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

Quarterly Earnings and

Supplemental Operating and Financial Data

For the Three Months Ended March 31, 2010

LEXINGTON REALTY TRUST

SUPPLEMENTAL REPORTING PACKAGE

For the Three Months Ended March 31, 2010

Table of Contents

Section	Page
First Quarter 2010 Earnings Press Release	3
Portfolio Data
2010 First Quarter Leasing Summary	11
2010 First Quarter Investment/Disposition Summary	12
Property Leases and Vacancies – Consolidated Portfolio	13
Property Leases and Vacancies – Net Lease Strategic Assets Fund	21
Lease Rollover Schedule – Cash Basis	23
Lease Rollover Schedule – GAAP Basis	24
Mortgage Note Receivables	25
2010 First Quarter Financing Summary	26
Debt Maturity Schedule	27
2010 Mortgage Maturities by Property Type	28
2011 Mortgage Maturities by Property Type	29
2012 Mortgage Maturities by Property Type	30
2013 Mortgage Maturities by Property Type	31
2014 Mortgage Maturities by Property Type	32
Mortgages and Notes Payable	33
Partnership Interests	38
Selected Balance Sheet Account Detail	39
Revenue Data	40
Top 20 Markets	41
Tenant Industry Diversification	42
Top 10 Tenants or Guarantors	43
Investor Information	44

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

Lexington Realty Trust

TRADED: NYSE: LXP

One Penn Plaza, Suite 4015

New York NY 10119-4015

Contact:

Investor or Media Inquiries, T. Wilson Eglin, CEO

Lexington Realty Trust

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

FOR IMMEDIATE RELEASE

Thursday May 6, 2010

LEXINGTON REALTY TRUST REPORTS FIRST QUARTER 2010 RESULTS

New York, NY – May 6, 2010 – Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the first quarter ended March 31, 2010.

First Quarter 2010 Highlights

· Generated Company Funds From Operations (“Company FFO”) of $34.4 million or $0.25 per diluted common share/unit, adjusted for certain items.

· Executed 22 new and renewal leases, totaling approximately 413,000 square feet; overall portfolio remains 92% leased.

· Sold three properties for an aggregate disposition price of $39.9 million.

· Increased the availability under the revolving loan portion of the secured credit facility from $125.0 million to $150.0 million, and no amounts are currently outstanding.

· Invested $31.8 million in new assets.

· Raised net proceeds of $111.3 million through issuance of $115.0 million principal amount of 6.00% Convertible Notes.

· Issued approximately 11.7 million common shares, raising net proceeds of $75.7 million.

· Reduced overall debt by $75.2 million.

· Recorded non-cash income of $2.1 million related to a previously disclosed forward equity commitment and impairment charges of $28.0 million on real estate.

· Formed a joint venture with an unaffiliated third party for property management at certain of our properties.

T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, “During the first quarter of 2010, we continued to make progress on Lexington’s capital recycling effort with the disposal of $39.9 million of properties.  We also improved Lexington’s financial flexibility by raising $193.2 million of debt and equity capital and retiring $175.7 million of debt. We continue to be pleased with the pace of Lexington’s leasing activity and prospects, particularly at 100 Light Street in Baltimore.  Based on our leasing success over the past few quarters, Lexington has a minimal number of leases expiring over the balance of the year. We continue to be focused on creating additional liquidity by selling Lexington’s non-core retail and multi-tenant properties to retire debt and to be prepared to capitalize on investment opportunities as they arise.”

FINANCIAL RESULTS

Revenues

For the quarter ended March 31, 2010, total gross revenues were $88.9 million, compared with total gross revenues of $93.5 million for the quarter ended March 31, 2009.

Page 3 of 44

Company FFO Attributable to Common Shareholders/Unitholders

The following presents in tabular form the items excluded from Company FFO for the three months ended March 31, 2010 and 2009:

	2010						2009
				Per Diluted						Per Diluted
	Millions			Share/Unit			Millions			Share/Unit
Reported Company FFO(A)	$	14.0		$	0.10		$	(18.8	)	$	(0.17	)
Accounting pronouncements  -
Exchangeable Notes		0.2						0.5
Debt satisfaction, net		(2.6	)					(6.4	)
Forward equity commitment		(2.1	)					8.6
Impairment losses – real estate		28.0						9.5
Impairment loss – real estate noncontrolling interest		(3.1	)					-
Impairment losses –  consolidated debt investments		-						1.1
Impairment losses – Concord debt investments		-						20.1
Impairment loss – Concord equity investment		-						29.1
Land transaction income, net		-						(1.3	)
	$	34.4		$	0.25	(B)	$	42.4		$	0.39	(B)

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

(B) Per diluted share/unit reflects the impact of estimated net shares retired upon the assumed settlement of the forward equity commitment of (3,312,724) and (2,139,550) for the three months ended March 31, 2010 and 2009, respectively.

Net Loss Attributable to Common Shareholders

For the quarter ended March 31, 2010, net loss attributable to common shareholders was ($33.0) million, or a loss of ($0.27) per diluted share, compared with net loss attributable to common shareholders for the quarter ended March 31, 2009 of ($71.7) million, or a loss of ($0.72) per diluted share.

Capital Activities and Balance Sheet Update

During the first quarter of 2010, Lexington issued 11.7 million common shares, raising net proceeds of $75.7 million. In addition, Lexington issued $115.0 million principal amount of 6.00% Convertible Notes, raising net proceeds of $111.3 million.

Lexington reduced its overall consolidated debt during the first quarter of 2010 by approximately $75.2 million. Lexington retired $175.7 million of debt in the aggregate, including $25.5 million original principal amount of its 5.45% Exchangeable Notes, $81.3 million under its secured credit facility and $68.9 million of mortgage debt. Lexington currently has $62.2 million 5.45% Exchangeable Notes outstanding, $90.0 million outstanding on the term loan portion of the secured credit facility and no borrowings outstanding on the revolving loan portion of the $150.0 million secured credit facility.

Common Share Dividend/Distribution

During the quarter ended March 31, 2010, Lexington declared a regular quarterly dividend/distribution of $0.10 per common share/unit, which was paid in cash on April 15, 2010, to common shareholders/unitholders of record as of March 31, 2010.

Effective beginning with the dividend payable with respect to the quarter ending June 30, 2010, Lexington has increased the purchase price discount on shares acquired from it or in the open market from 2.5% to 5.0% under its dividend reinvestment plan. Investors interested in participating in the plan should visit www.bnymellon.com/shareowner/isd or call 1-800-850-3948.

Page 4 of 44

OPERATING ACTIVITIES

Dispositions

During the quarter ended March 31, 2010, Lexington sold three properties to unrelated parties for an aggregate disposition price of approximately $39.9 million, including the assumption of $38.1 million in mortgage debt.

Investments

During the quarter ended March 31, 2010, Lexington:

- funded a 15%, $11.5 million mortgage loan on an office building in Schaumburg, Illinois, which matures January 15, 2012, but can be extended one additional year by the borrower. The property is net leased to Career Education Corporation from January 1, 2011 through December 31, 2022 for an average annual rent of $4.0 million. In addition, Lexington will be lending the borrower an additional $7.0 million for work being performed on the building;

- closed a $17.0 million loan principally secured by ownership pledges for and second mortgage liens against five medical facilities, which are primarily subject to single-tenant net leases. The loan is guaranteed by a parent entity and its principal, matures in December 2011 and requires payments of interest only at a rate of 14% for the first year and 16% thereafter; and

- purchased an adjacent land parcel and parking lot in a sale/leaseback transaction with an existing tenant, Nevada Power Company, which occupies a property owned by Lexington in Las Vegas, Nevada. The purchase price was $3.3 million, a portion of which was financed with a $2.5 million non-recourse mortgage note, which matures in September 2014 and bears interest at 7.5%. In connection with this transaction, the Nevada Power Company lease on the existing property was extended from January 2014 to January 2029.

Leasing Activity

For the quarter ended March 31, 2010, Lexington executed 22 new and renewal leases for approximately 413,000 square feet. Subsequent to quarter-end, Lexington executed a 16 year, 94,000 square foot lease at 100 Light Street in Baltimore, bringing the property to approximately 44% leased. At March 31, 2010, Lexington’s overall portfolio was approximately 92% leased.

2010 EARNINGS GUIDANCE

Lexington’s estimate of Company FFO remains unchanged at $0.93 to $0.97 per diluted share for the year ended December 31, 2010. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

Page 5 of 44

FIRSTQUARTER 2010 CONFERENCE CALL

Lexington will host a conference call today, Thursday, May 6, 2010, at 11:00 a.m. Eastern Time, to discuss its results for the quarter ended March 31, 2010. Interested parties may participate in this conference call by dialing (888) 437-9481 or (719) 325-2230. A replay of the call will be available through May 20, 2010, at (888) 203-1112 or (719) 457-0820, Pin #:5651841. A live web cast 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 failure to continue to qualify as a real estate investment trust, (2) changes in general business and economic conditions, including the impact of the current global financial and credit crisis, (3) competition, (4) increases in real estate construction costs, (5) changes in interest rates, or (6) 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.

Page 6 of 44

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended March 31, 2010 and 2009

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

	2010			2009
Gross revenues:
Rental	$	78,798		$	83,236
Advisory and incentive fees		414			463
Tenant reimbursements		9,706			9,797
Total gross revenues		88,918			93,496
Expense applicable to revenues:
Depreciation and amortization		(43,867	)		(43,720	)
Property operating		(20,477	)		(19,927	)
General and administrative		(5,991	)		(6,612	)
Non-operating income		2,229			4,116
Interest and amortization expense		(31,895	)		(32,804	)
Debt satisfaction gains (charges), net		(1,185	)		6,411
Change in value of forward equity commitment		2,077			(8,633	)
Impairment charges and loan loss reserves		(26,447	)		(1,085	)
Loss before provision for income taxes,  equity in earnings  (losses) of non-consolidated entities, and discontinued operations		(36,638	)		(8,758	)
Provision for income taxes		(641	)		(671	)
Equity in earnings (losses) of non-consolidated entities		5,239			(47,124	)
Loss from continuing operations		(32,040	)		(56,553	)
Discontinued operations:
Income  (loss) from discontinued operations		8			(797	)
Provision  for income taxes		-			(52	)
Debt satisfaction gains		3,808			-
Gains on sales of properties		446			3,094
Impairment charges		(1,548	)		(9,512	)
Total discontinued operations		2,714			(7,267	)
Net loss		(29,326	)		(63,820	)
Less net loss (income) attributable to noncontrolling interests		2,559			(1,128	)
Net loss attributable to Lexington Realty Trust shareholders		(26,767	)		(64,948	)
Dividends attributable to preferred shares – Series B		(1,590	)		(1,590	)
Dividends attributable to preferred shares – Series C		(1,702	)		(2,111	)
Dividends attributable to preferred shares – Series D		(2,926	)		(2,926	)
Dividends attributable to non-vested common shares		(62	)		(128	)
Net loss attributable to common shareholders	$	(33,047	)	$	(71,703	)
Income (loss) per common share – basic and diluted:
Loss from continuing operations	$	(0.29	)	$	(0.65	)
Income (loss) from discontinued operations		0.02			(0.07	)
Net loss attributable to common shareholders	$	(0.27	)	$	(0.72	)
Weighted average common shares outstanding – basic and diluted		121,472,739			99,954,569
Amounts attributable to common shareholders:
Loss from continued operations	$	(35,761	)	$	(64,511	)
Income (loss) from discontinued operations		2,714			(7,192	)
Net loss attributable to common shareholders	$	(33,047	)	$	(71,703	)

Page 7 of 44

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

March 31, 2010 and December 31, 2009

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

	2010			2009
Assets:
Real estate, at cost	$	3,497,762		$	3,552,806
Less: accumulated depreciation and amortization		554,746			537,406
		2,943,016			3,015,400
Intangible assets, net		240,884			267,161
Cash and cash equivalents		69,692			53,865
Restricted cash		23,746			21,519
Investment in and advances to non-consolidated entities		58,845			55,985
Deferred expenses, net		40,050			38,245
Notes receivable, net		87,478			60,567
Rent receivable – current		10,689			11,463
Rent receivable – deferred		15,651			12,529
Other assets		46,547			43,111
Total assets	$	3,536,598		$	3,579,845
Liabilities and Equity:
Liabilities:
Mortgages and notes payable	$	1,693,453		$	1,857,909
Exchangeable notes payable		60,940			85,709
Convertible notes payable		101,757			-
Trust preferred securities		129,120			129,120
Contract right payable		14,654			15,252
Dividends payable		19,583			18,412
Accounts payable and other liabilities		39,699			43,629
Accrued interest payable		9,572			11,068
Deferred revenue - below market leases, net		104,966			107,535
Prepaid rent		25,720			13,975
		2,199,464			2,282,609
Commitments and contingencies
Equity:
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares,
Series B Cumulative Redeemable Preferred, liquidation preference $79,000, 3,160,000 shares issued and outstanding		76,315			76,315
Series C Cumulative Convertible Preferred, liquidation preference $104,760, 2,095,200 shares issued and outstanding		101,778			101,778
Series D Cumulative Redeemable Preferred, liquidation preference $155,000, 6,200,000 shares issued and outstanding		149,774			149,774
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 133,654,086 and 121,943,258 shares issued and outstanding in 2010 and 2009, respectively		13			12
Additional paid-in-capital		1,841,114			1,750,979
Accumulated distributions in excess of net income		(917,212	)		(870,862	)
Accumulated other comprehensive income (loss)		(338	)		673
Total shareholders’ equity		1,251,444			1,208,669
Noncontrolling interests		85,690			88,567
Total equity		1,337,134			1,297,236
Total liabilities and equity	$	3,536,598		$	3,579,845

