LXP Industrial Trust (LXP) 8-K Results of Operations and Financial Condition

Exhibit 99.1

Quarterly Earnings and

Supplemental Operating and Financial Data

September 30, 2010

LEXINGTON REALTY TRUST

SUPPLEMENTAL REPORTING PACKAGE

September 30, 2010

Table of Contents

Section		Page
Third Quarter 2010 Earnings Press Release		3
Portfolio Data
	2010 Third Quarter Leasing Summary	11
	2010 Third Quarter Disposition Summary	12
	Property Leases and Vacancies – Consolidated Portfolio	13
	Property Leases and Vacancies – Net Lease Strategic Assets Fund	21
	Lease Rollover Schedule – Cash Basis	23
	Lease Rollover Schedule – GAAP Basis	24
	Mortgage Loans Receivable	25
	2010 Third Quarter Financing Summary	26
	Debt Maturity Schedule	27
	2010 Mortgage Maturities by Property Type	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
	Mortgages and Notes Payable	33
	Partnership Interests	38
	Selected Balance Sheet Account Detail	39
	Revenue Data	40
	Top 20 Markets	41
	Tenant Industry Diversification	42
	Top 10 Tenants or Guarantors	43
Investor Information		44

This Quarterly Earnings Release and Supplemental Reporting Package contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under 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,” “e stimates,” “projects”, “is optimistic” or similar expressions. Lexington undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. Accordingly, there is no assurance that Lexington’s expectations will be realized.

LEXINGTON REALTY TRUST

TRADED: NYSE: LXP

ONE PENN PLAZA, SUITE 4015

NEW YORK NY 10119-4015

Contact:

Investor or Media Inquiries, T. Wilson Eglin, CEO

Lexington Realty Trust

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

FOR IMMEDIATE RELEASE

Thursday, November 4, 2010

LEXINGTON REALTY TRUST REPORTS THIRD QUARTER 2010 RESULTS AND INCREASES COMMON SHARE DIVIDEND BY 15%

New York, NY – November 4, 2010 – Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the third quarter ended September 30, 2010.

Third Quarter 2010 Highlights

· Generated Company Funds From Operations (“Company FFO”) of $39.1 million or $0.25 per diluted common share/unit, adjusted for certain items.

· Executed 11 new and renewal leases, totaling approximately 760,000 square feet.

· Increased portfolio occupancy by 1.4% to approximately 93% leased.

· Raised $69.7 million from dispositions and $11.3 million from financing activities.

· Reduced overall consolidated debt by $105.5 million; paid off $80.0 million term loan ahead of scheduled maturity.

· Increased the availability of secured credit line to $220.0 million, with $18.8 million outstanding at quarter end.

· Agreed to fund $23.4 million for the construction of a 672,000 square foot industrial facility and to purchase the facility, upon its completion and commencement of a 20-year net lease, at an initial cap rate of 8.9%.

Subsequent to Quarter End Highlights

· Increased quarterly common share dividend 15% to $0.115 per share.

· Sold one vacant property for $6.1 million.

· Retired $38.9 million in consolidated debt on three properties.

T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, “We are pleased to announce a 15% increase in our common share dividend that reflects our strong operating results, the success we have had this year in executing all aspects of our business plan and our confidence in our future prospects. We believe we will continue to have success selling our multi-tenant properties and utilizing sales proceeds to reduce debt and selectively fund accretive acquisition opportunities. With relatively few expiring leases and debt maturities next year, we believe our new dividend payout ratio will continue to be conservative in relation to our funds from operations.”

Page 3 of 44

FINANCIAL RESULTS

Revenues

For the quarter ended September 30, 2010, total gross revenues were $87.8 million, compared with total gross revenues of $92.0 million for the quarter ended September 30, 2009.

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 September 30,												Nine Months Ended September 30,
	2010			Per Diluted Share/Unit			2009			Per Diluted Share/Unit			2010			Per Diluted Share/Unit			2009			Per Diluted Share/Unit
Reported Company FFO(A)	$	42.8		$	0.27		$	18.3		$	0.15		$	71.4		$	0.46		$	(39.4	)	$	(0.34	)
New accounting pronouncements		0.1						0.3						0.4						1.1
Debt satisfaction, net		--						(9.2	)					(2.6	)					(21.5	)
Forward equity commitment		(4.9	)					(7.0	)					(5.4	)					(2.6	)
Impairment losses - real estate		1.1						29.2						51.2						38.8
Impairment losses - real estate noncontrolling interests														(9.5	)
Impairment losses -consolidated debt investments								0.5						3.9						1.6
Impairment losses/reserves -Concord debt investments		--						--						--						71.4
Impairment loss - Concord equity investment		--						--						--						68.2
Impairment loss - JV		--						6.5						--						6.5
Lease termination/ deferred maintenance payments								(1.9	)											(3.2	)
Land transaction income, net		--						--						--						(1.3	)
Company FFO, as adjusted	$	39.1		$	0.25	(B)	$	36.7		$	0.31	(B)	$	109.4		$	0.72	(B)	$	119.6		$	1.05	(B)

(A) A reconciliation of GAAP net income (loss) to Company FFO is provided later in this press release.

(B) Per diluted share/unit reflects the impact of estimated net common shares retired upon the assumed settlement of the forward equity commitment of (3,305,015), (2,487,326), (3,312,724) and (2,139,550) for the three months ended September 30, 2010 and 2009 and the nine months ended September 30, 2010 and 2009, respectively.

Net Income (Loss) Attributable to Common Shareholders

For the quarter ended September 30, 2010, net income attributable to common shareholders was $58 thousand, or income of $0.00 per diluted share, compared with net loss attributable to common shareholders for the quarter ended September 30, 2009 of ($28.5) million, or a loss of ($0.25) per diluted share.

Financing Activities and Balance Sheet Update

Overall consolidated debt was reduced in the third quarter by $105.5 million. Lexington fully satisfied the $80.0 million term loan portion of the secured credit facility and retired $47.2 million in non-recourse mortgage balloon debt on four properties.

Page 4 of 44

During the quarter, Lexington increased the capacity under its secured revolving line of credit to $220.0 million from $175.0 million. As of September 30, 2010, $18.8 million was outstanding under this facility. In addition, Lexington obtained an $11.3 million fully amortizing, non-recourse mortgage loan on its North Berwick, Maine property leased to United Technologies Corporation with a term of approximately nine years and a fixed interest rate of 3.56%.

Common Share Dividend/Distribution

Lexington declared a regular quarterly dividend/distribution, for the quarter ended September 30, 2010, of $0.10 per common share/unit, which was paid on October 15, 2010 to common shareholders/unitholders of record as of September 30, 2010.

On November 3, 2010, Lexington declared a regular quarterly dividend/distribution for the quarter ended December 31, 2010 of $0.115 per common share/unit, which will be paid on or about January 14, 2011 to common shareholders/unitholders of record as of December 31, 2010. This quarterly dividend of $0.115 per common share/unit represents a 15% increase and, subject to Board of Trustees’ authorization, an expected annualized dividend of $0.46 per common share/unit.

OPERATING ACTIVITIES

Capital Recycling

During the quarter ended September 30, 2010, Lexington raised $69.7 million from four property sales at a weighted-average cap rate of 0.6%. Subsequent to quarter end, Lexington sold one vacant industrial property for $6.1 million ($30.42 psf). Year to date, Lexington has monetized 11 properties for $155.1 million at a weighted-average cap rate of 4.1%.

Investments

During the third quarter, Lexington agreed to fund up to $23.4 million for the construction of a 672,000 square foot industrial facility in Shelby, North Carolina and to acquire the property for approximately $0.3 million in excess of the construction funding commitment. The facility will be leased to Clearwater Paper Corporation for a term of 20 years upon completion of construction, which is expected to occur in the second quarter of 2011, at an initial cap rate of 8.9%. No assurance can be provided that construction will be completed or the acquisition will be consummated.

Leasing Activity

For the quarter ended September 30, 2010, Lexington executed 11 new and renewal leases for 760,000 square feet. At September 30, 2010, Lexington’s overall portfolio was approximately 93% leased.

2010 EARNINGS GUIDANCE

Lexington reaffirms its estimated Company FFO guidance of a range of $0.93 to $0.97 per diluted share for the year ended December 31, 2010. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

Page 5 of 44

THIRD QUARTER 2010 CONFERENCE CALL

Lexington will host a conference call today, Thursday, November 4, 2010, at 11:00 a.m. Eastern Time, to discuss its results for the quarter ended September 30, 2010. Interested parties may participate in this conference call by dialing (877) 604-9668 or (719) 325-4899. A replay of the call will be available through November 18, 2010, at (877) 870-5176 or (858) 384-5517, pin: 7174391. 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) 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 optimist ic” 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.

Page 6 of 44

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three and nine months ended September 30, 2010 and 2009

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

	Three months ended September 30,						Nine months ended September 30,
	2010			2009			2010			2009
Gross revenues:
Rental	$	79,484		$	81,574		$	233,986		$	245,280
Advisory and incentive fees		254			388			869			1,434
Tenant reimbursements		8,077			9,989			25,676			29,317
Total gross revenues		87,815			91,951			260,531			276,031
Expense applicable to revenues:
Depreciation and amortization		(41,165	)		(42,198	)		(124,497	)		(127,033	)
Property operating		(17,418	)		(19,458	)		(54,331	)		(57,336	)
General and administrative		(4,886	)		(5,051	)		(15,810	)		(17,822	)
Non-operating income		2,934			1,304			7,982			6,877
Interest and amortization expense		(30,958	)		(31,875	)		(94,453	)		(97,038	)
Debt satisfaction gains (charges), net		(11	)		3,152			(773	)		16,868
Change in value of forward equity commitment		4,940			7,031			5,400			2,596
Impairment charges and loan losses		--			(491	)		(16,354	)		(1,576	)
Income (loss) before provision for income taxes, equity in earnings
(losses) of non-consolidated entities and discontinued operations		1,251			4,365			(32,305	)		1,567
Provision for income taxes		(451	)		(658	)		(1,697	)		(1,649	)
Equity in earnings (losses) of non-consolidated entities		5,459			(525	)		16,066			(130,813	)
Income (loss) from continuing operations		6,259			3,182			(17,936	)		(130,895	)
Discontinued operations:
Income (loss) from discontinued operations		147			(2,083	)		(932	)		(3,479	)
Provision for income taxes		--			(6	)		(14	)		(70	)
Debt satisfaction gains, net		--			6,006			3,385			4,607
Gains on sales of properties		2,025			--			2,523			6,280
Impairment charges		(1,091	)		(29,230	)		(38,713	)		(38,787	)
Total discontinued operations		1,081			(25,313	)		(33,751	)		(31,449	)
Net income (loss)		7,340			(22,131	)		(51,687	)		(162,344	)
Less net loss (income) attributable to noncontrolling interests		(1,006	)		2			7,153			(1,841	)
Net income (loss) attributable to Lexington Realty Trust shareholders		6,334			(22,129	)		(44,534	)		(164,185	)
Dividends attributable to preferred shares - Series B		(1,590	)		(1,590	)		(4,770	)		(4,770	)
Dividends attributable to preferred shares - Series C		(1,702	)		(1,702	)		(5,107	)		(5,516	)
Dividends attributable to preferred shares - Series D		(2,926	)		(2,926	)		(8,777	)		(8,777	)
Dividends attributable to non-vested common shares		(58	)		(127	)		(181	)		(385	)
Conversion dividend - Series C		--			--			--			(6,994	)
Net income (loss) attributable to common shareholders	$	58		$	(28,474	)	$	(63,369	)	$	(190,627	)
Income (loss) per common share - basic and diluted:
Loss from continuing operations	$	(0.01	)	$	(0.03	)	$	(0.28	)	$	(1.51	)
Income (loss) from discontinued operations		0.01			(0.22	)		(0.21	)		(0.30	)
Net income (loss) attributable to common shareholders	$	0.00		$	(0.25	)	$	(0.49	)	$	(1.81	)
Weighted average common shares outstanding - basic and diluted		133,713,505			112,217,415			129,487,281			105,490,039
Amounts attributable to common shareholders:
Loss from continuing operations	$	(1,290	)	$	(3,243	)	$	(36,244	)	$	(158,833	)
Income (loss) from discontinued operations		1,348			(25,231	)		(27,125	)		(31,794	)
Net income (loss) attributable to common shareholders	$	58		$	(28,474	)	$	(63,369	)	$	(190,627	)

