EXHIBIT 31.2

                                 CERTIFICATION

I, Patrick Carroll, Chief Financial Officer of Lexington Corporate Properties
Trust (the "Company"), certify that:

     1. I have reviewed this annual report on Form 10-K of the Company;

     2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

     3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Company as of, and for, the periods presented in this annual report;

     4. The Company's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and have:

        a) designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the Company, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this annual report is being prepared;

        b) evaluated the effectiveness of the Company's disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures as of the end of the period covered by
this report based on such evaluation; and

        c) disclosed in this report any change in the Company's internal control
over financial reporting that occurred during the period covered by this report
that has materially affected, or is reasonably likely to materially affect, the
Company's internal control over financial reporting;

     5. The Company's other certifying officers and I have disclosed, based on
our most recent evaluation of internal control over financial reporting, to the
Company's auditors and the Audit Committee of Company's board of trustees (or
persons performing the equivalent functions):

        a) all significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the Company's ability to record, process, summarize
and report financial information; and

        b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the Company's internal control over
financial reporting.

/s/ PATRICK CARROLL
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Patrick Carroll
Chief Financial Officer

February 26, 2004