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

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8-K - LEXIINGTON REALTY TRUST 8-K 5-5-2011 - LEXINGTON REALTY TRUST	form8k.htm
EX-99.2 - EXHIBIT 99.2 - LEXINGTON REALTY TRUST	ex99_2.htm

Quarterly Earnings and

Supplemental Operating and Financial Data

March 31, 2011

LEXINGTON REALTY TRUST

SUPPLEMENTAL REPORTING PACKAGE

March 31, 2011

Table of Contents

Section		Page

First Quarter 2011Earnings Press Release		3

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

Investor Information		45

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

	Lexington Realty Trust
	TRADED: NYSE: LXP
	One Penn Plaza, Suite 4015
	New York NY 10119-4015

Contact:

Investor or Media Inquiries, T. Wilson Eglin, CEO

Lexington Realty Trust

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

FOR IMMEDIATE RELEASE

Thursday, May 5, 2011

LEXINGTON REALTY TRUST REPORTS FIRST QUARTER 2011 RESULTS

New York, NY – May 5, 2011 – 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, 2011.

First Quarter 2011 Highlights

Generated Company Funds From Operations (“Company FFO”) of $41.7 million or $0.25 per diluted common share/unit, adjusted for certain items.

Increased portfolio occupancy 190 basis points to 95.3%, highest level since 2007.

Executed 14 new and renewal leases, totaling approximately 1.7 million square feet.

Reduced consolidated debt by $71.1 million.

Disposed of interests in six properties for an aggregate gross sales price of $108.9 million at a weighted-average cap rate of 7.0%.

Refinanced existing credit facility with a $300.0 million secured revolving credit facility increasing the availability by $80.0 million and extending the maturity for three years.

Agreed to (1) lend up to approximately $18.0 million to fund the construction of a 99,000 square foot office property and (2) purchase the property upon completion of construction and commencement of a 15-year net lease at an initial cap rate of 9.5%.

Subsequent to Quarter End Highlights

Made a $14.2 million preferred equity investment in a joint venture formed to acquire a 210,000 square foot office property.

Contracted to (1) lend up to approximately $11.8 million to fund the construction of a 70,000 square foot office property and (2) purchase the property upon completion of construction and commencement of a 15-year net lease at an initial cap rate of 9.4%.

Acquired a property for $27.5 million.

Executed six new and renewal leases, totaling approximately 1.0 million square feet.

T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, “Our strong operating results represent evidence of the ongoing progress we are making in executing our business plan. In the first quarter, we disposed of six non-core properties for $108.9 million, reduced our consolidated debt by $71.1 million, executed new and renewal leases for 1.7 million square feet and raised overall portfolio occupancy 190 basis points to 95.3%. Since the end of the quarter, we closed an additional $41.7 million of accretive external growth opportunities. We will continue to pursue our strategy of monetizing non-core assets, reducing our debt and selectively redeploying our capital into assets with long-term leases, as we seek to increase value for shareholders.”

Page 3 of 45

FINANCIAL RESULTS

Revenues

For the quarter ended March 31, 2011, total gross revenues were $83.3 million, compared with total gross revenues of $82.2 million for the quarter ended March 31, 2010.

Company FFO Attributable to Common Shareholders/Unitholders

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

	Three Months Ended March 31,
	2011			Per Diluted Share/Unit			2010			Per Diluted Share/Unit
Reported Company FFO(A)	$	15.0		$	0.09		$	14.0		$	0.10
Debt satisfaction charges (gains), net		0.6						(2.6	)
Forward equity commitment		(6.0	)					(2.1	)
Impairment losses – real estate		29.6						28.0
Impairment losses – real estate noncontrolling interests		--						(3.1	)
Impairment loss – JV		1.6						--
Other		0.9						0.2
Company FFO, as adjusted	$	41.7		$	0.25	(B)	$	34.4		$	0.25	(B)

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

(B)	Per diluted share/unit reflects the impact of estimated net common shares retired upon the assumed settlement of the forward equity commitment of (3,544,219) and (3,312,724) for the three months ended March 31, 2011 and 2010, respectively.

Net Loss Attributable to Common Shareholders

For the quarter ended March 31, 2011, net loss attributable to common shareholders was $(23.6) million, or a loss of $(0.21) per diluted share, compared with net loss attributable to common shareholders for the quarter ended March 31, 2010 of $(33.0) million, or a loss of $(0.27) per diluted share.

Capital Activities and Balance Sheet Update

Consolidated indebtedness was reduced in the first quarter by $71.1 million, including $56.0 million of non-recourse mortgage debt on five properties.

During the quarter, Lexington refinanced its existing $220.0 million secured revolving credit facility which was scheduled to mature in February 2011, with a $300.0 million secured revolving credit facility, which matures in January 2014 but can be extended to January 2015 at Lexington’s option. The new credit facility is secured by ownership interest pledges and guarantees by certain of Lexington’s subsidiaries. With the consent of the lenders, Lexington can increase the size of the secured revolving credit facility by $225.0 million, for a total facility size of $525.0 million. As of quarter end, no borrowings were outstanding under the facility.

Page 4 of 45

Common Share Dividend/Distribution

During the quarter ended March 31, 2011, Lexington declared a regular quarterly dividend/distribution of $0.115 per common share/unit, which was paid in cash on April 15, 2011 to common shareholders/unitholders of record as of March 31, 2011.

OPERATING ACTIVITIES

Capital Recycling

During the first quarter of 2011, Lexington disposed of six properties to unrelated parties for an aggregate gross sales price of $108.9 million, representing a weighted-average cap rate of 7.0%.

Investments

During the first quarter of 2011, Lexington agreed (1) to lend up to approximately $18.0 million to fund the construction of a 99,000 square foot office property in Saint Joseph, Missouri and (2) to acquire the property upon completion of construction and commencement of the tenant lease, which is expected to occur in the second quarter of 2012. The property will be net-leased for a term of 15 years. No assurance can be provided that construction will be completed or the acquisition will be consummated.

Subsequent to quarter end, Lexington:

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

Agreed to (1) lend up to approximately $11.8 million to fund the construction of a 70,000 square foot office property in Huntington, West Virginia and (2) acquire the property for a maximum price of $13.0 million (9.4% initial cap rate) upon completion of construction and commencement of the tenant lease, which is expected to occur in the fourth quarter of 2011. The property will be net-leased for a term of 15 years. No assurance can be provided that construction will be completed or the acquisition will be consummated.

Acquired a 514,000 square foot industrial facility in Byhalia, Mississippi (Memphis, TN-CBSA) for $27.5 million (9.3% initial cap rate). The facility is net-leased for a 15-year term. Lexington has locked rate on a $15.0 million, 4.71% interest only non-recourse mortgage loan, which matures in 2016.

In addition to funding the construction of the build-to-suit properties in Saint Joseph, Missouri and Huntington, West Virginia, we continue to fund the construction of the previously announced build-to-suit property in Shelby, North Carolina. The total take-out acquisition price for these three build-to-suit properties is expected to be $55.0 million.

Page 5 of 45

Leasing Activity

For the quarter ended March 31, 2011, 14 new and renewal leases for 1.7 million square feet were executed in Lexington’s portfolio. At March 31, 2011, Lexington’s overall portfolio was 95.3% leased.

2011 EARNINGS GUIDANCE

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

FIRST QUARTER 2011 CONFERENCE CALL

Lexington will host a conference call today, Thursday, May 5, 2011, at 11:00 a.m. Eastern Time, to discuss its results for the quarter ended March 31, 2011. Interested parties may participate in this conference call by dialing (888) 438-5525 or (719) 457-2683. A replay of the call will be available through May 19, 2011, at (877) 870-5176 or (858) 384-5517, pin: 5936868. A live webcast of the conference call will be available at www.lxp.com within the Investor Relations section.

ABOUT LEXINGTON REALTY TRUST

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

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

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

Page 6 of 45

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended March 31, 2011 and 2010

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

	2011			2010
Gross revenues:
Rental	$	74,357		$	72,684
Advisory and incentive fees		296			414
Tenant reimbursements		8,616			9,052
Total gross revenues		83,269			82,150

Expense applicable to revenues:
Depreciation and amortization		(39,483	)		(39,970	)
Property operating		(17,120	)		(17,278	)
General and administrative		(5,450	)		(5,978	)
Non-operating income		2,998			2,226
Interest and amortization expense		(27,107	)		(30,322	)
Debt satisfaction gains (charges), net		19			(762	)
Change in value of forward equity commitment		5,993			2,077

Income (loss) before benefit (provision) for income taxes, equity in earnings of non-consolidated entities and discontinued operations		3,119			(7,857	)
Benefit (provision) for income taxes		1,523			(637	)
Equity in earnings of non-consolidated entities		3,999			5,239
Income (loss) from continuing operations		8,641			(3,255	)

Discontinued operations:
Income (loss) from discontinued operations		638			(1,903	)
Provision for income taxes		(1	)		(4	)
Debt satisfaction gains (charges), net		(603	)		3,385
Gains on sales of properties		4,899			446
Impairment charges		(29,567	)		(27,995	)
Total discontinued operations		(24,634	)		(26,071	)
Net loss		(15,993	)		(29,326	)
Less net (income) loss attributable to noncontrolling interests		(1,446	)		2,559
Net loss attributable to Lexington Realty Trust shareholders		(17,439	)		(26,767	)
Dividends attributable to preferred shares – Series B		(1,590	)		(1,590	)
Dividends attributable to preferred shares – Series C		(1,690	)		(1,702	)
Dividends attributable to preferred shares – Series D		(2,926	)		(2,926	)
Dividends attributable to non-vested common shares		(79	)		(62	)
Redemption discount – Series C		86			--
Net loss attributable to common shareholders	$	(23,638	)	$	(33,047	)

Income (loss) per common share – basic:
Income (loss) from continuing operations	$	0.01		$	(0.08	)
Loss from discontinued operations		(0.17	)		(0.19	)
Net loss attributable to common shareholders	$	(0.16	)	$	(0.27	)

Weighted-average common shares outstanding – basic		146,175,508			121,472,739

Loss per common share – diluted:
Loss from continuing operations	$	(0.04	)	$	(0.08	)
Loss from discontinued operations		(0.17	)		(0.19	)
Net loss attributable to common shareholders	$	(0.21	)	$	(0.27	)

Weighted-average common shares outstanding – diluted		142,631,289			121,472,739

Amounts attributable to common shareholders:
Income (loss) from continuing operations	$	775		$	(10,248	)
Loss from discontinued operations		(24,413	)		(22,799	)
Net loss attributable to common shareholders	$	(23,638	)	$	(33,047	)

Page 7 of 45

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

March 31, 2011 (unaudited) and December 31, 2010

(In thousands, except share and per share data)

	2011			2010
Assets:
Real estate, at cost	$	3,219,514		$	3,363,586
Investments in real estate under construction		18,343			11,258
Less: accumulated depreciation and amortization		604,219			601,239
		2,633,638			2,773,605
Property held for sale – discontinued operations		7,393			7,316
Intangible assets, net		189,195			203,495
Cash and cash equivalents		76,928			52,644
Restricted cash		28,424			26,644
Investment in and advances to non-consolidated entities		74,280			72,480
Deferred expenses, net		43,528			39,912
Loans receivable, net		90,266			88,937
Rent receivable – current		7,158			7,498
Rent receivable – deferred		8,679			6,293
Other assets		63,081			56,172
Total assets	$	3,222,570		$	3,334,996

Liabilities and Equity:
Liabilities:
Mortgages and notes payable	$	1,413,434		$	1,481,216
Exchangeable notes payable		61,604			61,438
Convertible notes payable		103,695			103,211
Trust preferred securities		129,120			129,120
Dividends payable		23,120			23,071
Liabilities – discontinued operations		292			3,876
Accounts payable and other liabilities		45,914			51,292
Accrued interest payable		7,936			13,989
Deferred revenue - below market leases, net		94,202			96,490
Prepaid rent		24,953			15,164
		1,904,270			1,978,867
Commitments and contingencies