Page 8 of 44

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

EARNINGS PER SHARE AND COMPANY FUNDS FROM OPERATIONS PER SHARE

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

	Three Months Ended March 31,
	2010			2009
EARNINGS PER SHARE:
Basic and Diluted:
Loss from continuing operations  attributable to common shareholders	$	(35,761	)	$	(64,511	)
Income (loss) from discontinued operations attributable to common shareholders		2,714			(7,192	)
Net loss attributable to common shareholders	$	(33,047	)	$	(71,703	)
Weighted average number of common shares outstanding		121,472,739			99,954,569
Income (loss) per common share:
Loss from continuing operations	$	(0.29	)	$	(0.65	)
Income (loss) from discontinued operations		0.02			(0.07	)
Net  loss attributable to common shareholders	$	(0.27	)	$	(0.72	)

	Three Months Ended March 31,
	2010			2009
COMPANY FUNDS FROM OPERATIONS: (1)
Basic and Diluted:
Net  loss attributable to common shareholders	$	(33,047	)	$	(71,703	)
Adjustments:
Depreciation and amortization		43,122			46,685
Noncontrolling interests - OP units		309			88
Amortization of leasing commissions		1,073			769
Joint venture and noncontrolling interest adjustment		(320	)		6,296
Preferred dividends - Series C		1,702			2,111
Gains on sale of properties		(446	)		(3,094	)
Interest and amortization on 6.00% Convertible Notes		1,633			-
Company FFO	$	14,026		$	(18,848	)
Basic and Diluted:
Weighted average shares outstanding –basic and diluted EPS		121,472,739			99,954,569
6.00% Convertible Notes		11,581,182			-
Non-vested share-based payment awards		44,341			-
Operating Partnership Units		5,389,257			5,309,400
Preferred Shares – Series C		5,099,507			5,648,950
Weighted average common shares outstanding–basic and diluted Company FFO		143,587,026			110,912,919
Company FFO per common share—basic and diluted	$	0.10		$	(0.17	)

Page 9 of 44

1 Lexington believes that Funds from Operations (“FFO”) is a widely recognized and appropriate measure of the performance of an equity REIT.  Lexington presents FFO because it considers FFO an important supplemental measure of Lexington’s operating performance.  Lexington believes FFO is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting their results.  FFO is intended to exclude generally accepted accounting principles (“GAAP”) historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate diminishes 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.

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

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

# # #

Page 10 of 44

LEXINGTON REALTY TRUST

2010 First 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	AED Group, LLC	Dallas	TX	05/2012		1,088	$	14	$	14
2	Alice H. Vinton, d/b/a Vinton Realty	Honolulu	HI	02/2013		304	$	4	$	4
3	Arbor E&T, LLC (2)(4)	Honolulu	HI	4 years, 11 months		4,150	$	70	$	70
4	Core IP Solutions, Inc. (3)	Irvine	CA	06/2011		5,484	$	128	$	128
5	Edward Clarke III	Honolulu	HI	10/2012		301	$	4	$	4
6	Edward E. Jiang and Ming Yu You	Honolulu	HI	09/2012		565	$	11	$	11
7	Energy Ace, Inc. (4)	Decatur	GA	09/2016		6,226	$	80	$	80
8	Leetex Construction, LLC	Dallas	TX	07/2012		952	$	15	$	15
9	Sigercon, Inc.	Dallas	TX	06/2013		1,500	$	17	$	17
10	W.R. Starkey Mortgage, LLP	Dallas	TX	07/2011		1,033	$	17	$	17
11	Zigmo, LLC	Glen Allen	VA	05/2013		2,790	$	38	$	38
11	Total office/multi-tenant new leases					24,393	$	398	$	398
11	TOTAL NEW LEASES					24,393	$	398	$	398
	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	3M Company (4)	Wallingford	CT	12/2010	06/2018			44,400	$	455	$	680	$	507	$	606
2	Bill Cunningham	Dallas	TX	12/2009	03/2015			1,570	$	20	$	19	$	20	$	19
3	Donna’s Cosmetic Artist, LLC	Honolulu	HI	02/2010	02/2013			285	$	5	$	5	$	5	$	5
4	eLitigation Solutions, Inc. (4)(6)	San Francisco	CA	04/2010	04/2015			3,412	$	69	$	125	$	69	$	125
5	Honeywell International, Inc.	Beaumont	TX	07/2010	07/2013			7,045	$	74	$	112	$	74	$	112
6	Nevada Power Company (7)	Las Vegas	NV	01/2014	01/2029			282,000	$	8,071	$	7,736	$	4,253	$	4,008
7	New Cingular Wireless PCS, LLC	Dallas	TX	10/2008	12/2013			933	$	19	$	8	$	19	$	8
8	Sea World of Florida, LLC (5)	Orlando	FL	12/2009	12/2010			-	$	-	$	-	$	-	$	-
9	Stellmacher & Sadoyama, LTD	Honolulu	HI	01/2010	01/2015			5,400	$	116	$	82	$	116	$	82
10	The Realty Company, LTD	Honolulu	HI	01/2010	01/2015			1,238	$	7	$	7	$	7	$	7
10	Total office/multi-tenant lease extensions							346,283	$	8,836	$	8,774	$	5,070	$	4,972
	Retail
1	BI-LO, LLC (4)	Chattanooga	TN	07/2010	06/2012			42,130	$	134	$	130	$	134	$	130
1	Total retail lease extension							42,130	$	134	$	130	$	134	$	130
11	TOTAL LEASE EXTENSIONS							388,413	$	8,970	$	8,904	$	5,204	$	5,102
22	TOTAL NEW AND EXTENDED LEASES							412,806	$	9,368	$	8,904	$	5,602	$	5,102

Footnotes

(1) Represents next twelve months rent unless noted.

(2) Commencement date to be determined.

(3) Consolidated joint venture property, Lexington's ownership is 64.35%.

(4) New Cash and new GAAP rents for twelve months from lease commencement.

(5) Parking lease, rent amount based on usage.

(6) Reduction in square footage leased.

(7) Includes rent for new parking lot acquired in 1Q 2010.

Page 11 of 44

LEXINGTON REALTY TRUST

2010 First Quarter Investment/Disposition Summary

	PROPERTY INVESTMENTS
	Tenants/Guarantors	Location		Property Type			Basis ($000)
1	Nevada Power Company	Las Vegas, NV		Land			$	3,275
	TOTAL INVESTMENT						$	3,275
	LOAN INVESTMENTS
		Amount ($000)		Rate			Maturity
1	Schaumburg, IL (1)	$	11,497		15.0	%		01/2012
2	Various locations - TX and MO (2)	$	17,000		15.0	%		12/2011
	TOTAL INVESTMENTS	$	28,497
	DISPOSITIONS
	Tenants/Guarantors	Location		Property Type			Gross Sale Price ($000)		Annualized NOI			Month of Disposition
1	NK Pleasanton, LLC (3)	Pleasanton, CA		Office			$	3,808	$	240		Jan
2	AS Watson (Health and Beauty Continental Europe, BV) (3)	The Netherlands		Office			$	34,294	$	3,293		Feb
3	Vacant	Colorado Springs, CO		Multi-tenant			$	1,800	$	(188	)	Feb
	TOTAL DISPOSITIONS						$	39,902	$	3,345

Footnotes

(1) Lexington is obligated to fund an additional $19.2 million over the life of the loan upon the occurrence of certain events and the loan can be extended by borrower for one year under certain circumstances.

(2) Loan is interest only at a rate of 14.0% for the first year, and 16.0% thereafter.

(3) Gross sale price includes mortgage debt balance transferred in connection with the sale.

Page 12 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/10

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  03/31/2010  ($000) (2)		GAAP  Base Rent  as of  03/31/2010  ($000) (3)		Fixed Rent  at  Next  Option  ($000) (4)
OFFICE PROPERTIES
2010	12/31/2010	1701 Market St.	Philadelphia	PA	(6)(7)	City National Bank of New Jersey	1957/1997		5,315		60		60		0
2011	1/31/2011	4848 129th East Ave.	Tulsa	OK	—	HSBC Card Services, Inc. (HSBC Finance Corporation)	2000		101,100		350		350		0
	2/28/2011	4200 RCA Blvd.	Palm Beach Gardens	FL	—	The Wackenhut Corporation	1996		96,118		453		453		2,402
	9/30/2011	200 Lucent Ln.	Cary	NC	—	Alcatel-Lucent USA, Inc.	1999		124,944		570		515		0
	11/30/2011	207 Mockingbird Ln.	Johnson City	TN	—	SunTrust Bank	1979		63,800		169		189		675
	12/31/2011	2050 Roanoke Rd.	Westlake	TX	—	Chrysler Financial Services Americas, LLC	2001		130,290		915		864		0
2012	1/31/2012	26210 and 26220 Enterprise Court	Lake Forest	CA	—	Apria Healthcare, Inc. (Apria Healthcare Group, Inc.)	2001		100,012		489		448		0
		4000 Johns Creek Pkwy.	Suwanee	GA	—	Kraft Foods North America, Inc.	2001		73,264		355		346		0
		1275 Northwest 128th St.	Clive	IA	—	Principal Life Insurance Company	2004		61,180		200		200		935
	3/31/2012	1701 Market St.	Philadelphia	PA	(6)(7)	Car-Tel Communications, Inc.	1957/1997		1,220		12		12		0
		3940 South Teller St.	Lakewood	CO	—	MoneyGram Payment Systems, Inc.	2002		68,165		292		217		1,295
		120 East Shore Dr.	Glen Allen	VA	—	Capital One Services, LLC	2000		77,045		256		201		847
	6/30/2012	275 South Valencia Ave.	Brea	CA	—	Bank of America, NA	1983		637,503		2,178		2,199		0
	8/31/2012	5757 Decatur Blvd.	Indianapolis	IN	—	Allstate Insurance Company	2002		84,200		343		387		0
					—	Damar Services, Inc.	2002		5,756		11		11		47
		2706 Media Center Dr.	Los Angeles	CA	—	Sony Electronics, Inc.	2000		20,203		53		53		0
	10/31/2012	4455 American Way	Baton Rouge	LA	—	Bell South Mobility, Inc.	1997		70,100		282		278		0
	11/7/2012	2706 Media Center Dr.	Los Angeles	CA	—	Playboy Enterprises, Inc.	2000		63,049		361		314		0
	11/14/2012	2211 South 47th St.	Phoenix	AZ	—	Avnet, Inc.	1997		176,402		602		565		0
	12/31/2012	200 Executive Blvd. South	Southington	CT	—	Hartford Fire Insurance Company	1984/2006		153,364		420		406		0
2013	1/31/2013	12600 Gateway Blvd.	Fort Meyers	FL	—	Gartner, Inc.	1998		62,400		279		273		0
		810 & 820 Gears Rd.	Houston	TX	—	IKON Office Solutions, Inc.	2000		157,790		557		563		0
	3/31/2013	3165 McKelvey Rd.	Bridgeton	MO	—	BJC Health System	1981		52,994		96		132		0
		8900 Freeport Pkwy.	Irving	TX	—	Nissan Motor Acceptance Corporation (Nissan North America, Inc.)	2003		268,445		1,214		1,222		0
	4/30/2013	Sandlake Rd./Kirkman Rd.	Orlando	FL	—	Lockheed Martin Corporation	1982		184,000		240		467		960
	5/31/2013	6303 Barfield Rd.	Atlanta	GA	—	International Business Machines Corporation (Internet Security Systems, Inc.)	2000/2001		238,600		1,205		1,220		0
	6/30/2013	2210 Enterprise Dr.	Florence	SC	(6)	JPMorgan Chase Bank, National Association	1998		179,300		314		314		0
	9/30/2013	9200 South Park Center Loop	Orlando	FL	(6)	Corinthian Colleges, Inc.	2003		59,927		320		290		0
	11/30/2013	1110 Bayfield Dr.	Colorado Springs	CO	—	Honeywell International, Inc.	1980/1990/2002		166,575		436		400		1,713
	12/13/2013	3333 Coyote Hill Rd.	Palo Alto	CA	—	Xerox Corporation	1973/1975/1982		202,000		875		848		0
	12/31/2013	2550 Interstate Dr.	Harrisburg	PA	—	New Cingular Wireless PCS, LLC	1998		81,859		466		468		0
2014	1/31/2014	1701 Market St.	Philadelphia	PA	(7)	Morgan, Lewis & Bockius, LLC	1957/1997		290,565		1,116		1,116		4,631
	3/15/2014	101 East Erie St.	Chicago	IL	—	Draftfcb, Inc. (Interpublic Group of Companies, Inc.)	1986		218,414		1,035		1,253		0
	5/31/2014	3476 Stateview Blvd.	Fort Mill	SC	—	Wells Fargo Bank, N.A.	2002		169,083		628		634		0
		3480 Stateview Blvd.	Fort Mill	SC	—	Wells Fargo Bank, N.A.	2004		169,218		867		862		0
		859 Mount Vernon Hwy.	Atlanta	GA	(12)	International Business Machines Corporation (Internet Security Systems, Inc.)	2004		50,400		305		257		0
	7/31/2014	16676 Northchase Dr.	Houston	TX	—	Anadarko Petroleum Corporation	2003		101,111		407		407		0
	9/30/2014	333 Mt. Hope Ave.	Rockaway	NJ	—	BASF Corporation	1981/2002/2004		95,500		561		531		0
	10/31/2014	1409 Centerpoint Blvd.	Knoxville	TN	—	Alstom Power, Inc.	1997		84,404		404		405		0
		2800 Waterford Lake Dr.	Midlothian	VA	—	Alstom Power, Inc.	2000		99,057		502		504		0
		700 US Hwy. Route 202-206	Bridgewater	NJ	—	Biovail Pharmaceuticals, Inc. (Biovail Corporation)	1985/2003/2004		115,558		578		712		0
	12/14/2014	5150 220th Ave.	Issaquah	WA	—	OSI Systems, Inc. (Instrumentarium Corporation)	1992		106,944		549		538		0
		22011 Southeast 51st St.	Issaquah	WA	—	OSI Systems, Inc. (Instrumentarium Corporation)	1987		95,600		483		472		0

