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

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8-K - FORM 8-K - LEXINGTON REALTY TRUST	v439008_8-k.htm
EX-99.2 - EXHIBIT 99.2 - LEXINGTON REALTY TRUST	v439008_ex99-2.htm

Exhibit 99.1

Quarterly Earnings and

Supplemental Operating and Financial Data

March 31, 2016

LEXINGTON REALTY TRUST

SUPPLEMENTAL REPORTING PACKAGE

March 31, 2016

Table of Contents

Section		Page

First Quarter 2016 Earnings Press Release		3

Portfolio Data
2016 First Quarter Investment/Capital Recycling Summary		13
Build-To-Suit Projects		14
2016 First Quarter Financing Summary		15
2016 First Quarter Leasing Summary		16
Other Revenue Data		17
Portfolio Detail By Asset Class		19
Portfolio Composition		20
Components of Net Asset Value		21
Top Markets		22
Single-Tenant Office Markets		23
Tenant Industry Diversification		24
Top 10 Tenants or Guarantors		25
Lease Rollover Schedules – GAAP Basis		26
Property Leases and Vacancies – Consolidated Portfolio		28
Select Credit Metrics Summary		36
Historical Credit Metrics Summary		37
Financial Covenants		38
Mortgages and Notes Payable		39
Debt Maturity Schedule		42
Mortgage Loans Receivable		43
Partnership Interests		44
Selected Balance Sheet and Income Statement Account Data		45
Investor Information		46

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 for the year ending December 31, 2016, (3) the successful consummation of any lease, acquisition, build-to-suit, disposition, financing 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,” “goal,” “objective” 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.

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

FOR IMMEDIATE RELEASE

LEXINGTON REALTY TRUST REPORTS FIRST QUARTER 2016 RESULTS

New York, NY - Thursday, May 5, 2016 - Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the first quarter ended March 31, 2016.

First Quarter 2016 Highlights

•

Generated Company Funds From Operations (“Company FFO”) of $72.1 million, or $0.30 per diluted common share.

•

Disposed of three properties and a non-consolidated investment in an office property for aggregate gross disposition proceeds of $64.9 million.

•

Acquired an industrial property in Detroit, Michigan for $29.7 million.

•

Invested $33.7 million in on-going build-to-suit projects.

•

Completed 1.7 million square feet of new leases and lease extensions with overall portfolio 96.7% leased at quarter end.

•

Obtained $57.5 million 15-year non-recourse financing, which bears interest at a 5.2% fixed rate and is secured by the Richmond, Virginia property.

•

Retired $8.3 million of secured debt and $30.0 million of credit facility borrowings.

•

Repurchased 1.2 million common shares at an average price of $7.56 per share.

Subsequent Events

•

Entered into an agreement to fund the construction of an industrial facility in Opelika, Alabama for a maximum commitment of $37.0 million. Upon completion, the property will be net leased for a 25-year term.

•

Disposed of 15 W. 45th Street land investment for gross proceeds of $37.5 million and an office property for gross proceeds of $19.0 million.

T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated “We had an excellent first quarter with increased revenues and strong Company FFO of $0.30 per share. Our disposition program is fully underway, and during the quarter we sold approximately $58 million of consolidated properties at an average cap rate of 6.5% and we just announced the $37.5 million sale of our West 45th Street land investment at a 4.1% cap rate. Our overall portfolio was 96.7% leased with elevated leasing volume of 1.7 million square feet including some significant 2016 and 2017 lease renewals. Given a strong first quarter and our expectations for the remainder of the year, we are tightening our 2016 Company FFO guidance to an expected range of $1.03-$1.08 per share.”

Mr. Eglin added, “Looking ahead, we are making good progress with our sales program and the execution of our plan is expected to reduce leverage, generate strong cash flows in relation to our dividend and share price, and improve the overall quality of our portfolio.”

FINANCIAL RESULTS

Revenues

For the quarter ended March 31, 2016, total gross revenues were $111.6 million, a 3.0% increase compared with total gross revenues of $108.4 million for the quarter ended March 31, 2015. The increase is primarily attributable to revenue generated from property acquisitions and new leases signed, offset by 2015 and 2016 property sales and lease expirations.

Company FFO

For the quarter ended March 31, 2016, Lexington generated Company FFO of $72.1 million, or $0.30 per diluted share, compared to Company FFO for the quarter ended March 31, 2015 of $64.5 million, or $0.26 per diluted share. The calculation of Company FFO and a reconciliation to net income attributable to common shareholders is included later in this press release.

Dividends/Distributions

Lexington declared a regular quarterly common share/unit dividend/distribution for the quarter ended March 31, 2016 of $0.17 per common share/unit, which was paid on April 15, 2016 to common shareholders/unitholders of record as of March 31, 2016. Lexington also declared a dividend of $0.8125 per share on its Series C Cumulative Convertible Preferred Stock (“Series C Preferred Shares”), which is payable on August 15, 2016 to Series C Preferred Shareholders of record as of July 29, 2016.

Net Income Attributable to Common Shareholders

For the quarter ended March 31, 2016, net income attributable to common shareholders was $48.1 million, or $0.21 per diluted share, compared with net income attributable to common shareholders for the quarter ended March 31, 2015 of $31.8 million, or $0.14 per diluted share.

OPERATING ACTIVITIES

During the quarter, Lexington acquired the following property:

ACQUISITIONS
Tenant	Location	Property Type	Initial Basis ($000)		Initial Annualized Cash Rent ($000)		Initial Cash Yield			Estimated GAAP Yield			Approximate Lease Term (Yrs)
FCA US LLC (f/k/a Chrysler Group LLC)	Detroit, MI	Industrial	$	29,697	$	2,204		7.4	%		7.4	%		20

During the quarter, Lexington funded $33.7 million of the projected costs of the following projects:

ON-GOING BUILD-TO-SUIT PROJECTS
Location	Sq. Ft.		Property Type	Lease Term (Years)	Maximum Commitment/ Estimated Completion Cost ($000)		GAAP Investment Balance as of 3/31/2016 ($000)		Estimated Acquisition/ Completion Date	Estimated Initial Cash Yield			Estimated GAAP Yield
Anderson, SC		1,325,000	Industrial	20	$	70,012	$	37,051	2Q 16		5.9	%		7.3	%
Lake Jackson, TX		664,000	Office	20		166,164		63,278	4Q 16		7.3	%		8.9	%
Charlotte, NC		201,000	Office	15		62,445		14,968	1Q 17		8.3	%		9.5	%
Houston, TX⁽¹⁾		274,000	Retail/Specialty	20		86,491		53,536	3Q 16		7.5	%		7.5	%
		2,464,000			$	385,112	$	168,833

(1)

Lexington has a 25% interest as of March 31, 2016. Lexington is providing construction financing up to $56.7 million to the joint venture of which $23.6 million has been funded as of March 31, 2016. Lease contains annual CPI increases.

Subsequent to March 31, 2016, Lexington entered into an agreement to fund the construction of a 165,000 square foot industrial facility in Opelika, Alabama for a maximum cost of $37.0 million (7.05% initial capitalization rate). Upon completion, estimated to be May 2017, the property will be net leased for a 25-year term and the lease provides for 2.0% annual escalations.

During the quarter, Lexington sold the following properties:

PROPERTY DISPOSITIONS

Primary Tenant

Location

Property Type

Gross Sale
Price
($000)

Annualized
NOI⁽¹⁾
($000)

Month of
Disposition

Parkway Chevrolet, Inc.

Tomball, TX

Specialty/ Retail

17,575

⁽²⁾

1,459

February

Multi-Tenant / The Weiss Group, LLC

Palm Beach Gardens, FL

Multi-tenant/
Office

30,050

1,457

March

AT&T Services, Inc.

Harrisburg, PA

Office

10,600

887

March

58,225

3,803

(1)

Quarter prior to sale annualized.

(2)

Mortgage of $8.3 million was satisfied at closing and the gross sale price excludes mortgage defeasance costs of $0.3 million reimbursed by purchaser.

In addition, Lexington disposed of its interest in a non-consolidated investment in an office property in Russellville, Arkansas, receiving $6.7 million in connection with the sale, and sold a vacant land parcel for $0.4 million.

In April 2016, Lexington sold its 15 West 45th Street land investment for gross proceeds of $37.5 million at a 4.1% capitalization rate. The buyer assumed the $29.2 million mortgage in connection with the sale. In May 2016, Lexington sold an office property in Lake Forest, California for gross proceeds of $19.0 million at a 7.9% capitalization rate.

LEASING

As of March 31, 2016, Lexington's portfolio was 96.7% leased, excluding properties subject to secured mortgage loans currently in default.

During the first quarter of 2016, Lexington executed the following new and extended leases:

LEASE EXTENSIONS

Location

Primary Tenant⁽¹⁾

Prior
Term

Lease
Expiration Date

Sq. Ft.

Office

Phoenix

Avnet, Inc.

02/2023

08/2026

176,402

Milford

Siemens Corporation

09/2016

04/2026

221,215

Total office lease extensions

397,617

Industrial/Multi-Tenant

Rockford

Pierce Packaging Co.

12/2016

12/2019

93,000

Antioch

Wirtgen America, Inc.

MTM

12/2016

73,500

Memphis

Sears, Roebuck and Co./Sears Logistic Services

02/2017

02/2027

780,000

Winchester

Kraft Heinz Foods Company

05/2016

05/2021

344,700

Total industrial lease extensions

1,291,200

Total lease extensions

1,688,817

NEW LEASES

Location

Lease
Expiration Date

Sq. Ft.

Office/Multi-Tenant

Honolulu

N/A

QTQ

1,900

Philadelphia

N/A

01/2027

1,975

Charleston

Hagemeyer North America, Inc.

06/2019

20,424

Total new office leases

24,299

TOTAL NEW AND EXTENDED LEASES

1,713,116

(1)

Leases greater than 10,000 square feet.

BALANCE SHEET/CAPITAL MARKETS

In February 2016, Lexington financed its office property in Richmond, Virginia with a $57.5 million non-recourse secured mortgage. The loan bears interest at a fixed rate of 5.2% and matures in 2031.

During 2015, Lexington announced a 10.0 million common share repurchase authorization. In the first quarter of 2016, Lexington repurchased 1,184,113 common shares at an average price of $7.56 per share, bringing the total common shares repurchased under this authorization to 3,400,912 common shares at an average price of $8.04 per share.

2016 EARNINGS GUIDANCE

Lexington is tightening its Company FFO guidance for the year ended March 31, 2016 to an expected range of $1.03 to $1.08 per diluted share from a range of $1.00 to $1.10 per diluted share. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

FIRST QUARTER 2016 CONFERENCE CALL

Lexington will host a conference call today, Thursday, May 5, 2016, at 8:30 a.m. Eastern Time, to discuss its results for the quarter ended March 31, 2016. Interested parties may participate in this conference call by dialing 877-407-0789 or 201-689-8562. A replay of the call will be available through May 19, 2016, at 877-870-5176 or 858-384-5517, pin code for both numbers is 13635173. A live webcast of the conference call will be available at www.lxp.com within the Investors section.

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity and debt investments in single-tenant net-leased commercial properties and land across the United States. Lexington seeks to expand its portfolio through build-to-suit transactions, sale-leaseback transactions and acquisitions. For more information or to follow Lexington on social media, visit www.lxp.com.