Equity:
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares, Series B Cumulative Redeemable Preferred, liquidation preference $79,000, 3,160,000 shares issued and outstanding		76,315			76,315
Series C Cumulative Convertible Preferred, liquidation preference $103,995 and $104,760, 2,079,904 and 2,095,200 shares issued and outstanding in 2011 and 2010, respectively		101,035			101,778
Series D Cumulative Redeemable Preferred, liquidation preference $155,000, 6,200,000 shares issued and outstanding		149,774			149,774
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 147,084,403 and 146,552,589 shares issued and outstanding in 2011 and 2010, respectively		15			15
Additional paid-in-capital		1,941,116			1,937,942
Accumulated distributions in excess of net income		(1,026,035	)		(985,562	)
Accumulated other comprehensive income (loss)		526			(106	)
Total shareholders’ equity		1,242,746			1,280,156
Noncontrolling interests		75,554			75,973
Total equity		1,318,300			1,356,129
Total liabilities and equity	$	3,222,570		$	3,334,996

Page 8 of 45

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

COMPANY EARNINGS PER SHARE

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

	Three Months Ended March 31,
	2011			2010
EARNINGS PER SHARE:
Basic:
Income (loss) from continuing operations attributable to common shareholders	$	775		$	(10,248	)
Loss from discontinued operations attributable to common shareholders		(24,413	)		(22,799	)
Net loss attributable to common shareholders	$	(23,638	)	$	(33,047	)

Weighted-average number of common shares outstanding		146,175,508			121,472,739
Income (loss) per common share:
Income (loss) from continuing operations	$	0.01		$	(0.08	)
Loss from discontinued operations		(0.17	)		(0.19	)
Net loss attributable to common shareholders	$	(0.16	)	$	(0.27	)

Diluted:
Income (loss) from continuing operations attributable to common shares	$	775		$	(10,248	)
Deduct change in value of forward equity commitment		(5,993	)		--
Loss from continuing operations attributable to common shareholders		(5,218	)		(10,248	)
Loss from discontinued operations attributable to common shareholders		(24,413	)		(22,799	)
Net loss attributable to common shareholders	$	(29,631	)	$	(33,047	)

Weighted-average number of common shares outstanding – basic		146,175,508			121,472,739
Forward equity commitment settlement		(3,544,219	)		--
Weighted-average number of common shares outstanding – diluted		142,631,289			121,472,739
Loss per common share:
Loss from continuing operations	$	(0.04	)	$	(0.08	)
Loss from discontinued operations		(0.17	)		(0.19	)
Net loss attributable to common shareholders	$	(0.21	)	$	(0.27	)

Page 9 of 45

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

COMPANY FUNDS FROM OPERATIONS PER SHARE

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

	Three Months Ended March 31,
	2011			2010
COMPANY FUNDS FROM OPERATIONS: (1)
Basic and Diluted:
Net loss attributable to common shareholders	$	(23,638	)	$	(33,047	)
Adjustments:
Depreciation and amortization		38,596			43,122
Noncontrolling interests - OP units		440			309
Amortization of leasing commissions		907			1,073
Joint venture and noncontrolling interest adjustment		(295	)		(320	)
Preferred dividends - Series C		1,604			1,702
Gains on sales of properties		(4,899	)		(446	)
Interest and amortization on 6.00% Convertible Notes		2,327			1,633
Company FFO	$	15,042		$	14,026

Basic:
Weighted-average common shares outstanding – basic		146,175,508			121,472,739
6.00% Convertible Notes		16,230,905			11,581,182
Non-vested share-based payment awards		121,881			44,341
Operating Partnership Units		4,899,320			5,389,257
Preferred Shares – Series C		5,092,475			5,099,507
Weighted-average common shares outstanding		172,520,089			143,587,026
Company FFO per common share - Basic	$	0.09		$	0.10

Diluted:
Weighted-average common shares outstanding – basic		146,175,508			121,472,739
6.00% Convertible Notes		16,230,905			11,581,182
Non-vested share-based payment awards		121,881			44,341
Operating Partnership Units		4,899,320			5,389,257
Preferred Shares – Series C		5,092,475			5,099,507
Options – Incremental shares		388,991			--
Weighted-average common shares outstanding		172,909,080			143,587,026
Company FFO per common share – Diluted	$	0.09		$	0.10

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

Page 10 of 45

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

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

# # #

Page 11 of 45

LEXINGTON REALTY TRUST

2011 First Quarter Disposition Summary

	NEW LEASES
	Tenants/Guarantors	Location		Lease Expiration Date		Sq. Ft.		New Cash Rent Per Annum ($000)(1)		New GAAP Rent Per Annum ($000)(1)
	Office/Multi-Tenant
1	Rhoda Hood	Honolulu	HI		12/2011		349	$	4	$	4
2	Consumer Credit Counseling Service of Greater Atlanta, Inc.	Decatur	GA		05/2014		1,083	$	21	$	21
3	Café 160	Decatur	GA		01/2014		1,334	$	12	$	12
4	Rachel McKenna and Shannon Gray Jacklin	Honolulu	HI		02/2012		444	$	2	$	2
5	Triumph Services, LLC	Glen Allen	VA		06/2016		2,034	$	22	$	22
6	Consummate Works LLC	Decatur	GA		08/2016		2,594	$	35	$	35
7	DLA Piper LLP (US)	Baltimore	MD		11/2016		5,953	$	111	$	111
7	Total new office/multi-tenant leases						13,791	$	207	$	207
	Industrial
1	Wagner Industries, Inc. (2)	Jacksonville	FL		01/2014		168,800	$	140	$	136
2	Northtec LLC (The Estee Lauder Companies Inc.)	Bristol	PA		10/2026		241,977	$	498	$	1,123
3	Goss International Americas, Inc. (Goss International Corporation) (3)	Durham	NH		03/2026		500,500	$	2,400	$	2,400
4	Owens Corning Insulating Systems, LLC	Hebron	OH		05/2011		168,960	$	371	$	371
4	Total new industrial leases						1,080,237	$	3,409	$	4,030
	Retail/Multi-Tenant
1	Fielding Martinez, LLC	Baltimore	MD		03/2021		1,486	$	40	$	40
1	Total new retail/multi-tenant leases						1,486	$	40	$	40
12	TOTAL NEW LEASES						1,095,514	$	3,656	$	4,277

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

	Office/Multi-Tenant
1	Bank of America, National Association	Brea	CA		06/2012		06/2019		637,503	$	7,650	$	8,710	$	8,431	$	8,794
2	Profiles Financial Group, Inc.	Beaumont	TX		01/2011		01/2013		2,145	$	33	$	32	$	33	$	32
2	TOTAL LEASE EXTENSIONS								639,648	$	7,683	$	8,742	$	8,464	$	8,826

14	TOTAL NEW AND EXTENDED LEASES								1,735,162	$	11,339	$	8,742	$	12,741	$	8,826

Page 12 of 45

LEXINGTON REALTY TRUST

2011 First Quarter Disposition Summary

	LEASE NON-RENEWAL
	Tenants/Guarantors	Location		Lease Expiration Date		Sq. Ft.		Prior Cash Rent Per Annum ($000)		Prior GAAP Rent Per Annum ($000)
	Office
1	HSBC Card Services, Inc. (HSBC Finance Corporation)	Tulsa	OK		01/2011		101,100	$	1,434	$	1,434
2	The Wackenhut Corporation	Palm Beach Gardens	FL		02/2011		96,118	$	1,813	$	1,811

2	TOTAL LEASE NON-RENEWALS						197,218	$	3,247	$	3,245

Footnotes

(1)	Assumes twelve months rent from the later of 04/01/2011 or lease commencement/extension.

(2)	Investment held in Net Lease Strategic Assets Fund L.P., rent amounts reflect Lexington's 47.73% ownership percentage.

(3)	Term commences 03/31/2021 at expiration of current tenant's lease term.

Page 13 of 45

LEXINGTON REALTY TRUST

2011 First Quarter Disposition Summary

	DISPOSITIONS
	Tenants/Guarantors	Location		Property Type	Gross Sale Price ($000)		Annualized NOI ($000)			Month of Disposition
1	Vacant	New Kingstown	PA	Industrial	$	3,650	$	(160	)	January
2	Vacant (1)	Swedesboro	NJ	Industrial	$	9,050	$	(373	)	January
3	Ong’s Family, Inc.	Carrollton	TX	Retail	$	2,575	$	277		January
4	Vacant	Montgomery	AL	Retail	$	-	$	(5	)	January
5	Multi-Tenant	Parsippany	NJ	Multi-Tenant/Office	$	63,100	$	4,906		February
6	Harbor Freight Tools USA, Inc. (Central Purchasing, Inc.) (1)	Dillon	SC	Industrial	$	30,500	$	3,010		March

6	TOTAL DISPOSITIONS				$	108,875	$	7,655

Footnotes

(1)	Gross sales price includes mortage debt balance assumed by buyer in connection with the sale.

Page 14 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2011 ($000) (2)		GAAP Base Rent as of 3/31/2011 ($000) (3)
OFFICE PROPERTIES
2011	9/30/2011	200 Lucent Ln.	Cary	NC	--	Alcatel-Lucent USA, Inc.		1999		124,944		587		515
	11/30/2011	4000 Johns Creek Pkwy.	Suwanee	GA	--	PerkinElmer Instruments, LLC		2001		13,955		139		120
	12/31/2011	2050 Roanoke Rd.	Westlake	TX	(17)	Chrysler Financial Services Americas, LLC		2001		130,290		915		864
		37101 Corporate Dr.	Farmington Hills	MI	--	Continental Automotive Systems, Inc.		2001		119,829		1,968		1,244
2012	1/31/2012	1275 Northwest 128th St.	Clive	IA	--	Principal Life Insurance Company		2004		61,180		200		200
		26210 and 26220 Enterprise Court	Lake Forest	CA	--	Apria Healthcare, Inc. (Apria Healthcare Group, Inc.)		2001		100,012		504		448
		4000 Johns Creek Pkwy.	Suwanee	GA	--	Kraft Foods Global, Inc.		2001		73,264		360		346
	3/31/2012	120 East Shore Dr.	Glen Allen	VA	--	Capital One Services, LLC		2000		77,045		183		192
		1701 Market St.	Philadelphia	PA	(4)	Car-Tel Communications, Inc.		1957/1997		1,220		12		12
		3940 South Teller St.	Lakewood	CO	--	MoneyGram Payment Systems, Inc.		2002		68,165		310		217
	8/31/2012	2706 Media Center Dr.	Los Angeles	CA	--	Sony Electronics, Inc.		2000		20,203		53		53
		5757 Decatur Blvd.	Indianapolis	IN	--	Allstate Insurance Company		2002		84,200		343		387
						Damar Services, Inc.		2002		5,756		11		11
	10/31/2012	4455 American Way	Baton Rouge	LA	--	Bell South Mobility Inc.		1997		70,100		289		278
	11/7/2012	2706 Media Center Dr.	Los Angeles	CA	--	Playboy Enterprises, Inc.		2000		63,049		387		314
	11/14/2012	2211 South 47th St.	Phoenix	AZ	--	Avnet, Inc.		1997		176,402		602		565
	12/31/2012	200 Executive Blvd. South	Southington	CT	--	Hartford Fire Insurance Company		1984/2006		153,364		419		406
2013	1/31/2013	12600 Gateway Blvd.	Fort Meyers	FL	--	Gartner, Inc.		1998		62,400		283		273
		810 & 820 Gears Rd.	Houston	TX	--	IKON Office Solutions, Inc.		2000		157,790		574		563
	3/31/2013	3165 McKelvey Rd.	Bridgeton	MO	--	BJC Health System		1981		52,994		96		132
	4/30/2013	Sandlake Rd./Kirkman Rd.	Orlando	FL	--	Lockheed Martin Corporation		1982		184,000		240		467
	5/31/2013	6303 Barfield Rd.	Atlanta	GA	--	International Business Machines Corporation (Internet Security Systems, Inc.)		2000/2001		238,600		1,235		1,220
	6/30/2013	2210 Enterprise Dr.	Florence	SC	--	JPMorgan Chase Bank, National Association		1998		179,300		314		314
	9/30/2013	9200 South Park Center Loop	Orlando	FL	--	Corinthian Colleges, Inc.		2003		59,927		330		290
	11/30/2013	10475 Crosspoint Blvd.	Indianapolis	IN	--	Yellow Book Sales and Distribution Company, Inc.		1999		3,764		16		16
		1110 Bayfield Dr.	Colorado Springs	CO	--	Honeywell International, Inc.	1980/1990/ 2002			166,575		0		400
	12/13/2013	3333 Coyote Hill Rd.	Palo Alto	CA	--	Xerox Corporation	1973/1975/ 1982			202,000		875		848
	12/31/2013	2550 Interstate Dr.	Harrisburg	PA	--	New Cingular Wireless PCS, LLC		1998		81,859		476		468
2014	1/31/2014	1701 Market St.	Philadelphia	PA	(4)	Morgan, Lewis & Bockius, LLP		1957/1997		290,565		1,116		1,116
	3/15/2014	101 East Erie St.	Chicago	IL	--	Draftfcb, Inc. (Interpublic Group of Companies, Inc.)		1986		212,988		1,025		1,243
	5/31/2014	3476 Stateview Blvd.	Fort Mill	SC	--	Wells Fargo Bank, N.A.		2002		169,083		645		634
		3480 Stateview Blvd.	Fort Mill	SC	--	Wells Fargo Bank, N.A.		2004		169,218		886		863
		859 Mount Vernon Hwy.	Atlanta	GA	(8)	International Business Machines Corporation (Internet Security Systems, Inc.) / Problem Solved, LLC (iXP Corporation)		2004		50,400		313		257
	7/31/2014	16676 Northchase Dr.	Houston	TX	--	Anadarko Petroleum Corporation		2003		101,111		412		407
	9/30/2014	333 Mt. Hope Ave.	Rockaway	NJ	--	BASF Corporation	1981/2002/ 2004			95,500		561		531
	10/31/2014	1409 Centerpoint Blvd.	Knoxville	TN	--	Alstom Power, Inc.		1997		84,404		416		405
		2800 Waterford Lake Dr.	Midlothian	VA	--	Alstom Power, Inc.		2000		99,057		518		504
		700 US Hwy. Route 202-206	Bridgewater	NJ	--	Biovail Pharmaceuticals, Inc. (Biovail Corporation)	1985/2003/ 2004			115,558		578		712
	12/14/2014	22011 Southeast 51st St.	Issaquah	WA	--	OSI Systems, Inc. (Instrumentarium Corporation)		1987		95,600		499		472
		5150 220th Ave.	Issaquah	WA	--	OSI Systems, Inc. (Instrumentarium Corporation)		1992		106,944		567		538
	12/31/2014	1066 Main St.	Forest Park	GA	--	Bank of America, NA (Bank of America Corporation)		1969		14,859		50		50
		1698 Mountain Industrial Blvd.	Stone Mountain	GA	--	Bank of America, NA (Bank of America Corporation)		1973		5,704		24		24
		180 South Clinton St.	Rochester	NY	--	Frontier Corporation		1988/2000		226,000		744		743

