Exhibit 99.2
LEXINGTON CORPORATE PROPERTIES TRUST
SUPPLEMENTAL REPORTING PACKAGE
For the nine months ended September 30, 2005
Table of Contents
Income Statements............................................... 1
Balance Sheets.................................................. 2
Combined Joint Venture Income Statement......................... 3
Third Quarter Transaction Summary............................... 4
Second Quarter Transaction Summary.............................. 6
First Quarter Transaction Summary............................... 9
Property Holdings............................................... 10
Properties by Location.......................................... 22
Lease Rollover Schedules........................................ 23
Mortgages and Notes Payable..................................... 25
Revenue by Tenant Industry...................................... 31
Revenue by MSA.................................................. 32
Other Revenue Data.............................................. 34
LEXINGTON CORPORATE PROPERTIES TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(dollars in thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
2005 2004 2005 2004
---- ---- ---- ----
Gross revenues:
Rental $ 51,023 $ 35,066 $ 133,309 $ 99,925
Advisory fees 995 1,448 4,186 3,174
Tenant reimbursements 4,213 1,293 7,207 3,958
---------- ---------- ---------- ----------
Total gross revenues 56,231 37,807 144,702 107,057
Expense applicable to revenues:
Depreciation and amortization (20,600) (10,909) (50,322) (27,411)
Property operating (7,929) (2,906) (15,978) (7,704)
General and administrative (4,164) (3,987) (13,175) (9,997)
Non-operating income 337 1,807 1,189 2,563
Interest and amortization expense (18,597) (12,344) (47,264) (33,550)
Debt satisfaction gains, net -- -- 4,632 --
----------- ----------- ---------- ---------
Income before (provision) benefit for income taxes, minority
interests, equity in earnings of non-consolidated entities
and discontinued operations 5,278 9,468 23,784 30,958
(Provision) benefit for income taxes 111 (350) 44 (1,817)
Minority interests (791) (673) (3,002) (2,740)
Equity in earnings of non-consolidated entities 2,328 1,862 5,087 5,383
---------- ---------- ---------- ----------
Income from continuing operations 6,926 10,307 25,913 31,784
---------- ---------- ---------- ----------
Discontinued operations, net of minority interest:
Income from discontinued operations 656 1,418 2,676 4,684
Impairment charges (207) (562) (800) (2,775)
Gains on sales of properties 1,595 -- 6,656 4,065
---------- ----------- ---------- ----------
Total discontinued operations 2,044 856 8,532 5,974
---------- ---------- ---------- ----------
Net income 8,970 11,163 34,445 37,758
Dividends attributable to preferred shares - Series B (1,590) (1,590) (4,770) (4,770)
Dividends attributable to preferred shares - Series C (2,519) -- (7,556) --
----------- ----------- ----------- ---------
Net income allocable to common shareholders $ 4,861 $ 9,573 $ 22,119 $ 32,988
========== ========== ========== ==========
Funds from operations(1) $ 30,213 $ 23,571 $ 87,354 $ 65,128
========== ========== ========== ==========
Per share/unit
Basic net income $ 0.10 $ 0.20 $ 0.45 $ 0.72
Diluted net income $ 0.08 $ 0.19 $ 0.41 $ 0.71
Funds from operations(1)-basic $ 0.49 $ 0.44 $ 1.45 $ 1.27
Funds from operations(1)-diluted $ 0.49 $ 0.44 $ 1.44 $ 1.26
1
LEXINGTON CORPORATE PROPERTIES TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
9/30/05 12/31/04
------- --------
Real estate, at cost $ 1,932,746 $ 1,407,872
Accumulated depreciation (225,225) (180,610)
Investment in joint ventures 168,159 132,738
Properties held for sale - discontinued operations 48,222 13,216
Intangible assets, net 137,101 54,736
Cash and cash equivalents 61,115 146,957
Deferred expenses, net 13,209 7,860
Rent receivable 2,717 4,123
Rent receivable - deferred 25,688 23,923
Due from affiliates -- 45,800
Other assets 49,869 40,472
----------- -----------
$ 2,213,601 $ 1,697,087
=========== ===========
Mortgages and notes payable 1,186,907 $ 765,144
Liabilities - discontinued operations 26,748 1,688
Other liabilities 21,978 22,388
Prepaid rent 10,015 3,818
Minority interests 56,401 56,759
Shareholders' equity 911,552 847,290
----------- -----------
$ 2,213,601 $ 1,697,087
=========== ===========
Common shares 51,974,639 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 5,371,163 5,408,699
----------- -----------
63,605,802 59,889,972
=========== ===========
1 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
JOINT VENTURE
COMBINED CONDENSED STATEMENTS OF INCOME
(dollars in thousands)
Three Months Ended Nine Months Ended
September 30, 2005 September 30, 2005
------------------ ------------------
Gross Revenue $ 11,584 $ 32,156
-------- ----------
Expenses:
Depreciation and amortization 4,575 11,840
Interest and amortization 4,247 11,753
Other income and expenses 1,685 4,693
Debt satisfaction 650 650
-------- ----------
11,157 28,936
-------- ----------
Income before gain on sale of properties 427 3,220
Gain on sale of properties 1,740 1,740
-------- ----------
Net income $ 2,167 $ 4,960
======== ==========
3
LEXINGTON CORPORATE PROPERTIES TRUST
2005 Third Quarter Transaction Summary
Acquisitions ($000's)
Average Current
Annual Average Annual Current
Property Capitalized GAAP GAAP Cash Cash Lease
Tenants/Guarantors Location Type Costs Rent, net Yield Rent, net Yield Term
- ------------------ -------- ---- ----- --------- ----- --------- ----- ----
California Culinary Academy, LLC (1)
(Career Education Corp.) San Francisco, CA Office $ 36,905 $ 2,469 6.7% $ 2,492 6.8% Nov-19
Georgia Power Company (2) McDonough, GA Office 19,761 1,511 7.6 1,421 7.2 Jun-15
Omnipoint Holdings, Inc. (2)
(T-Mobile USA, Inc.) Oakland, ME Office 14,044 1,366 9.7 1,192 8.5 Aug-20