Page 7 of 44

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

September 30, 2010 and December 31, 2009

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

	2010			2009
Assets:
Real estate, at cost	$	3,417,177		$	3,552,806
Less: accumulated depreciation and amortization		605,741			537,406
		2,811,436			3,015,400
Intangible assets, net		212,853			267,161
Cash and cash equivalents		59,277			53,865
Restricted cash		33,166			21,519
Investment in and advances to non-consolidated entities		70,353			55,985
Deferred expenses, net		38,978			38,245
Loans receivable, net		93,409			60,567
Rent receivable - current		7,831			11,463
Rent receivable - deferred		3,802			12,529
Other assets		54,024			43,111
Total assets	$	3,385,129		$	3,579,845
Liabilities and Equity:
Liabilities:
Mortgages and notes payable	$	1,619,027		$	1,857,909
Exchangeable notes payable		61,272			85,709
Convertible notes payable		102,726			-
Trust preferred securities		129,120			129,120
Contract right payable		14,397			15,252
Dividends payable		19,651			18,412
Accounts payable and other liabilities		44,840			43,629
Accrued interest payable		8,804			11,068
Deferred revenue - below market leases, net		98,880			107,535
Prepaid rent		15,918			13,975
		2,114,635			2,282,609
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 $104,760, 2,095,200 shares issued and outstanding		101,778			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, 134,330,111 and 121,943,258 shares issued and outstanding in 2010 and 2009, respectively		13			12
Additional paid-in-capital		1,846,958			1,750,979
Accumulated distributions in excess of net income		(974,236	)		(870,862	)
Accumulated other comprehensive income (loss)		(934	)		673
Total shareholders' equity		1,199,668			1,208,669
Noncontrolling interests		70,826			88,567
Total equity		1,270,494			1,297,236
Total liabilities and equity	$	3,385,129		$	3,579,845

Page 8 of 44

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

EARNINGS PER SHARE AND COMPANY FUNDS FROM OPERATIONS PER SHARE

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

	Three months ended September 30,						Nine months ended September 30,
	2010			2009			2010			2009
EARNINGS PER SHARE:
Basic and Diluted:
Loss from continuing operations attributable to common shareholders	$	(1,290	)	$	(3,243	)	$	(36,244	)	$	(158,833	)
Income (loss) from discontinued operations attributable to common shareholders		1,348			(25,231	)		(27,125	)		(31,794	)
Net income (loss) attributable to common shareholders	$	58		$	(28,474	)	$	(63,369	)	$	(190,627	)
Weighted average number of common shares outstanding		133,713,505			112,217,415			129,487,281			105,490,039
Income (loss) per common share:
Loss from continuing operations	$	(0.01	)	$	(0.03	)	$	(0.28	)	$	(1.51	)
Income (loss) from discontinued operations		0.01			(0.22	)		(0.21	)		(0.30	)
Net income (loss) attributable to common shareholders	$	0.00		$	(0.25	)	$	(0.49	)	$	(1.81	)

	Three months ended September 30,						Nine months ended September 30,
	2010			2009			2010			2009
COMPANY FUNDS FROM OPERATIONS: (1) Basic and Diluted:
Net income (loss) attributable to common shareholders	$	58		$	(28,474	)	$	(63,369	)	$	(190,627	)
Adjustments:
Depreciation and amortization		40,325			44,994			123,805			136,404
Noncontrolling interests - OP units		687			221			1,443			933
Amortization of leasing commissions		854			787			2,621			2,269
Joint venture and noncontrolling interest adjustment		(1,131	)		(910	)		(1,977	)		5,381
Preferred dividends - Series C		1,702			1,702			5,107			12,510
Gains on sale of properties		(2,025	)		--			(2,523	)		(6,280	)
Gain on sale of marketable securities		--			(19	)		--			(19	)
Interest and amortization on 6.00% Convertible Notes		2,325			--			6,283			--
Company FFO	$	42,795		$	18,301		$	71,390		$	(39,429	)

Basic and Diluted:
Weighted average common shares outstanding - EPS		133,713,505		112,217,415		129,487,281		105,490,039
6.00% Convertible Notes		16,230,905		--		14,698,029		--
Non-vested share-based payment awards		67,785		--		57,080		--
Operating Partnership Units		5,037,207		5,599,397		5,267,260		5,449,726
Preferred Shares - Series C		5,099,507		4,950,907		5,099,507		5,461,335
Weighted average common shares outstanding		160,148,909		122,767,719		154,609,157		116,401,100
Company FFO per common share	$	0.27	$	0.15	$	0.46	$	(0.34	)

Page 9 of 44

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 r atably over time. Historically, however, real estate values have risen or fallen with market conditions. As a result, FFO provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, development activities, interest costs and other matters without the inclusion of depreciation and amortization, providing perspective that may not necessarily be apparent from net income.

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

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

###

Page 10 of 44

LEXINGTON REALTY TRUST

2010 Third Quarter Leasing Summary

	NEW LEASES
	Tenants/Guarantors	Location		Lease Expiration  Date		Sq. Ft.		New Cash Rent Per Annum ($000)(1)		New GAAP Rent Per Annum ($000)(1)
	Office/Multi-Tenant
1	Paul Kaminaka	Honolulu	HI		10/2013		4,702	$	18	$	18
2	Transamerica Life Insurance Company (2)	Baltimore	MD		01/2022		140,526	$	2,990	$	4,258
3	Yellow Book Sales and Distribution Co., Inc.	Fishers	IN		11/2013		3,764	$	54	$	54
3	Total new office/multi-tenant leases						148,992	$	3,062	$	4,330
	Industrial
1	Enbridge Energy L.P.	Marshall	MI		02/2011		58,300	$	198	$	198
2	Ozburn-Hessey Logistics, LLC	Statesville	NC		05/2013		168,800	$	365	$	365
2	Total new industrial leases						227,100	$	563	$	563
5	TOTAL NEW LEASES						376,092	$	3,625	$	4,893

	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	AT&T Services, Inc. (3)	Oklahoma City	OK		11/2010		11/2015		103,500	$	247		$	267	$	239	$	261
2	Jordan Associates Inc. (3)	Oklahoma City	OK		06/2010		06/2011		25,000	$	10		$	10	$	10	$	10
3	Management & Training Corporation	Honolulu	HI		04/2010		04/2011		1,518	$	21		$	20	$	21	$	20
4	Victor T. Fujita d/b/a I.M.C. Direct	Honolulu	HI		08/2010		08/2013		297	$	6		$	5	$	6	$	5
												��
4	Total office/multi-tenant lease extensions								130,315	$	284		$	302	$	276	$	296
	Industrial
1	Walgreen Company	Orlando	FL		03/2011		03/2016		205,016	$	508		$	508	$	786	$	786
1	Total industrial lease extensions								205,016	$	508		$	508	$	786	$	786
	Retail
1	Safeway Stores Inc.	Greenville	TX		05/2011		05/2016		48,492	$	171		$	171	$	242	$	242
1	Total retail lease extensions								48,492	$	171		$	171	$	242	$	242
6	TOTAL LEASE EXTENSIONS								383,823	$	963		$	981	$	1,304	$	1,324
11	TOTAL NEW AND EXTENDED LEASES								759,915	$	4,588		$	981	$	6,197	$	1,324

Footnotes

(1) Assumes twelve months rent.

(2) Represents twelve months rent from estimated lease commencement date of 11/1/2011, including free rent periods.

(3) Equity investment held in Net Lease Strategic Assets Fund L.P,  rent amounts reflect Lexington's 19% effective ownership interest.

Page 11 of 44

LEXINGTON REALTY TRUST

2010 Third Quarter Disposition Summary

	DISPOSITIONS
	Tenants/Guarantors	Location	Property Type	Gross Sale Price ($000)		Annualized NOI ($000)			Month of Disposition
1	Various Tenants	Dallas, TX	Multi-Tenant/Office	$	7,450	$	34		July
2	Various Tenants	Irvine, CA	Multi-Tenant/Office	$	20,000	$	696		July
3	Various Tenants	San Francisco, CA	Multi-Tenant/Office	$	42,250	$	(314	)	July
4	Vacant	North Myrtle Beach, SC	Retail	$	-	$	(12	)	August
4	TOTAL DISPOSITIONS			$	69,700	$	404

Page 12 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2010

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 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
OFFICE PROPERTIES
2010	12/31/2010		1701 Market St.	Philadelphia	PA		(6	)(7)	City National Bank of New Jersey	1957/1997		5,315		179		179		0
2011	1/31/2011		4848 129th East Ave.	Tulsa	OK		--		HSBC Card Services, Inc. (HSBC Finance Corporation)	2000		101,100		1,073		1,073		0
	2/28/2011		4200 RCA Blvd.	Palm Beach Gardens	FL		--		The Wackenhut Corporation	1996		96,118		1,360		1,358		2,402
	9/30/2011		200 Lucent Ln.	Cary	NC		--		Alcatel-Lucent USA, Inc.	1999		124,944		1,710		1,544		0
	11/30/2011		207 Mockingbird Ln.	Johnson City	TN		(22	)	SunTrust Bank	1979		63,800		506		567		675
	12/31/2011		2050 Roanoke Rd.	Westlake	TX		--		Chrysler Financial Services Americas, LLC	2001		130,290		2,745		2,591		0
			37101 Corporate Dr.	Farmington Hills	MI		(10	)	Continental Automotive Systems, Inc.	2001		119,829		3,143		2,293		0
2012	1/31/2012		26210 and 26220 Enterprise Court	Lake Forest	CA		--		Apria Healthcare, Inc. (Apria Healthcare Group, Inc.)	2001		100,012		1,477		1,344		0
			4000 Johns Creek Pkwy.	Suwanee	GA		--		Kraft Foods Global, Inc.	2001		73,264		1,067		1,039		0
			1275 Northwest 128th St.	Clive	IA		--		Principal Life Insurance Company	2004		61,180		599		599		935
	3/31/2012		1701 Market St.	Philadelphia	PA		(6	)(7)	Car-Tel Communications, Inc.	1957/1997		1,220		37		36		0
			3940 South Teller St.	Lakewood	CO		--		MoneyGram Payment Systems, Inc.	2002		68,165		912		650		1,295
		��	120 East Shore Dr.	Glen Allen	VA		--		Capital One Services, LLC	2000		77,045		621		590		847
	6/30/2012		275 South Valencia Ave.	Brea	CA		--		Bank of America, NA	1983		637,503		6,533		6,596		0
	8/31/2012		5757 Decatur Blvd.	Indianapolis	IN		--		Allstate Insurance Company	2002		84,200		1,030		1,161		0
									Damar Services, Inc.	2002		5,756		32		32		47
			2706 Media Center Dr.	Los Angeles	CA		--		Sony Electronics, Inc.	2000		20,203		158		158		0
	10/31/2012		4455 American Way	Baton Rouge	LA		--		Bell South Mobility, Inc.	1997		70,100		847		835		0
	11/7/2012		2706 Media Center Dr.	Los Angeles	CA		--		Playboy Enterprises, Inc.	2000		63,049		1,126		943		0
	11/14/2012		2211 South 47th St.	Phoenix	AZ		--		Avnet, Inc.	1997		176,402		1,806		1,694		0
	12/31/2012		200 Executive Blvd. South	Southington	CT		--		Hartford Fire Insurance Company	1984/2006		153,364		1,260		1,218		0
2013	1/31/2013		12600 Gateway Blvd.	Fort Meyers	FL		--		Gartner, Inc.	1998		62,400		839		819		0
			810 & 820 Gears Rd.	Houston	TX		--		IKON Office Solutions, Inc.	2000		157,790		1,699		1,688		0
	3/31/2013		3165 McKelvey Rd.	Bridgeton	MO		--		BJC Health System	1981		52,994		288		395		0
			8900 Freeport Pkwy.	Irving	TX		--		Nissan Motor Acceptance Corporation (Nissan North America, Inc.)	2003		268,445		3,700		3,667		0
	4/30/2013		Sandlake Rd./Kirkman Rd.	Orlando	FL		--		Lockheed Martin Corporation	1982		184,000		720		1,402		960
	5/31/2013		6303 Barfield Rd.	Atlanta	GA		--		International Business Machines Corporation (Internet Security Systems, Inc.)	2000/2001		238,600		3,616		3,661		0
	6/30/2013		2210 Enterprise Dr.	Florence	SC		(6	)	JPMorgan Chase Bank, National Association	1998		179,300		941		941		0
	9/30/2013		9200 South Park Center Loop	Orlando	FL		(6	)	Corinthian Colleges, Inc.	2003		59,927		960		869		0
	11/30/2013		10475 Crosspoint Blvd.	Fishers	IN		--		Yellow Book Sales and Distribution Company, Inc.	1999		3,764		0		0		0
			1110 Bayfield Dr.	Colorado Springs	CO		--		Honeywell International, Inc.	1980/1990/2002		166,575		1,307		1,200		1,713
	12/13/2013		3333 Coyote Hill Rd.	Palo Alto	CA		--		Xerox Corporation	1973/1975/1982		202,000		2,624		2,543		0
	12/31/2013		2550 Interstate Dr.	Harrisburg	PA		--		New Cingular Wireless PCS, LLC	1998		81,859		1,397		1,403		0
2014	1/31/2014		1701 Market St.	Philadelphia	PA		(7	)	Morgan, Lewis & Bockius, LLC	1957/1997		290,565		3,349		3,319		4,631
	3/15/2014		101 East Erie St.	Chicago	IL		--		Draftfcb, Inc. (Interpublic Group of Companies, Inc.)	1986		215,991		3,112		3,764		0
	5/31/2014		3476 Stateview Blvd.	Fort Mill	SC		--		Wells Fargo Bank, N.A.	2002		169,083		1,917		1,901		0
			3480 Stateview Blvd.	Fort Mill	SC		--		Wells Fargo Bank, N.A.	2004		169,218		2,630		2,595		0
			859 Mount Vernon Hwy.	Atlanta	GA		(12	)	International Business Machines Corporation (Internet Security Systems, Inc.)	2004		50,400		926		772		0
	7/31/2014		16676 Northchase Dr.	Houston	TX		--		Anadarko Petroleum Corporation	2003		101,111		1,226		1,222		0
	9/30/2014		333 Mt. Hope Ave.	Rockaway	NJ		--		BASF Corporation	1981/2002/2004		95,500		1,683		1,592		0
	10/31/2014		1409 Centerpoint Blvd.	Knoxville	TN		--		Alstom Power, Inc.	1997		84,404		1,223		1,216		0
			2800 Waterford Lake Dr.	Midlothian	VA		--		Alstom Power, Inc.	2000		99,057		1,517		1,511		0
			700 US Hwy. Route 202-206	Bridgewater	NJ		--		Biovail Pharmaceuticals, Inc. (Biovail Corporation)	1985/2003/2004		115,558		1,733		2,136		0