Page 15 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2011 ($000) (2)		GAAP Base Rent as of 3/31/2011 ($000) (3)
OFFICE PROPERTIES
		201 West Main St.	Cumming	GA	--	Bank of America, NA (Bank of America Corporation)		1968/1982		14,208		50		50
		2223 North Druid Hills Rd.	Atlanta	GA	--	Bank of America, NA (Bank of America Corporation)		1972		6,260		28		28
		275 Technology Dr.	Canonsburg	PA	--	ANSYS, Inc.		1996		107,872		357		344
		400 Butler Farm Rd.	Hampton	VA	--	Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company)		1999		100,632		314		310
		4545 Chamblee – Dunwoody Rd.	Chamblee	GA	--	Bank of America, NA (Bank of America Corporation)		1972		4,565		22		22
		825 Southway Dr.	Jonesboro	GA	--	Bank of America, NA (Bank of America Corporation)		1971		4,894		19		19
		956 Ponce de Leon Ave.	Atlanta	GA	--	Bank of America, NA (Bank of America Corporation)		1975		3,900		20		20
2015	1/31/2015	26555 Northwestern Hwy.	Southfield	MI	--	Federal-Mogul Corporation	1963/1965/ 1988/1989			187,163		290		355
	4/30/2015	13775 McLearen Rd.	Herndon	VA	--	Equant, Inc. (Equant, NV)	1985/1986/ 1992/1999			125,293		541		534
	7/1/2015	33 Commercial St.	Foxboro	MA	--	Invensys Systems, Inc. (Siebe, Inc.)		1982/1987		164,689		2,907		890
	7/31/2015	4001 International Pkwy.	Carrollton	TX	--	Motel 6 Operating, LP (Accor S.A.)		2003		138,443		800		799
	9/27/2015	10001 Richmond Ave.	Houston	TX	--	Baker Hughes Incorporated		1976		554,385		6,567		1,844
		12645 West Airport Rd.	Sugar Land	TX	--	Baker Hughes Incorporated		1997		165,836		1,667		486
	9/30/2015	500 Olde Worthington Rd.	Westerville	OH	--	InVentiv Communications, Inc.		2000		97,000		278		314
		550 Business Center Dr.	Lake Mary	FL	--	JPMorgan Chase Bank, National Association		1999		125,920		458		524
		600 Business Center Dr.	Lake Mary	FL	--	JPMorgan Chase Bank, National Association		1996		125,155		439		513
	10/31/2015	12209 West Markham St.	Little Rock	AR	--	Entergy Arkansas, Inc.		1980		36,311		59		59
2016	4/30/2016	11511 Luna Rd.	Farmers Branch	TX	--	Haggar Clothing Company (Texas Holding Clothing Corporation and Haggar Corporation)		2000		180,507		562		797
		2000 Eastman Dr.	Milford	OH	--	Siemens Corporation		1991		221,215		622		456
	10/31/2016	104 & 110 South Front St.	Memphis	TN	--	Hnedak Bobo Group Inc.	1871/1980/ 1988/1999			37,229		121		125
2017	4/30/2017	1315 West Century Dr.	Louisville	CO	--	Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC)		1987/2006		106,877		380		400
	9/30/2017	9201 East Dry Creek Rd.	Centennial	CO	--	The Shaw Group, Inc.		2001/2002		128,500		570		593
	11/30/2017	6200 Northwest Pkwy.	San Antonio	TX	--	United HealthCare Services, Inc.		2000		142,500		445		467
2018	5/30/2018	13651 McLearen Rd.	Herndon	VA	--	United States of America		1987		159,644		783		846
	6/30/2018	100 Barnes Rd.	Wallingford	CT	--	3M Company	1978/1985/ 1990/1993			44,400		114		127
	7/31/2018	4300 RCA Blvd.	Palm Beach Gardens	FL	--	Office Suites Plus Properties, Inc.		1996		18,400		122		123
	9/30/2018	1701 Market St.	Philadelphia	PA	(4)	CBC Restaurant Corp.		1957/1997		8,070		52		53
	11/30/2018	4201 Marsh Ln.	Carrollton	TX	--	Carlson Restaurants Worldwide, Inc. (Carlson Companies, Inc.)		2003		130,000		482		494
	12/22/2018	5200 Metcalf Ave.	Overland Park	KS	--	Swiss Re America Holding Corporation	1980/1990/ 2004/2005			320,198		1,153		1,161
2019	4/1/2019	9201 Stateline Rd.	Kansas City	MO	--	Swiss Re America Holding Corporation	1963/1973/ 1985/2003			155,925		531		531
	6/19/2019	3965 Airways Blvd.	Memphis	TN	--	Federal Express Corporation	1982/1983/ 1985			521,286		1,703		1,753
	6/30/2019	275 South Valencia Ave.	Brea	CA	--	Bank of America, National Association		1983		637,503		2,178		2,164
	7/31/2019	500 Jackson St.	Columbus	IN	--	Cummins, Inc.		1984		390,100		1,107		1,135
	10/31/2019	10475 Crosspoint Blvd.	Indianapolis	IN	--	John Wiley & Sons, Inc.		1999		123,416		532		567
	12/31/2019	850-950 Warrenville Rd.	Lisle	IL	--	National-Louis University		1984		91,879		340		391
2020	1/31/2020	10300 Kincaid Dr.	Fishers	IN	--	Roche Diagnostics Operations, Inc.		1999		193,000		832		856
	2/14/2020	5600 Broken Sound Blvd.	Boca Raton	FL	--	Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.)		1983/2002		143,290		541		561
	7/8/2020	1460 Tobias Gadsen Blvd.	Charleston	SC	--	Hagemeyer North America, Inc.		2005		50,076		195		210
2021	3/31/2021	1311 Broadfield Blvd.	Houston	TX	--	Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.)		2000		155,040		765		656
	6/30/2021	1415 Wyckoff Rd.	Wall	NJ	--	New Jersey Natural Gas Company		1983		157,511		828		828
	11/30/2021	29 South Jefferson Rd.	Whippany	NJ	--	CAE SimuFlite, Inc. (HP Whippany, LLC)		2006/2008		123,734		590		582
2022	12/31/2022	147 Milk St.	Boston	MA	--	Harvard Vanguard Medical Associates, Inc.		1910		52,337		383		415

Page 16 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2011

Year of Lease Expiration		Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)		Year Built/ Renovated/ Expanded	Sq.Ft. Leased or Available (1)			Cash Rent as of 3/31/2011 ($000) (2)			GAAP Base Rent as of 3/31/2011 ($000) (3)
OFFICE PROPERTIES
2023		3/31/2023	6555 Sierra Dr.	Irving	TX	--	TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC)		1999		247,254			739		738
			8900 Freeport Pkwy.	Irving	TX	--	Nissan Motor Acceptance Corporation (Nissan North America, Inc.)		2003		268,445			760		818
		7/31/2023	11201 Renner Blvd.	Lenexa	KS	--	Applebee’s Services, Inc. (DineEquity, Inc.)		2007		178,000			904		976
2025		11/30/2025	11707 Miracle Hills Dr.	Omaha	NE	--	Infocrossing, Inc.		1989/1995		85,200			292		292
		12/31/2025	2005 East Technology Cir.	Tempe	AZ	--	Infocrossing, Inc.		1998		60,000			282		282
2026		12/29/2026	5500 New Albany Road	Columbus	OH	--	Evans, Mechwart, Hambleton & Tilton, Inc.		2005		104,807			380		436
2029		1/31/2029	6226 West Sahara Ave.	Las Vegas	NV	--	Nevada Power Company		1983/1994		282,000			2,018		1,063
		12/31/2029	400 East Stone Ave.	Greenville	SC	(9)	Canal Insurance Company	1948/1981/ 1982/1986/ 1991/2006/ 2008			128,041			231		0
	N/A	N/A	101 East Erie St.	Chicago	IL	--	(Available for Lease)		1986		17,716			0		0
			10475 Crosspoint Blvd.	Indianapolis	IN	--	(Available for Lease)		1999		13,867			0		0
			1701 Market St.	Philadelphia	PA	(4)	(Available for Lease)		1957/1997		5,315			0		0
							Parking Operators		1957/1997		0			582		582
			850-950 Warrenville Rd.	Lisle	IL	--	(Available for Lease)		1984		7,535			0		0
OFFICE TOTAL/WEIGHTED AVERAGE							99.6%				12,222,521	$		57,010	$	48,251

