Exhibit 99.1
Quarterly Earnings andSupplemental Operating and Financial Data
June 30, 2011
LEXINGTON REALTY TRUST
SUPPLEMENTAL REPORTING PACKAGE
June 30, 2011
Table of Contents
| Section | Page |
| | |
| Second Quarter 2011 Earnings Press Release | 3 |
| | |
| Portfolio Data | |
| | 2011 Second Quarter Leasing Summary | 12 |
| | 2011 Second Quarter Disposition Summary | 14 |
| | Property Leases and Vacancies – Consolidated Portfolio | 15 |
| | Property Leases and Vacancies – Net Lease Strategic Assets Fund | 22 |
| | Lease Rollover Schedule – Cash Basis | 24 |
| | Lease Rollover Schedule – GAAP Basis | 25 |
| | Mortgage Loans Receivable | 26 |
| | 2011 Second Quarter Financing Summary | 27 |
| | Debt Maturity Schedule | 28 |
| | 2011 Mortgage Maturities by Property Type | 29 |
| | 2012 Mortgage Maturities by Property Type | 30 |
| | 2013 Mortgage Maturities by Property Type | 31 |
| | 2014 Mortgage Maturities by Property Type | 32 |
| | 2015 Mortgage Maturities by Property Type | 33 |
| | Mortgages and Notes Payable | 34 |
| | Partnership Interests | 39 |
| | Selected Balance Sheet Account Data | 40 |
| | Revenue Data | 41 |
| | Top 20 Markets | 42 |
| | Tenant Industry Diversification | 43 |
| | Top 10 Tenants or Guarantors | 44 |
| | | |
| Investor Information | 45 |
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| | ONE PENN PLAZA, SUITE 4015 |
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Contact:
Investor or Media Inquiries, T. Wilson Eglin, CEO Phone: (212) 692-7200 E-mail: tweglin@lxp.com
FOR IMMEDIATE RELEASE
LEXINGTON REALTY TRUST REPORTS SECOND QUARTER 2011 RESULTS
New York, NY - August 2, 2011 - Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the second quarter ended June 30, 2011.
Second Quarter 2011 Highlights | • | Generated Company Funds From Operations (“Company FFO”) of $41.1 million or $0.24 per diluted common share/unit, adjusted for certain items. |
| • | Closed property acquisitions of $108.8 million and loan investments of $15.8 million. |
| • | Increased portfolio occupancy 80 basis points to 96.1%; highest level since 2007. |
| • | Executed 19 new and renewal leases, totaling approximately 1.4 million square feet. |
| • | Raised $28.0 million of gross proceeds from dispositions and financing activities. |
| • | Contracted to (1) lend up to an aggregate $14.3 million to fund the construction of two single-tenant properties and (2) purchase the properties upon completion of construction and commencement of single-tenant leases for an additional $11.7 million. |
T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, “We continue to be pleased with our operating results and the steady progress we have made in executing our business plan. In the first half of 2011, we signed 3.2 million square feet of leases, raised our leased portfolio from 93.4% to 96.1%, disposed of 11 properties for $121.9 million at a 6.6% weighted-average capitalization rate and lowered our debt by $64.2 million. The accretive investments we made in the second quarter fully deployed the proceeds of our May equity offering, which we believe have improved our prospects for dividend growth.”
For the quarter ended June 30, 2011, total gross revenues were $82.7 million, compared with total gross revenues of $80.6 million for the quarter ended June 30, 2010. The increase is primarily due to property acquisitions and an increase in occupancy.
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 June 30, | | | Six Months Ended June 30, | |
| | | 2011 | | | Per Diluted Share/Unit | | | 2010 | | | Per Diluted Share/Unit | | | 2011 | | | Per Diluted Share/Unit | | | 2010 | | | Per Diluted Share/Unit | |
Reported Company FFO(A) | | $ | (8.1 | ) | | $ | (0.05 | ) | | $ | 14.6 | | | $ | 0.09 | | | $ | 6.9 | | | $ | 0.04 | | | $ | 28.6 | | | $ | 0.19 | |
| Acquisition Costs | | | 0.6 | | | | | | | | — | | | | | | | | 0.6 | | | | | | | | — | | | | | |
| Debt satisfaction charges (gains), net | | | — | | | | | | | | — | | | | | | | | 0.6 | | | | | | | | (2.6 | ) | | | | |
| Forward equity commitment | | | 0.5 | | | | | | | | 1.6 | | | | | | | | (5.5 | ) | | | | | | | (0.5 | ) | | | | |
| Impairment losses – real estate | | | 59.2 | | | | | | | | 22.1 | | | | | | | | 88.8 | | | | | | | | 50.1 | ) | | | | |
| Impairment losses – consolidated debt investments | | | — | | | | | | | | 3.9 | | | | | | | | — | | | | | | | | 3.9 | | | | | |
| Impairment losses – real estate noncontrolling interests | | | (11.8 | ) | | | | | | | (6.4 | ) | | | | | | | (11.8 | ) | | | | | | | (9.5 | ) | | | | |
| Impairment loss – JV | | | — | | | | | | | | — | | | | | | | | 1.6 | | | | | | | | — | | | | | |
| Other | | | 0.7 | | | | | | | | 0.1 | | | | | | | | 1.6 | | | | | | | | 0.3 | | | | | |
| Company FFO, as adjusted | | $ | 41.1 | | | $ | 0.24 | (B) | | $ | 35.9 | | | $ | 0.23 | (B) | | $ | 82.8 | | | $ | 0.48 | (B) | | $ | 70.3 | | | $ | 0.47 | |
| (A) | A reconciliation of GAAP net loss to Company FFO is provided later in this press release. Reported Company FFO excludes the assumed settlement of the forward equity commitment. |
| Per diluted share/unit reflects the impact of estimated net common shares retired upon the assumed settlement of the forward equity commitment of (3,544,219), (3,356,445), (3,468,421) and (3,312,724) for the three months ended June 30, 2011 and 2010 and six months ended June 30, 2011 and 2010, respectively. |
Net Loss Attributable to Common Shareholders
For the quarter ended June 30, 2011, net loss attributable to common shareholders was $(50.5) million , or a loss of $(0.33) per diluted share, compared with net loss attributable to common shareholders for the quarter ended June 30, 2010 of $(30.4) million, or a loss of $(0.23) per diluted share.
Lexington issued 10.0 million common shares, raising net proceeds of $90.6 million. The net proceeds were primarily used to fund investments.
Common Share Dividend/Distribution
During the quarter ended June 30, 2011, Lexington declared a regular quarterly dividend/distribution of $0.115 per common share/unit, which was paid on July 15, 2011 to common shareholders/unitholders of record as of June 30, 2011.
Investments
Property Acquisitions. During the second quarter of 2011, Lexington:
| | • | acquired an 80,000 square foot office facility in Rock Hill, South Carolina (Charlotte, NC - CBSA) for an original cost basis of $7.4 million (8.9% initial cap rate). The facility is net-leased for a remaining term of approximately 10 years. |
| | • | purchased a 514,000 square foot industrial facility in Byhalia, Mississippi (Memphis, TN-CBSA) for an original cost basis of $27.5 million (9.3% initial cap rate). The facility is net-leased for a 15-year term. Subsequent to closing, Lexington financed the facility with a $15.0 million, 4.71% interest only non-recourse mortgage loan, which matures in 2016. |
| | • | closed on the acquisition of a 673,000 square foot industrial property in Shelby, North Carolina for an original cost basis of $23.5 million (9.1% initial cap rate). The facility is net-leased for a 20-year term. Lexington funded the construction of the property beginning in 2010. |
| | • | acquired a 292,700 square foot office property in Allen, Texas (Dallas, TX-CBSA) for an original cost basis of $36.3 million (8.5% initial cap rate). The property is net-leased through March 2018. |
| | • | made a preferred equity investment in a joint venture formed to acquire a 210,000 square foot office property in Aurora, Illinois (Chicago, IL-CBSA). Lexington contributed $14.2 million to the joint venture for an 87% preferred equity interest in the property. The property was purchased by a subsidiary of the joint venture for an original cost basis of $15.9 million (14.0% initial cap rate). The property is net-leased through September 2017. Lexington is entitled to a 15% internal rate of return, including a 9.6% current annual preferred return on its investment. |
In addition, subsequent to quarter end, Lexington acquired a 42,000 square foot office property in Columbus, Ohio for an original cost basis of $6.1 million (9.1% initial cap rate). At closing, the property was net-leased to the seller for a 16-year term. Loan Investments. During the second quarter of 2011, Lexington:
| | • | closed on a $10.0 million mezzanine loan secured by a 100% pledge of all equity interests in the entities which own two to-be-constructed distribution facilities. The loan matures in 2013 and has an interest rate of 15.0% for the first year and 18.5% for the second year. |
| | • | invested $5.8 million in an equally owned joint venture formed to acquire the economic interest in a mezzanine loan owned by Concord Debt Holdings, LLC. |
New Build-to-Suit Transactions. During the second quarter of 2011, Lexington:
| | • | contracted to (1) lend up to $11.8 million to fund the construction of a 70,000 square foot office property in Huntington, West Virginia and (2) acquire the property for a maximum price of $13.0 million (9.4% initial cap rate) upon completion of construction and commencement of the tenant lease, which is expected to occur in the fourth quarter of 2011. The property will be net-leased for a term of 15 years. |
| | • | agreed to (1) lend up to $2.5 million to fund a portion of the construction of a 257,000 square foot industrial property in Shreveport, Louisiana and (2) acquire the property for $13.1 million (9.5% initial cap rate) upon completion of construction and commencement of the tenant lease, which is expected to occur in the second quarter of 2012. The property will be net-leased for a term of 10 years. |
In addition, Lexington continues to fund the construction of the previously announced $18.0 million build-to-suit property in Saint Joseph, Missouri (9.5% initial cap rate), which will be subject to a 15-year net-lease upon completion.
No assurance can be provided that construction of these built-to-suit projects will be completed or the acquisitions will be consummated.
Information on these investments is provided in tabular form in Lexington's Supplemental Operating and Financial Data Disclosure Package available at www.lxp.com.
During the second quarter of 2011, Lexington disposed of five properties to unrelated parties for an aggregate gross sales price of $13.0 million, representing a weighted-average cap rate of 3.3%. Subsequent to quarter end, Lexington disposed of one property for $0.9 million at a cap rate of 9.5%. Total year-to-date disposition activity is $122.8 million at a weighted-average cap rate of 6.7%.
For the quarter ended June 30, 2011, 19 new and renewal leases for 1.4 million square feet were executed in Lexington's portfolio. At June 30, 2011, Lexington's overall portfolio was 96.1% leased.
Lexington's estimate of Company FFO remains unchanged at $0.90 to $0.93 per diluted share for the year ended December 31, 2011. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.
SECOND QUARTER 2011 CONFERENCE CALL
Lexington will host a conference call today, Tuesday, August 2, 2011, at 11:00 a.m. Eastern Time, to discuss its results for the quarter ended June 30, 2011. Interested parties may participate in this conference call by dialing 800-357-9448 or 719-325-2261. A replay of the call will be available through August 16, 2011, at 877-870-5176 or 858-384-5517, pin: 2428086. A live webcast of the conference call will be available at www.lxp.com within the Investor Relations section.
ABOUT LEXINGTON REALTY TRUST
Lexington Realty Trust is a real estate investment trust that owns, invests in, and manages office, industrial and retail properties net-leased to major corporations throughout the United States and provides investment advisory and asset management services to investors in the net lease area. Lexington shares are traded on the New York Stock Exchange under the symbol “LXP”. Additional information about Lexington is available on-line at www.lxp.com or by contacting Lexington Realty Trust, One Penn Plaza, Suite 4015, New York, New York 10119-4015, Attention: Investor Relations.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under Lexington's control which may cause actual results, performance or achievements of Lexington to be materially different from the results, performance, or other expectations implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the headings “Management's Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in Lexington's periodic reports filed with the Securities and Exchange Commission, including risks related to: (1) the authorization by Lexington's Board of Trustees of future dividend declarations to achieve an annualized dividend paid in 2011 of $0.46 per common share, (2) Lexington's ability to achieve its estimate of Company FFO for the year ended December 31, 2011, (3) the consummation of the built-to-suit construction loans and subsequent acquisition of such properties, (4) the failure to continue to qualify as a real estate investment trust, (5) changes in general business and economic conditions, including the impact of the current global financial and credit crisis, (6) competition, (7) increases in real estate construction costs, (8) changes in interest rates, or (9) changes in accessibility of debt and equity capital markets. Copies of the periodic reports Lexington files with the Securities and Exchange Commission are available on Lexington's web site at www.lxp.com. Forward-looking statements, which are based on certain assumptions and describe Lexington's future plans, strategies and expectations, are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “estimates,” “projects”, “is optimistic” or similar expressions. Lexington undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. Accordingly, there is no assurance that Lexington's expectations will be realized.
References to Lexington refer to Lexington Realty Trust and its consolidated subsidiaries. All interests in properties and loans are held through special purpose entities, which are separate and distinct legal entities, but consolidated for financial statement purposes and/or disregarded for income tax purposes.
LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three and six months ended June 30, 2011 and 2010
(Unaudited and in thousands, except share and per share data)
| | | Three Months Ended June 30, | | | Six Months Ended June 30, | |
| | | 2011 | | | 2010 | | | 2011 | | | 2010 | |
| Gross revenues: | | | | | | | | | | | | |
| Rental | | $ | 73,749 | | | $ | 72,567 | | | $ | 147,505 | | | $ | 144,650 | |
| Advisory and incentive fees | | | 1,151 | | | | 201 | | | | 1,447 | | | | 615 | |
| Tenant reimbursements | | | 7,775 | | | | 7,797 | | | | 16,386 | | | | 16,823 | |
| Total gross revenues | | | 82,675 | | | | 80,565 | | | | 165,338 | | | | 162,088 | |
| | | | | | | | | | | | | | | | | |
| Expense applicable to revenues: | | | | | | | | | | | | | | | | |
| Depreciation and amortization | | | (41,880 | ) | | | (38,839 | ) | | | (81,127 | ) | | | (78,574 | ) |
| Property operating | | | (16,348 | ) | | | (16,332 | ) | | | (33,464 | ) | | | (33,576 | ) |
| General and administrative | | | (5,540 | ) | | | (4,939 | | | | (10,987 | ) | | | (10,910 | ) |
| Non-operating income | | | 2,833 | | | | 2,819 | ) | | | 5,831 | | | | 5,045 | |
| Interest and amortization expense | | | (26,953 | ) | | | (30,280 | ) | | | (53,967 | ) | | | (60,507 | ) |
| Debt satisfaction gains (charges), net | | | (10 | | | | — | | | | 9 | | | | (762 | ) |
| Change in value of forward equity commitment | | | (445 | ) | | | (1,617 | ) | | | 5,548 | | | | 460 | |
| Impairment charges and loan losses | | | (53,638 | ) | | | (6,879 | | | | (53,638 | ) | | | (6,879 | ) |
| | | | | | | | | | | | | | | | | |
| Loss before benefit (provision) for income taxes, equity in earnings of non-consolidated entities and discontinued operations | | | (59,306 | ) | | | (15,502 | ) | | | (56,457 | ) | | | (23,615 | ) |
| Benefit (provision) for income taxes | | | (231 | ) | | | (605 | | | | 1,293 | | | | (1,241 | ) |
| Equity in earnings of non-consolidated entities | | | 7,600 | | | | 5,368 | | | | 11,599 | | | | 10,606 | |