Page 13 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2010

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 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
	12/14/2014	5150 220th Ave.	Issaquah	WA		--		OSI Systems, Inc. (Instrumentarium Corporation)	1992		106,944		1,646		1,613		0
		22011 Southeast 51st St.	Issaquah	WA		--		OSI Systems, Inc. (Instrumentarium Corporation)	1987		95,600		1,463		1,416		0
	12/31/2014	1066 Main St.	Forest Park	GA		--		Bank of America, NA (Bank of America Corporation)	1969		14,859		150		150		199
		180 South Clinton St.	Rochester	NY		(6	)	Frontier Corporation	1988/2000		226,000		2,233		2,228		0
		201 West Main St.	Cumming	GA		--		Bank of America, NA (Bank of America Corporation)	1968/1982		14,208		149		149		198
		2223 North Druid Hills Rd.	Atlanta	GA		--		Bank of America, NA (Bank of America Corporation)	1972		6,260		84		84		112
		275 Technology Dr.	Canonsburg	PA		--		ANSYS, Inc.	1996		107,872		1,072		1,033		0
		400 Butler Farm Rd.	Hampton	VA		--		Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company)	1999		100,632		922		931		0
		4545 Chamblee – Dunwoody Rd.	Chamblee	GA		--		Bank of America, NA (Bank of America Corporation)	1972		4,565		66		66		88
		825 Southway Dr.	Jonesboro	GA		--		Bank of America, NA (Bank of America Corporation)	1971		4,894		58		58		77
		956 Ponce de Leon Ave.	Atlanta	GA		--		Bank of America, NA (Bank of America Corporation)	1975		3,900		59		59		78
		1698 Mountain Industrial Blvd.	Stone Mountain	GA		--		Bank of America, NA (Bank of America Corporation)	1973		5,704		71		71		95
2015	1/31/2015	26555 Northwestern Hwy.	Southfield	MI		--		Federal-Mogul Corporation	1963/1965/1988/1989		187,163		869		1,064		0
	4/30/2015	13775 McLearen Rd.	Herndon	VA		--		Equant, Inc. (Equant, NV)	1984/1988/1992		125,293		1,583		1,600		0
	7/1/2015	33 Commercial St.	Foxboro	MA		--		Invensys Systems, Inc. (Siebe, Inc.)	1982/1987		164,689		3,505		2,628		3,024
	7/31/2015	4001 International Pkwy.	Carrollton	TX		--		Motel 6 Operating, LP (Accor S.A.)	2003		138,443		2,395		2,396		3,580
	9/27/2015	10001 Richmond Ave.	Houston	TX		--		Baker Hughes, Inc.	1976/1984		554,385		8,163		5,531		6,596
		12645 West Airport Rd.	Sugar Land	TX		--		Baker Hughes, Inc.	1997		165,836		2,094		1,460		1,976
	9/30/2015	500 Olde Worthington Rd.	Westerville	OH		(5	)	InVentiv Communications, Inc.	2000		97,000		834		942		0
		550 Business Center Dr.	Lake Mary	FL		--		JPMorgan Chase Bank, National Association	1999		125,920		1,341		1,572		0
		600 Business Center Dr.	Lake Mary	FL		--		JPMorgan Chase Bank, National Association	1996		125,155		1,286		1,538		0
	10/31/2015	12209 West Markham St.	Little Rock	AR		--		Entergy Arkansas, Inc.	1981		36,311		178		178		237
2016	4/30/2016	11511 Luna Rd.	Farmers Branch	TX		--		Haggar Clothing Company (Texas Holding Clothing Corporation and Haggar Corporation)	2000		180,507		1,671		2,391		2,531
		2000 Eastman Dr.	Milford	OH		--		Siemens Shared Services, LLC	1991		221,215		1,865		1,367		2,486
	10/31/2016	104 & 110 South Front St.	Memphis	TN		--		Hnedak Bobo Group, Inc.	1871/1988/1999		37,229		363		376		0
	11/30/2016	4000 Johns Creek Pkwy.	Suwanee	GA		--		PerkinElmer Instruments, LLC	2001		13,955		171		174		0
2017	4/30/2017	1315 West Century Dr.	Louisville	CO		--		Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC)	1987/2006		106,877		1,093		1,200		0
	9/30/2017	9201 East Dry Creek Rd.	Centennial	CO		--		The Shaw Group, Inc.	2001/2002		128,500		1,679		1,779		0
	11/30/2017	6200 Northwest Pkwy.	San Antonio	TX		--		United HealthCare Services, Inc.	2000		142,500		1,230		1,400		0
2018	5/30/2018	13651 McLearen Rd.	Herndon	VA		--		US Government	1987		159,664		2,312		2,539		0
	6/30/2018	100 Barnes Rd.	Wallingford	CT		--		3M Company	1978/1985/1990/1993		44,400		510		380		0
	7/31/2018	4200 RCA Blvd.	Palm Beach Gardens	FL		--		Office Suites Plus Properties, Inc.	1996		18,400		329		337		0
	9/30/2018	1701 Market St.	Philadelphia	PA		(6	)(7)	Brinker Corner Bakery II, LLC	1957/1997		8,070		155		158		0
	11/30/2018	4201 Marsh Ln.	Carrollton	TX		--		Carlson Restaurants Worldwide, Inc. (Carlson Companies, Inc.)	2003		130,000		1,445		1,482		0
	12/22/2018	5200 Metcalf Ave.	Overland Park	KS		(6	)	Swiss Re America Holding Corporation	1980/1990/2004/2005		320,198		3,352		3,376		0
2019	4/1/2019	9201 Stateline Rd.	Kansas City	MO		(6	)	Swiss Re America Holding Corporation	1963/1973/1985/2003		155,925		1,578		1,578		0
	6/19/2019	3965 Airways Blvd.	Memphis	TN		--		Federal Express Corporation	1982/1983/1985		521,286		5,081		5,260		5,375
	7/31/2019	500 Jackson St.	Columbus	IN		--		Cummins, Inc.	1984		390,100		3,320		3,405		4,925
	10/31/2019	10475 Crosspoint Blvd.	Fishers	IN		(6	)	John Wiley & Sons, Inc.	1999		123,416		1,574		1,701		0
	12/31/2019	421 Butler Farm Rd.	Hampton	VA		--		Patient Advocate Foundation	2000		36,484		266		266		0
		850-950 Warrenville Rd.	Lisle	IL		(5	)	National-Louis University	1985		99,414		1,048		1,238		0
2020	1/31/2020	10300 Kincaid Dr.	Fishers	IN		--		Roche Diagnostics Operations, Inc.	1999		193,000		2,187		2,568		3,812
	2/14/2020	5600 Broken Sound Blvd.	Boca Raton	FL		(6	)	Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.)	1983/2002		136,789		1,622		1,683		0

Page 14 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2010

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 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
	7/8/2020	1460 Tobias Gadsen Blvd.	Charleston	SC	(6	)	Hagemeyer North America, Inc.	2005		50,076		576		630		0
2021	3/31/2021	1311 Broadfield Blvd.	Houston	TX	--		Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.)	2000		155,040		2,296		1,967		0
	6/30/2021	1415 Wyckoff Rd.	Wall	NJ	--		New Jersey Natural Gas Company	1983		157,511		2,290		2,290		4,224
	11/30/2021	29 South Jefferson Rd.	Whippany	NJ	--		CAE SimuFlite, Inc. (HP Whippany, LLC)	2006/2008		123,734		1,744		1,745		2,069
2022	12/31/2022	147 Milk St.	Boston	MA	--		Harvard Vanguard Medical Associates, Inc.	1910		52,337		1,149		1,246		0
2023	3/31/2023	6555 Sierra Dr.	Irving	TX	--		TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC)	1999		247,254		2,064		2,214		0
	7/31/2023	11201 Renner Blvd.	Lenexa	KS	(6	)	Applebee’s Services, Inc. (DineEquity, Inc.)	2007		178,000		2,681		2,927		0
2025	11/30/2025	11707 Miracle Hills Dr.	Omaha	NE	--		Infocrossing, LLC (Infocrossing, Inc.)	1988/1995		85,200		875		875		0
	12/31/2025	2005 East Technology Cir.	Tempe	AZ	--		Infocrossing, Inc.	1998		60,000		846		846		0
2028	9/30/2028	295 Chipeta Way	Salt Lake City	UT	--		University of Utah	1982		295,000		2,711		2,711		0
2029	1/31/2029	6226 West Sahara Ave.	Las Vegas	NV	--		Nevada Power Company	1982		282,000		6,025		3,169		2,914
	12/31/2029	400 East Stone Ave.	Greenville	SC	(13	)	Canal Insurance Company	1948/1981/1982/1986/1991/2006/2008		128,041		677		0		0
N/A	N/A	10475 Crosspoint Blvd.	Fishers	IN	--		(Available for Lease)	1999		13,867		0		0		0
		1701 Market St.	Philadelphia	PA	(7	)	Parking Operators	1957/1997		0		1,616		1,616		0
		421 Butler Farm Rd.	Hampton	VA	--		(Available for Lease)(Amounts represent prior tenant)	2000		20,080		30		27		0
		101 East Erie St.	Chicago	IL	--		(Available for Lease)	1986		14,693		0		0		0
OFFICE TOTAL/WEIGHTED AVERAGE							99.6% Leased			12,723,795	$	154,280	$	148,804