Page 13 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/10
  

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  03/31/2010  ($000) (2)		GAAP  Base Rent  as of  03/31/2010  ($000) (3)		Fixed Rent  at  Next  Option  ($000) (4)
	12/31/2014	1066 Main St.	Forest Park	GA	—	Bank of America, NA (Bank of America Corporation)	1969		14,859		50		50		199
		180 South Clinton St.	Rochester	NY	(6)	Frontier Corporation	1988/2000		226,000		744		742		0
		201 West Main St.	Cumming	GA	—	Bank of America, NA (Bank of America Corporation)	1968/1982		14,208		50		50		198
		2223 North Druid Hills Rd.	Atlanta	GA	—	Bank of America, NA (Bank of America Corporation)	1972		6,260		28		28		112
		275 Technology Dr.	Canonsburg	PA	—	ANSYS, Inc.	1996		107,872		357		344		0
		400 Butler Farm Rd.	Hampton	VA	—	Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company)	1999		100,632		307		310		0
		4545 Chamblee – Dunwoody Rd.	Chamblee	GA	—	Bank of America, NA (Bank of America Corporation)	1972		4,565		22		22		88
		825 Southway Dr.	Jonesboro	GA	—	Bank of America, NA (Bank of America Corporation)	1971		4,894		19		19		77
		956 Ponce de Leon Ave.	Atlanta	GA	—	Bank of America, NA (Bank of America Corporation)	1975		3,900		20		20		78
		1698 Mountain Industrial Blvd.	Stone Mountain	GA	—	Bank of America, NA (Bank of America Corporation)	1973		5,704		24		24		95
2015	1/31/2015	26555 Northwestern Hwy.	Southfield	MI	—	Federal-Mogul Corporation	1963/1965/1988/1989		187,163		290		355		0
	4/30/2015	13775 McLearen Rd.	Herndon	VA	—	Equant, Inc. (Equant, NV)	1984/1988/1992		125,293		527		533		0
	6/30/2015	389-399 Interpace Hwy.	Parsippany	NJ	—	Cadbury Schweppes Holdings	1999		133,647		981		975		0
	7/1/2015	33 Commercial St.	Foxboro	MA	—	Invensys Systems, Inc. (Siebe, Inc.)	1982/1987		164,689		2,800		876		3,024
	7/31/2015	4001 International Pkwy.	Carrollton	TX	—	Motel 6 Operating, LP (Accor S.A.)	2003		138,443		798		799		3,612
	9/27/2015	10001 Richmond Ave.	Houston	TX	—	Baker Hughes, Inc.	1976/1984		554,385		6,375		1,844		6,596
		12645 West Airport Rd.	Sugar Land	TX	—	Baker Hughes, Inc.	1997		165,836		1,622		489		1,976
	9/30/2015	500 Olde Worthington Rd.	Westerville	OH	(5)	InVentiv Communications, Inc.	2000		97,000		278		314		0
		550 Business Center Dr.	Lake Mary	FL	—	JPMorgan Chase Bank, National Association	1999		125,920		447		524		0
		600 Business Center Dr.	Lake Mary	FL	—	JPMorgan Chase Bank, National Association	1996		125,155		428		513		0
	10/31/2015	12209 West Markham St.	Little Rock	AR	—	Entergy Arkansas, Inc.	1981		36,311		59		59		237
2016	4/30/2016	11511 Luna Rd.	Farmers Branch	TX	—	Haggar Clothing Company (Texas Holding Clothing Corporation and Haggar Corporation)	2000		180,507		551		797		2,531
		2000 Eastman Dr.	Milford	OH	—	Siemens Shared Services, LLC	1991		221,215		622		456		2,486
	10/31/2016	104 & 110 South Front St.	Memphis	TN	—	Hnedak Bobo Group, Inc.	1871/1988/1999		37,229		121		125		0
	11/30/2016	4000 Johns Creek Pkwy.	Suwanee	GA	—	PerkinElmer Instruments, LLC	2001		13,955		57		58		0
	12/31/2016	37101 Corporate Dr.	Farmington Hills	MI	—	TEMIC Automotive of North America, Inc.	2001		119,829		768		611		0
2017	4/30/2017	1315 West Century Dr.	Louisville	CO	—	Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC)	1987/2006		106,877		345		400		0
	9/30/2017	9201 East Dry Creek Rd.	Centennial	CO	—	The Shaw Group, Inc.	2001/2002		128,500		560		593		0
	11/30/2017	6200 Northwest Pkwy.	San Antonio	TX	—	United HealthCare Services, Inc.	2000		142,500		410		466		0
2018	5/30/2018	13651 McLearen Rd.	Herndon	VA	—	US Government	1987		159,664		761		846		0
	6/30/2018	100 Barnes Rd.	Wallingford	CT	—	3M Company	1978/1985/1990/1993		44,400		170		127		0
	7/31/2018	4200 RCA Blvd.	Palm Beach Gardens	FL	—	Office Suites Plus Properties, Inc.	1996		18,400		108		112		0
	9/15/2018	295 Chipeta Way	Salt Lake City	UT	—	University of Utah	1982		295,000		925		925		0
	9/30/2018	1701 Market St.	Philadelphia	PA	(6)(7)	Brinker Corner Bakery II, LLC	1957/1997		8,070		52		52		0
	11/30/2018	4201 Marsh Ln.	Carrollton	TX	—	Carlson Restaurants Worldwide, Inc. (Carlson Companies, Inc.)	2003		130,000		482		494		0
	12/22/2018	5200 Metcalf Ave.	Overland Park	KS	(6)	Swiss Re America Holding Corporation	1980/1990/2004/2005		320,198		1,119		1,127		0
2019	4/1/2019	9201 Stateline Rd.	Kansas City	MO	(6)	Swiss Re America Holding Corporation	1963/1973/1985/2003		155,925		516		516		0
	6/19/2019	3965 Airways Blvd.	Memphis	TN	—	Federal Express Corporation	1982/1983/1985		521,286		1,694		1,753		5,375
	7/31/2019	500 Jackson St.	Columbus	IN	—	Cummins, Inc.	1984		390,100		1,107		1,135		4,925
	10/31/2019	10475 Crosspoint Blvd.	Fishers	IN	(6)	John Wiley & Sons, Inc.	1999		123,416		525		567		0
	12/31/2019	421 Butler Farm Rd.	Hampton	VA	—	Patient Advocate Foundation	2000		36,484		0		0		0
		850-950 Warrenville Rd.	Lisle	IL	(5)	National-Louis University	1985		99,414		351		414		0
2020	1/31/2020	10300 Kincaid Dr.	Fishers	IN	—	Roche Diagnostics Operations, Inc.	1999		193,000		547		856		3,812
	2/14/2020	5600 Broken Sound Blvd.	Boca Raton	FL	(6)	Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.)	1983/2002		136,789		541		561		0

Page 14 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/10

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  03/31/2010  ($000) (2)		GAAP  Base Rent  as of  03/31/2010  ($000) (3)		Fixed Rent  at  Next  Option  ($000) (4)
	7/8/2020	1460 Tobias Gadsen Blvd.	Charleston	SC	(6)	Hagemeyer North America, Inc.	2005		50,076		191		210		0
2021	1/31/2021	389-399 Interpace Hwy.	Parsippany	NJ	—	Reckitt Benckiser, Inc.	1999		186,889		1,257		1,324		0
	3/31/2021	1311 Broadfield Blvd.	Houston	TX	—	Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.)	2000		155,040		765		656		0
	6/30/2021	1415 Wyckoff Rd.	Wall	NJ	—	New Jersey Natural Gas Company	1983		157,511		731		731		4,224
	11/30/2021	29 South Jefferson Rd.	Whippany	NJ	—	CAE SimuFlite, Inc. (HP Whippany, LLC)	2006/2008		123,734		581		582		2,069
2022	12/31/2022	147 Milk St.	Boston	MA	—	Harvard Vanguard Medical Associates, Inc.	1910		52,337		383		415		0
2023	3/31/2023	6555 Sierra Dr.	Irving	TX	—	TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC)	1999		247,254		587		738		0
	7/31/2023	11201 Renner Blvd.	Lenexa	KS	(6)	Applebee’s Services, Inc. (DineEquity, Inc.)	2007		178,000		891		976		0
2025	11/30/2025	11707 Miracle Hills Dr.	Omaha	NE	—	Infocrossing, LLC (Infocrossing, Inc.)	1988/1995		85,200		292		292		0
	12/31/2025	2005 East Technology Cir.	Tempe	AZ	—	Infocrossing, Inc.	1998		60,000		282		282		0
2029	1/31/2029	6226 West Sahara Ave.	Las Vegas	NV	—	Nevada Power Company	1982		282,000		1,990		1,043		2,914
	12/31/2029	400 East Stone Ave.	Greenville	SC	(13)	Canal Insurance Company	1948/1981/1982/1986/1991/2006/2008		128,041		226		0		0
NA	NA	10475 Crosspoint Blvd.	Fishers	IN	—	(Available for Lease)	1999		17,631		0		0		0
		1701 Market St.	Philadelphia	PA	(7)	Parking Operators	1957/1997		0		482		482		0
		421 Butler Farm Rd.	Hampton	VA	—	(Available for Lease)(Prior tenant Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company))	2000		20,080		30		27		0
		389-399 Interpace Hwy.	Parsippany	NJ	—	(Available for Lease)(Prior tenant Sanofi-aventis U.S., Inc. (Aventis, Inc. and Aventis Pharma Holding GmbH))	1999		19,704		66		65		0
		101 East Erie St.	Chicago	IL	—	(Available for Lease)	1986		12,270		0		0		0
OFFICE TOTAL/WEIGHTED AVERAGE						99.5% Leased			13,064,035	$	59,120	$	51,660