| Loss from continuing operations | | | (51,937 | ) | | | (10,739 | ) | | | (43,565 | ) | | | (14,250 | ) |
| | | | | | | | | | | | | | | | | |
| Discontinued operations: | | | | | | | | | | | | | | | | |
| Income (loss) from discontinued operations | | | 381 | | | | 101 | | | | 1,289 | | | | (1,545 | ) |
| Provision for income taxes | | | (6 | ) | | | (13 | ) | | | (9 | | | | (18 | ) |
| Debt satisfaction gains (charges), net | | | — | | | | — | | | | (60 | | | | 3,385 | |
| Gains on sales of properties | | | 170 | | | | 52 | | | | 5,069 | | | | 498 | |
| Impairment charges | | | (5,565 | ) | | | (19,102 | ) | | | (35,131 | ) | | | (47,097 | ) |
| Total discontinued operations | | | (5,020 | ) | | | (18,962 | ) | | | (29,385 | | | | (44,777 | ) |
| Net loss | | | (56,957 | ) | | | (29,701 | | | | (72,950 | ) | | | (59,0270 | |
| Less net loss attributable to noncontrolling interests | | | 12,699 | ) | | | 5,600 | | | | 11,253 | | | | 8,159 | |
| Net loss attributable to Lexington Realty Trust shareholders | | | (44,258 | ) | | | (24,101 | | | | (61,697 | ) | | | (50,868 | ) |
| Dividends attributable to preferred shares - Series B | | | (1,590 | ) | | | (1,590 | | | | (3,180 | ) | | | (3,180 | ) |
| Dividends attributable to preferred shares - Series C | | | (1,690 | ) | | | (1,703 | | | | (3,380 | ) | | | (3,405 | ) |
| Dividends attributable to preferred shares - Series D | | | (2,925 | | | | (2,925 | | | | (5,851 | ) | | | (5,851 | ) |
| Dividends attributable to non-vested common shares | | | (76 | ) | | | (60 | | | | (155 | ) | | | (1230 | |
| Redemption discount - Series C | | | — | | | | — | | | | 86 | | | | — | |
| Net loss attributable to common shareholders | | $ | (50,539 | | | $ | (30,379 | ) | | $ | (74,177 | | | $ | (63,427 | ) |
| | | | | | | | | | | | | | | | | |
| Loss per common share - basic and diluted: | | | | | | | | | | | | | | | | |
| Loss from continuing operations | | $ | (0.30 | | | $ | (0.14 | ) | | $ | (0.31 | ) | | $ | (0.22 | ) |
| Loss from discontinued operations | | $ | (0.03 | | | $ | (0.09 | ) | | | (0.19 | ) | | | (0.28 | ) |
| Net loss attributable to common shareholders | | $ | (0.33 | | | $ | (0.23 | ) | | $ | (0.50 | ) | | $ | (0.50 | ) |
| | | | | | | | | | | | | | | | | |
| Weighted-average common shares outstanding - basic and diluted | | | 151,526,956 | | | | 133,141,084 | | | | 148,866,015 | | | | 127,339,144 | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| Amounts attributable to common shareholders: | | | | | | | | | | | | | | | | |
| Loss from continuing operations | | $ | (45,769 | ) | | $ | (17,864 | ) | | $ | (45,242 | ) | | $ | (28,348 | ) |
| Loss from discontinued operations | | | (4,770 | ) | | | (12,515 | ) | | | (28,935 | ) | | | (35,079 | |
| Net loss attributable to common shareholders | | $ | (50,539 | ) | | $ | (30,379 | ) | | $ | (74,177 | ) | | $ | (63,427 | ) |
LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
June 30, 2011 (unaudited) and December 31, 2010
(In thousands, except share and per share data)
| | | 2011 | | | 2010 | |
| Assets: | | | | | | |
| Real estate, at cost | | $ | 3,199,804 | | | $ | 3,363,586 | |
| Investments in real estate under construction | | | 7,251 | | | | 11,258 | |
| Less: accumulated depreciation and amortization | | | 602,004 | | | | 601,239 | |
| | | | 2,605,051 | | | | 2,773,605 | |
| Property held for sale - discontinued operations | | | 12,143 | | | | 7,316 | |
| Intangible assets, net | | | 192,083 | | | | 203,495 | |
| Cash and cash equivalents | | | 64,149 | | | | 52,644 | |
| Restricted cash | | | 30,304 | | | | 26,644 | |
| Investment in and advances to non-consolidated entities | | | 100,700 | | | | 72,480 | |
| Deferred expenses, net | | | 46,072 | | | | 39,912 | |
| Loans receivable, net | | | 112,987 | | | | 88,937 | |
| Rent receivable - current | | | 7,255 | | | | 7,498 | |
| Rent receivable - deferred | | | 7,825 | | | | 6,293 | |
| Other assets | | | 61,057 | | | | 56,172 | |
| Total assets | | $ | 3,239,626 | | | $ | 3,334,996 | |
| | | | | | | | | |
| Liabilities and Equity: | | | | | | | | |
| Liabilities: | | | | | | | | |
| Mortgages and notes payable | | $ | 1,415,968 | | | $ | 1,481,216 | |
| Exchangeable notes payable | | | 61,770 | | | | 61,438 | |
| Convertible notes payable | | | 104,180 | | | | 103,211 | |
| Trust preferred securities | | | 129,120 | | | | 129,120 | |
| Dividends payable | | | 24,320 | | | | 23,071 | |
| Liabilities - discontinued operations | | | 5,123 | | | | 3,876 | |
| Accounts payable and other liabilities | | | 54,412 | | | | 51,292 | |
| Accrued interest payable | | | 12,218 | | | | 13,989 | |
| Deferred revenue - below market leases, net | | | 84,827 | | | | 96,490 | |
| Prepaid rent | | | 18,358 | | | | 15,164 | |
| | | | 1,910,296 | | | | 1,978,867 | |
| Commitments and contingencies | | | | | | | | |
| | | | | | | | | |
| Equity: | | | | | | | | |
| Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares, | | | | | | | | |
| Series B Cumulative Redeemable Preferred, liquidation preference $79,000; 3,160,000 shares issued and outstanding | | | 76,315 | | | | 76,315 | |
| Series C Cumulative Convertible Preferred, liquidation preference $103,995 and $104,760; 2,079,904 and 2,095,200 shares issued and outstanding in 2011 and 2010, respectively | | | 101,035 | | | | 101,778 | |
| Series D Cumulative Redeemable Preferred, liquidation preference $155,000; 6,200,000 shares issued and outstanding | | | 149,774 | | | | 149,774 | |
| Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 157,522,107 and 146,552,589 shares issued and outstanding in 2011 and 2010, respectively | | | 16 | | | | 15 | |
| Additional paid-in-capital | | | 2,035,721 | | | | 1,937,942 | |
| Accumulated distributions in excess of net income | | | (1,094,614 | ) | | | (985,562 | ) |
| Accumulated other comprehensive income (loss) | | | 670 | | | | (106 | ) |
| Total shareholders' equity | | | 1,268,917 | | | | 1,280,156 | |
| Noncontrolling interests | | | 60,413 | | | | 75,973 | |
| Total equity | | | 1,329,330 | | | | 1,356,129 | |
| Total liabilities and equity | | $ | 3,239,626 | | | $ | 3,334,996 | |
LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES COMPANY FUNDS FROM OPERATIONS PER SHARE
(Unaudited and in thousands, except share and per share data)
| | | Three Months Ended June 30, | | | June 30, | |
| | | 2011 | | | 2010 | | | 2011 | | | 2010 | |
COMPANY FUNDS FROM OPERATIONS: (1) | | | | | | | | | | | | |
| Basic and Diluted: | | | | | | | | | | | | |
| Net loss attributable to common shareholders | | $ | (50,539 | ) | | $ | (30,379 | ) | | $ | (74,177 | ) | | $ | 63,427 | ) |
| Adjustments: | | | | | | | | | | | | | | | | |
| Depreciation and amortization | | | 40,922 | | | | 40,358 | | | | 79,518 | | | | 83,480 | ) |
| Noncontrolling interests - OP units | | | (1,398 | ) | | | 447 | | | | (958 | | | | 756 | |
| Amortization of leasing commissions | | | 966 | | | | 695 | | | | 1,873 | | | | 1,767 | |
| Joint venture and noncontrolling interest adjustment | | | (1,924 | ) | | | (526 | | | | (2,219 | ) | | | | |
| Preferred dividends - Series C | | | 1,690 | | | | 1,703 | | | | 3,294 | | | | 3,405 | |
| Gains on sales of properties | | | (170 | ) | | | (52 | ) | | | (5,069 | | | | (498 | ) |
| Interest and amortization on 6.00% Convertible Notes | | | 2,326 | ) | | | 2,325 | | | | 4,653 | | | | 3,958 | |
| Company FFO | | $ | (8,127 | ) | | $ | 14,571 | | | $ | 6,915 | | | $ | 8,595 | |
| | | | | | | | | | | | | | | | | |
| Basic: | | | | | | | | | | | | | | | | |
| Weighted-average common shares outstanding - basic | | | 151,526,956 | | | | 133,141,084 | | | | 148,866,015 | | | | 127,339,144 | |
| 6.00% Convertible Notes | | | 16,230,905 | | | | 16,230,905 | | | | 16,230,905 | | | | 13,918,888 | |
| Non-vested share-based payment awards | | | 138,457 | | | | 58,512 | | | | 130,662 | | | | 51,664 | |
| Operating Partnership Units | | | 4,824,501 | | | | 5,379,186 | | | | 4,861,704 | | | | 5,384,193 | |
| Preferred Shares - Series C | | | 5,062,278 | | | | 5,099,507 | | | | 5,077,293 | | | | 5,099,507 | |
| Weighted-average common shares outstanding | | | 177,783,097 | | | | 159,909,194 | | | | 175,166,579 | | | | 151,793,396 | |
| Company FFO per common share - Basic | | $ | (0.05 | ) | | $ | 0.09 | | | $ | 0.04 | | | $ | .19 | |
| | | | | | | | | | | | | | | | | |
| Diluted: | | | | | | | | | | | | | | | | |
| Weighted-average common shares outstanding - basic | | | 151,526,956 | | | | 133,141,084 | | | | 148,866,015 | | | | 127,339,144 | |
| 6.00% Convertible Notes | | | 16,230,905 | | | | 16,230,905 | | | | 16,230,905 | | | | 13,918,888 | |
| Non-vested share-based payment awards | | | 138,457 | | | | 58,512 | | | | 130,662 | | | | 51,664 | |
| Operating Partnership Units | | | 4,824,501 | | | | 5,379,186 | | | | 4,861,704 | | | | 5,384,193 | |
| Preferred Shares - Series C | | | 5,062,278 | | | | 5,099,507 | | | | 5,077,293 | | | | 5,099,507 | |
| Options - Incremental shares | | | 328,985 | | | | — | | | | 361,866 | | | | — | |
| Weighted-average common shares outstanding | | | 178,112,082 | | | | 159,909,194 | | | | 175,528,445 | | | | 151,793,396 | |
| Company FFO per common share - Diluted | | $ | (0.05 | ) | | $ | 0.09 | | | $ | 0.04 | | | $ | .19 | |
LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES
EARNINGS PER SHARE
(Unaudited and in thousands, except share and per share data)
| | | Three Months Ended June 30, | | | | |
| | | 2011 | | | 2010 | | | 2011 | | | 2010 | |
| EARNINGS PER SHARE: | | | | | | | | | | | | |
| Basic and Diluted: | | | | | | | | | | | | |
| Loss from continuing operations attributable to common shareholders | | $ | 45,769 | ) | | $ | (17,864 | ) | | $ | (45,242 | ) | | $ | (28,348 | ) |
| Loss from discontinued operations attributable to common shareholders | | | (4,770 | ) | | | (12,515 | ) | | | (28,935 | ) | | | (35,079 | ) |
| Net loss attributable to common shareholders | | $ | 50,539 | ) | | | (30,379 | ) | | $ | (74,177 | ) | | $ | (63,427 | ) |
| | | | | | | | | | | | | | | | | |
| Weighted-average number of common shares outstanding | | | 151,526,956 | | | | 133,141,084 | | | | 148,866,015 | | | | 127,339,144 | |
| Loss per common share: | | | | | | | | | | | | | | | | |
| Loss from continuing operations | | $ | (0.30 | ) | | $ | (0.14 | ) | | $ | (0.31 | ) | | $ | (0.22 | ) |
| Loss from discontinued operations | | | (0.03 | ) | | | (0.09 | ) | | | (0.19 | ) | | | (0.28 | ) |
| Net loss attributable to common shareholders | | $ | (0.33 | ) | | $ | (0.23 | ) | | $ | (0.50 | ) | | $ | (0.50 | ) |
1 Lexington believes that Funds from Operations (“FFO”) is a widely recognized and appropriate measure of the performance of an equity REIT. Lexington presents FFO because it considers FFO an important supplemental measure of Lexington's operating performance. Lexington believes FFO is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting their results. FFO is intended to exclude generally accepted accounting principles (“GAAP”) historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. As a result, FFO provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, development activities, interest costs and other matters without the inclusion of depreciation and amortization, providing perspective that may not necessarily be apparent from net income.
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.
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LEXINGTON REALTY TRUST
2011 Second 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 | | United States of America | | Lenexa | | KS | | | 03/2022 | | | | 193,830 | | | $ | 4,287 | | | $ | 7,380 | |
| 2 | | Transamerica Life Insurance Company | | Baltimore | | MD | | | 01/2022 | | | | 15,614 | | | $ | 667 | | | $ | 887 | |
| 3 | | First Investors Corporation | | Glen Allen | | VA | | | 12/2016 | | | | 3,491 | | | $ | 36 | | | $ | 36 | |
| 4 | | Miles & Stockbridge P.C. (2)(3) | | Baltimore | | MD | | | 03/2028 | | | | 107,366 | | | $ | 3,176 | | | $ | 3,432 | |
| 5 | | Pennsylvania School of Business, Inc. (4) | | Allentown | | PA | | | 09/2021 | | | | 22,392 | | | $ | 44 | | | $ | 44 | |
| 6 | | Bolton Partners, Inc. (2) | | Baltimore | | MD | | | 09/2016 | | | | 14,629 | | | $ | 266 | | | $ | 266 | |
| 7 | | Flexco, Inc. | | Lisle | | IL | | | 08/2014 | | | | 7,535 | | | $ | 113 | | | $ | 113 | |
| 8 | | Ascendent Engineering and Safety Solutions, LLC | | Johnson City | | TN | | | 06/2013 | | | | 1,642 | | | $ | 25 | | | $ | 25 | |
| 9 | | Oxford Global Resources, Inc. (On Assignment, Inc.) | | Palm Beach Gardens | | FL | | | 09/2019 | | | | 18,582 | | | $ | 125 | | | $ | 125 | |
| 10 | | Mack Insurance Agency Inc. | | Johnson City | | TN | | | 07/2013 | | | | 1,643 | | | $ | 16 | | | $ | 16 | |
| | | | | | | | | | | | | | | | | | | | | | | |
| 10 | | TOTAL NEW LEASES | | | | | | | | | | | 386,724 | | | $ | 8,755 | | | $ | 12,324 | |
| | | 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 | | League of Women Voters of Honolulu | | Honolulu | | HI | | 05/2011 | | | 05/2014 | | | | 651 | | | $ | 6 | | | $ | 12 | | | $ | 6 | | | $ | 12 | |
| 2 | | Harbor Investment Advisory, LLC | | Baltimore | | MD | | 04/2015 | | | 05/2016 | | | | 7,750 | | | $ | 214 | | | $ | 120 | | | $ | 214 | | | $ | 120 | |
| 3 | | Honeywell International Inc. (4) | | Glendale | | AZ | | 07/2011 | | | 07/2019 | | | | 252,300 | | | $ | 837 | | | $ | 1,171 | | | $ | 907 | | | $ | 1,484 | |
| 4 | | HP Enterprise Services, LLC (4) | | Des Moines | | IA | | 04/2012 | | | 04/2017 | | | | 405,000 | | | $ | 1,184 | | | $ | 1,488 | | | $ | 1,264 | | | $ | 1,416 | |
| 5 | | TD Auto Finance LLC | | Westlake | | TX | | 12/2011 | | | 12/2016 | | | | 130,290 | | | $ | 2,850 | | | $ | 3,660 | | | $ | 2,537 | | | $ | 3,455 | |
| 6 | | United States of America | | Beaumont | | TX | | 06/2011 | | | 06/2012 | | | | 1,982 | | | $ | 38 | | | $ | 38 | | | $ | 38 | | | $ | 38 | |
| 7 | | Apria Healthcare, Inc. | | Lake Forest | | CA | | 01/2012 | | | 01/2022 | | | | 100,012 | | | $ | 1,078 | | | $ | 2,036 | | | $ | 1,199 | | | $ | 1,792 | |
| 8 | | Angell M.L. You | | Honolulu | | HI | | 05/2011 | | | 05/2014 | | | | 423 | | | $ | 11 | | | $ | 12 | | | $ | 11 | | | $ | 12 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 8 | | Total office/multi-tenant lease extensions | | | | | | | | | | | | | 898,408 | | | $ | 6,218 | | | $ | 8,537 | | | $ | 6,176 | | | $ | 8,329 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Industrial | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1 | | Owens Corning Insulating Systems, LLC(5) | | Hebron | | OH | | 05/2011 | | | 08/2011 | | | | 146,960 | | | $ | 326 | | | $ | 371 | | | $ | 326 | | | $ | 371 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1 | | Total industrial lease extensions | | | | | | | | | | | | | 146,960 | | | $ | 326 | | | $ | 371 | | | $ | 326 | | | $ | 371 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 9 | | TOTAL EXTENDED LEASES | | | | | | | | | | | | | 1,045,368 | | | $ | 6,544 | | | $ | 8,908 | | | $ | 6,502 | | | $ | 8,700 | |
| | | �� | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 19 | | TOTAL NEW AND EXTENDED LEASES | | | | | | | | | | | | | 1,432,092 | | | $ | 15,299 | | | $ | 8,908 | | | $ | 18,826 | | | $ | 8,700 | |
LEXINGTON REALTY TRUST
2011 Second Quarter Leasing Summary
| | | LEASE NON-RENEWAL | | | | | | | | | | |
| | | Tenants/Guarantors | | Location | Lease Expiration Date | | Sq. Ft. | | Prior Cash Rent Per Annum ($000) | | Prior GAAP Rent Per Annum ($000) | |
| | | Office | | | | | | | | | | |
| 1 | | Bally's Total Fitness of the Midwest, Inc. (Bally's Health & Tennis Corporation) (6) | | | | | 06/2011 | | | | 37,214 | | | $ | 279 | | | | 234 | |
| 2 | | The Wackenhut Wells Fargo Bank, N.A. (4) | | | | | 06/2011 | | | | 48,838 | | | | 81 | | | | 215 | |
| | | | | | | | | | | | | | | | | | | | | |
| 2 | | TOTAL LEASE NON-RENEWALS | | | | | | | | | 86,052 | | | | | | | | 449 | |
| | (1) | Assumes twelve months rent from the later of 07/01/2011 or lease commencement/extension. |
| | (2) | RBC Capital Markets, LLC surrendered 43,887 sf and paid a $1.4 million termination payment. |
| | (3) | Estimated occupancy is 4/1/2012 with rent commencing 4/1/2013. |