Page 15 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2010

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 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
INDUSTRIAL PROPERTIES
2011	2/15/2011	1601 Pratt Ave.	Marshall	MI		--		Enbridge Energy L.P.	1979		58,300		57		57		0
	5/31/2011	200 Arrowhead Dr.	Hebron	OH		--		Owens Corning Insulating Systems, LLC	2000		400,522		601		601		0
		291 Park Center Dr.	Winchester	VA		(5	)(20)	Kraft Foods Global, Inc.	2001		344,700		1,206		1,183		0
	9/25/2011	3820 Micro Dr.	Millington	TN		(6	)	Ingram Micro, L.P (Ingram Micro, Inc.)	1997		701,819		1,830		1,778		0
2012	8/4/2012	101 Michelin Dr.	Laurens	SC		--		CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)	1991/1993		1,164,000		2,560		2,478		2,619
		7111 Crabb Rd.	Temperance	MI		--		CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)	1978/1993		744,570		1,716		1,660		1,756
	10/31/2012	43955 Plymouth Oaks Blvd.	Plymouth	MI		--		Tower Automotive Operations USA I, LLC (Tower Automotive Inc.)	1996/1998		290,133		1,414		1,376		2,081
	12/31/2012	245 Salem Church Rd.	Mechanicsburg	PA		--		Exel, Inc. (NFC plc)	1985		252,000		652		649		0
2013	5/31/2013	2203 Sherrill Dr.	Statesville	NC		--		Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation)	1999/2002		639,800		1,110		1,195		0
2014	1/2/2014	2415 US Hwy. 78 East	Moody	AL		--		CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)	2004		595,346		790		790		1,054
	1/31/2014	1133 Poplar Creek Rd.	Henderson	NC		--		Staples, Inc.	1998/2006		196,946		619		603		0
	12/31/2014	3686 South Central Ave.	Rockford	IL		--		Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)	1992		90,000		303		236		446
		75 North St.	Saugerties	NY		(11	)	Rotron, Inc. (EG&G)	1979		52,000		92		174		122
2015	12/31/2015	749 Southrock Dr.	Rockford	IL		--		Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)	1992		150,000		357		366		525
2016	2/28/2016	7670 Hacks Cross Rd.	Olive Branch	MS		--		MAHLE Clevite, Inc. (MAHLE Industries, Inc.)	1989		268,104		716		687		0
	3/31/2016	19500 Bulverde Rd.	San Antonio	TX		--		Harcourt, Inc. (Harcourt General, Inc.)	2001		559,258		2,498		2,572		0
		2455 Premier Dr.	Orlando	FL		--		Walgreen Co.	1980		205,016		381		589		508
	8/31/2016	10590 Hamilton Ave.	Cincinnati	OH		--		The Hillman Group, Inc.	1991/1994/1995/2005		248,200		594		594		0
	9/30/2016	900 Industrial Blvd.	Crossville	TN		--		Dana Commercial Vehicle Products, LLC	1989/2006		222,200		513		513		0
2017	2/28/2017	3456 Meyers Ave.	Memphis	TN		--		Sears Logistics Services	1973		780,000		1,194		1,271		1,592
	6/30/2017	7500 Chavenelle Rd.	Dubuque	IA		(6	)	The McGraw-Hill Companies, Inc.	2002		330,988		864		873		0
	9/30/2017	250 Swathmore Ave.	High Point	NC		--		Steelcase, Inc.	2002		244,851		807		815		1,165
	10/31/2017	1420 Greenwood Rd.	McDonough	GA		--		Versacold USA, Inc.	2000/2007		296,972		1,983		1,947		0
2018	6/30/2018	1650-1654 Williams Rd.	Columbus	OH		--		ODW Logistics, Inc.	1973		772,450		1,010		1,007		0
	9/30/2018	50 Tyger River Dr.	Duncan	SC		(6	)	Plastic Omnium Exteriors, LLC	2005/2007/2008		221,833		718		718		0
2019	4/30/2019	113 Wells St.	North Berwick	ME		--		United Technologies Corporation	1965/1980		972,625		1,152		1,152		1,200
	10/17/2019	10345 Philipp Pkwy.	Streetsboro	OH		--		L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.)	2004		649,250		1,889		1,958		3,149
2020	3/31/2020	2425 Hwy. 77 North	Waxahachie	TX		--		James Hardie Building Products, Inc. (James Hardie, NV)	1996/2001		335,610		2,550		2,550		0
	6/30/2020	3102 Queen Palm Dr.	Tampa	FL		--		Time Customer Service, Inc. (Time, Inc.)	1986		229,605		885		957		0
	9/30/2020	3350 Miac Cove Rd.	Memphis	TN		--		Mimeo.com, Inc.	1987		107,399		300		278		0
	12/19/2020	1901 Ragu Dr.	Owensboro	KY		(9	)	Unilever Supply Chain, Inc. (Unilever United States, Inc.)	1975/1979/1995		443,380		784		1,116		1,802
2021	3/30/2021	121 Technology Dr.	Durham	NH		--		Heidelberg Web Systems, Inc.	1986/2002/2003		500,500		1,526		1,502		0
	5/31/2021	477 Distribution Pkwy.	Collierville	TN		--		Federal Express Corporation	1984/1987/2005		120,000		360		303		0
	11/30/2021	2880 Kenny Biggs Rd.	Lumberton	NC		--		Quickie Manufacturing Corporation	1998/2001/2006		423,280		956		1,017		0
	12/31/2021	224 Harbor Freight Rd.	Dillon	SC		(6	)	Harbor Freight Tools USA, Inc. (Central Purchasing, Inc.)	2001/2005		1,010,859		2,263		2,348		0
2025	6/30/2025	10000 Business Blvd.	Dry Ridge	KY		--		Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited)	1988/1999		336,350		1,009		1,009		1,402
		4010 Airpark Dr.	Owensboro	KY		--		Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1998/2006		211,598		906		906		829
		301 Bill Bryan Rd.	Hopkinsville	KY		--		Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1989/1999/2000/2005		424,904		1,266		1,266		1,512
		730 North Black Branch Rd.	Elizabethtown	KY		--		Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	2001		167,770		403		403		558
		750 North Black Branch Rd.	Elizabethtown	KY		--		Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1995/2000/2001		539,592		2,129		2,129		2,960
	7/31/2025	7005 Cochran Rd.	Glenwillow	OH		--		Royal Appliance Manufacturing Company	1997		458,000		1,458		1,688		0
2026	10/31/2026	5001 Greenwood Rd.	Shreveport	LA		--		Libbey Glass, Inc. (Libbey, Inc.)	2006		646,000		1,478		1,624		0
N/A	N/A	1109 Commerce Blvd.	Swedesboro	NJ		--		(Available for Lease)	1998		262,644		0		0		0

Page 16 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2010

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 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
		1665 Hughes Way	Long Beach	CA		(8	)(18)	(Available for Lease)	1981		200,541		0		0		0
		191 Arrowhead Dr.	Hebron	OH		--		(Available for Lease)(Amounts represent prior tenant)	1999		250,410		95		95		0
		250 Rittenhouse Cir.	Bristol	PA		--		(Available for Lease)	1983/1997		255,019		0		0		0
		3350 Miac Cove Rd.	Memphis	TN		--		(Available for Lease)	1987		32,679		0		0		0
		34 East Main St.	New Kingstown	PA		--		(Available for Lease)	1981		179,200		0		0		0
		6 Doughten Rd.	New Kingstown	PA		--		(Available for Lease)	1989		330,000		0		0		0
INDUSTRIAL TOTAL/WEIGHTED AVERAGE								92.0% Leased			18,917,223	$	45,994	$	47,033

Page 17 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2010

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 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
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		209		176		0
	12/29/2011	13133 Steubner Ave.	Houston	TX		--	The Kroger Co.	1980		52,200		211		303		281
2012	4/30/2012	10415 Grande Ave.	Sun City	AZ		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1982		10,000		124		199		0
		119 North Balboa Rd.	El Paso	TX		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1982		10,000		124		102		0
		402 East Crestwood Dr.	Victoria	TX		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1982		10,000		124		87		0
		4121 South Port Ave.	Corpus Christi	TX		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1980		10,000		124		101		0
		900 South Canal St.	Carlsbad	NM		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1980		10,000		124		79		0
		901 West Expwy.	McAllen	TX		--	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1980		10,000		124		123		0
	5/31/2012	3451 Alta Mesa Blvd.	Fort Worth	TX		--	Minyard Food Stores, Inc.	1985		44,000		228		271		304
	6/30/2012	1600 East 23rd St.	Chattanooga	TN		--	BI-LO, LLC	1983		42,130		98		98		138
	11/30/2012	101 West Buckingham Rd.	Garland	TX		--	Minyard Food Stores, Inc.	1982		40,000		244		244		326
		120 South Waco St.	Hillsboro	TX		--	Brookshire Grocery Company	1985		35,000		121		140		161
		205 Homer Rd.	Minden	LA		--	Brookshire Grocery Company	1985		35,000		145		214		193
2013	2/28/2013	US 221 & Hospital Rd.	Jefferson	NC		--	Food Lion, Inc. (Delhaize America, Inc.)	1981		23,000		55		55		73
		291 Talbert Blvd.	Lexington	NC		--	Food Lion, Inc. (Delhaize America, Inc.)	1981		23,000		104		104		138
		S. Carolina 52/52 Bypass	Moncks Corner	SC		--	Food Lion, Inc. (Delhaize America, Inc.)	1982		23,000		46		92		62
		3211 West Beverly St.	Staunton	VA		--	Food Lion, Inc. (Delhaize America, Inc.)	1971		23,000		124		124		166
		1146 Gum Branch Rd.	Jacksonville	NC		--	Food Lion, Inc. (Delhaize America, Inc.)	1982/1995		23,000		63		83		84
	7/1/2013	1053 Mineral Springs Rd.	Paris	TN		--	The Kroger Co.	1982		31,170		119		160		159
	10/31/2013	1084 East Second St.	Franklin	OH		--	Marsh Supermarkets, Inc.	1961/1978		29,119		84		118		111
		130 Midland Ave.	Port Chester	NY		--	Pathmark Stores, Inc.	1982		59,000		344		898		458
		5104 North Franklin Rd.	Lawrence	IN		--	Marsh Supermarkets, Inc.	1958		28,721		145		145		193
2014	3/31/2014	N.E.C. 45th St./Lee Blvd.	Lawton	OK		--	Associated Wholesale Grocers, Inc.	1984		30,757		139		155		185
2015	1/31/2015	1700 State Route 160	Port Orchard	WA		--	Moran Foods, Inc. d/b/a Save-A-Lot, Ltd.	1983		16,037		61		61		97
	5/31/2015	24th St. West & St. John’s Ave.	Billings	MT		--	Safeway Stores, Inc.	1981		40,800		140		250		0
2016	5/31/2016	18601 Alderwood Mall Blvd.	Lynnwood	WA		--	TRU 2005 RE I, LLC	1981/1993		43,105		211		224		279
		4811 Wesley St.	Greenville	TX		--	Safeway Stores, Inc.	1985		48,492		128		181		171
		12535 Southeast 82nd Ave.	Clackamas	OR		--	TRU 2005 RE I, LLC	1981		42,842		229		243		298
		6910 South Memorial Hwy.	Tulsa	OK		--	Toys "R" Us-Delaware, Inc.	1981		43,123		193		205		255
2017	3/31/2017	1610 South Westmoreland Ave.	Dallas	TX		--	Malone’s Food Stores, Ltd.	1960		68,024		269		359		376
2018	2/26/2018	4831 Whipple Ave., Northwest	Canton	OH		--	Best Buy Company, Inc.	1995		46,350		349		349		465
		399 Peachwood Centre Dr.	Spartanburg	SC		--	Best Buy Company, Inc.	1996		45,800		296		296		395
	9/30/2018	835 Julian Ave.	Thomasville	NC		--	Mighty Dollar, LLC	1983		23,767		52		52		0
	10/31/2018	10340 U.S. 19	Port Richey	FL		--	Kingswere Furniture, LLC	1980		53,280		260		260		400
	12/31/2018	1150 West Carl Sandburg Dr.	Galesburg	IL		--	Kmart Corporation	1992		94,970		212		247		0
		12080 Carmel Mountain Rd.	San Diego	CA		--	Sears Holdings Corporation	1993		107,210		240		563		0
		21082 Pioneer Plaza Dr.	Watertown	NY		--	Kmart Corporation	1993		120,727		355		361		0
		255 Northgate Dr.	Manteca	CA		--	Kmart Corporation	1993		107,489		377		446		0
		5350 Leavitt Rd.	Lorain	OH		--	Kmart Corporation	1993		193,193		534		548		0
		97 Seneca Trail	Fairlea	WV		--	Kmart Corporation	1993/1999		90,933		249		260		0
2021	1/31/2021	3040 Josey Ln.	Carrollton	TX		--	Ong’s Family, Inc.	1984		61,000		206		305		0

