Exhibit 99.2
LEXINGTON CORPORATE PROPERTIES TRUST
SUPPLEMENTAL REPORTING PACKAGE
For the six months ended June 30, 2005
Table of Contents
Income Statements.............................................. 1
Balance Sheets................................................. 2
Second Quarter Transaction Summary............................. 3
First Quarter Transaction Summary.............................. 6
Property Holdings.............................................. 7
Properties by Location......................................... 19
Lease Rollover Schedules....................................... 20
Mortgages and Notes Payable.................................... 22
Revenue by Tenant Industry..................................... 27
Revenue by MSA................................................. 28
Other Revenue Data............................................. 30
LEXINGTON CORPORATE PROPERTIES TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(dollars in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
2005 2004 2005 2004
---- ---- ---- ----
Gross revenues:
Rental $ 46,208 $ 34,693 $ 82,967 $ 65,309
Advisory fees 2,556 777 3,191 1,727
Tenant reimbursements 2,106 1,347 2,994 2,794
-------- -------- -------- --------
Total gross revenues 50,870 36,817 89,152 69,830
Expense applicable to revenues:
Depreciation and amortization (18,111) (8,598) (29,874) (15,731)
Property operating (4,919) (2,229) (7,565) (4,451)
General and administrative (4,663) (2,537) (9,011) (6,008)
Non-operating income 206 640 892 756
Interest and amortization expense (16,426) (12,315) (29,096) (21,643)
Debt satisfaction gains, net 4,632 -- 4,632 --
-------- -------- -------- --------
Income before (provision) benefit for income taxes, minority
interests, equity in earnings of non-consolidated
entities and discontinued operations 11,589 11,778 19,130 22,753
(Provision) benefit for income taxes (595) (67) (1,467)
29
Minority interests (1,497) (1,188) (2,347) (2,394)
Equity in earnings of non-consolidated entities 1,334 1,717 2,759 3,521
-------- -------- -------- --------
Income from continuing operations 11,455 11,712 19,475 22,413
-------- -------- -------- --------
Discontinued operations, net of minority interest:
Income from discontinued operations 769 1,056 1,562 2,329
Impairment charges (592) (478) (623) (2,212)
Gains on sales of properties 4,317 2,327 5,061 4,065
-------- -------- -------- --------
Total discontinued operations 4,494 2,905 6,000 4,182
-------- -------- -------- --------
Net income 15,949 14,617 25,475 26,595
Dividends attributable to preferred shares - Series B (1,590) (1,590) (3,180) (3,180)
Dividends attributable to preferred shares - Series C (2,519) -- (5,038) --
-------- -------- -------- --------
Net income allocable to common shareholders $ 11,840 $ 13,027 $ 17,257 $ 23,415
Depreciation and amortization 17,995 9,109 29,784 16,860
Minority interests - OP Units 1,394 1,180 2,251 2,109
Amortization of leasing commissions 129 183 253 365
Joint venture adjustment - depreciation 4,471 1,559 7,619 2,873
Preferred share dividend - Series C 2,519 -- 5,038 --
Gains on sales of properties (4,317) (2,327) (5,061) (4,065)
-------- -------- -------- --------
Funds from operations(2) $ 34,031 $ 22,731 $ 57,141 $ 41,557
======== ======== ======== ========
Rent below GAAP revenue(1) $ 1,290 $ 1,218 $ 1,349 $ 1,749
======== ======== ======== ========
Per share/unit
Basic net income $ 0.24 $ 0.27 $ 0.35 $ 0.52
Diluted net income $ 0.22 $ 0.27 $ 0.33 $ 0.52
Funds from operations(2)-basic $ 0.57 $ 0.43 $ 0.96 $ 0.82
Funds from operations(2)-diluted $ 0.57 $ 0.43 $ 0.96 $ 0.82
1
LEXINGTON CORPORATE PROPERTIES TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
6/30/05 12/31/04
------- --------
Real estate, at cost $ 1,899,774 $ 1,407,872
Accumulated depreciation (200,371) (180,610)
Investment in joint ventures 159,387 132,738
Properties held for sale - discontinued operations 52,975 13,216
Intangible assets, net 139,119 54,736
Cash and cash equivalents 42,380 146,957
Deferred expenses, net 13,316 7,860
Rent receivable 4,392 4,123
Rent receivable - deferred 24,807 23,923
Due from affiliates -- 45,800
Other assets 48,470 40,472
------------------- -------------------
$ 2,184,249 $ 1,697,087
=================== ===================
Mortgages and notes payable $ 1,220,834 $ 765,144
Liabilities - discontinued operations 16,753 1,688
Other liabilities 22,531 22,388
Prepaid rent 6,548 3,818
Minority interests 57,413 56,759
Shareholders' equity 860,170 847,290
------------------- -------------------
$ 2,184,249 $ 1,697,087
=================== ===================
Common shares 49,301,514 48,621,273
Preferred shares - Series B 3,160,000 3,160,000
Preferred shares - Series C 3,100,000 2,700,000
Operating partnership units 5,374,499 5,408,699
------------------- -------------------
60,936,013 59,889,972
=================== ===================
1 Equal to the difference between rents collected and straight-line rental
income recognized under generally accepted accounting principles.
2 The Company believes that Funds From Operations ("FFO") enhances an
investor's understanding of the Company's financial condition, results of
operations and cash flows. The Company believes that FFO is an
appropriate, but limited, measure of the performance of an equity REIT.
FFO is defined in the April 2002 "White Paper" issued by the National
Association of Real Estate Investment Trusts, Inc. ("NAREIT") as "net
income (or loss) computed in accordance with generally accepted accounting
principles ("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 should not be
considered an alternative to net income as an indicator of operating
performance or to cash flows from operating activities as determined in
accordance with GAAP, or as a measure of liquidity to other consolidated
income or cash flow statement data as determined in accordance with GAAP.
2
LEXINGTON CORPORATE PROPERTIES TRUST
2005 Second Quarter Transaction Summary
Acquisitions ($000's) Average
Property Capitalized Annual Average Lease
Tenants/Guarantors Location Type Costs Rent net Yield Term
- ------------------ -------- ---- ----- -------- ----- ----
Bank of America NT & SA(2) Los Angeles, CA Office $ 121,075 $ 9,106 7.5% 06/12
Internet Security Systems, Inc. Atlanta, GA Office 76,606 5,676 7.4 05/13
Nissan Motor Acceptance Corp./Nissan
North America, Inc.(1) Irving, TX Office 60,414 4,810 8.0 03/13
Experian Information Solutions,
Inc./TRW Inc. Dallas, TX Office 47,022 3,374 7.2 10/10
Capital One Services, Inc.(1) - 3 leases Richmond, VA Office 33,049 2,890 8.7 05/06 &
03/10
Chrysler Financial Company LLC(1) Westlake, TX Office 32,297 2,740 8.5 12/11
Dana Corporation Farmington Hills, MI Office 29,258 2,319 7.9 10/21
Transocean, Inc. 08/09 &
& Newpark Resources, Inc. Houston, TX Office 25,512 2,256 8.8 03/11
IKON Office Solutions, Inc. Houston, TX Office 26,765 2,251 8.4 01/13
Lucent Technologies, Inc. (1) Raleigh, NC Office 22,428 1,643 7.3 09/11
ASM Lithograph Holding NV Tempe, AZ Office 21,014 1,841 8.7 06/13
John Wiley & Sons, Inc. Fishers, IN Office 21,533 1,873 8.7 10/09
AT&T Wireless Services, Inc. 08/10 &
& Jordan Associates, Inc.(3) Oklahoma City, OK Office 21,524 1,698 7.9 12/08
Kerr-McGee Corporation Houston, TX Office 19,264 1,627 8.4 07/14
PacifiCare Health Systems, Inc. San Antonio, TX Office 19,812 1,621 8.2 11/10
AT&T Wireless Services, Inc. Harrisburg, PA Office 15,103 1,449 9.6 11/08
The Dial Corporation Phoenix, AZ Office 23,594 1,914 8.1 08/08
AmeriCredit Corporation Jacksonville, FL Office 12,761 1,530 11.9 06/11
Metris Companies, Inc. Tulsa, OK Office 13,115 1,307 10.0 01/10
Kraft Foods North America, Inc. 01/12 &
& PerkinElmer Instruments LLC Atlanta, GA Office 16,610 1,298 7.8 11/16
Alstom Power, Inc. Richmond, VA Office 15,841 1,421 9.0 10/14
Travelers Express Company, Inc. Lakewood, CO Office 12,025 865 7.2 03/12
Allstate Insurance Company Indianapolis, IN Office 16,200 1,372 8.5 08/12
Gartner, Inc. Fort Meyers, FL Office 13,559 1,052 7.8 01/13
Ingram Micro, Inc. Memphis, TN Industrial 24,418 2,271 9.3 09/11
Dana Corporation Kalamazoo, MI Industrial 23,603 1,954 8.3 10/21
EDS Information Services
LLC/Electronic Data Systems Corp. (1) Des Moines, IA Industrial 34,070 2,856 8.4 04/12
Dana Corporation 5 locations - KY Industrial 78,900 6,968 8.8 06/25
Morgan, Lewis & Bockius LLP(4) Philadelphia, PA Office 68,257 4,856 7.1 01/14
-------- ------- ---
$ 945,629 $ 76,839 8.1%
======== ======= ===
(1) Lexington has a 30% interest in this property.