| | (4) | Investment held in Net Lease Strategic Assets Fund L.P., rent amounts reflect Lexington's 47.73% ownership percentage, however square footage is actual. |
| | (5) | Lease space contracted to 80,960 sf effective 7/1/2011. Prior cash and GAAP rent for 168,960 sf. |
| | (6) | Property under contract to sell for $1.7 million. |
LEXINGTON REALTY TRUST
2011 Second Quarter Investment/Disposition Summary
| | | PROPERTY INVESTMENTS | | | | | | | | | | | | | | | | | |
| | | Tenants (Guarantors) | Location | Property Type | | Initial Basis ($000) | | | Estimated Current Annual Cash Rent ($000) | | | Current Cash Yield | | | Current GAAP Yield | | | Lease Expiration | |
| 1 | | Asics America Corporation (Asics Corporation) | Byhalia | | MS | Industrial | | $ | 27,492 | | | $ | 2,548 | | | | 9.3 | % | | | 10.7 | % | | | 03/2026 | |
| 2 | | 3D Systems Corporation | Rock Hill | | SC | Office | | $ | 7,395 | | | $ | 657 | | | | 8.9 | % | | | 9.3 | % | | | 08/2021 | |
| 3 | | Experian Information Solutions, Inc. (Experian Holdings, Inc.) (1) | Allen | | TX | Office | | $ | 36,304 | | | $ | 3,073 | | | | 8.5 | % | | | 8.5 | % | | | 03/2018 | |
| 4 | | Clearwater Paper Corporation | Shelby | | NC | Industrial | | $ | 23,470 | | | $ | 2,142 | | | | 9.1 | % | | | 11.1 | % | | | 05/2031 | |
| 5 | | Westell Technologies, Inc. (2) | Aurora | | IL | Office | | $ | 14,180 | | | $ | 1,989 | | | | 14.0 | % | | | 12.9 | % | | | 09/2017 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5 | | TOTAL PROPERTY INVESTMENTS | | | | | | $ | 108,841 | | | $ | 10,409 | | | | 9.6 | % | | | 10.2 | % | | | | |
| | | LOAN INVESTMENTS | | | | | | | | | |
| | | | | Amount ($000) | | | Current Yield | | | Maturity | |
| 1 | | Norcross, GA/ E. Greenbush, NY (3) | | $ | 10,000 | | | | 16.8 | % | | | 06/2013 | |
| 2 | | New York, NY (4) | | $ | 5,760 | | | | 2.2 | % | | | 02/2012 | |
| | | | | | | | | | | | | | | |
| 2 | | TOTAL LOAN INVESTMENTS | | $ | 15,760 | | | | | | | | | |
| | | BUILT-TO-SUIT TRANSACTIONS | | | | | | | | | | | | | | | | | |
| | | | | Property Type | | Sq. Ft. | | | Maximum Loan Commitment ($000) | | | Estimated Purchase Price ($000) | | | Lease Term (Years) | | | Estimated Completion Date | |
| 1 | | Huntington, WV | | Office | | | 70,000 | | | $ | 11,826 | | | $ | 13,000 | | | | 15 | | | | 11/2011 | |
| 2 | | Shreveport, LA | | Industrial | | | 257,000 | | | $ | 2,520 | | | $ | 13,064 | | | | 10 | | | | 06/2012 | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| 2 | | TOTAL BUILD-TO-SUIT TRANSACTIONS | | | | | | | | $ | 14,346 | | | $ | 26,064 | | | | | | | | | |
| | | DISPOSITIONS | | | | | | | | | | | |
| | | Tenants (Guarantors) | | Location | Property Type | | Gross Sale Price ($000) | | | Annualized NOI ($000) | | Month of Disposition |
| 1 | | Vacant | | New Kingstown | PA | Industrial | | $ | 7,000 | | | $ | (293 | ) | April |
| 2 | | Rotron Incorporated (EG&G, Inc.) (5) | | Saugerties | NY | Industrial | | $ | 800 | | | $ | 118 | | April |
| 3 | | Cafeteria Operators, LP (Furrs Restaurant Group, Inc.) | | El Paso | TX | Retail | | $ | 835 | | | $ | 167 | | April |
| 4 | | Brookshire Grocery Company | | Hillsboro | TX | Retail | | $ | 1,592 | | | $ | 158 | | May |
| 5 | | The Kroger Co. | | Houston | TX | Retail | | $ | 2,776 | | | $ | 283 | | May |
| | | | | | | | | | | | | | | | |
| 5 | | TOTAL DISPOSITIONS | | | | | | $ | 13,003 | | | $ | 433 | | |
Footnotes
| | (1) | Acquired from Net Lease Strategic Assets Fund L.P. |
| | (2) | Lexington has an 87% joint venture interest in the property and is entitled to a 15% internal rate of return, including a 9.6% current annual preferred return on its investment. |
| | (3) | Interest rate is 15% for the first year and 18.5% for the second year. |
| | (4) | Lexington has a 50% joint venture interest in this investment and amount represents Lexington's investment. At maturity expected proceeds are $7.8 million. |
| | (5) | Lexington had a 57.8% interest in this property. |
LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011
| Year of Lease Expiration | Date of Lease Expiration | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | |
| OFFICE PROPERTIES | | | | | | | | | | | | | | | | | | | | |
| 2011 | 9/30/2011 | 200 Lucent Ln. | Cary | NC | | | -- | | Alcatel-Lucent USA, Inc. | | | 1999 | | | | 124,944 | | | | 1,174 | | | | 1,029 | |
| | 11/30/2011 | 4000 Johns Creek Pkwy. | Suwanee | GA | | | -- | | PerkinElmer Instruments, LLC | | | 2001 | | | | 13,955 | | | | 279 | | | | 240 | |
| | 12/31/2011 | 37101 Corporate Dr. | Farmington Hills | MI | | | -- | | Continental Automotive Systems, Inc. | | | 2001 | | | | 119,829 | | | | 3,936 | | | | 2,489 | |
| 2012 | 1/31/2012 | 1275 Northwest 128th St. | Clive | IA | | | -- | | Principal Life Insurance Company | | | 2004 | | | | 61,180 | | | | 400 | | | | 400 | |
| | | 4000 Johns Creek Pkwy. | Suwanee | GA | | | -- | | Kraft Foods Global, Inc. | | | 2001 | | | | 73,264 | | | | 722 | | | | 693 | |
| | 3/31/2012 | 120 East Shore Dr. | Glen Allen | VA | | | 16 | | Capital One Services, LLC | | | 2000 | | | | 77,045 | | | | 376 | | | | 387 | |
| | | 1701 Market St. | Philadelphia | PA | | | 4 | | Car-Tel Communications, Inc. | | | 1957/1997 | | | | 1,220 | | | | 24 | | | | 24 | |
| | | 3940 South Teller St. | Lakewood | CO | | | -- | | MoneyGram Payment Systems, Inc. | | | 2002 | | | | 68,165 | | | | 620 | | | | 434 | |
| | 8/31/2012 | 2706 Media Center Dr. | Los Angeles | CA | | | -- | | Sony Electronics, Inc. | | | 2000 | | | | 20,203 | | | | 105 | | | | 105 | |
| | | 5757 Decatur Blvd. | Indianapolis | IN | | | -- | | Allstate Insurance Company | | | 2002 | | | | 84,200 | | | | 687 | | | | 774 | |
| | | | | | | | | | Damar Services, Inc. | | | 2002 | | | | 5,756 | | | | 22 | | | | 22 | |
| | 10/31/2012 | 4455 American Way | Baton Rouge | LA | | | -- | | Bell South Mobility Inc. | | | 1997 | | | | 70,100 | | | | 578 | | | | 557 | |
| | 11/7/2012 | 2706 Media Center Dr. | Los Angeles | CA | | | -- | | Playboy Enterprises, Inc. | | | 2000 | | | | 63,049 | | | | 776 | | | | 629 | |
| | 11/14/2012 | 2211 South 47th St. | Phoenix | AZ | | | -- | | Avnet, Inc. | | | 1997 | | | | 176,402 | | | | 1,204 | | | | 1,130 | |
| | 12/31/2012 | 200 Executive Blvd. South | Southington | CT | | | -- | | Hartford Fire Insurance Company | | | 1984/2006 | | | | 153,364 | | | | 840 | | | | 812 | |
| 2013 | 1/31/2013 | 12600 Gateway Blvd. | Fort Meyers | FL | | | -- | | Gartner, Inc. | | | 1998 | | | | 62,400 | | | | 569 | | | | 546 | |
| | | 810 & 820 Gears Rd. | Houston | TX | | | -- | | IKON Office Solutions, Inc. | | | 2000 | | | | 157,790 | | | | 1,148 | | | | 1,126 | |
| | 3/31/2013 | 3165 McKelvey Rd. | Bridgeton | MO | | | -- | | BJC Health System | | | 1981 | | | | 52,994 | | | | 195 | | | | 263 | |
| | 4/30/2013 | Sandlake Rd./Kirkman Rd. | Orlando | FL | | | -- | | Lockheed Martin Corporation | | | 1982 | | | | 184,000 | | | | 480 | | | | 935 | |
| | 5/31/2013 | 6303 Barfield Rd. | Atlanta | GA | | | -- | | International Business Machines Corporation (Internet Security Systems, Inc.) | | | 2000/2001 | | | | 238,600 | | | | 2,471 | | | | 2,441 | |
| | 6/30/2013 | 2210 Enterprise Dr. | Florence | SC | | | -- | | JPMorgan Chase Bank, National Association | | | 1998 | | | | 179,300 | | | | 628 | | | | 628 | |
| | 9/30/2013 | 9200 South Park Center Loop | Orlando | FL | | | -- | | Corinthian Colleges, Inc. | | | 2003 | | | | 59,927 | | | | 659 | | | | 579 | |
| | 11/30/2013 | 10475 Crosspoint Blvd. | Indianapolis | IN | | | -- | | Yellow Book Sales and Distribution Company, Inc. | | | 1999 | | | | 3,764 | | | | 32 | | | | 32 | |
| | | 1110 Bayfield Dr. | Colorado Springs | CO | | | -- | | Honeywell International Inc. | | 1980/1990/2002 | | | | 166,575 | | | | 0 | | | | 800 | |
| | 12/13/2013 | 3333 Coyote Hill Rd. | Palo Alto | CA | | | -- | | Xerox Corporation | | 1973/1975/1982 | | | | 202,000 | | | | 1,749 | | | | 1,695 | |
| | 12/31/2013 | 2550 Interstate Dr. | Harrisburg | PA | | | -- | | New Cingular Wireless PCS, LLC | | | 1998 | | | | 81,859 | | | | 952 | | | | 935 | |
| 2014 | 1/31/2014 | 1701 Market St. | Philadelphia | PA | | | 4 | | Morgan, Lewis & Bockius, LLP | | | 1957/1997 | | | | 290,565 | | | | 2,232 | | | | 2,232 | |
| | | 850-950 Warrenville Rd. | Lisle | IL | | | -- | | James J. Benes & Associates, Inc. | | | 1984 | | | | 6,347 | | | | 68 | | | | 53 | |
| | 3/15/2014 | 101 East Erie St. | Chicago | IL | | | -- | | Draftfcb, Inc. (Interpublic Group of Companies, Inc.) | | | 1986 | | | | 212,988 | | | | 2,058 | | | | 2,493 | |
| | 5/31/2014 | 3476 Stateview Blvd. | Fort Mill | SC | | | -- | | Wells Fargo Bank, N.A. | | | 2002 | | | | 169,083 | | | | 1,307 | | | | 1,267 | |
| | | 3480 Stateview Blvd. | Fort Mill | SC | | | -- | | Wells Fargo Bank, N.A. | | | 2004 | | | | 169,218 | | | | 1,782 | | | | 1,725 | |
| | | 859 Mount Vernon Hwy. | Atlanta | GA | | | 8 | | International Business Machines Corporation (Internet Security Systems, Inc.) / Problem Solved, LLC (iXP Corporation) | | | 2004 | | | | 50,400 | | | | 628 | | | | 515 | |
| | 7/31/2014 | 16676 Northchase Dr. | Houston | TX | | | -- | | Anadarko Petroleum Corporation | | | 2003 | | | | 101,111 | | | | 825 | | | | 814 | |
| | 8/31/2014 | 850-950 Warrenville Rd. | Lisle | IL | | | -- | | Flexco, Inc. | | | 1984 | | | | 7,535 | | | | 0 | | | | 0 | |
| | 9/30/2014 | 333 Mt. Hope Ave. | Rockaway | NJ | | | -- | | BASF Corporation | | 1981/2002/2004 | | | | 95,500 | | | | 1,122 | | | | 1,061 | |
| | 10/31/2014 | 1409 Centerpoint Blvd. | Knoxville | TN | | | -- | | Alstom Power, Inc. | | | 1997 | | | | 84,404 | | | | 831 | | | | 810 | |
| | | 2800 Waterford Lake Dr. | Midlothian | VA | | | -- | | Alstom Power, Inc. | | | 2000 | | | | 99,057 | | | | 1,035 | | | | 1,007 | |
| | | 700 US Hwy. Route 202-206 | Bridgewater | NJ | | | -- | | Biovail Pharmaceuticals, Inc. (Valeant Pharmaceuticals International, Inc.) | | 1985/2003/2004 | | | | 115,558 | | | | 1,156 | | | | 1,424 | |
| | 12/14/2014 | 22011 Southeast 51st St. | Issaquah | WA | | | -- | | OSI Systems, Inc. (Instrumentarium Corporation) | | | 1987 | | | | 95,600 | | | | 1,005 | | | | 944 | |
| | | 5150 220th Ave. | Issaquah | WA | | | -- | | OSI Systems, Inc. (Instrumentarium Corporation) | | | 1992 | | | | 106,944 | | | | 1,134 | | | | 1,076 | |
| | 12/31/2014 | 1066 Main St. | Forest Park | GA | | | -- | | Bank of America, NA (Bank of America Corporation) | | | 1969 | | | | 14,859 | | | | 100 | | | | 100 | |
| | | 1698 Mountain Industrial Blvd. | Stone Mountain | GA | | | -- | | Bank of America, NA (Bank of America Corporation) | | | 1973 | | | | 5,704 | | | | 48 | | | | 48 | |
| | | 180 South Clinton St. | Rochester | NY | | | -- | | Frontier Corporation | | | 1988/2000 | | | | 226,000 | | | | 1,489 | | | | 1,485 | |
| | | 201 West Main St. | Cumming | GA | | | -- | | Bank of America, NA (Bank of America Corporation) | | | 1968/1982 | | | | 14,208 | | | | 99 | | | | 99 | |
| | | 2223 North Druid Hills Rd. | Atlanta | GA | | | -- | | Bank of America, NA (Bank of America Corporation) | | | 1972 | | | | 6,260 | | | | 56 | | | | 56 | |
| | | 275 Technology Dr. | Canonsburg | PA | | | -- | | ANSYS, Inc. | | | 1996 | | | | 107,872 | | | | 715 | | | | | |
LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011
| | | | | | | | | | |
| Year of Lease Expiration | Date of Lease Expiration | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | |
| OFFICE PROPERTIES | | | | | | | | | | | | | | | | | | | | |
| | | 400 Butler Farm Rd. | Hampton | VA | | | -- | | Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company) | | | 1999 | | | | 100,632 | | | | 627 | | | | 621 | |
| | | 4545 Chamblee – Dunwoody Rd. | Chamblee | GA | | | -- | | Bank of America, NA (Bank of America Corporation) | | | 1972 | | | | 4,565 | | | | 44 | | | | 44 | |
| | | 825 Southway Dr. | Jonesboro | GA | | | -- | | Bank of America, NA (Bank of America Corporation) | | | 1971 | | | | 4,894 | | | | 39 | | | | 39 | |
| | | 956 Ponce de Leon Ave. | Atlanta | GA | | | -- | | Bank of America, NA (Bank of America Corporation) | | | 1975 | | | | 3,900 | | | | 39 | | | | 39 | |
| 2015 | 1/31/2015 | 26555 Northwestern Hwy. | Southfield | MI | | | -- | | Federal-Mogul Corporation | | 1963/1965/1988/1989 | | | | 187,163 | | | | 579 | | | | 709 | |
| | 4/30/2015 | 13775 McLearen Rd. | Herndon | VA | | | -- | | Equant, Inc. (Equant, NV) | | 1985/1986/1992/1999 | | | | 125,293 | | | | 1,081 | | | | 1,067 | |
| | 7/1/2015 | 33 Commercial St. | Foxboro | MA | | | -- | | Invensys Systems, Inc. (Siebe, Inc.) | | | 1982/1987 | | | | 164,689 | | | | 2,907 | | | | 1,781 | |
| | 7/31/2015 | 4001 International Pkwy. | Carrollton | TX | | | -- | | Motel 6 Operating, LP (Accor S.A.) | | | 2003 | | | | 138,443 | | | | 1,599 | | | | 1,597 | |
| | 9/27/2015 | 10001 Richmond Ave. | Houston | TX | | | -- | | Baker Hughes Incorporated | | | 1976 | | | | 554,385 | | | | 6,567 | | | | 3,688 | |
| | | 12645 West Airport Rd. | Sugar Land | TX | | | -- | | Baker Hughes Incorporated | | | 1997 | | | | 165,836 | | | | 1,667 | | | | 971 | |
| | 9/30/2015 | 500 Olde Worthington Rd. | Westerville | OH | | | -- | | InVentiv Communications, Inc. | | | 2000 | | | | 97,000 | | | | 556 | | | | 628 | |
| | | 550 Business Center Dr. | Lake Mary | FL | | | -- | | JPMorgan Chase Bank, National Association | | | 1999 | | | | 125,920 | | | | 917 | | | | 1,048 | |
| | | 600 Business Center Dr. | Lake Mary | FL | | | -- | | JPMorgan Chase Bank, National Association | | | 1996 | | | | 125,155 | | | | 879 | | | | 1,025 | |
| | 10/31/2015 | 12209 West Markham St. | Little Rock | AR | | | -- | | Entergy Arkansas, Inc. | | | 1980 | | | | 36,311 | | | | 118 | | | | 119 | |
| 2016 | 4/30/2016 | 11511 Luna Rd. | Farmers Branch | TX | | | -- | | Haggar Clothing Company (Texas Holding Clothing Corporation and Haggar Corporation) | | | 2000 | | | | 180,507 | | | | 1,131 | | | | 1,594 | |
| | | 2000 Eastman Dr. | Milford | OH | | | -- | | Siemens Corporation | | | 1991 | | | | 221,215 | | | | 1,243 | | | | 994 | |
| | 10/31/2016 | 104 & 110 South Front St. | Memphis | TN | | | -- | | Hnedak Bobo Group, Inc. | | 1871/1980/1988/1999 | | | | 37,229 | | | | 242 | | | | 251 | |
| | 12/31/2016 | 2050 Roanoke Rd. | Westlake | TX | | | -- | | TD Auto Finance LLC | | | 2001 | | | | 130,290 | | | | 1,830 | | | | 1,487 | |
| 2017 | 4/30/2017 | 1315 West Century Dr. | Louisville | CO | | | -- | | Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC) | | | 1987/2006 | | | | 106,877 | | | | 767 | | | | 800 | |
| | 9/30/2017 | 9201 East Dry Creek Rd. | Centennial | CO | | | -- | | The Shaw Group, Inc. | | | 2001/2002 | | | | 128,500 | | | | 1,141 | | | | 1,186 | |
| | 11/30/2017 | 6200 Northwest Pkwy. | San Antonio | TX | | | -- | | United HealthCare Services, Inc. | | | 2000 | | | | 142,500 | | | | 891 | | | | 933 | |
| 2018 | 3/14/2018 | 601 & 701 Experian Pkwy. | Allen | TX | | | -- | | Experian Information Solutions, Inc. (Experian Holdings, Inc.) | | | 1981/1983 | | | | 292,700 | | | | 264 | | | | 264 | |
| | 5/30/2018 | 13651 McLearen Rd. | Herndon | VA | | | -- | | United States of America | | | 1987 | | | | 159,644 | | | | 1,575 | | | | 1,693 | |
| | 6/30/2018 | 100 Barnes Rd. | Wallingford | CT | | | -- | | 3M Company | | 1978/1985/1990/1993 | | | | 44,400 | | | | 228 | | | | 254 | |
| | 7/31/2018 | 4300 Northcorp Pkway | Palm Beach Gardens | FL | | | -- | | Office Suites Plus Properties, Inc. | | | 1996 | | | | 18,400 | | | | 238 | | | | 237 | |
| | 9/30/2018 | 1701 Market St. | Philadelphia | PA | | | 4 | | CBC Restaurant Corp. | | | 1957/1997 | | | | 8,070 | | | | 104 | | | | 105 | |
| | 11/30/2018 | 4201 Marsh Ln. | Carrollton | TX | | | 19 | | Carlson Restaurants, Inc. (Carlson, Inc.) | | | 2003 | | | | 130,000 | | | | 963 | | | | 988 | |
| | 12/22/2018 | 5200 Metcalf Ave. | Overland Park | KS | | | -- | | Swiss Re America Holding Corporation | | 1980/1990/2004/2005 | | | | 320,198 | | | | 2,303 | | | | 2,319 | |
| 2019 | 4/1/2019 | 9201 Stateline Rd. | Kansas City | MO | | | -- | | Swiss Re America Holding Corporation | | 1963/1973/1985/2003 | | | | 155,925 | | | | 1,078 | | | | 1,078 | |