TI Group Automotive Systems, LLC Lavonia, GA Industrial 14,379 1,200 8.3 1,200 8.3 May-20
--------- -------- --- -------- ---
$ 85,089 $ 6,546 7.7% $ 6,305 7.4%
========= ======== === ======== ===
Completed Expansions ($000's)
Average Current
Expanded Annual Average Annual
Property Square Capitalized GAAP GAAP Cash Rent, Cash
Tenants/Guarantors Location Type Feet Costs Rent, net Yield net Yield
- ------------------ -------- ---- ---- ----- --------- ----- --- -----
Harbor Freight Tools (Central
Purchasing, Inc.) Dillon, SC Industrial 536,386 $ 13,154 $ 1,107 8.4% $ 1,107 8.4%
Owens Corning Chester, SC Industrial 226,706 6,404 567 8.9 567 8.9
------- ------- ------ --- ----- ---
763,092 $ 19,558 $ 1,674 8.6% $ 1,674 8.6%
======= ======= ====== === ===== ===
Dispositions ($000's)
Property
Tenants/Guarantors Location Type Net Sale Price Net Book Value
- ------------------ -------- ---- -------------- --------------
Hollywood Entertainment Corp. Wilsonville, OR Office $ 14,036 $ 12,428
NEC America, Inc. (3) Herndon, VA Office 23,496 18,277
--------- ---------
$ 37,532 $ 30,705
========= =========
Lease Extensions/New Leases ($000's)
Extension
Property Previous Extended Rent Per
Tenants/Guarantors Location Type Term Term Annum
- ------------------ -------- ---- ---- ---- -----
Avnet, Inc. Phoenix, AZ Office Nov-07 Nov-12 $ 2,205
Joseph Campbell Company Marshall, MI Industrial Aug-05 Aug-07 $ 140
Mimeo.com, Inc. Memphis, TN Industrial Oct-09 Sep-20 $ 270
Physical Fitness Centers of
Philadelphia,
Inc. (Bally Total Fitness Corp) Voorhees, NJ Retail Jun-07 Jun-17 $ 442
Associated Billing Services, LLC Phoenix, AZ Office -- Jul-16 $ 300
Owens Corning Chester, SC Industrial Aug-20 Aug-25 $ 2,186
4
LEXINGTON CORPORATE PROPERTIES TRUST
2005 Third Quarter Transaction Summary
New Financings ($000's)
Tenants/Guarantors Location Amount Rate Maturity Date
- ------------------ -------- ------ ---- -------------
Dana Corporation Elizabethtown, KY $ 25,603 4.99% Jul-15
Dana Corporation Elizabethtown, KY 4,822 4.99% Jul-15
Dana Corporation Hopkinsville, KY 15,001 4.99% Jul-15
Dana Corporation Owensboro, KY 10,846 4.99% Jul-15
Dana Corporation Dry Ridge, KY 12,128 4.99% Jul-15
Georgia Power Company (2) McDonough, GA 12,675 5.21% Jun-15
Omnipoint Holdings, Inc. (2)
(T-Mobile USA, Inc.) Oakland, ME 10,500 5.93% Oct-20
Owens Corning Chester, SC 14,000 5.38% Aug-25
-------- ----
$ 105,575 5.16%
======== ====
(1) Lexington has a 30% interest in this property through Lexington/Lion
Venture LP.
(2) Lexington has a 25% interest in this property through Lexington
Acquiport Company II, LLC.
(3) Lexington has a 33 1/3% interest in this property through Lexington
Acquiport Company LLC.
5
LEXINGTON CORPORATE PROPERTIES TRUST
2005 Second Quarter Transaction Summary
Acquisitions ($000's)
Average Current
Annual Average Annual Current
Property Capitalized GAAP GAAP Cash Cash Lease
Tenants/Guarantors Location Type Costs Rent, net Yield Rent, net Yield Term
- ------------------ -------- ---- ----- --------- ----- --------- ----- ----
Bank of America NT & SA (1) Los Angeles, CA Office $ 121,075 $ 9,106 7.5% $ 7,574 6.5% Jun-12
Internet Security Systems, Inc. Atlanta, GA Office 76,606 5,676 7.4 5,141 6.7 May-13
Nissan Motor Acceptance Corp./Nissan
North America, Inc. (2) Irving, TX Office 60,414 4,810 8.0 4,505 7.5 Mar-13
Experian Information Solutions, Inc./
TRW Inc. Dallas, TX Office 47,022 3,374 7.2 3,154 6.7 Oct-10
Capital One Services, Inc. (3) - 3 Richmond, VA Office 33,049 2,890 8.7 2,841 8.6 May-06
leases & Mar-10
Chrysler Financial Company LLC (2) Westlake, TX Office 32,297 2,740 8.5 2,390 7.4 Dec-11
Dana Corporation Farmington Hills, Office 29,258 2,319 7.9 2,331 8.0 Oct-21
MI
Transocean, Inc. & Newpark Aug-09
Resources, Houston, TX Office 25,512 2,256 8.8 2,176 8.5 & Mar-11
Inc.
Ikon Office Solutions, Inc. Houston, TX Office 26,765 2,251 8.4 2,229 8.3 Jan-13
Lucent Technologies, Inc. (3) Raleigh, NC Office 22,428 1,643 7.3 2,041 9.1 Sep-11
ASM Lithograph Holding NV Tempe, AZ Office 21,014 1,841 8.8 2,130 10.1 Jun-13
John Wiley & Sons, Inc. Fishers, IN Office 21,533 1,873 8.7 2,094 9.7 Oct-09
AT&T Wireless Services, Inc. & Jordan Aug-10
Associates, Inc. (5) Oklahoma City, OK Office 21,524 1,698 7.9 1,678 7.8 & Dec-08
Kerr-McGee Corporation Houston, TX Office 19,264 1,627 8.4 1,559 8.1 Jul-14
PacifiCare Health Systems, Inc. San Antonio, TX Office 19,812 1,621 8.2 1,640 8.3 Nov-10
AT&T Wireless Services, Inc. Harrisburg, PA Office 15,103 1,449 9.6 1,433 9.5 Nov-08
The Dial Corporation Phoenix, AZ Office 23,594 1,914 8.1 1,388 6.4 Aug-08
AmeriCredit Corporation Jacksonville, FL Office 12,761 1,530 12.0 1,460 11.4 Jun-11
Metris Companies, Inc. Tulsa, OK Office 13,115 1,307 10.0 1,307 10.0 Jan-10
Kraft Foods North America, Inc. & Jan-12
PerkinElmer Instruments LLC Atlanta, GA Office 16,610 1,298 7.8 1,232 7.4 & Nov-16
Alstom Power, Inc. Richmond, VA Office 15,841 1,421 9.0 1,214 7.7 Oct-14
Travelers Express Company, Inc. Lakewood, CO Office 12,025 865 7.2 1,091 9.1 Mar-12
Allstate Insurance Company Indianapolis, IN Office 16,200 1,372 8.5 1,056 7.2 Aug-12
Gartner, Inc. Fort Meyers, FL Office 13,559 1,052 7.8 998 7.4 Jan-13
Ingram Micro, Inc. Memphis, TN Industrial 24,418 2,271 9.3 2,112 8.6 Sep-11
Dana Corporation Kalamazoo, MI Industrial 23,603 1,954 8.3 1,843 7.8 Oct-21
EDS Information Services LLC/
Electric Data Systems Corp. (2) Des Moines, IA Industrial 34,070 2,856 8.4 2,663 7.8 Apr-12
Dana Corporation 5 locations - KY Industrial 78,900 6,968 8.8 6,968 8.8 Jun-25
Morgan, Lewis & Bockius LLP (4) Philadelphia, PA Office 68,257 4,856 7.1 4,847 7.1 Jan-14
--------- -------- --- -------- ---
$ 945,629 $ 76,838 8.1% $ 73,095 7.8%
========= ======== === ======== ===
(1) Lexington has a 25% interest in this property through Lexington
Acquiport Company II, LLC.