Page 18 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 9/30/2010

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 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
2028	1/31/2028	2010 Apalachee Pkwy.	Tallahassee	FL		--	Kohl's Department Stores, Inc.	2007		102,381		300		315		484
	8/31/2028	9803 Edmonds Way	Edmonds	WA		--	Pudget Consumers Co-op d/b/a PCC Natural Markets	1981		34,459		452		452		0
N/A	N/A	1700 State Route 160	Port Orchard	WA		--	(Available for Lease)	1983		11,931		0		0		0
		5544 Atlanta Hwy.	Montgomery	AL		--	(Available for Lease)	1980/2007		60,698		0		0		0
	RETAIL TOTAL/WEIGHTED AVERAGE						96.5% Leased			2,095,922	$	8,336	$	10,048

Page 19 of 44

LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 9/30/2010
Year of Lease Expiration	Date of Lease  Expiration	Property Location	City	State	Note			Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded	Gross Book Value ($000) (14)		Sq.Ft.		Percentage Leased			Cash Rent as of 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Debt  Balance  ($000)
MULTI-TENANT PROPERTIES (21)
Various	Various	10 John St.	Clinton	CT		(9	)	Multi-Tenant	1972		3,195		41,188		0	%		0		0		0
		100 East Shore Dr.	Glen Allen	VA		--		Multi-Tenant	1999		11,505		68,003		100	%		1,023		1,010		19,483
		100 Light St.	Baltimore	MD		(19	)	Multi-Tenant	1973/2009		217,661		474,498		72	%		3,160		3,676		0
		130 East Shore Dr.	Glen Allen	VA		(17	)	Multi-Tenant	2000		13,480		79,675		65	%		444		554		0
		13430 North Black Canyon Fwy.	Phoenix	AZ		(15	)	Multi-Tenant	1981/1982/2005/2007/2009		25,441		138,940		100	%		1,554		1,549		0
		1500 Hughes Way	Long Beach	CA		(8	)(16)	Multi-Tenant	1981		118,172		490,555		67	%		5,240		5,465		14,397
		160 Clairemont Ave.	Decatur	GA		--		Multi-Tenant	1983		19,865		121,596		78	%		1,176		1,176		0
		2300 Litton Ln.	Hebron	KY		(15	)	Multi-Tenant	1986/1996		9,740		80,441		100	%		354		341		0
		3468 Georgia Hwy. 120	Duluth	GA		(15	)	Multi-Tenant	1971		423		10,341		0	%		0		0		0
		350 Pine St.	Beaumont	TX		(15	)	Multi-Tenant	1981		28,809		425,198		82	%		3,058		3,195		0
		389-399 Interpace Hwy.	Parsipanny	NJ		--		Multi-Tenant	1999		108,104		340,240		94	%		6,911		7,192		37,487
		6050 Dana Way	Antioch	TN		--		Multi-Tenant	1999		26,200		674,528		52	%		846		846		12,860
		6277 Sea Harbor Dr.	Orlando	FL		--		Multi-Tenant	1984		51,728		360,307		0	%		83		83		0
		King St./1032 Fort St. Mall	Honolulu	HI		(15	)	Multi-Tenant	1979/2002		47,109		318,451		95	%		1,989		2,057		0
MULTI-TENANT TOTAL/WEIGHTED AVERAGE								66.9% Leased					3,623,961				$	25,838	$	27,144	$	84,227
	TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE							92.4% Leased					37,360,901					234,448		233,029

Footnotes

(1) Square foot leased or vacant.

(2) Nine months ended 09/30/10 cash rent.

(3) Nine months ended 09/30/10 GAAP base rent.

(4) Rent at option rate listed for those lease contracts where a set rent in dollars is specified, as it relates to Fixed Rent at Next Option.

(5) Option rent lesser of the noted rent or a function of fair market value such as 100%, 95%, or 90%.

(6) Option rent greater of the noted rent or a function of fair market value such as 100%, 95%, or 90%.

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

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

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

(10) Tenant exercised lease termination option effective 12/31/2011 and paid $6.8 million.

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

(12) Current lease ends 05/2013, however, new tenant (Problem Solved, LLC) lease expires 05/2014.

(13) Property is classified as a capital lease accordingly, for GAAP income of $734 is included in non-operating income.

(14) Represents GAAP capitalized costs.

(15) Property is collateral for secured credit facility.

(16) Contract right payable, satisfied subsequent to quarter end.

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

(18) Property sold subsequent to September 30, 2010.

(19) Includes parking operations.

(20) Subsequent to September 30, 2010, lease term extended to 5/31/2016.

(21) The multi-tenanted properties incurred approximately $14.7 million in operating expenses, net for the nine months ended September 30, 2010.

(22) Subsequent to September 30, 2010, tenant extended lease to 11/30/2021 for 20,500 square feet. Approximately 16,000 of the remaining 43,300 square feet is subleased.

Page 20 of 44

LEXINGTON REALTY TRUST
Property Leases and Vacancies - Net Lease Strategic Assets Fund Portfolio - 9/30/2010
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 9/30/2010 ($000) (2)		GAAP Base Rent as of 9/30/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
NET LEASE STRATEGIC ASSETS FUND PROPERTIES
2011	5/31/2011	1200 Jupiter Rd.	Garland	TX		--		Raytheon Company	1980		278,759		1,130		1,540		1,506
	6/30/2011	265 Lehigh St.	Allentown	PA		--		Wells Fargo Bank, N.A.	1980		71,230		286		1,618		0
	7/15/2011	19019 North 59th Ave.	Glendale	AZ		--		Honeywell International, Inc.	1986/1997/2000		252,300		1,839		2,332		0
2012	4/30/2012	3600 Army Post Rd.	Des Moines	IA		(6	)	HP Enterprise Services, LLC	2002		405,000		2,241		2,226		0
	5/31/2012	101 Creger Dr.	Ft. Collins	CO		--		Lithia Real Estate, Inc. (Lithia Motors, Inc.)	1982		10,000		206		177		0
2013	5/31/2013	2401 Cherahala Blvd.	Knoxville	TN		--		AdvancePCS, Inc.	2002		59,748		675		675		0
	6/30/2013	420 Riverport Rd.	Kingsport	TN		--		Kingsport Power Company	1981		42,770		233		230		310
		8555 South River Pkwy.	Tempe	AZ		(6	)	ASM Lithography, Inc. (ASM Lithography Holding, NV)	1998		95,133		1,765		1,658		0
	10/14/2013	3943 Denny Ave.	Pascagoula	MS		--		Northrop Grumman Systems Corporation	1995		94,841		479		479		0
	12/31/2013	120 Southeast Pkwy. Dr.	Franklin	TN		--		Essex Group, Inc. (United Technologies Corporation)	1970/1983		289,330		551		491		735
2014	1/31/2014	1401 & 1501 Nolan Ryan Pkwy.	Arlington	TX		--		Siemens Shared Services, LLC	2003		236,547		2,042		2,010		0
	4/30/2014	12000 & 12025 Tech Center Dr.	Livonia	MI		(6	)	Kelsey-Hayes Company (TRW Automotive, Inc.)	1987/1988/1990		180,230		1,530		1,556		0
	7/1/2014	70 Mechanic St.	Foxboro	MA		--		Invensys Systems, Inc. (Siebe, Inc.)	1965/1967/1971		251,914		3,131		2,822		2,562
	12/31/2014	324 Industrial Park Rd.	Franklin	NC		(5	)	SKF USA, Inc.	1996		72,868		317		317		0
2015	6/30/2015	2935 Van Vactor Dr.	Plymouth	IN		--		Bay Valley Foods, LLC	2000/2003		300,500		596		607		853
		3711 San Gabriel	Mission	TX		--		VoiceStream PCS II Corporation (T-Mobile USA, Inc.)	2003		75,016		788		765		0
		2500 Patrick Henry Pkwy.	McDonough	GA		--		Georgia Power Company	1999		111,911		1,128		1,152		0
		1700 47th Ave North	Minneapolis	MN		(5	)	Owens Corning Roofing and Asphalt, LLC	2003		18,620		453		453		0
	9/27/2015	9110 Grogans Mill Rd.	The Woodlands	TX		--		Baker Hughes, Inc.	1992		275,750		3,363		2,361		2,756
		2529 West Thorne Dr.	Houston	TX		--		Baker Hughes, Inc.	1982/1999		65,500		929		628		746
	10/31/2015	5201 West Barraque St.	Pine Bluff	AR		--		Entergy Services, Inc.	1964/1973		27,189		144		144		192
2016	1/31/2016	1600 Eberhardt Rd.	Temple	TX		--		Nextel of Texas (Nextel Finance Company)	2001		108,800		1,142		1,213		0
	7/14/2016	1400 Northeast McWilliams Rd.	Bremerton	WA		--		Nextel West Corporation	2002		60,200		814		875		0
	11/30/2016	736 Addison Rd.	Erwin	NY		(6	)	Corning, Inc.	2006		408,000		884		884		0
2017	12/31/2017	11411 North Kelly Ave.	Oklahoma City	OK		--		American Golf Corporation	1991/1996		13,924		357		359		0
2018	3/15/2018	601 & 701 Experian Pkwy.	Allen	TX		--		Experian Information Solutions, Inc. (Experian Holdings, Inc.)	1981/1983		292,700		2,301		2,791		0
	8/31/2018	3500 North Loop Rd.	McDonough	GA		--		Litton Loan Servicing, LP	2007		62,218		862		862		0
	9/30/2018	904 Industrial Rd.	Marshall	MI		--		Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.)	1968/1972/2008		246,508		574		602		925
2019	1/31/2019	2999 Southwest 6th St.	Redmond	OR		--		VoiceStream PCS I, LLC (T-Mobile USA, Inc.)	2004		77,484		1,148		1,179		0
	6/28/2019	3265 East Goldstone Dr.	Meridian	ID		(6	)	VoiceStream PCS Holding, LLC  (T-Mobile USA, Inc.)	2004		77,484		954		1,023		0
	10/31/2019	17191 St. Luke's Way	The Woodlands	TX		--		Montgomery County Management Company, LLC	2004		41,000		599		739		0
		9601 Renner Blvd.	Lenexa	KS		(6	)	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)	2004		77,484		971		1,044		0
2020	5/31/2020	359 Gateway Dr.	Lavonia	GA		--		TI Group Automotive Systems, LLC (TI Automotive, Ltd.)	2005		133,221		900		900		0
	6/30/2020	10419 North 30th St.	Tampa	FL		--		Time Customer Service, Inc. (Time, Inc.)	1986		132,981		977		1,017		0
	8/31/2020	First Park Dr.	Oakland	ME		(6	)	Omnipoint Holdings, Inc. (T-Mobile USA, Inc.)	2005		78,610		963		862		0
	11/30/2020	11555 University Blvd.	Sugar Land	TX		--		KS Management Services, LLP (St. Luke’s Episcopal Health System Corporation)	2005		72,683		836		938		0
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		1,382		1,449		0
2022	7/31/2022	1440 East 15th St.	Tucson	AZ		--		CoxCom, Inc.	1988		28,591		393		412		0
2025	7/14/2025	590 Ecology Ln.	Chester	SC		--		Owens Corning, Inc.	2001/2005		420,597		1,639		1,626		1,678
2026	8/31/2026	25500 State Hwy. 249	Tomball	TX		--		Parkway Chevrolet, Inc. (Raymond Durdin and Jean W. Durdin)	2005		77,076		977		1,130		0

Page 21 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Net Lease Strategic Assets Fund Portfolio - 9/30/2010

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 9/30/2010 ($000) (2)

GAAP Base Rent as of 9/30/2010 ($000) (3)

Fixed Rent at Next Option  ($000) (4)

NET LEASE STRATEGIC ASSETS FUND PROPERTIES

2027

4/30/2027

2424 Alpine Rd.

Eau Claire

WI

(6

)

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

1993/2004

159,000

698

878

0

N/A

N/A

109 Stevens St.

Jacksonville

FL

--

(Available for Lease)(Amounts represent prior tenant)

1959/1967

168,800

74

74

0

NET LEASE STRATEGIC ASSETS FUND TOTAL/WEIGHTED AVERAGE

97.2% Leased

6,103,462

$

43,271

$

45,098

Footnotes

(1) Square foot leased or vacant.