| | 6/19/2019 | 3965 Airways Blvd. | Memphis | TN | | | -- | | Federal Express Corporation | | 1982/1983/1985 | | | | 521,286 | | | | 3,407 | | | | 3,507 | |
| | 6/30/2019 | 275 South Valencia Ave. | Brea | CA | | | -- | | Bank of America, National Association | | | 1983 | | | | 637,503 | | | | 4,355 | | | | 4,314 | |
| | 7/31/2019 | 500 Jackson St. | Columbus | IN | | | -- | | Cummins, Inc. | | | 1984 | | | | 390,100 | | | | 2,213 | | | | 2,270 | |
| | 10/31/2019 | 10475 Crosspoint Blvd. | Indianapolis | IN | | | -- | | John Wiley & Sons, Inc. | | | 1999 | | | | 123,416 | | | | 1,065 | | | | 1,134 | |
| | 12/31/2019 | 850-950 Warrenville Rd. | Lisle | IL | | | -- | | National-Louis University | | | 1984 | | | | 85,532 | | | | 611 | | | | 729 | |
| 2020 | 1/31/2020 | 10300 Kincaid Dr. | Fishers | IN | | | -- | | Roche Diagnostics Operations, Inc. | | | 1999 | | | | 193,000 | | | | 1,665 | | | | 1,712 | |
| | 2/14/2020 | 5600 Broken Sound Blvd. | Boca Raton | FL | | | -- | | Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.) | | | 1983/2002 | | | | 143,290 | | | | 1,081 | | | | 1,122 | |
| | 7/8/2020 | 1460 Tobias Gadsen Blvd. | Charleston | SC | | | -- | | Hagemeyer North America, Inc. | | | 2005 | | | | 50,076 | | | | 390 | | | | 420 | |
| 2021 | 3/31/2021 | 1311 Broadfield Blvd. | Houston | TX | | | -- | | Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.) | | | 2000 | | | | 155,040 | | | | 1,347 | | | | 1,312 | |
| | 6/30/2021 | 1415 Wyckoff Rd. | Wall | NJ | | | -- | | New Jersey Natural Gas Company | | | 1983 | | | | 157,511 | | | | 1,656 | | | | 1,656 | |
| | 8/31/2021 | 333 Three D Systems Circle | Rock Hill | SC | | | -- | | 3D Systems Corporation | | | 2006 | | | | 80,028 | | | | 92 | | | | 100 | |
| | 11/30/2021 | 29 South Jefferson Rd. | Whippany | NJ | | | -- | | CAE SimuFlite, Inc. (HP Whippany, LLC) | | | 2006/2008 | | | | 123,734 | | | | 1,179 | | | | 1,164 | |
| 2022 | 1/31/2022 | 26210 and 26220 Enterprise Court | Lake Forest | CA | | | -- | | Apria Healthcare, Inc. (Apria Healthcare Group, Inc.) | | | 2001 | | | | 100,012 | | | | 674 | | | | 701 | |
| | 3/31/2022 | 11201 Renner Blvd. | Lenexa | KS | | | 7 | | Applebee’s Services, Inc. (DineEquity, Inc.) / United States of America | | | 2007 | | | | 178,000 | | | | 1,808 | | | | 1,483 | |
| | 12/31/2022 | 147 Milk St. | Boston | MA | | | -- | | Harvard Vanguard Medical Associates, Inc. | | | 1910 | | | | 52,337 | | | | 766 | | | | 831 | |
| 2023 | 3/31/2023 | 6555 Sierra Dr. | Irving | TX | | | -- | | TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC) | | | 1999 | | | | 247,254 | | | | 1,493 | | | | 1,476 | |
| | | 8900 Freeport Pkwy. | Irving | TX | | | -- | | Nissan Motor Acceptance Corporation (Nissan North America, Inc.) | | | 2003 | | | | 225,049 | | | | 1,519 | | | | 1,636 | |
| 2025 | 11/30/2025 | 11707 Miracle Hills Dr. | Omaha | NE | | | -- | | Infocrossing, Inc. | | | 1989/1995 | | | | 85,200 | | | | 583 | | | | 583 | |
| | 12/31/2025 | 2005 East Technology Cir. | Tempe | AZ | | | -- | | Infocrossing, Inc. | | | 1998 | | | | 60,000 | | | | 564 | | | | 564 | |
LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011
| Year of Lease Expiration | | Date of Lease Expiration | | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | |
| OFFICE PROPERTIES | | | | | | | | | | | | | | | | | | | | | | |
| 2026 | | 12/29/2026 | | 5500 New Albany Road | Columbus | OH | | | -- | | Evans, Mechwart, Hambleton & Tilton, Inc. | | | 2005 | | | | 104,807 | | | | 760 | | | | 870 | |
| 2029 | | 1/31/2029 | | 6226 West Sahara Ave. | Las Vegas | NV | | | -- | | Nevada Power Company | | | 1983/1994 | | | | 282,000 | | | | 4,035 | | | | 2,126 | |
| | | 12/31/2029 | | 400 East Stone Ave. | Greenville | SC | | | 9 | | Canal Insurance Company | | 1948/1981/1982/1986/1991/2006/2008 | | | | 128,041 | | | | 462 | | | | 0 | |
| N/A | | | N/A | | 1701 Market St. | Philadelphia | PA | | | 4 | | Parking Operators | | | 1957/1997 | | | | 0 | | | | 1,189 | | | | 1,189 | |
| | | | | | | | | | | | | (Available for Lease) | | | 1957/1997 | | | | 5,315 | | | | 0 | | | | 0 | |
| | | | | | 101 East Erie St. | Chicago | IL | | | -- | | (Available for Lease) | | | 1986 | | | | 17,716 | | | | 0 | | | | 0 | |
| | | | | | 10475 Crosspoint Blvd. | Indianapolis | IN | | | -- | | (Available for Lease) | | | 1999 | | | | 13,867 | | | | 0 | | | | 0 | |
| | | | | | 8900 Freeport Pkwy. | Irving | TX | | | -- | | (Available for Lease) | | | 2003 | | | | 43,396 | | | | 0 | | | | 0 | |
| OFFICE TOTAL/WEIGHTED AVERAGE | | | | | | | 99.4% | | | | | | | 12,595,249 | | | $ | 102,847 | | | $ | 96,061 | |
LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011
| Year of Lease Expiration | Date of Lease Expiration | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Sq. Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | |
| INDUSTRIAL PROPERTIES | | | | | | | | | | | | | | | | | | | | |
| 2011 | MTM | 200 Arrowhead Dr. | Hebron | OH | | | -- | | Owens Corning Insulating Systems, LLC | | | 2000 | | | | 400,522 | | | | 409 | | | | 409 | |
| | 8/31/2011 | 191 Arrowhead Dr. | Hebron | OH | | | -- | | Owens Corning Insulating Systems, LLC | | | 1999 | | | | 80,960 | | | | 118 | | | | 118 | |
| 2012 | 2/15/2012 | 1601 Pratt Ave. | Marshall | MI | | | -- | | Enbridge Energy, Limited Partnership | | | 1979 | | | | 58,300 | | | | 89 | | | | 89 | |
| | 8/4/2012 | 101 Michelin Dr. | Laurens | SC | | | -- | | CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) | | | 1991/1993 | | | | 1,164,000 | | | | 1,707 | | | | 1,652 | |
| | | 7111 Crabb Rd. | Temperance | MI | | | -- | | CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) | | | 1978/1993 | | | | 744,570 | | | | 1,144 | | | | 1,107 | |
| | 10/31/2012 | 43955 Plymouth Oaks Blvd. | Plymouth | MI | | | -- | | Tower Automotive Operations USA I, LLC (Tower Automotive Inc.) | | | 1996/1998 | | | | 290,133 | | | | 943 | | | | 917 | |
| | 12/31/2012 | 245 Salem Church Rd. | Mechanicsburg | PA | | | -- | | Exel, Inc. (NFC plc) | | | 1985 | | | | 252,000 | | | | 435 | | | | 433 | |
| 2013 | 5/31/2013 | 2203 Sherrill Dr. | Statesville | NC | | | -- | | Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation) | | | 1999/2002 | | | | 639,800 | | | | 860 | | | | 860 | |
| | 12/31/2013 | 1133 Poplar Creek Rd. | Henderson | NC | | | -- | | Staples, Inc. (Corporate Express, Inc.) | | | 1998/2006 | | | | 196,946 | | | | 438 | | | | 405 | |
| 2014 | 1/1/2014 | 2415 US Hwy. 78 East | Moody | AL | | | -- | | CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) | | | 2004 | | | | 595,346 | | | | 527 | | | | 527 | |
| | 12/31/2014 | 3686 South Central Ave. | Rockford | IL | | | -- | | Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.) | | | 1998 | | | | 90,000 | | | | 202 | | | | 157 | |
| 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 | | | | 238 | | | | 244 | |
| 2016 | 2/28/2016 | 7670 Hacks Cross Rd. | Olive Branch | MS | | | -- | | MAHLE Clevite, Inc. (MAHLE Industries, Incorporated) | | | 1989 | | | | 268,104 | | | | 477 | | | | 458 | |
| | 3/31/2016 | 19500 Bulverde Rd. | San Antonio | TX | | | -- | | Harcourt Inc. (Harcourt General, Inc.) | | | 2001 | | | | 559,258 | | | | 1,748 | | | | 1,715 | |
| | | 2455 Premier Dr. | Orlando | FL | | | -- | | Walgreen Co. | | | 1980 | | | | 205,016 | | | | 254 | | | | 393 | |
| | 5/31/2016 | 291 Park Center Dr. | Winchester | VA | | | -- | | Kraft Foods Global, Inc. | | | 2001 | | | | 344,700 | | | | 771 | | | | 645 | |
| | 8/31/2016 | 10590 Hamilton Ave. | Cincinnati | OH | | | -- | | The Hillman Group, Inc. | | 1991/1994/1995/2005 | | | | 248,200 | | | | 396 | | | | 396 | |
| | 9/30/2016 | 900 Industrial Blvd. | Crossville | TN | | | -- | | Dana Commercial Vehicle Products, LLC | | | 1989/2006 | | | | 222,200 | | | | 342 | | | | 342 | |
| 2017 | 2/28/2017 | 3456 Meyers Ave. | Memphis | TN | | | -- | | Sears Logistics Services | | | 1973 | | | | 780,000 | | | | 796 | | | | 847 | |
| | 6/30/2017 | 7500 Chavenelle Rd. | Dubuque | IA | | | -- | | The McGraw-Hill Companies, Inc. | | | 2001 | | | | 330,988 | | | | 576 | | | | 582 | |
| | 9/30/2017 | 250 Swathmore Ave. | High Point | NC | | | -- | | Steelcase Inc. | | | 2002 | | | | 244,851 | | | | 544 | | | | 543 | |
| | 10/31/2017 | 1420 Greenwood Rd. | McDonough | GA | | | -- | | Versacold USA, Inc. | | | 2000/2007 | | | | 296,972 | | | | 1,322 | | | | 1,298 | |
| 2018 | 6/30/2018 | 1650-1654 Williams Rd. | Columbus | OH | | | -- | | ODW Logistics, Inc. | | | 1973 | | | | 772,450 | | | | 674 | | | | 671 | |
| | 9/30/2018 | 50 Tyger River Dr. | Duncan | SC | | | -- | | Plastic Omnium Auto Exteriors, LLC | | 2005/2007/2008 | | | | 221,833 | | | | 479 | | | | 479 | |
| 2019 | 4/30/2019 | 113 Wells St. | North Berwick | ME | | | -- | | United Technologies Corporation | | | 1965/1980 | | | | 972,625 | | | | 768 | | | | 768 | |
| | 10/17/2019 | 10345 Philipp Pkwy. | Streetsboro | OH | | | -- | | L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.) | | | 2004 | | | | 649,250 | | | | 1,259 | | | | 1,305 | |
| 2020 | 3/31/2020 | 2425 Hwy. 77 North | Waxahachie | TX | | | -- | | James Hardie Building Products, Inc. (James Hardie NV) | | | 1996/2001 | | | | 335,610 | | | | 1,700 | | | | 1,700 | |
| | 6/30/2020 | 3102 Queen Palm Dr. | Tampa | FL | | | -- | | Time Customer Service, Inc. (Time Incorporated) | | | 1986 | | | | 229,605 | | | | 626 | | | | 638 | |
| | 9/30/2020 | 3350 Miac Cove Rd. | Memphis | TN | | | -- | | Mimeo.com, Inc. | | | 1987 | | | | 107,400 | | | | 202 | | | | 187 | |
| | 12/19/2020 | 1901 Ragu Dr. | Owensboro | KY | | | 6 | | Unilever Supply Chain, Inc. (Unilever United States, Inc.) | | 1975/1979/1995 | | | | 443,380 | | | | 524 | | | | 746 | |
| 2021 | 5/31/2021 | 477 Distribution Pkwy. | Collierville | TN | | | -- | | Federal Express Corporation | | 1984/1987/2005 | | | | 120,000 | | | | 240 | | | | 202 | |
| | 9/30/2021 | 3820 Micro Dr. | Millington | TN | | | -- | | Ingram Micro L.P (Ingram Micro Inc.) | | | 1997 | | | | 701,819 | | | | 1,220 | | | | 943 | |
| | 11/30/2021 | 2880 Kenny Biggs Rd. | Lumberton | NC | | | -- | | Quickie Manufacturing Corporation | | 1998/2001/2006 | | | | 423,280 | | | | 647 | | | | 678 | |
| 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 | | | | 673 | | | | 673 | |
| | | 301 Bill Bryan Rd. | Hopkinsville | KY | | | -- | | Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited) | | 1987/1999/2000/2006 | | | | 424,904 | | | | 844 | | | | 844 | |
| | | 4010 Airpark Dr. | Owensboro | KY | | | -- | | Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited) | | | 1998/2001 | | | | 211,598 | | | | 604 | | | | 604 | |
| | | 730 North Black Branch Rd. | Elizabethtown | KY | | | -- | | Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited) | | | 2001 | | | | 167,770 | | | | 268 | | | | 268 | |
| | | 750 North Black Branch Rd. | Elizabethtown | KY | | | -- | | Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited) | | 1995/2000/2001 | | | | 539,592 | | | | 1,419 | | | | 1,419 | |
| | 7/31/2025 | 7005 Cochran Rd. | Glenwillow | OH | | | -- | | Royal Appliance Manufacturing Company | | | 1997 | | | | 458,000 | | | | 972 | | | | 1,126 | |
| 2026 | 3/30/2026 | 121 Technology Dr. | Durham | NH | | | 15 | | Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation) | | 1986/2002/2003 | | | | 500,500 | | | | 607 | | | | 1,269 | |
| | 3/31/2026 | 459 Wingo Road | Byhalia | MS | | | -- | | Asics America Corporation (Asics Corporation) | | | 2011 | | | | 513,734 | | | | 403 | | | | 466 | |
| | 10/31/2026 | 5001 Greenwood Rd. | Shreveport | LA | | | -- | | Libbey Glass Inc. (Libbey Inc.) | | | 2006 | | | | 646,000 | | | | 996 | | | | 1,083 | |
| | 11/30/2026 | 250 Rittenhouse Cir. | Bristol | PA | | | -- | | Northtec LLC (The Estee Lauder Companies Inc.) | | | 1983/1997 | | | | 241,977 | | | | 0 | | | | 94 | |
LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011
| Year of Lease Expiration | | Date of Lease Expiration | | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Sq. Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | |
| INDUSTRIAL PROPERTIES | | | | | | | | | | | | | | | | | | | | | | |
| 2031 | | 5/31/2031 | | 671 Washburn Switch Rd. | Shelby | NC | | | -- | | Clearwater Paper Corporation | | | 2011 | | | | 673,518 | | | | 89 | | | | 108 | |
| N/A | | | N/A | | 191 Arrowhead Dr. | Hebron | OH | | | -- | | (Available for Lease) | | | 1999 | | | | 169,450 | | | | 0 | | | | 0 | |
| | | | | | 3350 Miac Cove Rd. | Memphis | TN | | | -- | | (Available for Lease) | | | 1987 | | | | 32679 | | | | 0 | | | | 0 | |
| INDUSTRIAL TOTAL/WEIGHTED AVERAGE | | | | | | | 98.9% | | | | | | | 18,056,190 | | | $ | 29,550 | | | $ | 30,408 | |
LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011
| Year of Lease Expiration | Date of Lease Expiration | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | |
| RETAIL PROPERTIES | | | | | | | | | | | | | | | | | | | | |
| 2012 | 4/30/2012 | 10415 Grande Ave. | Sun City | AZ | | | -- | | Cafeteria Operators, LP (Furrs Restaurant Group, Inc.) | | | 1982 | | | | 10,000 | | | | 83 | | | | 133 | |
| | | 402 East Crestwood Dr. | Victoria | TX | | | -- | | Cafeteria Operators, LP (Furrs Restaurant Group, Inc.) | | | 1982 | | | | 10,000 | | | | 83 | | | | 58 | |
| | | 4121 South Port Ave. | Corpus Christi | TX | | | -- | | Cafeteria Operators, LP (Furrs Restaurant Group, Inc.) | | | 1980 | | | | 10,000 | | | | 83 | | | | 68 | |
| | | 900 South Canal St. | Carlsbad | NM | | | -- | | Cafeteria Operators, LP (Furrs Restaurant Group, Inc.) | | | 1981 | | | | 10,000 | | | | 83 | | | | 53 | |
| | | 901 West Expwy. | McAllen | TX | | | -- | | Cafeteria Operators, LP (Furrs Restaurant Group, Inc.) | | | 1980 | | | | 10,000 | | | | 83 | | | | 82 | |
| | 5/31/2012 | 3451 Alta Mesa Blvd. | Fort Worth | TX | | | -- | | Minyard Food Stores, Inc. (Safeway Stores, Inc.) | | | 1985 | | | | 44,000 | | | | 152 | | | | 180 | |
| | 6/30/2012 | 1600 East 23rd St. | Chattanooga | TN | | | -- | | BI-LO, LLC | | | 1983 | | | | 42,130 | | | | 67 | | | | 67 | |
| | 11/30/2012 | 101 West Buckingham Rd. | Garland | TX | | | -- | | Minyard Food Stores, Inc. | | | 1982 | | | | 40,000 | | | | 163 | | | | 163 | |
| | | 205 Homer Rd. | Minden | LA | | | -- | | Brookshire Grocery Company (Safeway Stores, Inc.) | | | 1981 | | | | 35,000 | | | | 96 | | | | 143 | |
| 2013 | 2/28/2013 | 1146 Gum Branch Rd. | Jacksonville | NC | | | 18 | | Food Lion, Inc. (Delhaize America, Inc.) | | | 1982/1995 | | | | 23,000 | | | | 42 | | | | 55 | |
| | | 291 Talbert Blvd. | Lexington | NC | | | -- | | Food Lion, Inc. (Delhaize America, Inc.) | | | 1981 | | | | 23,000 | | | | 69 | | | | 69 | |
| | | 3211 West Beverly St. | Staunton | VA | | | -- | | Food Lion, Inc. (Delhaize America, Inc.) | | | 1971 | | | | 23,000 | | | | 83 | | | | 83 | |
| | | S. Carolina 52/52 Bypass | Moncks Corner | SC | | | -- | | Food Lion, Inc. (Delhaize America, Inc.) | | | 1982 | | | | 23,000 | | | | 31 | | | | 62 | |
| | | US 221 & Hospital Rd. | Jefferson | NC | | | -- | | Food Lion, Inc. (Delhaize America, Inc.) | | | 1981 | | | | 23,000 | | | | 36 | | | | 36 | |
| | 7/1/2013 | 1053 Mineral Springs Rd. | Paris | TN | | | -- | | The Kroger Co. | | | 1982 | | | | 31,170 | | | | 80 | | | | 107 | |
| | 10/31/2013 | 1084 East Second St. | Franklin | OH | | | -- | | Marsh Supermarkets, Inc. | | | 1961/1978 | | | | 29,119 | | | | 56 | | | | 79 | |
| | | 130 Midland Ave. | Port Chester | NY | | | -- | | Pathmark Stores, Inc. | | | 1982 | | | | 59,000 | | | | 229 | | | | 598 | |
| | | 5104 North Franklin Rd. | Lawrence | IN | | | -- | | Marsh Supermarkets, Inc. | | | 1958 | | | | 28,721 | | | | 97 | | | | 97 | |
| 2014 | 3/31/2014 | N.E.C. 45th St./Lee Blvd. | Lawton | OK | | | -- | | Associated Wholesale Grocers, Inc. (Safeway Stores, Inc.) | | | 1984 | | | | 30,757 | | | | 93 | | | | 103 | |
| 2015 | 1/31/2015 | 1700 State Route 160 | Port Orchard | WA | | | -- | | Moran Foods, Inc. d/b/a Save-A-Lot, Ltd. | | | 1983 | | | | 16,037 | | | | 41 | | | | 41 | |
| | 5/31/2015 | 24th St. West & St. John’s Ave. | Billings | MT | | | -- | | Safeway Stores, Inc. | | | 1981 | | | | 40,800 | | | | 93 | | | | 166 | |