(2) Lexington has a 30% interest in this property through Triple Net
Investment Company LLC.
(3) Lexington has a 30% interest in this property through Lexington/Lion
Venture LP.
(4) Lexington has an 80.5% interest in this property.
(5) Lexington has a 40% interest in this property through Lexington
Oklahoma City, LP.
6
LEXINGTON CORPORATE PROPERTIES TRUST
2005 Second Quarter Transaction Summary
Dispositions ($000's)
Property
Tenants/Guarantors Location Type Net Sale Price Net 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
Tenants/Guarantors Location Type Term Term Annum
- ------------------ -------- ---- ---- ---- -----
Toys "R" Us, Inc. Lynwood, WA Retail May-06 May-11 $ 279
Toys "R" Us, Inc. Clackamas, OR Retail May-06 May-11 $ 298
Toys "R" Us, Inc. Tulsa, OK Retail May-06 May-11 $ 255
AGC Automotive Americas Co./AFG
Industries, Inc Hebron, KY Office -- Aug-12 $ 159
7
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 (1) Los Angeles, CA $ 80,182 5.330% May-13
Internet Security Systems, Inc. Atlanta, GA 45,238 5.268 May-13
Nissan Motor Acceptance
Corp./Nissan Irving, TX 40,921 5.218 May-13
North America, Inc. (2)
Experian Information Solutions,
Inc./ Dallas, TX 30,582 5.126 May-11
TRW Inc.
Capital One Services, Inc. (3) - 3 Richmond, VA 19,800 5.110 May-15
leases
Chrysler Financial Company LLC (2) Westlake, TX 19,645 5.097 May-12
Dana Corporation Farmington Hills, 20,550 5.126 May-11
MI
Transocean, Inc. & Newpark
Resources, Houston, TX 16,977 5.160 May-15
Inc.
Ikon Office Solutions, Inc. Houston, TX 17,660 5.218 May-13
Lucent Technologies, Inc. (3) Raleigh, NC 12,900 4.947 May-12
ASM Lithograph Holding NV Tempe, AZ 13,648 5.148 May-13
John Wiley & Sons, Inc. Fishers, IN 13,182 5.160 May-15
AT&T Wireless Services, Inc. &
Jordan Oklahoma City, OK 14,749 5.240 May-15
Associates, Inc. (5)
Kerr-McGee Corporation Houston, TX 13,254 5.210 May-15
PacifiCare Health Systems, Inc. San Antonio, TX 13,071 5.340 May-15
AT&T Wireless Services, Inc. Harrisburg, PA 9,180 5.110 May-15
The Dial Corporation Phoenix, AZ 14,170 5.268 May-13
AmeriCredit Corporation Jacksonville, FL 5,804 5.110 May-15
Metris Companies, Inc. Tulsa, OK 7,688 5.060 May-15
Kraft Foods North America, Inc. &
PerkinElmer Instruments LLC Atlanta, GA 11,325 5.260 May-15
Alstom Power, Inc. Richmond, VA 10,608 5.310 May-15
Travelers Express Company, Inc. Lakewood, CO 8,694 5.097 May-12
Allstate Insurance Company Indianapolis, IN 9,638 5.168 May-13
Gartner, Inc. Fort Meyers, FL 8,912 5.268 May-13
Ingram Micro, Inc. Memphis, TN 17,827 5.247 May-12
Dana Corporation Kalamazoo, MI 17,625 5.411 May-15
EDS Information Services LLC/
Electric Data Systems Corp. (2) Des Moines, IA 22,761 5.147 May-12
Playboy Enterprises, Inc. & Sony
Electronics, Inc. Los Angeles, CA 11,500 5.110 May-15
Cadence Design Systems Chelmsford, MA 7,008 5.118 May-13
Principal Life Insurance Company Clive, IA 5,920 5.139 May-14
Minnesota Mining & Manufacturing
Company Wallingford, CT 3,453 4.926 May-11
Alstom Power, Inc. Knoxville, TN 7,800 5.310 May-15
Hartford Fire Insurance Company Southington, CT 13,780 5.018 May-13
Morgan, Lewis & Bockius LLP (4) Philadelphia, PA 49,000 5.060 Jul-14
-------- -------
$ 615,052 5.194%
======== =======
(1) Lexington has a 25% interest in this property through Lexington
Acquiport Company II, LLC.
(2) Lexington has a 30% interest in this property through Triple Net
Investment Company LLC.
(3) Lexington has a 30% interest in this property through Lexington/Lion
Venture LP.
(4) Lexington has an 80.5% interest in this property.
(5) Lexington has a 40% interest in this property through Lexington
Oklahoma City, LP.