Contact:

Investor or Media Inquiries for Lexington Realty Trust:

Heather Gentry, Senior Vice President of Investor Relations

Lexington Realty Trust

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

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 for the year ending December 31, 2016, (3) the successful consummation of any lease, acquisition, build-to-suit, disposition, financing 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,” “goal,” “objective” 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 March 31,
	2016			2015
Gross revenues:
Rental	$	103,559		$	100,016
Tenant reimbursements		8,057			8,426
Total gross revenues		111,616			108,442
Expense applicable to revenues:
Depreciation and amortization		(43,127	)		(40,274	)
Property operating		(12,078	)		(16,582	)
General and administrative		(7,775	)		(7,822	)
Non-operating income		2,867			2,614
Interest and amortization expense		(22,893	)		(23,003	)
Debt satisfaction gains (charges), net		(162	)		10,375
Impairment charges		—			(1,139	)
Gains on sales of properties		17,015			148
Income before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations		45,463			32,759
Provision for income taxes		(413	)		(441	)
Equity in earnings of non-consolidated entities		5,742			366
Income from continuing operations		50,792			32,684
Discontinued operations:
Income from discontinued operations		—			110
Gain on sale of property		—			1,577
Total discontinued operations		—			1,687
Net income		50,792			34,371
Less net income attributable to noncontrolling interests		(1,023	)		(866	)
Net income attributable to Lexington Realty Trust shareholders		49,769			33,505
Dividends attributable to preferred shares – Series C		(1,572	)		(1,572	)
Allocation to participating securities		(90	)		(104	)
Net income attributable to common shareholders	$	48,107		$	31,829
Income per common share – basic:
Income from continuing operations	$	0.21		$	0.13
Income from discontinued operations		—			0.01
Net income attributable to common shareholders	$	0.21		$	0.14
Weighted-average common shares outstanding – basic		232,642,803			232,525,675
Income per common share – diluted:
Income from continuing operations	$	0.21		$	0.13
Income from discontinued operations		—			0.01
Net income attributable to common shareholders	$	0.21		$	0.14
Weighted-average common shares outstanding – diluted		238,885,171			232,957,265
Amounts attributable to common shareholders:
Income from continuing operations	$	48,107		$	30,142
Income from discontinued operations		—			1,687
Net income attributable to common shareholders	$	48,107		$	31,829

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

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

	March 31, 2016			December 31, 2015
Assets:
Real estate, at cost	$	3,773,333		$	3,789,711
Real estate - intangible assets		692,654			692,778
Investments in real estate under construction		115,297			95,402
		4,581,284			4,577,891
Less: accumulated depreciation and amortization		1,201,220			1,179,969
Real estate, net		3,380,064			3,397,922
Assets held for sale		10,147			24,425
Cash and cash equivalents		80,894			93,249
Restricted cash		42,830			10,637
Investment in and advances to non-consolidated entities		44,926			31,054
Deferred expenses, net		39,839			42,000
Loans receivable, net		95,770			95,871
Rent receivable – current		20,094			7,193
Rent receivable – deferred		93,320			87,547
Other assets		18,176			18,505
Total assets	$	3,826,060		$	3,808,403

Liabilities and Equity:
Liabilities:
Mortgages and notes payable, net	$	922,320		$	872,643
Revolving credit facility borrowings		147,000			177,000
Term loans payable, net		500,330			500,076
Senior notes payable, net		493,735			493,526
Convertible guaranteed notes payable, net		12,192			12,126
Trust preferred securities, net		127,021			126,996
Dividends payable		45,673			45,440
Liabilities held for sale		—			8,405
Accounts payable and other liabilities		35,688			41,479
Accrued interest payable		14,746			8,851
Deferred revenue - including below market leases, net		44,026			42,524
Prepaid rent		19,783			16,806
Total liabilities		2,362,514			2,345,872

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
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 235,009,739 and 234,575,225 shares issued and outstanding in 2016 and 2015, respectively		24			23
Additional paid-in-capital		2,773,788			2,776,837
Accumulated distributions in excess of net income		(1,420,554	)		(1,428,908	)
Accumulated other comprehensive loss		(6,564	)		(1,939	)
Total shareholders’ equity		1,440,710			1,440,029
Noncontrolling interests		22,836			22,502
Total equity		1,463,546			1,462,531
Total liabilities and equity	$	3,826,060		$	3,808,403

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

EARNINGS PER SHARE

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

	Three Months Ended March 31,
	2016		2015
EARNINGS PER SHARE:

Basic:
Income from continuing operations attributable to common shareholders	$	48,107	$	30,142
Income from discontinued operations attributable to common shareholders		—		1,687
Net income attributable to common shareholders	$	48,107	$	31,829

Weighted-average number of common shares outstanding		232,642,803		232,525,675

Income per common share:
Income from continuing operations	$	0.21	$	0.13
Income from discontinued operations		—		0.01
Net income attributable to common shareholders	$	0.21	$	0.14

Diluted:
Income from continuing operations attributable to common shareholders - basic	$	48,107	$	30,142
Impact of assumed conversions		1,058		—
Income from continuing operations attributable to common shareholders		49,165		30,142
Income from discontinued operations attributable to common shareholders - basic		—		1,687
Impact of assumed conversions		—		—
Income from discontinued operations attributable to common shareholders		—		1,687
Net income attributable to common shareholders	$	49,165	$	31,829

Weighted-average common shares outstanding - basic		232,642,803		232,525,675
Effect of dilutive securities:
Share options		132,191		431,590
6.00% Convertible Guaranteed Notes		1,941,237		—
Non-vested shares		348,748		—
Operating Partnership Units		3,820,192		—
Weighted-average common shares outstanding		238,885,171		232,957,265

Income per common share:
Income from continuing operations	$	0.21	$	0.13
Income from discontinued operations		—		0.01
Net income attributable to common shareholders	$	0.21	$	0.14

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

COMPANY FUNDS FROM OPERATIONS & FUNDS AVAILABLE FOR DISTRIBUTION

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

	Three Months Ended March 31,
	2016			2015
FUNDS FROM OPERATIONS: ⁽¹⁾
Basic and Diluted:
Net income attributable to common shareholders	$	48,107		$	31,829
Adjustments:
Depreciation and amortization		41,193			38,922
Impairment charges - real estate		—			1,139
Noncontrolling interests - OP units		747			550
Amortization of leasing commissions		1,934			1,352
Joint venture and noncontrolling interest adjustment		236			321
Gains on sales of properties, net of tax, including non-consolidated entities		(22,343	)		(1,725	)
FFO available to common shareholders and unitholders - basic		69,874			72,388
Preferred dividends		1,572			1,572
Interest and amortization on 6.00% Convertible Notes		252			319
Amount allocated to participating securities		90			104
FFO available to common shareholders and unitholders - diluted		71,788			74,383
Debt satisfaction (gains) charges, net		162			(10,375	)
Transaction costs/other		146			468
Company FFO available to common shareholders and unitholders - diluted		72,096			64,476

FUNDS AVAILABLE FOR DISTRIBUTION: ⁽²⁾
Adjustments:
Straight-line rents		(11,139	)		(5,309	)
Lease incentives		423			457
Amortization of below/above market leases		456			(621	)
Lease termination payments, net		(2,749	)		(806	)
Non-cash interest, net		(382	)		(635	)
Non-cash charges, net		2,207			2,256
Tenant improvements		(720	)		(1,081	)
Lease costs		(1,230	)		(1,420	)
Company Funds Available for Distribution	$	58,962		$	57,317

Per Common Share and Unit Amounts
Basic:
FFO	$	0.30		$	0.31

Diluted:
FFO	$	0.29		$	0.30
Company FFO	$	0.30		$	0.26
Company FAD	$	0.24		$	0.23

Weighted-Average Common Shares:
Basic⁽³⁾		236,462,995			236,378,649
Diluted		243,595,741			244,045,197

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 FFO available to common shareholders and unitholders - basic. Lexington also presents FFO available to common shareholders and unitholders - diluted on a company-wide basis as if all securities that are convertible, at the holder's option, into Lexington's common shares, are converted at the beginning of the period. Lexington also presents Company FFO which adjusts 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, Company FFO may not be comparable to similarly titled measures as reported by others. Company FFO should not be considered as an alternative to net income as an indicator of our operating performance or as an alternative to cash flow as a measure of liquidity.

²Company Funds Available for Distribution ("FAD") is calculated by making adjustments to Company FFO for (1) straight-line rent revenue, (2) lease incentive amortization, (3) amortization of above/below market leases, (4) lease termination payments, net, (5) non-cash interest, net, (6) non-cash charges, net, (7) cash paid for tenant improvements, and (8) cash paid for lease costs. 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.

³Includes OP units other than OP units held by Lexington.

# # #

LEXINGTON REALTY TRUST

2016 First Quarter Investment / Capital Recycling Summary

PROPERTY INVESTMENTS

Primary Tenant

Location

Property Type

Initial Basis
($000)

Initial Annualized
Cash Rent ($000)

Initial Cash
Yield

Initial
GAAP
Yield

Month Closed

Primary
Lease
Expiration

FCA US LLC⁽¹⁾

Detroit

Industrial

29,697

2,204

7.4

January

10/2035

TOTAL PROPERTY INVESTMENT

	CAPITAL RECYCLING

	PROPERTY DISPOSITIONS⁽²⁾
	Primary Tenant (Guarantor)	Location		Property Type	Gross Sale Price ($000)		Annualized NOI (3) ($000)		Month of Disposition	% Leased			Gross Sale Price PSF
1	Parkway Chevrolet, Inc. (Jean W. Durdin) ⁽⁴⁾	Tomball	TX	Specialty / Retail	$	17,575	$	1,459	February		100	%	$	228.02
2	Multi-Tenant / The Weiss Group, LLC	Palm Beach Gardens	FL	Multi-Tenant / Office		30,050		1,457	March		100	%		264.61
3	AT&T Services, Inc.	Harrisburg	PA	Office		10,600		887	March		100	%		120.84

3	TOTAL PROPERTY DISPOSITIONS				$	58,225	$	3,803

Footnotes

(1)

Formerly known as Chrysler Group LLC.

(2)

In addition, Lexington received $6.7 million in connection with the sale of a non-consolidated office property in Russellville, Arkansas. Also, Lexington sold a vacant parcel of land for $0.4 million.

(3)

4Q 2015 NOI annualized.

(4)

Gross sale price excludes mortgage defeasance costs of $0.3 million reimbursed by the purchaser.

LEXINGTON REALTY TRUST

BUILD-TO-SUIT PROJECTS

3/31/2016

	BUILD-TO-SUIT PROJECTED CONSTRUCTION FUNDING SCHEDULE (1)
	Location		Sq. Ft		Asset Type	Lease Term (Years)	Maximum Commitment/ Estimated Completion Cost ($000)		Investment balance as of 3/31/16 ($000)		Estimated Cash Investment Next 12 Months ($000)								Estimated Completion/ Acquisition Date	Estimated Initial Cash Yield			Estimated GAAP Yield
											Q2 2016		Q3 2016		Q3 2016		Q1 2017
1	Anderson	SC		1,325,000	Industrial	20	$	70,012	$	37,051	$	27,226	$	-	$	-	$	-	2Q16		5.9	%		7.3	%
2	Lake Jackson	TX		664,000	Office	20		166,164		63,278		20,000		60,000		20,000		-	4Q 16		7.3	%		8.9	%
3	Charlotte	NC		201,000	Office	15		62,445		14,968		10,700		12,155		12,155		12,155	1Q 17		8.3	%		9.5	%

3	TOTAL CONSOLIDATED BUILD-TO-SUIT PROJECTS (2)						$	298,621	$	115,297	$	57,926	$	72,155	$	32,155	$	12,155

1	Houston (3)	TX		274,000	Retail/Specialty	20	$	86,491	$	53,536	$	15,098	$	15,098	$	-	$	-	3Q 16		7.5	%		7.5	%

1	TOTAL NON-CONSOLIDATED BUILD-TO-SUIT PROJECTS						$	86,491	$	53,536	$	15,098	$	15,098	$	-	$	-

4	TOTAL BUILD-TO-SUIT PROJECTS						$	385,112	$	168,833	$	73,024	$	87,253	$	32,155	$	12,155

BUILD-TO-SUIT NOI (4)
	2011		2012		2013		2014		2015		1Q 2016
Net operating income ($000)	$	1,156	$	5,268	$	11,920	$	21,438	$	27,462	$	9,359

Footnotes

(1)

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 or, if completed, will perform to Lexington's expectations.

(2)

Investment balance in accordance with GAAP included in investment in real estate under construction. Aggregate equity invested is $118.8 million.

(3)

Lexington has a 25% interest as of March 31, 2016. Lexington is providing construction financing up to $56.7 million to the joint venture, of which $23.6 million has been funded as of March 31, 2016. Estimated cash investments for the next 12 months are Lexington's estimated loan amounts. Lease contains annual CPI increases.

(4)

Net operating income generated from completed build-to-suit projects funded by Lexington beginning in 2010.