(2) Lexington has a 25% interest in this property.
(3) Lexington has a 40% interest in this property.
(4) Lexington has an 80.5% interest in this property.
3
LEXINGTON CORPORATE PROPERTIES TRUST
2005 Second Quarter Transaction Summary
Dispositions ($000's)
Tenant/Guarantor Location Property Net Sale Net
- ---------------- -------- Type Price Book Value
---- ----- ----------
Haverty Furniture Company, Inc.
& Offenbacher Aquatics Columbia, MD Retail $ 11,599 $ 6,617
Lease Extensions/New Leases ($000's)
Extension
Property Previous Extended Rent Per
Tenant/Guarantor Location Type Term Term Annum
- ---------------- -------- ---- ---- ---- -----
Toys "R" Us, Inc. Lynwood, WA Retail 05/06 05/11 $ 279
Toys "R" Us, Inc. Clackamas, OR Retail 05/06 05/11 $ 298
Toys "R" Us, Inc. Tulsa, OK Retail 05/06 05/11 $ 255
AGC Automotive Americas Co./AFG
Industries, Inc. Hebron, KY Office -- 08/12 $ 159
4
LEXINGTON CORPORATE PROPERTIES TRUST
2005 Second Quarter Transaction Summary
New Financings ($000's)
Tenants/Guarantors Location Amount Rate Maturity Date
- ------------------ -------- ------ ---- -------------
Bank of America NT & SA(2) Los Angeles, CA $ 80,182 5.330% 05/13
Internet Security Systems, Inc. Atlanta, GA 45,238 5.268 05/13
Nissan Motor Acceptance Corp./
Nissan North America, Inc.(1) Irving, TX 40,921 5.218 05/13
Experian Information Solutions,
Inc./TRW Inc. Dallas, TX 30,582 5.126 05/11
Capital One Services, Inc. (1) Richmond, VA 19,800 5.110 05/15
Chrysler Financial Company LLC(1) Westlake, TX 19,645 5.097 05/12
Dana Corporation Farmington Hills, MI 20,550 5.126 05/11
Transocean, Inc.
& Newpark Resources, Inc. Houston, TX 16,977 5.160 05/15
IKON Office Solutions, Inc. Houston, TX 17,660 5.218 05/13
Lucent Technologies, Inc. (1) Raleigh, NC 12,900 4.947 05/12
ASM Lithograph Holding NV Tempe, AZ 13,648 5.148 05/13
John Wiley & Sons, Inc. Fishers, IN 13,182 5.160 05/15
AT&T Wireless Services, Inc.
& Jordan Associates, Inc. (3) Oklahoma City, OK 14,749 5.240 05/15
Kerr McGee Corporation Houston, TX 13,254 5.210 05/15
PacifiCare Health Systems, Inc. San Antonio, TX 13,071 5.340 05/15
AT&T Wireless Services, Inc. Harrisburg, PA 9,180 5.110 05/15
The Dial Corporation Phoenix, AZ 14,170 5.268 05/13
AmeriCredit Corporation Jacksonville, FL 5,804 5.110 05/15
Metris Companies, Inc. Tulsa, OK 7,688 5.060 05/15
Kraft Foods North America, Inc.
& PerkinElmer Instruments LLC Atlanta, GA 11,325 5.260 05/15
Alstom Power, Inc. Richmond, VA 10,608 5.310 05/15
Travelers Express Company, Inc. Lakewood, CO 8,694 5.097 05/12
Allstate Insurance Company Indianapolis, IN 9,638 5.168 05/13
Gartner, Inc. Fort Meyers, FL 8,912 5.268 05/13
Ingram Micro, Inc. Memphis, TN 17,827 5.247 05/12
Dana Corporation Kalamazoo, MI 17,625 5.411 05/15
EDS Information Services LLC/
Electronic Data Systems Corp. (1) Des Moines, IA 22,761 5.147 05/12
Playboy Enterprises, Inc. &
Sony Electronics, Inc. Los Angeles, CA 11,500 5.110 05/15
Cadence Design Systems Chelmsford, MA 7,008 5.118 05/13
Principal Life Insurance Company Clive, IA 5,920 5.139 05/14
Minnesota Mining & Manufacturing
Company Wallingford, CT 3,453 4.926 05/11
Alstom Power, Inc. Knoxville, TN 7,800 5.310 05/15
Hartford Fire Insurance Company Southington, CT 13,780 5.018 05/13
Morgan, Lewis & Bockius LLP(4) Philadelphia, PA 49,000 5.060 07/14
--------- -------
$ 615,052 5.193%
========= =======
(1) Lexington has a 30% interest in this property.
(2) Lexington has a 25% interest in this property.
(3) Lexington has a 40% interest in this property.
(4) Lexington has an 80.5% interest in this property.
5
LEXINGTON CORPORATE PROPERTIES TRUST
2005 First Quarter Transaction Summary
Acquisitions ($000's) Average
Property Capitalized Annual Average Lease
Tenant/Guarantor Location Type Costs Rent net Yield Term
- ---------------- -------- ---- ----- -------- ----- ----
Alstom Power, Inc. Knoxville, TN Office $ 12,012 $ 1,140 9.5% 10/14
Dispositions ($000's)
Tenant/Guarantor Location Property Net Sale Net
- ---------------- -------- Type Price Book Value
---- ----- ----------
Wal-Mart, Inc. Gainesville, GA Retail $ 3,089 $ 2,564
Circuit City Stores, Inc. Lynchburg, VA Retail 986 761
---------------- ------------
$ 4,075 $ 3,325
================ ============
Lease Extensions ($000's)
Tenant/Guarantor Location Property Previous Extended Extension Rent
-------- Type Term Term Per Annum
---- ---- ---- ---------
Ameritech Services, Inc. Columbus, OH Industrial 05/05 05/15 $ 138
Hartford Fire Insurance Company Southington, CT Office 12/05 12/12 1,570
Cadbury Adams (1) (3) Parsippany, NJ Office 01/10 06/15 4,009
New Financings ($000's)
Tenant/Guarantor Location Amount Rate Maturity Date
- ---------------- -------- ------ ---- -------------
Spacelabs Medical, Inc. Issaquah, WA $ 32,800 5.00% 12/14
(OSI Systems, Inc.) (2) 2 properties
Verizon Wireless (2) Wilmington, NC 13,000 5.19% 03/17
---------- -----
$ 45,800 5.05%
========== =====
(1) Lexington has a 33 1/3% interest in this property.
(2) Lexington has a 25% interest in this property.
(3) Lease encompasses approximately 50% of gross leaseable area.
6
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
06/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
Office
- ------
295 Chipeta Way Northwest Pipeline Corp. $ 4,387 $ 4,387 295,000 1982
Salt Lake City, UT
10001 Richmond Avenue Baker Hughes, Inc. 3,201 3,688 554,385 1976/1984
Houston, TX
3480 Stateview Blvd. Wells Fargo Bank N.A. (13) 1,569 1,725 169,218 2004
Fort Mill, SC
33 Commercial Street Invensys Systems, Inc. 1,622 1,622 164,689 1982
Foxboro, MA (Siebe, Inc.)
3476 Stateview Boulevard Wells Fargo Home 1,410 1,511 169,083 2002
Fort Mill, SC Mortgage (4) (5)
9950 Mayland Drive Circuit City Stores, Inc. 1,430 1,396 288,562 1990
Richmond, VA
1415 Wyckoff Road New Jersey Natural Gas Co. 1,292 1,292 157,511 1983
Wall Township, NJ
6303 Barfield Road & 859 Internet Security Systems, 1,333 1,287 289,000 2003
Mount Vernon Hwy. Inc.(24)
Atlanta, GA
2750 Monroe Boulevard Quest Diagnostics, Inc.(2) 1,208 1,277 109,281 1985/2001
Valley Forge, PA
1301 California Circle Artesyn North America, Inc. 1,447 1,274 100,026 1985
Milpitas, CA (Balfour Beatty plc)
700 Oakmont Lane North American Van Lines, Inc. 1,181 1,258 269,715 1989
Westmont, IL (SIRVA, Inc.)(3)
70 Mechanic Street Invensys Systems, Inc. 1,432 1,248 251,914 1965/1988
Foxboro, MA (Siebe, Inc.)
2211 South 47th Street Avnet, Inc. 1,276 1,234 176,402 1997
Phoenix, AZ
13651 McLearen Road Boeing North American 1,333 1,233 159,664 1987
Herndon, VA Services, Inc.
(The Boeing Company)
5600 Broken Sound Blvd Oce Printing Systems USA, Inc. 1,006 1,123 143,290 1983/2002
Boca Raton, FL
4200 RCA Boulevard The Wackenhut Corp.(6) 1,090 1,083 114,518 1996
Palm Beach Gardens, FL
701 Brookfield Parkway Verizon Wireless (7) 984 1,033 192,884 2000/2001
Greenville, SC
19019 No. 59th Avenue Honeywell, Inc. 1,001 990 252,300 1985
Glendale, AZ
4201 Marsh Lane Carlson Restaurants Worldwide, 902 988 130,000 2003
Carrollton, TX Inc. (16)
7
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
06/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
12645 W. Airport Road Baker Hughes, Inc. 800 971 165,836 1997
Sugar Land, TX
26210 and 26220 Enterprise Apria Healthcare Group, 848 896 100,012 2001
Court Inc.