Page 17 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2011

Year of Lease Expiration		Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq. Ft. Leased or Available (1)		Cash Rent as of 3/31/2011 ($000) (2)		GAAP Base Rent as of 3/31/2011 ($000) (3)
INDUSTRIAL PROPERTIES
	2011	5/31/2011	191 Arrowhead Dr.	Hebron	OH		--	Owens Corning Insulating Systems, LLC		1999		168,960		33		33
			200 Arrowhead Dr.	Hebron	OH		--	Owens Corning Insulating Systems, LLC		2000		400,522		200		200
	2012	2/15/2012	1601 Pratt Ave.	Marshall	MI		--	Enbridge Energy, Limited Partnership		1979		58,300		46		46
		8/4/2012	101 Michelin Dr.	Laurens	SC		--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		1991/1993		1,164,000		853		826
			7111 Crabb Rd.	Temperance	MI		--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		1978/1993		744,570		572		553
		10/31/2012	43955 Plymouth Oaks Blvd.	Plymouth	MI		--	Tower Automotive Operations USA I, LLC (Tower Automotive Inc.)		1996/1998		290,133		471		459
		12/31/2012	245 Salem Church Rd.	Mechanicsburg	PA		--	Exel, Inc. (NFC plc)		1985		252,000		217		216
	2013	5/31/2013	2203 Sherrill Dr.	Statesville	NC		--	Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation)		1999/2002		639,800		413		413
		12/31/2013	1133 Poplar Creek Rd.	Henderson	NC		--	Staples, Inc. (Corporate Express, Inc.)		1998/2006		196,946		219		203
	2014	1/1/2014	2415 US Hwy. 78 East	Moody	AL		--	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		2004		595,346		263		263
		12/31/2014	3686 South Central Ave.	Rockford	IL		--	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)		1998		90,000		101		78
			75 North St.	Saugerties	NY		(7)(15)	Rotron Incorporated (EG&G, Inc.)		1979/1992		52,000		31		58
	2015	12/31/2015	749 Southrock Dr.	Rockford	IL		--	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)		1992		150,000		119		122
	2016	2/28/2016	7670 Hacks Cross Rd.	Olive Branch	MS		--	MAHLE Clevite, Inc. (MAHLE Industries, Inc.)		1989		268,104		239		229
		3/31/2016	19500 Bulverde Rd.	San Antonio	TX		--	Harcourt Inc. (Harcourt General, Inc.)		2001		559,258		833		857
			2455 Premier Dr.	Orlando	FL		--	Walgreen Co.		1980		205,016		127		196
		5/31/2016	291 Park Center Dr.	Winchester	VA		--	Kraft Foods Global, Inc.		2001		344,700		402		322
		8/31/2016	10590 Hamilton Ave.	Cincinnati	OH		--	The Hillman Group, Inc.	1991/1994/ 1995/2005			248,200		198		198
		9/30/2016	900 Industrial Blvd.	Crossville	TN		--	Dana Commercial Vehicle Products, LLC		1989/2006		222,200		171		171
	2017	2/28/2017	3456 Meyers Ave.	Memphis	TN		--	Sears Logistics Services		1973		780,000		398		424
		6/30/2017	7500 Chavenelle Rd.	Dubuque	IA		--	The McGraw-Hill Companies, Inc.		2001		330,988		288		291
		9/30/2017	250 Swathmore Ave.	High Point	NC		--	Steelcase Inc.		2002		244,851		272		272
		10/31/2017	1420 Greenwood Rd.	McDonough	GA		--	Versacold USA, Inc.		2000/2007		296,972		661		649
	2018	6/30/2018	1650-1654 Williams Rd.	Columbus	OH		--	ODW Logistics, Inc.		1973		772,450		337		336
		9/30/2018	50 Tyger River Dr.	Duncan	SC		--	Plastic Omnium Auto Exteriors, LLC	2005/2007/ 2008			221,833		239		239
	2019	4/30/2019	113 Wells St.	North Berwick	ME		--	United Technologies Corporation		1965/1980		972,625		384		384
		10/17/2019	10345 Philipp Pkwy.	Streetsboro	OH		--	L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.)		2004		649,250		630		653
	2020	3/31/2020	2425 Hwy. 77 North	Waxahachie	TX		--	James Hardie Building Products, Inc. (James Hardie NV)		1996/2001		335,610		850		850
		6/30/2020	3102 Queen Palm Dr.	Tampa	FL		--	Time Customer Service, Inc. (Time Incorporated)		1986		229,605		313		319
		9/30/2020	3350 Miac Cove Rd.	Memphis	TN		--	Mimeo.com, Inc.		1987		107,400		101		94
		12/19/2020	1901 Ragu Dr.	Owensboro	KY		(6)	Unilever Supply Chain, Inc. (Unilever United States, Inc.)	1975/1979/ 1995			443,380		262		373
	2021	5/31/2021	477 Distribution Pkwy.	Collierville	TN		--	Federal Express Corporation	1984/1987/ 2005			120,000		120		101
		9/30/2021	3820 Micro Dr.	Millington	TN		--	Ingram Micro L.P (Ingram Micro Inc.)		1997		701,819		610		472
		11/30/2021	2880 Kenny Biggs Rd.	Lumberton	NC		--	Quickie Manufacturing Corporation	1998/2001/ 2006			423,280		323		339
	2025	6/30/2025	10000 Business Blvd.	Dry Ridge	KY		--	Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited)		1988/1999		336,350		336		336
			301 Bill Bryan Rd.	Hopkinsville	KY		--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1987/1999/ 2000/2006			424,904		422		422
			4010 Airpark Dr.	Owensboro	KY		--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)		1998/2001		211,598		302		302
			730 North Black Branch Rd.	Elizabethtown	KY		--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)		2001		167,770		134		134
			750 North Black Branch Rd.	Elizabethtown	KY		--	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1995/2000/ 2001			539,592		710		710
		7/31/2025	7005 Cochran Rd.	Glenwillow	OH		--	Royal Appliance Manufacturing Company		1997		458,000		486		563
	2026	3/30/2026	121 Technology Dr.	Durham	NH		(16)	Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation)	1986/2002/ 2003			500,500		607		634
		10/31/2026	250 Rittenhouse Cir.	Bristol	PA		--	Northtec LLC (The Estee Lauder Companies Inc.)		1983/1997		241,977		0		0
			5001 Greenwood Rd.	Shreveport	LA		--	Libbey Glass Inc. (Libbey Inc.)		2006		646,000		498		541

Page 18 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2011

Year of Lease Expiration		Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded	Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2011 ($000) (2)		GAAP Base Rent as of 3/31/2011 ($000) (3)
INDUSTRIAL PROPERTIES
	N/A	N/A	191 Arrowhead Dr.	Hebron	OH	--	(Available for Lease)	1999	81,450		0		0
			3350 Miac Cove Rd.	Memphis	TN	--	(Available for Lease)	1987	32,679		0		0
			6 Doughten Rd.	New Kingstown	PA	(15)	(Available for Lease)	1989	330,000		0		0
INDUSTRIAL TOTAL/WEIGHTED AVERAGE							97.4%		17,250,938	$	14,791	$	14,881

Page 19 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2011

Year of Lease Expiration		Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded		Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2011 ($000) (2)		GAAP Base Rent as of 3/31/2011 ($000) (3)
RETAIL PROPERTIES
	2011	6/30/2011	4733 Hills & Dales Rd.	Canton	OH	--	Bally's Total Fitness of the Midwest, Inc. (Bally's Health & Tennis Corporation)		1987		37,214		70		59
	2012	4/30/2012	10415 Grande Ave.	Sun City	AZ	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1982		10,000		41		66
			119 North Balboa Rd.	El Paso	TX	(15)	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1983		10,000		41		34
			402 East Crestwood Dr.	Victoria	TX	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1982		10,000		41		29
			4121 South Port Ave.	Corpus Christi	TX	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1980		10,000		41		34
			900 South Canal St.	Carlsbad	NM	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1981		10,000		41		26
			901 West Expwy.	McAllen	TX	--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)		1980		10,000		41		41
		5/31/2012	3451 Alta Mesa Blvd.	Fort Worth	TX	--	Minyard Food Stores, Inc.		1985		44,000		76		90
		6/30/2012	1600 East 23rd St.	Chattanooga	TN	--	BI-LO, LLC		1983		42,130		33		33
		11/30/2012	101 West Buckingham Rd.	Garland	TX	--	Minyard Food Stores, Inc.		1982		40,000		81		81
			120 South Waco St.	Hillsboro	TX	--	Brookshire Grocery Company		1982		35,000		40		47
			205 Homer Rd.	Minden	LA	--	Brookshire Grocery Company		1981		35,000		48		71
	2013	2/28/2013	1146 Gum Branch Rd.	Jacksonville	NC	--	Food Lion, Inc. (Delhaize America, Inc.)		1982/1995		23,000		21		28
			291 Talbert Blvd.	Lexington	NC	--	Food Lion, Inc. (Delhaize America, Inc.)		1981		23,000		35		35
			3211 West Beverly St.	Staunton	VA	--	Food Lion, Inc. (Delhaize America, Inc.)		1971		23,000		41		41
			S. Carolina 52/52 Bypass	Moncks Corner	SC	--	Food Lion, Inc. (Delhaize America, Inc.)		1982		23,000		15		31
			US 221 & Hospital Rd.	Jefferson	NC	--	Food Lion, Inc. (Delhaize America, Inc.)		1981		23,000		18		18
		7/1/2013	1053 Mineral Springs Rd.	Paris	TN	--	The Kroger Co.		1982		31,170		40		53
		10/31/2013	1084 East Second St.	Franklin	OH	--	Marsh Supermarkets, Inc.		1961/1978		29,119		28		39
			130 Midland Ave.	Port Chester	NY	--	Pathmark Stores, Inc.		1982		59,000		115		299
			5104 North Franklin Rd.	Lawrence	IN	--	Marsh Supermarkets, Inc.		1958		28,721		48		48
	2014	3/31/2014	N.E.C. 45th St./Lee Blvd.	Lawton	OK	--	Associated Wholesale Grocers, Inc.		1984		30,757		46		52
	2015	1/31/2015	1700 State Route 160	Port Orchard	WA	--	Moran Foods, Inc. d/b/a Save-A-Lot, Ltd.		1983		16,037		20		20
		5/31/2015	24th St. West & St. John’s Ave.	Billings	MT	--	Safeway Stores, Inc.		1981		40,800		47		83
	2016	5/31/2016	12535 Southeast 82nd Ave.	Clackamas	OR	--	TRU 2005 RE I, LLC		1981		42,842		76		81
			18601 Alderwood Mall Blvd.	Lynnwood	WA	--	TRU 2005 RE I, LLC		1981/1993		43,105		70		75
			4811 Wesley St.	Greenville	TX	--	Safeway Stores, Inc.		1985		48,492		43		60
			6910 South Memorial Hwy.	Tulsa	OK	--	Toys “R” Us-Delaware, Inc.		1981		43,123		64		68
		12/29/2016	13133 Steubner Ave.	Houston	TX	--	The Kroger Co.		1982/1983		52,200		70		101
	2017	3/31/2017	1610 South Westmoreland Ave.	Dallas	TX	--	Malone’s Food Stores, Ltd.		1960		70,910		91		121
	2018	2/26/2018	399 Peachwood Centre Dr.	Spartanburg	SC	--	Best Buy Company, Inc.		1996		45,800		99		99
			4831 Whipple Ave., Northwest	Canton	OH	--	Best Buy Company, Inc.		1995		46,350		116		116
		9/30/2018	835 Julian Ave.	Thomasville	NC	--	Mighty Dollar, LLC		1983		23,767		18		18
		10/31/2018	10340 U.S. 19	Port Richey	FL	--	Kingswere Furniture, LLC		1980		53,820		87		87
		12/31/2018	1150 West Carl Sandburg Dr.	Galesburg	IL	--	Kmart Corporation		1992		94,970		11		82
			12080 Carmel Mountain Rd.	San Diego	CA	--	Sears Holdings Corporation		1993		107,210		12		188
			21082 Pioneer Plaza Dr.	Watertown	NY	--	Kmart Corporation		1993		120,727		18		120
			255 Northgate Dr.	Manteca	CA	--	Kmart Corporation		1993		107,489		19		139
			5350 Leavitt Rd.	Lorain	OH	--	Kmart Corporation		1993		193,193		27		183
			97 Seneca Trail	Fairlea	WV	--	Kmart Corporation		1993/1999		90,933		13		87
	2028	8/31/2028	9803 Edmonds Way	Edmonds	WA	--	Pudget Consumers Co-op d/b/a PCC Natural Markets		1981		35,459		151		151
	N/A	N/A	1700 State Route 160	Port Orchard	WA	--	(Available for Lease)		1983		11,931		0		0
RETAIL TOTAL/WEIGHTED AVERAGE							99.4%				1,876,269	$	2,053	$	3,134