Page 15 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/10

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 03/31/2010 ($000) (2)		GAAP Base Rent as of 03/31/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
INDUSTRIAL PROPERTIES
2010	4/30/2010	191 Arrowhead Dr.	Hebron	OH	—	Owens Corning Insulating Systems, LLC	1999		102,960		72		72		0
		2203 Sherrill Dr.	Statesville	NC	—	LA-Z-Boy Greensboro, Inc. (LA-Z-Boy Inc.)	1999/2002		168,600		77		98		0
	5/31/2010	200 Arrowhead Dr.	Hebron	OH	—	Owens Corning Insulating Systems, LLC	2000		400,522		200		200		0
2011	3/31/2011	2455 Premier Dr.	Orlando	FL	—	Walgreen Co.	1980		205,016		127		196		508
	5/31/2011	291 Park Center Dr.	Winchester	VA	(5)	Kraft Foods, Inc.	2001		344,700		402		394		0
	9/25/2011	3820 Micro Dr.	Millington	TN	(6)	Ingram Micro, L.P (Ingram Micro, Inc.)	1997		701,819		610		593		0
2012	8/4/2012	101 Michelin Dr.	Laurens	SC	—	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)	1991/1993		1,164,000		853		826		2,619
		7111 Crabb Rd.	Temperance	MI	—	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)	1978/1993		744,570		572		553		1,756
	10/31/2012	43955 Plymouth Oaks Blvd.	Plymouth	MI	—	Tower Automotive Operations USA I, LLC (Tower Automotive Inc.)	1996/1998		290,133		471		459		2,081
	12/31/2012	245 Salem Church Rd.	Mechanicsburg	PA	—	Exel, Inc. (NFC plc)	1985		252,000		217		216		0
2013	5/31/2013	2203 Sherrill Dr.	Statesville	NC	—	Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation)	1999/2002		471,000		326		384		0
2014	1/2/2014	2415 US Hwy. 78 East	Moody	AL	—	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)	2004		595,346		263		263		1,054
	1/31/2014	1133 Poplar Creek Rd.	Henderson	NC	—	Staples, Inc.	1998/2006		196,946		206		202		0
	12/31/2014	3686 South Central Ave.	Rockford	IL	—	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)	1992		90,000		101		79		446
		75 North St.	Saugerties	NY	(11)	Rotron, Inc. (EG&G)	1979		52,000		31		58		122
2015	12/31/2015	749 Southrock Dr.	Rockford	IL	—	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)	1992		150,000		119		122		525
2016	2/28/2016	7670 Hacks Cross Rd.	Olive Branch	MS	—	MAHLE Clevite, Inc. (MAHLE Industries, Inc.)	1989		268,104		239		229		0
	3/31/2016	19500 Bulverde Rd.	San Antonio	TX	—	Harcourt, Inc. (Harcourt General, Inc.)	2001		559,258		833		857		0
	8/31/2016	10590 Hamilton Ave.	Cincinnati	OH	—	The Hillman Group, Inc.	1991/1994/1995/2005		248,200		198		198		0
	9/30/2016	900 Industrial Blvd.	Crossville	TN	—	Dana Commercial Vehicle Products, LLC	1989/2006		222,200		171		171		0
2017	2/28/2017	3456 Meyers Ave.	Memphis	TN	—	Sears Logistics Services	1973		780,000		398		424		1,592
	6/30/2017	7500 Chavenelle Rd.	Dubuque	IA	(6)	The McGraw-Hill Companies, Inc.	2002		330,988		288		291		0
	9/30/2017	250 Swathmore Ave.	High Point	NC	—	Steelcase, Inc.	2002		244,851		269		272		1,165
	10/31/2017	1420 Greenwood Rd.	McDonough	GA	—	Versacold USA, Inc.	2000/2007		296,972		661		649		0
2018	6/30/2018	1650-1654 Williams Rd.	Columbus	OH	—	ODW Logistics, Inc.	1973		772,450		337		336		0
	9/30/2018	50 Tyger River Dr.	Duncan	SC	(6)	Plastic Omnium Exteriors, LLC	2005/2007/2008		221,833		239		239		0
2019	4/30/2019	113 Wells St.	North Berwick	ME	—	United Technologies Corporation	1965/1980		972,625		384		384		1,200
	10/17/2019	10345 Philipp Pkwy.	Streetsboro	OH	—	L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.)	2004		649,250		630		653		3,149
2020	3/31/2020	2425 Hwy. 77 North	Waxahachie	TX	—	James Hardie Building Products, Inc. (James Hardie, NV)	1996/2001		335,610		850		850		0
	6/30/2020	3102 Queen Palm Dr.	Tampa	FL	—	Time Customer Service, Inc. (Time, Inc.)	1986		229,605		286		319		0
	9/30/2020	3350 Miac Cove Rd.	Memphis	TN	—	Mimeo.com, Inc.	1987		107,399		100		93		0
	12/19/2020	1901 Ragu Dr.	Owensboro	KY	(9)	Unilever Supply Chain, Inc. (Unilever United States, Inc.)	1975/1979/1995		443,380		259		370		1,802
2021	3/30/2021	121 Technology Dr.	Durham	NH	—	Heidelberg Web Systems, Inc.	1986/2002/2003		500,500		658		500		0
	5/31/2021	477 Distribution Pkwy.	Collierville	TN	—	Federal Express Corporation	1984/1987/2005		120,000		120		101		0
	11/30/2021	2880 Kenny Biggs Rd.	Lumberton	NC	—	Quickie Manufacturing Corporation	1998/2001/2006		423,280		319		339		0
	12/31/2021	224 Harbor Freight Rd.	Dillon	SC	(6)	Harbor Freight Tools USA, Inc. (Central Purchasing, Inc.)	2001/2005		1,010,859		751		779		0
2025	6/30/2025	10000 Business Blvd.	Dry Ridge	KY	—	Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited)	1988/1999		336,350		336		336		1,402
		4010 Airpark Dr.	Owensboro	KY	—	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1998/2006		211,598		302		302		829
		301 Bill Bryan Rd.	Hopkinsville	KY	—	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1989/1999/2000/2005		424,904		422		422		1,512
		730 North Black Branch Rd.	Elizabethtown	KY	—	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	2001		167,770		134		134		558
		750 North Black Branch Rd.	Elizabethtown	KY	—	Metalsa Structural Products, Inc. (Dana Holding Corporation and Dana Limited)	1995/2000/2001		539,592		710		710		2,960
	7/31/2025	7005 Cochran Rd.	Glenwillow	OH	—	Royal Appliance Manufacturing Company	1997		458,000		486		563		0
2026	10/31/2026	5001 Greenwood Rd.	Shreveport	LA	—	Libbey Glass, Inc. (Libbey, Inc.)	2006		646,000		491		541		0

Page 16 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/10

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 03/31/2010 ($000) (2)		GAAP Base Rent as of 03/31/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
NA	NA	1109 Commerce Blvd.	Swedesboro	NJ	—	(Available for Lease)	1998		262,644		0		0		0
		1601 Pratt Ave.	Marshall	MI	—	(Available for Lease)(Prior tenant Joseph Campbell Company)	1979		58,300		32		32		0
		1665 Hughes Way	Long Beach	CA	(8)	(Available for Lease)	1981		200,541		0		0		0
		191 Arrowhead Dr.	Hebron	OH	—	(Available for Lease)	1999		147,450		0		0		0
		250 Rittenhouse Cir.	Bristol	PA	—	(Available for Lease)	1983/1997		255,019		0		0		0
		3350 Miac Cove Rd.	Memphis	TN	—	(Available for Lease)	1987		32,679		0		0		0
		34 East Main St.	New Kingstown	PA	—	(Available for Lease)	1981		179,200		0		0		0
		6 Doughten Rd.	New Kingstown	PA	—	(Available for Lease)	1989		330,000		0		0		0
INDUSTRIAL TOTAL/WEIGHTED AVERAGE						92.3% Leased			18,917,023	$	15,550	$	15,809

Page 17 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/10

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  03/31/2010  ($000) (2)	GAAP  Base Rent  as of  03/31/2010  ($000) (3)	Fixed Rent  at  Next  Option  ($000) (4)
RETAIL PROPERTIES
2011	5/31/2011	18601 Alderwood Mall Blvd.	Lynnwood	WA	—	Toys “R” Us, Inc.	1981/1993	43,105	70	75	279
		4811 Wesley St.	Greenville	TX	—	Safeway Stores, Inc.	1985	48,492	43	60	171
		12535 Southeast 82nd Ave.	Clackamas	OR	—	Toys “R” Us, Inc.	1981	42,842	76	81	298
		6910 South Memorial Hwy.	Tulsa	OK	—	Toys “R” Us, Inc.	1981	43,123	64	68	255
	6/30/2011	4733 Hills & Dales Rd.	Canton	OH	—	Bally's Total Fitness of the Midwest, Inc. (Bally's Health & Tennis Corporation)	1987	37,214	70	59	0
	12/29/2011	13133 Steubner Ave.	Houston	TX	—	The Kroger Co.	1980	52,200	70	101	281
2012	4/30/2012	10415 Grande Ave.	Sun City	AZ	—	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1982	10,000	41	66	0
		119 North Balboa Rd.	El Paso	TX	—	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1982	10,000	41	34	0
		402 East Crestwood Dr.	Victoria	TX	—	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1982	10,000	41	29	0
		4121 South Port Ave.	Corpus Christi	TX	—	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1980	10,000	41	34	0
		900 South Canal St.	Carlsbad	NM	—	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1980	10,000	41	26	0
		901 West Expwy.	McAllen	TX	—	Cafeteria Operators, LP (Furrs Restaurant Group, Inc.)	1980	10,000	41	41	0
	5/31/2012	3451 Alta Mesa Blvd.	Fort Worth	TX	—	Minyard Food Stores, Inc.	1985	44,000	76	90	304
	6/30/2012	1600 East 23rd St.	Chattanooga	TN	—	BI-LO, LLC	1983	42,130	32	32	138
	11/30/2012	101 West Buckingham Rd.	Garland	TX	—	Minyard Food Stores, Inc.	1982	40,000	81	81	326
		120 South Waco St.	Hillsboro	TX	—	Brookshire Grocery Company	1985	35,000	40	47	161
		205 Homer Rd.	Minden	LA	—	Brookshire Grocery Company	1985	35,000	48	71	193
2013	2/28/2013	US 221 & Hospital Rd.	Jefferson	NC	—	Food Lion, Inc. (Delhaize America, Inc.)	1981	23,000	18	18	73
		104 Branchwood Shopping Center	Jacksonville	NC	—	Food Lion, Inc. (Delhaize America, Inc.)	1982/1995	23,000	21	28	84
		291 Talbert Blvd.	Lexington	NC	—	Food Lion, Inc. (Delhaize America, Inc.)	1981	23,000	35	35	138
		S. Carolina 52/52 Bypass	Moncks Corner	SC	—	Food Lion, Inc. (Delhaize America, Inc.)	1982	23,000	15	31	62
		3211 West Beverly St.	Staunton	VA	—	Food Lion, Inc. (Delhaize America, Inc.)	1971	23,000	41	41	166
	7/1/2013	1053 Mineral Springs Rd.	Paris	TN	—	The Kroger Co.	1982	31,170	40	53	159
		302 Coxcreek Pkwy.	Florence	AL	—	The Kroger Co.	1983	42,130	56	78	223
	10/31/2013	1084 East Second St.	Franklin	OH	—	Marsh Supermarkets, Inc.	1961/1978	29,119	28	39	111
		130 Midland Ave.	Port Chester	NY	—	Pathmark Stores, Inc.	1982	59,000	115	299	458
		5104 North Franklin Rd.	Lawrence	IN	—	Marsh Supermarkets, Inc.	1958	28,721	48	48	193
2014	3/31/2014	N.E.C. 45th St./Lee Blvd.	Lawton	OK	—	Associated Wholesale Grocers, Inc.	1984	30,757	46	52	185
2015	1/31/2015	1700 State Route 160	Port Orchard	WA	—	Moran Foods, Inc. d/b/a Save-A-Lot, Ltd.	1983	16,037	20	20	97
	5/31/2015	24th St. West & St. John’s Ave.	Billings	MT	—	Safeway Stores, Inc.	1981	40,800	47	83	186
2017	3/31/2017	1610 South Westmoreland Ave.	Dallas	TX	—	Malone’s Food Stores, Ltd.	1960	68,024	90	120	376
2018	2/26/2018	4831 Whipple Ave., Northwest	Canton	OH	—	Best Buy Company, Inc.	1995	46,350	116	116	465
		399 Peachwood Centre Dr.	Spartanburg	SC	—	Best Buy Company, Inc.	1996	45,800	99	99	395
	9/30/2018	835 Julian Ave.	Thomasville	NC	—	Mighty Dollar, LLC	1983	23,767	17	17	0
	10/31/2018	10340 U.S. 19	Port Richey	FL	—	Kingswere Furniture, LLC	1980	53,280	87	87	400
	12/31/2018	1150 West Carl Sandburg Dr.	Galesburg	IL	—	Kmart Corporation	1992	94,970	14	82	0
		12080 Carmel Mountain Rd.	San Diego	CA	—	Sears Holdings Corporation	1993	107,210	16	188	0
		21082 Pioneer Plaza Dr.	Watertown	NY	—	Kmart Corporation	1993	120,727	23	120	0
		255 Northgate Dr.	Manteca	CA	—	Kmart Corporation	1993	107,489	25	139	0
		5350 Leavitt Rd.	Lorain	OH	—	Kmart Corporation	1993	193,193	35	183	0
		97 Seneca Trail	Fairlea	WV	—	Kmart Corporation	1993/1999	90,933	16	87	0
2021	1/31/2021	3040 Josey Ln.	Carrollton	TX	—	Ong’s Family, Inc.	1984	61,000	68	101	0

