000)		LXP Proportionate Share ($000) ⁽³⁾		Interest Rate (%)			Maturity		Current Estimated Annual Debt Service ($000)		Balloon Payment ($000)		Proportionate Share Balloon Payment ($000) ⁽³⁾
Oklahoma TIC	$	14,109	$	5,644		5.240	%		05/2015	$	976	$	13,673	$	5,469
One Summit		9,474	$	2,843		9.375	%		10/2016		3,344		-		-
One Summit		6,392	$	1,918		10.625	%		11/2016		2,239		-		-
Rehab Humble Lessee		15,006	$	2,251		4.700	%		05/2017		950		13,982		2,097
Gan Palm Beach Lessee		15,160	$	3,790		3.700	%		03/2018		842		13,768		3,442
Total/Wtg. Avg. ⁽¹⁾/Years Remaining ⁽²⁾	$	60,141	$	16,446		6.15	%		3.2	$	8,351	$	41,423	$	11,008

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.

LEXINGTON REALTY TRUST

Partnership Interests

Six months ended June 30, 2013

($000)

Noncontrolling Interest Properties - Partners' Proportionate Share (1)

EBITDA	$	394
Interest expense	$	256
Depreciation and amortization	$	413

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

EBITDA	$	2,341
Interest expense	$	504

Footnotes

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

LEXINGTON REALTY TRUST

Selected Balance Sheet and Income Statement Account Data

6/30/2013

($000)

Balance Sheet

Other assets	$	38,566

The components of other assets are:

Deposits	$	395
Build-to-suit deposit		1,191
Investments- capital lease		10,699
Equipment		435
Prepaids		4,054
Other receivables		969
Deferred tax asset		768
Deferred lease incentives		16,004
Interest rate swap derivative asset		3,912
Other		139

Accounts payable and other liabilities	$	56,891

The components of accounts payable and other liabilities are:

Accounts payable and accrued expenses	$	11,747
CIP accruals and other		7,544
Taxes		377
Deferred lease and loan costs		13,861
Subordinated notes		2,397
Deposits		1,837
Escrows		1,879
Transaction / build-to-suit costs		17,249

Income Statement - Six months ended June 30, 2013

Non-cash interest expense, net	$	503

LEXINGTON REALTY TRUST

Select Credit Metrics

	6/30/2012			6/30/2013

Company FFO Payout Ratio		52.1	%		60.0	%

Unencumbered Assets (1)(2)	$	1.38 billion		$	2.46 billion

Unencumbered NOI (1)		31.2	%		55.0	%

Debt + Preferred / Gross Assets		48.6	%		40.4	%

Debt/Gross Assets		42.5	%		38.3	%

Market Cap Leverage		52.1	%		40.3	%

Secured Debt / Gross Assets (1)		30.7	%		22.4	%

Net Debt / EBITDA		5.8	x		5.8	x

Net Debt + Preferred / EBITDA		6.6	x		6.1	x

Credit Facilities Availability	$	270.3 million		$	578.4 million

Development / Gross Assets		1.8	%		0.7	%

EBITDA / Revenue		80.8	%		78.3	%

EBITDA / PrefDiv + Interest Expense		2.5	x		3.0	x

JV + Advisory Income / Revenues		6.4	%		0.3	%

Footnotes

(1)

Revolving credit facility and term loans are currently unsecured; accordingly, 6/30/2012 amounts reflect such borrowings as unsecured.

(2)

Includes loans receivable.

LEXINGTON REALTY TRUST

Historical Credit Metrics Summary

	2008			2009			2010			2011			2012

Company FFO Payout Ratio		74.5	%		49.6	%		43.2	%		48.5	%		56.1	%

Unencumbered Assets (1)(2)	$	1.18 billion		$	1.36 billion		$	1.49 billion		$	1.15 billion		$	1.76 billion

Unencumbered NOI (1)		27.3	%		21.0	%		22.9	%		25.9	%		34.8	%

Debt + Preferred / Gross Assets		56.9	%		54.5	%		49.4	%		48.7	%		46.6	%

Debt/Gross Assets		49.4	%		46.9	%		41.5	%		40.9	%		41.1	%

Market Cap Leverage		72.9	%		65.3	%		53.7	%		52.5	%		46.6	%

Secured Debt / Gross Assets (1)		37.0	%		36.8	%		33.0	%		31.9	%		30.9	%

Net Debt / EBITDA		5.4	x		6.1	x		5.6	x		5.5	x		6.5	x

Net Debt + Preferred / EBITDA		6.3	x		7.1	x		6.7	x		6.6	x		7.3	x

Credit Facilities Availability	$	173.3 million		$	96.6 million		$	215.9 million		$	294.3 million		$	296.3 million