8
LEXINGTON CORPORATE PROPERTIES TRUST
2005 First Quarter Transaction Summary
Acquisitions ($000's)
Average Current
Annual Average Annual Current
Property Capitalized GAAP GAAP Cash Cash Lease
Tenants/Guarantors Location Type Costs Rent, net Yield Rent, net Yield Term
- ------------------ -------- ---- ----- --------- ----- --------- ----- ----
Alstom Power, Inc. Knoxville, TN Office $ 12,012 $ 1,140 9.5% $ 975 8.1% Oct-14
Dispositions ($000's)
Property
Tenants/Guarantors Location Type Net Sale Price Net 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)
Extension
Property Previous Extended Rent Per
Tenants/Guarantors Location Type Term Term Annum
- ------------------ -------- ---- ---- ---- -----
Ameritech Services, Inc. Columbus, OH Industrial May-05 May-15 $ 138
Hartford Fire Insurance Company Southington, CT Office Dec-05 Dec-12 $ 1,570
Cadbury Adams (1)(3) Parsippany, NJ Office Jan-10 Jun-15 $ 4,009
New Financings ($000's)
Tenants/Guarantors Location Amount Rate Maturity Date
- ------------------ -------- ------ ---- -------------
Spacelabs Medical, Inc. Issaquah, WA $ 32,800 5.00% Dec-14
(OSI Systems, Inc.) (2) 2 properties
Verizon Wireless (2) Wilmington, NC 13,000 5.19% Mar-17
-------- ----
$ 45,800 5.05%
======== ====
(1) Lexington has a 33 1/3% interest in this property through Lexington
Acquiport Company, LLC.
(2) Lexington has a 25% interest in this property through Lexington
Acquiport Company II, LLC.
(3) Lease encompasses approximately 50% of gross leaseable area.
9
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
09/30/05
- ---------------------------------------------------------------------------------------------------------------------
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. $ 6,580 $ 6,580 295,000 1982
Salt Lake City, UT
10001 Richmond Avenue Baker Hughes, Inc. 4,420 5,523 554,385 1976/1984
Houston, TX
6303 Barfield Road & 859 Internet Security Systems, 2,877 2,773 289,000 2003
Mount Vernon Hwy. Inc.(24)
Atlanta, GA
3480 Stateview Blvd. Wells Fargo Bank N.A. (13) 2,367 2,587 169,218 2004
Fort Mill, SC
33 Commercial Street Invensys Systems, Inc. 2,432 2,432 164,689 1982
Foxboro, MA (Siebe, Inc.)
3476 Stateview Boulevard Wells Fargo Home 2,117 2,266 169,083 2002
Fort Mill, SC Mortgage (4) (5)
9950 Mayland Drive Circuit City Stores, Inc. 2,145 2,094 288,562 1990
Richmond, VA
1415 Wyckoff Road New Jersey Natural Gas Co. 2,023 2,023 157,511 1983
Wall Township, NJ
2750 Monroe Boulevard Quest Diagnostics, Inc.(2) 1,825 1,916 109,281 1985/2001
Valley Forge, PA
1301 California Circle Artesyn North America, Inc. 2,172 1,911 100,026 1985
Milpitas, CA (Balfour Beatty plc)
700 Oakmont Lane North American Van Lines, 1,771 1,887 269,715 1989
Inc.
Westmont, IL (SIRVA, Inc.)(3)
70 Mechanic Street Invensys Systems, Inc. 2,149 1,872 251,914 1965/1988
Foxboro, MA (Siebe, Inc.)
13651 McLearen Road Boeing North American 2,016 1,852 159,664 1987
Herndon, VA Services, Inc.
(The Boeing Company)
2211 South 47th Street Avnet, Inc. 1,885 1,834 176,402 1997
Phoenix, AZ
1701 Market Street Morgan Lewis & Bockius 1,747 1,756 322,317 1957
Philadelphia, PA LLP(21)(22)
5600 Broken Sound Blvd Oce Printing Systems USA, 1,509 1,684 143,290 1983/2002
Inc.
Boca Raton, FL
4200 RCA Boulevard The Wackenhut Corp.(6) 1,636 1,625 114,518 1996
Palm Beach Gardens, FL
1311 Broadfield Blvd. Transocean, Inc.(25) 1,021 1,063 103,260 2000
Houston, TX Newpark Resources, Inc.(26) 545 529 52,731
601 & 701 Experian Pkwy. TRW Inc. (Experian 1,895 1,574 292,700 1981
Dallas, TX Information Solutions, Inc.) 1983
701 Brookfield Parkway Verizon Wireless (7) 1,478 1,550 192,884 2000/2001
Greenville, SC
10
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
19019 No. 59th Avenue Honeywell, Inc. 1,502 1,485 252,300 1985
Glendale, AZ
4201 Marsh Lane Carlson Restaurants 1,352 1,482 130,000 2003
Worldwide,
Carrollton, TX Inc. (16)
12645 W. Airport Road Baker Hughes, Inc. 1,132 1,455 165,836 1997
Sugar Land, TX
26210 and 26220 Enterprise Apria Healthcare Group, 1,274 1,344 100,012 2001
Court Inc.
Lake Forest, CA
2210 Enterprise Drive Washington Mutual Home 1,312 1,274 177,747 1998
Florence, SC Loan, Inc.
200 Executive Blvd. S Hartford Fire Insurance 1,623 1,218 153,364 1983
Co.
Southington, CT
1600 Eberhardt Road Nextel of Texas 1,038 1,169 108,800 2001
Temple, TX
2999 SW 6th St. Voice Stream PCS I LLC 1,001 1,163 77,484 2004
Redmond, OR (T-Mobile USA, Inc.)
160 Clairemont Avenue Allied Holdings, Inc. 1,224 1,147 112,248 1983
Decatur, GA
27016 Media Center Drive Playboy Enterprises, Inc. 974 943 63,049 2000
Los Angeles, CA Sony Electronics, Inc. (17) 192 203 20,203
10475 Crosspoint Blvd. John Wiley & Sons, Inc.(31) 1,102 1,102 141,047 1999
Fishers, IN
27404 Drake Road Dana Corporation 1,088 1,084 112,480 1999
Farmington Hills, MI
26555 Northwestern Highway Federal-Mogul Corporation 869 1,064 187,163 1963/1965
Southfield, MI
10419 North 30th Street Time Customer Service, Inc. 1,082 1,057 132,981 1986
Tampa, FL (Time, Inc.)
810-820 Gears Road IKON Office Solutions, 1,029 1,050 157,790 2000
Houston, TX Inc.
250 Rittenhouse Circle Jones Apparel Group 949 1,039 255,019 1982
Bristol, PA USA, Inc.
(Jones Apparel Group, Inc.)