Page 18 of 44

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/10

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  03/31/2010  ($000) (2)		GAAP  Base Rent  as of  03/31/2010  ($000) (3)	Fixed Rent  at  Next  Option  ($000) (4)
2028	1/31/2028	2010 Apalachee Pkwy.	Tallahassee	FL	—	Kohl's Department Stores, Inc.	2007	102,381		100		105	484
	8/31/2028	9803 Edmonds Way	Edmonds	WA	—	Pudget Consumers Co-op d/b/a PCC Natural Markets	1981	34,459		151		151	0
NA	NA	1700 State Route 160	Port Orchard	WA	—	(Available for Lease)	1983	11,931		0		0	0
		35400 Cowan Rd.	Westland	MI	—	(Available for Lease)	1987/1997	101,402		0		0	0
		5544 Atlanta Hwy.	Montgomery	AL	—	(Available for Lease)	1980/2007	60,698		0		0	0
		811 US Hwy. 17	North Myrtle Beach	SC	—	(Available for Lease)	1981	41,021		0		0	0
	RETAIL TOTAL/WEIGHTED AVERAGE					90.6% Leased		2,280,475	$	2,303	$	3,415

Page 19 of 44

LEXINGTON REALTY TRUST
Property Leases and Vacancies - Consolidated Portfolio - 3/31/10
Year of Lease Expiration	Date of Lease  Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Built/ Renovated/ Expanded	Gross Book Value ($000) (14)		Sq.Ft.		Percentage Leased			Cash Rent as of 03/31/2010 ($000) (2)		GAAP Base Rent as of 03/31/2010 ($000) (3)		Debt  Balance  ($000)
MULTI-TENANT PROPERTIES
Various	Various	10 John St.	Clinton	CT	(9)	Multi-Tenant	1972		3,195		41,188		0	%		0		0		0
		100 East Shore Dr.	Glen Allen	VA	—	Multi-Tenant	1999		11,630		67,508		99	%		328		328		19,571
		30/100 Light St.	Baltimore	MD	—	Multi-Tenant	1973/2009		212,295		523,240		28	%		920		920		0
		130 East Shore Dr.	Glen Allen	VA	(17)	Multi-Tenant	2000		13,726		79,675		57	%		161		205		0
		13430 North Black Canyon Fwy.	Phoenix	AZ	(15)	Multi-Tenant	1981/1982/2005/2007/2009		26,077		138,499		100	%		510		527		0
		1500 Hughes Way	Long Beach	CA	(8)(16)	Multi-Tenant	1981		120,985		490,555		67	%		1,631		1,710		14,654
		160 Clairemont Ave.	Decatur	GA	—	Multi-Tenant	1983		20,177		121,686		71	%		338		338		0
		17770 Cartwright Rd.	Irvine	CA	(10)	Multi-Tenant	1982		36,295		143,165		81	%		542		654		0
		2300 Litton Ln.	Hebron	KY	(15)	Multi-Tenant	1986/1996		10,179		80,441		100	%		117		114		0
		255 California St.	San Francisco	CA	—	Multi-Tenant	1959		38,075		173,747		64	%		529		705		0
		3468 Georgia Hwy. 120	Duluth	GA	(15)	Multi-Tenant	1971		1,950		10,341		0	%		0		0		0
		350 Pine St.	Beaumont	TX	(15)	Multi-Tenant	1981		30,294		425,198		82	%		1,015		1,062		0
		6050 Dana Way	Antioch	TN	—	Multi-Tenant	1999		26,462		674,528		52	%		273		273		13,232
		6277 Sea Harbor Dr.	Orlando	FL	—	Multi-Tenant	1984		51,721		355,840		0	%		22		22		0
		6301 Gaston Ave.	Dallas	TX	—	Multi-Tenant	1970/1981		8,539		173,855		64	%		369		369		0
		King St./1032 Fort St. Mall	Honolulu	HI	(15)	Multi-Tenant	1979/2002		47,170		324,901		96	%		642		665		0
MULTI-TENANT TOTAL/WEIGHTED AVERAGE						58.7% Leased					3,824,367				$	7,397	$	7,892	$	47,457
	TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE					91.2% Leased					38,085,900				$	84,370	$	78,776

Footnotes

(1) Square foot leased or vacant.

(2) Three months ended 03/31/10 cash rent.

(3) Three months ended 03/31/10 GAAP base rent.

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

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

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

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

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

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

(10) Lexington has a 64.4% interest in this property.

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

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

(13) Property is classified as a capital lease for GAAP.

(14) Represents GAAP capitalized costs.

(15) Property is collateral for secured credit facility.

(16) Contract right payable.

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

Page 20 of 44

LEXINGTON REALTY TRUST
Property Leases and Vacancies - Net Lease Strategic Assets Fund Portfolio - 3/31/10
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 03/31/2010 ($000) (2)		GAAP Base Rent as of 03/31/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
NET LEASE STRATEGIC ASSETS FUND PROPERTIES
2010	4/30/2010	109 Stevens St.	Jacksonville	FL	(5)	Cardinal Unijax, LLC and Camelot Drive Holdings, LLC	1959/1967		58,589		37		37		0
	10/31/2010	265 Lehigh St.	Allentown	PA	—	Wachovia Bank, NA	1980		71,230		62		143		261
2011	5/31/2011	1200 Jupiter Rd.	Garland	TX	—	Raytheon Company	1980		278,759		377		513		1,588
	7/15/2011	19019 North 59th Ave.	Glendale	AZ	—	Honeywell International, Inc.	1986/1997/2000		252,300		613		777		0
2012	4/30/2012	3600 Army Post Rd.	Des Moines	IA	(6)	HP Enterprise Services, LLC	2002		405,000		735		742		0
	5/31/2012	101 Creger Dr.	Ft. Collins	CO	—	Lithia Real Estate, Inc. (Lithia Motors, Inc.)	1982		10,000		69		59		0
2013	5/31/2013	2401 Cherahala Blvd.	Knoxville	TN	—	Advance PCS, Inc.	2002		59,748		225		225		0
	6/30/2013	420 Riverport Rd.	Kingsport	TN	—	Kingsport Power Company	1981		42,770		77		77		310
		8555 South River Pkwy.	Tempe	AZ	(6)	ASM Lithography, Inc. (ASM Lithography Holding, NV)	1998		95,133		589		553		0
	10/14/2013	3943 Denny Ave.	Pascagoula	MS	—	Northrop Grumman Systems Corporation	1995		94,841		159		159		0
	12/31/2013	120 Southeast Pkwy. Dr.	Franklin	TN	—	Essex Group, Inc. (United Technologies Corporation)	1970/1983		289,330		184		163		735
2014	1/31/2014	1401 & 1501 Nolan Ryan Pkwy.	Arlington	TX	—	Siemens Shared Services, LLC	2003		236,547		681		670		0
	4/30/2014	12000 & 12025 Tech Center Dr.	Livonia	MI	(6)	Kelsey-Hayes Company (TRW Automotive, Inc.)	1987/1988/1990		180,230		497		518		0
	7/1/2014	70 Mechanic St.	Foxboro	MA	—	Invensys Systems, Inc. (Siebe, Inc.)	1965/1967/1971		251,914		1,566		1,463		2,817
	12/31/2014	324 Industrial Park Rd.	Franklin	NC	(5)	SKF USA, Inc.	1996		72,868		106		106		0
2015	6/30/2015	2935 Van Vactor Dr.	Plymouth	IN	—	Bay Valley Foods, LLC	2000/2003		300,500		198		202		853
		3711 San Gabriel	Mission	TX	—	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)	2003		75,016		263		255		0
		2500 Patrick Henry Pkwy.	McDonough	GA	—	Georgia Power Company	1999		111,911		374		384		0
		1700 47th Ave North	Minneapolis	MN	(5)	Owens Corning Roofing and Asphalt, LLC	2003		18,620		150		150		0
	9/27/2015	9110 Grogans Mill Rd.	The Woodlands	TX	—	Baker Hughes, Inc.	1992		275,750		56		779		2,756
		2529 West Thorne Dr.	Houston	TX	—	Baker Hughes, Inc.	1982/1999		65,500		15		209		746
	10/31/2015	5201 West Barraque St.	Pine Bluff	AR	—	Entergy Services, Inc.	1964/1973		27,189		48		48		192
2016	1/31/2016	1600 Eberhardt Rd.	Temple	TX	—	Nextel of Texas (Nextel Finance Company)	2001		108,800		381		404		0
	7/14/2016	1400 Northeast McWilliams Rd.	Bremerton	WA	—	Nextel West Corporation	2002		60,200		271		291		0
	11/30/2016	736 Addison Rd.	Erwin	NY	(6)	Corning, Inc.	2006		408,000		294		295		0
2017	12/31/2017	11411 North Kelly Ave.	Oklahoma City	OK	—	American Golf Corporation	1991/1996		13,924		119		120		0
2018	3/15/2018	601 & 701 Experian Pkwy.	Allen	TX	—	Experian Information Solutions, Inc. (Experian Holdings, Inc.)	1981/1983		292,700		768		932		0
	8/31/2018	3500 North Loop Rd.	McDonough	GA	—	Litton Loan Servicing, LP	2007		62,218		287		287		0
	9/30/2018	904 Industrial Rd.	Marshall	MI	—	Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.)	1968/1972/2008		246,508		191		201		925
2019	1/31/2019	2999 Southwest 6th St.	Redmond	OR	—	VoiceStream PCS I, LLC (T-Mobile USA, Inc.)	2004		77,484		377		393		0
	6/28/2019	3265 East Goldstone Dr.	Meridian	ID	(6)	VoiceStream PCS Holding, LLC  (T-Mobile USA, Inc.)	2004		77,484		316		341		0
	10/31/2019	17191 St. Luke's Way	The Woodlands	TX	—	Montgomery County Management Company, LLC	2004		41,000		199		246		0
		9601 Renner Blvd.	Lenexa	KS	(6)	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)	2004		77,484		323		348		0
2020	5/31/2020	359 Gateway Dr.	Lavonia	GA	—	TI Group Automotive Systems, LLC (TI Automotive, Ltd.)	2005		133,221		300		300		0
	6/30/2020	10419 North 30th St.	Tampa	FL	—	Time Customer Service, Inc.	1986		132,981		323		339		0
	8/31/2020	First Park Dr.	Oakland	ME	(6)	Omnipoint Holdings, Inc. (T-Mobile USA, Inc.)	2005		78,610		320		287		0
	11/30/2020	11555 University Blvd.	Sugar Land	TX	—	KS Management Services, LLP (St. Luke’s Episcopal Health System Corporation)	2005		72,683		279		313		0
2021	10/25/2021	6938 Elm Valley Dr.	Kalamazoo	MI	—	Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited)	1999/2004		150,945		461		483		0
2022	7/31/2022	1440 East 15th St.	Tucson	AZ	—	CoxCom, Inc.	1988		28,591		131		137		0
2025	7/14/2025	590 Ecology Ln.	Chester	SC	—	Owens Corning, Inc.	2001/2005		420,597		546		542		1,678

Page 21 of 44

LEXINGTON REALTY TRUST
Property Leases and Vacancies - Net Lease Strategic Assets Fund Portfolio - 3/31/10
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 03/31/2010 ($000) (2)		GAAP Base Rent as of 03/31/2010 ($000) (3)		Fixed Rent at Next Option  ($000) (4)
2026	8/31/2026	25500 State Hwy. 249	Tomball	TX	—	Parkway Chevrolet, Inc. (Raymond Durdin and Jean W. Durdin)	2005		77,076		325		377		0
2027	4/30/2027	2424 Alpine Rd.	Eau Claire	WI	(6)	Silver Spring Gardens, Inc. (Huntsinger Farms, Inc.)	1993/2004		159,000		232		293		0
NA	NA	109 Stevens St.	Jacksonville	FL	—	(Available for Lease)	1959/1967		110,211		0		0		0
	NET LEASE STRATEGIC ASSETS FUND TOTAL/WEIGHTED AVERAGE					98.2% Leased			6,103,462	$	13,524	$	15,161

Footnotes

(1) Square foot leased or vacant.

(2) Three months ended 03/31/10 cash rent.

(3) Three months ended 03/31/10 GAAP base rent.