LEXINGTON REALTY TRUST

2016 First Quarter Financing Summary

DEBT RETIRED

Location

Tenant (Guarantor)

Property Type

Face / Satisfaction
($000)

Fixed Rate

Maturity Date

Consolidated Mortgage Debt:

Tomball, Texas

Parkway Chevrolet, Inc. (Jean W. Durdin)

Specialty / Retail

8,274

6.06

11/2016

PROPERTY LEVEL FINANCING

Location

Primary Tenant

Property Type

Face
($000)

Fixed Rate

Maturity Date

Richmond, Virginia

McGuireWoods LLP

Office

57,500

5.19

02/2031

CORPORATE LEVEL DEBT

Quarterly Activity, Net ($000)

Revolving Credit Facility

$30,000 repayment

LEXINGTON REALTY TRUST

2016 First Quarter Leasing Summary

	LEASE EXTENSIONS

	Tenant	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
1	Avnet, Inc.	Phoenix	AZ	02/2023	08/2026		176,402	$	2,690	$	2,203	$	2,672	$	2,697
2	Siemens Corporation	Milford	OH	09/2016	04/2026		221,215		2,455		2,486		2,682		2,318

2	Total office lease extensions						397,617	$	5,145	$	4,689	$	5,354	$	5,015

	Industrial / Multi-Tenant
1	Pierce Packaging Co.	Rockford	IL	12/2016	12/2019		93,000	$	312	$	307	$	312	$	307
2	Wirtgen America, Inc.	Antioch	TN	MTM	12/2016		73,500		210		201		210		201
3	Sears, Roebuck and Co. / Sears Logistics Services	Memphis	TN	02/2017	02/2027		780,000		1,592		1,592		1,694		1,694
4	Kraft Heinz Foods Company	Winchester	VA	05/2016	05/2021		344,700		1,362		1,306		1,421		1,289

4	Total industrial lease extensions						1,291,200	$	3,476	$	3,406	$	3,637	$	3,491

6	TOTAL EXTENDED LEASES						1,688,817	$	8,621	$	8,095	$	8,991	$	8,506


	NEW LEASES
	Tenant	Location		Lease Expiration Date	Sq. Ft.		New Cash Rent Per Annum ($000)(1)		New GAAP Rent Per Annum ($000)(1)
	Office / Multi-Tenant Office
1	Wayne Sadoyama	Honolulu	HI	QTQ		1,900	$	36	$	36
2	Drybar Holdings LLC	Philadelphia	PA	01/2027		1,975		103		103
3	Hagemeyer North America, Inc.	Charleston	SC	06/2019		20,424		378		378

3	TOTAL NEW LEASES					24,299	$	517	$	517

9	TOTAL NEW AND EXTENDED LEASES					1,713,116	$	9,138	$	9,508

LEASE NON-RENEWALS (2)

Tenant (Guarantor)

Location

Lease
Expiration
Date

Sq. Ft.

2015
Cash Rent
($000)

2015
GAAP Rent
($000)

Office

Nextel of Texas, Inc. (Nextel Finance Company) ⁽³⁾

Temple

01/2016

54,683

842

451

TOTAL LEASE NON-RENEWAL

Footnotes

(1)

Assumes three months rent from the later of 4/1/16 or full lease commencement/extension, excluding free rent periods as applicable.

(2)

Excludes non-renewal space that was leased to new tenants.Excludes multi-tenant properties.

(3)

Property subject to non-recourse mortgage debt of $7.5 million currently in default.

LEXINGTON REALTY TRUST

Other Revenue Data

3/31/2016

($000)

Other Revenue Data

	GAAP Rent
Asset Class	Three months ended
	3/31/16 (1)		3/31/16 Percentage			3/31/15 Percentage
Office	$	51,557		50.3	%		50.9	%
Industrial		31,095		30.4	%		24.0	%
Land / Infrastructure		15,515		15.1	%		15.3	%
Multi-tenant		1,850		1.8	%		6.3	%
Retail/Specialty		2,432		2.4	%		3.5	%
	$	102,449		100.0	%		100.0	%

	GAAP Rent
Credit Ratings ⁽²⁾	Three months ended
	3/31/16 (1)		3/31/16 Percentage			3/31/15 Percentage
Investment Grade	$	33,554		32.8	%		36.9	%
Non-Investment Grade		14,975		14.6	%		14.0	%
Unrated		53,920		52.6	%		49.1	%
	$	102,449		100.0	%		100.0	%

Rent Estimates for Current Assets
	Year	Cash ⁽⁴⁾		GAAP ⁽⁴⁾		Projected Straight-line / GAAP Rent Adjustment
	2016 - remaining	$	266,532	$	299,663	$	(33,131	)
	2017	$	338,605	$	380,268	$	(41,663	)

Footnotes

(1)

Three months ended 3/31/2016 GAAP rent recognized for consolidated properties owned as of 3/31/2016.

(2)

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

(3)

Adjusted to reflect NY land leases to the first purchase option date.

(4)

Amounts assume (1) lease terms for non-cancellable periods only, (2) no new or renegotiated leases are entered into after 3/31/2016, and (3) no properties are sold or acquired after 3/31/2016.

LEXINGTON REALTY TRUST

Other Revenue Data (Continued)

3/31/2016

($000)

Same-Store NOI (1)(2)	Actual						Adjusted ⁽³⁾
	Three months ended March 31,						Three months ended March 31,
	2016			2015			2016			2015
Total Cash Base Rent	$	79,357		$	85,228		$	79,357		$	79,982
Tenant Reimbursements		6,676			7,369			6,676			7,369
Property Operating Expenses		(10,314	)		(11,899	)		(10,314	)		(11,899	)
Same-Store NOI	$	75,719		$	80,698		$	75,719		$	75,452

Change in Same-Store NOI		(6.2	)%					0.4	%

Same-Store Percent Leased (2)		As of 3/31/16			As of 3/31/15
		97.7	%		97.5	%

Lease Escalation Data (4)

Footnotes

(1)

NOI is on a consolidated cash basis for all consolidated properties except properties acquired/expanded and sold in 2016 and 2015 and excludes lease termination payments.

(2)

Adjusted for properties subject to secured mortgage loans in default as of 3/31/2016.

(3)

Total base rent was adjusted for two tenants that paid rent semi-annually in 2015. The 2015 base rents were adjusted to reflect rent as if it was paid monthly.

(4)

Based on three months consolidated cash base rents for single-tenant leases. Excludes parking operations and $3.8 million in step-down leases.

LEXINGTON REALTY TRUST

Portfolio Detail By Asset Class

3/31/2016

( $000, except square footage)

Asset Class	YE 2013			YE 2014			YE 2015			1Q 2016

Office
% of ABR (1)		61.3	%		51.4	%		50.1	%		50.3	%
LTL (5)		26.8	%		31.8	%		23.4	%		28.6	%
STL (6)		73.2	%		68.2	%		76.6	%		71.4	%
Leased		99.0	%		98.6	%		99.6	%		99.6	%
Wtd. Avg. Lease Term (2)		7.2			7.4			7.2			7.2
Mortgage Debt	$	692,460		$	426,635		$	329,696		$	374,580
% Investment Grade (1)		57.2	%		53.7	%		48.7	%		46.4	%
Square Feet		15,316,875			13,264,134			12,847,877			12,632,799
Cash Base Rent	$	214,774		$	192,865		$	183,249		$	47,702

Industrial
% of ABR (1)		23.2	%		23.0	%		27.9	%		30.4	%
LTL (5)		35.2	%		42.8	%		43.1	%		49.3	%
STL (6)		64.8	%		57.2	%		56.9	%		50.7	%
Leased		99.8	%		99.7	%		99.6	%		99.6	%
Wtd. Avg. Lease Term (2)		7.2			7.9			9.5			9.6
Mortgage Debt	$	206,209		$	177,951		$	292,293		$	290,530
% Investment Grade (1)		34.1	%		29.3	%		30.3	%		27.3	%
Square Feet		21,473,994			22,612,691			25,561,136			25,751,139
Cash Base Rent	$	84,039		$	89,991		$	105,032		$	31,629

Land/Infrastructure
% of ABR (1)		4.9	%		14.3	%		16.0	%		15.1	%
LTL (5)		100.0	%		100.0	%		100.0	%		100.0	%
STL (6)		0.0	%		0.0	%		0.0	%		0.0	%
Leased		100.0	%		100.0	%		100.0	%		100.0	%
Wtd. Avg. Lease Term (2)		72.7			73.1			70.3			70.2
Wtd. Avg. Lease Term Adjusted (3)		23.7			22.8			22.8			23.3
Mortgage Debt	$	213,500		$	213,475		$	242,494		$	242,419
% Investment Grade (1)		0.2	%		0.4	%		0.4	%		3.8	%
Cash Base Rent	$	9,259		$	22,717		$	25,651		$	6,621

Multi-Tenant
% of ABR (1)		7.9	%		8.7	%		3.0	%		1.8	%
Leased		66.4	%		53.9	%		44.1	%		41.6	%
Wtd. Avg. Lease Term (2)		7.0			6.9			3.4			3.3
Mortgage Debt	$	71,754		$	116,763		$	14,118		$	21,581
% Investment Grade (1)		34.5	%		19.3	%		36.9	%		5.5	%
Square Feet		2,259,189			2,414,889			2,301,864			2,315,599
Cash Base Rent	$	27,941		$	34,458		$	11,425		$	1,879

Retail/Specialty
% of ABR (1)		2.7	%		2.6	%		3.0	%		2.4	%
LTL (5)		21.0	%		28.1	%		34.7	%		27.8	%
STL (6)		79.0	%		71.9	%		65.3	%		72.2	%
Leased		98.5	%		94.3	%		97.9	%		97.8	%
Wtd. Avg. Lease Term (2)		7.2			9.1			8.4			7.7
Mortgage Debt	$	13,566		$	13,170		$	12,724		$	4,320
% Investment Grade (1)		18.7	%		22.4	%		16.4	%		20.0	%
Square Feet		1,489,267			1,447,724			1,395,517			1,318,441
Cash Base Rent	$	7,947		$	8,948		$	9,557		$	1,624

Loans Receivable	$	99,443		$	105,635		$	95,871		$	95,770
Construction in progress (4)	$	78,656		$	121,184		$	103,954		$	117,261

Footnotes

(1)

Percentage of GAAP rent.

(2)

Cash basis.

(3)

Cash basis adjusted to reflect NY land leases to the first purchase option date.

(4)

Includes development classified as real estate under construction on a consolidated basis.

(5)

Long-term leases ("LTL") are defined as leases having a term of ten years or longer.

(6)

Short-term leases ("STL") are defined as leases having a term of less than ten years.

LEXINGTON REALTY TRUST

Portfolio Composition

3/31/2016

Footnotes

(1)

Based on gross book value of real estate assets, real estate under construction, and loans receivable as of 3/31/2016.

(2)

Based on three months GAAP rent as of 3/31/2016.

LEXINGTON REALTY TRUST

Components of Net Asset Value

3/31/2016

($000)

The purpose of providing the following information is to enable readers to derive their own estimate of net asset value. This information is not intended to be an asset-by-asset or enterprise valuation.

Consolidated properties three month cash net operating income (NOI) (1)
Office	$	45,606
Industrial		29,712
Land/ Infrastructure		6,604
Multi-Tenant		815
Retail/Specialty		1,930
Total Net Operating Income	$	84,667

Lexington's share of non-consolidated three month NOI (1)
Office	$	263
Retail/Specialty		300
	$	563
Other income
Advisory fees	$	277

In service assets not fairly valued by capitalized NOI method (1)
Wholly-owned assets	$	89,242

Add other assets:
Assets held for sale	$	10,147
Loans receivable		95,770
Development investment at cost incurred		152,263
Cash and cash equivalents		80,894
Restricted cash		42,830
Accounts receivable, net		20,094
Other assets		18,176
Total other assets	$	420,174

Liabilities:
Corporate level debt (face amount)	$	1,293,520
Mortgages and notes payable (face amount)		933,430
Dividends payable		45,673
Accounts payable, accrued expenses and other liabilities		70,217
Preferred stock, at liquidation value		96,770
Lexington's share of non-consolidated mortgages		8,561
Total deductions	$	2,448,171

Common shares & OP units at 3/31/2016		238,829,931

Footnotes

(1)

Three months ended March 31, 2016 Cash NOI for the existing property portfolio excludes straight-line income, other GAAP adjustments, minority interests' share of NOI and NOI related to assets undervalued by a capitalized NOI method. Assets undervalued by a capitalized NOI method are identified generally by occupancies under 70%. For assets in this category an NOI capitalization approach is not appropriate and accordingly the company's net book value has been used. NOI has been adjusted for acquisitions, divestitures, and changes in occupancy during the period, as applicable.

