Exhibit 31.2


                                  CERTIFICATION
                                  -------------


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

1.      I have reviewed this quarterly report on Form 10-Q of the Company;

2.      Based on my knowledge, this quarterly 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 quarterly report;

3.      Based on my knowledge,  the financial  statements,  and other  financial
        information  included in this  quarterly  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
        quarterly 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 quarterly 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
- ----------------------------------
Patrick Carroll
Chief Financial Officer
August 12, 2004