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

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

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

Page 22 of 44

LEXINGTON REALTY TRUST

Lease Rollover Schedule by Property Type - Cash Basis

3/31/2010

	Office						Industrial						Retail
Year	Net  Rentable  Area		Cash Rent  as of  3/31/2010  ($000)		Annual  Rent  PSF		Net  Rentable  Area		Cash Rent  as of  3/31/2010  ($000)		Annual  Rent  PSF		Net  Rentable  Area		Cash Rent  as of  3/31/2010  ($000)		Annual  Rent  PSF
2010		5,315	$	60	$	45.16		672,082	$	349	$	2.08		-	$	-	$	-
2011		516,252	$	2,457	$	19.04		1,251,535	$	1,139	$	3.64		266,976	$	393	$	5.89
2012		1,591,463	$	5,854	$	14.71		2,450,703	$	2,113	$	3.45		256,130	$	523	$	8.17
2013		1,653,890	$	6,002	$	14.52		471,000	$	326	$	2.77		305,140	$	417	$	5.47
2014		2,084,748	$	9,056	$	17.38		934,292	$	601	$	2.57		30,757	$	46	$	5.98
2015		1,853,842	$	14,605	$	15.51		150,000	$	119	$	3.17		56,837	$	67	$	4.72
2016		572,735	$	2,119	$	14.80		1,297,762	$	1,441	$	4.44		-	$	-	$	-
2017		377,877	$	1,315	$	13.92		1,652,811	$	1,616	$	3.91		68,024	$	90	$	5.29
2018		975,732	$	3,617	$	14.83		994,283	$	576	$	2.32		883,719	$	448	$	2.03
2019		1,326,625	$	4,193	$	12.64		1,621,875	$	1,014	$	2.50		-	$	-	$	-
2020		379,865	$	1,279	$	13.47		1,115,994	$	1,495	$	5.36		-	$	-	$	-
2021		623,174	$	3,334	$	21.40		2,054,639	$	1,848	$	3.60		61,000	$	68	$	4.46
2022		52,337	$	383	$	29.27		-	$	-	$	-		-	$	-	$	-
2023		425,254	$	1,478	$	13.90		-	$	-	$	-		-	$	-	$	-
2024		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2025		145,200	$	574	$	15.81		2,138,214	$	2,390	$	4.47		-	$	-	$	-
2026		-	$	-	$	-		646,000	$	491	$	3.04		-	$	-	$	-
2027		-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
2028		-	$	-	$	-		-	$	-	$	-		136,840	$	251	$	7.34
2029		410,041	$	2,216	$	21.62		-	$	-	$	-		-	$	-	$	-
Total/Weighted Average (1)		12,994,350	$	58,542	$	15.74		17,451,190	$	15,518	$	3.56		2,065,423	$	2,303	$	4.46

Footnotes

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

Page 23 of 44

LEXINGTON REALTY TRUST

Lease Rollover Schedule - GAAP Basis

3/31/2010

Year	Number of  Leases  Expiring		GAAP Base  Rent as of 3/31/2010  ($000)		Percent of  GAAP Base Rent  as of  3/31/2010
2010		4	$	430		0.6	%
2011		14	$	3,998		5.7	%
2012		29	$	8,242		11.7	%
2013		22	$	7,251		10.3	%
2014		27	$	9,954		14.2	%
2015		14	$	7,506		10.7	%
2016		9	$	3,502		5.0	%
2017		8	$	3,215		4.6	%
2018		19	$	5,376		7.6	%
2019		8	$	5,422		7.7	%
2020		7	$	3,259		4.6	%
2021		9	$	5,113		7.3	%
2022		1	$	415		0.6	%
2023		2	$	1,714		2.4	%
2024		-	$	-		0.0	%
2025		8	$	3,041		4.3	%
2026		1	$	541		0.8	%
2027		-	$	-		0.0	%
2028		2	$	256		0.4	%
2029		2	$	1,043		1.5	%
Total (1)		186	$	70,278		100.0	%

Footnotes

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

Page 24 of 44

LEXINGTON REALTY TRUST

Mortgage Notes Receivable

3/31/2010

Collateral			Note							Current  Estimated  Annual		Balloon		Escrow
			Balance		Interest			Maturity		Debt Service		Payment		Balance
	City	State	$(000)(1)		Rate			Date		$(000)		$(000)		$(000)
Medical Facilities	Various (2)	MO/TX	$	17,112		15.00	%		12/2011	$	2,440	$	17,000	$	-
Office	Schaumburg (3)	IL	$	11,835		15.00	%		01/2012	$	-	$	11,835	$	-
	Westmont (4)	IL	$	27,751		6.45	%		10/2015	$	2,090	$	25,731	$	4,847
	Southfield	MI	$	9,172		4.55	%		02/2015	$	1,282	$	5,810	$	-
	Wilsonville	OR	$	10,719		5.46	%		08/2015	$	750	$	9,684	$	1,343
Retail	Austin	TX	$	1,316		16.00	%		10/2018	$	-	$	5,104	$	-
	Tampa	FL	$	202		8.00	%		12/2020	$	29	$	-	$	-
	Various	Various	$	6,840		8.00	%		01/2014	$	2,288	$	-	$	-
	Various	Various	$	1,447		8.00	%		02/2021	$	82	$	-	$	-
	Various	Various	$	879		8.00	%		03/2022	$	74	$	-	$	-
	Various	Various	$	796		8.00	%		12/2021	$	61	$	-	$	-
Total Mortgage Notes Receivables			$	88,069						$	9,096	$	75,164	$	6,190

Footnotes

(1) Includes accrued interest and excludes net origination fees.

(2) Loan is interest only at a rate of 14.0% for the first year, and 16.0% thereafter.

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

(4) Escrow balance includes $4,419 in a collateral escrow account maintained by the borrower.

Page 25 of 44

LEXINGTON REALTY TRUST

2010 First Quarter Financing Summary

DEBT RETIRED

		Face ($000)		Satisfaction ($000)		Rate			Due/Put Date
1	Pleasanton, CA (1)	$	3,808	$	3,808		10.25	%		01/2010
2	Hampton, VA	$	6,779	$	6,779		8.27	%		04/2010
3	Hampton, VA	$	4,157	$	4,157		8.26	%		04/2010
4	Credit Facility	$	7,000	$	7,000		3.08	%		02/2011
5	Term Loan	$	74,348	$	74,348		3.08	%		02/2011
6	Renswoude, The Netherlands (1)	$	34,293	$	34,293		5.31	%		04/2011
7	Exchangeable Guaranteed Notes	$	25,500	$	25,493		5.45	%		01/2012
8	San Francisco, CA	$	19,771	$	19,771		6.00	%		03/2013
	TOTAL	$	175,656	$	175,649

NEW CORPORATE LEVEL FINANCING

		Amount ($000)		Rate			Maturity
1	Convertible Guaranteed Notes (2)	$	115,000		6.00	%		01/2030
	TOTAL	$	115,000

NEW PROPERY LEVEL FINANCING

		Amount ($000)		Rate			Maturity
1	Columbus, IN (3)	$	611		7.50	%		09/2014
2	Las Vegas, NV (3)	$	744		7.50	%		09/2014
3	Memphis, TN (3)	$	1,095		7.50	%		09/2014
	TOTAL	$	2,450

Footnotes

(1) Assumed by buyer on sale of property.

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

(3) Cross-collateralized.

Page 26 of 44

LEXINGTON REALTY TRUST

Debt Maturity Schedule

3/31/2010

($000)

Consolidated Properties

Year	Real Estate  Scheduled  Amortization		Real Estate  Balloon Payments		Corporate Debt
2010	$	17,783	$	71,458	$	-
2011		30,691		49,924		90,000
2012		30,922		191,034		62,150	(1)
2013		27,108		234,937		60,723
2014		26,856		235,879		-
	$	133,360	$	783,232	$	212,873

Non-Consolidated Investments - LXP Proportionate Share

Year	Real Estate  Scheduled  Amortization		Real Estate  Balloon Payments
2010	$	1,475	$	1,140
2011		2,686		6,903
2012		2,756		3,323
2013		2,895		2,496
2014		2,514		4,061
	$	12,326	$	17,923

Footnotes

(1) Assumes debt is put to Lexington in 2012.

Page 27 of 44

LEXINGTON REALTY TRUST

2010 Mortgage Maturities by Property Type

3/31/2010

	Property Location	City	State	Net Rentable Area		Mortgage Balance  at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross  Book  Value  ($000) (1)		Cash Rent  as of  3/31/2010  ($000)		GAAP  Base Rent  as of  3/31/2010  ($000)
Office	550 Business Center Dr.	Lake Mary	FL		125,920	$	12,082		10/2010		09/2015	$	23,958	$	447	$	524
	600 Business Center Dr.	Lake Mary	FL		125,155	$	12,118		10/2010		09/2015	$	23,846	$	428	$	513
	6555 Sierra Dr.	Irving	TX		247,254	$	24,454		10/2010		03/2023	$	46,661	$	587	$	738
	13651 McLearen Rd.	Herndon	VA		159,664	$	17,301		12/2010		05/2018	$	27,815	$	761	$	846
Industrial	3102 Queen Palm Dr.	Tampa	FL		229,605	$	5,503		08/2010		06/2020	$	9,648	$	286	$	319
Retail	1150 West Carl Sandburg Dr.	Galesburg	IL		94,970	$	-		07/2010		12/2018	$	2,884	$	14	$	82
	12080 Carmel Mountain Rd.	San Diego	CA		107,210	$	-		07/2010		12/2018	$	5,463	$	16	$	188
	21082 Pioneer Plaza Dr.	Watertown	NY		120,727	$	-		07/2010		12/2018	$	5,316	$	23	$	120
	255 Northgate Dr.	Manteca	CA		107,489	$	-		07/2010		12/2018	$	6,509	$	25	$	139
	5350 Leavitt Rd.	Lorain	OH		193,193	$	-		07/2010		12/2018	$	8,513	$	35	$	183
	97 Seneca Trail	Fairlea	WV		90,933	$	-		07/2010		12/2018	$	3,360	$	16	$	87
	Total 2010 Mortgage Maturities				1,602,120	$	71,458					$	163,973	$	2,638	$	3,739

Footnotes

(1) Represents GAAP capitalized costs.

Page 28 of 44

LEXINGTON REALTY TRUST

2011 Mortgage Maturities by Property Type

3/31/2010

	Property Location	City	State	Net Rentable Area		Mortgage Balance  at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross  Book  Value  ($000) (1)		Cash Rent  as of  3/31/2010  ($000)		GAAP  Base Rent  as of  3/31/2010  ($000)
Office	389-399 Interpace Hwy.	Parsippany	NJ		340,240	$	37,047		03/2011		2015/2021	$	109,010	$	2,304	$	2,364
	100 Barnes Rd.	Wallingford	CT		44,400	$	3,187		05/2011		06/2018	$	5,778	$	170	$	127
Industrial	291 Park Center Dr.	Winchester	VA		344,700	$	9,690		08/2011		05/2011	$	18,865	$	402	$	394
	Total 2011 Mortgage Maturities				729,340	$	49,924					$	133,653	$	2,876	$	2,885

Footnotes

(1) Represents GAAP capitalized costs.

Page 29 of 44

LEXINGTON REALTY TRUST

2012 Mortgage Maturities by Property Type

3/31/2010

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 3/31/2010 ($000)		GAAP Base Rent as of 3/31/2010 ($000)
Office	1315 West Century Dr.	Louisville	CO		106,877	$	7,195		01/2012		04/2017	$	16,933	$	345	$	400
	2000 Eastman Dr.	Milford	OH		221,215	$	12,686		02/2012		04/2016	$	26,595	$	622	$	456
	26210 and 26220 Enterprise Court	Lake Forest	CA		100,012	$	9,708		02/2012		01/2012	$	17,211	$	489	$	448
	200 Lucent Ln.	Cary	NC		124,944	$	12,543		05/2012		09/2011	$	23,881	$	570	$	515
	2050 Roanoke Rd.	Westlake	TX		130,290	$	17,829		05/2012		12/2011	$	32,697	$	915	$	864
	3940 South Teller St.	Lakewood	CO		68,165	$	7,890		05/2012		03/2012	$	12,155	$	292	$	217
	37101 Corporate Dr.	Farmington Hills	MI		119,829	$	17,724		09/2012		12/2016	$	32,876	$	768	$	611
	4455 American Way	Baton Rouge	LA		70,100	$	5,948		10/2012		10/2012	$	13,868	$	282	$	278
	1110 Bayfield Dr.	Colorado Springs	CO		166,575	$	10,272		12/2012		11/2013	$	19,579	$	436	$	400
Industrial	245 Salem Church Rd.	Mechanicsburg	PA		252,000	$	4,514		01/2012		12/2012	$	9,085	$	217	$	216
	34 East Main St.	New Kingstown	PA		179,200	$	2,914		01/2012	NA		$	6,034	$	-	$	-
	6 Doughten Rd.	New Kingstown	PA		330,000	$	6,116		01/2012	NA		$	12,342	$	-	$	-
	3820 Micro Dr.	Millington	TN		701,819	$	16,222		05/2012		09/2011	$	24,870	$	610	$	593
	101 Michelin Dr.	Laurens	SC		1,164,000	$	14,022		09/2012		08/2012	$	34,460	$	853	$	826
	7111 Crabb Rd.	Temperance	MI		744,570	$	9,400		09/2012		08/2012	$	21,249	$	572	$	553
	19500 Bulverde Rd.	San Antonio	TX		559,258	$	26,025		10/2012		03/2016	$	41,882	$	833	$	857
	43955 Plymouth Oaks Blvd.	Plymouth	MI		290,133	$	10,026		12/2012		10/2012	$	19,161	$	471	$	459
	Total 2012 Mortgage Maturities				5,328,987	$	191,034					$	364,878	$	8,275	$	7,693

Footnotes

(1) Represents GAAP capitalized costs.