Development / Gross Assets		0.5	%		0.3	%		0.7	%		0.9	%		1.6	%

EBITDA / Revenue		92.6	%		81.4	%		80.1	%		77.0	%		76.5	%

EBITDA / PrefDiv + Interest Expense		2.4	x		2.2	x		2.2	x		2.3	x		2.4	x

JV + Advisory Income or (loss) / Revenues		N/A			N/A			5.9	%		8.5	%		4.4	%

Capital Raised (Retired), net (millions):

Common equity, net	$	30.2		$	20.0		$	166.7		$	99.7		$	162.7

Preferred equity, net	$	(7.5	)	$	0.0		$	0.0		$	(15.5	)	$	(70.0	)

Unsecured debt, gross (1)	$	(119.0	)	$	46.0		$	82.5		$	0.0		$	190.4

Secured debt, gross	$	(293.5	)	$	(291.9	)	$	(305.3	)	$	(121.3	)	$	(198.3	)

Property dispositions net proceeds	$	334.2		$	113.1		$	80.2		$	124.0		$	155.2

Footnotes:

(1)

Revolving credit facility and term loans are currently unsecured thus all periods reflect such borrowings as unsecured.

(2)

Includes loans receivable.

LEXINGTON REALTY TRUST

Other Data

6/30/2013

($000)

Base Rent Estimates for Current Assets

Year	Cash ⁽¹⁾		GAAP ⁽¹⁾
2013 - remaining	$	165,956	$	178,556
2014	$	339,233	$	344,246
2015	$	301,794	$	303,808
2016	$	269,773	$	270,965
2017	$	244,051	$	243,164

Other Revenue Data

	GAAP Base Rent as of 6/30/13 (2)		6/30/13 Percentage			6/30/12 Percentage
Asset Class
Office	$	79,047		44.2	%		56.7	%
Long-term leases⁽³⁾	$	54,322		30.4	%		17.3	%
Industrial	$	27,489		15.4	%		14.8	%
Multi-tenant	$	13,323		7.5	%		7.8	%
Retail/Specialty	$	4,535		2.5	%		3.4	%
	$	178,716		100.0	%		100.0	%

Credit Ratings ⁽⁴⁾
Investment Grade	$	85,311		47.7	%		49.3	%
Non-Investment Grade	$	25,174		14.1	%		15.2	%
Unrated	$	68,231		38.2	%		35.5	%
	$	178,716		100.0	%		100.0	%

Same-Store NOI ⁽⁵⁾⁽⁶⁾

	Six months ended June 30
	2013			2012
Total Base Rent	$	141,617		$	142,595
Tenant Reimbursements		14,757			14,225
Property Operating Expenses		(29,603	)		(26,856	)
Same-Store NOI	$	126,771		$	129,964

Change in Same-Store NOI		(2.5	)%

Weighted-Average Lease Term

		As of 6/30/13			As of 6/30/12
		7.7 years			6.5 years

Footnotes

(1)

Amounts assume (1) lease terms for non-cancellable periods only and (2) no new or renegotiated leases are entered into after 6/30/2013.

(2)

Six months ended 6/30/2013 GAAP base rent recognized for consolidated properties owned as of 6/30/2013.

(3)

Long-term leases are defined as leases having a term of ten years or longer.

(4)

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

(5)

NOI is on a consolidated cash basis.

(6)

Excludes properties acquired and sold in 2013 and 2012.

LEXINGTON REALTY TRUST

Top 20 Markets

6/30/2013

	Core Based Statistical Area ⁽²⁾	Percent of GAAP Base Rent as of 6/30/13 (1)
1	Dallas-Fort Worth-Arlington, TX		8.2	%
2	Houston-Sugar Land-Baytown, TX		5.8	%
3	Baltimore-Towson, MD		4.6	%
4	Memphis, TN-MS-AR		4.5	%
5	Phoenix-Mesa-Scottsdale, AZ		4.2	%
6	New York-Northern New Jersey-Long Island, NY-NJ-PA		4.1	%
7	Kansas City, MO-KS		4.1	%
8	Orlando-Kissimmee, FL		3.6	%
9	Boston-Cambridge-Quincy, MA-NH		2.9	%
10	Los Angeles-Long Beach-Santa Ana, CA		2.8	%
11	Atlanta-Sandy Springs-Marietta, GA		2.4	%
12	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2.3	%
13	Columbus, OH		2.1	%
14	Chicago-Naperville-Joliet, IL-IN-WI		1.9	%
15	Detroit-Warren-Livonia, MI		1.8	%
16	San Jose-Sunnyvale-Santa Clara, CA		1.8	%
17	Denver-Aurora, CO		1.8	%
18	Indianapolis-Carmel, IN		1.7	%
19	Charlotte-Gastonia-Concord, NC-SC		1.6	%
20	San Antonio, TX		1.5	%
	Total Top 20 Markets ⁽³⁾		63.5	%