(2) Nine months ended 09/30/10 cash rent.

(3) Nine months ended 09/30/10 GAAP base rent.

(4) Rent at option rate listed for those lease contracts where a set rent in dollars is specified, as it relates to Fixed Rent at Next Option.

(5) Option rent lesser of the noted rent or a function of fair market value such as 100%, 95%, or 90%.

(6) Option rent greater of the noted rent or a function of fair market value such as 100%, 95%, or 90%.

Page 22 of 44

LEXINGTON REALTY TRUST
Lease Rollover Schedule by Property Type - Cash Basis
9/30/2010
	Office						Industrial						Retail
Year	Net Rentable Area		Cash Rent as of 9/30/2010 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 9/30/2010 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 9/30/2010 ($000)		Annual Rent PSF
2010		5,315	$	179	$	44.90		-	$	-	$	-		-	$	-	$	-
2011		636,081	$	10,537	$	22.09		1,505,341	$	3,694	$	3.27		89,414	$	420	$	6.26
2012		1,591,463	$	17,505	$	14.67		2,450,703	$	6,342	$	3.45		256,130	$	1,580	$	8.22
2013		1,657,654	$	18,091	$	14.55		639,800	$	1,110	$	2.31		263,010	$	1,084	$	5.50
2014		2,082,325	$	27,289	$	17.47		934,292	$	1,804	$	2.57		30,757	$	139	$	6.03
2015		1,720,195	$	22,248	$	14.58		150,000	$	357	$	3.17		56,837	$	201	$	4.72
2016		452,906	$	4,070	$	11.98		1,502,778	$	4,702	$	4.17		177,562	$	761	$	5.71
2017		377,877	$	4,002	$	14.12		1,652,811	$	4,848	$	3.91		68,024	$	269	$	5.27
2018		680,732	$	8,103	$	15.87		994,283	$	1,728	$	2.32		883,719	$	2,924	$	4.41
2019		1,326,625	$	12,867	$	12.93		1,621,875	$	3,041	$	2.50		-	$	-	$	-
2020		379,865	$	4,385	$	15.39		1,115,994	$	4,519	$	5.40		-	$	-	$	-
2021		436,285	$	6,330	$	19.35		2,054,639	$	5,105	$	3.31		61,000	$	206	$	4.50
2022		52,337	$	1,149	$	29.27		-	$	-	$	-		-	$	-	$	-
2023		425,254	$	4,745	$	14.88		-	$	-	$	-		-	$	-	$	-
2024		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2025		145,200	$	1,721	$	15.80		2,138,214	$	7,171	$	4.47		-	$	-	$	-
2026		-	$	-	$	-		646,000	$	1,478	$	3.05		-	$	-	$	-
2027		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2028		295,000	$	2,711	$	12.25		-	$	-	$	-		136,840	$	752	$	7.33
2029		410,041	$	6,702	$	21.79		-	$	-	$	-		-	$	-	$	-
Total/Weighted Average (1)		12,675,155	$	152,634	$	15.69		17,406,730	$	45,899	$	3.52		2,023,293	$	8,336	$	5.49

Footnotes

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

Page 23 of 44

LEXINGTON REALTY TRUST
Lease Rollover Schedule - GAAP Basis
9/30/2010
Year	Number of Leases Expiring		GAAP Base Rent as of 9/30/2010  ($000)		Percent of GAAP Base Rent as of 9/30/2010
2010		1	$	179		0.1	%
2011		12	$	13,524		6.6	%
2012		29	$	24,716		12.1	%
2013		22	$	21,562		10.6	%
2014		27	$	29,844		14.6	%
2015		13	$	19,586		9.6	%
2016		13	$	10,116		5.0	%
2017		8	$	9,644		4.7	%
2018		18	$	13,379		6.6	%
2019		8	$	16,558		8.1	%
2020		7	$	9,782		4.8	%
2021		8	$	11,477		5.6	%
2022		1	$	1,246		0.6	%
2023		2	$	5,141		2.5	%
2024		-	$	-		-
2025		8	$	9,122		4.5	%
2026		1	$	1,624		0.8	%
2027		-	$	-		-
2028		3	$	3,478		1.7	%
2029		2	$	3,169		1.6	%
Total (1)		183	$	204,147		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 24 of 44

LEXINGTON REALTY TRUST
Mortgage Loans Receivable
9/30/2010
Collateral
	City	State	Note Balance ($000)(1)		Interest Rate			Maturity Date		Current Estimated Annual Debt Service ($000)		Balloon Payment ($000)		Escrow Balance ($000)
Medical Facilities	Various (2)	MO/TX
Office	Tampa (3)	FL
	Schaumburg (4)	IL	$	14,975		15.00	%		01/2012	$	-	$	14,975	$	-
	Wilsonville (5)	OR	$	6,908		5.46	%		12/2012	$	580	$	10,451	$	1,896
	Westmont (6)	IL	$	27,609		6.45	%		10/2015	$	2,090	$	25,731	$	4,598
	Southfield	MI	$	8,870		4.55	%		02/2015	$	1,282	$	5,810	$	-
Retail	Various	Various	$	5,952		8.00	%		07/2012	$	2,268	$	-	$	-
	Austin	TX	$	1,424		16.00	%		10/2018	$	-	$	5,104	$	-
	Tampa	FL	$	195		8.00	%		12/2020	$	29	$	-	$	-
	Various	Various	$	1,470		8.00	%		02/2021	$	157	$	-	$	-
	Various	Various	$	806		8.00	%		12/2021	$	96	$	-	$	-
	Various	Various	$	876		8.00	%		03/2022	$	74	$	-	$	-
	Total Mortgage Notes Receivables		$	93,835						$	9,345	$	86,648	$	6,494

Footnotes

(1) Excludes net origination fees of $426.

(2) Loan is interest only at a rate of 14.0% through February 2011, and 16.0% thereafter.

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

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

(5) Loan modified subsequent to quarter end, maturity now December 31, 2012.

(6) Escrow balance includes $4,407 in a collateral escrow account maintained by the borrower.

Page 25 of 44

LEXINGTON REALTY TRUST

2010 Third Quarter Financing Summary

	DEBT RETIRED
		Face ($000)		Satisfaction ($000)			Rate			Due Date
1	Term Loan	$	80,000	$	80,000			3.11	%		02/2011
2	Herndon, VA	$	17,369	$	17,369			8.18	%		12/2010
3	Lake Mary, FL (1)	$	12,132	$	12,132			6.50	%		10/2010
4	Lake Mary, FL (1)	$	12,168	$	12,168			6.50	%		10/2010
5	Tampa, FL	$	5,512	$	5,512			6.88	%		08/2010
	TOTAL	$	127,181	$	127,181
	NEW PROPERY LEVEL FINANCING
		Face ($000)		Rate			Maturity
1	North Berwick, ME (2)	$	11,319		3.56	%		04/2019

Footnotes

(1)  Imputed interest rate.

(2)  Loan is full amortizing through maturity.

Page 26 of 44

LEXINGTON REALTY TRUST

Debt Maturity Schedule

9/30/2010

($000)

Consolidated Properties
Year	Real Estate Scheduled  Amortization		Real Estate Balloon Payments			Corporate Debt
2010 - remainder	$	4,881	$	24,454	(1)	$	-
2011		33,077		49,924			18,772
2012		33,432		191,034			62,150	(2)
2013		29,701		234,937			60,551
2014		29,549		235,852			-
	$	130,640	$	736,201		$	141,473

Non-Consolidated Investments - LXP Proportionate Share
Year	Real Estate Scheduled  Amortization		Real Estate Balloon Payments
2010 - remainder	$	485	$	1,137
2011		2,686		6,903
2012		2,756		3,323
2013		2,895		2,496
2014		2,514		4,061
	$	11,336	$	17,920

Footnotes

(1)  Loan satisfied in October 2010.

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

Page 27 of 44

LEXINGTON REALTY TRUST
2010 Mortgage Maturities by Property Type
09/30/2010
	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 9/30/2010 ($000)		GAAP Base Rent as of 9/30/2010 ($000)
Office	655 Sierra Dr. (2)	Irving	TX		247,254	$	24,454		10/2010		03/2023	$	41,899	$	2,064	$	2,214
	Total 2010 Mortgage Maturities				247,254	$	24,454					$	41,899	$	2,064	$	2,214

Footnotes

(1)  Represents GAAP capitalized costs.

(2)  Loan satisfied October 2010.

Page 28 of 44

LEXINGTON REALTY TRUST
2011 Mortgage Maturities by Property Type
9/30/2010
	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 9/30/2010 ($000)		GAAP Base Rent as of 9/30/2010 ($000)
Office	389-399 Interpace Hwy.	Parsippany	NJ		340,240	$	37,047		03/2011		2015/2021	$	108,104	$	6,911	$	7,192
	100 Barnes Rd.	Wallingford	CT		44,400	$	3,187		05/2011		06/2018	$	5,675	$	510	$	380
Industrial	291 Park Center Dr. (2)	Winchester	VA		344,700	$	9,690		08/2011		05/2011	$	18,865	$	1,206	$	1,183
	Total 2011 Mortgage Maturities				729,340	$	49,924					$	132,644	$	8,627	$	8,755

Footnotes

(1)  Represents GAAP capitalized costs.

(2)  Subsequent to quarter end, lease term was extended to May 31, 2016.

Page 29 of 44

LEXINGTON REALTY TRUST
2012 Mortgage Maturities by Property Type
9/30/2010
	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 9/30/2010 ($000)		GAAP Base Rent as of 9/30/2010 ($000)
Office	1315 West Century Dr.	Louisville	CO		106,877	$	7,195		01/2012		04/2017	$	16,933	$	1,093	$	1,200
	2000 Eastman Dr.	Milford	OH		221,215	$	12,686		02/2012		04/2016	$	26,627	$	1,865	$	1,367
	26210 and 26220 Enterprise Court	Lake Forest	CA		100,012	$	9,708		02/2012		01/2012	$	17,211	$	1,477	$	1,344
	200 Lucent Ln.	Cary	NC		124,944	$	12,543		05/2012		09/2011	$	23,881	$	1,710	$	1,544
	2050 Roanoke Rd.	Westlake	TX		130,290	$	17,829		05/2012		12/2011	$	32,697	$	2,745	$	2,591
	3940 South Teller St.	Lakewood	CO		68,165	$	7,890		05/2012		03/2012	$	12,155	$	912	$	650
	37101 Corporate Dr.	Farmington Hills	MI		119,829	$	17,724		09/2012		12/2011	$	32,876	$	3,143	$	2,293
	4455 American Way	Baton Rouge	LA		70,100	$	5,948		10/2012		10/2012	$	13,868	$	847	$	835
	1110 Bayfield Dr.	Colorado Springs	CO		166,575	$	10,272		12/2012		11/2013	$	19,579	$	1,307	$	1,200
Industrial	245 Salem Church Rd.	Mechanicsburg	PA		252,000	$	4,514		01/2012		12/2012	$	9,051	$	652	$	649
	34 East Main St. (2)	New Kingstown	PA		179,200	$	2,914		01/2012	NA		$	6,034	$	-	$	-
	6 Doughten Rd. (2)	New Kingstown	PA		330,000	$	6,116		01/2012	NA		$	12,342	$	-	$	-
	3820 Micro Dr.	Millington	TN		701,819	$	16,222		05/2012		09/2011	$	24,870	$	1,830	$	1,778
	101 Michelin Dr.	Laurens	SC		1,164,000	$	14,022		09/2012		08/2012	$	34,370	$	2,560	$	2,478
	7111 Crabb Rd.	Temperance	MI		744,570	$	9,400		09/2012		08/2012	$	21,188	$	1,716	$	1,660
	19500 Bulverde Rd.	San Antonio	TX		559,258	$	26,025		10/2012		03/2016	$	41,882	$	2,498	$	2,572
	43955 Plymouth Oaks Blvd.	Plymouth	MI		290,133	$	10,026		12/2012		10/2012	$	19,161	$	1,414	$	1,376
	Total 2012 Mortgage Maturities				5,328,987	$	191,034					$	364,725	$	25,769	$	23,537

Footnotes

(1) Represents GAAP capitalized costs.