| 2016 | 5/31/2016 | 12535 Southeast 82nd Ave. | Clackamas | OR | | | -- | | TRU 2005 RE I, LLC | | | 1981 | | | | 42,842 | | | | 153 | | | | 160 | |
| | | 18601 Alderwood Mall Blvd. | Lynnwood | WA | | | -- | | TRU 2005 RE I, LLC | | | 1981/1993 | | | | 43,105 | | | | 141 | | | | 148 | |
| | | 4811 Wesley St. | Greenville | TX | | | -- | | Brookshire Grocery Company (Safeway Stores, Inc.) | | | 1985 | | | | 48,492 | | | | 85 | | | | 121 | |
| | | 6910 South Memorial Hwy. | Tulsa | OK | | | -- | | Toys “R” Us-Delaware, Inc. | | | 1981 | | | | 43,123 | | | | 129 | | | | 135 | |
| 2017 | 3/31/2017 | 1610 South Westmoreland Ave. | Dallas | TX | | | -- | | Malone’s Food Stores, Ltd. | | | 1960 | | | | 70,910 | | | | 181 | | | | 241 | |
| 2018 | 2/26/2018 | 399 Peachwood Centre Dr. | Spartanburg | SC | | | -- | | Best Buy Co., Inc. | | | 1996 | | | | 45,800 | | | | 198 | | | | 198 | |
| | | 4831 Whipple Ave., Northwest | Canton | OH | | | -- | | Best Buy Co., Inc. | | | 1995 | | | | 46,350 | | | | 233 | | | | 233 | |
| | 9/30/2018 | 835 Julian Ave. | Thomasville | NC | | | -- | | Mighty Dollar, LLC | | | 1983 | | | | 23,767 | | | | 35 | | | | 35 | |
| | 10/31/2018 | 10340 U.S. 19 | Port Richey | FL | | | -- | | Kingswere Furniture, LLC | | | 1980 | | | | 53,820 | | | | 173 | | | | 173 | |
| | 12/31/2018 | 1150 West Carl Sandburg Dr. | Galesburg | IL | | | -- | | Kmart Corporation | | | 1992 | | | | 94,970 | | | | 21 | | | | 164 | |
| | | 12080 Carmel Mountain Rd. | San Diego | CA | | | -- | | Sears Holdings Corporation | | | 1993 | | | | 107,210 | | | | 24 | | | | 376 | |
| | | 21082 Pioneer Plaza Dr. | Watertown | NY | | | -- | | Kmart Corporation | | | 1993 | | | | 120,727 | | | | 36 | | | | 241 | |
| | | 255 Northgate Dr. | Manteca | CA | | | -- | | Kmart Corporation | | | 1993 | | | | 107,489 | | | | 38 | | | | 278 | |
| | | 5350 Leavitt Rd. | Lorain | OH | | | -- | | Kmart Corporation | | | 1993 | | | | 193,193 | | | | 54 | | | | 366 | |
| | | 97 Seneca Trail | Fairlea | WV | | | -- | | Kmart Corporation | | | 1993/1999 | | | | 90,933 | | | | 25 | | | | 173 | |
| 2028 | 8/31/2028 | 9803 Edmonds Way | Edmonds | WA | | | -- | | Pudget Consumers Co-op d/b/a PCC Natural Markets | | | 1981 | | | | 35,459 | | | | 301 | | | | 301 | |
| N/A | N/A | 1700 State Route 160 | Port Orchard | WA | | | -- | | (Available for Lease) | | | 1983 | | | | 11,931 | | | | 0 | | | | 0 | |
| | | 4733 Hills & Dales Rd. | Canton | OH | | | 17 | | (Available for Lease) | | | 1987 | | | | 37,214 | | | | 140 | | | | 117 | |
| RETAIL TOTAL/WEIGHTED AVERAGE | | | | | | 97.2% | | | | | | | 1,779,069 | | | | 3,810 | | | | 5,903 | |
LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011
| Year of Lease Expiration | Date of Lease Expiration | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Gross Book Value ($000) (10) | | | Sq.Ft. | | | Percentage Leased | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | | | Debt Balance ($000) | |
| MULTI-TENANT PROPERTIES (14) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Various | Various | 10 John St. | Clinton | CT | | | 6 | | Multi-Tenant | | | 1972 | | | | 3,195 | | | | 41,188 | | | | 0 | % | | | 0 | | | | 0 | | | | 0 | |
| | | 100 East Shore Dr. | Glen Allen | VA | | | -- | | Multi-Tenant | | | 1999 | | | | 11,482 | | | | 68,003 | | | | 100 | % | | | 696 | | | | 641 | | | | 19,305 | |
| | | 100 Light St. | Baltimore | MD | | | 13 | | Multi-Tenant | | | 1973/2009 | | | | 234,598 | | | | 476,459 | | | | 95 | % | | | 2,789 | | | | 3,615 | | | | 0 | |
| | | 140 East Shore Dr. | Glen Allen | VA | | | 12 | | Multi-Tenant | | | 2000 | | | | 13,452 | | | | 79,675 | | | | 72 | % | | | 337 | | | | 405 | | | | 0 | |
| | | 13430 North Black Canyon Fwy. | Phoenix | AZ | | | 11 | | | | 1981/1982/2005/2007/2009 | | | | 16,706 | | | | 138,940 | | | | 100 | % | | | 1,140 | | | | 1,136 | | | | 0 | |
| | | 1500 Hughes Way | Long Beach | CA | | | 5 | | Multi-Tenant | | | 1981 | | | | 63,018 | | | | 490,055 | | | | 68 | % | | | 3,713 | | | | 3,785 | | | | 0 | |
| | | 160 Clairemont Ave. | Decatur | GA | | | -- | | Multi-Tenant | | | 1983 | | | | 20,350 | | | | 121,686 | | | | 78 | % | | | 982 | | | | 982 | | | | 0 | |
| | | 207 Mockingbird Ln. | Johnson City | TN | | | 11 | | Multi-Tenant | | | 1979 | | | | 10,131 | | | | 60,684 | | | | 100 | % | | | 338 | | | | 378 | | | | 0 | |
| | | 2300 Litton Ln. | Hebron | KY | | | 11 | | Multi-Tenant | | | 1986/1996 | | | | 9,740 | | | | 80,441 | | | | 100 | % | | | 247 | | | | 228 | | | | 0 | |
| | | 350 Pine St. | Beaumont | TX | | | 11 | | Multi-Tenant | | | 1981 | | | | 29,625 | | | | 425,198 | | | | 82 | % | | | 2,587 | | | | 2,674 | | | | 0 | |
| | | 4200 Northcorp Pkway | Palm Beach Gardens | FL | | | 11 / 17 | | Multi-Tenant | | | 1996 | | | | 19,362 | | | | 95,080 | | | | 20 | % | | | 302 | | | | 302 | | | | 0 | |
| | | 421 Butler Farm Rd. | Hampton | VA | | | -- | | Multi-Tenant | | | 2000 | | | | 7,363 | | | | 56,564 | | | | 65 | % | | | 301 | | | | 301 | | | | 0 | |
| | | 4848 129th East Ave. | Tulsa | OK | | | 17 | | Multi-Tenant | | | 2000 | | | | 13,018 | | | | 101,100 | | | | 0 | % | | | 120 | | | | 120 | | | | 7,119 | |
| | | 6050 Dana Way | Antioch | TN | | | -- | | Multi-Tenant | | | 1999 | | | | 14,953 | | | | 674,528 | | | | 62 | % | | | 576 | | | | 623 | | | | 0 | |
| | | 6277 Sea Harbor Dr. | Orlando | FL | | | -- | | Multi-Tenant | | | 1984 | | | | 51,781 | | | | 360,307 | | | | 0 | % | | | 19 | | | | 19 | | | | 0 | |
| | | King St./1032 Fort St. Mall | Honolulu | HI | | | 11 / 13 | | Multi-Tenant | | | 1979/2002 | | | | 47,079 | | | | 318,451 | | | | 93 | % | | | 1,288 | | | | 681 | | | | 0 | |
| MULTI-TENANT TOTAL/WEIGHTED AVERAGE | | | | | 67.1% Leased | | | | | | | | | | | 3,588,359 | | | | | | | $ | 15,435 | | | $ | 15,890 | | | $ | 26,424 | |
| TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE | | | | | 95.8% Leased | | | | | | | | | | | 18,805,645 | | | | | | | $ | 122,181 | | | $ | 117,962 | | | | | |
| 1 | Square foot leased or vacant. |
| 2 | Six months ended 6/30/11 cash rent. |
| 3 | Six months ended 6/30/11 GAAP base rent. |
| 4 | Lexington has an 80.5% interest in this property. |
| 5 | Lexington has a 55.0% interest in this property. |
| 6 | Lexington has a 71.1% interest in this property. |
| 7 | Applebee's lease terminates effective 10/31/2011, however new lease with United States of America expires 3/31/2022 |
| 8 | IBM lease expires 05/2013, however, new tenant (Problem Solved, LLC) leases 16,000 sf through 05/2014. |
| 9 | Property is classified as a capital lease for GAAP, accordingly $493 income is included in non-operating income. |
| 10 | Represents GAAP capitalized costs. |
| 11 | Property is collateral for secured credit facility. |
| 12 | Mortgage shown under 100 East Shore Dr., Glen Allen VA. |
| 13 | Includes parking operations. |
| 14 | The multi-tenanted properties incurred approximately $9.4 million in operating expenses, net for the six months ended June 30, 2011. |
| 15 | Heidelberg Americas, Inc. lease expires 3/30/2021, however, new tenant (Goss International Americas, Inc.) lease expires 3/30/2026. |
| 16 | Subsequent to 6/30/2011, lease extended to 5/31/2017. |
| 17 | Amounts represent prior tenant. |
| 18 | Property disposed of subsequent to June 30, 2011. |
| 19 | Subsequent to 6/30/2011, lease extended to 11/30/2022. |
LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 6/30/2011
| Year of Lease Expiration | Date of Lease Expiration | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | |
| NET LEASE STRATEGIC ASSETS FUND PROPERTIES | |
| 2012 | 5/31/2012 | 101 Creger Dr. | Ft. Collins | CO | | | -- | | Lithia Real Estate, Inc. (Lithia Motors, Inc.) | | | 1982 | | | | 10,000 | | | | 137 | | | | 118 | |
| 2013 | 5/31/2013 | 2401 Cherahala Blvd. | Knoxville | TN | | | -- | | AdvancePCS | | | 2002 | | | | 59,748 | | | | 450 | | | | 450 | |
| | 6/30/2013 | 420 Riverport Rd. | Kingsport | TN | | | -- | | Kingsport Power Company | | | 1981 | | | | 42,770 | | | | 155 | | | | 153 | |
| | 10/14/2013 | 3943 Denny Ave. | Pascagoula | MS | | | -- | | Northrop Grumman Systems Corporation | | | 1995 | | | | 94,841 | | | | 319 | | | | 319 | |
| | 12/31/2013 | 120 Southeast Pkwy. Dr. | Franklin | TN | | | -- | | Essex Group, Inc. (United Technologies Corporation) | | | 1970/1983 | | | | 289,330 | | | | 367 | | | | 327 | |
| 2014 | 1/31/2014 | 109 Stevens St. | Jacksonville | FL | | | -- | | Wagner Industries, Inc. | | | 1959/1967 | | | | 168,800 | | | | 73 | | | | 118 | |
| | | 1401 & 1501 Nolan Ryan Pkwy. | Arlington | TX | | | -- | | Siemens Corporation | | | 2003 | | | | 236,547 | | | | 1,362 | | | | 1,340 | |
| | 4/30/2014 | 12000 & 12025 Tech Center Dr. | Livonia | MI | | | -- | | Kelsey-Hayes Company (TRW Automotive, Inc.) | | 1987/1988/1990 | | | | 180,230 | | | | 1,041 | | | | 1,037 | |
| | 6/30/2014 | 70 Mechanic St. | Foxboro | MA | | | -- | | Invensys Systems, Inc. (Siebe, Inc.) | | 1965/1967/1971 | | | | 251,914 | | | | 3,182 | | | | 2,976 | |
| | 12/31/2014 | 324 Industrial Park Rd. | Franklin | NC | | | -- | | SKF USA Inc. | | | 1996 | | | | 72,868 | | | | 212 | | | | 212 | |
| 2015 | 6/30/2015 | 1700 47th Ave North | Minneapolis | MN | | | -- | | Owens Corning Roofing and Asphalt, LLC | | | 2003 | | | | 18,620 | | | | 306 | | | | 306 | |
| | | 2500 Patrick Henry Pkwy. | McDonough | GA | | | -- | | Georgia Power Company | | | 1999 | | | | 111,911 | | | | 760 | | | | 768 | |
| | | 2935 Van Vactor Dr. | Plymouth | IN | | | -- | | Bay Valley Foods, LLC | | | 2000/2003 | | | | 300,500 | | | | 401 | | | | 405 | |
| | | 3711 San Gabriel | Mission | TX | | | -- | | VoiceStream PCS II Corporation (T-Mobile USA, Inc.) | | | 2003 | | | | 75,016 | | | | 525 | | | | 510 | |
| | 9/27/2015 | 2529 West Thorne Dr. | Houston | TX | | | -- | | Baker Hughes Incorporated | | | 1982/1999 | | | | 65,500 | | | | 480 | | | | 419 | |
| | | 9110 Grogans Mill Rd. | The Woodlands | TX | | | -- | | Baker Hughes Incorporated | | | 1992 | | | | 275,750 | | | | 1,738 | | | | 1,566 | |
| | 10/31/2015 | 5201 West Barraque St. | Pine Bluff | AR | | | -- | | Entergy Arkansas Inc. | | 1964/1972/1988 | | | | 27,189 | | | | 96 | | | | 96 | |
| 2016 | 1/31/2016 | 1600 Eberhardt Rd. | Temple | TX | | | -- | | Nextel of Texas, Inc. (Nextel Finance Company) | | | 2001 | | | | 108,800 | | | | 825 | | | | 808 | |
| | 5/31/2016 | 1200 Jupiter Rd. | Garland | TX | | | -- | | Raytheon Company | | | 1980 | | | | 278,759 | | | | 753 | | | | 981 | |
| | 7/14/2016 | 1400 Northeast McWilliams Rd. | Bremerton | WA | | | -- | | Nextel West Corp. | | | 2002 | | | | 60,200 | | | | 542 | | | | 565 | |
| | 11/30/2016 | 736 Addison Rd. | Erwin | NY | | | -- | | Corning Incorporated | | | 2006 | | | | 408,000 | | | | 604 | | | | 604 | |
| 2017 | 4/30/2017 | 3600 Army Post Rd. | Des Moines | IA | | | -- | | HP Enterprise Services, LLC | | | 2000 | | | | 405,000 | | | | 1,529 | | | | 1,416 | |
| | 12/31/2017 | 11411 North Kelly Ave. | Oklahoma City | OK | | | -- | | American Golf Corporation | | | 1991/1996 | | | | 13,924 | | | | 238 | | | | 239 | |
| 2018 | 8/31/2018 | 3500 North Loop Rd. | McDonough | GA | | | -- | | Litton Loan Servicing, LP | | | 2007 | | | | 62,218 | | | | 588 | | | | 588 | |
| | 9/30/2018 | 904 Industrial Rd. | Marshall | MI | | | -- | | Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.) | | 1968/1972/2008 | | | | 246,508 | | | | 382 | | | | 401 | |
| 2019 | 1/31/2019 | 2999 Southwest 6th St. | Redmond | OR | | | -- | | VoiceStream PCS I LLC (T-Mobile USA, Inc.) | | | 2004 | | | | 77,484 | | | | 771 | | | | 786 | |
| | 6/28/2019 | 3265 East Goldstone Dr. | Meridian | ID | | | -- | | VoiceStream PCS Holding, LLC (T-Mobile USA, Inc.) | | | 2004 | | | | 77,484 | | | | 644 | | | | 682 | |
| | 10/31/2019 | 17191 St. Luke's Way | The Woodlands | TX | | | -- | | Montgomery County Management Company, LLC | | | 2004 | | | | 41,000 | | | | 399 | | | | 493 | |
| | | 9601 Renner Blvd. | Lenexa | KS | | | -- | | VoiceStream PCS II Corporation (T-Mobile USA, Inc.) | | | 2004 | | | | 77,484 | | | | 660 | | | | 696 | |
| | 7/15/2019 | 19019 North 59th Ave. | Glendale | AZ | | | -- | | Honeywell International Inc. | | 1986/1997/2000 | | | | 252,300 | | | | 1,226 | | | | 1,421 | |
| 2020 | 5/31/2020 | 359 Gateway Dr. | Lavonia | GA | | | -- | | TI Group Automotive Systems, LLC (TI Automotive Ltd.) | | | 2005 | | | | 133,221 | | | | 600 | | | | 600 | |
| | 6/30/2020 | 10419 North 30th St. | Tampa | FL | | | -- | | Time Customer Service, Inc. (Time Incorporated) | | | 1986 | | | | 132,981 | | | | 664 | | | | 678 | |
| | 8/31/2020 | First Park Dr. | Oakland | ME | | | -- | | Omnipoint Holdings, Inc. (T-Mobile USA, Inc.) | | | 2005 | | | | 78,610 | | | | 654 | | | | 575 | |
| | 11/30/2020 | 11555 University Blvd. | Sugar Land | TX | | | -- | | KS Management Services, LLP (St. Luke’s Episcopal Health System Corporation) | | | 2005 | | | | 72,683 | | | | 613 | | | | 626 | |
| 2021 | 9/30/2021 | 265 Lehigh St. | Allentown | PA | | | -- | | Pennsylvania School of Business, Inc. | | | 1980 | | | | 22,392 | | | | 0 | | | | 0 | |
| | 10/25/2021 | 6938 Elm Valley Dr. | Kalamazoo | MI | | | -- | | Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited) | | | 1999/2004 | | | | 150,945 | | | | 921 | | | | 966 | |
| 2022 | 6/30/2022 | 8555 South River Pkwy. | Tempe | AZ | | | 4 | | ASM Lithography, Inc. (ASM Lithography Holding N.V.) / DuPont Airproducts Nanomaterials L.L.C. | | | 1998 | | | | 95,133 | | | | 1,177 | | | | 1,105 | |
| | 7/31/2022 | 1440 East 15th St. | Tucson | AZ | | | -- | | CoxCom, Inc. | | | 1988 | | | | 28,591 | | | | 273 | | | | 275 | |
| 2025 | 7/14/2025 | 590 Ecology Ln. | Chester | SC | | | -- | | Owens Corning | | | 2001/2005 | | | | 420,597 | | | | 1,093 | | | | 1,084 | |
| 2026 | 8/31/2026 | 25500 State Hwy. 249 | Tomball | TX | | | -- | | Parkway Chevrolet, Inc. (Raymond Durdin and Jean W. Durdin) | | | 2005 | | | | 77,076 | | | | 668 | | | | 758 | |
Property Leases and Vacancies - Net Lease Strategic Assets Fund Portfolio - 6/30/2011
| Year of Lease Expiration | | Date of Lease Expiration | | Property Location | City | State | | Note | | Primary Tenant (Guarantor) | | Year Built/ Renovated/ Expanded | | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2011 ($000) (2) | | | GAAP Base Rent as of 6/30/2011 ($000) (3) | |
| 2027 | | 4/30/2027 | | 2424 Alpine Rd. | Eau Claire | WI | | | -- | | Silver Spring Gardens, Inc. (Huntsinger Farms, Inc.) | | | 2005 | | | | 159,000 | | | | 465 | | | | 586 | |
| N/A | | | N/A | | 265 Lehigh St. | Allentown | PA | | | 5 | | (Available for Lease) | | | 1980 | | | | 48,838 | | | | 124 | | | | 2,636 | |
| NET LEASE STRATEGIC ASSETS FUND TOTAL/WEIGHTED AVERAGE | | | | 99.2% Leased | | | | | | $ | 5,810,736 | | | $ | 28,017 | | | $ | 30,689 | |
Footnotes
| 1 | Square foot leased or vacant. |
| 2 | Six months ended 6/30/2011 cash rent. |
| 3 | Six months ended 6/30/2011 GAAP base rent. |
| 4 | ASM Lithography, Inc. leases expires 6/30/2013, however, tenant (DuPont Aurproducts Nanomaterials LLC) lease expires 6/30/2022. |
| 5 | Amounts represent prior tenant. |
LEXINGTON REALTY TRUST
Lease Rollover Schedule by Property Type - Cash Basis
6/30/2011
| | | Office | | | Industrial | | | Retail | |
| Year | | Net Rentable Area | | | Cash Rent as of 6/30/2011 ($000) | | | Annual Rent PSF | | | Net Rentable Area | | | Cash Rent as of 6/30/2011 ($000) | | | Annual Rent PSF | | | Net Rentable Area | | | Cash Rent as of 6/30/2011 ($000) | | | Annual Rent PSF | |
| 2011 | | | 258,728 | | | $ | 5,389 | | | $ | 41.66 | | | | 481,482 | | | $ | 527 | | | $ | 2.19 | | | | - | | | $ | - | | | $ | - | |
| 2012 | | | 853,948 | | | $ | 6,354 | | | $ | 14.88 | | | | 2,509,003 | | | $ | 4,318 | | | $ | 3.44 | | | | 211,130 | | | $ | 893 | | | $ | 8.46 | |
| 2013 | | | 1,389,209 | | | $ | 8,883 | | | $ | 12.79 | | | | 836,746 | | | $ | 1,298 | | | $ | 3.10 | | | | 263,010 | | | $ | 723 | | | $ | 5.50 | |
| 2014 | | | 2,093,204 | | | $ | 18,439 | | | $ | 17.62 | | | | 685,346 | | | $ | 729 | | | $ | 2.13 | | | | 30,757 | | | $ | 93 | | | $ | 6.05 | |