(1)
400 Butler Farm Road Nextel Communications of 967 977 100,632 1999
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
2800 Waterford Lake Dr. Alstom Power, Inc.(28) 818 940 99,057 2000
Richmond, VA
15501 North Dial Blvd. The Dial Corporation 648 889 129,689 1998
Phoenix, AZ
1409 Centerpoint Blvd Alstom Power, Inc. (19) 771 885 84,404 2001
Knoxville, TN (20)
11
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
8555 South River Pkwy. ASM Lithography Holding 995 863 95,133 1998
Tempe, AZ NV
6455 State Hwy 303 NE Nextel West Corporation 726 835 60,200 2001
Bremerton, WA
270 Billerica Road Cadence Design Systems(14) 761 799 100,000 1985
Chelmsford, MA
16676 Northchase Dr. Kerr-McGee Corporation 718 759 101,111 2003
Houston, TX
6200 Northwest Pkwy. PacifiCare Health Systems, 687 756 142,500 2000
San Antonio, TX Inc.
5757 Decatur Blvd. Allstate Insurance Company(29) 582 721 84,200 2002
Indianapolis, IN Holladay Property 35 35 5,756
Services(30)
4000 Johns Creek Pkwy. Kraft Foods N.A., Inc.(27) 617 647 73,264 2001
Atlanta, GA PerkinElmer Instruments 96 108 13,955
LLC
180 Rittenhouse Circle Jones Apparel Group 692 728 96,000 1998
Bristol, PA USA, Inc. (Jones Apparel
Group, Inc.)(10)
2550 Interstate Dr. AT&T Wireless Services, 654 676 81,859 1998
Harrisburg, PA Inc.
16275 Technology Drive Cymer, Inc. 657 666 65,755 1989
San Diego, CA (Hewlett-Packard)
2529 West Thorns Drive Baker Hughes, Inc. 470 634 65,500 1981/1999
Houston, TX
12000 Tech Center Drive Kelsey-Hayes Company 572 617 80,230 1988
Livonia, MI
2401 Cherahala Boulevard Advance PCS, Inc. 589 616 59,748 2002
Knoxville, TN
4848 129th East Ave. Metris Companies, Inc. 610 610 101,100 2000
Tulsa, OK
1275 NW 128th Street Principal Life Insurance 591 600 61,180 2003
Clive, IA Company(12)
2310 Village Square Pkwy. AmeriCredit Corporation 667 580 85,000 2001
Jacksonville, FL
13430 N. Black Canyon Freeway Bull HN Information 843 566 137,058 1985/1994
Phoenix, AZ Systems, Inc.
421 Butler Farm Road Nextel Communications of 542 539 56,515 2000
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
12600 Gateway Blvd. Gartner, Inc. 456 491 62,400 1997
Fort Meyers, FL
12
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
100 Barnes Road Minnesota Mining and 419 454 44,400 1978/1985
Wallingford, CT Manufacturing Company
3940 South Teller St. Travelers Express 509 406 68,165 2002
Lakewood, CO Company, Inc.(18)
1440 East 15th Street Cox Communications, 321 342 28,591 1988
Tucson, AZ Inc.
250 Turnpike Road Honeywell Consumer 324 324 57,698 1984
Southborough, MA Products
2300 Litton Lane AGC Automotive 17 53 81,744 1987
Hebron, KY Americas Company(23)
3615 North 27th Avenue VACANT -- -- 179,280 1960/1979
Phoenix, AZ
1600 Viceroy Drive VACANT -- -- 249,452 1986
Dallas, TX
------------------------------------------------------------------------
Subtotal $ 82,707 $ 84,726 9,475,249
------------------------------------------------------------------------
Industrial
- ----------
541 Perkins Jones Road Kmart Corp. $ 7,020 $ 6,699 1,700,000 1982
Warren, OH
19500 Bulverde Road Harcourt Brace 2,271 2,572 559,258 2001
San Antonio, TX
2425 Highway 77 North James Hardie Building 2,550 2,550 425,816 1996/1997
Waxahachie, TX Products, Inc. (James
Hardie Industries NV)
3501 West Avenue H Michaels Stores, Inc. 2,428 2,478 762,775 1998/2002
Lancaster, CA
9110 Grogans Mill Road Baker Hughes, Inc. 1,543 2,299 275,750 1992
Houston, TX
159 Farley Drive Harbor Freight Tools 1,686 1,895 1,010,859 2001
Dillon, SC (Central Purchasing,
Inc.)
8305 SE 58th Avenue Associated Grocers of 1,550 1,679 668,034 1976
Ocala, FL Florida, Inc.
6345 Brackbill Boulevard Exel Logistics, Inc. 1,528 1,389 507,000 1985/1991
Mechanicsburg, PA (NFC plc)
590 Ecology Lane Owens Corning 1,329 1,329 420,597 2001
Chester, SC
431 Smith Lane Kirkland's, Inc. (11) 1,063 1,063 771,127 2004
Jackson, TN
3820 Micro Drive Ingram Micro Inc. 950 1,060 701,819 1997
Memphis, TN
13
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
4425 Purks Road Lear Technologies LLC 1,054 1,024 183,717 1989/1998
Auburn Hills, MI (Lear Corporation)
(General Motors Corp.)
6 Doughten Road Exel Logistics, Inc. 1,115 1,012 330,000 1989
New Kingston, PA (NFC plc)
6938 Elm Valley Dr. Dana Corporation 860 912 150,945 1999
Kalamazoo, MI
6500 Adelaide Court Anda Pharmaceuticals, 918 905 354,676 2002
Inc.
Groveport, OH (Andrx Corporation)
7500 Chavenelle Road The McGraw-Hill 788 873 330,988 2002
Dubuque, IA Companies, Inc.
12025 Tech Center Drive Kelsey-Hayes Company 787 854 100,000 1987/1988
Livonia, MI
250 Swathmore Avenue Steelcase, Inc. (15) 768 815 244,851 2002
High Point, NC
Moody Commuter & Tech Park TNT Logistics North 790 790 595,346 2004
Moody, AL America, Inc. (TPG
N.V.)
3102 Queen Palm Drive Time Customer 753 757 229,605 1986
Service,
Tampa, FL Inc. (Time, Inc.)
2280 Northeast Drive Ryder Integrated 748 753 276,480 1996/1997
Waterloo, IA Logistics, Inc.
(Ryder Systems, Inc.)
245 Salem Church Road Exel Logistics, Inc. 827 750 252,000 1985
Mechanicsburg, PA (NFC plc)
200 Arrowhead Drive Owens Corning 770 739 400,522 1999
Hebron, OH
750 N. Black Branch Road Dana Corporation 710 710 539,592 1995/2001
Elizabethtown, KY
3600 Southgate Drive Sygma Network, Inc. 700 700 149,500 2000
Danville, IL
46600 Port Street Johnson Controls, Inc. 692 692 134,160 1996
Plymouth, MI
1133 Poplar Creek Road Corporate Express Office 589 607 196,946 1998
Henderson, NC Products, Inc.