(2)  Lexington has suspended debt service payments.

Page 30 of 44

LEXINGTON REALTY TRUST
2013 Mortgage Maturities by Property Type
9/30/2010
	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 9/30/2010 ($000)		GAAP Base Rent as of 9/30/2010 ($000)
Office	3476 Stateview Blvd.	Fort Mill	SC		169,083	$	9,904		01/2013		05/2014	$	18,079	$	1,917	$	1,901
	9201 East Dry Creek Rd.	Centennial	CO		128,500	$	13,555		02/2013		09/2017	$	26,922	$	1,679	$	1,779
	12600 Gateway Blvd.	Fort Meyers	FL		62,400	$	8,550		05/2013		01/2013	$	13,561	$	839	$	819
	200 Executive Blvd. South	Southington	CT		153,364	$	12,228		05/2013		12/2012	$	26,737	$	1,260	$	1,218
	275 South Valencia Ave.	Brea	CA		637,503	$	73,071		05/2013		06/2012	$	118,929	$	6,533	$	6,596
	5757 Decatur Blvd.	Indianapolis	IN		89,956	$	8,580		05/2013		08/2012	$	15,220	$	1,062	$	1,193
	810 & 820 Gears Rd.	Houston	TX		157,790	$	15,737		05/2013		01/2013	$	26,819	$	1,699	$	1,688
	8900 Freeport Pkwy.	Irving	TX		268,445	$	36,466		05/2013		03/2013	$	59,730	$	3,700	$	3,667
	6303 Barfield Rd.	Atlanta	GA		238,600	$	40,356		05/2013		05/2013	$	62,264	$	3,616	$	3,661
	2211 South 47th St.	Phoenix	AZ		176,402	$	16,490		09/2013		11/2012	$	24,631	$	1,806	$	1,694
	Total 2013 Mortgage Maturities				2,082,043	$	234,937					$	392,892	$	24,111	$	24,216

Footnotes

(1) Represents GAAP capitalized costs.

Page 31 of 44

LEXINGTON REALTY TRUST
2014 Mortgage Maturities by Property Type
9/30/2010
	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 9/30/2010 ($000)		GAAP Base Rent as of 9/30/2010 ($000)
Office	33 Commercial St.	Foxboro	MA		164,689	$	-		01/2014		07/2015	$	29,238	$	3,505	$	2,628
	1275 Northwest 128th St.	Clive	IA		61,180	$	5,151		05/2014		01/2012	$	10,599	$	599	$	599
	3480 Stateview Blvd.	Fort Mill	SC		169,218	$	18,311		05/2014		05/2014	$	29,174	$	2,630	$	2,595
	1701 Market St. (2)	Philadelphia	PA		305,170	$	43,520		07/2014	Various		$	69,886	$	5,336	$	5,308
	10300 Kincaid Dr.	Fishers	IN		193,000	$	10,466		08/2014		01/2020	$	28,227	$	2,187	$	2,568
	3965 Airways Blvd.	Memphis	TN		521,286	$	47,270		09/2014		06/2019	$	116,410	$	5,081	$	5,260
	500 Jackson St.	Columbus	IN		390,100	$	26,399		09/2014		07/2019	$	53,821	$	3,320	$	3,405
	6226 West Sahara Ave.	Las Vegas	NV		282,000	$	32,118		09/2014		01/2029	$	64,735	$	6,025	$	3,169
	22011 Southeast 51st St./5150 220th Ave.	Issaquah	WA		202,544	$	30,388		12/2014		12/2014	$	51,195	$	3,109	$	3,029
	275 Technology Dr.	Canonsburg	PA		107,872	$	9,095		12/2014		12/2014	$	15,739	$	1,072	$	1,033
Industrial	2415 US Hwy. 78 East	Moody	AL		595,346	$	6,350		01/2014		01/2014	$	11,575	$	790	$	790
	1109 Commerce Blvd.	Swedesboro	NJ		262,644	$	6,784		04/2014	NA		$	14,695	$	-	$	-
	Total 2014 Mortgage Maturities				3,255,049	$	235,852					$	495,294	$	33,654	$	30,384

Footnotes

(1) Represents GAAP capitalized costs.

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

Page 32 of 44

LEXINGTON REALTY TRUST
Consolidated Properties: Mortgages and Notes Payable
9/30/2010
Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Irving, TX	(b)	$	24,454		6.587	%		10/2010	$	166	$	24,454
Parsippany, NJ	(b)		37,487		6.349	%		03/2011		1,659		37,047
Wallingford, CT			3,217		4.926	%		05/2011		123		3,187
Winchester, VA	(b)		9,930		6.346	%		08/2011		818		9,690
Louisville, CO			7,338		5.830	%		01/2012		544		7,195
New Kingston, PA	(s)		6,490		7.790	%		01/2012		-		6,116
Mechanicsburg, PA			4,685		7.780	%		01/2012		500		4,514
New Kingston, PA	(s)		3,092		7.780	%		01/2012		-		2,914
Milford, OH	(b)		13,879		6.612	%		02/2012		1,822		12,686
Lake Forest, CA			9,929		7.260	%		02/2012		901		9,708
Westlake, TX	(b)		18,290		5.392	%		05/2012		1,280		17,829
Millington, TN			16,678		5.247	%		05/2012		1,181		16,222
Cary, NC	(b)		12,709		5.584	%		05/2012		826		12,543
Lakewood, CO			8,131		5.097	%		05/2012		566		7,890
Farmington Hills, MI	(b)		18,540		5.723	%		09/2012		1,500		17,724
Laurens, SC	(b)		15,024		5.911	%		09/2012		1,396		14,022
Temperance, MI	(b)		10,071		5.912	%		09/2012		936		9,400
Baton Rouge, LA	(b)		6,186		5.333	%		10/2012		443		5,948
San Antonio, TX			27,252		6.080	%		10/2012		2,260		26,025
Plymouth, MI	(b)		10,895		5.964	%		12/2012		1,026		10,026
Colorado Springs, CO	(b)		10,802		5.996	%		12/2012		887		10,272
Fort Mill, SC			10,381		6.000	%		01/2013		839		9,904
Centennial, CO	(b)(r)		14,429		5.724	%		02/2013		1,177		13,555
Brea, CA	(b)		75,736		5.734	%		05/2013		5,361		73,071
Atlanta, GA			42,334		5.268	%		05/2013		3,004		40,356
Irving, TX	(b)		38,058		5.452	%		05/2013		2,702		36,466
Houston, TX			16,540		5.218	%		05/2013		1,166		15,737
Southington, CT			12,853		5.018	%		05/2013		890		12,228
Indianapolis, IN			9,022		5.168	%		05/2013		633		8,580
Fort Meyers, FL			8,865		5.268	%		05/2013		592		8,550
Phoenix, AZ			17,767		6.270	%		09/2013		1,527		16,490
Foxboro, MA	(b)		11,233		6.000	%		01/2014		3,270		-
Moody, AL			6,866		4.978	%		01/2014		493		6,350
Swedesboro, NJ	(b)		7,108		5.545	%		04/2014		482		6,784
Clive, IA			5,539		5.139	%		05/2014		387		5,151
Fort Mill, SC			19,465		5.373	%		05/2014		1,364		18,311
Philadelphia, PA	(p)		46,738		5.060	%		07/2014		3,178		43,520
Fishers, IN			11,348		6.375	%		08/2014		932		10,466
Columbus, IN	(i)		25,831		6.150	%		09/2014		1,611		25,831
Las Vegas, NV	(i)		31,427		6.150	%		09/2014		1,960		31,427
Memphis, TN	(i)		46,253		6.150	%		09/2014		2,884		46,253
Columbus, IN	(i)		607		7.500	%		09/2014		54		568
Las Vegas, NV	(i)		739		7.500	%		09/2014		66		691
Memphis, TN	(i)		1,087		7.500	%		09/2014		97		1,017
Issaquah, WA	(b)		31,747		5.665	%		12/2014		2,113		30,388
Canonsburg, PA	(b)		9,079		5.426	%		12/2014		489		9,095
Chicago, IL	(b)		29,283		5.639	%		01/2015		1,548		29,900
Greenville, SC			9,000		5.500	%		01/2015		495		9,000

Page 33 of 44

LEXINGTON REALTY TRUST
Consolidated Properties: Mortgages and Notes Payable
9/30/2010
Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Carrollton, TX			13,261		5.530	%		01/2015		993		12,022
Herndon, VA	(b)		11,405		5.885	%		04/2015		888		10,359
Glen Allen, VA	(b)		19,483		5.377	%		05/2015		1,292		18,321
Houston, TX			15,889		5.160	%		05/2015		1,114		14,431
Rockaway, NJ			14,900		5.292	%		05/2015		799		14,900
Houston, TX			12,413		5.210	%		05/2015		874		11,282
Fishers, IN			12,338		5.160	%		05/2015		865		11,205
San Antonio, TX			12,243		5.340	%		05/2015		875		11,167
Atlanta, GA			11,278		5.260	%		05/2015		751		10,502
Los Angeles, CA			10,740		5.110	%		05/2015		750		9,760
Richmond, VA			9,947		5.310	%		05/2015		708		9,055
Harrisburg, PA			8,586		5.110	%		05/2015		599		7,792
Knoxville, TN			7,314		5.310	%		05/2015		520		6,658
Tulsa, OK			7,186		5.060	%		05/2015		499		6,517
Carrollton, TX	(b)		19,931		5.725	%		07/2015		1,382		18,710
Elizabethtown, KY	(j)		14,828		4.990	%		07/2015		1,041		13,332
Hopkinsville, KY			8,693		4.990	%		07/2015		610		7,816
Dry Ridge, KY	(n)		6,229		4.990	%		07/2015		437		5,601
Owensboro, KY	(n)		5,525		4.990	%		07/2015		388		4,967
Elizabethtown, KY	(j)		2,798		4.990	%		07/2015		196		2,516
Houston, TX	(b)		46,930		6.250	%		09/2015		8,159		18,161
Sugar Land, TX	(b)		12,199		6.250	%		09/2015		2,083		6,286
Bridgewater, NJ			14,805		5.732	%		03/2016		860		13,825
Omaha, NE			8,446		5.610	%		04/2016		621		7,560
Tempe, AZ			7,977		5.610	%		04/2016		586		7,140
Lisle, IL			10,200		6.500	%		06/2016		793		9,377
Dallas, TX	(b)		18,510		5.939	%		07/2016		1,136		18,365
Rochester, NY	(f)		18,359		6.210	%		08/2016		1,383		16,765
Statesville, NC	(f)		13,769		6.210	%		08/2016		1,037		12,574
Rockford, IL	(f)		6,738		6.210	%		08/2016		508		6,153
Glenwillow, OH			16,591		6.130	%		09/2016		1,240		15,132
Memphis, TN			3,865		5.710	%		01/2017		275		3,484
Orlando, FL			9,975		5.722	%		02/2017		579		9,309
Dubuque, IA			10,147		5.402	%		06/2017		733		8,725
Shreveport, LA			19,000		5.690	%		07/2017		1,096		19,000
McDonough, GA			23,000		6.110	%		11/2017		1,425		21,651
Lorain, OH	(b)		1,250		7.750	%		07/2018		108		-
Manteca, CA	(b)		883		7.750	%		07/2018		77		-
Watertown, NY	(b)		830		7.750	%		07/2018		72		-
Lewisburg, WV	(b)		583		7.750	%		07/2018		51		-
San Diego, CA	(b)		563		7.750	%		07/2018		49		-
Galesburg, IL	(b)		495		7.750	%		07/2018		43		-
Boston, MA			13,404		6.100	%		12/2018		996		11,520
North Berwick, ME			11,225		3.560	%		04/2019		1,532		-
Overland Park, KS	(b)		36,872		5.891	%		05/2019		2,657		31,819
Kansas City, MO	(b)		17,588		5.883	%		05/2019		1,268		15,182
Streetsboro, OH	(b)		19,035		5.749	%		09/2019		1,344		16,338
Boca Raton, FL			20,400		6.470	%		02/2020		1,338		18,383
Wall, NJ	(b)		26,797		6.250	%		01/2021		3,106		-