| 2015 | | | 1,720,195 | | | $ | 16,870 | | | $ | 14.69 | | | | 150,000 | | | $ | 238 | | | $ | 3.17 | | | | 56,837 | | | $ | 134 | | | $ | 4.72 | |
| 2016 | | | 569,241 | | | $ | 4,446 | | | $ | 15.62 | | | | 1,847,478 | | | $ | 3,988 | | | $ | 4.32 | | | | 177,562 | | | $ | 508 | | | $ | 5.72 | |
| 2017 | | | 377,877 | | | $ | 2,799 | | | $ | 14.81 | | | | 1,652,811 | | | $ | 3,238 | | | $ | 3.92 | | | | 70,910 | | | $ | 181 | | | $ | 5.11 | |
| 2018 | | | 973,412 | | | $ | 5,675 | | | $ | 14.27 | | | | 994,283 | | | $ | 1,153 | | | $ | 2.32 | | | | 884,259 | | | $ | 837 | | | $ | 3.72 | |
| 2019 | | | 1,913,762 | | | $ | 12,729 | | | $ | 13.30 | | | | 1,621,875 | | | $ | 2,027 | | | $ | 2.50 | | | | - | | | $ | - | | | $ | - | |
| 2020 | | | 386,366 | | | $ | 3,136 | | | $ | 16.23 | | | | 1,115,995 | | | $ | 3,052 | | | $ | 5.47 | | | | - | | | $ | - | | | $ | - | |
| 2021 | | | 516,313 | | | $ | 4,274 | | | $ | 17.47 | | | | 1,245,099 | | | $ | 2,107 | | | $ | 3.38 | | | | - | | | $ | - | | | $ | - | |
| 2022 | | | 330,349 | | | $ | 3,248 | | | $ | 19.66 | | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | |
| 2023 | | | 472,303 | | | $ | 3,012 | | | $ | 12.75 | | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | |
| 2024 | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | |
| 2025 | | | 145,200 | | | $ | 1,147 | | | $ | 15.80 | | | | 2,138,214 | | | $ | 4,780 | | | $ | 4.47 | | | | - | | | $ | - | | | $ | - | |
| 2026 | | | 104,807 | | | $ | 760 | | | $ | 14.50 | | | | 1,902,211 | | | $ | 2,006 | | | $ | 3.03 | | | | - | | | $ | - | | | $ | - | |
| 2027 | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | |
| 2028 | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | | | | 35,459 | | | $ | 301 | | | $ | 16.98 | |
| 2029 | | | 410,041 | | | $ | 4,497 | | | $ | 21.93 | | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | |
| 2030 | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | | | | - | | | $ | - | | | $ | - | |
| 2031 | | | - | | | $ | - | | | $ | - | | | | 673,518 | | | $ | 89 | | | $ | 3.18 | | | | - | | | $ | - | | | $ | - | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total/Weighted Average (1) | | | 12,514,955 | | | $ | 101,658 | | | $ | 15.81 | | | | 17,854,061 | | | $ | 29,550 | | | $ | 3.52 | | | | 1,729,924 | | | $ | 3,670 | | | $ | 5.17 | |
Footnotes
| (1) | Total shown may differ from detailed amounts due to rounding and does not include multi-tenant properties and parking operations. |
LEXINGTON REALTY TRUST
Lease Rollover Schedule - GAAP Basis
6/30/2011
| Year | | Number of Leases Expiring | | | GAAP Base Rent as of 6/30/2011 ($000) | | | Percent of GAAP Base Rent as of 6/30/2011 | |
| 2011 | | | 5 | | | $ | 4,285 | | | | 3.3 | % |
| 2012 | | | 26 | | | $ | 11,112 | | | | 8.5 | % |
| 2013 | | | 22 | | | $ | 12,431 | | | | 9.5 | % |
| 2014 | | | 27 | | | $ | 19,428 | | | | 14.8 | % |
| 2015 | | | 13 | | | $ | 13,084 | | | | 10.0 | % |
| 2016 | | | 14 | | | $ | 8,839 | | | | 6.7 | % |
| 2017 | | | 8 | | | $ | 6,430 | | | | 4.9 | % |
| 2018 | | | 19 | | | $ | 9,247 | | | | 7.1 | % |
| 2019 | | | 8 | | | $ | 15,105 | | | | 11.5 | % |
| 2020 | | | 7 | | | $ | 6,525 | | | | 5.0 | % |
| 2021 | | | 7 | | | $ | 6,055 | | | | 4.6 | % |
| 2022 | | | 3 | | | $ | 3,015 | | | | 2.3 | % |
| 2023 | | | 2 | | | $ | 3,112 | | | | 2.4 | % |
| 2024 | | | - | | | $ | - | | | | - | |
| 2025 | | | 8 | | | $ | 6,081 | | | | 4.6 | % |
| 2026 | | | 5 | | | $ | 3,782 | | | | 2.9 | % |
| 2027 | | | - | | | $ | - | | | | - | |
| 2028 | | | 1 | | | $ | 301 | | | | 0.2 | % |
| 2029 | | | 2 | | | $ | 2,126 | | | | 1.6 | % |
| 2030 | | | - | | | $ | - | | | | - | |
| 2031 | | | 1 | | | $ | 108 | | | | 0.1 | % |
| | | | | | | | | | | | | |
Total (1) | | | 178 | | | $ | 131,066 | | | | 100.0 | % |
Footnotes
(1) Total shown may differ from detailed amounts due to rounding and does not include multi-tenant properties and parking operations
Mortgage Loans Receivable
6/30/2011
| Collateral | | | | | | | | | | | | | | | | | | |
| | City | State | | Loan Balance ($000)(1) | | | Interest Rate | | | Maturity Date | | | Current Estimated Annual Debt Service ($000)(2) | | | Balloon Payment ($000) | | | Escrow Balance ($000) | |
| Medical Facilities | Various | TX | | $ | 9,568 | | | | 16.00 | % | | | 12/2011 | | | $ | 1,182 | | | $ | 9,500 | | | $ | - | |
| Office | Glendale (3) | AZ | | $ | 13,284 | | | | 7.40 | % | | | 08/2011 | | | $ | - | | | $ | 13,368 | | | $ | 1,850 | |
| | Tampa (3) | FL | | $ | 7,535 | | | | 6.93 | % | | | 08/2011 | | | $ | 101 | | | $ | 7,479 | | | $ | - | |
| | Schaumburg (4) | IL | | $ | 19,058 | | | | 15.00 | % | | | 01/2012 | | | $ | - | | | $ | 19,058 | | | $ | - | |
| | Wilsonville (5) | OR | | $ | 7,005 | | | | 5.46 | % | | | 12/2012 | | | $ | - | | | $ | - | | | $ | 1,458 | |
| | Westmont (6) | IL | | $ | 27,378 | | | | 6.45 | % | | | 10/2015 | | | $ | 2,090 | | | $ | 25,731 | | | $ | 4,156 | |
| | Southfield | MI | | $ | 8,396 | | | | 4.55 | % | | | 02/2015 | | | $ | 1,282 | | | $ | 5,810 | | | $ | - | |
| Industrial | New Kingstown | PA | | $ | 2,985 | | | | 7.78 | % | | | 01/2013 | | | $ | 323 | | | $ | 2,826 | | | $ | 635 | |
| | Norcross/ E. Greenbush (7) | GA/NY | | $ | 10,075 | | | | 16.75 | % | | | 06/2013 | | | $ | 1,732 | | | $ | 10,873 | | | $ | - | |
| Retail | Various | Various | | $ | 3,232 | | | | 8.00 | % | | | 07/2012 | | | $ | 2,268 | | | $ | - | | | $ | - | |
| | Austin | TX | | $ | 1,605 | | | | 16.00 | % | | | 10/2018 | | | $ | - | | | $ | 5,104 | | | $ | - | |
| | Various | Various | | $ | 1,457 | | | | 8.00 | % | | | 02/2021 | | | $ | 219 | | | $ | - | | | $ | - | |
| | Various | Various | | $ | 822 | | | | 8.00 | % | | | 12/2021 | | | $ | 133 | | | $ | - | | | $ | - | |
| | Various | Various | | $ | 873 | | | | 8.00 | % | | | 03/2022 | | | $ | 83 | | | $ | - | | | $ | - | |
| | Total Mortgage Loans Receivable | | $ | 113,273 | | | | | | | | | | | $ | 9,413 | | | $ | 99,749 | | | $ | 8,099 | |
Footnotes
| (1) | Includes accrued interest receivable and excludes net origination fees of $227. |
| (2) | Remaining collections for debt less than 12 months to maturity, all others are debt service for next 12 months. |
| (3) | Borrower is Net Lease Strategic Assets Fund L.P., amounts fully repaid subsequent to June 30, 2011. |
| (4) | Interest only payments to the extent of operating cash flow of underlying assets. |
| (5) | Borrower in default; deed-in-lieu of foreclosure expected to occur. |
| (6) | Escrow balance includes $3,953 in a collateral escrow account maintained by the borrower. |
| (7) | Interest rate is 15.0% for the first year and 18.5% for the second year. Debt service commences 02/2012. |
LEXINGTON REALTY TRUST
2011 Second Quarter Financing Summary
| | | NEW PROPERTY LEVEL FINANCING | | | | | | | | | | | | | | |
| | | | | Face ($000) | | | Rate | | | Maturity | | | | | |
| 1 | | | | $ | 15,000 | | | | 4.71 | % | | | 01/2014 | | | | | |
| | | | | $ | 15,000 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| | | | | Face ($000) | | | Satisfaction ($000) | | | Rate | | | Due Date | |
| 1 | | | | $ | 3,187 | | | $ | 3,187 | | | | 4.93 | % | | | 05/2011 | |
| | | TOTAL | | $ | 3,187 | | | $ | 3,187 | | | | | | | | | |
Footnotes
| (1) | Interest only payments through maturity. |
LEXINGTON REALTY TRUST
Debt Maturity Schedule
6/30/2011
($000)
| Consolidated Properties | |
| Year | | Real Estate Scheduled Amortization | | | Real Estate Balloon Payments | | | Corporate Debt | |
| 2011 | | $ | 10,097 | | | $ | 9,690 | | | $ | - | |
| 2012 | | | 28,921 | | | | 182,004 | | | | 62,150 | (1) |
| 2013 | | | 25,397 | | | | 234,937 | | | | 60,551 | |
| 2014 | | | 23,644 | | | | 229,068 | | | | - | |
| 2015 | | | 14,995 | | | | 269,399 | | | | - | |
| | | $ | 103,054 | | | $ | 925,098 | | | $ | 122,701 | |
| Non-Consolidated Investments - LXP Proportionate Share | | | | |
| Year | | Real Estate Scheduled Amortization | | | Real Estate Balloon Payments | | | | |
| 2011 | | $ | 939 | | | $ | 3,127 | (2) | | | | |
| 2012 | | | 2,767 | | | | 3,323 | | | | | |
| 2013 | | | 2,907 | | | | 2,496 | | | | | |
| 2014 | | | 2,527 | | | | 4,061 | | | | | |
| 2015 | | | 2,462 | | | | 6,960 | | | | | |
| | | $ | 11,602 | | | $ | 19,967 | | | | | |
Footnotes
| (1) | Assumes debt is put to Lexington in 2012, stated maturity date is January, 2027. |
| (2) | Amount is due to Lexington and has been fully repaid subsequent to June 30, 2011. |
LEXINGTON REALTY TRUST
2012 Mortgage Maturities by Property Type
6/30/2011
| | Property Location | City | State | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2011 ($000) | | | GAAP Base Rent as of 6/30/2011 ($000) | |
| Industrial | 291 Park Center Dr. | Winchester | VA | | | 344,700 | | | $ | 9,690 | | | | 08/2011 | | | | 05/2016 | | | $ | 18,865 | | | $ | 771 | | | $ | 645 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total 2011 Mortgage Maturities | | | 344,700 | | | $ | 9,690 | | | | | | | | | | | $ | 18,865 | | | $ | 771 | | | $ | 645 | |
LEXINGTON REALTY TRUST
2012 Mortgage Maturities by Property Type
6/30/2011
| | Property Location | City | State | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2011 ($000) | | | GAAP Base Rent as of 6/30/2011 ($000) | |
| Office | 1315 West Century Dr. | Louisville | CO | | | 106,877 | | | $ | 7,195 | | | | 01/2012 | | | | 04/2017 | | | $ | 16,933 | | | $ | 767 | | | $ | 800 | |
| | 2000 Eastman Dr. | Milford | OH | | | 221,215 | | | $ | 12,686 | | | | 02/2012 | | | | 04/2016 | | | $ | 26,641 | | | $ | 1,243 | | | $ | 994 | |
| | 26210 and 26220 Enterprise Court | Lake Forest | CA | | | 100,012 | | | $ | 9,708 | | | | 02/2012 | | | | 01/2022 | | | $ | 17,211 | | | $ | 674 | | | $ | 701 | |
| | 200 Lucent Ln. | Cary | NC | | | 124,944 | | | $ | 12,543 | | | | 05/2012 | | | | 09/2011 | | | $ | 23,881 | | | $ | 1,174 | | | $ | 1,029 | |
| | 2050 Roanoke Rd. | Westlake | TX | | | 130,290 | | | $ | 17,829 | | | | 05/2012 | | | | 12/2016 | | | $ | 32,697 | | | $ | 1,830 | | | $ | 1,487 | |
| | 3940 South Teller St. | Lakewood | CO | | | 68,165 | | | $ | 7,890 | | | | 05/2012 | | | | 03/2012 | | | $ | 12,155 | | | $ | 620 | | | $ | 434 | |
| | 37101 Corporate Dr. | Farmington Hills | MI | | | 119,829 | | | $ | 17,724 | | | | 09/2012 | | | | 12/2011 | | | $ | 12,899 | | | $ | 3,936 | | | $ | 2,489 | |
| | 4455 American Way | Baton Rouge | LA | | | 70,100 | | | $ | 5,948 | | | | 10/2012 | | | | 10/2012 | | | $ | 13,868 | | | $ | 578 | | | $ | 557 | |
| | 1110 Bayfield Dr. | Colorado Springs | CO | | | 166,575 | | | $ | 10,272 | | | | 12/2012 | | | | 11/2013 | | | $ | 19,579 | | | $ | - | | | $ | 800 | |
| Industrial | 245 Salem Church Rd. | Mechanicsburg | PA | | | 252,000 | | | $ | 4,514 | | | | 01/2012 | | | | 12/2012 | | | $ | 9,051 | | | $ | 435 | | | $ | 433 | |
| | 3820 Micro Dr. | Millington | TN | | | 701,819 | | | $ | 16,222 | | | | 05/2012 | | | | 09/2021 | | | $ | 24,870 | | | $ | 1,220 | | | $ | 943 | |
| | 101 Michelin Dr. | Laurens | SC | | | 1,164,000 | | | $ | 14,022 | | | | 09/2012 | | | | 08/2012 | | | $ | 34,370 | | | $ | 1,707 | | | $ | 1,652 | |
| | 7111 Crabb Rd. | Temperance | MI | | | 744,570 | | | $ | 9,400 | | | | 09/2012 | | | | 08/2012 | | | $ | 21,188 | | | $ | 1,144 | | | $ | 1,107 | |
| | 19500 Bulverde Rd. | San Antonio | TX | | | 559,258 | | | $ | 26,025 | | | | 10/2012 | | | | 03/2016 | | | $ | 41,882 | | | $ | 1,748 | | | $ | 1,715 | |
| | 43955 Plymouth Oaks Blvd. | Plymouth | MI | | | 290,133 | | | $ | 10,026 | | | | 12/2012 | | | | 10/2012 | | | $ | 19,161 | | | $ | 943 | | | $ | 917 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total 2012 Mortgage Maturities | | | | | 4,819,787 | | | $ | 182,004 | | | | | | | | | | | $ | 326,386 | | | $ | 18,019 | | | $ | 16,058 | |
Footnotes
| (1) | Represents GAAP capitalized costs as of June 30, 2011. |
LEXINGTON REALTY TRUST
2013 Mortgage Maturities by Property Type
6/30/2011
| | Property Location | City | State | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2011 ($000) | | | GAAP Base Rent as of 6/30/2011 ($000) | |
| Office | 3476 Stateview Blvd. | Fort Mill | SC | | | 169,083 | | | $ | 9,904 | | | | 01/2013 | | | | 05/2014 | | | $ | 18,079 | | | $ | 1,307 | | | $ | 1,267 | |
| | 9201 East Dry Creek Rd. | Centennial | CO | | | 128,500 | | | $ | 13,555 | | | | 02/2013 | | | | 09/2017 | | | $ | 26,922 | | | $ | 1,141 | | | $ | 1,186 | |
| | 12600 Gateway Blvd. | Fort Meyers | FL | | | 62,400 | | | $ | 8,550 | | | | 05/2013 | | | | 01/2013 | | | $ | 13,561 | | | $ | 569 | | | $ | 546 | |
| | 200 Executive Blvd. South | Southington | CT | | | 153,364 | | | $ | 12,228 | | | | 05/2013 | | | | 12/2012 | | | $ | 26,737 | | | $ | 840 | | | $ | 812 | |
| | 275 South Valencia Ave. | Brea | CA | | | 637,503 | | | $ | 73,071 | | | | 05/2013 | | | | 06/2019 | | | $ | 118,929 | | | $ | 4,355 | | | $ | 4,314 | |
| | 5757 Decatur Blvd. | Indianapolis | IN | | | 89,956 | | | $ | 8,580 | | | | 05/2013 | | | | 08/2012 | | | $ | 15,220 | | | $ | 709 | | | $ | 796 | |
| | 810 & 820 Gears Rd. | Houston | TX | | | 157,790 | | | $ | 15,737 | | | | 05/2013 | | | | 01/2013 | | | $ | 26,819 | | | $ | 1,148 | | | $ | 1,126 | |
| | 8900 Freeport Pkwy. | Irving | TX | | | 268,445 | | | $ | 36,466 | | | | 05/2013 | | | | 03/2023 | | | $ | 60,114 | | | $ | 1,519 | | | $ | 1,636 | |
| | 6303 Barfield Rd. | Atlanta | GA | | | 238,600 | | | $ | 40,356 | | | | 05/2013 | | | | 05/2013 | | | $ | 62,264 | | | $ | 2,471 | | | $ | 2,441 | |
| | 2211 South 47th St. | Phoenix | AZ | | | 176,402 | | | $ | 16,490 | | | | 09/2013 | | | | 11/2012 | | | $ | 24,631 | | | $ | 1,204 | | | $ | 1,130 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total 2013 Mortgage Maturities | | | 2,082,043 | | | $ | 234,937 | | | | | | | | | | | $ | 393,276 | | | $ | 15,263 | | | $ | 15,254 | |
Footnotes
| (1) | Represents GAAP capitalized costs as of June 30, 2011. |
LEXINGTON REALTY TRUST
2014 Mortgage Maturities by Property Type
6/30/2011
| | Property Location | City | State | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2011 ($000) | | | GAAP Base Rent as of 6/30/2011 ($000) | |
| Office | 33 Commercial St. | Foxboro | MA | | | 164,689 | | | $ | - | | | | 01/2014 | | | | 07/2015 | | | $ | 29,238 | | | $ | 2,907 | | | $ | 1,781 | |
| | 1275 Northwest 128th St. | Clive | IA | | | 61,180 | | | $ | 5,151 | | | | 05/2014 | | | | 01/2012 | | | $ | 10,599 | | | $ | 400 | | | $ | 400 | |
| | 3480 Stateview Blvd. | Fort Mill | SC | | | 169,218 | | | $ | 18,311 | | | | 05/2014 | | | | 05/2014 | | | $ | 29,174 | | | $ | 1,782 | | | $ | 1,725 | |
| | 1701 Market St. (2) | Philadelphia | PA | | | 305,170 | | | $ | 43,520 | | | | 07/2014 | | | Various | | | $ | 69,886 | | | $ | 3,549 | | | $ | 3,550 | |
| | 10300 Kincaid Dr. | Fishers | IN | | | 193,000 | | | $ | 10,466 | | | | 08/2014 | | | | 01/2020 | | | $ | 28,233 | | | $ | 1,665 | | | $ | 1,712 | |
| | 3965 Airways Blvd. | Memphis | TN | | | 521,286 | | | $ | 47,270 | | | | 09/2014 | | | | 06/2019 | | | $ | 116,410 | | | $ | 3,407 | | | $ | 3,507 | |
| | 500 Jackson St. | Columbus | IN | | | 390,100 | | | $ | 26,399 | | | | 09/2014 | | | | 07/2019 | | | $ | 53,821 | | | $ | 2,213 | | | $ | 2,270 | |
| | 6226 West Sahara Ave. | Las Vegas | NV | | | 282,000 | | | $ | 32,118 | | | | 09/2014 | | | | 01/2029 | | | $ | 64,735 | | | $ | 4,035 | | | $ | 2,126 | |
| | 22011 Southeast 51st St./5150 220th Ave. | Issaquah | WA | | | 202,544 | | | $ | 30,388 | | | | 12/2014 | | | | 12/2014 | | | $ | 51,195 | | | $ | 2,139 | | | $ | 2,020 | |
| | 275 Technology Dr. | Canonsburg | PA | | | 107,872 | | | $ | 9,095 | | | | 12/2014 | | | | 12/2014 | | | $ | 15,739 | | | $ | 715 | | | $ | 689 | |
| Industrial | 2415 US Hwy. 78 East | Moody | AL | | | 595,346 | | | $ | 6,350 | | | | 01/2014 | | | | 01/2014 | | | $ | 11,575 | | | $ | 527 | | | $ | 527 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total 2014 Mortgage Maturities | | | | | 2,992,405 | | | $ | 229,068 | | | | | | | | | | | $ | 480,605 | | | $ | 23,339 | | | $ | 20,307 | |
Footnotes
(1) Represents GAAP capitalized costs as of June 30, 2011.
(2) Lexington has an 80.5% interest in the property and amounts include parking operations.