Lake Forest, CA
2210 Enterprise Drive Washington Mutual 875 849 177,747 1998
Florence, SC Home Loan, Inc.
200 Executive Blvd. S Hartford Fire Insurance Co. 1,083 812 153,364 1983
Southington, CT
1600 Eberhardt Road Nextel of Texas 692 779 108,800 2001
Temple, TX
2999 SW 6th St. Voice Stream PCS I LLC 668 776 77,484 2004
Redmond, OR (T-Mobile USA, Inc.)
9275 S.W. Peyton Lane Hollywood Entertainment 734 766 122,853 1980/1998
Wilsonville, OR Corp.
160 Clairemont Avenue Allied Holdings, Inc. 816 765 112,248 1983
Decatur, GA
27016 Media Center Drive Playboy Enterprises, Inc. 639 628 63,049 2000
Los Angeles, CA Sony Electronics, Inc. (17) 127 136 20,203
1311 Broadfield Blvd. Transocean, Inc.(25) 470 493 103,260 2000
Houston, TX Newpark Resources, Inc.(26) 253 246 52,731
601 & 701 Experian Pkwy. TRW Inc. (Experian 880 731 292,700 1981
Dallas, TX Information Solutions, Inc.) 1983
26555 Northwestern Highway Federal-Mogul Corporation 579 709 187,163 1963/1965
Southfield, MI
10419 North 30th Street Time Customer Service, Inc. 717 705 132,981 1986
Tampa, FL (Time, Inc.)
250 Rittenhouse Circle Jones Apparel Group 633 693 255,019 1982
Bristol, PA USA, Inc.
(Jones Apparel Group, Inc.) (1)
400 Butler Farm Road Nextel Communications of 644 651 100,632 1999
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
6455 State Hwy 303 NE Nextel West Corporation 484 556 60,200 2001
Bremerton, WA
270 Billerica Road Cadence Design Systems(14) 508 533 100,000 1985
Chelmsford, MA
10475 Crosspoint Blvd. John Wiley & Sons, Inc.(31) 510 510 141,047 1999
Fishers, IN
27404 Drake Road Dana Corporation 504 504 112,480 1999
Farmington Hills, MI
810-820 Gears Road IKON Office Solutions, 472 488 157,790 2000
Houston, TX Inc.
8
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
06/30/05
- ------------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ------------------------------------------------------------------------------------------------------------------------
180 Rittenhouse Circle Jones Apparel Group 458 485 96,000 1998
Bristol, PA USA, Inc. (Jones Apparel
Group, Inc.)(10)
1409 Centerpoint Blvd Alstom Power, Inc. (19)(20) 412 479 84,404 2001
Knoxville, TN
16275 Technology Drive Cymer, Inc. 432 444 65,755 1989
San Diego, CA (Hewlett-Packard)
2800 Waterford Lake Dr. Alstom Power, Inc.(28) 376 437 99,057 2000
Richmond, VA
2529 West Thorns Drive Baker Hughes, Inc. 328 423 65,500 1981/1999
Houston, TX
12000 Tech Center Drive Kelsey-Hayes Company 381 412 80,230 1988
Livonia, MI
2401 Cherahala Boulevard Advance PCS, Inc. 393 411 59,748 2002
Knoxville, TN
15501 North Dial Blvd. The Dial Corporation 301 410 129,689 1998
Phoenix, AZ
8555 South River Pkwy. ASM Lithography Holding 462 402 95,133 1998
Tempe, AZ NV
1275 NW 128th Street Principal Life Insurance 391 396 61,180 2003
Clive, IA Company(12)
13430 N. Black Canyon Freeway Bull HN Information 562 377 137,058 1985/1994
Phoenix, AZ Systems, Inc.
421 Butler Farm Road Nextel Communications of 361 360 56,515 2000
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
16676 Northchase Dr. Kerr-McGee Corporation 332 352 101,111 2003
Houston, TX
6200 Northwest Pkwy. PacifiCare Health Systems, 319 351 142,500 2000
San Antonio, TX Inc.
4000 Johns Creek Pkwy. Kraft Foods N.A., Inc.(27) 286 300 73,264 2001
Atlanta, GA PerkinElmer Instruments 45 50 13,955
LLC
5757 Decatur Blvd. Allstate Insurance Company(29) 270 334 84,200 2002
Indianapolis, IN Holladay Property Services(30) 16 16 5,756
2550 Interstate Dr. AT&T Wireless Services, 304 314 81,859 1998
Harrisburg, PA Inc.
100 Barnes Road Minnesota Mining and 280 303 44,400 1978/1985
Wallingford, CT Manufacturing Company
9
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/05
- ------------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ------------------------------------------------------------------------------------------------------------------------
4848 129th East Ave. Metris Companies, Inc. 283 283 101,100 2000
Tulsa, OK
2310 Village Square Pkwy. AmeriCredit Corporation 307 271 85,000 2001
Jacksonville, FL
1440 East 15th Street Cox Communications, Inc. 214 228 28,591 1988
Tucson, AZ
12600 Gateway Blvd. Gartner, Inc. 212 228 62,400 1997
Fort Meyers, FL
250 Turnpike Road Honeywell Consumer 216 216 57,698 1984
Southborough, MA Products
3940 South Teller St. Travelers Express 236 190 68,165 2002
Lakewood, CO Company, Inc.(18)
1701 Market Street Morgan Lewis & Bockius 54 54 322,317 1957
Philadelphia, PA LLP(21)(22)
2300 Litton Lane AGC Automotive Americas -- 40 81,744 1987
Hebron, KY Company(23)
3615 North 27th Avenue VACANT -- -- 179,280 1960/1979
Phoenix, AZ
1600 Viceroy Drive VACANT -- -- 249,452 1986
Dallas, TX
------------------------------------------------------------------------
Subtotal $ 51,271 $ 52,411 9,598,102
------------------------------------------------------------------------
Industrial
- ----------
541 Perkins Jones Road Kmart Corp. $ 4,680 $ 4,466 1,700,000 1982
Warren, OH
19500 Bulverde Road Harcourt Brace 1,514 1,715 559,258 2001
San Antonio, TX
2425 Highway 77 North James Hardie Building 1,700 1,700 425,816 1996/1997
Waxahachie, TX Products, Inc. (James
Hardie Industries NV)
3501 West Avenue H Michaels Stores, Inc. 1,619 1,652 762,775 1998/2002
Lancaster, CA
9110 Grogans Mill Road Baker Hughes, Inc. 1,029 1,533 275,750 1992
Houston, TX
8305 SE 58th Avenue Associated Grocers of 1,033 1,119 668,034 1976
Ocala, FL Florida, Inc.
159 Farley Drive Harbor Freight Tools 821 960 474,473 2001
Dillon, SC (Central Purchasing,
Inc.)
6345 Brackbill Boulevard Exel Logistics, Inc. 1,018 926 507,000 1985/1991
Mechanicsburg, PA (NFC plc)
10
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/05
- -----------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- -----------------------------------------------------------------------------------------------------------------------
590 Ecology Lane Owens Corning 810 810 193,891 2001
Chester, SC
431 Smith Lane Kirkland's, Inc. (11) 706 706 771,127 2004
Jackson, TN
4425 Purks Road Lear Technologies LLC 703 683 183,717 1989/1998
Auburn Hills, MI (Lear Corporation)
(General Motors Corp.)
6 Doughten Road Exel Logistics, Inc. 743 674 330,000 1989
New Kingston, PA (NFC plc)
6500 Adelaide Court Anda Pharmaceuticals, Inc. 612 603 354,676 2002
Groveport, OH (Andrx Corporation)
7500 Chavenelle Road The McGraw-Hill 515 582 330,988 2002
Dubuque, IA Companies, Inc.
12025 Tech Center Drive Kelsey-Hayes Company 525 569 100,000 1987/1988
Livonia, MI
250 Swathmore Avenue Steelcase, Inc. (15) 512 543 244,851 2002
High Point, NC
Moody Commuter & Tech Park TNT Logistics North 527 527 595,346 2004
Moody, AL America, Inc. (TPG
N.V.)
3102 Queen Palm Drive Time Customer Service, 500 504 229,605 1986
Tampa, FL Inc. (Time, Inc.)
2280 Northeast Drive Ryder Integrated 499 502 276,480 1996/1997
Waterloo, IA Logistics, Inc.
(Ryder Systems, Inc.)
245 Salem Church Road Exel Logistics, Inc. 551 500 252,000 1985
Mechanicsburg, PA (NFC plc)
200 Arrowhead Drive Owens Corning 514 492 400,522 1999
Hebron, OH
3820 Micro Drive Ingram Micro Inc. 441 492 701,819 1997
Memphis, TN
3600 Southgate Drive Sygma Network, Inc. 467 467 149,500 2000
Danville, IL
46600 Port Street Johnson Controls, Inc. 461 461 134,160 1996
Plymouth, MI
6938 Elm Valley Dr. Dana Corporation 400 423 150,945 1999
Kalamazoo, MI
1133 Poplar Creek Road Corporate Express Office 392 405 196,946 1998
Henderson, NC Products, Inc.