Page 30 of 44

LEXINGTON REALTY TRUST

2013 Mortgage Maturities by Property Type

3/31/2010

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 3/31/2010 ($000)		GAAP Base Rent as of 3/31/2010 ($000)
Office	3476 Stateview Blvd.	Fort Mill	SC		169,083	$	9,904		01/2013		05/2014	$	18,079	$	628	$	634
	9201 East Dry Creek Rd.	Centennial	CO		128,500	$	13,555		02/2013		09/2017	$	26,922	$	560	$	593
	12600 Gateway Blvd.	Fort Meyers	FL		62,400	$	8,550		05/2013		01/2013	$	13,755	$	279	$	273
	200 Executive Blvd. South	Southington	CT		153,364	$	12,228		05/2013		12/2012	$	27,874	$	420	$	406
	275 South Valencia Ave.	Brea	CA		637,503	$	73,071		05/2013		06/2012	$	118,929	$	2,178	$	2,199
	5757 Decatur Blvd.	Indianapolis	IN		89,956	$	8,580		05/2013		08/2012	$	15,220	$	354	$	398
	810 & 820 Gears Rd.	Houston	TX		157,790	$	15,737		05/2013		01/2013	$	26,819	$	557	$	563
	8900 Freeport Pkwy.	Irving	TX		268,445	$	36,466		05/2013		03/2013	$	59,730	$	1,214	$	1,222
	6303 Barfield Rd.	Atlanta	GA		238,600	$	40,356		05/2013		05/2013	$	62,264	$	1,205	$	1,220
	2211 South 47th St.	Phoenix	AZ		176,402	$	16,490		09/2013		11/2012	$	25,017	$	602	$	565
	Total 2013 Mortgage Maturities				2,082,043	$	234,937					$	394,609	$	7,997	$	8,073

Footnotes

(1) Represents GAAP capitalized costs.

Page 31 of 44

LEXINGTON REALTY TRUST

2014 Mortgage Maturities by Property Type

3/31/2010

	Property Location	City	State	Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 3/31/2010 ($000)		GAAP Base Rent as of 3/31/2010 ($000)
Office	33 Commercial St.	Foxboro	MA		164,689	$	-		01/2014		07/2015	$	29,238	$	2,800	$	876
	1275 Northwest 128th St.	Clive	IA		61,180	$	5,151		05/2014		01/2012	$	10,599	$	200	$	200
	3480 Stateview Blvd.	Fort Mill	SC		169,218	$	18,311		05/2014		05/2014	$	29,174	$	867	$	862
	1701 Market St. (2)	Philadelphia	PA		305,170	$	43,547		07/2014	Various		$	69,017	$	1,722	$	1,722
	10300 Kincaid Dr.	Fishers	IN		193,000	$	10,466		08/2014		01/2020	$	29,019	$	547	$	856
	3965 Airways Blvd.	Memphis	TN		521,286	$	47,270		09/2014		06/2019	$	116,410	$	1,694	$	1,753
	500 Jackson St.	Columbus	IN		390,100	$	26,399		09/2014		07/2019	$	53,821	$	1,107	$	1,135
	6226 West Sahara Ave.	Las Vegas	NV		282,000	$	32,118		09/2014		01/2029	$	64,735	$	1,990	$	1,043
	22011 Southeast 51st St./5150 220th Ave.	Issaquah	WA		202,544	$	30,388		12/2014		12/2014	$	51,195	$	1,032	$	1,010
	275 Technology Dr.	Canonsburg	PA		107,872	$	9,095		12/2014		12/2014	$	15,739	$	357	$	344
Industrial	2415 US Hwy. 78 East	Moody	AL		595,346	$	6,350		01/2014		01/2014	$	11,575	$	263	$	263
	1109 Commerce Blvd.	Swedesboro	NJ		262,644	$	6,784		04/2014	NA		$	14,695	$	-	$	-
	Total 2014 Mortgage Maturities				3,255,049	$	235,879					$	495,217	$	12,579	$	10,064

Footnotes

(1) Represents GAAP capitalized costs.

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

Page 32 of 44

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2010

Property	Footnotes	Debt  Balance  ($000)		Interest  Rate  (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Lorain, OH	(b)	$	376		5.540	%		07/2010	$	386	$	-
Manteca, CA	(b)		265		5.540	%		07/2010		273		-
Watertown, NY	(b)		249		5.540	%		07/2010		256		-
Lewisburg, WV	(b)		175		5.540	%		07/2010		180		-
San Diego, CA	(b)		169		5.540	%		07/2010		174		-
Galesburg, IL	(b)		149		5.540	%		07/2010		153		-
Tampa, FL			5,536		6.880	%		08/2010		194		5,503
Irving, TX	(b)		24,777		6.587	%		10/2010		1,180		24,454
Lake Mary, FL	(b)		12,302		6.502	%		10/2010		670		12,118
Lake Mary, FL	(b)		12,266		6.502	%		10/2010		668		12,082
Herndon, VA			17,481		8.180	%		12/2010		1,267		17,301
Parsippany, NJ	(b)		37,998		6.349	%		03/2011		3,395		37,047
Wallingford, CT			3,246		4.926	%		05/2011		221		3,187
Winchester, VA	(b)		10,059		6.346	%		08/2011		908		9,690
Louisville, CO			7,391		5.830	%		01/2012		544		7,195
New Kingston, PA			6,490		7.790	%		01/2012		678		6,116
Mechanicsburg, PA			4,747		7.780	%		01/2012		500		4,514
New Kingston, PA			3,092		7.780	%		01/2012		323		2,914
Milford, OH	(b)		14,323		6.612	%		02/2012		1,822		12,686
Lake Forest, CA			10,012		7.260	%		02/2012		901		9,708
Westlake, TX	(b)		18,424		5.392	%		05/2012		1,280		17,829
Millington, TN			16,822		5.247	%		05/2012		1,181		16,222
Cary, NC	(b)		12,739		5.584	%		05/2012		796		12,543
Lakewood, CO			8,201		5.097	%		05/2012		566		7,890
Farmington Hills, MI	(b)		18,747		5.723	%		09/2012		1,500		17,724
Laurens, SC	(b)		15,264		5.911	%		09/2012		1,396		14,022
Temperance, MI	(b)		10,232		5.912	%		09/2012		936		9,400
Baton Rouge, LA	(b)		6,238		5.333	%		10/2012		443		5,948
San Antonio, TX			27,529		6.080	%		10/2012		2,260		26,025
Plymouth, MI	(b)		11,080		5.964	%		12/2012		1,026		10,026
Colorado Springs, CO	(b)		10,912		5.996	%		12/2012		887		10,272
Fort Mill, SC			10,497		6.000	%		01/2013		839		9,904
Centennial, CO	(b)		14,602		5.724	%		02/2013		1,177		13,555
Brea, CA	(b)		76,119		5.734	%		05/2013		5,361		73,071
Atlanta, GA			42,753		5.268	%		05/2013		3,004		40,356
Irving, TX	(b)		38,394		5.452	%		05/2013		2,702		36,466
Houston, TX			16,658		5.218	%		05/2013		1,166		15,737
Southington, CT			12,969		5.018	%		05/2013		890		12,228
Indianapolis, IN			9,099		5.168	%		05/2013		633		8,580
Fort Meyers, FL			8,912		5.268	%		05/2013		582		8,550
Phoenix, AZ			17,969		6.270	%		09/2013		1,527		16,490
Foxboro, MA	(b)		11,362		6.000	%		01/2014		3,378		-
Moody, AL			6,937		4.978	%		01/2014		493		6,350
Swedesboro, NJ	(b)		7,141		5.545	%		04/2014		482		6,784

 

Page 33 of 44

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2010

Property	Footnotes	Debt  Balance  ($000)		Interest  Rate  (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Clive, IA			5,587		5.139	%		05/2014		387		5,151
Fort Mill, SC			19,613		5.373	%		05/2014		1,364		18,311
Philadelphia, PA	(p)		47,112		5.060	%		07/2014		3,178		43,547
Fishers, IN			11,443		6.375	%		08/2014		932		10,466
Columbus, IN	(i)		25,831		6.150	%		09/2014		1,611		25,831
Las Vegas, NV	(i)		31,427		6.150	%		09/2014		1,960		31,427
Memphis, TN	(i)		46,253		6.150	%		09/2014		2,884		46,253
Columbus, IN	(i)		611		7.500	%		09/2014		54		568
Las Vegas, NV	(i)		744		7.500	%		09/2014		66		691
Memphis, TN	(i)		1,095		7.500	%		09/2014		97		1,017
Issaquah, WA	(b)		31,883		5.665	%		12/2014		2,113		30,388
Canonsburg, PA	(b)		9,077		5.426	%		12/2014		489		9,095
Chicago, IL	(b)		29,221		5.639	%		01/2015		1,548		29,900
Carrollton, TX			13,389		5.530	%		01/2015		993		12,022
Herndon, VA	(b)		11,506		5.885	%		04/2015		888		10,359
Richmond, VA	(b)		19,571		5.377	%		05/2015		1,268		18,321
Houston, TX			16,003		5.160	%		05/2015		1,114		14,408
Rockaway, NJ			14,900		5.292	%		05/2015		799		14,900
Houston, TX			12,501		5.210	%		05/2015		874		11,265
Fishers, IN			12,443		5.160	%		05/2015		865		11,188
San Antonio, TX			12,347		5.340	%		05/2015		875		11,149
Atlanta, GA			11,325		5.260	%		05/2015		727		10,502
Los Angeles, CA			10,849		5.110	%		05/2015		750		9,760
Richmond, VA			10,030		5.310	%		05/2015		708		9,055
Harrisburg, PA			8,649		5.110	%		05/2015		599		7,780
Knoxville, TN			7,375		5.310	%		05/2015		520		6,658
Tulsa, OK			7,249		5.060	%		05/2015		499		6,517
Carrollton, TX	(b)		20,038		5.725	%		07/2015		1,382		18,710
Elizabethtown, KY	(j)		14,993		4.990	%		07/2015		1,042		13,358
Hopkinsville, KY			8,789		4.990	%		07/2015		611		7,830
Dry Ridge, KY	(n)		6,400		4.990	%		07/2015		445		5,702
Owensboro, KY	(n)		5,684		4.990	%		07/2015		395		5,064
Elizabethtown, KY	(j)		2,829		4.990	%		07/2015		197		2,520
Houston, TX	(b)		47,242		6.250	%		09/2015		8,351		18,161
Sugar Land, TX	(b)		12,280		6.250	%		09/2015		2,131		6,286
Bridgewater, NJ			14,805		5.732	%		03/2016		860		13,825
Omaha, NE			8,514		5.610	%		04/2016		621		7,560
Tempe, AZ			8,041		5.610	%		04/2016		586		7,140
Lisle, IL			10,258		6.500	%		06/2016		793		9,377
Dallas, TX	(b)		18,521		5.939	%		07/2016		1,136		18,365
Rochester, NY	(f)		18,466		6.210	%		08/2016		1,383		16,765
Statesville, NC	(f)		13,849		6.210	%		08/2016		1,037		12,574
Rockford, IL	(f)		6,777		6.210	%		08/2016		508		6,153
Glenwillow, OH			16,693		6.130	%		09/2016		1,240		15,132
Memphis, TN			3,890		5.710	%		01/2017		275		3,484

 

Page 34 of 44

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2010

Property	Footnotes	Debt  Balance  ($000)		Interest  Rate  (%)			Maturity (a)		Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Orlando, FL			9,975		5.722	%		02/2017		579		9,309
Dubuque, IA			10,232		5.402	%		06/2017		733		8,725
Shreveport, LA			19,000		5.690	%		07/2017		1,096		19,000
McDonough, GA			23,000		6.110	%		11/2017		1,425		21,651
Lorain, OH	(b)		1,255		7.750	%		07/2018		108		-
Manteca, CA	(b)		887		7.750	%		07/2018		77		-
Watertown, NY	(b)		834		7.750	%		07/2018		72		-
Lewisburg, WV	(b)		586		7.750	%		07/2018		51		-
San Diego, CA	(b)		565		7.750	%		07/2018		49		-
Galesburg, IL	(b)		498		7.750	%		07/2018		43		-
Boston, MA			13,492		6.100	%		12/2018		996		11,520
Overland Park, KS	(b)		37,126		5.891	%		05/2019		2,657		31,819
Kansas City, MO	(b)		17,694		5.883	%		05/2019		1,268		15,182
Streetsboro, OH	(b)		19,149		5.749	%		09/2019		1,344		16,338
Boca Raton, FL			20,400		6.470	%		02/2020		1,338		18,383
Wall, NJ	(b)		27,528		6.250	%		01/2021		3,182		-
Charleston, SC			7,350		5.850	%		02/2021		436		6,632
Durham, NH	(b)		18,175		6.750	%		03/2021		1,472		-
Antioch, TN	(b)		13,232		6.320	%		10/2021		1,580		774
Whippany, NJ			15,946		6.298	%		11/2021		1,344		10,400
Dillon, SC			21,927		5.974	%		02/2022		1,832		13,269
Subtotal/Wtg. Avg./Years Remaining (l)		$	1,545,657		5.855	%		4.6	$	122,035	$	1,338,024
Corporate
Term Loan	(c)		90,000		3.080	%		02/2011		2,811		90,000
Term Loan	(h)(k)		35,723		5.520	%		03/2013		1,999		35,723
Term Loan	(h)(k)		25,000		5.520	%		03/2013		1,399		25,000
Exchangeable Notes	(e)(m)		62,150		5.450	%		01/2027		3,387		62,150
Convertible Notes	(o)(q)		115,000		6.000	%		01/2030		6,900		115,000
Trust Preferred Notes	(g)		129,120		6.804	%		04/2037		8,785		129,120
Subtotal/Wtg. Avg./Years Remaining (l)		$	456,993		5.514	%		10.1	$	25,281	$	456,993
Total/Wtg. Avg./Years Remaining (l)		$	2,002,650		5.777	%		5.9	$	147,316	$	1,795,017

Footnotes

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

(b) Debt balances based upon imputed interest rates.