LEXINGTON REALTY TRUST

Top Markets

3/31/2016

	Core Based Statistical Area ⁽²⁾	Percent of GAAP Rent as of 3/31/16 (1)
1	New York-Northern New Jersey-Long Island, NY-NJ-PA		15.6	%
2	Houston-Sugar Land-Baytown, TX		6.8	%
3	Dallas-Fort Worth-Arlington, TX		6.5	%
4	Memphis, TN-MS-AR		4.3	%
5	Kansas City, MO-KS		3.6	%
6	Phoenix-Mesa-Scottsdale, AZ		3.6	%
7	Kennewick-Pasco-Richland, WA		3.2	%
8	Richmond, VA		3.0	%
9	Detroit-Warren-Livonia, MI		2.7	%
10	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2.1	%
11	Denver-Aurora, CO		2.1	%
12	Indianapolis-Carmel, IN		2.0	%
13	Columbus, OH		1.8	%
14	Las Vegas-Paradise, NV		1.7	%
15	San Jose-Sunnyvale-Santa Clara, CA		1.6	%
16	Charlotte-Gastonia-Rock Hill, NC-SC		1.6	%
17	Jackson, MS		1.5	%
18	Chicago-Naperville-Joliet, IL-IN-WI		1.5	%
19	Orlando-Kissimmee, FL		1.3	%
20	Atlanta-Sandy Springs-Marietta, GA		1.3	%
	Total Top Markets ⁽³⁾		67.8	%

Footnotes

(1)

Three months ended 3/31/2016 GAAP rent recognized for consolidated properties owned as of 3/31/2016.

(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

Single-Tenant Office Markets

3/31/2016

Footnotes

(1)

Three months ended 3/31/2016 GAAP rent recognized for consolidated office properties owned as of 3/31/2016.

(2)

LEXINGTON REALTY TRUST

Tenant Industry Diversification

3/31/2016

Footnotes

(1)

Three months ended 3/31/2016 GAAP rent recognized for consolidated properties owned as of 3/31/2016.

LEXINGTON REALTY TRUST

Top 10 Tenants or Guarantors

3/31/2016

Top 10 Tenants or Guarantors - Cash Basis
Tenants or Guarantors	Number of Leases	Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			Cash Rent as of 3/31/2016 ($000) (1)		Percent of Cash Rent as of 3/31/2016 ($000) (1) (2)
FedEx Corporation / Federal Express Corporation	3		787,829		1.9	%	$	3,153		3.5	%
Preferred Freezer Services of Richland, LLC (Preferred Freezer Services, LLC & Preferred Freezer Services Operating, LLC)	1		456,412		1.1	%		2,698		3.0	%
Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	7		2,053,359		4.9	%		2,555		2.9	%
Nissan North America, Inc.	2		1,691,049		4.0	%		2,337		2.6	%
Heidelberg Americas, Inc. (Heidelberg Druckmaschinen AG)⁽⁴⁾	1		500,500		1.2	%		2,167		2.4	%
United States of America	3		398,214		0.9	%		2,159		2.4	%
Swiss Re America Holding Corporation / Westport Insurance Corporation / Swiss Re Management (US) Corporation	2		476,123		1.1	%		1,903		2.1	%
Xerox Corporation	1		202,000		0.5	%		1,767		2.0	%
Michelin North America, Inc.	3		2,503,916		5.9	%		1,766		2.0	%
Morgan, Lewis and Bockius LLP	1		289,432		0.7	%		1,764		2.0	%
	24		9,358,834		22.2	%	$	22,269		24.9	%


Top 10 Tenants or Guarantors - GAAP Basis
Tenants or Guarantors	Number of Leases	Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			GAAP Rent as of 3/31/2016 ($000) (3)		Percent of GAAP Rent as of 3/31/2016 ($000) (3) (2)
SM Ascott LLC	1		-		0.0	%	$	4,343		4.2	%
FC-Canal Ground Tenant LLC	1		-		0.0	%		3,722		3.6	%
AL-Stone Ground Tenant LLC	1		-		0.0	%		3,397		3.3	%
Preferred Freezer Services of Richland, LLC (Preferred Freezer Services, LLC & Preferred Freezer Services Operating, LLC)	1		456,412		1.1	%		3,283		3.2	%
FedEx Corporation / Federal Express Corporation	3		787,829		1.9	%		3,224		3.1	%
United States of America	3		398,214		0.9	%		2,710		2.6	%
Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	7		2,053,359		4.9	%		2,485		2.4	%
Nissan North America, Inc.	2		1,691,049		4.0	%		2,406		2.3	%
Swiss Re America Holding Corporation / Westport Insurance Corporation / Swiss Re Management (US) Corporation	2		476,123		1.1	%		1,910		1.9	%
McGuireWoods LLP	1		224,537		0.5	%		1,796		1.8	%
	22		6,087,523		14.4	%	$	29,276		28.6	%

Footnotes

(1)

Three months ended 3/31/2016 cash rent recognized for consolidated properties owned as of 3/31/2016.

(2)

Total shown may differ from detailed amounts due to rounding.

(3)

Three months ended 3/31/2016 GAAP rent recognized for consolidated properties owned as of 3/31/2016.

(4)

Tenant pays rent semi-annually in uneven amounts.

LEXINGTON REALTY TRUST

Lease Rollover Schedule - Consolidated Single-Tenant Properties GAAP Basis

3/31/2016

($000)

Year	Number of Leases Expiring		GAAP Rent as of 3/31/2016		Percent of GAAP Rent as of 3/31/2016			Percent of GAAP Rent as of 3/31/2015
2016 - remaining		7	$	2,404		2.4	%		4.3	%
2017		18		7,286		7.3	%		5.5	%
2018		30		5,956		6.0	%		6.9	%
2019		22		7,644		7.6	%		7.9	%
2020		15		5,645		5.6	%		7.6	%
2021		13		6,217		6.2	%		5.7	%
2022		7		3,159		3.2	%		3.4	%
2023		6		2,896		2.9	%		3.8	%
2024		8		3,056		3.1	%		3.7	%
2025		19		8,152		8.2	%		11.0	%
Thereafter		69		47,505		47.5	%		36.9	%

Total ⁽¹⁾		214	$	99,920		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

3/31/2016

($000)

Year	Number of Leases Expiring		GAAP Rent as of 3/31/2016		Percent of GAAP Rent as of 3/31/2016
2016 - remaining		39	$	2,629		2.6	%
2017		28		7,405		7.3	%
2018		35		6,476		6.4	%
2019		25		7,883		7.7	%
2020		16		5,671		5.6	%
2021		17		6,834		6.7	%
2022		7		3,159		3.1	%
2023		6		2,896		2.8	%
2024		8		3,056		3.0	%
2025		20		8,255		8.1	%
Thereafter		69		47,505		46.7	%

Total ⁽¹⁾		270	$	101,769		100.0	%

Footnotes

(1)

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

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2016

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2016 ($000) (2)		GAAP Rent as of 3/31/2016 ($000) (3)		3/31/2016 Debt Balance ($000)		Debt Maturity
OFFICE PROPERTIES
2016	4/30/2016	11511 Luna Rd.	Farmers Branch	TX		—	Haggar Clothing Co. (Texas Holding Clothing Corporation and Haggar Corp.)		114,489		393		506		18,373	07/2016
	5/31/2016	1200 Jupiter Rd.	Garland	TX		—	Raytheon Company		278,759		377		406		-	-
	7/8/2016	1460 Tobias Gadsen Blvd.	Charleston	SC		13	Hagemeyer North America, Inc.		29,652		129		296		7,161	02/2021
	7/14/2016	1400 Northeast McWilliams Rd.	Bremerton	WA		—	Nextel West Corporation (Nextel Finance Company)		60,200		304		304		5,479	04/2016
	10/31/2016	104 & 110 South Front St.	Memphis	TN		—	Hnedak Bobo Group, Inc.		37,229		130		125		3,537	01/2017
2017	1/31/2017	10300 Kincaid Dr.	Fishers	IN		16	Roche Diagnostics Operations, Inc.		193,000		893		1,374		-	-
		1311 Broadfield Blvd.	Houston	TX		5	Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.)		155,040		659		1,454		-	-
	3/31/2017	1701 Market St.	Philadelphia	PA		—	Car-Tel Communications, Inc.		1,220		14		14		-	-
	6/30/2017	10419 North 30th St.	Tampa	FL		9	Time Customer Service, Inc. (Time Incorporated)		132,981		380		299		-	-
	9/30/2017	9201 East Dry Creek Rd.	Centennial	CO		—	Arrow Electronics, Inc.		128,500		691		758		-	-
	10/31/2017	4455 American Way	Baton Rouge	LA		—	New Cingular Wireless PCS, LLC		70,100		270		265		-	-
		5201 West Barraque St.	Pine Bluff	AR		—	Entergy Services, Inc.		27,189		97		80		-	-
	11/30/2017	6200 Northwest Pkwy.	San Antonio	TX		—	United HealthCare Services, Inc. / PacifiCare Healthsystems, LLC		142,500		502		467		-	-
	12/1/2017	800 East Canal St.	Richmond	VA		—	CRG-Richmond Tenant, LLC		51,450		177		177		-	-
2018	1/31/2018	820 Gears Rd.	Houston	TX		—	Ricoh Americas Corporation		78,895		273		289		-	-
	2/28/2018	850-950 Warrenville Rd.	Lisle	IL		—	Flexible Steel Lacing Company, d/b/a Flexco, Inc.		7,535		36		36		-	-
	5/30/2018	13651 McLearen Rd.	Herndon	VA		—	United States of America		159,644		908		851		-	-
	5/31/2018	8900 Freeport Pkwy.	Irving	TX		—	Pacific Union Financial, LLC.		43,396		220		196		-	-
	6/30/2018	100 Barnes Rd.	Wallingford	CT		—	3M Company		44,400		129		127		-	-
		420 Riverport Rd.	Kingsport	TN		—	Kingsport Power Company		42,770		78		32		-	-
	8/31/2018	2706 Media Center Dr.	Los Angeles	CA		—	Sony Electronics Inc.		20,203		45		45		-	-
		3500 North Loop Rd.	McDonough	GA		—	Litton Loan Servicing LP		62,218		332		238		-	-
	9/30/2018	1701 Market St.	Philadelphia	PA		—	CBC Restaurant Corp.		8,070		56		53		-	-
	10/31/2018	3943 Denny Ave.	Pascagoula	MS		—	Huntington Ingalls Incorporated		94,841		148		148		-	-
	12/22/2018	5200 Metcalf Ave.	Overland Park	KS		—	Swiss Re America Holding Corporation / Westport Insurance Corporation / Swiss Re Management (US) Corporation		320,198		1,306		1,313		33,977	05/2019
2019	1/31/2019	2999 Southwest 6th St.	Redmond	OR		—	VoiceStream PCS I, LLC / T-Mobile West Corporation (T-Mobile USA, Inc.)		77,484		435		367		-	-
	4/1/2019	9201 Stateline Rd.	Kansas City	MO		—	Swiss Re America Holding Corporation / Westport Insurance Corporation / Swiss Re Management (US) Corporation		155,925		597		597		16,196	05/2019
	6/19/2019	3965 Airways Blvd.	Memphis	TN		—	Federal Express Corporation		521,286		1,754		1,753		-	-
	6/30/2019	1460 Tobias Gadsen Blvd.	Charleston	SC		—	Hagemeyer North America, Inc.		20,424		89		204		-	-
		3265 East Goldstone Dr.	Meridian	ID		—	VoiceStream PCS Holding, LLC / T-Mobile PCS Holdings, LLC (T-Mobile USA, Inc.)		77,484		356		276		9,213	08/2019
	7/15/2019	19019 North 59th Ave.	Glendale	AZ		—	Honeywell International Inc.		252,300		475		475		-	-
	7/31/2019	500 Jackson St.	Columbus	IN		—	Cummins, Inc.		390,100		1,190		1,135		19,911	07/2019
	10/31/2019	10475 Crosspoint Blvd.	Indianapolis	IN		—	John Wiley & Sons, Inc.		123,416		571		567		-	-
		9601 Renner Blvd.	Lenexa	KS		—	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)		77,484		364		286		9,362	12/2019
	12/31/2019	400 Butler Farm Rd.	Hampton	VA		—	Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company)		100,632		253		251		-	-
		850-950 Warrenville Rd.	Lisle	IL		—	National-Louis University / James J. Benes & Associates, Inc.		91,879		387		391		9,406	06/2016
2020	2/14/2020	5600 Broken Sound Blvd.	Boca Raton	FL		—	Canon Solutions America, Inc. (Oce - USA Holding, Inc.)		143,290		596		561		19,559	02/2020
	5/31/2020	2401 Cherahala Blvd.	Knoxville	TN		—	CaremarkPCS, L.L.C.		59,748		187		193		-	-
	6/30/2020	3711 San Gabriel	Mission	TX		—	VoiceStream PCS II Corporation / T-Mobile West Corporation		75,016		234		247		-	-
	7/31/2020	13775 McLearen Rd.	Herndon	VA		12	Orange Business Services U.S., Inc. (Equant N.V.)		132,617		436		415		-	-
	8/31/2020	133 First Park Dr.	Oakland	ME		—	Omnipoint Holdings, Inc. (T-Mobile USA, Inc.)		78,610		361		287		8,777	10/2020
	9/30/2020	600 Business Center Dr.	Lake Mary	FL		—	JPMorgan Chase Bank, National Association		125,155		417		439		-	-
		9200 South Park Center Loop	Orlando	FL		—	Zenith Education Group, Inc. (ECMC Group, Inc.)		59,927		286		284		9,433	02/2017
		550 International Parkway	Lake Mary	FL		—	JPMorgan Chase Bank, National Association		125,920		420		441		-	-
	10/31/2020	12209 West Markham St.	Little Rock	AR		—	Entergy Arkansas, Inc.		36,311		59		59		-	-
2021	1/31/2021	1701 Market St.	Philadelphia	PA		—	Morgan, Lewis & Bockius LLP		289,432		1,085		1,074		-	-