Page 20 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2011

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note		Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded	Gross Book Value ($000) (10)		Sq.Ft.		Percentage Leased			Cash Rent as of 3/31/2011 ($000) (2)		GAAP Base Rent as of 3/31/2011 ($000) (3)		Debt Balance ($000)
MULTI-TENANT PROPERTIES (14)
Various	Various	10 John St.	Clinton	CT		(6)	Multi-Tenant	1972		3,195		41,188		0	%		0		0		0
		100 East Shore Dr.	Glen Allen	VA		--	Multi-Tenant	1999		11,549		68,003		100	%		349		338		19,365
		100 Light St.	Baltimore	MD		(13)	Multi-Tenant	1973/2009		225,043		474,498		76	%		1,195		1,834		0
		140 East Shore Dr.	Glen Allen	VA		(12)	Multi-Tenant	2000		13,532		79,675		68	%		168		202		0
		13430 North Black Canyon Fwy.	Phoenix	AZ		(11)	Multi-Tenant	1981/1982/ 2005/2007/ 2009		25,732		138,940		100	%		511		511		0
		1500 Hughes Way	Long Beach	CA		(5)	Multi-Tenant	1981		120,604		490,555		67	%		1,850		1,889		0
		160 Clairemont Ave.	Decatur	GA		--	Multi-Tenant	1983		20,170		121,686		78	%		487		487		0
		207 Mockingbird Ln.	Johnson City	TN		(11)	Multi-Tenant	1979		10,127		60,684		100	%		169		189		0
		2300 Litton Ln.	Hebron	KY		(11)	Multi-Tenant	1986/1996		9,740		80,441		100	%		123		114		0
		350 Pine St.	Beaumont	TX		(11)	Multi-Tenant	1981		29,532		425,198		82	%		1,294		1,338		0
		4200 RCA Blvd.	Palm Beach Gardens	FL		(11)	Multi-Tenant	1996		16,012		96,118		0	%		302		302		0
		421 Butler Farm Rd.	Hampton	VA		--	Multi-Tenant	2000		7,363		56,564		65	%		150		150		0
		4848 129th East Ave.	Tulsa	OK		--	Multi-Tenant	2000		13,018		101,100		0	%		120		120		7,119
		6050 Dana Way	Antioch	TN		--	Multi-Tenant	1999		26,445		674,528		62	%		288		300		0
		6277 Sea Harbor Dr.	Orlando	FL		--	Multi-Tenant	1984		51,781		360,307		0	%		9		9		0
		King St./1032 Fort St. Mall	Honolulu	HI		(11)	Multi-Tenant	1979/2002		47,079		318,451		95	%		648		345		0
MULTI-TENANT TOTAL/WEIGHTED AVERAGE							64.0% Leased					3,587,936				$	7,663	$	8,128	$	26,484

TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE							94.9% Leased					34,937,664				$	81,517	$	74,394

Footnotes

(1)	Square foot leased or vacant.

(2)	Three months ended 3/31/11 cash rent.

(3)	Three months ended 3/31/11 GAAP base rent.

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

(5)	Lexington has a 55.0% interest in this property.

(6)	Lexington has a 71.1% interest in this property.

(7)	Lexington has a 57.8% interest in this property.

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

(9)	Property is classified as a capital lease for GAAP, accordingly $246 income is included in non-operating income.

(10)	Represents GAAP capitalized costs.

(11)	Property is collateral for secured credit facility.

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

(13)	Includes parking operations.

(14)	The multi-tenanted properties incurred approximately $4.7 million in operating expenses, net for the three months ended March 31, 2011.

(15)	Property disposed of subsequent to March 31, 2011.

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

(17)	Subsequent to 3/31/2011, lease extended to 12/31/2016.

Page 21 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Net Lease Strategic Assets Fund Portfolio - 3/31/2011

Year of Lease Expiration		Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded	Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2011 ($000) (2)		GAAP Base Rent as of 3/31/2011 ($000) (3)
NET LEASE STRATEGIC ASSETS FUND PROPERTIES
	2011	6/30/2011	265 Lehigh St.	Allentown	PA	--	Wells Fargo Bank, N.A.	1980		71,230		62		1,318
		7/15/2019	19019 North 59th Ave.	Glendale	AZ	(5)	Honeywell International, Inc.	1986/1997/ 2000		252,300		613		777
	2012	4/30/2012	3600 Army Post Rd.	Des Moines	IA	(6)	HP Enterprise Services, LLC	2000		405,000		757		742
		5/31/2012	101 Creger Dr.	Ft. Collins	CO	--	Lithia Real Estate, Inc. (Lithia Motors, Inc.)	1982		10,000		69		59
	2013	5/31/2013	2401 Cherahala Blvd.	Knoxville	TN	--	AdvancePCS	2002		59,748		225		225
		6/30/2013	420 Riverport Rd.	Kingsport	TN	--	Kingsport Power Company	1981		42,770		78		77
		10/14/2013	3943 Denny Ave.	Pascagoula	MS	--	Northrop Grumman Systems Corporation	1995		94,841		160		160
		12/31/2013	120 Southeast Pkwy. Dr.	Franklin	TN	--	Essex Group, Inc. (United Technologies Corporation)	1970/1983		289,330		184		163
	2014	1/31/2014	109 Stevens St.	Jacksonville	FL	--	Wagner Industries, Inc.	1959/1967		168,800		0		47
			1401 & 1501 Nolan Ryan Pkwy.	Arlington	TX	--	Siemens Corporation	2003		236,547		681		670
		4/30/2014	12000 & 12025 Tech Center Dr.	Livonia	MI	--	Kelsey-Hayes Company (TRW Automotive, Inc.)	1987/1988/ 1990		180,230		520		518
		6/30/2014	70 Mechanic St.	Foxboro	MA	--	Invensys Systems, Inc. (Siebe, Inc.)	1965/1967/ 1971		251,914		1,591		1,488
		12/31/2014	324 Industrial Park Rd.	Franklin	NC	--	SKF USA Inc.	1996		72,868		106		106
	2015	6/30/2015	1700 47th Ave North	Minneapolis	MN	--	Owens Corning Roofing and Asphalt, LLC	2003		18,620		153		153
			2500 Patrick Henry Pkwy.	McDonough	GA	--	Georgia Power Company	1999		111,911		380		384
			2935 Van Vactor Dr.	Plymouth	IN	--	Bay Valley Foods, LLC	2000/2003		300,500		200		202
			3711 San Gabriel	Mission	TX	--	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)	2003		75,016		263		255
		9/27/2015	2529 West Thorne Dr.	Houston	TX	--	Baker Hughes Incorporated	1982/1999		65,500		15		209
			9110 Grogans Mill Rd.	The Woodlands	TX	--	Baker Hughes Incorporated	1992		275,750		56		779
		10/31/2015	5201 West Barraque St.	Pine Bluff	AR	--	Entergy Arkansas Inc.	1964/1972/ 1988		27,189		48		48
	2016	1/31/2016	1600 Eberhardt Rd.	Temple	TX	--	Nextel of Texas Inc. (Nextel Finance Company)	2001		108,800		406		404
		5/31/2016	1200 Jupiter Rd.	Garland	TX	--	Raytheon Company	1980		278,759		377		513
		7/14/2016	1400 Northeast McWilliams Rd.	Bremerton	WA	--	Nextel West Corp.	2002		60,200		271		291
		11/30/2016	736 Addison Rd.	Erwin	NY	--	Corning Incorporated	2006		408,000		302		302
	2017	12/31/2017	11411 North Kelly Ave.	Oklahoma City	OK	--	American Golf Corporation	1991/1996		13,924		119		120
	2018	3/14/2018	601 & 701 Experian Pkwy.	Allen	TX	--	Experian Information Solutions, Inc. (Experian Holdings, Inc.)	1981/1983		292,700		768		735
		8/31/2018	3500 North Loop Rd.	McDonough	GA	--	Litton Loan Servicing, LP	2007		62,218		294		294
		9/30/2018	904 Industrial Rd.	Marshall	MI	--	Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.)	1968/1972/ 2008		246,508		191		201
	2019	1/31/2019	2999 Southwest 6th St.	Redmond	OR	--	VoiceStream PCS I LLC (T-Mobile USA, Inc.)	2004		77,484		386		393
		6/28/2019	3265 East Goldstone Dr.	Meridian	ID	--	VoiceStream PCS Holding, LLC (T-Mobile USA, Inc.)	2004		77,484		322		341
		10/31/2019	17191 St. Luke's Way	The Woodlands	TX	--	Montgomery County Management Company, LLC	2004		41,000		200		246
			9601 Renner Blvd.	Lenexa	KS	--	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)	2004		77,484		330		348
	2020	5/31/2020	359 Gateway Dr.	Lavonia	GA	--	TI Group Automotive Systems, LLC (TI Automotive Ltd.)	2005		133,221		300		300
		6/30/2020	10419 North 30th St.	Tampa	FL	--	Time Customer Service, Inc. (Time Incorporated)	1986		132,981		332		339
		8/31/2020	First Park Dr.	Oakland	ME	--	Omnipoint Holdings, Inc. (T-Mobile USA, Inc.)	2005		78,610		327		287
		11/30/2020	11555 University Blvd.	Sugar Land	TX	--	KS Management Services, LLP (St. Luke’s Episcopal Health System Corporation)	2005		72,683		306		313
	2021	10/25/2021	6938 Elm Valley Dr.	Kalamazoo	MI	--	Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited)	1999/2004		150,945		461		483
	2022	6/30/2022	8555 South River Pkwy.	Tempe	AZ	(4)	ASM Lithography, Inc. (ASM Lithography Holding NV) / DuPont Airproducts Nanomaterials LLC	1998		95,133		589		553
		7/31/2022	1440 East 15th St.	Tucson	AZ	--	CoxCom, Inc.	1988		28,591		136		137
	2025	7/14/2025	590 Ecology Ln.	Chester	SC	--	Owens Corning	2001/2005		420,597		546		542

Page 22 of 45

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Net Lease Strategic Assets Fund Portfolio - 3/31/2011

Year of Lease Expiration		Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded	Sq.Ft. Leased or Available (1)		Cash Rent as of 3/31/2011 ($000) (2)		GAAP Base Rent as of 3/31/2011 ($000) (3)
	2026	8/31/2026	25500 State Hwy. 249	Tomball	TX	--	Parkway Chevrolet, Inc. (Raymond Durdin and Jean W. Durdin)	2005		77,076		332		377
	2027	4/30/2027	2424 Alpine Rd.	Eau Claire	WI	--	Silver Spring Gardens, Inc. (Huntsinger Farms, Inc.)	1993/2004		159,000		233		293
NET LEASE STRATEGIC ASSETS FUND TOTAL/WEIGHTED AVERAGE							100% Leased			6,103,462	$	13,689	$	16,192

Footnotes

(1)	Square foot leased or vacant.

(2)	Three months ended 3/31/2011 cash rent.

(3)	Three months ended 3/31/2011 GAAP base rent.

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

(5)	Subsequent to 3/31/2011, lease extended to 7/15/2019.

(6)	Subsequent to 3/31/2011, lease extended to 4/30/2017.

Page 23 of 45

LEXINGTON REALTY TRUST

Lease Rollover Schedule by Property Type - Cash Basis

3/31/2011

	Office						Industrial						Retail
Year	Net Rentable Area		Cash Rent as of 3/31/2011 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 3/31/2011 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 3/31/2011 ($000)		Annual Rent PSF
2011		389,018	$	3,609	$	37.11		569,482	$	233	$	1.64		37,214	$	70	$	7.52
2012		953,960	$	3,673	$	15.40		2,509,003	$	2,159	$	3.44		256,130	$	524	$	8.18
2013		1,389,209	$	4,439	$	12.78		836,746	$	632	$	3.02		263,010	$	361	$	5.49
2014		2,079,322	$	9,164	$	17.63		737,346	$	395	$	2.14		30,757	$	46	$	5.98
2015		1,720,195	$	14,006	$	14.69		150,000	$	119	$	3.17		56,837	$	67	$	4.72
2016		438,951	$	1,305	$	11.89		1,847,478	$	1,970	$	4.27		229,762	$	323	$	5.62
2017		377,877	$	1,395	$	14.77		1,652,811	$	1,619	$	3.92		70,910	$	91	$	5.13
2018		680,712	$	2,706	$	15.90		994,283	$	576	$	2.32		884,259	$	420	$	1.90
2019		1,920,109	$	6,391	$	13.31		1,621,875	$	1,014	$	2.50		-	$	-	$	-
2020		386,366	$	1,568	$	16.23		1,115,995	$	1,526	$	5.47		-	$	-	$	-
2021		436,285	$	2,183	$	20.01		1,245,099	$	1,053	$	3.38		-	$	-	$	-
2022		52,337	$	383	$	29.27		-	$	-	$	-		-	$	-	$	-
2023		693,699	$	2,403	$	13.86		-	$	-	$	-		-	$	-	$	-
2024		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2025		145,200	$	574	$	15.81		2,138,214	$	2,390	$	4.47		-	$	-	$	-
2026		104,807	$	380	$	14.50		1,388,477	$	1,105	$	2.31		-	$	-	$	-
2027		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2028		-	$	-	$	-		-	$	-	$	-		35,459	$	151	$	17.03
2029		410,041	$	2,249	$	21.94		-	$	-	$	-		-	$	-	$	-