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

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

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

(f) Properties are cross-collateralized properties.

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

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

(i) Properties are cross-collateralized properties.

(j) Properties are cross-collateralized properties.

(k) Represents full payable of loans, discount of $2,927 excluded from balance.

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

(m) Represents full payable of notes, discount of $1,210 excluded from balance.

(n) Properties are cross-collateralized properties.

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

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

(q) Represents full payable of notes, discount of $13,243 excluded from balance.

 

Page 35 of 44

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

3/31/2010

Joint Venture	Debt Balance ($000)		LXP  Proportionate  Share  ($000) (3)		Interest  Rate  (%)			Maturity		Current Estimated Annual Debt Service ($000) (4)		Balloon Payment ($000)		Proportionate  Share Balloon  Payment  ($000) (3)
Net Lease Strategic	$	7,659	$	1,149		6.930	%		08/2010	$	281	$	7,603	$	1,140
Harpard		423		115		9.875	%		01/2011		442		-		-
Net Lease Strategic		2,120		318		7.500	%		01/2011		151		2,076		311
Net Lease Strategic		13,592		2,039		7.400	%		04/2011		1,258		13,365		2,005
Net Lease Strategic		30,582		4,587		5.126	%		05/2011		1,589		30,582		4,587
Taber		366		100		10.125	%		06/2011		313		-		-
Jayal		673		200		11.500	%		03/2012		303		-		-
Net Lease Strategic		22,761		3,414		5.147	%		05/2012		1,464		22,153		3,323
Net Lease Strategic		7,437		1,116		7.670	%		01/2013		2,907		-		-
Net Lease Strategic		12,864		1,930		5.148	%		05/2013		894		12,144		1,822
Net Lease Strategic		4,827		724		5.950	%		09/2013		381		4,496		674
Net Lease Strategic		20,140		3,021		5.810	%		02/2014		1,551		18,588		2,788
Net Lease Strategic		9,246		1,387		5.616	%		04/2014		697		8,484		1,273
Net Lease Strategic		1,099		165		8.500	%		04/2015		271		-		-
Net Lease Strategic		16,661		2,499		5.411	%		05/2015		1,189		15,087		2,263
Net Lease Strategic - Oklahoma TIC		14,749		885		5.240	%		05/2015		944		13,673		820
Net Lease Strategic		12,415		1,862		5.212	%		06/2015		836		11,349		1,702
Net Lease Strategic		6,023		903		5.783	%		06/2015		462		5,371		806
Net Lease Strategic		18,027		2,704		8.036	%		09/2015		3,432		6,925		1,039
Net Lease Strategic		5,181		777		8.036	%		09/2015		947		2,203		330
Net Lease Strategic		8,451		1,268		6.090	%		01/2016		668		7,446		1,117
Net Lease Strategic		6,246		937		6.090	%		04/2016		494		5,465		820
Net Lease Strategic		6,397		960		6.315	%		09/2016		497		5,723		858
One Summit		16,332		4,900		9.375	%		10/2016		3,344		-		-
Net Lease Strategic		9,033		1,355		6.063	%		11/2016		683		8,023		1,203
One Summit		10,664		3,199		10.625	%		11/2016		2,239		-		-
Net Lease Strategic		8,853		1,328		5.910	%		10/2018		728		6,624		994
Net Lease Strategic		9,691		1,454		6.010	%		08/2019		753		7,658		1,149
Net Lease Strategic		7,500		1,125		6.507	%		11/2019		495		6,692		1,004

 

Page 36 of 44

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

3/31/2010

Joint Venture	Debt Balance ($000)		LXP  Proportionate  Share  ($000) (3)		Interest  Rate  (%)			Maturity		Current Estimated Annual Debt Service ($000) (4)		Balloon Payment ($000)		Proportionate  Share Balloon  Payment  ($000) (3)
Net Lease Strategic		9,779		1,467		6.270	%		12/2019		774		7,755		1,163
Net Lease Strategic		9,450		1,418		9.800	%		02/2020		1,909		-		-
Net Lease Strategic		9,891		1,484		5.930	%		10/2020		750		7,660		1,149
Net Lease Strategic		9,229		1,384		5.460	%		12/2020		741		5,895		884
Net Lease Strategic		9,401		1,410		5.640	%		01/2021		692		7,018		1,053
Net Lease Strategic		11,984		1,798		5.380	%		08/2025		1,144		362		54
Total/Wtg. Avg. (1)/Years Remaining (2)	$	349,746	$	55,382		6.684	%		5.7	$	36,223	$	250,420	$	36,331

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.

 

Page 37 of 44

 

LEXINGTON REALTY TRUST

Partnership Interests

Three Months Ended March 31, 2010

($000)

Noncontrolling Interest Properties - Partners' Proportionate Share (1)
EBITDA	$	1,196
Interest expense	$	287
Depreciation and amortization	$	587
Impairment loss on real estate	$	3,134
Non-Consolidated Net Leased Real Estate - Lexington's Share
EBITDA	$	8,015
Interest expense	$	935

Footnotes

(1) Does not include OP unit noncontrolling interests.

Page 38 of 44

LEXINGTON REALTY TRUST

Selected Balance Sheet Account Detail

3/31/2010

($000)

Other assets	$	46,547
The components of other assets are:
Deposits, including forward purchase equity commitment	$	22,509
Investments		10,531
Equipment		1,294
Prepaids		5,137
Other receivables		1,079
Other		5,997
Accounts payable and other liabilities	$	39,699
The components of accounts payable and other liabilities are:
Accounts payable and accrued expenses	$	12,448
CIP accruals and other		7,562
Taxes		1,434
Deferred lease costs		1,351
Subordinated notes		2,010
Deposits		1,850
Escrows		2,191
Sale/leaseback financing obligation		4,750
Transaction costs		592
Derivative liability		5,511

Page 39 of 44

LEXINGTON REALTY TRUST

Revenue Data

3/31/2010

($000)

Base Rent Estimates for Current Assets

Year	Cash (1)		GAAP (1)
2010 - remainder	$	225,270	$	232,521
2011		301,547		304,111
2012		274,416		274,974
2013		234,810		234,377
2014		196,185		199,832

Other Revenue Data

Asset Class	GAAP  Base Rent  as of  3/31/10 (2)		Percentage
Office	$	51,660		65.6	%
Industrial	$	15,809		20.1	%
Retail	$	3,415		4.3	%
Multi-tenant	$	7,892		10.0	%
	$	78,776		100.0	%
Credit Ratings  (3)			��
Investment Grade	$	35,203		44.7	%
Non-Investment Grade	$	12,456		15.8	%
Unrated	$	31,117		39.5	%
	$	78,776		100.0	%

Footnotes

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

(2) Three months ended 3/31/2010 GAAP base rent recognized for consolidated properties owned as of 03/31/2010.

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

Page 40 of 44

LEXINGTON REALTY TRUST

Top 20 Markets

3/31/2010

	Core Based Statistical Area (2)	Percent of GAAP Base Rent as of 3/31/10 (1)
1	Dallas-Fort Worth-Arlington, TX		7.9	%
2	Los Angeles-Long Beach-Santa Ana, CA		6.8	%
3	New York-Northern New Jersey-Long Island, NY-NJ-PA		6.6	%
4	Houston-Sugar Land-Baytown, TX		5.0	%
5	Memphis, TN-MS-AR		4.2	%
6	Atlanta-Sandy Springs-Marietta, GA		3.9	%
7	Kansas City, MO-KS		3.3	%
8	Orlando-Kissimmee, FL		2.6	%
9	Detroit-Warren-Livonia, MI		2.5	%
10	Indianapolis-Carmel, IN		2.4	%
11	Boston-Cambridge-Quincy, MA-NH		2.3	%
12	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2.2	%
13	Chicago-Naperville-Joliet, IL-IN-WI		2.1	%
14	Charlotte-Gastonia-Concord, NC-SC		1.9	%
15	Phoenix-Mesa-Scottsdale, AZ		1.8	%
16	Washington-Arlington-Alexandria, DC-VA-MD-WV		1.8	%
17	San Antonio, TX		1.7	%
18	Richmond, VA		1.6	%
19	Seattle-Tacoma-Bellevue, WA		1.6	%
20	Denver-Aurora, CO		1.5	%
	Total Top 20 Markets (3)		63.7	%

Footnotes

(1)  Three months ended 3/31/2010 GAAP base rent recognized for consolidated properties owned as of 3/31/2010.

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

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

Page 41 of 44

LEXINGTON REALTY TRUST

Tenant Industry Diversification

3/31/2010

Industry Category	Percent of  GAAP Base  Rent as of  3/31/10 (1)
Finance/Insurance		12.0	%
Technology		9.4	%
Consumer Products		9.3	%
Energy		9.1	%
Automotive		9.1	%
Food		7.4	%
Service		6.7	%
Transportation/Logistics		6.1	%
Healthcare		6.0	%
Construction/Materials		3.8	%
Telecommunications		3.7	%
Media/Advertising		3.5	%
Aerospace/Defense		2.9	%
Education		2.7	%
Printing/Production		2.6	%
Retail Department & Discount		1.9	%
Real Estate		1.2	%
Apparel		1.0	%
Retail - Specialty		0.7	%
Security		0.6	%
Retail - Electronics		0.3	%
Total (2)		100.0	%

Footnotes

(1) Three months ended 3/31/2010 GAAP base rent recognized for consolidated properties owned as of 3/31/2010.

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

Page 42 of 44

LEXINGTON REALTY TRUST

Top 10 Tenants or Guarantors

3/31/2010

Tenants or Guarantors	Number of Leases	Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			GAAP Base Rent as of 3/31/10 ($000) (1)		Percent of GAAP Base Rent as of 3/31/10 ($000) (1)
Bank of America, NA	8		691,893		1.8	%	$	2,412		3.1	%
Baker Hughes, Inc.	2		720,221		1.9	%		2,333		3.0	%
Dana Holding Corporation and Dana Limited	6		1,902,414		5.0	%		2,075		2.6	%
Federal Express Corporation	2		641,286		1.7	%		1,854		2.4	%
Swiss Re America Holding Corporation	2		476,123		1.3	%		1,643		2.1	%
CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)	3		2,503,916		6.6	%		1,642		2.1	%
Morgan, Lewis & Bockius, LLC  (3)	1		290,565		0.8	%		1,598		2.0	%
Wells Fargo Bank, N.A.	3		354,732		0.9	%		1,533		1.9	%
International Business Machines Corporation (Internet Security Systems, Inc.)	2		289,000		0.8	%		1,477		1.9	%
JPMorgan Chase Bank, National Association	3		430,375		1.1	%		1,351		1.7	%
	32		8,300,525		21.9	%	$	17,918		22.8	%

Footnotes

(1) Three months ended 3/31/2010 GAAP base rent recognized for consolidated properties owned as of 3/31/2010.

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

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

Page 43 of 44

Investor Information

Transfer Agent		Investor Relations
BNY Mellon Shareowner Services		Patrick Carroll
480 Washington Blvd.		Executive Vice President and Chief Financial Officer
Jersey City NJ 07310-1900		Telephone (direct)       (212) 692-7215
(800) 850-3948		Facsimile (main)         (212) 594-6600
www.bnymellon.com/shareowner/isd		E-mail                          pcarroll@lxp.com
Research Coverage
Barclays Capital		Morgan, Keegan & Co., Inc.
Ross L. Smotrich	(212) 526-2306	Stephen C. Swett	(212) 508-7585
Friedman, Billings, Ramsey		Raymond James & Assoc.
Gabe Poggi	(703) 469-1141	Paul Puryear	(727) 567-2253
J.P. Morgan Chase		Stifel Nicolaus
Anthony Paolone, CFA	(212) 622-6682	John W. Guinee	(443) 224-1307
Keefe, Bruyette & Woods		Wells Fargo Securities, LLC
Sheila K. McGrath	(212) 887-7793	Todd J. Stender	(212) 214-8067

Page 44 of 44