(Buhrmann, N.V.)
450 Stern Street Johnson Controls, Inc. 349 349 111,160 1996
Oberlin, OH
11
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/05
- -----------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- -----------------------------------------------------------------------------------------------------------------------
34 East Main Street Exel Logistics, Inc. 360 327 179,200 1981
New Kingston, PA
7670 Hacks Cross Road Dana Corporation 302 316 168,104 1989
Olive Branch, MS
191 Arrowhead Drive Owens Corning 315 313 250,410 2000
Hebron, OH
904 Industrial Road Tenneco Automotive 290 300 195,640 1968/1972
Marshall, MI Operating Company, Inc.
(Tenneco Automotive, Inc.)
109 Stevens Street Unisource Worldwide, Inc. 286 294 168,800 1958/1969
Jacksonville, FL
128 Crews Drive Stone Container Corporation 271 285 185,961 1968/1998
Columbia, SC
222 Tappan Drive North The Gerstenslager 281 278 296,720 1970
Mansfield, OH Company(32)
(Worthington Industries)
1700 47th Avenue North Owens Corning 272 272 18,620 2003
Minneapolis, MN
7150 Exchequer Drive Corporate Express Office 207 208 79,086 1998
Baton Rouge, LA Products, Inc.
(Buhrmann, N.V.)
324 Industrial Park Road SKF USA, Inc. 181 181 72,868 1996
Franklin, NC
187 Spicer Drive Dana Corporation 173 170 148,000 1983/1985
Gordonsville, TN
300 McCormick Road Ameritech Services, Inc. (9) 117 102 20,000 1990
Columbus, OH
3350 Miac Cove Road Mimeo.com, Inc. (8) 96 85 141,359 1987
Memphis, TN
1601 Pratt Avenue Tenneco Automotive 83 82 53,600 1979
Marshall, MI Operating Company, Inc.
(Tenneco Automotive, Inc.)
750 N. Black Branch Road Dana Corporation(33) -- -- 539,592 1995/2001
Elizabethtown, KY
730 N. Black Branch Road Dana Corporation(33) -- -- 167,770 2001
Elizabethtown, KY
301 Bill Byran Road Dana Corporation(33) -- -- 410,844 1987/1997/
Hopkinsville, KY 2000
4010 Airpark Drive Dana Corporation(33) -- -- 162,468 1998/2000
Owensboro, KY
12
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/05
- -----------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- -----------------------------------------------------------------------------------------------------------------------
10000 Business Boulevard Dana Corporation(33) -- -- 336,350 1988
Dry Ridge, KY
----------------------------------------------------------------------------
Subtotal $ 26,875 $ 27,576 14,676,231
----------------------------------------------------------------------------
Retail
- ------
2655 Shasta Way Fred Meyer, Inc. $ 505 $ 505 178,204 1986
Klamath Falls, OR
Fort Street Mall, King Liberty House, Inc. 481 486 85,610 1980
Street
Honolulu, HI
150 N.E. 20th Street Fred Meyer, Inc. 413 413 118,179 1986
Newport, OR
35400 Cowan Road Sam's Real Estate 376 376 102,826 1987/1997
Westland, MI Business Trust
12235 N. Cave Creek Bally's Health & Tennis 421 357 36,556 1988
Phoenix, AZ Corporation
4733 Hills & Dales Road Scandinavian Health Spa, Inc. 365 343 37,214 1987
Canton, OH (Bally Total Fitness
Corp.)
1160 White Horse Road Physical Fitness Centers of 410 336 31,750 1987
Voorhees, NJ Philadelphia, Inc.
(Bally Total Fitness
Corp.)
5917 S. La Grange Road Bally Total Fitness Corp. 330 257 25,250 1987
Countryside, IL
4831 Whipple Avenue, N.W. Best Buy Co., Inc. 233 233 46,350 1995
Canton, OH
3711 Gateway Drive Kohl's Dept. Stores, Inc. 228 231 76,164 1994
Eau Claire, WI
12535 S.E. 82nd Avenue Toys "R" Us, Inc. 216 212 42,842 1981
Clackamas, OR
399 Peach Wood Centre Dr. Best Buy Co., Inc. 198 198 45,800 1996
Spartanburg, SC
18601 Alder Wood Mall Toys "R" Us, Inc. 199 196 43,105 1981
Boulevard
Lynwood, WA
6910 S. Memorial Highway Toys "R" Us, Inc. 182 179 43,123 1981
Tulsa, OK
13
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/05
- -----------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- -----------------------------------------------------------------------------------------------------------------------
24100 Laguna Hills Mall Federated Department 338 175 160,000 1974
Laguna Hills, CA Stores, Inc.
9580 Livingston Road GFS Realty, Inc. 102 140 107,337 1976
Oxon Hill, MD (Giant Food, Inc.)
121 South Center Street Greyhound Lines, Inc. 105 105 17,000 1968
Stockton, CA
2401 Wooton Parkway GFS Realty, Inc. 76 76 51,682 1977
Rockville, MD (Giant Food, Inc.)
----------------------------------------------------------------------------
Subtotal $ 5,178 $ 4,818 1,248,992
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Grand Total $ 83,324 $ 84,805 25,523,325
----------------------------------------------------------------------------
(1) Tenant can cancel lease on 03/26/08 with 12 months notice and payment of
$1,392.
(2) Expense stop on this property is $393 per annum.
(3) Tenant can cancel lease on 11/30/13 with 12 months notice and a payment of
$1,300.
(4) Expense stop on this property is $820.
(5) Tenant has the right to contract leased space by 27,000 square feet on
01/31/08 with six months notice and a payment estimated to be $696. In
addition, the tenant can cancel lease on 01/31/10 with twelve months notice
and a payment estimated to be $3,968.
(6) This is a modified gross lease. Annual net operating expense for which the
Company is responsible approximates $517. There is a second tenant at this
property encompassing approximately 18,000 square feet.
(7) Expense stop on this property is $112 per annum.
(8) Tenant occupies 35,000 square feet and is responsible for all operating
expenses.
(9) Tenant can cancel lease on 6/1/10 with 6 months notice and a payment of
$102
(10) Tenant can cancel lease on 7/31/08 with 12 months notice and a payment of
$2,095.
(11) Tenant can cancel lease on 5/30/14 for a payment equal to the remaining 5
years rent discounted at 150 bps over the then 5 year U.S. Treasury rate.
(12) Tenant can cancel lease on 2/1/09 with twelve months notice and a payment
equal to one year rent and operating costs.
(13) Expense stop in this property is $948.
(14) Tenant can cancel lease on 9/30/10 with twelve months notice and a payment
of $965.
(15) Tenant can cancel the lease during the last year if damage occurs and is
greater than $500 or 50% of cost to replace building.
(16) Tenant can cancel lease after 12/22/13 with twelve months notice plus
payment equal to one year rent plus unamortized deal costs.
(17) Tenant can cancel lease after 9/1/07 with 180 days notice and payment of 2
months rent plus unamortized tenant improvements and commissions.
(18) Tenant can cancel lease on 3/31/08 with 12 months notice and a payment of
$1,041.
(19) Expense stop on this property is $481.
(20) Tenant can cancel lease on 6/30/12 with 12 months notice and a payment of
approximately $1,100.
(21) The Company has an 80.5% economic interest in this property.
(22) Included in square footage is 10,426 of retail space leased to three
tenants and 2,842 of vacant space.
(23) Tenant leases 21,500 square feet.
(24) Expense stop on this property is $804 per annum.
(25) Expense stop on this property for tenant is $7.89 per square foot.
(26) Expense stop on this property for tenant is $6.50 per square foot.
(27) Expense stop on this property for tenant is $4.35 per square foot.
(28) Expense stop on this property is $593 per annum.
(29) Expense stop on this property for tenant is $2.75 per square foot.
(30) Expense stop on this property for tenant is $2.50 per square foot.
(31) Expense stop on this property is $501 per annum.
(32) The tenant lease expired 5/31/05 and the property is currently vacant.
(33) These properties were acquired on June 30, 2005.