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2016

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2016 ($000) (2)		GAAP Rent as of 3/31/2016 ($000) (3)		3/31/2016 Debt Balance ($000)		Debt Maturity
OFFICE PROPERTIES
	4/30/2021	11511 Luna Rd.	Farmers Branch	TX		11	International Business Machines Corporation		66,018		227		291		-	-
	6/30/2021	1415 Wyckoff Rd.	Wall	NJ		—	New Jersey Natural Gas Company		157,511		943		943		16,198	01/2021
		2050 Roanoke Rd.	Westlake	TX		18	TD Auto Finance LLC / Charles Schwab & Co, Inc.		130,199		289		651		-	-
	8/31/2021	333 Three D Systems Cir.	Rock Hill	SC		—	3D Systems Corporation		80,028		167		172		-	-
	11/30/2021	29 South Jefferson Rd.	Whippany	NJ		—	CAE SimuFlite, Inc. (CAE INC.)		123,734		633		582		13,581	11/2021
	12/31/2021	2800 Waterford Lake Dr.	Midlothian	VA		—	Alstom Power, Inc.		99,057		564		546		-	-
2022	1/31/2022	26210 and 26220 Enterprise Ct.	Lake Forest	CA		7	Apria Healthcare, Inc. (Apria Healthcare Group, Inc.)		100,012		345		300		-	-
	6/30/2022	8555 South River Pkwy.	Tempe	AZ		—	DA Nanomaterials L.L.C./ Air Products and Chemicals, Inc.		95,133		406		427		-	-
	7/31/2022	1440 E 15th Street	Tucson	AZ		—	CoxCom, LLC		28,591		140		140		-	-
	11/30/2022	4201 Marsh Ln.	Carrollton	TX		—	Carlson Restaurants Inc. (Carlson, Inc.)		130,000		540		466		-	-
	12/31/2022	147 Milk St.	Boston	MA		—	Atrius Health, Inc.		52,337		425		415		12,241	12/2018
		231 N. Martingale Rd.	Schaumburg	IL		—	CEC Educational Services, LLC (Career Education Corporation)		317,198		1,100		1,076		-	-
2023	2/28/2023	1315 West Century Dr.	Louisville	CO		—	Rogue Wave Software, Inc.		20,000		23		37		-	-
	3/31/2023	8900 Freeport Pkwy.	Irving	TX		—	Nissan Motor Acceptance Corporation (Nissan North America, Inc.)		225,049		904		856		-	-
	12/14/2023	3333 Coyote Hill Rd.	Palo Alto	CA		—	Xerox Corporation		202,000		1,767		1,661		47,225	12/2023
2024	2/14/2024	1362 Celebration Blvd.	Florence	SC		—	MED3000, Inc.		32,000		137		143		-	-
	5/31/2024	3476 Stateview Blvd.	Fort Mill	SC		—	Wells Fargo Bank, N.A.		169,083		460		489		-	-
		3480 Stateview Blvd.	Fort Mill	SC		—	Wells Fargo Bank, N.A.		169,218		460		506		-	-
	8/31/2024	10475 Crosspoint Blvd.	Indianapolis	IN		—	RGN-Indianapolis I, LLC		14,236		73		73		-	-
	10/31/2024	1409 Centerpoint Blvd.	Knoxville	TN		—	Alstom Power, Inc.		84,404		286		314		-	-
	12/31/2024	12000 & 12025 Tech Center Dr.	Livonia	MI		—	Kelsey-Hayes Company (TRW Automotive Inc.)		180,230		401		422		-	-
2025	1/31/2025	1401 Nolan Ryan Expy.	Arlington	TX		—	Triumph Aerostructures, LLC (Triumph Group, Inc.)		111,409		418		405		-	-
	2/28/2025	6555 Sierra Dr.	Irving	TX		—	TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC)		247,254		747		701		-	-
		1401 Nolan Ryan Expy.	Arlington	TX		—	Cyient, Inc. (Infotech Enterprise Limited)		13,590		51		49		-	-
	3/14/2025	601 & 701 Experian Pkwy.	Allen	TX		—	Experian Information Solutions, Inc. / TRW, Inc.(Experian Holdings, Inc.)		292,700		768		742		-	-
	3/31/2025	2706 Media Center Dr.	Los Angeles	CA		—	Bank of America, National Association		62,323		211		228		-	-
	5/31/2025	1701 Market St.	Philadelphia	PA		—	TruMark Financial Credit Union		2,641		59		59		-	-
	6/30/2025	2500 Patrick Henry Pkwy.	McDonough	GA		—	Georgia Power Company		111,911		332		355		-	-
	9/30/2025	10001 Richmond Ave.	Houston	TX		—	Schlumberger Holdings Corp.		554,385		1,317		1,510		-	-
	11/30/2025	11707 Miracle Hills Dr.	Omaha	NE		—	Infocrossing, Inc.		85,200		292		292		7,560	04/2016
	12/31/2025	2005 East Technology Cir.	Tempe	AZ		—	Infocrossing, Inc.		60,000		282		282		7,140	04/2016
		4001 International Pkwy.	Carrollton	TX		—	Motel 6 Operating, LP		138,443		532		556		-	-
2026	3/31/2026	500 Olde Worthington Rd.	Westerville	OH		—	InVentiv Communications, Inc.		97,000		140		277		-	-
	4/30/2026	2000 Eastman Dr.	Milford	OH		—	Siemens Corporation		221,215		622		618		-	-
		800 East Canal St.	Richmond	VA		—	Richmond Belly Ventures, LLC (David Duke, Lauren Duke, Terrence Kee, Cara Kee and John Bokel)		2,568		-		-		-	-
	8/31/2026	2211 South 47th St.	Phoenix	AZ		—	Avnet, Inc.		176,402		551		669		-	-
	11/30/2026	500 Kinetic Dr.	Huntington	WV		—	AMZN WVCS LLC (Amazon.com, Inc.)		68,693		272		317		6,500	02/2017
	12/29/2026	5500 New Albany Rd.	Columbus	OH		—	Evans, Mechwart, Hambleton & Tilton, Inc.		104,807		411		434		-	-
2027	1/31/2027	1701 Market St.	Philadelphia	PA		—	Drybar Holdings LLC		1,975		-		-		-	-
	4/30/2027	1315 West Century Dr.	Louisville	CO		—	Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC)		86,877		297		322		-	-
	6/30/2027	3902 Gene Field Rd.	St. Joseph	MO		—	Boehringer Ingelheim Vetmedica, Inc. (Boehringer Ingelheim USA Corporation)		98,849		455		498		-	-
	7/6/2027	2221 Schrock Rd.	Columbus	OH		—	MS Consultants, Inc.		42,290		149		160		-	-
	8/7/2027	25 Lakeview Dr.	Jessup	PA		—	TMG Health, Inc.		150,000		507		625		-	-
	10/31/2027	11201 Renner Blvd.	Lenexa	KS		—	United States of America		169,585		1,087		1,525		36,251	11/2027
	11/30/2027	1700 Millrace Dr.	Eugene	OR		10	Oregon Research Institute / Educational Policy Improvement Center		80,011		432		521		-	-
	12/31/2027	333 Mt. Hope Ave.	Rockaway	NJ		—	Atlantic Health System, Inc.		92,326		329		299		-	-

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2016

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2016 ($000) (2)		GAAP Rent as of 3/31/2016 ($000) (3)		3/31/2016 Debt Balance ($000)		Debt Maturity
OFFICE PROPERTIES
2028	4/30/2028	9655 Maroon Cir.	Englewood	CO		—	TriZetto Corporation		166,912		879		961		-	-
2029	1/31/2029	6226 West Sahara Ave.	Las Vegas	NV		—	Nevada Power Company		282,000		772		1,063		-	-
	3/31/2029	2800 High Meadow Cir.	Auburn Hills	MI		—	Faurecia USA Holdings, Inc.		278,000		781		887		-	-
2030	7/31/2030	3940 South Teller St.	Lakewood	CO		—	Addenbrooke Classical Academy		68,165		96		87		-	-
	8/31/2030	800 East Canal St.	Richmond	VA		—	McGuireWoods LLP		224,537		1,623		1,796		57,500	02/2031
	9/30/2030	800 East Canal St.	Richmond	VA		—	CCA Industries, Inc. (The Riverstone Group, LLC),		25,707		164		173		-	-
2031	1/10/2031	810 Gears Rd.	Houston	TX		—	United States of America		68,985		164		334		-	-
	3/1/2031	800 East Canal St.	Richmond	VA		—	Towne Bank		26,047		54		252		-	-
2032	10/31/2032	143 Diamond Ave.	Parachute	CO		—	Encana Oil and Gas (USA) Inc. (Alenco Inc.)		49,024		274		321		-	-
	12/31/2032	3030 North 3rd St.	Phoenix	AZ		—	CopperPoint Mutual Insurance Company		252,400		1,034		1,264		-	-
2033	11/30/2033	1331 Capitol Ave.	Omaha	NE		—	The Gavilon Group, LLC		127,810		721		828		-	-
	12/31/2033	3000 Busch Lake Blvd.	Tampa	FL		—	BluePearl Holdings, LLC		17,000		126		126		-	-
		2910 Busch Lake Blvd.	Tampa	FL		—	BluePearl Holdings, LLC		2,500		14		14		-	-
		2950 Busch Lake Blvd.	Tampa	FL		—	BluePearl Holdings, LLC		8,000		40		40		-	-
		19311 SH 249	Houston	TX		—	BluePearl Holdings, LLC		12,622		56		56		-	-
2039	3/31/2039	854 Paragon Way	Rock Hill	SC		—	Physicians Choice Laboratory Services, LLC		104,497		472		464		-	-
2088	8/8/2088	800 East Canal St.	Richmond	VA		—	The City of Richmond, Virginia		-		103		103		-	-
N/A	N/A	1701 Market St.	Philadelphia	PA		—	Parking Operations		-		679		679		-	-
	Vacancy	10475 Crosspoint Blvd.	Indianapolis	IN		—	(Available for Lease)		3,764		-		-		-	-
		1701 Market St.	Philadelphia	PA		—	(Available for Lease)		699		-		-		-	-
		810 Gears Rd.	Houston	TX		—	(Available for Lease)		9,910		-		-		-	-
		1401 Nolan Ryan Expy.	Arlington	TX		—	(Available for Lease)		36,809		-		-		-	-
OFFICE TOTAL/WEIGHTED AVERAGE							99.6% Leased		12,632,799		47,702		51,557		374,580