Page 34 of 44

LEXINGTON REALTY TRUST
Consolidated Properties: Mortgages and Notes Payable
9/30/2010
Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Charleston, SC			7,350		5.850	%		02/2021		436		6,632
Durham, NH	(b)		17,921		6.750	%		03/2021		1,219		-
Antioch, TN	(b)		12,860		6.320	%		10/2021		1,580		774
Whippany, NJ			15,787		6.298	%		11/2021		1,344		10,400
Dillon, SC			21,678		5.974	%		02/2022		1,832		13,269
Salt Lake City, UT			36,703		5.527	%		10/2028		3,232		-
Subtotal/Wtg. Avg./Years Remaining (l)		$	1,542,136		5.788	%		4.8	$	118,527	$	1,299,838
Corporate
Credit Facility	(c)	$	18,772		3.107	%		02/2011	$	591	$	18,772
Term Loan	(h)(k)		35,551		5.520	%		03/2013		1,990		35,551
Term Loan	(h)(k)		25,000		5.520	%		03/2013		1,399		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)		$	385,593		5.964	%		11.3	$	23,052	$	385,593
Total/Wtg. Avg./Years Remaining (l)		$	1,927,729		5.823	%		6.1	$	141,579	$	1,685,431

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) Floating rate debt 30/60/90/120 day LIBOR plus 285 bps, maturity can be extended to 02/2012 at the Company's option.

(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 the Company 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 $2,432 excluded from balance.

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

(m) Represents full payable of notes, discount of $878 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 $12,274 excluded from balance.

(r) Maturity date represents lender call date.

(s) Debt service payments have been suspended by Lexington.

Page 35 of 44

LEXINGTON REALTY TRUST
Non- Consolidated Investments: Mortgages & Notes Payable
09/30/2010
Joint Venture	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 (5)	$	7,600	$	1,140		6.930	%		12/2010	$	156	$	7,577	$	1,137
Harpard		173		47		9.875	%		01/2011		177		-		-
Net Lease Strategic		2,087		313		7.500	%		01/2011		51		2,076		311
Net Lease Strategic		13,472		2,021		7.400	%		04/2011		609		13,365		2,005
Net Lease Strategic		30,582		4,587		5.126	%		05/2011		1,054		30,582		4,587
Taber		225		61		10.125	%		06/2011		234		-		-
Jayal		526		156		11.500	%		03/2012		365		-		-
Net Lease Strategic		22,637		3,396		5.147	%		05/2012		1,491		22,153		3,323
Net Lease Strategic		7,437		1,116		7.670	%		01/2013		2,817		-		-
Net Lease Strategic		12,752		1,913		5.148	%		05/2013		894		12,144		1,822
Net Lease Strategic		4,782		717		5.950	%		09/2013		381		4,496		674
Net Lease Strategic		19,961		2,994		5.810	%		02/2014		1,551		18,588		2,788
Net Lease Strategic		9,162		1,374		5.616	%		04/2014		697		8,484		1,273
Net Lease Strategic		1,009		151		8.500	%		04/2015		271		-		-
Net Lease Strategic		16,524		2,479		5.411	%		05/2015		1,189		15,087		2,263
Net Lease Strategic - Oklahoma TIC		14,687		881		5.240	%		05/2015		976		13,673		820
Net Lease Strategic		12,325		1,849		5.212	%		06/2015		836		11,349		1,702
Net Lease Strategic		5,969		895		5.783	%		06/2015		462		5,371		806
Net Lease Strategic		18,027		2,704		8.036	%		09/2015		3,352		6,925		1,039
Net Lease Strategic		5,181		777		8.036	%		09/2015		925		2,203		330
Net Lease Strategic		8,379		1,257		6.090	%		01/2016		668		7,446		1,117
Net Lease Strategic		6,193		929		6.090	%		04/2016		494		5,465		820
Net Lease Strategic		6,354		953		6.315	%		09/2016		497		5,723		858
One Summit		15,419		4,626		9.375	%		10/2016		3,344		-		-
Net Lease Strategic		8,969		1,345		6.063	%		11/2016		683		8,023		1,203
One Summit		10,087		3,026		10.625	%		11/2016		2,239		-		-
Net Lease Strategic		8,749		1,312		5.910	%		10/2018		728		6,624		994
Net Lease Strategic		9,611		1,442		6.010	%		08/2019		753		7,658		1,149
Net Lease Strategic		7,500		1,125		6.507	%		11/2019		506		6,692		1,004

Page 36 of 44

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

09/30/2010

Joint Venture	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		9,704		1,456		6.270	%		12/2019		774		7,755		1,163
Net Lease Strategic		8,965		1,345		9.800	%		02/2020		1,917		-		-
Net Lease Strategic		9,813		1,472		5.930	%		10/2020		750		7,660		1,149
Net Lease Strategic		9,114		1,367		5.460	%		12/2020		741		5,895		884
Net Lease Strategic		9,319		1,398		5.640	%		01/2021		692		7,018		1,053
Net Lease Strategic		11,737		1,761		5.380	%		08/2025		1,144		362		54
Total/Wtg. Avg. (1)/Years Remaining (2)	$	345,031	$	54,385		6.648	%		5.2	$	34,418	$	250,394	$	36,328

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 37 of 44

LEXINGTON REALTY TRUST

Partnership Interests

Nine Months Ended September 30, 2010

($000)

Noncontrolling Interest Properties - Partners' Proportionate Share (1)
EBITDA	$	2,867
Interest expense	$	861
Depreciation and amortization	$	1,486
Impairment loss on real estate	$	3,134
Non-Consolidated Net Leased Real Estate - Lexington's Share
EBITDA	$	23,395
Interest expense	$	2,781

Footnotes

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

Page 38 of 44

LEXINGTON REALTY TRUST

Selected Balance Sheet Account Detail

09/30/2010

($000)

Other assets	$	54,024
The components of other assets are:
Deposits, including forward purchase equity commitment	$	26,138
Investments		10,570
Equipment		1,114
Prepaids		5,612
Other receivables		1,276
Deferred lease incentives		9,188
Other		126
Accounts payable and other liabilities	$	44,840
The components of accounts payable and other liabilities are:
Accounts payable and accrued expenses	$	12,767
CIP accruals and other		9,762
Taxes		1,107
Deferred lease costs		3,824
Subordinated notes		2,101
Deposits		1,376
Escrows		2,487
Sale/leaseback financing obligation		4,750
Transaction costs		559
Derivative liability		6,107

Page 39 of 44

LEXINGTON REALTY TRUST

Revenue Data

9/30/2010

($000)

Base Rent Estimates for Current Assets

Year	Cash (1)		GAAP (1)
2010 - remainder	$	74,502	$	77,001
2011	$	302,428	$	303,930
2012	$	274,904	$	276,001
2013	$	236,408	$	236,137
2014	$	197,761	$	201,515

Other Revenue Data

Asset Class	GAAP Base Rent as of 9/30/10 (2)		Percentage
Office	$	148,804		63.9	%
Industrial	$	47,033		20.2	%
Retail	$	10,048		4.3	%
Multi-tenant	$	27,144		11.6	%
	$	233,029		100.0	%
Credit Ratings  (3)
Investment Grade	$	111,158		47.7	%
Non-Investment Grade	$	40,760		17.5	%
Unrated	$	81,111		34.8	%
	$	233,029		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 for any other property.

(2) Nine months ended 9/30/2010 GAAP base rent recognized for consolidated properties owned as of 9/30/2010.

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

Page 40 of 44

LEXINGTON REALTY TRUST

Top 20 Markets

9/30/2010

	Core Based Statistical Area (2)	Percent of GAAP Base Rent as of 9/30/10 (1)
1	Dallas-Fort Worth-Arlington, TX		8.1	%
2	New York-Northern New Jersey-Long Island, NY-NJ-PA		6.9	%
3	Los Angeles-Long Beach-Santa Ana, CA		6.3	%
4	Houston-Sugar Land-Baytown, TX		5.1	%
5	Memphis, TN-MS-AR		4.3	%
6	Atlanta-Sandy Springs-Marietta, GA		4.1	%
7	Kansas City, MO-KS		3.4	%
8	Detroit-Warren-Livonia, MI		2.8	%
9	Orlando-Kissimmee, FL		2.6	%
10	Indianapolis-Carmel, IN		2.4	%
11	Boston-Cambridge-Quincy, MA-NH		2.3	%
12	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2.3	%
13	Chicago-Naperville-Joliet, IL-IN-WI		2.2	%
14	Charlotte-Gastonia-Concord, NC-SC		1.9	%
15	Phoenix-Mesa-Scottsdale, AZ		1.9	%
16	Washington-Arlington-Alexandria, DC-VA-MD-WV		1.8	%
17	San Antonio, TX		1.7	%
18	Seattle-Tacoma-Bellevue, WA		1.6	%
19	Baltimore-Towson, MD		1.6	%
20	Richmond, VA		1.6	%
	Total Top 20 Markets (3)		64.7	%

Footnotes

(1) Nine months ended 9/30/2010 GAAP base rent recognized for consolidated properties owned as of 9/30/2010.

(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 41 of 44

LEXINGTON REALTY TRUST

Tenant Industry Diversification

9/30/2010

Industry Category	Percent of GAAP Base Rent as of 9/30/10 (1)
Finance/Insurance		12.6	%
Automotive		9.4	%
Energy		9.3	%
Consumer Products		9.3	%
Technology		8.7	%
Food		7.3	%
Healthcare		6.3	%
Service		6.3	%
Transportation/Logistics		6.1	%
Construction/Materials		3.7	%
Telecommunications		3.7	%
Media/Advertising		3.5	%
Aerospace/Defense		3.0	%
Printing/Production		2.6	%
Education		2.3	%
Retail Department & Discount		2.0	%
Real Estate		1.2	%
Apparel		1.0	%
Retail - Specialty		0.8	%
Security		0.6	%
Retail - Electronics		0.3	%
Total (2)		100.0	%

Footnotes

(1) Nine months ended 9/30/2010 GAAP base rent recognized for consolidated properties owned as of 9/30/2010.

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

Page 42 of 44

LEXINGTON REALTY TRUST

Top 10 Tenants or Guarantors

9/30/2010

Tenants or Guarantors	Number of Leases		Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			GAAP Base Rent as of 9/30/10 ($000) (1)		Percent of GAAP Base Rent as of 9/30/10 ($000) (1)
Bank of America, NA		8		691,893		1.9	%	$	7,233		3.1	%
Baker Hughes, Inc.		2		720,221		1.9	%	$	6,991		3.0	%
Dana Holding Corporation and Dana Limited		6		1,902,414		5.1	%	$	6,226		2.7	%
Federal Express Corporation		2		641,286		1.7	%	$	5,563		2.4	%
Swiss Re America Holding Corporation		2		476,123		1.3	%	$	4,954		2.1	%
Morgan, Lewis & Bockius, LLC (3)		1		290,565		0.8	%	$	4,935		2.1	%
CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		3		2,503,916		6.7	%	$	4,928		2.1	%
Wells Fargo Bank, N.A.		2		338,301		0.9	%	$	4,496		1.9	%
International Business Machines Corporation (Internet Security Systems, Inc.)		2		289,000		0.8	%	$	4,433		1.9	%
Reckitt Benckiser, Inc.		1		186,889		0.5	%	$	4,169		1.8	%
		29		8,040,608		21.6	%	$	53,928		23.1	%

Footnotes

(1) Nine months ended 9/30/2010 GAAP base rent recognized for consolidated properties owned as of 9/30/2010.

(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 43 of 44

Investor Information

Transfer Agent	Investor Relations
BNY Mellon Shareowner Services	Patrick Carroll
480 Washington Blvd.	Executive Vice President and Chief Financial Officer
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 44 of 44