14
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
6/30/05
- -----------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed
Property Location Tenant (Guarantor) ($000) ($000) Footage /Renovated
- -----------------------------------------------------------------------------------------------------------------------
Office
- ------
389-399 Interpace Highway Aventis Pharmaceuticals, Inc $ 4,410 $ 4,244 340,240 2000
Morris Corporate Center IV (Pharma Holdings GmbH)(A)
Parsippany, NJ
17 Technology Circle Blue Cross Blue Shield 3,688 3,465 456,304 1999/2001
Columbia, SC of South Carolina Inc.(B)
100 Wood Hollow Drive Greenpoint Mortgage 2,197 2,432 124,600 2001
Novato, CA Funding, Inc. (E)(F)
6555 Sierra Drive True North Communications 2,193 2,125 247,254 1999
Irving, TX Inc.(A)
5200 Metcalf Avenue Employers Reinsurance 1,979 1,979 320,198 1980/1990/
Overland Park, KS Corporation(H) 2003
101 East Erie Building Foote, Cone & Belding 1,981 1,921 203,376 1986
Chicago, IL (Interpublic Group of
Companies, Inc.) (E)
Higgins Development Partners(E) 54 54 19,089 1986
VACANT(E) -- 2,100 1986
275 South Valencia Ave. Bank of America NT & SA (H) 1,641 1,967 637,503 1983
Los Angeles, CA
27027 Tourney Road Specialty Laboratories, Inc.(E) 1,781 1,781 187,262 2004
Santa Clarita, CA
15375 Memorial Drive Vastar Resources, Inc.(A) 1,718 1,718 327,325 1985
Houston, TX
10300 Kincaid Drive Bank One Indiana, N.A.(A)(D) 1,691 1,644 193,000 1999
Fishers, IN
10300 Town Park Drive Veritas DGC, Inc. (E) 1,387 1,624 218,641 2000
Houston, TX
600 International Parkway First USA Management 1,461 1,460 125,155 1997
Lake Mary, FL Services, Inc.(A)(C)
550 International Parkway First USA Management 1,410 1,410 125,920 1999
Lake Mary, FL Services, Inc.(A)(C)
10940 White Rock Road Progressive Casualty Insurance 1,323 1,402 158,582 2002
10929 Disk Drive Company(E)
Rancho Cordova, CA
2000 Eastman Drive Structural Dynamic 1,376 1,395 212,836 1991
Milford, OH Research Corp.(A)
3701 Corporate Drive Motorola, Inc.(A) (J) 1,357 1,357 119,829 2001
Farmington Hills, MI
1401 & 1501 Nolan Ryan Siemens Dematic Postal 1,192 1,267 233,783 2003
Parkway Automation, L.P. (H)
Arlington, TX
15
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
6/30/05
- -----------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- -----------------------------------------------------------------------------------------------------------------------
9201 East Dry Creek Road The Shaw Group, Inc. (E)(K) 1,016 1,253 128,500 2001/2002
Centennial, CO
8900 Freeport Pkwy. Nissan Motor Acceptance 959 1,042 268,445 2002
Irving, TX Corporation/ (Nissan North
America, Inc.)(E
1475 Dunwoody Drive ING USA Annuity and Life 966 1,019 125,000 1998/1999
West Chester, PA Insurance Company (E)
13775 McLearen Road Equant N.V. (E) (G) 902 1,006 125,293 1984/1988/
Herndon, VA 1992
14040 Park Center Road NEC America, Inc.(A) 954 1,000 108,000 1987
Herndon, VA
70 Valley Stream Parkway IKON Office Solutions, Inc(E)(I) 962 997 106,855 1987
Malvern, PA
5150 220th Avenue South Spacelabs Medical, Inc 933 974 106,944 1992
Issaquah, WA (OSI Systems, Inc.)(H)
9201 Stateline Employers Reinsurance 930 930 166,641 1963/1985/
Kansas City, MO Corporation(H) 2003
22011 SE 51st Street Spacelabs Medical, Inc 852 834 95,600 1987
Issaquah, WA (OSI Systems, Inc.)(H)
1110 Bayfield Drive Honeywell International, Inc.(A) 767 819 166,575 1980/2002
Colorado Springs, CO
3601 Converse Drive Verizon Wireless(H) 766 812 160,500 2004
Wilmington, NC
2050 Roanoke Road Chrysler Financial Company 691 767 130,290 2001
Westlake, TX LLC (E)
275 Technology Drive ANSYS, Inc.(E) 620 677 107,872 1996
Canonsburg, PA
Renner Blvd. Voicestream PCS II Corporation 586 676 77,484 2004
Lenexa, KS (T-Mobile USA, Inc.) (H)
East Goldstone Drive T-Mobile USA, Inc. (H) 572 660 77,483 2004
Meridian, ID
110, 120 & 130 E. Shore Dr. Capital One Services, Inc. (E) 604 626 68,500 2000
Richmond, VA 77,045 1998
79,675 2000
4455 American Way Bell South Mobility, Inc. (E) 505 545 70,100 1997
Baton Rouge, LA
3711 San Gabriel Voice Stream PCS II LLC 450 492 75,016 2004
Mission, TX (T-Mobile USA, Inc.) (E)
3201 Quail Springs Pkwy. AT& T Wireless Services, Inc. 280 289 103,500 1999
Oklahoma City, OK Jordan Associates, Inc. (B) 72 72 25,000
16
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
6/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
200 Lucent Lane Lucent Technologies, Inc. (E) 426 360 120,000 1999
Raleigh, NC
----------------------------------------------------------------------------
Subtotal Office $ 47,589 $ 49,095 6,823,315
----------------------------------------------------------------------------
Industrial
- ----------
101 Michelin Drive TNT Logistics North $ 1,551 $ 1,614 1,164,000 1991/1993
Laurens, SC America, Inc.
(TPG N.V.) (A)
Philipp Parkway L'Oreal USA, Inc. (H) 1,145 1,259 649,250 2004
Streetsboro, OH
7111 Crabb Road TNT Logistics North 1,039 1,081 752,000 1978/1993
Temperance, MI America, Inc.
(TPG N.V.) (A)
6050 Dana Way Dana Corporation (E) 1,222 1,071 677,400 1999
Antioch, TN
2400 West Haven Avenue Michaels Stores Procurement 971 971 693,000 2004
New Lenox, IL Company, Inc.
(Michaels Stores, Inc.)(E)
43955 Plymouth Oaks Tower Automotive Products 943 943 290,133 1996/1998
Boulevard Company
Plymouth, MI (Tower Automotive, Inc.)(E)
121 Technology Drive Heidelberg Web Systems, 925 925 500,500 1986/2003
Durham, NH Inc. (A) (G)
3225 Meridian Parkway Hagemeyer Foods, Inc. (E) 741 804 201,845 1995
Weston, FL
291 Park Center Drive Kraft Foods North 710 758 344,700 2001
Winchester, VA America, Inc. (A)
1109 Commerce Linens-n-Things, Inc. (E) 629 626 262,644 1998
Boulevard
Logan Township, NJ
3600 Army Post Rd. EDS Information Services LLC 562 619 405,000 2002
Des Moines, IA (Electronic Data Systems
Corporation) (E)
3245 Meridian Parkway Circuit City Stores, Inc. (E) 524 584 230,600 1995
Weston, FL
----------------------------------------------------------------------------
Subtotal Industrial $ 10,962 $ 11,255 6,171,072
----------------------------------------------------------------------------
17
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
6/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
Retail
- ------
12080 Carmel Mountain Kmart Corporation (E) $ 99 $ 490 107,210 1993
Road
San Diego, CA
5350 Leavitt Road Kmart Corporation (E) 220 364 193,193 1993
Lorain, OH
255 Northgate Drive Kmart Corporation (E) 155 257 107,489 1993
Manteca, CA
21082 Pioneer Plaza Kmart Corporation (E) 146 242 120,727 1993
Drive
Watertown, NY
US 219 Kmart Corporation (E) 103 155 90,933 1993
Fairlea, WV
1150 West Carl Sandburg Kmart Corporation (E) 87 144 94,970 1992
Drive
Galesburg, IL
----------------------------------------------------------------------------
Subtotal Retail $ 810 $ 1,652 714,522
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Grand Total $ 59,361 $ 62,002 13,708,909
----------------------------------------------------------------------------
(A) The Company has a 33?% economic interest in this property.
(B) The Company has a 40% economic interest in this property.
(C) Cumulative expense stop on these properties is $1,264 per annum.
(D) Expense stop on this property is $768 per annum.
(E) The Company has a 30% economic interest in this property.
(F) Expense stop on this property is $945 per annum.
(G) Tenant can cancel lease no earlier than 4/30/13 with 12 months notice and a
payment equal to the net present value of remaining rent discounted at 12%.
(H) The Company has a 25% economic interest in this property.
(I) Tenant can cancel lease anytime after 9/30/10 with a payment equal to the
present value of all remaining lease payments, including operating
expenses, discounted at 6%.
(J) Tenant can cancel lease on 12/28/11 with 18 months notice and a payment
equal to two years rent and two years of unamortized tenant allowance.
(K) Tenant can cancel lease on 5/1/13 and 3/1/15 for a payment of $2,850 and
$1,500, respectively.