Total/Weighted Average (1)		12,178,088	$	56,428	$	16.01		16,806,809	$	14,791	$	3.45		1,864,338	$	2,053	$	4.40

Footnotes

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

Page 24 of 45

LEXINGTON REALTY TRUST

Lease Rollover Schedule - GAAP Basis

3/31/2011

Year	Number of Leases Expiring		GAAP Base Rent as of 3/31/2011 ($000)		Percent of GAAP Base Rent as of 3/31/2011
2011		7	$	3,035		4.6	%
2012		29	$	6,081		9.3	%
2013		22	$	6,199		9.4	%
2014		26	$	9,743		14.8	%
2015		13	$	6,543		10.0	%
2016		14	$	3,736		5.7	%
2017		8	$	3,217		4.9	%
2018		18	$	4,498		6.8	%
2019		8	$	7,578		11.5	%
2020		7	$	3,263		5.0	%
2021		6	$	2,978		4.5	%
2022		1	$	415		0.6	%
2023		3	$	2,532		3.9	%
2024		-	$	-		-
2025		8	$	3,041		4.6	%
2026		4	$	1,611		2.5	%
2027		-	$	-		-
2028		1	$	151		0.2	%
2029		2	$	1,063		1.6	%

Total (1)		177	$	65,684		100.0	%

Footnotes

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

Page 25 of 45

LEXINGTON REALTY TRUST

Mortgage Loans Receivable

3/31/2011

Collateral
	City	State	Loan Balance ($000)(1)		Interest Rate			Maturity Date		Current Estimated Annual Debt Service ($000)(2)		Balloon Payment ($000)		Escrow Balance ($000)
Medical Facilities	Various (3)	TX	$	9,572		15.00	%		12/2011	$	1,182	$	9,500	$	-
Office	Tampa (4)	FL	$	7,572		6.93	%		07/2011	$	212	$	7,492	$	-
	Schaumburg (5)	IL	$	18,961		15.00	%		01/2012	$	-	$	18,961	$	-
	Wilsonville	OR	$	6,908		5.46	%		12/2012	$	622	$	10,451	$	1,484
	Westmont (6)	IL	$	27,456		6.45	%		10/2015	$	2,090	$	25,731	$	4,272
	Southfield	MI	$	8,557		4.55	%		02/2015	$	1,282	$	5,810	$	-
Industrial	New Kingstown	PA	$	3,007		7.78	%		01/2013	$	323	$	2,826	$	614
Retail	Various	Various	$	3,170		8.00	%		07/2012	$	2,268	$	-	$	-
	Austin	TX	$	1,543		16.00	%		10/2018	$	-	$	5,104	$	-
	Tampa (7)	FL	$	191		8.00	%		12/2020	$	29	$	-	$	-
	Various	Various	$	1,483		8.00	%		02/2021	$	219	$	-	$	-
	Various	Various	$	816		8.00	%		12/2021	$	133	$	-	$	-
	Various	Various	$	874		8.00	%		03/2022	$	74	$	-	$	-
	Total Mortgage Loans Receivable		$	90,110						$	8,434	$	85,875	$	6,370

Footnotes

(1)	Includes accrued interest receivable and excludes net origination fees of $196 and loan to joint venture partner of $421.

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

(3)	Loan was interest only at a rate of 14.0% through February 2011, and 16.0% thereafter. Prepayment of $1.1 million plus defeasance of $0.2 million received 1Q 2011.

(4)	Borrower is Net Lease Strategic Assets Fund L.P.

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

(6)	Escrow balance includes $4,068 in a collateral escrow account maintained by the borrower.

(7)	Loan satisfied April 2011.

Page 26 of 45

LEXINGTON REALTY TRUST

2011 First Quarter Disposition Summary

	NEW CORPORATE LEVEL FINANCING
		Amount ($000)		Rate		Maturity
1	Secured Revolving Line of Credit (1)	$	300,000	Various			01/2014
	TOTAL	$	300,000

	DEBT RETIRED
		Face ($000)		Satisfaction ($000)		Rate			Due Date
1	New Kingstown, PA (4)	$	3,092	$	2,625		7.78	%		01/2012
2	Swedesboro, NJ (2)(3)	$	7,080	$	7,238		5.55	%		04/2014
3	Dillon, SC (3)	$	21,410	$	21,410		5.97	%		02/2022
4	New Kingstown, PA (4)	$	6,490	$	5,315		7.79	%		01/2012
5	Durham, NH (2)	$	17,921	$	17,858		6.75	%		03/2021
	TOTAL	$	55,993	$	54,446

Footnotes

(1)

Secured by a borrowing base of 78 properties; interest rate is 2.50% plus LIBOR if Lexington's leverage ratio, as defined, is less than 50%, 2.85% plus LIBOR if the leverage ratio is between 50% and 60% and 3.10% plus LIBOR if the leverage ratio exceeds 60%. Maturity can be extended to 01/2015. No amounts were outstanding under this facility as of March 31, 2011.

(2)	Imputed interest rate.

(3)	Assumed by buyer upon sale of property.

(4)	Lender retained borrower escrows.

Page 27 of 45

LEXINGTON REALTY TRUST

Debt Maturity Schedule

3/31/2011

($000)

Consolidated Properties
Year	Real Estate Scheduled Amortization		Real Estate Balloon Payments		Corporate Debt
2011	$	14,725	$	12,877	$	-
2012		28,930		182,004		62,150	(1)
2013		25,404		234,937		60,551
2014		23,651		229,068		-
2015		14,999		269,719		-
	$	107,709	$	928,605	$	122,701

Non-Consolidated Investments - LXP Proportionate Share
Year	Real Estate Scheduled Amortization		Real Estate Balloon Payments
2011	$	1,434	$	7,716	(2)
2012		2,767		3,323
2013		2,907		2,496
2014		2,527		4,061
2015		2,462		6,960
	$	12,097	$	24,556

Footnotes

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

(2)	$1,124 is due to Lexington.

Page 28 of 45

LEXINGTON REALTY TRUST

2011 Mortgage Maturities by Property Type

3/31/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 3/31/2011 ($000)		GAAP Base Rent as of 3/31/2011 ($000)
Office	100 Barnes Rd. (2)	Wallingford	CT		44,400	$	3,187		05/2011		06/2018	$	6,100	$	114	$	127
Industrial	291 Park Center Dr.	Winchester	VA		344,700	$	9,690		08/2011		05/2016	$	18,865	$	402	$	322

	Total 2011 Mortgage Maturities				389,100	$	12,877					$	24,965	$	516	$	449

Footnotes

(1)	Represents GAAP capitalized costs.

(2)	Loan satisfied 04/29/2011.

Page 29 of 45

LEXINGTON REALTY TRUST

2012 Mortgage Maturities by Property Type

3/31/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 3/31/2011 ($000)		GAAP Base Rent as of 3/31/2011 ($000)
Office	1315 West Century Dr.	Louisville	CO		106,877	$	7,195		01/2012		04/2017	$	16,933	$	380	$	400
	2000 Eastman Dr.	Milford	OH		221,215	$	12,686		02/2012		04/2016	$	26,638	$	622	$	456
	26210 and 26220 Enterprise Court	Lake Forest	CA		100,012	$	9,708		02/2012		01/2012	$	17,211	$	504	$	448
	200 Lucent Ln.	Cary	NC		124,944	$	12,543		05/2012		09/2011	$	23,881	$	587	$	515
	2050 Roanoke Rd. (2)	Westlake	TX		130,290	$	17,829		05/2012		12/2011	$	32,697	$	915	$	864
	3940 South Teller St.	Lakewood	CO		68,165	$	7,890		05/2012		03/2012	$	12,155	$	310	$	217
	37101 Corporate Dr.	Farmington Hills	MI		119,829	$	17,724		09/2012		12/2011	$	32,876	$	1,968	$	1,244
	4455 American Way	Baton Rouge	LA		70,100	$	5,948		10/2012		10/2012	$	13,868	$	289	$	278
	1110 Bayfield Dr.	Colorado Springs	CO		166,575	$	10,272		12/2012		11/2013	$	19,579	$	-	$	400
Industrial	245 Salem Church Rd.	Mechanicsburg	PA		252,000	$	4,514		01/2012		12/2012	$	9,051	$	217	$	216
	3820 Micro Dr.	Millington	TN		701,819	$	16,222		05/2012		09/2021	$	24,870	$	610	$	472
	101 Michelin Dr.	Laurens	SC		1,164,000	$	14,022		09/2012		08/2012	$	34,370	$	853	$	826
	7111 Crabb Rd.	Temperance	MI		744,570	$	9,400		09/2012		08/2012	$	21,188	$	572	$	553
	19500 Bulverde Rd.	San Antonio	TX		559,258	$	26,025		10/2012		03/2016	$	41,882	$	833	$	857
	43955 Plymouth Oaks Blvd.	Plymouth	MI		290,133	$	10,026		12/2012		10/2012	$	19,161	$	471	$	459

	Total 2012 Mortgage Maturities				4,819,787	$	182,004					$	346,360	$	9,131	$	8,205

Footnotes

(1)	Represents GAAP capitalized costs.

(2)	Subsequent to 3/31/2011, lease extended to 12/31/2016.

Page 30 of 45

LEXINGTON REALTY TRUST

2013 Mortgage Maturities by Property Type

3/31/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 3/31/2011 ($000)		GAAP Base Rent as of 3/31/2011 ($000)
Office	3476 Stateview Blvd.	Fort Mill	SC		169,083	$	9,904		01/2013		05/2014	$	18,079	$	645	$	634
	9201 East Dry Creek Rd.	Centennial	CO		128,500	$	13,555		02/2013		09/2017	$	26,922	$	570	$	593
	12600 Gateway Blvd.	Fort Meyers	FL		62,400	$	8,550		05/2013		01/2013	$	13,561	$	283	$	273
	200 Executive Blvd. South	Southington	CT		153,364	$	12,228		05/2013		12/2012	$	26,737	$	419	$	406
	275 South Valencia Ave.	Brea	CA		637,503	$	73,071		05/2013		06/2019	$	118,929	$	2,178	$	2,164
	5757 Decatur Blvd.	Indianapolis	IN		89,956	$	8,580		05/2013		08/2012	$	15,220	$	354	$	398
	810 & 820 Gears Rd.	Houston	TX		157,790	$	15,737		05/2013		01/2013	$	26,819	$	574	$	563
	8900 Freeport Pkwy.	Irving	TX		268,445	$	36,466		05/2013		03/2023	$	59,743	$	760	$	818
	6303 Barfield Rd.	Atlanta	GA		238,600	$	40,356		05/2013		05/2013	$	62,264	$	1,235	$	1,220
	2211 South 47th St.	Phoenix	AZ		176,402	$	16,490		09/2013		11/2012	$	24,631	$	602	$	565

	Total 2013 Mortgage Maturities				2,082,043	$	234,937					$	392,905	$	7,620	$	7,634

Footnotes

(1)	Represents GAAP capitalized costs.

Page 31 of 45

LEXINGTON REALTY TRUST

2014 Mortgage Maturities by Property Type

3/31/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 3/31/2011 ($000)		GAAP Base Rent as of 3/31/2011 ($000)
Office	33 Commercial St.	Foxboro	MA		164,689	$	-		01/2014		07/2015	$	29,238	$	2,907	$	890
	1275 Northwest 128th St.	Clive	IA		61,180	$	5,151		05/2014		01/2012	$	10,599	$	200	$	200
	3480 Stateview Blvd.	Fort Mill	SC		169,218	$	18,311		05/2014		05/2014	$	29,174	$	886	$	863
	1701 Market St. (2)	Philadelphia	PA		305,170	$	43,520		07/2014	Various		$	69,886	$	1,180	$	1,181
	10300 Kincaid Dr.	Fishers	IN		193,000	$	10,466		08/2014		01/2020	$	28,233	$	832	$	856
	3965 Airways Blvd.	Memphis	TN		521,286	$	47,270		09/2014		06/2019	$	116,410	$	1,703	$	1,753
	500 Jackson St.	Columbus	IN		390,100	$	26,399		09/2014		07/2019	$	53,821	$	1,107	$	1,135
	6226 West Sahara Ave.	Las Vegas	NV		282,000	$	32,118		09/2014		01/2029	$	64,735	$	2,018	$	1,063
	22011 Southeast 51st St./5150 220th Ave.	Issaquah	WA		202,544	$	30,388		12/2014		12/2014	$	51,195	$	1,066	$	1,010
	275 Technology Dr.	Canonsburg	PA		107,872	$	9,095		12/2014		12/2014	$	15,739	$	357	$	344
Industrial	2415 US Hwy. 78 East	Moody	AL		595,346	$	6,350		01/2014		01/2014	$	11,575	$	263	$	263

	Total 2014 Mortgage Maturities				2,992,405	$	229,068					$	480,605	$	12,519	$	9,558

Footnotes

(1)	Represents GAAP capitalized costs.