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2016

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Sq. Ft. Leased or Available (1)		Cash Rent as of 3/31/2016 ($000) (2)		GAAP Rent as of 3/31/2016 ($000) (3)		3/31/2016 Debt Balance ($000)		Debt Maturity
INDUSTRIAL PROPERTIES
2016	7/31/2016	7111 Crabb Rd.	Temperance	MI		—	Michelin North America, Inc.		744,570		571		571		-	-
	12/31/2016	2935 Van Vactor Dr.	Plymouth	IN		—	Bay Valley Foods, LLC		300,500		207		196		5,766	09/2016
2017	4/30/2017	3600 Army Post Rd.	Des Moines	IA		—	HP Enterprise Services, LLC		405,000		658		513		-	-
	5/31/2017	191 Arrowhead Dr.	Hebron	OH		—	Owens Corning Insulating Systems, LLC		250,410		139		139		-	-
		200 Arrowhead Dr.	Hebron	OH		—	Owens Corning Insulating Systems, LLC		400,522		222		222		-	-
	6/30/2017	7500 Chavenelle Rd.	Dubuque	IA		—	The McGraw-Hill Companies, Inc.		330,988		322		291		9,014	06/2017
	9/30/2017	250 Swathmore Ave.	High Point	NC		—	Steelcase Inc.		244,851		286		272		-	-
	10/31/2017	43955 Plymouth Oaks Blvd.	Plymouth	MI		—	Tower Automotive Operations USA I, LLC / Tower Automotive Products Inc. (Tower Automotive, Inc.)		290,133		345		369		-	-
	12/31/2017	2203 Sherrill Dr.	Statesville	NC		—	Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation)		639,800		513		479		-	-
2018	6/30/2018	1133 Poplar Creek Rd.	Henderson	NC		—	Staples, Inc.		196,946		209		215		-	-
		1650-1654 Williams Rd.	Columbus	OH		—	ODW Logistics, Inc.		772,450		337		336		-	-
	9/30/2018	50 Tyger River Dr.	Duncan	SC		—	Plastic Omnium Auto Exteriors, LLC		221,833		256		256		-	-
		904 Industrial Rd.	Marshall	MI		—	Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.)		246,508		210		174		-	-
	12/31/2018	120 Southeast Pkwy. Dr.	Franklin	TN		—	Essex Group, Inc. (United Technologies Corporation)		289,330		184		184		-	-
		749 Southrock Dr.	Rockford	IL		—	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)		150,000		131		118		-	-
2019	10/17/2019	10345 Philipp Pkwy.	Streetsboro	OH		—	L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.)		649,250		704		653		17,546	09/2019
	12/31/2019	2415 US Hwy. 78 East	Moody	AL		—	Michelin North America, Inc.		595,346		348		352		-	-
		3686 South Central Ave.	Rockford	IL		—	Pierce Packaging Co.		93,000		77		77		-	-
2020	1/31/2020	101 Michelin Dr.	Laurens	SC		—	Michelin North America, Inc.		1,164,000		847		847		-	-
	3/31/2020	2425 Hwy. 77 North	Waxahachie	TX		—	James Hardie Building Products, Inc. (James Hardie NV & James Hardie Industries NV)		335,610		850		850		-	-
	5/31/2020	359 Gateway Dr.	Lavonia	GA		—	TI Group Automotive Systems, LLC (TI Automotive Ltd.)		133,221		300		238		7,596	12/2020
	6/30/2020	3102 Queen Palm Dr.	Tampa	FL		—	Time Customer Service, Inc. (Time Incorporated)		229,605		321		309		-	-
	9/30/2020	3350 Miac Cove Rd.	Memphis	TN		—	Mimeo.com, Inc.		107,400		110		102		-	-
	12/19/2020	1901 Ragu Dr.	Owensboro	KY		6	Unilever Supply Chain, Inc. (Unilever United States, Inc.)		443,380		299		373		-	-
2021	3/31/2021	2455 Premier Dr.	Orlando	FL		—	Walgreen Co. / Walgreen Eastern Co.		205,016		127		196		-	-
	5/31/2021	291 Park Center Dr.	Winchester	VA		—	Kraft Heinz Foods Company		344,700		326		346		-	-
		477 Distribution Pkwy.	Collierville	TN		—	Federal Express Corporation / FedEx Techconnect, Inc.		126,213		206		187		-	-
	9/30/2021	3820 Micro Dr.	Millington	TN		—	Ingram Micro L.P. (Ingram Micro Inc.)		701,819		423		453		-	-
	10/25/2021	6938 Elm Valley Dr.	Kalamazoo	MI		—	Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited)		150,945		507		437		-	-
	11/30/2021	2880 Kenny Biggs Rd.	Lumberton	NC		—	Quickie Manufacturing Corporation		423,280		348		339		-	-
2022	3/31/2022	5417 Campus Dr.	Shreveport	LA		—	The Tire Rack, Inc.		257,849		319		335		-	-
2023	2/28/2023	7670 Hacks Cross Rd.	Olive Branch	MS		—	MAHLE Aftermarket Inc. (MAHLE Industries, Incorporated)		268,104		232		226		-	-
	12/31/2023	1601 Pratt Ave.	Marshall	MI		—	Autocam Corporation		58,707		77		77		-	-
2024	4/30/2024	113 Wells St.	North Berwick	ME		—	United Technologies Corporation		993,685		491		450		4,468	04/2019
	5/31/2024	901 East Bingen Point Way	Bingen	WA		—	The Boeing Company		124,539		632		659		-	-
2025	6/30/2025	10000 Business Blvd.	Dry Ridge	KY		—	Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited)		336,350		336		336		-	-
		301 Bill Bryan Rd.	Hopkinsville	KY		—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)		424,904		422		422		-	-
		4010 Airpark Dr.	Owensboro	KY		—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)		211,598		302		302		-	-
		730 North Black Branch Rd.	Elizabethtown	KY		—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)		167,770		134		134		-	-
		750 North Black Branch Rd.	Elizabethtown	KY		—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)		539,592		710		710		-	-
	7/14/2025	590 Ecology Ln.	Chester	SC		—	Boral Stone Products LLC (Boral Limited)		420,597		565		416		8,570	08/2025
	7/31/2025	7005 Cochran Rd.	Glenwillow	OH		—	Royal Appliance Mfg. Co.		458,000		525		515		15,230	09/2016
	12/31/2025	1700 47th Ave North	Minneapolis	MN		—	Owens Corning Roofing and Asphalt, LLC		18,620		138		138		-	-
2026	3/30/2026	121 Technology Dr.	Durham	NH		15	Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation)		500,500		2,167		634		-	-
	3/31/2026	633 Garrett Pkwy.	Lewisburg	TN		—	Calsonic Kansei North America, Inc.		310,000		299		322		-	-
	6/30/2026	351 Chamber Dr.	Chillicothe	OH		—	The Kitchen Collection, Inc.		475,218		270		290		-	-
	9/30/2026	900 Industrial Blvd.	Crossville	TN		—	Dana Commercial Vehicle Products, LLC		222,200		144		144		-	-

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2016

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Sq. Ft. Leased or Available (1)		Cash Rent as of 3/31/2016 ($000) (2)		GAAP Rent as of 3/31/2016 ($000) (3)		3/31/2016 Debt Balance ($000)		Debt Maturity
INDUSTRIAL PROPERTIES
	10/31/2026	5001 Greenwood Rd.	Shreveport	LA		—	Libbey Glass Inc. (Libbey Inc.)		646,000		532		541		19,000	07/2017
	11/30/2026	250 Rittenhouse Cir.	Bristol	PA		—	Northtec LLC (The Estée Lauder Companies Inc.)		241,977		278		287		-	-
		736 Addison Rd.	Erwin	NY		—	Corning Property Management Corporation		408,000		334		308		7,742	10/2018
2027	2/28/2027	3456 Meyers Ave.	Memphis	TN		—	Sears, Roebuck and Co. / Sears Logistics Services		780,000		398		424		-	-
		554 Nissan Pkwy.	Canton	MS		—	Nissan North America, Inc.		1,466,000		1,433		1,550		-	-
	4/30/2027	2424 Alpine Rd.	Eau Claire	WI		20	Silver Spring Foods, Inc. (Huntsinger Farms, Inc.)		159,000		267		251		-	-
	12/31/2027	10590 Hamilton Ave.	Cincinnati	OH		—	The Hillman Group, Inc.		264,598		195		203		-	-
2028	3/31/2028	29-01-Borden Ave./29-10 Hunters Point Ave.	Long Island City	NY		—	FedEx Ground Package System, Inc. (FedEx Corporation)		140,330		1,193		1,284		48,450	03/2028
	8/31/2028	1420 Greenwood Rd.	McDonough	GA		19	Americold Logistics, LLC / United States Cold Storage, Inc		296,972		680		529		22,148	11/2017
2029	11/24/2029	318 Pappy Dunn Blvd.	Anniston	AL		—	International Automotive Components Group North America, Inc.		276,782		399		435		-	-
2030	3/31/2030	549 Wingo Rd.	Byhalia	MS		—	Asics America Corporation (Asics Corporation)		855,878		975		1,106		15,000	06/2016
	5/31/2030	3301 Stagecoach Rd. NE	Thomson	GA		—	Hollander Sleep Products, LLC (Hollander Home Fashions Holdings)		208,000		209		232		-	-
2031	5/31/2031	671 Washburn Switch Rd.	Shelby	NC		—	Clearwater Paper Corporation		673,518		579		650		-	-
2033	10/31/2033	1001 Innovation Rd.	Rantoul	IL		—	Easton-Bell Sports, Inc.		813,126		886		1,037		-	-
2034	9/30/2034	5625 North Sloan Ln.	North Las Vegas	NV		—	Nicholas and Co., Inc.		180,235		546		639		-	-
2035	3/31/2035	7007 F.M. 362	Brookshire	TX		—	Orizon Industries, Inc. (Spitzer Industries, Inc.)		262,095		393		478		-	-
		13863 Industrial Rd.	Houston	TX		—	Curtis Kelly, Inc. (Spitzer Industries, Inc.)		187,800		501		609		-	-
	6/30/2035	111 West Oakview Pkwy.	Oak Creek	WI		—	Stella & Chewy's, LLC		164,007		466		524		-	-
	8/31/2035	2800 Polar Way	Richland	WA		21	Preferred Freezer Services of Richland, LLC (Preferred Freezer Services, LLC & Preferred Freezer Services Operating, LLC)		456,412		2,698		3,283		110,000	01/2026
	10/22/2035	2860 Clark St.	Detroit	MI		—	FCA US LLC (f/k/a Chrysler Group LLC)		190,003		521		521		-	-
N/A	Vacancy	324 Industrial Park Rd.	Franklin	NC		—	(Available for Lease)		72,868		-		-		-	-
		3350 Miac Cove Rd.	Memphis	TN		—	(Available for Lease)		32,679		-		-		-	-
INDUSTRIAL TOTAL/WEIGHTED AVERAGE							99.6% Leased		25,751,139		31,629		31,095		290,530

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2016

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2016 ($000) (2)		GAAP Rent as of 3/31/2016 ($000) (3)		3/31/2016 Debt Balance ($000)		Debt Maturity
LAND AND INFRASTRUCTURE PROPERTIES
2029	1/31/2029	175 Holt Garrison Pkwy.	Danville	VA		—	Home Depot USA, Inc.		-		65		54		-	-
2032	4/30/2032	13930 Pike Rd.	Missouri City	TX		—	Vulcan Construction Materials, LP (Vulcan Materials Company)		-		464		531		-	-
2038	3/31/2038	13901/14035 Industrial Rd.	Houston	TX		—	Industrial Terminals Management, L.L.C. (Maritime Holdings (Delaware) LLC)		132,449		1,375		1,693		-	-
2048	12/31/2048	30 Light St	Baltimore	MD		—	30 Charm City, LLC		-		75		75		-	-
2055	1/31/2055	499 Derbyshire Dr.	Venice	FL		—	Littlestone Brotherhood LLC		31,180		320		477		-	-
2112	8/31/2112	201-215 N. Charles St.	Baltimore	MD		—	201 NC Leasehold LLC		-		68		68		-	-
	10/31/2112	350 and 370-372 Canal St.	New York	NY		—	FC-Canal Ground Tenant LLC		-		1,257		3,722		69,241	01/2027
		309-313 West 39th St.	New York	NY		—	SM Ascott LLC		-		1,467		4,343		80,789	01/2027
		8-12 Stone St.	New York	NY		—	AL-Stone Ground Tenant LLC		-		1,147		3,397		63,196	01/2027
2113	10/31/2113	15 West 45th St.	New York	NY		7	ZE-45 Ground Tenant LLC		-		383		1,155		29,193	01/2025
LAND AND INFRASTRUCTURE TOTAL/WEIGHTED AVERAGE							100.0% Leased		163,629		6,621		15,515		242,419