18
The Lexington Corporate Properties Trust
Supplemental Reporting Package
Properties by Location
6/30/05
Historical 6-Months
Ended June 30, 2005
-------------------
No. of Number of Percent Square Base Rent Percent of
Locations Location Properties(3) Leased(4) Feet(2) ($000's)(1) Base Rent
- ----------------------------------------------------------------------------------------------------------------------
1 Texas 21 95% 4,885,643 $ 17,233 16.5%
2 South Carolina 10 100 3,229,361 9,294 8.9
3 Ohio 12 93 4,272,331 8,068 7.7
4 California 13 100 2,611,466 7,710 7.4
5 Florida 11 100 2,288,148 6,699 6.4
6 Pennsylvania 12 100 2,472,403 6,047 5.8
7 Michigan 13 100 2,462,723 5,615 5.4
8 Virginia 10 100 1,507,643 5,164 5.0
9 Utah 1 100 295,000 4,387 4.2
10 Arizona 8 83 1,035,009 3,998 3.8
11 Massachusetts 4 100 574,301 3,619 3.5
12 New Jersey 4 100 792,145 3,230 3.1
13 Illinois 6 100 1,457,000 2,908 2.8
14 Oregon 5 100 539,562 2,671 2.6
15 Tennessee 7 96 2,583,857 2,664 2.6
16 Georgia 4 100 488,467 2,425 2.3
17 Iowa 4 100 1,073,648 1,666 1.6
18 North Carolina 5 100 795,165 1,440 1.4
19 Indiana 3 100 424,003 1,408 1.4
20 Washington 4 100 305,849 1,204 1.2
21 Connecticut 2 100 197,764 1,115 1.1
22 Colorado 3 100 363,240 839 0.8
23 Oklahoma 3 100 272,723 705 0.7
24 Kansas 2 100 397,682 664 0.6
25 Alabama 1 100 595,346 527 0.5
26 Hawaii 1 100 85,610 486 0.5
27 Maryland 3 100 159,019 444 0.4
28 Louisiana 2 100 149,186 372 0.3
29 Mississippi 1 100 168,104 316 0.3
30 New Hampshire 1 100 500,500 308 0.3
31 Minnesota 1 100 18,620 272 0.2
32 Missouri 1 100 166,641 233 0.2
33 Wisconsin 1 100 76,164 231 0.2
34 Idaho 1 100 77,483 165 0.2
35 New York 1 100 120,727 73 0.1
36 West Virginia 1 100 90,933 46 --
37 Kentucky 6 96 1,698,768 39 --
-------------------------------------------------------------------------------------------------------
Total 188 97.7% 39,232,234 $ 104,285 100.0%
-------------------------------------------------------------------------------------------------------
(1) Includes proportionate share of joint venture investments and rental
revenue recognized from properties sold through date of sale.
(2) Includes properties owned as of June 30, 2005.
(3) Includes properties owned during the six months ended June 30, 2005.
(4) As of June 30, 2005.
19
Lexington Corporate Properties Trust
Supplemental Reporting Package
Lease Rollover Schedule by Property Type - Cash Basis
6/30/05
Office Industrial Retail
- -------------------------------------------------------------------------------------------------------------
Cash Rental Net Rent Cash Rental Net Rent Cash Rental Net Rent
Year Revenue(1) PSF Revenue(1) PSF Revenue(1) PSF
- -------------------------------------------------------------------------------------------------------------
2005 $ 2,895 $ 28.94 $ 840 $ 2.40 $ - $ -
2006 2,461 8.90 6,199 5.21 - -
2007 4,820 15.15 9,714 5.26 820 25.82
2008 9,256 13.57 - - 1,788 8.30
2009 18,690 16.49 2,207 3.49 1,943 9.46
2010 18,912 14.26 2,436 3.61 - -
2011 11,604 20.79 536 4.67 1,659 6.71
2012 15,875 14.02 9,924 4.28 - -
2013 21,640 15.25 483 6.11 - -
2014 19,388 15.70 3,522 3.65 1,137 3.74
2015 19,715 13.47 4,232 9.12 469 6.15
2016 5,195 17.83 3,663 6.55 - -
2017 694 17.99 2,754 4.32 645 8.39
2018 3,121 13.33 2,519 3.77 1,175 2.37
2019 3,005 16.72 5,519 3.50 - -
2020 2,500 17.44 5,019 8.10 - -
2021 6,798 25.18 5,021 5.30 - -
2022 - - - - - -
2023 - - - - - -
2024 1,069 19.02 568 2.73 - -
2025 - - 6,968 4.31 - -
2026 - - 427 2.56 - -
Weighted Average $ 15.64 $ 4.45 $ 5.28
======= ======= =======
(1) Includes proportionate share of joint venture investments.
20
Lexington Corporate Properties Trust
Supplemental Reporting Package
Lease Rollover Schedule - GAAP Basis
6/30/05
($000's)
Percentage of
Total Total
Number of Annualized Annualized
Year Leases Expiring Base Rent (1) Base Rent
- -----------------------------------------------------------------------------------------------------------
2005 2 $ 2,651 1.1 %
2006 9 10,240 4.2
2007 6 14,248 5.8
2008 9 10,433 4.3
2009 18 23,005 9.4
2010 17 20,363 8.3
2011 14 16,723 6.8
2012 22 23,939 9.8
2013 14 22,089 9.0
2014 20 23,887 9.8
2015 16 25,353 10.4
2016 7 6,700 2.7
2017 6 3,966 1.6
2018 11 6,868 2.8
2019 7 8,020 3.3
2020 3 7,264 3.0
2021 5 9,265 3.8
2022 0 0 --
2023 0 0 --
2024 2 1,636 0.7
2025 5 6,967 2.9
2026 1 617 0.3
------------------------------------------------------------------------------------------
Total 194 $ 244,234 100.0%
==========================================================================================
(1) Includes proportionate share of joint venture investments.
21
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages and Notes Payable
6/30/05
($000's)
- -----------------------------------------------------------------------------------------------------------------------
Current
Estimated
Debt Interest Annual Balloon
Property - Fixed Rate Balance Rate Maturity Debt Service(g) Payment
- -----------------------------------------------------------------------------------------------------------------------
Warren, OH(c) $ 13,906 7.000% Oct-07 $ 6,160 $ --
Bristol, PA 9,579 7.400 Feb-08 831 9,262
Boca Raton, FL(e) 15,275 5.250 Mar-08 802 15,275
Decatur, GA 6,492 6.720 Jun-08 579 6,049
Phoenix, AZ 13,736 7.890 Jun-08 1,434 12,591
Palm Beach Gardens, FL 11,065 7.010 Jun-08 970 10,418
Dubuque, IA 7,120 4.890 Aug-08 513 6,588
Canton, OH 3,212 7.150 Aug-08 313 2,936
Spartanburg, SC 2,667 7.150 Aug-08 260 2,438
Florence, SC 9,152 7.500 Feb-09 869 8,443
Ocala, FL 12,415 7.250 Feb-09 1,332 10,700
Canton, OH 1,219 9.490 Feb-09 388 --
Baton Rouge, LA 1,790 7.375 Mar-09 208 1,478
Bristol, PA 5,844 7.250 Apr-09 571 5,228
Livonia, MI 10,837 7.800 Apr-09 992 10,236
Henderson, NC 4,270 7.390 May-09 417 3,854
Westland, MI 2,333 10.500 Sep-09 683 --
Salt Lake City, UT 10,451 7.610 Oct-09 2,901 --
High Point, NC 8,687 5.750 Oct-09 695 7,741
Richmond, VA 16,218 8.100 Feb-10 1,511 15,257
Hampton, VA 4,405 8.260 Apr-10 415 4,144
Hampton, VA 7,183 8.270 Apr-10 677 6,758
Tampa, FL 8,205 6.930 Aug-10 674 7,603
Tampa, FL 5,934 6.880 Aug-10 485 5,495
Herndon, VA 18,550 8.180 Dec-10 1,723 17,301
San Diego, CA 4,106 7.500 Jan-11 411 3,420
Tucson, AZ 2,377 7.500 Jan-11 226 2,076
Columbia, SC 3,325 7.540 Jan-11 317 2,905
Valley Forge, PA 12,710 7.120 Feb-11 1,166 10,927
Glendale, AZ 14,539 7.400 Apr-11 1,258 13,365
Wallingford, CT 3,453 4.926 May-11 176 3,187
Farmington Hills, MI 20,550 5.126 May-11 1,089 19,020
Dallas, TX 30,582 5.126 May-11 1,589 30,582
Auburn Hills, MI 6,990 7.010 Jun-11 637 5,918
Plymouth, MI 4,657 7.960 Jul-11 463 3,949
Newport, OR 6,833 5.030 Aug-11 470 5,980
Greenville, SC 13,565 4.415 Jan-12 841 11,806
New Kingston, PA 7,101 7.790 Jan-12 678 6,101
Mechanicsburg, PA 5,242 7.780 Jan-12 500 4,503
New Kingston, PA 3,383 7.780 Jan-12 323 2,906
Lake Forest, CA 10,667 7.260 Feb-12 901 9,708
Memphis, TN 17,827 5.247 May-12 966 16,222
Lakewood, CO 8,694 5.097 May-12 458 7,890
Groveport, OH 7,696 6.030 Oct-12 563 6,860
San Antonio, TX 29,802 6.080 Oct-12 2,260 26,025
Fort Mill, SC 11,307 6.000 Jan-13 839 9,904
Foxboro, MA(c) 19,099 6.000 Jan-13 2,762 --
Waterloo, IA 6,406 5.610 Feb-13 672 3,505
