Attached files

file filename
EX-23 - EXHIBIT 23 - LEXINGTON REALTY TRUSTlxpex23_20151231-kpmgconse.htm
EX-31.1 - EXHIBIT 31.1 - LEXINGTON REALTY TRUSTlxpex311_20151231q4.htm
EX-32.1 - EXHIBIT 32.1 - LEXINGTON REALTY TRUSTlxpex321_20151231q4.htm
EX-32.2 - EXHIBIT 32.2 - LEXINGTON REALTY TRUSTlxpex322_20151231q4.htm
EX-21 - EXHIBIT 21 - LEXINGTON REALTY TRUSTlxpex21_20151231-listofsub.htm
10-K - 10-K - LEXINGTON REALTY TRUSTlxp2015123110k.htm
EX-31.2 - EXHIBIT 31.2 - LEXINGTON REALTY TRUSTlxpex312_20151231q4.htm

Exhibit 12

LEXINGTON REALTY TRUST
and Consolidated Subsidiaries
For the years ended December 31,
($000's)
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

Earnings
 
2015
 
2014
 
2013
 
2012
 
2011
Income (loss) before benefit (provision) for income taxes, noncontrolling interests, equity in earnings (losses) of non-consolidated entities, gain on acquisition and discontinued operations
 
$
112,025

 
$
48,325

 
$
(17,687
)
 
$
(4,356
)
 
$
(23,341
)
Interest expense
 
85,549

 
93,297

 
82,465

 
81,010

 
86,995

Amortization expense - debt cost
 
4,190

 
4,006

 
3,427

 
3,240

 
3,596

Cash received from joint ventures
 
2,056

 
1,381

 
918

 
7,498

 
11,689

Total
 
$
203,820

 
$
147,009

 
$
69,123

 
$
87,392

 
$
78,939

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
85,549

 
$
93,297

 
$
82,465

 
$
81,010

 
$
86,995

Amortization expense - debt cost
 
4,190

 
4,006

 
3,427

 
3,240

 
3,596

Capitalized interest expense
 
6,062

 
3,424

 
2,327

 
2,916

 
1,769

Preferred stock dividends
 
6,290

 
6,290

 
9,833

 
20,291

 
24,507

Total
 
$
102,091

 
$
107,017

 
$
98,052

 
$
107,457

 
$
116,867

 
 
 
 
 
 
 
 
 
 
 
Ratio
 
2.00

 
1.37

 
N/A

 
N/A

 
N/A



N/A - Ratio is less than 1.0, deficit of $28,929, $20,065 and $37,928 exists at December 31, 2013, 2012 and 2011, respectively.