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2016

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant	Sq.Ft.		Percentage Leased			Cash Rent as of 3/31/2016 ($000) (2)		GAAP Rent as of 3/31/2016 ($000) (3)		3/31/2016 Debt Balance ($000)		Debt Maturity
MULTI-TENANT PROPERTIES (8,14)
Various	Various	13430 North Black Canyon Fwy.	Phoenix	AZ		—	Multi-Tenant		138,940		92	%		521		580		-	-
		1501 Nolan Ryan Expy.	Arlington	TX		4	Multi-Tenant		74,739		0	%		-		-		-	-
		1600 Eberhardt Rd.	Temple	TX		—	Nextel of Texas, Inc. (Nextel Finance Company)		108,800		49	%		273		202		7,463	01/2016
		2210 Enterprise Dr.	Florence	SC		11	Caliber Funding, LLC		176,557		21	%		194		182		-	-
		26555 Northwestern Pkwy.	Southfield	MI		—	Multi-Tenant		359,645		0	%		-		-		-	-
		275 Technology Dr.	Canonsburg	PA		—	Multi-Tenant		107,872		0	%		-		-		-	-
		33 Commercial St.	Foxborough	MA		—	Multi-Tenant		160,719		5	%		37		37		-	-
		3165 McKelvey Rd.	Bridgeton	MO		—	BJC Health System		51,067		50	%		108		101		-	-
		6050 Dana Way	Antioch	TN		—	Multi-Tenant		674,528		98	%		562		564		-	-
		700 US Hwy. Route 202-206	Bridgewater	NJ		—	Multi-Tenant		115,558		0	%		-		-		14,118	03/2016
		700 Oakmont Ln.	Westmont	IL		—	Multi-Tenant		269,715		0	%		-		-		-	-
		King St./1042 Fort St. Mall	Honolulu	HI		—	Multi-Tenant		77,459		62	%		184		184		-	-
MULTI-TENANT TOTAL/WEIGHTED AVERAGE							41.6% Leased		2,315,599				$	1,879	$	1,850	$	21,581

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2016

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2016 ($000) (2)		GAAP Rent as of 3/31/2016 ($000) (3)		3/31/2016 Debt Balance ($000)		Debt Maturity
RETAIL/SPECIALTY PROPERTIES
2017	6/30/2017	1600 East 23rd St.	Chattanooga	TN	—	BI-LO, LLC		42,130		32		32		-	-
	12/31/2017	11411 North Kelly Ave.	Oklahoma City	OK	—	American Golf Corporation		13,924		119		81		-	-
2018	2/26/2018	4831 Whipple Ave., NW	Canton	OH	—	Best Buy Co., Inc.		46,350		116		116		-	-
	2/28/2018	291 Talbert Blvd.	Lexington	NC	—	Food Lion, LLC / Delhaize America, Inc.		23,000		35		35		-	-
		2411 West Beverly St.	Staunton	VA	—	Food Lion, LLC / Delhaize America, Inc.		23,000		41		41		-	-
	7/1/2018	1053 Mineral Springs Rd.	Paris	TN	—	The Kroger Co.		31,170		40		42		-	-
	9/30/2018	835 Julian Ave.	Thomasville	NC	—	Mighty Dollar, LLC		23,767		20		20		-	-
	10/31/2018	130 Midland Ave.	Port Chester	NY	—	St Anthony Supermarket Corp. (Anthony Pena, Marina Pena, Anthony Corona, Robert Corona)		59,613		115		244		-	-
		5104 North Franklin Rd.	Lawrence	IN	—	Marsh Supermarkets, Inc. / Marsh Supermarkets, LLC		28,721		48		48		-	-
	12/31/2018	1150 West Carl Sandburg Dr.	Galesburg	IL	—	Kmart Corporation/ Project Bay Exchange LLC (Sears, Roebuck and Co.)		94,970		11		82		465	07/2018
		12080 Carmel Mountain Rd.	San Diego	CA	—	Kmart Corporation/ Project Bay Exchange LLC (Sears, Roebuck and Co.)		107,210		12		188		528	07/2018
		21082 Pioneer Plaza Dr.	Watertown	NY	—	Kmart Corporation/ Project Bay Exchange LLC (Sears, Roebuck and Co.)		120,727		18		120		779	07/2018
		255 Northgate Dr.	Manteca	CA	—	Kmart Corporation/ Project Bay Exchange LLC (Sears, Roebuck and Co.)		107,489		19		139		828	07/2018
		5350 Leavitt Rd.	Lorain	OH	—	Kmart Corporation/ Project Bay Exchange LLC (Sears, Roebuck and Co.)		193,193		27		183		1,173	07/2018
		97 Seneca Trail	Fairlea	WV	—	Kmart Corporation/ Project Bay Exchange LLC (Sears, Roebuck and Co.)		90,933		13		87		547	07/2018
2019	3/31/2019	B.E.C. 45th St./Lee Blvd.	Lawton	OK	—	Associated Wholesale Grocers, Inc. / Safeway, Inc.		30,757		46		47		-	-
	12/31/2019	1066 Main St.	Forest Park	GA	—	Bank of America, N.A. (Bank of America Corporation)		14,859		50		50		-	-
		1698 Mountain Industrial Blvd.	Stone Mountain	GA	—	Bank of America, N.A. (Bank of America Corporation)		5,704		24		24		-	-
		201 West Main St.	Cumming	GA	—	Bank of America, N.A. (Bank of America Corporation)		14,208		50		50		-	-
		2223 North Druid Hills Rd.	Atlanta	GA	—	Bank of America, N.A. (Bank of America Corporation)		6,260		28		28		-	-
		4545 Chamblee – Dunwoody Rd.	Dunwoody	GA	—	Bank of America, N.A. (Bank of America Corporation)		4,565		22		22		-	-
		825 Southway Dr.	Jonesboro	GA	—	Bank of America, N.A. (Bank of America Corporation)		4,894		19		19		-	-
		956 Ponce de Leon Ave.	Atlanta	GA	—	Bank of America, N.A. (Bank of America Corporation)		3,900		20		20		-	-
2023	2/28/2023	733 East Main St.	Jefferson	NC	—	Food Lion, LLC / Delhaize America, Inc.		34,555		40		39		-	-
2026	5/31/2026	6910 South Memorial Hwy.	Tulsa	OK	—	Toys “R” Us, Inc. / Toys "R" Us-Delaware, Inc.		43,123		59		59		-	-
2028	8/31/2028	9803 Edmonds Way	Edmonds	WA	—	Pudget Consumers Co-op d/b/a PCC Natural Markets		35,459		162		162		-	-
	11/30/2028	832 N. Westover Blvd .	Albany	GA	—	Gander Mountain Company		45,554		157		173		-	-
2043	2/28/2043	1237 W. Sherman Ave.	Vineland	NJ	—	HealthSouth Rehabilitation Hospital of South Jersey, LLC (HealthSouth Corporation)		39,287		281		281		-	-
N/A	Vacancy	1084 East Second St.	Franklin	OH	—	(Available for Lease)		29,119		-		-		-	-
RETAIL/SPECIALTY TOTAL/WEIGHTED AVERAGE						97.8% Leased		1,318,441		1,624		2,432		4,320

TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE						96.4% Leased (17)		42,181,607		89,455		102,449		933,430

Footnotes

Square foot leased or available.

Three months ended 3/31/2016 cash rent.

Three months ended 3/31/2016 GAAP rent.

Subsequent to 3/31/2016, Lexington entered into a 10-year lease for the entire space.

Tenant terminated its lease effective 1/31/2017 for a cash payment of $3.5 million received in 2015.

Lexington has a 71.1% interest in this property.

Property sold subsequent to 3/31/2016.

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

Tenant terminated its lease effective 6/30/2017 for a cash payment of $0.4 million received in 2015.

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.

Cash and GAAP rent amounts represent/include prior tenant.

21,365 square feet is leased to 7/31/2025.

Tenant terminated its lease effective 7/8/2016 for a cash payment of $1.5 million received in 2015.

The multi-tenanted properties incurred approximately $1.5 million in operating expenses, net for the three months ended 3/31/2016.

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

Tenant terminated its lease effective 1/31/2017 for a cash payment of $2.0 million received in July 2015 and an additional $2.0 million is due in 2017.

Consolidated portfolio is 96.7% leased, excluding properties owned subject to mortgages in default.

TD Auto Finance LLC lease rent terminated effective 2/29/2016 for a payment of $7.7 million was paid in April 2016. New lease with Charles Schwab & Co. Inc. commenced 3/1/2016.

Americold Logistics, LLC lease terminated effective 4/15/2016 for $1.0 million to be paid over an 18 month period. New lease with United States Cold Storage, Inc. commenced 4/16/2016.

Tenant exercised purchase option for $13.6 million. Property classified as held for sale.

ConAgra Foods, Inc. provides credit support.

LEXINGTON REALTY TRUST

Select Credit Metrics Summary

	3/31/2015			3/31/2016

Company FFO Payout Ratio		65.4	%		56.7	%

Unencumbered Assets (1)	$	3.20 billion		$	3.20 billion

Unencumbered NOI		68.4	%		67.0	%

(Debt + Preferred) / Gross Assets		44.1	%		45.5	%

Debt/Gross Assets		42.2	%		43.6	%

Market Cap Leverage		46.7	%		50.6	%

Secured Debt / Gross Assets		17.7	%		18.3	%

Net Debt / EBITDA (3)		6.5	x		6.5	x

(Net Debt + Preferred) / EBITDA (3)		6.8	x		6.8	x

Credit Facilities Availability (2)	$	294.9 million		$	253.0 million

Development / Gross Assets		2.9	%		2.3	%

EBITDA / Revenue (3)		75.3	%		75.7	%

EBITDA / (PrefDiv + Interest Expense) (3)		3.4	x		3.6	x

(JV + Advisory Income) / Revenues		0.5	%		0.6	%

Footnotes

(1)

Includes loans receivable.

(2)

Subject to covenant compliance.

(3)

EBITDA is defined as GAAP net income (loss) adjusted for (i) interest expense, (ii) income tax expense (benefit), (iii) depreciation and amortization, (iv) gains and impairments relating to assets, (v) debt satisfaction charges (gains), (vi) the impact of straight-line rent on contractual lease terms, excluding tenant lease termination adjustments, (vii) above and below market lease amortization, (viii) non-cash charges and gains, (ix) minority interests, net, (x) equity in earnings of non-consolidated entities, and (xi) our share of EBITDA for non-consolidated entities calculated in the same manner.

LEXINGTON REALTY TRUST

Historical Credit Metrics Summary

	2011			2012			2013			2014			2015

Company FFO Payout Ratio		48.5	%		56.1	%		60.3	%		60.8	%		61.8	%

Unencumbered Assets (1)(2)	$	1.15 billion		$	1.76 billion		$	2.59 billion		$	2.87 billion		$	3.30 billion

Unencumbered NOI (1)		25.9	%		34.5	%		55.3	%		59.9	%		69.2	%

(Debt + Preferred) / Gross Assets		48.7	%		46.6	%		43.0	%		44.0	%		45.9	%

Debt/Gross Assets		40.9	%		41.1	%		41.1	%		42.0	%		44.0	%

Market Cap Leverage		52.5	%		46.6	%		45.4	%		43.7	%		52.5	%

Secured Debt / Gross Assets (1)		31.9	%		30.9	%		23.9	%		19.0	%		17.7	%

Net Debt / EBITDA (4)		5.5	x		6.5	x		6.4	x		5.7	x		6.7	x

(Net Debt + Preferred) / EBITDA (4)		6.6	x		7.3	x		6.7	x		6.0	x		7.0	x

Credit Facilities Availability (3)	$	294.3 million		$	296.3 million		$	443.4 million		$	385.4 million		$	223.0 million

Development / Gross Assets		0.9	%		1.6	%		1.6	%		2.4	%		2.1	%

EBITDA / Revenue (4)		77.0	%		76.5	%		74.4	%		71.8	%		71.8	%

EBITDA / (PrefDiv + Interest Expense) (4)		2.3	x		2.4	x		3.1	x		3.1	x		3.3	x

(JV + Advisory Income) / Revenues		8.5	%		4.4	%		0.5	%		0.4	%		0.4	%

Footnotes:

(1)

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

(2)

Includes loans receivable.