Indianapolis, IN 9,638 5.168 May-13 515 8,580
Tempe, AZ 13,648 5.148 May-13 726 12,144
Chelmsford, MA 7,008 5.118 May-13 371 6,231
Southington, CT 13,780 5.018 May-13 716 12,228
Houston, TX 17,660 5.218 May-13 952 15,737
Phoenix, AZ (i) 14,170 5.268 May-13 757 13,594
Atlanta, GA 45,238 5.268 May-13 2,461 40,356
22
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages and Notes Payable
6/30/05
($000's)
- -----------------------------------------------------------------------------------------------------------------------
Current
Estimated
Debt Interest Annual Balloon
Property - Fixed Rate Balance Rate Maturity Debt Service(g) Payment
- -----------------------------------------------------------------------------------------------------------------------
Fort Meyers, FL 8,912 5.268 May-13 476 8,550
Lancaster, CA (first) 10,382 7.020 Sep-13 900 8,637
Lancaster, CA (second) 8,734 5.920 Sep-13 642 7,518
Knoxville, TN 5,198 5.950 Sep-13 381 4,496
Foxboro, MA(c) 23,438 6.000 Jan-14 2,639 --
Moody, AL 7,540 4.978 Jan-14 493 6,350
Mechanicsburg, PA 13,546 5.730 Mar-14 1,045 10,538
Redmond, OR 9,954 5.616 Apr-14 697 8,484
Clive, IA 5,920 5.139 May-14 315 5,151
Fort Mill, SC(f) 20,300 5.373 May-14 1,106 18,311
Eau Claire, WI 2,005 8.000 Jul-14 313 --
Philadelphia, PA(h) 49,000 5.060 Jul-14 2,514 43,547
Jackson, TN 10,280 5.930 Jul-14 743 8,820
Carrollton, TX 14,440 5.530 Jan-15 993 12,022
Southfield, MI 11,044 4.550 Feb-15 1,058 4,454
Franklin, NC 1,789 8.500 Mar-15 271 --
Kalamazoo, MI 17,625 5.411 May-15 984 15,087
Atlanta, GA 11,325 5.260 May-15 604 10,502
Richmond, VA 10,608 5.310 May-15 582 9,055
Knoxville, TN 7,800 5.310 May-15 428 6,658
Jacksonville, FL 5,804 5.110 May-15 307 4,919
Harrisburg, PA 9,180 5.110 May-15 485 7,780
Houston, TX 16,977 5.160 May-15 905 14,408
Houston, TX 13,254 5.210 May-15 714 11,265
Tulsa, OK 7,688 5.060 May-15 402 6,517
San Antonio, TX 13,071 5.340 May-15 720 11,149
Los Angeles, CA 11,500 5.110 May-15 608 9,760
Fishers, IN 13,182 5.160 May-15 703 11,188
Houston, TX(c) 27,292 6.250 Sep-15 2,863 6,985
Houston, TX(c) 7,652 6.250 Sep-15 706 2,222
Sugar Land, TX(c) 17,652 6.250 Sep-15 1,791 6,286
Houston, TX(c) 66,233 6.250 Sep-15 5,627 18,318
Southborough, MA 1,950 7.500 Sep-15 275 --
Danville, IL 6,469 9.000 Jan-16 692 4,578
Temple, TX 9,052 6.090 Jan-16 668 7,446
Bremerton, WA 6,690 6.090 Apr-16 494 5,465
Dillon, SC 11,625 7.900 Dec-16 1,263 5,273
Westmont, IL 15,721 6.210 Mar-18 1,292 9,662
Wall Township, NJ(c) 29,826 6.250 Jan-21 2,013 --
---------- ----- ------ ---------
$ 1,123,256 6.064% $ 92,178 $ 816,825
---------- ------ ------ --------
Property-Variable Rate
Milpitas, CA (a) (b) $ 12,748 6.630% July-06 $ 1,748 $ 11,813
---------- ------ ------ --------
Corporate
Credit Facility (d) $ 99,000 5.787% June-08 $ 5,809 $ 99,000
---------- ------ ------- --------
Total $ 1,235,004 6.048% $ 99,735 $ 927,638
========== ====== ====== ========
(a) Floating rate debt, 30 day LIBOR plus 400 bps;
(b) All property cash flows, net of interest expense, are used for principal
amortization.
(c) Debt balances based upon imputed interest rates.
(d) Floating rate debt, 30/60/90 day LIBOR plus 120 to 170 bps.
(e) Interest only through maturity.
(f) Interest only through 10/1/07. Commencing 11/1/07 annual debt service of
$1,364 is due.
(g) Remaining payments for debt with less than 12 months to maturity.
(h) The Company has an 80.5% interest in the property securing the mortgage.
(i) Included in discontinued operations.
23
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
6/30/05
(000's)
- ----------------------------------------------------------------------------------------------------------------------------------
Current
LXP Estimated
Debt Proportionate Interest Annual Balloon
Joint Venture Property Balance Share Rate Maturity Debt Service Payment
- ----------------------------------------------------------------------------------------------------------------------------------
Columbia, SC(1) $ 23,986 $ 9,594 7.850 Oct-09 $ 2,196 $ 22,586
Houston, TX(2) 20,584 6,861 7.580 Oct-09 2,032 18,229
Santa Clarita, CA(3) 28,200 8,460 4.750 Oct-09 1,340 28,200
Fishers, IN(2) 14,652 4,884 8.190 Apr-10 1,499 12,960
Watertown, NY(3,5) 2,688 806 6.000 Jul-10 580 --
San Diego, CA(3,5) 1,821 546 6.000 Jul-10 393 --
Lorain, OH(3,5) 4,046 1,214 6.000 Jul-10 873 --
Galesburg, IL(3,5) 1,604 481 6.000 Jul-10 346 --
Fairlea, WV(3,5) 1,888 566 6.000 Jul-10 407 --
Manteca, CA(3,5) 2,858 857 6.000 Jul-10 616 --
Herndon, VA(2) 11,252 3,751 7.600 Sep-10 1,107 9,769
Lake Mary, FL(2) 13,025 4,342 7.880 Oct-10 1,181 12,118
Lake Mary, FL(2) 12,987 4,329 7.880 Oct-10 1,178 12,082
Irving, TX(2) 26,182 8,727 8.160 Oct-10 2,432 24,454
Parsippany, NJ(2) 40,312 13,437 7.350 Mar-11 3,472 37,047
Novato, CA(3) 22,407 6,722 5.750 Jul-11 1,600 20,307
Winchester, VA(2) 10,604 3,535 7.330 Aug-11 908 9,675
Antioch, TN(3) 14,505 4,352 7.940 Oct-11 1,580 11,177
Milford, OH(2) 16,573 5,524 8.170 Feb-12 1,764 12,686
Fort Worth, TX(3) 19,645 6,548 5.097 May-12 1,036 17,823
Des Moines, IA(3) 22,761 7,587 5.147 May-12 1,188 22,153
Raleigh, NC(3) 12,900 4,300 4.947 May-12 647 12,543
Temperance, MI(2) 11,505 3,835 6.000 Sep-12 936 9,400
Laurens, SC(2) 17,163 5,721 6.000 Sep-12 1,396 14,022
Farmington Hills, MI(2) 20,829 6,943 5.420 Sep-12 1,500 17,724
Baton Rouge, LA(3) 6,847 2,054 4.900 Oct-12 443 5,943
Plymouth, MI(3) 12,413 3,724 6.220 Dec-12 1,026 10,026
Colorado Springs, CO(2) 11,660 3,887 6.250 Dec-12 887 10,272
Centennial, CO(3) 15,632 4,690 6.150 Feb-13 1,177 13,555
Dallas, TX(3) 40,921 12,276 5.218 May-13 2,206 36,453
Los Angeles, CA(4) 80,182 20,046 5.330 May-13 4,333 73,071
Malvern, PA(3) 13,142 3,943 5.530 Jan-14 916 11,236
Arlington, TX(4) 21,645 5,411 5.810 Feb-14 1,551 18,588
New Lenox, IL(3) 17,400 5,220 5.510 Feb-14 972 17,400
Logan Township, NJ(3) 7,690 2,307 4.760 Apr-14 371 6,784
Rancho Cordova, CA3, (5) 18,718 5,615 6.000 Sept-14 1,457 14,646
Weston, FL(3) 10,778 3,233 5.420 Nov-14 733 9,066
Canonsburg, PA(3) 9,095 2,729 5.377 Dec-14 489 9,095
Issaquah, WA(4) 32,800 8,200 5.001 Dec-14 1,663 30,388
Chicago, IL(3) 29,900 8,970 5.105 Jan-15 1,548 29,900
Herndon, VA(3) 12,319 3,696 5.920 Apr-15 888 10,359
Oklahoma City, OK(1) 14,749 4,425 5.240 May-15 784 13,673
Richmond, VA(3) 19,800 5,940 5.110 May-15 1,026 18,321
Mission, TX(3) 6,472 1,942 5.780 Jun-15 462 5,371
Houston, TX(3) 23,910 7,173 5.410 Oct-15 1,311 21,846
Wilmington, NC(4) 13,000 3,250 5.190 Mar-17 684 11,580
Weston, FL(3) 7,444 2,233 5.520 Nov-17 512 5,758
Watertown, NY(3,5) 989 297 6.000 Jul-18 72 --
San Diego, CA(3,5) 671 201 6.000 Jul-18 49 --
Lorain, OH(3,5) 1,489 447 6.000 Jul-18 108 --
Galesburg, IL(3,5) 590 177 6.000 Jul-18 43 --
24
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
6/30/05
(000's)
- ----------------------------------------------------------------------------------------------------------------------------------
Current
LXP Estimated
Debt Proportionate Interest Annual Balloon
Joint Venture Property Balance Share Rate Maturity Debt Service Payment
- ----------------------------------------------------------------------------------------------------------------------------------