(2)	Lexington has an 80.5% interest in the property.

Page 32 of 45

LEXINGTON REALTY TRUST

2015 Mortgage Maturities by Property Type

3/31/2011

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 3/31/2011 ($000)		GAAP Base Rent as of 3/31/2011 ($000)
Office &	101 East Erie St.	Chicago	IL		230,704	$	29,900		01/2015		03/2014	$	56,548	$	1,025	$	1,243
Multi-Tenant	400 East Stone Ave. (2)	Greenville	SC		128,041	$	9,000		01/2015		12/2029	$	10,592	$	231	$	-
	4201 Marsh Ln.	Carrollton	TX		130,000	$	12,022		01/2015		11/2018	$	22,146	$	482	$	494
	13775 McLearen Rd.	Herndon	VA		125,293	$	10,359		04/2015		04/2015	$	25,443	$	541	$	534
	10475 Crosspoint Blvd.	Indianapolis	IN		141,047	$	11,205		05/2015		10/2019	$	22,463	$	548	$	583
	100, 120, 140 East Shore Dr.	Glen Allen	VA		224,723	$	18,321		05/2015	Various		$	38,166	$	700	$	732
	1311 Broadfield Blvd.	Houston	TX		155,040	$	14,431		05/2015		03/2021	$	29,917	$	765	$	656
	1409 Centerpoint Blvd.	Knoxville	TN		84,404	$	6,658		05/2015		10/2014	$	12,604	$	416	$	405
	2550 Interstate Dr.	Harrisburg	PA		81,859	$	7,792		05/2015		12/2013	$	15,135	$	476	$	468
	2706 Media Center Dr.	Los Angeles	CA		83,252	$	9,760		05/2015	Various		$	18,070	$	440	$	367
	2800 Waterford Lake Dr.	Midlothian	VA		99,057	$	9,055		05/2015		10/2014	$	15,844	$	518	$	504
	333 Mt. Hope Ave.	Rockaway	NJ		95,500	$	14,900		05/2015		09/2014	$	29,295	$	561	$	531
	4000 Johns Creek Pkwy.	Suwanee	GA		87,219	$	10,502		05/2015	Various		$	16,612	$	499	$	466
	4848 129th East Ave. (3)	Tulsa	OK		101,100	$	6,517		05/2015	NA		$	13,018	$	120	$	120
	6200 Northwest Pkwy.	San Antonio	TX		142,500	$	11,167		05/2015		11/2017	$	19,815	$	445	$	467
	16676 Northchase Dr.	Houston	TX		101,111	$	11,282		05/2015		07/2014	$	19,267	$	412	$	407
	4001 International Pkwy.	Carrollton	TX		138,443	$	18,710		07/2015		07/2015	$	30,859	$	800	$	799
	12645 West Airport Rd.	Sugar Land	TX		165,836	$	6,286		09/2015		09/2015	$	19,436	$	1,667	$	486
	10001 Richmond Ave.	Houston	TX		554,385	$	18,161		09/2015		09/2015	$	73,343	$	6,567	$	1,844
Industrial	10000 Business Blvd.	Dry Ridge	KY		336,350	$	5,326		07/2015		06/2025	$	15,227	$	336	$	336
	301 Bill Bryan Rd.	Hopkinsville	KY		424,904	$	7,812		07/2015		06/2025	$	19,066	$	422	$	422
	4010 Airpark Dr.	Owensboro	KY		211,598	$	4,713		07/2015		06/2025	$	13,598	$	302	$	302
	730 North Black Branch Rd.	Elizabethtown	KY		167,770	$	2,515		07/2015		06/2025	$	6,055	$	134	$	134
	750 North Black Branch Rd.	Elizabethtown	KY		539,592	$	13,325		07/2015		06/2025	$	32,222	$	710	$	710

	Total 2015 Mortgage Maturities				4,549,728	$	269,719					$	574,741	$	19,117	$	13,010

Footnotes

(1)	Represents GAAP capitalized costs.

(2)	Property is classified as a capital lease for GAAP, accordingly $246 of GAAP income is included in non-operating income.

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

Page 33 of 45

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2011

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Wallingford, CT	(c)	$	3,187		4.926	%		05/2011	$	13	$	3,187
Winchester, VA	(b)		9,791		6.346	%		08/2011		364		9,690
Louisville, CO			7,281		5.830	%		01/2012		444		7,195
Mechanicsburg, PA			4,617		7.780	%		01/2012		405		4,514
Milford, OH	(b)		13,497		6.612	%		02/2012		1,605		12,686
Lake Forest, CA			9,842		7.260	%		02/2012		737		9,708
Westlake, TX	(b)		18,147		5.392	%		05/2012		1,280		17,829
Millington, TN			16,529		5.247	%		05/2012		1,181		16,222
Cary, NC	(b)		12,654		5.584	%		05/2012		826		12,543
Lakewood, CO			8,055		5.097	%		05/2012		566		7,890
Farmington Hills, MI	(b)		18,324		5.723	%		09/2012		1,500		17,724
Laurens, SC	(b)		14,770		5.911	%		09/2012		1,396		14,022
Temperance, MI	(b)		9,901		5.912	%		09/2012		936		9,400
Baton Rouge, LA	(b)		6,130		5.333	%		10/2012		443		5,948
San Antonio, TX			26,951		6.080	%		10/2012		2,260		26,025
Plymouth, MI	(b)		10,704		5.964	%		12/2012		1,026		10,026
Colorado Springs, CO	(b)		10,683		5.996	%		12/2012		887		10,272
Fort Mill, SC			10,275		6.000	%		01/2013		839		9,904
Centennial, CO	(b)(r)		14,252		5.724	%		02/2013		1,177		13,555
Brea, CA	(b)		75,232		5.734	%		05/2013		5,361		73,071
Atlanta, GA			41,955		5.268	%		05/2013		3,004		40,356
Irving, TX	(b)		37,800		5.452	%		05/2013		2,702		36,466
Houston, TX			16,390		5.218	%		05/2013		1,166		15,737
Southington, CT			12,733		5.018	%		05/2013		890		12,228
Indianapolis, IN			8,939		5.168	%		05/2013		633		8,580
Fort Meyers, FL			8,804		5.268	%		05/2013		592		8,550
Phoenix, AZ			17,557		6.270	%		09/2013		1,527		16,490
Foxboro, MA	(b)		8,662		6.000	%		01/2014		3,388		-
Moody, AL			6,791		4.978	%		01/2014		493		6,350
Clive, IA			5,488		5.139	%		05/2014		387		5,151
Fort Mill, SC			19,310		5.373	%		05/2014		1,364		18,311
Philadelphia, PA	(p)		46,334		5.060	%		07/2014		3,178		43,520
Fishers, IN			11,244		6.375	%		08/2014		932		10,466
Columbus, IN	(i)		25,831		6.150	%		09/2014		1,615		25,831
Las Vegas, NV	(i)		31,428		6.150	%		09/2014		1,965		31,427
Memphis, TN	(i)		46,253		6.150	%		09/2014		2,892		46,253
Columbus, IN	(i)		603		7.500	%		09/2014		54		568
Las Vegas, NV	(i)		733		7.500	%		09/2014		66		691
Memphis, TN	(i)		1,079		7.500	%		09/2014		97		1,017
Issaquah, WA	(b)		31,570		5.665	%		12/2014		2,113		30,388
Canonsburg, PA	(b)		9,081		5.426	%		12/2014		489		9,095
Chicago, IL	(b)		29,357		5.639	%		01/2015		1,552		29,900
Greenville, SC			9,000		5.500	%		01/2015		495		9,000
Carrollton, TX			13,130		5.530	%		01/2015		993		12,022
Herndon, VA	(b)		11,299		5.885	%		04/2015		888		10,359
Glen Allen, VA	(b)		19,365		5.377	%		05/2015		1,292		18,321
Houston, TX			15,743		5.160	%		05/2015		1,114		14,431
Rockaway, NJ			14,900		5.292	%		05/2015		802		14,900

Page 34 of 45

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2011

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Houston, TX			12,300		5.210	%		05/2015		874		11,282
Indianapolis, IN			12,224		5.160	%		05/2015		865		11,205
San Antonio, TX			12,135		5.340	%		05/2015		875		11,167
Atlanta, GA			11,200		5.260	%		05/2015		751		10,502
Los Angeles, CA			10,641		5.110	%		05/2015		750		9,760
Richmond, VA			9,858		5.310	%		05/2015		708		9,055
Harrisburg, PA			8,506		5.110	%		05/2015		599		7,792
Knoxville, TN			7,249		5.310	%		05/2015		520		6,658
Tulsa, OK			7,119		5.060	%		05/2015		499		6,517
Carrollton, TX	(b)		19,813		5.725	%		07/2015		1,382		18,710
Elizabethtown, KY	(j)		14,670		4.990	%		07/2015		1,041		13,325
Hopkinsville, KY			8,601		4.990	%		07/2015		610		7,812
Dry Ridge, KY	(n)		5,864		4.990	%		07/2015		416		5,326
Owensboro, KY	(n)		5,189		4.990	%		07/2015		368		4,713
Elizabethtown, KY	(j)		2,769		4.990	%		07/2015		196		2,515
Houston, TX	(b)		41,833		6.250	%		09/2015		8,367		18,161
Sugar Land, TX	(b)		10,914		6.250	%		09/2015		2,135		6,286
Bridgewater, NJ			14,792		5.732	%		03/2016		1,035		13,825
Omaha, NE			8,374		5.610	%		04/2016		621		7,560
Tempe, AZ			7,909		5.610	%		04/2016		586		7,140
Lisle, IL			10,136		6.500	%		06/2016		793		9,377
Dallas, TX	(b)		18,498		5.939	%		07/2016		1,139		18,365
Rochester, NY	(f)		18,239		6.210	%		08/2016		1,383		16,765
Statesville, NC	(f)		13,666		6.210	%		08/2016		1,037		12,574
Rockford, IL	(f)		6,688		6.210	%		08/2016		508		6,153
Glenwillow, OH			16,484		6.130	%		09/2016		1,240		15,132
Memphis, TN			3,838		5.710	%		01/2017		275		3,484
Orlando, FL			9,975		5.722	%		02/2017		601		9,309
Dubuque, IA			10,056		5.402	%		06/2017		733		8,725
Shreveport, LA			19,000		5.690	%		07/2017		1,099		19,000
McDonough, GA			23,000		6.110	%		11/2017		1,429		21,651
Lorain, OH	(b)		1,244		7.750	%		07/2018		108		-
Manteca, CA	(b)		879		7.750	%		07/2018		77		-
Watertown, NY	(b)		826		7.750	%		07/2018		72		-
Lewisburg, WV	(b)		580		7.750	%		07/2018		51		-
San Diego, CA	(b)		560		7.750	%		07/2018		49		-
Galesburg, IL	(b)		493		7.750	%		07/2018		43		-
Boston, MA			13,314		6.100	%		12/2018		996		11,520
North Berwick, ME			10,750		3.560	%		04/2019		1,532		-
Overland Park, KS	(b)		36,640		5.891	%		05/2019		2,657		31,867
Kansas City, MO	(b)		17,476		5.883	%		05/2019		1,268		15,182
Streetsboro, OH	(b)		18,914		5.749	%		09/2019		1,344		16,338
Boca Raton, FL			20,400		6.470	%		02/2020		1,342		18,383
Wall, NJ	(b)		26,044		6.250	%		01/2021		3,056		-
Charleston, SC			7,350		5.850	%		02/2021		437		6,632
Whippany, NJ			15,611		6.298	%		11/2021		1,344		10,400
Subtotal/Wtg. Avg./Years Remaining (l)		$	1,354,822		5.731	%		4.0	$	107,740	$	1,207,987

Page 35 of 45

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2011

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Corporate
Term Loan	(h)(k)	$	35,551		5.520	%		03/2013	$	1,995	$	35,551
Term Loan	(h)(k)		25,000		5.520	%		03/2013		1,403		25,000
Exchangeable Notes	(e)(m)		62,150		5.450	%		01/2027		3,387		62,150
Convertible Notes	(o)(q)		115,000		6.000	%		01/2030		6,900		115,000
Trust Preferred Notes	(g)		129,120		6.804	%		04/2037		8,785		129,120
Subtotal/Wtg. Avg./Years Remaining (l)		$	366,821		6.111	%		11.4	$	22,470	$	366,821
Total/Wtg. Avg./Years Remaining (l)		$	1,721,643		5.812	%		5.5	$	130,210	$	1,574,808

Footnotes

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

(b)	Debt balances based upon imputed interest rates.