(Buhrmann, N.V.)
450 Stern Street Johnson Controls, Inc. 524 524 111,160 1996
Oberlin, OH
34 East Main Street Exel Logistics, Inc. 540 490 179,200 1981
New Kingston, PA
7670 Hacks Cross Road Dana Corporation 458 472 168,104 1989
Olive Branch, MS
14
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
191 Arrowhead Drive Owens Corning 480 470 250,410 2000
Hebron, OH
904 Industrial Road Tenneco Automotive 436 450 195,640 1968/1972
Marshall, MI Operating Company, Inc.
(Tenneco Automotive, Inc.)
109 Stevens Street Unisource Worldwide, Inc. 429 441 168,800 1958/1969
Jacksonville, FL
128 Crews Drive Stone Container 406 428 185,961 1968/1998
Columbia, SC Corporation
1700 47th Avenue North Owens Corning 411 411 18,620 2003
Minneapolis, MN
301 Bill Byran Road Dana Corporation 363 363 410,844 1987/1997/
Hopkinsville, KY 2000
10000 Business Boulevard Dana Corporation 336 336 336,350 1988
Dry Ridge, KY
7150 Exchequer Drive Corporate Express Office 317 317 79,086 1998
Baton Rouge, LA Products, Inc.
(Buhrmann, N.V.)
222 Tappan Drive North The Gerstenslager 281 278 296,720 1970
Mansfield, OH Company(32)
(Worthington Industries)
324 Industrial Park Road SKF USA, Inc. 272 272 72,868 1996
Franklin, NC
187 Spicer Drive Dana Corporation 260 256 148,000 1983/1985
Gordonsville, TN
4010 Airpark Drive Dana Corporation 199 199 162,468 1998/2000
Owensboro, KY
359 Gateway Drive TI Group Automotive 177 177 133,221 2005
Lavonia, GA Systems, LLC
300 McCormick Road Ameritech Services, Inc. 148 141 20,000 1990
Columbus, OH (9)
730 N. Black Branch Road Dana Corporation 134 134 167,770 2001
Elizabethtown, KY
3350 Miac Cove Road Mimeo.com, Inc. (8) 144 129 141,359 1987
Memphis, TN
1601 Pratt Avenue Tenneco Automotive(33) 111 109 -- 1979
Marshall, MI Operating Company, Inc.
(Tenneco Automotive, Inc.)
Joseph Campbell Company 17 17 53,600
----------------------------------------------------------------------------
Subtotal $ 43,230 $ 44,320 15,572,544
----------------------------------------------------------------------------
15
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
Retail
- ------
2655 Shasta Way Fred Meyer, Inc. $ 757 $ 757 178,204 1986
Klamath Falls, OR
Fort Street Mall, King Liberty House, Inc. 722 729 85,610 1980
Street
Honolulu, HI
150 N.E. 20th Street Fred Meyer, Inc. 727 727 118,179 1986
Newport, OR
35400 Cowan Road Sam's Real Estate 565 565 102,826 1987/1997
Westland, MI Business Trust
12235 N. Cave Creek Bally's Health & Tennis 631 535 36,556 1988
Phoenix, AZ Corporation
4733 Hills & Dales Road Scandinavian Health Spa, Inc. 547 514 37,214 1987
Canton, OH (Bally Total Fitness
Corp.)
1160 White Horse Road Physical Fitness Centers of 615 490 31,750 1987
Voorhees, NJ Philadelphia, Inc.
(Bally Total Fitness
Corp.)
5917 S. La Grange Road Bally Total Fitness Corp. 495 386 25,250 1987
Countryside, IL
4831 Whipple Avenue, N.W. Best Buy Co., Inc. 349 349 46,350 1995
Canton, OH
3711 Gateway Drive Kohl's Dept. Stores, Inc. 351 347 76,164 1994
Eau Claire, WI
399 Peach Wood Centre Dr. Best Buy Co., Inc. 296 296 45,800 1996
Spartanburg, SC
12535 S.E. 82nd Avenue Toys "R" Us, Inc. 323 288 42,842 1981
Clackamas, OR
18601 Alder Wood Mall Toys "R" Us, Inc. 298 270 43,105 1981
Boulevard
Lynwood, WA
24100 Laguna Hills Mall Federated Department 507 262 160,000 1974
Laguna Hills, CA Stores, Inc.
6910 S. Memorial Highway Toys "R" Us, Inc. 273 247 43,123 1981
Tulsa, OK
9580 Livingston Road GFS Realty, Inc. 154 209 107,337 1976
Oxon Hill, MD (Giant Food, Inc.)
121 South Center Street Greyhound Lines, Inc. 157 157 17,000 1968
Stockton, CA
16
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Year
Revenue Revenue Square Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
2401 Wooton Parkway GFS Realty, Inc. 104 114 51,682 1977
Rockville, MD (Giant Food, Inc.)
----------------------------------------------------------------------------
Subtotal $ 7,871 $ 7,242 1,248,992
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Grand Total $ 133,808 $ 136,288 26,296,785
----------------------------------------------------------------------------
(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 $600. 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) The original tenant lease expired during the third quarter of 2005 and the
subtenant extended lease for two years.