LEXINGTON REALTY TRUST
2015 Mortgage Maturities by Property Type
6/30/2011
| | Property Location | City | State | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2011 ($000) | | | GAAP Base Rent as of 6/30/2011 ($000) | |
| Office & | 101 East Erie St. | Chicago | IL | | | 230,704 | | | $ | 29,900 | | | | 01/2015 | | | | 03/2014 | | | $ | 56,548 | | | $ | 2,058 | | | $ | 2,493 | |
| Multi-Tenant | 400 East Stone Ave. (2) | Greenville | SC | | | 128,041 | | | $ | 9,000 | | | | 01/2015 | | | | 12/2029 | | | $ | 10,608 | | | $ | 462 | | | $ | - | |
| | 4201 Marsh Ln. (3) | Carrollton | TX | | | 130,000 | | | $ | 12,022 | | | | 01/2015 | | | | 11/2018 | | | $ | 22,146 | | | $ | 963 | | | $ | 988 | |
| | 13775 McLearen Rd. | Herndon | VA | | | 125,293 | | | $ | 10,359 | | | | 04/2015 | | | | 04/2015 | | | $ | 25,443 | | | $ | 1,081 | | | $ | 1,067 | |
| | 10475 Crosspoint Blvd. | Indianapolis | IN | | | 141,047 | | | $ | 11,205 | | | | 05/2015 | | | | 10/2019 | | | $ | 22,463 | | | $ | 1,097 | | | $ | 1,166 | |
| | 100, 120, 140 East Shore Dr. | Glen Allen | VA | | | 224,723 | | | $ | 18,321 | | | | 05/2015 | | | Various | | | $ | 37,942 | | | $ | 1,409 | | | $ | 1,433 | |
| | 1311 Broadfield Blvd. | Houston | TX | | | 155,040 | | | $ | 14,431 | | | | 05/2015 | | | | 03/2021 | | | $ | 29,917 | | | $ | 1,347 | | | $ | 1,312 | |
| | 1409 Centerpoint Blvd. | Knoxville | TN | | | 84,404 | | | $ | 6,658 | | | | 05/2015 | | | | 10/2014 | | | $ | 12,604 | | | $ | 831 | | | $ | 810 | |
| | 2550 Interstate Dr. | Harrisburg | PA | | | 81,859 | | | $ | 7,792 | | | | 05/2015 | | | | 12/2013 | | | $ | 15,135 | | | $ | 952 | | | $ | 935 | |
| | 2706 Media Center Dr. | Los Angeles | CA | | | 83,252 | | | $ | 9,760 | | | | 05/2015 | | | Various | | | $ | 18,070 | | | $ | 881 | | | $ | 734 | |
| | 2800 Waterford Lake Dr. | Midlothian | VA | | | 99,057 | | | $ | 9,055 | | | | 05/2015 | | | | 10/2014 | | | $ | 15,844 | | | $ | 1,035 | | | $ | 1,007 | |
| | 333 Mt. Hope Ave. | Rockaway | NJ | | | 95,500 | | | $ | 14,900 | | | | 05/2015 | | | | 09/2014 | | | $ | 29,295 | | | $ | 1,122 | | | $ | 1,061 | |
| | 4000 Johns Creek Pkwy. | Suwanee | GA | | | 87,219 | | | $ | 10,502 | | | | 05/2015 | | | Various | | | $ | 16,616 | | | $ | 1,001 | | | $ | 933 | |
| | 4848 129th East Ave. (4) | Tulsa | OK | | | 101,100 | | | $ | 6,517 | | | | 05/2015 | | | NA | | | $ | 13,018 | | | $ | 120 | | | $ | 120 | |
| | 6200 Northwest Pkwy. | San Antonio | TX | | | 142,500 | | | $ | 11,167 | | | | 05/2015 | | | | 11/2017 | | | $ | 19,815 | | | $ | 891 | | | $ | 933 | |
| | 16676 Northchase Dr. | Houston | TX | | | 101,111 | | | $ | 11,282 | | | | 05/2015 | | | | 07/2014 | | | $ | 19,267 | | | $ | 825 | | | $ | 814 | |
| | 4001 International Pkwy. | Carrollton | TX | | | 138,443 | | | $ | 18,710 | | | | 07/2015 | | | | 07/2015 | | | $ | 30,859 | | | $ | 1,599 | | | $ | 1,597 | |
| | 12645 West Airport Rd. | Sugar Land | TX | | | 165,836 | | | $ | 6,286 | | | | 09/2015 | | | | 09/2015 | | | $ | 19,436 | | | $ | 1,667 | | | $ | 971 | |
| | 10001 Richmond Ave. | Houston | TX | | | 554,385 | | | $ | 18,161 | | | | 09/2015 | | | | 09/2015 | | | $ | 73,343 | | | $ | 6,567 | | | $ | 3,688 | |
| Industrial | 10000 Business Blvd. | Dry Ridge | KY | | | 336,350 | | | $ | 5,160 | | | | 07/2015 | | | | 06/2025 | | | $ | 15,227 | | | $ | 673 | | | $ | 673 | |
| | 301 Bill Bryan Rd. | Hopkinsville | KY | | | 424,904 | | | $ | 7,812 | | | | 07/2015 | | | | 06/2025 | | | $ | 19,066 | | | $ | 844 | | | $ | 844 | |
| | 4010 Airpark Dr. | Owensboro | KY | | | 211,598 | | | $ | 4,561 | | | | 07/2015 | | | | 06/2025 | | | $ | 13,598 | | | $ | 604 | | | $ | 604 | |
| | 730 North Black Branch Rd. | Elizabethtown | KY | | | 167,770 | | | $ | 2,515 | | | | 07/2015 | | | | 06/2025 | | | $ | 6,055 | | | $ | 268 | | | $ | 268 | |
| | 750 North Black Branch Rd. | Elizabethtown | KY | | | 539,592 | | | $ | 13,323 | | | | 07/2015 | | | | 06/2025 | | | $ | 32,222 | | | $ | 1,419 | | | $ | 1,419 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total 2015 Mortgage Maturities | | | | | 4,549,728 | | | $ | 269,399 | | | | | | | | | | | $ | 574,537 | | | $ | 29,716 | | | $ | 25,870 | |
Footnotes
| (1) | Represents GAAP capitalized costs as of June 30, 2011. |
| (2) | Property is classified as a capital lease for GAAP, accordingly $493 of GAAP income is included in non-operating income. |
| (3) | Subsequent to June 30, 2011, lease extended to 11/30/2022. |
| (4) | Property is currently vacant, rent balances are from prior tenant. |
LEXINGTON REALTY TRUST
Consolidated Properties: Mortgages and Notes Payable
| Property | Footnotes | | Debt Balance ($000) | | | Interest Rate (%) | | | Maturity (a) | | | Current Estimated Annual Debt Service ($000) (d) | | | Balloon Payment ($000) | |
| Winchester, VA | (b)(c) | | $ | 9,722 | | | | 6.346 | % | | | 08/2011 | | | $ | 137 | | | $ | 9,690 | |
| Louisville, CO | | | | 7,253 | | | | 5.830 | % | | | 01/2012 | | | | 308 | | | | 7,195 | |
| Mechanicsburg, PA | (s) | | | 4,584 | | | | 7.780 | % | | | 01/2012 | | | | 280 | | | | 4,514 | |
| Milford, OH | (b) | | | 13,263 | | | | 6.612 | % | | | 02/2012 | | | | 1,149 | | | | 12,686 | |
| Lake Forest, CA | | | | 9,813 | | | | 7.260 | % | | | 02/2012 | | | | 586 | | | | 9,708 | |
| Westlake, TX | (b) | | | 18,074 | | | | 5.392 | % | | | 05/2012 | | | | 1,142 | | | | 17,829 | |
| Millington, TN | | | | 16,452 | | | | 5.247 | % | | | 05/2012 | | | | 957 | | | | 16,222 | |
| Cary, NC | (b) | | | 12,636 | | | | 5.584 | % | | | 05/2012 | | | | 740 | | | | 12,543 | |
| Lakewood, CO | | | | 8,018 | | | | 5.097 | % | | | 05/2012 | | | | 505 | | | | 7,890 | |
| Farmington Hills, MI | (b) | | | 18,214 | | | | 5.723 | % | | | 09/2012 | | | | 1,500 | | | | 17,724 | |
| Laurens, SC | (b) | | | 14,643 | | | | 5.911 | % | | | 09/2012 | | | | 1,396 | | | | 14,022 | |
| Temperance, MI | (b) | | | 9,816 | | | | 5.912 | % | | | 09/2012 | | | | 936 | | | | 9,400 | |
| Baton Rouge, LA | (b) | | | 6,102 | | | | 5.333 | % | | | 10/2012 | | | | 443 | | | | 5,948 | |
| San Antonio, TX | | | | 26,804 | | | | 6.080 | % | | | 10/2012 | | | | 2,260 | | | | 26,025 | |
| Plymouth, MI | (b) | | | 10,607 | | | | 5.964 | % | | | 12/2012 | | | | 1,026 | | | | 10,026 | |
| Colorado Springs, CO | (b) | | | 10,624 | | | | 5.996 | % | | | 12/2012 | | | | 887 | | | | 10,272 | |
| Fort Mill, SC | | | | 10,221 | | | | 6.000 | % | | | 01/2013 | | | | 839 | | | | 9,904 | |
| Centennial, CO | (b)(r) | | | 14,161 | | | | 5.724 | % | | | 02/2013 | | | | 1,177 | | | | 13,555 | |
| Brea, CA | (b) | | | 74,993 | | | | 5.734 | % | | | 05/2013 | | | | 5,361 | | | | 73,071 | |
| Atlanta, GA | | | | 41,762 | | | | 5.268 | % | | | 05/2013 | | | | 3,004 | | | | 40,356 | |
| Irving, TX | (b) | | | 37,651 | | �� | | 5.452 | % | | | 05/2013 | | | | 2,702 | | | | 36,466 | |
| Houston, TX | | | | 16,317 | | | | 5.218 | % | | | 05/2013 | | | | 1,166 | | | | 15,737 | |
| Southington, CT | | | | 12,672 | | | | 5.018 | % | | | 05/2013 | | | | 890 | | | | 12,228 | |
| Indianapolis, IN | | | | 8,899 | | | | 5.168 | % | | | 05/2013 | | | | 633 | | | | 8,580 | |
| Fort Meyers, FL | | | | 8,774 | | | | 5.268 | % | | | 05/2013 | | | | 592 | | | | 8,550 | |
| Phoenix, AZ | | | | 17,450 | | | | 6.270 | % | | | 09/2013 | | | | 1,527 | | | | 16,490 | |
| Foxboro, MA | (b) | | | 8,662 | | | | 6.000 | % | | | 01/2014 | | | | 3,388 | | | | - | |
| Moody, AL | | | | 6,753 | | | | 4.978 | % | | | 01/2014 | | | | 493 | | | | 6,350 | |
| Clive, IA | | | | 5,463 | | | | 5.139 | % | | | 05/2014 | | | | 387 | | | | 5,151 | |
| Fort Mill, SC | | | | 19,231 | | | | 5.373 | % | | | 05/2014 | | | | 1,364 | | | | 18,311 | |
| Philadelphia, PA | (p) | | | 46,137 | | | | 5.060 | % | | | 07/2014 | | | | 3,178 | | | | 43,520 | |
| Fishers, IN | | | | 11,194 | | | | 6.375 | % | | | 08/2014 | | | | 932 | | | | 10,466 | |
| Columbus, IN | (i) | | | 25,831 | | | | 6.150 | % | | | 09/2014 | | | | 1,615 | | | | 25,831 | |
| Las Vegas, NV | (i) | | | 31,428 | | | | 6.150 | % | | | 09/2014 | | | | 1,965 | | | | 31,427 | |
| Memphis, TN | (i) | | | 46,253 | | | | 6.150 | % | | | 09/2014 | | | | 2,892 | | | | 46,253 | |
| Columbus, IN | (i) | | | 600 | | | | 7.500 | % | | | 09/2014 | | | | 54 | | | | 568 | |
| Las Vegas, NV | (i) | | | 731 | | | | 7.500 | % | | | 09/2014 | | | | 66 | | | | 691 | |
| Memphis, TN | (i) | | | 1,075 | | | | 7.500 | % | | | 09/2014 | | | | 97 | | | | 1,017 | |
| Issaquah, WA | (b) | | | 31,493 | | | | 5.665 | % | | | 12/2014 | | | | 2,113 | | | | 30,388 | |
| Canonsburg, PA | (b) | | | 9,082 | | | | 5.426 | % | | | 12/2014 | | | | 489 | | | | 9,095 | |
| Chicago, IL | (b) | | | 29,389 | | �� | | 5.639 | % | | | 01/2015 | | | | 1,552 | | | | 29,900 | |
| Greenville, SC | | | | 9,000 | | | | 5.500 | % | | | 01/2015 | | | | 495 | | | | 9,000 | |
| Carrollton, TX | | | | 13,063 | | | | 5.530 | % | | | 01/2015 | | | | 993 | | | | 12,022 | |
| Herndon, VA | (b) | | | 11,245 | | | | 5.885 | % | | | 04/2015 | | | | 888 | | | | 10,359 | |
| Glen Allen, VA | (b) | | | 19,305 | | | | 5.377 | % | | | 05/2015 | | | | 1,292 | | | | 18,321 | |
| Houston, TX | | | | 15,672 | | | | 5.160 | % | | | 05/2015 | | | | 1,114 | | | | 14,431 | |
| Rockaway, NJ | | | | 14,900 | | | | 5.292 | % | | | 05/2015 | | | | 802 | | | | 14,900 | |
| Houston, TX | | | | 12,245 | | | | 5. | | | | | | | | | | | | | |
Consolidated Properties: Mortgages and Notes Payable
| Property | Footnotes | | Debt Balance ($000) | | | Interest Rate (%) | | Maturity (a) | | Current Estimated Annual Debt Service ($000) (d) | | | Balloon Payment ($000) | | | | |
| Indianapolis, IN | | | | 12,169 | | | | 5.160 | | % | | | 05/2015 | | | | 865 | | | | 11,205 | |
| San Antonio, TX | | | | 12,080 | | | | 5.340 | | % | | | 05/2015 | | | | 875 | | | | 11,167 | |
| Atlanta, GA | | | | 11,162 | | | | 5.260 | | % | | | 05/2015 | | | | 751 | | | | 10,502 | |
| Los Angeles, CA | | | | 10,591 | | | | 5.110 | | % | | | 05/2015 | | | | 750 | | | | 9,760 | |
| Richmond, VA | | | | 9,815 | | | | 5.310 | | % | | | 05/2015 | | | | 708 | | | | 9,055 | |
| Harrisburg, PA | | | | 8,468 | | | | 5.110 | | % | | | 05/2015 | | | | 599 | | | | 7,792 | |
| Knoxville, TN | | | | 7,217 | | | | 5.310 | | % | | | 05/2015 | | | | 520 | | | | 6,658 | |
| Tulsa, OK | | | | 7,119 | | | | 5.060 | | % | | | 05/2015 | | | | 499 | | | | 6,517 | |
| Carrollton, TX | (b) | | | 19,756 | | | | 5.725 | | % | | | 07/2015 | | | | 1,382 | | | | 18,710 | |
| Elizabethtown, KY | (j) | | | 14,599 | | | | 4.990 | | % | | | 07/2015 | | | | 1,041 | | | | 13,323 | |
| Hopkinsville, KY | | | | 8,560 | | | | 4.990 | | % | | | 07/2015 | | | | 610 | | | | 7,812 | |
| Dry Ridge, KY | (n) | | | 5,654 | | | | 4.990 | | % | | | 07/2015 | | | | 403 | | | | 5,160 | |
| Owensboro, KY | (n) | | | 4,997 | | | | 4.990 | | % | | | 07/2015 | | | | 356 | | | | 4,561 | |
| Elizabethtown, KY | (j) | | | 2,756 | | | | 4.990 | | % | | | 07/2015 | | | | 197 | | | | 2,515 | |
| Houston, TX | (b) | | | 41,833 | | | | 6.250 | | % | | | 09/2015 | | | | 8,367 | | | | 18,161 | |
| Sugar Land, TX | (b) | | | 10,914 | | | | 6.250 | | % | | | 09/2015 | | | | 2,135 | | | | 6,286 | |
| Bridgewater, NJ | | | | 14,763 | | | | 5.732 | | % | | | 03/2016 | | | | 1,035 | | | | 13,825 | |
| Omaha, NE | | | | 8,338 | | | | 5.610 | | % | | | 04/2016 | | | | 621 | | | | 7,560 | |
| Tempe, AZ | | | | 7,875 | | | | 5.610 | | % | | | 04/2016 | | | | 586 | | | | 7,140 | |
| Byhalia, MS | | | | 15,000 | | | | 4.710 | | % | | | 06/2016 | | | | 707 | | | | 15,000 | |
| Lisle, IL | | | | 10,106 | | | | 6.500 | | % | | | 06/2016 | | | | 793 | | | | 9,377 | |
| Dallas, TX | (b) | | | 18,492 | | | | 5.939 | | % | | | 07/2016 | | | | 1,139 | | | | 18,363 | |
| Rochester, NY | (f) | | | 18,183 | | | | 6.210 | | % | | | 08/2016 | | | | 1,383 | | | | 16,765 | |
| Statesville, NC | (f) | | | 13,621 | | | | 6.210 | | % | | | 08/2016 | | | | 1,037 | | | | 12,574 | |
| Rockford, IL | (f) | | | 6,666 | | | | 6.210 | | % | | | 08/2016 | | | | 508 | | | | 6,153 | |
| Glenwillow, OH | | | | 16,449 | | | | 6.130 | | % | | | 09/2016 | | | | 1,240 | | | | 15,132 | |
| Memphis, TN | | | | 3,825 | | | | 5.710 | | % | | | 01/2017 | | | | 275 | | | | 3,484 | |
| Orlando, FL | | | | 9,975 | | | | 5.722 | | % | | | 02/2017 | | | | 621 | | | | 9,309 | |
| Dubuque, IA | | | | 10,011 | | | | 5.402 | | % | | | 06/2017 | | | | 733 | | | | 8,725 | |
| Shreveport, LA | | | | 19,000 | | | | 5.690 | | % | | | 07/2017 | | | | 1,099 | | | | 19,000 | |
| McDonough, GA | | | | 23,000 | | | | 6.110 | | % | | | 11/2017 | | | | 1,429 | | | | 21,651 | |
| Lorain, OH | (b) | | | 1,244 | | | | 7.750 | | % | | | 07/2018 | | | | 108 | | | | - | |
| Manteca, CA | (b) | | | 879 | | | | 7.750 | | % | | | 07/2018 | | | | 77 | | | | - | |
| Watertown, NY | (b) | | | 826 | | | | 7.750 | | % | | | 07/2018 | | | | 72 | | | | - | |
| Lewisburg, WV | (b) | | | 580 | | | | 7.750 | | % | | | 07/2018 | | | | 51 | | | | - | |
| San Diego, CA | (b) | | | 560 | | | | 7.750 | | % | | | 07/2018 | | | | 49 | | | | - | |
| Galesburg, IL | (b) | | | 493 | | | | 7.750 | | % | | | 07/2018 | | | | 43 | | | | - | |
| Boston, MA | | | | 13,268 | | | | 6.100 | | % | | | 12/2018 | | | | 996 | | | | 11,520 | |
| North Berwick, ME | | | | 10,462 | | | | 3.560 | | % | | | 04/2019 | | | | 1,532 | | | | - | |
| Overland Park, KS | (b) | | | 36,519 | | | | 5.891 | | % | | | 05/2019 | | | | 2,657 | | | | 31,867 | |
| Kansas City, MO | (b) | | | 17,419 | | | | 5.883 | | % | | | 05/2019 | | | | 1,268 | | | | 15,182 | |
| Streetsboro, OH | (b) | | | 18,853 | | | | 5.749 | | % | | | 09/2019 | | | | 1,344 | | | | 16,338 | |
| Boca Raton, FL | | | | 20,400 | | | | 6.470 | | % | | | 02/2020 | | | | 1,342 | | | | 18,383 | |
| Wall, NJ | (b) | | | 26,044 | | | | 6.250 | | % | | | 01/2021 | | | | 3,056 | | | | - | |
| Charleston, SC | | | | 7,350 | | | | 5.850 | | % | | | 02/2021 | | | | 437 | | | | 6,632 | |
| Whippany, NJ | | | | 15,526 | | | | 6.298 | | % | | | 11/2021 | | | | 1,344 | | | | 10,400 | |
Subtotal/Wtg. Avg./Years Remaining (l) | | | | 553,417 | | | | 5.770 | | % | | | 5.8 | | | | 47,640 | | | | 443,564 | |
LEXINGTON REALTY TRUST
Consolidated Properties: Mortgages and Notes Payable6/30/2011
| Property | Footnotes | | Debt Balance ($000) | | | Interest Rate (%) | | | Maturity (a) | | | Current Estimated Annual Debt Service ($000) (d) | | | Balloon Payment ($000) | |
| Corporate | | | | | | | | | | | | | | | | |
| Term Loan | (h)(k) | | $ | 35,551 | | | | 5.520 | % | | | 03/2013 | | | $ | 1,995 | | | $ | 35,551 | |
| Term Loan | (h)(k) | | | 25,000 | | | | 5.520 | % | | | 03/2013 | | | | 1,403 | | | | 25,000 | |
| Exchangeable Notes | (e)(m) | | | 62,150 | | | | 5.450 | % | | | 01/2027 | | | | 3,387 | | | | 62,150 | |
| Convertible Notes | (o)(q) | | | 115,000 | | | | 6.000 | % | | | 01/2030 | | | | 6,900 | | | | 115,000 | |