Fairlea, WV(3,5) 695 209 6.000 Jul-18 51 --
Manteca, CA(3,5) 1,052 316 6.000 Jul-18 77 --
Overland Park, KS(4) 37,620 9,405 5.830 May-19 2,224 31,819
Kansas City, MO(4) 17,950 4,488 5.830 May-19 1,061 15,182
West Chester, PA(3) 10,890 3,267 6.750 Jul-19 1,204 --
Meridian, ID(4) 10,350 2,588 6.010 Aug-19 753 7,658
Streetsboro, OH(4) 20,200 5,050 5.285 Sept-19 1,082 16,338
Lenexa, KS(4) 10,404 2,601 6.270 Dec-19 774 7,755
Durham, NH(2) 19,182 6,394 6.730 Mar-21 1,309 --
------- -------- ---------- --------- --------------
$ 933,576 $ 280,324 6.019% $ 66,453 $ 787,038
======= ======== =========== ========= ===============
1 The Company has a 40% economic interest in this property.
2 The Company has a 33 1/3% economic interest in this property.
3 The Company has a 30% economic interest in this property.
4 The Company has a 25% economic interest in this property.
5. Debt balances based upon imputed rates.
25
Lexington Corporate Properties Trust
Supplemental Reporting Package
Debt Maturity Schedule
6/30/05
($000's)
Consolidated properties
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments(1) (3) Average Interest Rate
------------ -------- ---------------------
2005 - remaining $ 12,038 $ 0 --
2006 27,405 11,813 6.63%
2007 34,873 0 --
2008 29,582 65,557 6.60
2009 30,573 47,680 7.18
--------- --------- -----------
$ 134,471 $ 125,050 6.82%
========= ========= ===========
Joint venture properties - LXP proportionate share
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments(2) Average Interest Rate
------------ -------- ---------------------
2005 - remaining $ 1,889 $ 0 --
2006 3,366 0 --
2007 3,889 0 --
2008 4,284 0 --
2009 4,783 23,570 6.67%
--------- --------- -----------
$ 18,211 $ 23,570 6.67%
--------- ========= ===========
(1) Properties encompassing totals are detailed on pages 22 and 23.
(2) Properties encompassing totals are detailed on pages 24 and 25.
(3) Excludes $99,000 outstanding on the credit facility due in 2008.
26
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue By Tenant Industry
6/30/05
---------------------------------------------------------------------
Percentage of Historical
Tenant Industry 6 Month Base Rent (1)
---------------------------------------------------------------------
Energy 14.7%
Finance/Insurance 12.3
Technology 11.0
Telecommunications 6.5
Transportation/Logistics 6.1
Retail-Department/ Discount Store 6.0
Automotive 5.9
Media/Advertising 4.8
Healthcare 4.7
Food 4.4
Retail-Specialty 4.3
Construction Materials 4.2
Consumer Products 3.5
Printing/Production 2.9
Aerospace/Defense 2.6
Retail-Electronics 1.9
Health/Fitness 1.2
Apparel 1.1
Security 1.0
Paper/Containers/Packaging 0.9
-------
100.0%
=======
(1) Includes proportionate share of joint venture investments and rental
revenue recognized from properties sold through date of sale.
27
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue by MSA
6/30/05
Percent of
Base Rent for 6
Months Ended
6/30/05
---------------------------------------------------------------------
1 Houston-TX 8.9%
2 Dallas-Fort Worth-TX 4.8%
3 Detroit-MI 4.6%
4 Los Angeles-Orange County-CA 4.3%
5 Youngstown-Warren-OH 4.3%
6 Salt Lake City-UT 4.2%
7 Boston-MA 3.8%
8 Phoenix-AZ 3.6%
9 Philadelphia-PA 3.5%
10 Charlotte-NC 3.1%
11 Harrisburg-PA 2.6%
12 New York-NY 2.6%
13 Atlanta-GA 2.3%
14 Chicago-IL 2.3%
15 Washington-Baltimore-DC-MD 2.2%
16 West Palm Beach-Boca Raton-FL 2.1%
17 San Antonio-TX 2.0%
18 Richmond-VA 1.9%
19 San Francisco-CA 1.9%
20 Columbia-SC 1.6%
21 Columbus-OH 1.4%
22 Indianapolis-IN 1.4%
23 Greenville-Spartanburg-SC 1.2%
24 Tampa-FL 1.2%
25 Seattle, WA 1.2%
26 Ocala-FL 1.1%
27 Norfolk-VA 1.0%
28 Dillon, SC 0.9%
29 Orlando-FL 0.9%
30 Kansas City-MO-KS 0.9%
31 Memphis-TN 0.9%
32 Knoxville-TN 0.9%
33 Florence-SC 0.8%
34 Hartford-CT 0.8%
35 Chester, SC 0.8%
36 Kalamazoo-Battle Creek-MI 0.8%
37 Killeen-Temple-TX 0.7%
38 Redmond, OR 0.7%
39 Cleveland-OH 0.7%
40 Portland-OR 0.7%
41 Jackson-TN 0.7%
42 Dubuque-IA 0.6%
43 Des Moines-IA 0.6%
44 Canton-Massillon-OH 0.6%
45 Denver-CO 0.5%
46 Jacksonville-FL 0.5%
47 Greensboro-NC 0.5%
28
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue by MSA
6/30/05
Percent of
Base Rent for 6
Months Ended
6/30/05
---------------------------------------------------------------------
48 Laurens, SC 0.5%
49 Birmingham-AL 0.5%
50 San Diego-CA 0.5%
51 Cincinnati-OH 0.5%
52 Klamath Falls, OR 0.5%
53 Waterloo-IA 0.5%
54 Honolulu-HI 0.5%
55 Danville, IL 0.4%
56 Tulsa-OK 0.4%
57 Sacramento-CA 0.4%
58 Miami-Fort Lauderdale-FL 0.4%
59 Newport, OR 0.4%
60 Henderson, NC 0.4%
61 Baton Rouge-LA 0.4%
62 Nashville-TN 0.3%
63 New Haven-CT 0.3%
64 Mansfield-OH 0.3%
65 Colorado Springs-CO 0.3%
66 Minneapolis-St. Paul-MN 0.3%
67 Winchester, VA 0.2%
68 Stockton-CA 0.2%
69 Oklahoma City, OK 0.2%
70 Eau Claire-WI 0.2%
71 Fort Meyers, FL 0.2%
72 Tucson-AZ 0.2%
73 Clackamas, OR 0.2%
74 Pittsburgh-PA 0.2%
75 Wilmington-NC 0.2%
76 Franklin, NC 0.2%
77 Gordonsville, TN 0.2%
78 Boise City-ID 0.1%
79 McAllen-TX 0.1%
80 Raleigh-Durham, NC 0.1%
81 Watertown, NY 0.1%
82 Lewisburg, WV 0.0%
83 Galesburg, IL 0.0%
84 Lynchburg-VA 0.0%
---------------------------------------------------------------------
Totals 100.00%
29
Lexington Corporate Properties Trust
Supplemental Reporting Package
Other Revenue Data
6/30/05
Historical 6-Month Base Rent
Revenue by Property Type ($000's)(A) Percentage
- -----------------------------------------------------------------------------------------------------
Office $ 67,671 64.9%
Industrial 31,035 29.8
Retail 5,579 5.3
---------- -------
$ 104,285 100.0%
========== =======
Revenue by Credit Rating(C)
- ---------------------------
Investment Grade $ 49,036 47.0%
Non-Investment Grade 21,362 20.5
Unrated 33,887 32.5
------------ -------
$ 104,285 100.0%
============ =======
Percentage of
Base Rent for 6
Number of Months
Top 15 Tenants/Guarantors Properties(B) Property Type Ended 6/30/05(A)
- --------------------------------------------------------------------------------------------------------------------------
Baker Hughes, Inc. 4 Office (3)/Industrial (1) 6.3%
Kmart Corporation 7 Industrial(1)/Retail (6) 4.8
Northwest Pipeline Corp. 1 Office 4.2
Wells Fargo Home Mortgage, Inc. 2 Office 3.1
Invensys Systems, Inc. (Siebe, Inc.) 2 Office 2.8
Exel Logistics, Inc.(NFC plc) 4 Industrial 2.3
Nextel Finance Company 4 Office 2.3
Michaels Stores, Inc. 2 Industrial 1.9
Owens Corning 4 Industrial 1.8
Dana Corporation 10 Office (1)/Industrial (9) 1.7
Harcourt Brace 1 Industrial 1.6
James Hardie Building Products, Inc. 1 Industrial 1.6
(James Hardie Industries N.V.)
Circuit City Stores, Inc. 2 Office(1)/Industrial (1) 1.5
Honeywell, Inc. 3 Office 1.4
TNT Logistics North America, Inc. (TPG N.V) 3 Industrial 1.4
- ---
50 38.7%
== =====
(A) Includes proportionate share of joint venture investments and rental
revenue recognized from properties sold through the date of sale.
(B) As of June 30, 2005.
(C) As of June 30, 2005
30