17
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
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 $ 6,716 $ 6,419 340,240 2000
Morris Corporate Center IV (Pharma Holdings GmbH)(A)
Parsippany, NJ
17 Technology Circle Blue Cross Blue Shield 5,533 5,198 456,304 1999/2001
Columbia, SC of South Carolina Inc.(B)
275 South Valencia Ave. Bank of America NT & SA (H) 3,534 4,243 637,503 1983
Los Angeles, CA
100 Wood Hollow Drive Greenpoint Mortgage 3,324 3,648 124,600 2001
Novato, CA Funding, Inc. (E)(F)
6555 Sierra Drive True North Communications 3,309 3,187 247,254 1999
Irving, TX Inc.(A)
101 East Erie Building Foote, Cone & Belding 2,908 2,921 203,376 1986
Chicago, IL (Interpublic Group of
Companies, Inc.) (E)
Higgins Development 87 90 18,869 1986
Partners(E)
5200 Metcalf Avenue Employers Reinsurance 2,968 2,968 320,198 1980/1990/
Overland Park, KS Corporation(H) 2003
27027 Tourney Road Specialty Laboratories, 2,672 2,672 187,262 2004
Santa Clarita, CA Inc.(E)
15375 Memorial Drive Vastar Resources, Inc.(A) 2,578 2,578 327,325 1985
Houston, TX
10300 Kincaid Drive Bank One Indiana, 2,536 2,465 193,000 1999
Fishers, IN N.A.(A)(D)
10300 Town Park Drive Veritas DGC, Inc. (E) 2,081 2,436 218,641 2000
Houston, TX
8900 Freeport Pkwy. Nissan Motor Acceptance 2,066 2,245 268,445 2002
Irving, TX Corporation/ (Nissan North
America, Inc.)(L)
600 International Parkway First USA Management 2,192 2,191 125,155 1997
Lake Mary, FL Services, Inc.(A)(C)
550 International Parkway First USA Management 2,115 2,115 125,920 1999
Lake Mary, FL Services, Inc.(A)(C)
10940 White Rock Road Progressive Casualty 2,000 2,103 158,582 2002
10929 Disk Drive Insurance Company(E)
Rancho Cordova, CA
2000 Eastman Drive Structural Dynamic 2,074 2,092 212,836 1991
Milford, OH Research Corp.(A)
3701 Corporate Drive Motorola, Inc.(A) (J) 2,035 2,035 119,829 2001
Farmington Hills, MI
1401 & 1501 Nolan Ryan Siemens Dematic Postal 1,789 1,900 233,783 2003
Parkway Automation, L.P. (H)
Arlington, TX
18
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Square Year
Revenue Revenue Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
9201 East Dry Creek Road The Shaw Group, Inc. (K) (L) 1,524 1,880 128,500 2001/2002
Centennial, CO
2050 Roanoke Road Chrysler Financial Company 1,488 1,652 130,290 2001
Westlake, TX LLC (L)
1475 Dunwoody Drive ING USA Annuity and Life 1,482 1,529 125,000 1998/1999
West Chester, PA Insurance Company (E)
13775 McLearen Road Equant N.V. (E) (G) 1,353 1,508 125,293 1984/1988/
Herndon, VA 1992
70 Valley Stream Parkway IKON Office Solutions, 1,443 1,496 106,855 1987
Malvern, PA Inc(E)(I)
5150 220th Avenue South Spacelabs Medical, Inc 1,400 1,462 106,944 1992
Issaquah, WA (OSI Systems, Inc.)(H)
9201 Stateline Employers Reinsurance 1,402 1,402 166,641 1963/1985/
Kansas City, MO Corporation(H) 2003
110, 120 & 130 E. Shore Dr. Capital One Services, Inc. (E) 1,305 1,348 68,500 2000
Richmond, VA 77,045 1998
79,675 2000
22011 SE 51st Street Spacelabs Medical, Inc 1,282 1,250 95,600 1987
Issaquah, WA (OSI Systems, Inc.)(H)
1110 Bayfield Drive Honeywell International, 1,151 1,228 166,575 1980/2002
Colorado Springs, CO Inc.(A) (O)
3601 Converse Drive Verizon Wireless(H) 1,150 1,218 160,500 2004
Wilmington, NC
275 Technology Drive ANSYS, Inc.(L) 930 1,015 107,872 1996
Canonsburg, PA
Renner Blvd. Voicestream PCS II Corporation 879 1,014 77,484 2004
Lenexa, KS (T-Mobile USA, Inc.) (H)
East Goldstone Drive T-Mobile USA, Inc. (H) 864 990 77,483 2004
Meridian, ID
4455 American Way Bell South Mobility, Inc. (L) 758 817 70,100 1997
Baton Rouge, LA
3201 Quail Springs Pkwy. AT& T Wireless Services, Inc.(N) 609 634 103,500 1999
Oklahoma City, OK Jordan Associates, Inc. 153 153 25,000
(N)
200 Lucent Lane Lucent Technologies, Inc. (E) 918 771 120,000 1999
Raleigh, NC
3711 San Gabriel Voice Stream PCS II LLC 675 738 75,016 2004
Mission, TX (T-Mobile USA, Inc.) (L)
19
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP Square Year
Revenue Revenue Constructed/
Property Location Tenant (Guarantor) ($000) ($000) Footage Renovated
- ---------------------------------------------------------------------------------------------------------------------
First Park Drive Omnipoint Holdings, Inc.(H) 72 83 78,610 2005
Oakland, ME (T-Mobile USA, Inc.)
350 Rhode Island Street California Culinary Academy, 90 73 105,568 2002
San Francisco, CA LLC (Career Education
Corp.)(E)
Starbucks Coffee 2 2 1,864
Company(E) (P)
VACANT(E) -- -- 19,642
2500 Patrick Henry Pkwy. Georgia Power Company(H) 93 97 111,911 1999
McDonough, GA
----------------------------------------------------------------------------
Subtotal Office $ 73,540 $ 75,866 7,030,590
----------------------------------------------------------------------------
Industrial
----------
101 Michelin Drive TNT Logistics North $ 2,327 $ 2,420 1,164,000 1991/1993
Laurens, SC America, Inc.
(TPG N.V.) (A)
Philipp Parkway L'Oreal USA, Inc. (H) 1,718 1,889 649,250 2004
Streetsboro, OH
7111 Crabb Road TNT Logistics North 1,558 1,621 752,000 1978/1993
Temperance, MI America, Inc.
(TPG N.V.) (A)
6050 Dana Way Dana Corporation (L) (Q) 1,833 1,606 677,400 1999
Antioch, TN
2400 West Haven Avenue Michaels Stores Procurement 1,456 1,456 693,000 2004
New Lenox, IL Company, Inc.
(Michaels Stores, Inc.)