| Trust Preferred Notes | (g) | | | 129,120 | | | | 6.804 | % | | | 04/2037 | | | | 8,785 | | | | 129,120 | |
Subtotal/Wtg. Avg./Years Remaining (l) | | $ | 366,821 | | | | 6.111 | % | | | 11.2 | | | $ | 22,470 | | | $ | 366,821 | |
Total/Wtg. Avg./Years Remaining (l) | | $ | 1,728,515 | | | | 5.804 | % | | | 5.3 | | | $ | 129,296 | | | $ | 1,586,299 | |
Footnotes
| (a) | Subtotal and total based on weighted average term to maturity (or put dates) shown in years based on debt balance. |
| (b) | Debt balances based upon imputed interest rates. |
| (c) | Loan satisfied subsequent to quarter end. |
| (d) | Remaining payments for debt with less than 12 months to maturity, all others are debt service for next 12 months. |
| (e) | Holders have the right to put notes to Lexington commencing 2012 and every five years thereafter. |
| (f) | Properties are cross-collateralized. |
| (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. |
| (j) | Properties are cross-collateralized. |
| (k) | Represents full payable of loans, discount of $1,693 excluded from balance. |
| (l) | Total shown may differ from detailed amounts due to rounding. |
| (m) | Represents full payable of notes, discount of $380 excluded from balance. |
| (n) | Properties are cross-collateralized. |
| (o) | Holders have the right to redeem the notes on 01/15/17, 01/15/20 and 01/15/25. |
| (p) | Lexington has an 80.5% interest in this property. |
| (q) | Represents full payable of notes, discount of $10,820 excluded from balance. |
| (r) | Maturity date represents lender call date. |
| (s) | Property held for sale. |
LEXINGTON REALTY TRUST
Non- Consolidated Investments: Mortgages & Notes Payable
6/30/2011
| Joint Venture | | Footnotes | | | Debt Balance ($000) | | | LXP Proportionate Share ($000) (3) | | | Interest Rate (%) | | | Maturity | | | Current Estimated Annual Debt Service ($000) (4) | | | Balloon Payment ($000) | | | Proportionate Share Balloon Payment ($000) (3) | |
| Net Lease Strategic (5) | | | | | $ | 13,202 | | | $ | 1,980 | | | | 7.400 | % | | | 08/2011 | | | $ | - | | | $ | 13,368 | | | $ | 2,005 | |
| Net Lease Strategic (5) | | | | | | | 7,492 | | | | 1,124 | | | | 6.930 | % | | | 08/2011 | | | | 101 | | | | 7,479 | | | | 1,122 | |
| Jayal | | | | | | | 288 | | | | 86 | | | | 11.500 | % | | | 03/2012 | | | | 303 | | | | - | | | | - | |
| Net Lease Strategic | | | | | | | 22,398 | | | | 3,360 | | | | 5.147 | % | | | 05/2012 | | | | 1,213 | | | | 22,153 | | | | 3,323 | |
| Net Lease Strategic | | | | | | | 5,101 | | | | 765 | | | | 7.670 | % | | | 01/2013 | | | | 2,914 | | | | - | | | | - | |
| Net Lease Strategic | | | | | | | 12,576 | | | | 1,886 | | | | 5.148 | % | | | 05/2013 | | | | 894 | | | | 12,144 | | | | 1,822 | |
| Net Lease Strategic | | | | | | | 4,710 | | | | 707 | | | | 5.950 | % | | | 09/2013 | | | | 381 | | | | 4,496 | | | | 674 | |
| Net Lease Strategic | | | | | | | 19,671 | | | | 2,951 | | | | 5.810 | % | | | 02/2014 | | | | 1,551 | | | | 18,588 | | | | 2,788 | |
| Net Lease Strategic | | | | | | | 9,027 | | | | 1,354 | | | | 5.616 | % | | | 04/2014 | | | | 697 | | | | 8,484 | | | | 1,273 | |
| Net Lease Strategic | | | | | | | 866 | | | | 130 | | | | 8.500 | % | | | 04/2015 | | | | 271 | | | | - | | | | - | |
| Net Lease Strategic | | | | | | | 16,306 | | | | 2,446 | | | | 5.411 | % | | | 05/2015 | | | | 1,189 | | | | 15,087 | | | | 2,263 | |
| Net Lease Strategic - Oklahoma TIC | | | | | | | 14,536 | | | | 872 | | | | 5.240 | % | | | 05/2015 | | | | 976 | | | | 13,673 | | | | 820 | |
| Net Lease Strategic | | | | | | | 12,182 | | | | 1,827 | | | | 5.212 | % | | | 06/2015 | | | | 836 | | | | 11,349 | | | | 1,702 | |
| Net Lease Strategic | | | | | | | 5,883 | | | | 882 | | | | 5.783 | % | | | 06/2015 | | | | 462 | | | | 5,371 | | | | 806 | |
| Net Lease Strategic | | | | | | | 16,044 | | | | 2,407 | | | | 8.036 | % | | | 09/2015 | | | | 3,438 | | | | 6,925 | | | | 1,039 | |
| Net Lease Strategic | | | | | | | 4,650 | | | | 698 | | | | 8.036 | % | | | 09/2015 | | | | 948 | | | | 2,203 | | | | 330 | |
| Net Lease Strategic | | | | | | | 8,262 | | | | 1,239 | | | | 6.090 | % | | | 01/2016 | | | | 668 | | | | 7,446 | | | | 1,117 | |
| Net Lease Strategic | | | | | | | 6,107 | | | | 916 | | | | 6.090 | % | | | 04/2016 | | | | 494 | | | | 5,465 | | | | 820 | |
| Net Lease Strategic | | | | | | | 6,284 | | | | 943 | | | | 6.315 | % | | | 09/2016 | | | | 497 | | | | 5,723 | | | | 858 | |
| One Summit | | | | | | | 13,937 | | | | 4,181 | | | | 9.375 | % | | | 10/2016 | | | | 3,344 | | | | - | | | | - | |
| Net Lease Strategic | | | | | | | 8,868 | | | | 1,330 | | | | 6.063 | % | | | 11/2016 | | | | 683 | | | | 8,023 | | | | 1,203 | |
| One Summit | | | | | | | 9,192 | | | | 2,758 | | | | 10.625 | % | | | 11/2016 | | | | 2,239 | | | | - | | | | - | |
| Net Lease Strategic | | | | | | | 8,588 | | | | 1,288 | | | | 5.910 | % | | | 10/2018 | | | | 728 | | | | 6,624 | | | | 994 | |
| Net Lease Strategic | | | | | | | 9,482 | | | | 1,422 | | | | 6.010 | % | | | 08/2019 | | | | 753 | | | | 7,658 | | | | 1,149 | |
| Net Lease Strategic | | | | | | | 7,500 | | | | 1,125 | | | | 6.507 | % | | | 11/2019 | | | | 563 | | | | 6,692 | | | | 1,004 | |
| Net Lease Strategic | | | | | | | 9,582 | | | | 1,437 | | | | 6.270 | % | | | 12/2019 | | | | 774 | | | | 7,755 | | | | 1,163 | |
| Net Lease Strategic | | | | | | | 8,125 | | | | 1,219 | | | | 9.800 | % | | | 01/2020 | | | | 1,933 | | | | - | | | | - | |
| Net Lease Strategic | | | | | | | 9,689 | | | | 1,453 | | | | 5.930 | % | | | 10/2020 | | | | 750 | | | | 7,660 | | | | 1,149 | |
| Net Lease Strategic | | | | | | | 8,911 | | | | 1,337 | | | | 5.460 | % | | | 12/2020 | | | | 741 | | | | 5,895 | | | | 884 | |
LEXINGTON REALTY TRUST
Non- Consolidated Investments: Mortgages & Notes Payable
6/30/2011
| Joint Venture | Footnotes | | Debt Balance ($000) | | | LXP Proportionate Share ($000) (3) | | | Interest Rate (%) | | | Maturity | | | Current Estimated Annual Debt Service ($000) (4) | | | Balloon Payment ($000) | | | Proportionate Share Balloon Payment ($000) (3) | |
| Net Lease Strategic | | | | 9,192 | | | | 1,379 | | | | 5.640 | % | | | 01/2021 | | | | 692 | | | | 7,018 | | | | 1,053 | |
| Net Lease Strategic | | | | 11,351 | | | | 1,703 | | | | 5.380 | % | | | 08/2025 | | | | 1,144 | | | | 362 | | | | 54 | |
| Net Lease Strategic | | | | 2,035 | | | | 305 | | | | 7.500 | % | | | 10/2026 | | | | 226 | | | | - | | | | - | |
| Total/Wtg. Avg. (1)/Years Remaining (2) | | | $ | 302,037 | | | $ | 47,510 | | | | 6.71 | % | | | 5.0 | | | $ | 32,403 | | | $ | 217,641 | | | $ | 31,415 | |
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 and has been repaid subsequent to June 30, 2011. |
LEXINGTON REALTY TRUST
Partnership Interests
Six Months Ended June 30, 2011
($000)
Noncontrolling Interest Properties - Partners' Proportionate Share (1) | | | |
| | | | |
| | | | |
| EBITDA | | $ | 1,242 | |
| Interest expense | | $ | 301 | |
| Depreciation and amortization | | $ | 973 | |
| Impairment charges | | $ | 11,478 | |
| | | | | |
| Non-Consolidated Net Leased Real Estate - Lexington's Share | | | | |
| | | | | |
| | | | | |
| EBITDA | | $ | 14,522 | |
| Interest expense | | $ | 1,751 | |
Footnotes
| (1) | Excludes discontinued operations and OP unit noncontrolling interests. |
LEXINGTON REALTY TRUST
Selected Balance Sheet and Income Statement Account Data
6/30/2011
($000)
| Balance Sheet | | | |
| | | | |
| Other assets | | $ | 61,057 | |
| | | | | |
| The components of other assets are: | | | | |
| | | | | |
| Deposits | | $ | 793 | |
| Forward purchase equity commitment | | | 32,264 | |
| Investments- capital lease | | | 10,608 | |
| Equipment | | | 864 | |
| Prepaids | | | 3,997 | |
| Other receivables | | | 2,148 | |
| Deferred tax asset | | | 667 | |
| Deferred lease incentives | | | 8,327 | |
| Other | | | 1,389 | |
| | | | | |
| Accounts payable and other liabilities | | $ | 54,412 | |
| | | | | |
| The components of accounts payable and other liabilities are: | | | | |
| | | | | |
| Accounts payable and accrued expenses | | $ | 14,048 | |
| CIP accruals and other | | | 16,707 | |
| Taxes | | | 257 | |
| Deferred lease costs | | | 5,477 | |
| Subordinated notes | | | 2,201 | |
| Deposits | | | 1,370 | |
| Escrows | | | 4,567 | |
| Sale/leaseback financing obligation | | | 4,750 | |
| Transaction costs | | | 532 | |
| Derivative liability | | | 4,503 | |
| | | | | |
| Income Statement - six months ended June 30, 2011 | | | | |
| | | | | |
| Non-cash interest expense, net | | $ | 2,760 | |
LEXINGTON REALTY TRUST
Revenue Data
6/30/2011
($000)
| Base Rent Estimates for Current Assets | |
| Year | | | Cash (1) | | | | GAAP (1) | |
| 2011 - Remainder | | $ | 141,921 | | | $ | 146,466 | |
| 2012 | | $ | 278,882 | | | $ | 286,414 | |
| 2013 | | $ | 255,850 | | | $ | 258,990 | |
| 2014 | | $ | 222,324 | | | $ | 224,949 | |
| 2015 | | $ | 186,430 | | | $ | 188,623 | |
| | | | | | | | | |
| Other Revenue Data | |
| Asset Class | | GAAP Base Rent as of 6/30/11 (2) | | | Percentage | |
| Office | | $ | 96,061 | | | | 81.4 | % |
| Industrial | | $ | 108 | | | | 0.1 | % |
| Retail | | $ | 5,903 | | | | 5.0 | % |
| Multi-tenant | | $ | 15,890 | | | | 13.5 | % |
| | | $ | 117,962 | | | | 100.0 | % |
| | | | | | | | | |
Credit Ratings (3) | | | | | | | | |
| Investment Grade | | $ | 69,578 | | | | 46.9 | % |
| Non-Investment Grade | | $ | 24,150 | | | | 16.3 | % |
| Unrated | | $ | 54,534 | | | | 36.8 | % |
| | | $ | 148,262 | | | | 100.0 | % |
| (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, (3) that no new or renegotiated leases are entered into after 6/30/2011 and (4) excludes properties held for sale as of June 30, 2011. |
| (2) | Six months ended 6/30/2011 GAAP base rent recognized for consolidated properties owned as of 6/30/2011. |
| (3) | Credit ratings are based upon either tenant, guarantor or parent. Generally, all multi-tenant assets are included in unrated. |
LEXINGTON REALTY TRUST
Top 20 Markets
6/30/2011
| | | Core Based Statistical Area (2) | | Percent of GAAP Base Rent as of 6/30/11 (1) | |
| | 1 | | Dallas-Fort Worth-Arlington, TX | | | 7.7 | % |
| | 2 | | Los Angeles-Long Beach-Santa Ana, CA | | | 6.4 | % |
| | 3 | | Houston-Sugar Land-Baytown, TX | | | 5.3 | % |
| | 4 | | Memphis, TN-MS-AR | | | 4.6 | % |
| | 5 | | Atlanta-Sandy Springs-Marietta, GA | | | 4.4 | % |
| | 6 | | New York-Northern New Jersey-Long Island, NY-NJ-PA | | | 4.0 | % |
| | 7 | | Detroit-Warren-Livonia, MI | | | 3.5 | % |
| | 8 | | Kansas City, MO-KS | | | 3.3 | % |
| | 9 | | Orlando-Kissimmee, FL | | | 2.7 | % |
| | 10 | | Boston-Cambridge-Quincy, MA-NH | | | 2.6 | % |
| | 11 | | Indianapolis-Carmel, IN | | | 2.5 | % |
| | 12 | | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | | | 2.5 | % |
| | 13 | | Baltimore-Towson, MD | | | 2.4 | % |
| | 14 | | Chicago-Naperville-Joliet, IL-IN-WI | | | 2.2 | % |
| | 15 | | Charlotte-Gastonia-Concord, NC-SC | | | 2.0 | % |
| | 16 | | Phoenix-Mesa-Scottsdale, AZ | | | 2.0 | % |
| | 17 | | Washington-Arlington-Alexandria, DC-VA-MD-WV | | | 1.9 | % |
| | 18 | | Columbus, OH | | | 1.8 | % |
| | 19 | | Beaumont-Port Arthur, TX | | | 1.8 | % |
| | 20 | | San Antonio, TX | | | 1.8 | % |
| | | | Total Top 20 Markets (3) | | | 65.6 | % |
| (1) | Six months ended 6/30/2011 GAAP base rent recognized for consolidated properties owned as of 6/30/2011. |
| (2) | A Core Based Statistical Area is the official term for a functional region based around an urban center of at least 10,000 people, based on standards published by the Office of Management and Budget (OMB) in 2000. These standards are used to replace the definitions of metropolitan areas that were defined in 1990. |
| (3) | Total shown may differ from detailed amounts due to rounding. |
LEXINGTON REALTY TRUST
Tenant Industry Diversification
6/30/2011
| Industry Category | | Percent of GAAP Base Rent as of 6/30/11 (1) | |
| Finance/Insurance | | | 13.3 | % |
| Energy | | | 9.9 | % |
| Automotive | | | 9.9 | % |
| Technology | | | 9.7 | % |
| Service | | | 7.3 | % |
| Consumer Products | | | 7.1 | % |
| Healthcare | | | 6.7 | % |
| Transportation/Logistics | | | 6.6 | % |
| Food | | | 5.6 | % |
| Telecommunications | | | 4.0 | % |
| Construction/Materials | | | 4.0 | % |
| Media/Advertising | | | 3.7 | % |
| Printing/Production | | | 2.9 | % |
| Aerospace/Defense | | | 2.6 | % |
| Retail Department | | | 1.5 | % |
| Real Estate | | | 1.4 | % |
| Apparel | | | 1.4 | % |
| Education | | | 1.1 | % |
| Retail Specialty | | | 0.7 | % |
| Retail Electronics | | | 0.3 | % |
| Security | | | 0.2 | % |
Total (2) | | | 100.0 | % |
Footnotes
| (1) | Six months ended 6/30/2011 GAAP base rent recognized for consolidated properties owned as of 6/30/2011. |
| (2) | Total shown may differ from detailed amounts due to rounding. |
| Tenants or Guarantors | | Number of Leases | | | Sq. Ft. Leased | | | Sq. Ft. Leased as a Percent of Consolidated Portfolio (2) | | | GAAP Base Rent as of 6/30/11 ($000) (1) | | | Percent of GAAP Base Rent as of 6/30/2011 ($000) (1) | |
| Bank of America, National Association | | | 8 | | | | 691,893 | | | | 3.7 | % | | $ | 4,739 | | | | 3.2 | % |
| Baker Hughes, Inc. | | | 2 | | | | 720,221 | | | | 3.8 | % | | $ | 4,659 | | | | 3.1 | % |
| Dana Holding Corporation and Dana Limited | | | 6 | | | | 1,902,414 | | | | 10.1 | % | | $ | 4,150 | | | | 2.8 | % |
| Federal Express Corporation | | | 2 | | | | 641,286 | | | | 1.8 | % | | $ | 3,709 | | | | 2.5 | % |
| Morgan, Lewis & Bockius, LLP (3) | | | 1 | | | | 290,565 | | | | 1.5 | % | | $ | 3,421 | | | | 2.3 | % |
| Swiss Re America Holding Corporation | | | 2 | | | | 476,123 | | | | 2.5 | % | | $ | 3,397 | | | | 2.3 | % |
| CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) | | | 3 | | | | 2,503,916 | | | | 13.3 | % | | $ | 3,286 | | | | 2.2 | % |
| Wells Fargo Bank, N.A. | | | 2 | | | | 338,301 | | | | 1.8 | % | | $ | 2,992 | | | | 2.0 | % |
| International Business Machines Corporation (Internet Security Systems, Inc.) | | | 2 | | | | 289,000 | | | | 1.5 | % | | $ | 2,956 | | | | 2.0 | % |
| JPMorgan Chase Bank, National Association | | | 3 | | | | 430,375 | | | | 2.3 | % | | $ | 2,701 | | | | 1.8 | % |
| | | | 31 | | | | 8,284,094 | | | | 42.4 | % | | $ | 36,010 | | | | 24.3 | % |
Footnotes
| (1) | Six months ended 6/30/2011 GAAP base rent recognized for consolidated properties owned as of 6/30/2011. |
| (2) | Total shown may differ from detailed amounts due to rounding. |
| (3) | Includes parking garage operations. Lexington has an 80.5% interest in this property. |
| Investor Information | | |
| | | |
| Transfer Agent | | Investor Relations |
| | | |
| BNY Mellon Shareowner Services | | Patrick Carroll |
| 480 Washington Blvd. | | Exevutive 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 |
| | | |
| | | |
| Bank of America/ Merril Lynch | | |
| James Fledman | (646) 855-508 | | |
| | | |
| 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 |