(3)

Subject to covenant compliance.

(4)

LEXINGTON REALTY TRUST

FINANCIAL COVENANTS (1)

Corporate Level Debt

	Must be:	3/31/2016
Bank Loans:

Maximum Leverage	< 60%	47.9%
Fixed Charge Coverage	> 1.5X	2.6X
Recourse Secured Indebtedness Ratio	< 10% cap value	0.0%
Secured Indebtedness Ratio	< 45%	20.9%
Unsecured Debt Service Coverage	> 2.0X	4.7X
Unencumbered Leverage	< 60%	40.4%

Bonds:

Debt to Total Assets	< 60%	44.8%
Secured Debt to Total Assets	< 40%	18.8%
Debt Service Coverage	> 1.5X	4.0X
Unencumbered Assets to Unsecured Debt	> 150%	264.0%

Footnotes

(1)

As defined in respective loan/bond agreements.

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2016

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity ^(a)	Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Mortgages with Balloons
Temple, TX	(b)	$	7,463		6.090	%	01/2016	$	-	$	7,463
Bridgewater, NJ	(b)		14,118		5.732	%	03/2016		-		14,118
Omaha, NE	(q)		7,560		5.610	%	04/2016		37		7,560
Bremerton, WA	(o)		5,479		6.090	%	04/2016		14		5,479
Tempe, AZ	(q)		7,140		5.610	%	04/2016		34		7,140
Byhalia, MS	(j)		15,000		4.710	%	06/2016		184		15,000
Lisle, IL			9,406		6.500	%	06/2016		185		9,377
Farmers Branch, TX			18,373		5.939	%	07/2016		380		18,363
Glenwillow, OH			15,230		6.130	%	09/2016		493		15,132
Plymouth, IN			5,766		6.315	%	09/2016		197		5,723
Memphis, TN			3,537		5.710	%	01/2017		223		3,484
Huntington, WV			6,500		4.150	%	02/2017		248		6,500
Orlando, FL			9,433		5.722	%	02/2017		626		9,309
Dubuque, IA			9,014		5.402	%	06/2017		733		8,727
Shreveport, LA			19,000		5.690	%	07/2017		1,099		19,000
McDonough, GA			22,148		6.110	%	11/2017		1,674		21,651
Erwin, NY			7,742		5.910	%	10/2018		728		6,637
Boston, MA			12,241		6.100	%	12/2018		996		11,520
Overland Park, KS			33,977		5.891	%	05/2019		2,657		31,812
Kansas City, MO			16,196		5.883	%	05/2019		1,268		15,179
Columbus, IN			19,911		2.210	%	07/2019		4,757		4,993
Meridian, ID			9,213		6.010	%	08/2019		753		7,675
Streetsboro, OH			17,546		5.749	%	09/2019		1,344		16,338
Lenexa, KS			9,362		6.270	%	12/2019		774		7,770
Boca Raton, FL			19,559		6.470	%	02/2020		1,542		18,414
Oakland, ME			8,777		5.930	%	10/2020		750		7,660
Lavonia, GA			7,596		5.460	%	12/2020		741		5,895
Charleston, SC			7,161		5.850	%	02/2021		520		6,632
Whippany, NJ			13,581		6.298	%	11/2021		1,344		10,400
New York, NY	(q)		29,193		4.100	%	01/2025		1,217		29,193
Chester, SC			8,570		5.380	%	08/2025		1,144		362
Richland, WA			110,000		4.000	%	01/2026		4,400		99,492
New York, NY	(e)		213,226		4.660	%	01/2027		10,295		200,632
Lenexa, KS			36,251		3.700	%	11/2027		3,025		10,000
Richmond, VA			57,500		5.191	%	02/2031		3,026		53,176
Subtotal/Wtg. Avg./Years Remaining (l)		$	812,769		4.996	%	7.1	$	47,408	$	717,806

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2016

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity ^(a)	Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Full Amortizing Mortgages
Lorain, OH			1,173		7.750	%	07/2018		481		-
Manteca, CA			828		7.750	%	07/2018		339		-
Watertown, NY			779		7.750	%	07/2018		319		-
Fairlea, WV			547		7.750	%	07/2018		224		-
San Diego, CA			528		7.750	%	07/2018		216		-
Galesburg, IL			465		7.750	%	07/2018		191		-
North Berwick, ME			4,468		3.560	%	04/2019		1,532		-
Wall, NJ			16,198		6.250	%	01/2021		3,774		-
Palo Alto, CA			47,225		3.970	%	12/2023		7,059		-
Long Island City, NY			48,450		3.500	%	03/2028		4,538		-

Subtotal/Wtg. Avg./Years Remaining ^(l)		$	120,661		4.208	%	8.6	$	18,673	$	-

Subtotal/Wtg. Avg./Years Remaining ^(l)		$	933,430		4.894	%	7.3	$	66,081	$	717,806

Corporate (k)
Revolving Credit Facility	(p)	$	147,000		1.438	%	08/2019	$	2,143	$	147,000
Term Loan	(m)		250,000		2.192	%	08/2020		5,556		250,000
Term Loan	(n)		255,000		2.523	%	01/2021		6,523		255,000
Senior Notes	(h)		250,000		4.250	%	06/2023		10,625		250,000
Senior Notes	(f)		250,000		4.400	%	06/2024		11,000		250,000
Convertible Notes	(i)(c)		12,400		6.000	%	01/2030		744		12,400
Trust Preferred Notes	(g)		129,120		6.804	%	04/2037		8,785		129,120
Subtotal/Wtg. Avg./Years Remaining ^(l)		$	1,293,520		3.493	%	7.2	$	45,376	$	1,293,520
Total/Wtg. Avg./Years Remaining ^(l)		$	2,226,950		4.080	%	7.2	$	111,457	$	2,011,326

Footnotes

(a)

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

(b)

Loan is in default.

(c)

Represents full payable of notes; discount of $167 excluded from balance.

(d)

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

(e)

Loan is cross-collateralized on three properties.

(f)

Represents full payable of notes; discount of $239 excluded from balance.

(g)

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

(h)

Represents full payable of notes; discount of $1,745 excluded from balance.

(i)

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

(j)

Property was expanded. Mortgage is recourse during expansion and Lexington was not released from the guaranty as of 3/31/2016.

(k)

Unsecured.

(l)

Total shown may differ from detailed amounts due to rounding.

(m)

Rate ranges from LIBOR plus 0.90% to 1.75%. LIBOR rate fixed at 1.09% through February 2018 via interest rate swap agreements.

(n)

Rate ranges from LIBOR plus 0.90% to 1.75%. LIBOR rate fixed at 1.42% through January 2019 via interest rate swap agreements.

(o)

Subsequent to 3/31/2016, loan is in default.

(p)

Rate ranges from LIBOR plus 0.85% and 1.55%.

(q)

Loan satisfied subsequent to 3/31/16.

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

3/31/2016

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⁾
Rehab Humble Lessee	$	14,290	$	2,143		4.700	%	05/2017	$	950	$	13,982	$	2,097
Gan Palm Beach Lessee		14,395		3,599		3.700	%	03/2018		842		13,768		3,442
BP Lessee		18,791		2,819		4.010	%	11/2018		764		18,791		2,819
Total/Wtg. Avg. ⁽¹⁾/Years Remaining ⁽²⁾	$	47,476	$	8,561		4.052	%	1.9	$	2,556	$	46,541	$	8,358

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

Debt Maturity Schedule

3/31/2016

($000)

Consolidated Properties
Year	Mortgage Scheduled Amortization		Mortgage Balloon Payments		Corporate Debt
2016 - remaining	$	19,108	$	105,355	$	-
2017		26,834		68,671		12,400
2018		26,507		18,157		-
2019		22,580		83,767		147,000
2020		18,787		31,969		250,000
	$	113,816	$	307,919	$	409,400

Non-Consolidated Investments - LXP Proportionate Share
Year	Mortgage Scheduled Amortization		Mortgage Balloon Payments
2016 - remaining	$	88	$	-
2017		94		2,097
2018		21		6,261
2019		-		-
2020		-		-
	$	203	$	8,358

Footnotes

(1)

Percentage denotes weighted-average interest rate.

LEXINGTON REALTY TRUST

Mortgage Loans Receivable

3/31/2016

Collateral
	City	State	Loan Balance ($000)(1)		Interest Rate			Maturity Date	Current Estimated Annual Debt Service ($000)(2)		Balloon Payment ($000)
Office	Oklahoma City (3)	OK	$	8,420		11.50	%	03/2016	$	-	$	8,420
Retail	Various	Various		857		8.00	%	02/2021		219		-
	Various	Various		404		8.00	%	12/2021		94		-
	Various	Various		535		8.00	%	03/2022		112		-
Hospital	Kennewick	WA		85,554		9.00	%	05/2022		7,438		87,245
	Total Mortgage Loans Receivable		$	95,770					$	7,863	$	95,665

Footnotes

(1)

Includes accrued interest receivable, loan losses, 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)

Short-term loan to joint venture partner. Loan is in default.

LEXINGTON REALTY TRUST

Partnership Interests

Three months ended March 31, 2016

($000)

Noncontrolling Interest Properties - Partners' Proportionate Share (1)

EBITDA	$	160
Depreciation and amortization	$	8

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

EBITDA	$	636
Interest expense	$	88

Footnotes

(1)

Excludes OP unit noncontrolling interests.

LEXINGTON REALTY TRUST

Selected Balance Sheet and Income Statement Account Data

3/31/2016

($000)

Balance Sheet

Other assets	$	18,176

The components of other assets are:

Deposits	$	368
Equipment		686
Prepaids		3,359
Other receivables		550
Deferred lease incentives		13,061
Deferred tax asset		27
Other		125

Accounts payable and other liabilities

The components of accounts payable and other liabilities are:	$	35,688

Accounts payable and accrued expenses	$	9,950
CIP accruals and other		3,180
Taxes		2,551
Deferred lease and loan costs		6,275
Deposits		1,085
Escrows		1,387
Transaction / build-to-suit costs		4,696
Interest rate swap derivative liability		6,564

Income Statement - Three months ended March 31, 2016

Non-cash interest expense, net	$	20

Investor Information

Transfer Agent

Computershare	Overnight Correspondence:
PO Box 30170	211 Quality Circle, Suite 210
College Station, TX 77842-3170	College Station, TX, 77845
(800) 850-3948
www-us.computershare.com/investor

Investor Relations

Heather Gentry

Senior Vice President, Investor Relations

Telephone (direct)	(212) 692-7219
Facsimile (main)	(212) 594-6600
E-mail	hgentry@lxp.com

Research Coverage

Bank of America/Merrill Lynch		Ladenburg Thalmann & Co., Inc.
James Feldman	(646) 855-5808	Daniel P. Donlan	(212) 409-2056

Barclays Capital		Stifel Nicolaus
Ross L. Smotrich	(212) 526-2306	John W. Guinee	(443) 224-1307

Evercore Partners		Wells Fargo Securities, LLC
Sheila K. McGrath	(212) 497-0882	Todd J. Stender	(562) 637-1371

J.P. Morgan Chase		Jeffries & Company, Inc.
Anthony Paolone	(212) 622-6682	Omotayo Okusanya	(212) 336-7076

KeyBanc Capital Markets Inc.
Craig Mailman	(917) 368-2316

Weighted-Average Lease Term - Cash Basis

As of 3/31/16

As of 3/31/15

Weighted-Average Lease Term - Cash Basis - Adjusted⁽³⁾

As of 3/31/16

As of 3/31/15