Footnotes

(1)

Six months ended 6/30/2013 GAAP base rent recognized for consolidated properties owned as of 6/30/2013.

(2)

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

(3)

Total shown may differ from detailed amounts due to rounding.

LEXINGTON REALTY TRUST

Tenant Industry Diversification

6/30/2013

Industry Category	Percent of GAAP Base Rent as of 6/30/2013 (1) (2)
Finance/Insurance		13.7	%
Technology		11.3	%
Service		9.5	%
Automotive		8.8	%
Energy		8.6	%
Consumer Products		7.5	%
Transportation/Logistics		7.4	%
Healthcare		5.7	%
Telecommunications		5.1	%
Construction/Materials		3.7	%
Food		3.4	%
Media/Advertising		3.1	%
Aerospace/Defense		2.8	%
Printing/Production		2.4	%
Apparel		1.7	%
Education		1.6	%
Retail Department		1.5	%
Retail Specialty		1.2	%
Real Estate		0.9	%
Retail Electronics		0.1	%
		100.0	%

Footnotes

(1)

Six months ended 6/30/2013 GAAP base rent recognized for consolidated properties owned as of 6/30/2013.

(2)

Total shown may differ from detailed amounts due to rounding.

LEXINGTON REALTY TRUST

Top 10 Tenants or Guarantors

6/30/2013

Tenants or Guarantors	Number of Leases	Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			GAAP Base Rent as of 6/30/2013 ($000) (1)		Percent of GAAP Base Rent as of 6/30/2013 ($000) (1) (2)
Federal Express Corporation	3		787,829		1.9	%	$	5,466		3.1	%
Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	7		2,053,359		5.0	%	$	5,023		2.8	%
US Government	2		329,229		0.8	%	$	4,761		2.7	%
Bank of America, National Association	8		691,893		1.7	%	$	4,702		2.6	%
Baker Hughes, Inc.	2		619,885		1.5	%	$	4,014		2.2	%
Swiss Re America Holding Corporation / Westport Insurance Corporation	2		476,123		1.2	%	$	3,602		2.0	%
Morgan, Lewis & Bockius LLP (3)	1		289,432		0.7	%	$	3,403		1.9	%
Xerox Corporation	1		202,000		0.5	%	$	3,229		1.8	%
Invensys Systems, Inc. (Siebe, Inc.)	2		416,613		1.0	%	$	3,098		1.7	%
T-Mobile USA, Inc.	5		386,078		0.9	%	$	2,857		1.6	%
	33		6,252,441		15.3	%	$	40,155		22.5	%

Footnotes

(1)

Six months ended 6/30/2013 GAAP base rent recognized for consolidated properties owned as of 6/30/2013.

(2)

Total shown may differ from detailed amounts due to rounding.

(3)

Includes parking operations. Lexington has an 80.5% interest in this property.

Investor Information

*Transfer Agent*

Computershare		Overnight Correspondence:
PO Box 43006		250 Royall Street
Providence, RI 02940-3006		Canton, MA 02021
(800) 850-3948
www-us.computershare.com/investor

*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		KeyBanc Capital Markets Inc.
James Feldman	(646) 855-5808	Craig Mailman	(917) 368-2316

Barclays Capital		Ladenburg Thalmann & Co., Inc.
Ross L. Smotrich	(212) 526-2306	Daniel P. Donlan	(212) 409-2056

Evercore Partners		Stifel Nicolaus
Sheila K. McGrath	(212) 497-0882	John W. Guinee	(443) 224-1307

J.P. Morgan Chase		Wells Fargo Securities, LLC
Anthony Paolone	(212) 622-6682	Todd J. Stender	(212) 214-8067

Jeffries & Company, Inc.
Omotayo Okusanya	(212) 336-7076

Attached files

Stock widget

Investing forum

LEXINGTON REALTY TRUST Reports