(c)	Loan satisfied subsequent to quarter end.

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

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

(f)	Properties are cross-collateralized properties.

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

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

(i)	Properties are cross-collateralized properties.

(j)	Properties are cross-collateralized properties.

(k)	Represents full payable of loans, discount of $1,940 excluded from balance.

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

(m)	Represents full payable of notes, discount of $546 excluded from balance.

(n)	Properties are cross-collateralized properties.

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

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

(q)	Represents full payable of notes, discount of $11,305 excluded from balance.

(r)	Maturity date represents lender call date.

Page 36 of 45

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

3/31/2011

Joint Venture	Footnotes	Debt Balance ($000)		LXP Proportionate Share ($000) (3)		Interest Rate (%)			Maturity		Current Estimated Annual Debt Service ($000) (4)		Balloon Payment ($000)		Proportionate Share Balloon Payment ($000) (3)
Net Lease Strategic		$	13,365	$	2,005		7.400	%		04/2011	$	85	$	13,365	$	2,005
Net Lease Strategic			30,582		4,587		5.126	%		05/2011		131		30,582		4,587
Taber			77		21		10.125	%		06/2011		78		-		-
Net Lease Strategic (5)			7,527		1,129		6.930	%		07/2011		212		7,492		1,124
Jayal			370		110		11.500	%		03/2012		325		-		-
Net Lease Strategic			22,479		3,372		5.147	%		05/2012		1,491		22,153		3,323
Net Lease Strategic			5,101		765		7.670	%		01/2013		2,914		-		-
Net Lease Strategic			12,636		1,895		5.148	%		05/2013		894		12,144		1,822
Net Lease Strategic			4,735		710		5.950	%		09/2013		381		4,496		674
Net Lease Strategic			19,766		2,965		5.810	%		02/2014		1,551		18,588		2,788
Net Lease Strategic			9,071		1,361		5.616	%		04/2014		697		8,484		1,273
Net Lease Strategic			915		137		8.500	%		04/2015		271		-		-
Net Lease Strategic			16,379		2,457		5.411	%		05/2015		1,189		15,087		2,263
Net Lease Strategic - Oklahoma TIC			14,585		875		5.240	%		05/2015		976		13,673		820
Net Lease Strategic			12,230		1,835		5.212	%		06/2015		836		11,349		1,702
Net Lease Strategic			5,912		887		5.783	%		06/2015		462		5,371		806
Net Lease Strategic			16,044		2,407		8.036	%		09/2015		3,438		6,925		1,039
Net Lease Strategic			4,650		698		8.036	%		09/2015		948		2,203		330
Net Lease Strategic			8,300		1,245		6.090	%		01/2016		668		7,446		1,117
Net Lease Strategic			6,135		920		6.090	%		04/2016		494		5,465		820
Net Lease Strategic			6,308		946		6.315	%		09/2016		497		5,723		858
One Summit			14,438		4,331		9.375	%		10/2016		3,344		-		-
Net Lease Strategic			8,902		1,335		6.063	%		11/2016		683		8,023		1,203
One Summit			9,502		2,851		10.625	%		11/2016		2,239		-		-
Net Lease Strategic			8,643		1,296		5.910	%		10/2018		728		6,624		994
Net Lease Strategic			9,524		1,429		6.010	%		08/2019		753		7,658		1,149
Net Lease Strategic			7,500		1,125		6.507	%		11/2019		545		6,692		1,004
Net Lease Strategic			9,622		1,443		6.270	%		12/2019		774		7,755		1,163
Net Lease Strategic			8,396		1,259		9.800	%		01/2020		1,917		-		-

Page 37 of 45

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

3/31/2011

Joint Venture	Footnotes	Debt Balance ($000)		LXP Proportionate Share ($000) (3)		Interest Rate (%)			Maturity		Current Estimated Annual Debt Service ($000) (4)		Balloon Payment ($000)		Proportionate Share Balloon Payment ($000) (3)
Net Lease Strategic			9,731		1,460		5.930	%		10/2020		750		7,660		1,149
Net Lease Strategic			8,973		1,346		5.460	%		12/2020		741		5,895		884
Net Lease Strategic			9,235		1,385		5.640	%		01/2021		692		7,018		1,053
Net Lease Strategic			11,481		1,722		5.380	%		08/2025		1,144		362		54
Net Lease Strategic			2,052		308		7.500	%		10/2026		226		-		-
Total/Wtg. Avg. (1)/Years Remaining (2)		$	335,166	$	52,617		6.59	%		4.8	$	33,074	$	248,233	$	36,004

Footnotes

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

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

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

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

(5)	Lender is Lexington.

Page 38 of 45

LEXINGTON REALTY TRUST

Partnership Interests

Three Months Ended March 31, 2011

($000)

Noncontrolling Interest Properties - Partners' Proportionate Share (1)


EBITDA	$	645
Interest expense	$	136
Depreciation and amortization	$	492


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


EBITDA	$	6,871
Interest expense	$	878

Footnotes

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

Page 39 of 45

LEXINGTON REALTY TRUST

Selected Balance Sheet Account Detail

3/31/2011

($000)


Other assets	$	63,081

The components of other assets are:

Deposits	$	1,958
Forward purchase equity commitment		33,138
Investments- capital lease		10,592
Equipment		944
Prepaids		4,402
Other receivables		1,275
Deferred tax asset		595
Deferred lease incentives		8,349
Other		1,828

Accounts payable and other liabilities	$	45,914

The components of accounts payable and other liabilities are:

Accounts payable and accrued expenses	$	12,068
CIP accruals and other		10,373
Taxes		641
Deferred lease costs		6,597
Subordinated notes		2,126
Deposits		1,404
Escrows		2,722
Sale/leaseback financing obligation		4,750
Transaction costs		585
Derivative liability		4,648

Page 40 of 45

LEXINGTON REALTY TRUST

Revenue Data

3/31/2011

($000)

Base Rent Estimates for Current Assets
Year	Cash (1)		GAAP (1)
2011 - Remainder	$	208,723	$	217,939
2012	$	268,347	$	269,802
2013	$	237,139	$	238,033
2014	$	201,813	$	204,191
2015	$	169,112	$	171,129

Other Revenue Data

Asset Class	GAAP Base Rent as of 3/31/11 (2)			Percentage
Office		$	48,251		64.9	%
Industrial		$	14,881		20.0	%
Retail		$	3,134		4.2	%
Multi-tenant		$	8,128		10.9	%
		$	74,394		100.0	%

Credit Ratings (3)
Investment Grade		$	32,649		43.9	%
Non-Investment Grade		$	12,510		16.8	%
Unrated		$	29,235		39.3	%
		$	74,394		100.0	%

Footnotes

(1)	Amounts assume (1) lease terms for non-cancellable periods only, (2) that all below market leases are renewed by the tenants at the option rate and (3) that no new or renegotiated leases are entered into after 3/31/2011.

(2)	Three months ended 3/31/2011 GAAP base rent recognized for consolidated properties owned as of 3/31/2011.

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

Page 41 of 45

LEXINGTON REALTY TRUST

Top 20 Markets

3/31/2011

	Core Based Statistical Area (2)	Percent of GAAP Base Rent as of 3/31/11 (1)
1	Dallas-Fort Worth-Arlington, TX		7.7	%
2	Los Angeles-Long Beach-Santa Ana, CA		6.5	%
3	Houston-Sugar Land-Baytown, TX		5.3	%
4	Atlanta-Sandy Springs-Marietta, GA		4.4	%
5	Memphis, TN-MS-AR		4.3	%
6	New York-Northern New Jersey-Long Island, NY-NJ-PA		4.0	%
7	Kansas City, MO-KS		3.6	%
8	Detroit-Warren-Livonia, MI		3.5	%
9	Orlando-Kissimmee, FL		2.7	%
10	Boston-Cambridge-Quincy, MA-NH		2.6	%
11	Indianapolis-Carmel, IN		2.5	%
12	Baltimore-Towson, MD		2.5	%
13	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2.4	%
14	Chicago-Naperville-Joliet, IL-IN-WI		2.2	%
15	Charlotte-Gastonia-Concord, NC-SC		2.0	%
16	Phoenix-Mesa-Scottsdale, AZ		1.9	%
17	Washington-Arlington-Alexandria, DC-VA-MD-WV		1.9	%
18	Beaumont-Port Arthur, TX		1.8	%
19	San Antonio, TX		1.8	%
20	Columbus, OH		1.8	%
	Total Top 20 Markets (3)		65.0	%

Footnotes

(1)	Three months ended 3/31/2011 GAAP base rent recognized for consolidated properties owned as of 3/31/2011.

(2)

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

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

Page 42 of 45

LEXINGTON REALTY TRUST

Tenant Industry Diversification

3/31/2011

Industry Category	Percent of GAAP Base Rent as of 3/31/11 (1)
Finance/Insurance		13.6	%
Automotive		10.0	%
Energy		9.9	%
Technology		9.6	%
Consumer Products		7.0	%
Service		7.0	%
Healthcare		6.8	%
Transportation/Logistics		6.6	%
Food		6.2	%
Construction/Materials		3.9	%
Telecommunications		3.9	%
Media/Advertising		3.7	%
Printing/Production		2.9	%
Aerospace/Defense		2.5	%
Retail Department		1.5	%
Real Estate		1.4	%
Education		1.1	%
Apparel		1.1	%
Retail Specialty		0.7	%
Security		0.4	%
Retail Electronics		0.3	%
Total (2)		100.0	%

Footnotes

(1)	Three months ended 3/31/2011 GAAP base rent recognized for consolidated properties owned as of 3/31/2011.

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

Page 43 of 45

LEXINGTON REALTY TRUST

Top 10 Tenants or Guarantors

3/31/2011

Tenants or Guarantors	Number of Leases		Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			GAAP Base Rent as of 3/31/11 ($000) (1)		Percent of GAAP Base Rent as of 3/31/2011 ($000) (1)
Bank of America, National Association		8		691,893		2.0	%	$	2,377		3.2	%
Baker Hughes, Inc.		2		720,221		2.1	%	$	2,330		3.1	%
Dana Holding Corporation and Dana Limited		6		1,902,414		5.4	%	$	2,075		2.8	%
Federal Express Corporation		2		641,286		1.8	%	$	1,854		2.5	%
Morgan, Lewis & Bockius, LLP (3)		1		290,565		0.8	%	$	1,698		2.3	%
Swiss Re America Holding Corporation		2		476,123		1.4	%	$	1,692		2.3	%
CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		3		2,503,916		7.2	%	$	1,642		2.2	%
Wells Fargo Bank, N.A.		2		338,301		1.0	%	$	1,497		2.0	%
International Business Machines Corporation (Internet Security Systems, Inc.)		2		289,000		0.8	%	$	1,477		2.0	%
JPMorgan Chase Bank, National Association		3		430,375		1.2	%	$	1,351		1.8	%
		31		8,284,094		23.7	%	$	17,993		24.2	%

Footnotes

(1)	Three months ended 3/31/2011 GAAP base rent recognized for consolidated properties owned as of 3/31/2011.

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

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

Page 44 of 45

Investor Information

Transfer Agent		Investor Relations

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

Research Coverage

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

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

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

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

Page 45 of 45

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