(E)
43955 Plymouth Oaks Tower Automotive Products 1,414 1,414 290,133 1996/1998
Boulevard Company
Plymouth, MI (Tower Automotive,
Inc.) (E)
121 Technology Drive Heidelberg Web Systems, 1,503 1,387 500,500 1986/2003
Durham, NH Inc. (G) (M)
3600 Army Post Rd. EDS Information Services LLC 1,215 1,333 405,000 2002
Des Moines, IA (Electronic Data Systems
Corporation) (L)
3225 Meridian Parkway Hagemeyer Foods, Inc. (E) 1,112 1,207 201,845 1995
Weston, FL
291 Park Center Drive Kraft Foods North 1,065 1,110 344,700 2001
Winchester, VA America, Inc. (A)
1109 Commerce Linens-n-Things, Inc. (E) 944 939 262,644 1998
Boulevard
Logan Township, NJ
3245 Meridian Parkway Circuit City Stores, Inc. (E) 785 876 230,600 1995
Weston, FL
----------------------------------------------------------------------------
Subtotal Industrial $ 16,930 $ 17,258 6,171,072
----------------------------------------------------------------------------
20
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
9/30/05
- ---------------------------------------------------------------------------------------------------------------------
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 (L) (R) $ 276 $ 735 107,210 1993
Road
San Diego, CA
5350 Leavitt Road Kmart Corporation (L) (R) 613 547 193,193 1993
Lorain, OH
255 Northgate Drive Kmart Corporation (L) (R) 433 386 107,489 1993
Manteca, CA
21082 Pioneer Plaza Kmart Corporation (L) (R) 407 363 120,727 1993
Drive
Watertown, NY
US 219 Kmart Corporation (L) (R) 286 232 90,933 1993
Fairlea, WV
1150 West Carl Sandburg Kmart Corporation (L) (R) 243 217 94,970 1992
Drive
Galesburg, IL
----------------------------------------------------------------------------
Subtotal Retail $ 2,258 $ 2,480 714,522
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Grand Total $ 92,728 $ 95,604 13,916,184
----------------------------------------------------------------------------
(A) The Company has a 33 1/3% economic interest in this property through
Lexington Acquiport Company, LLC.
(B) The Company has a 40% economic interest in this property through Lexington
Columbia LLC.
(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 through
Lexington/Lion Venture LP.
(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 through Acquiport
Company II, LLC.
(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 with 12 months notice, on 5/1/13 and 3/1/15 for a
payment of $2,850 and $1,500, respectively.
(L) The Company has a 30% economic interest in this property through Triple Net
Investment Company LLC.
(M) The Company has a 33 1/3% economic interest in this property through
Lexington Durham Limited Partnership.
(N) The Company has a 40% economic interest in this property through Lexington
Oklahoma City, LP.
(O) Tenant can cancel lease on 11/30/10 with 12 months notice.
(P) Tenant can cancel lease on 9/30/08 with 120 days notice for a payment of
$40.
(Q) Tenant can terminate lease, for obsolescence by providing 120 days notice,
anytime between 11/1/08 and 10/31/18 and pay a predetermined price or fair
market value, whichever is greater.
(R) Tenant has the right to cancel the lease no earlier than 12/15/03 providing
12 months notice and a minimum payment stipulated in the lease.
21
The Lexington Corporate Properties Trust
Supplemental Reporting Package
Properties by Location
9/30/05
Historical 9-Months
Ended September 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 $ 27,937 16.72%
2 South Carolina 10 100 3,992,453 14,512 8.69
3 Ohio 12 93 4,272,331 11,953 7.16
4 California 14 99 2,738,540 11,910 7.13
5 Pennsylvania 12 100 2,472,403 10,625 6.36
6 Florida 11 100 2,288,148 10,374 6.21
7 Michigan 13 100 2,462,723 9,030 5.41
8 Virginia 10 100 1,399,643 8,083 4.84
9 Utah 1 100 295,000 6,580 3.94
10 Arizona 8 83 1,035,009 6,514 3.90
11 Massachusetts 4 100 574,301 5,426 3.24
12 New Jersey 4 100 792,145 4,935 2.95
13 Georgia 6 100 733,599 4,920 2.95
14 Tennessee 7 96 2,583,857 4,491 2.68
15 Illinois 6 100 1,454,680 4,378 2.62
16 Oregon 5 100 416,709 3,816 2.28
17 Indiana 3 100 424,003 2,680 1.60
18 Iowa 4 100 1,073,648 2,626 1.57
19 North Carolina 5 100 795,165 2,230 1.34
20 Kentucky 6 96 1,698,768 1,795 1.07
21 Washington 4 100 305,849 1,783 1.07
22 Connecticut 2 100 197,764 1,672 1.00
23 Colorado 3 100 363,240 1,379 0.83
24 Oklahoma 3 100 272,723 1,269 0.76
25 Kansas 2 100 397,682 996 0.60
26 Alabama 1 100 595,346 790 0.47
27 Hawaii 1 100 85,610 729 0.44
28 Louisiana 2 100 149,186 562 0.34
29 Maryland 3 100 159,019 550 0.33
30 Mississippi 1 100 168,104 472 0.28
31 New Hampshire 1 100 500,500 463 0.28
32 Minnesota 1 100 18,620 411 0.25
33 Missouri 1 100 166,641 351 0.21
34 Wisconsin 1 100 76,164 347 0.21
35 Idaho 1 100 77,483 248 0.15
36 New York 1 100 120,727 109 0.07
37 West Virginia 1 100 90,933 70 0.04
38 Maine 1 100 78,610 21 0.01
--------------------------------------------------------------------------------------
Total 192 97.7% 40,212,969 $ 167,037 100.00%
--------------------------------------------------------------------------------------
(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 September 30, 2005.
(3) Includes properties owned during the nine months ended September 30, 2005.
(4) As of September 30, 2005.
22
Lexington Corporate Properties Trust
Supplemental Reporting Package
Lease Rollover Schedule by Property Type - Cash Basis
9/30/05
Office Industrial Retail
- -------- ------------ --------------- -------------- ------------ -------------- ------------------------- ------------- -----------
Square Cash Rental Net Rent Square Cash Rental Net Rent Square Cash Rental Net Rent
Year Footage Revenue(1) PSF Footage Revenue(1) PSF Footage Revenue(1) PSF
- -------- ------------ --------------- -------------- ------------ -------------- ------------------------- ------------- -----------
2005 100,026 $ 2,895 $ 28.94 -- $ -- $ -- -- $ -- $ --
2006 276,456 2,461 8.90 1,190,237 6,199 5.21 -- -- --
2007 189,293 2,032 14.53 1,901,600 9,857 5.18 -- -- --
2008 573,959 7,628 13.64 -- -- -- 215,418 1,788 8.30
2009 1,837,317 17,924 16.21 831,966 2,015 3.40 205,436 1,943 9.46
2010 2,024,363 18,912 14.26 675,655 2,436 3.61 -- -- --
2011 981,385 11,604 20.79 1,046,519 536 4.67 247,249 1,659 6.71
2012 1,860,247 18,282 12.69 4,305,199 9,924 4.28 -- -- --
2013 1,826,048 21,640 15.25 79,086 483 6.11 -- -- --
2014 1,861,427 19,388 15.70 965,160 3,522 3.65 303,893 1,137 3.74
2015 2,129,494 20,118 13.52 463,870 4,232 9.12 76,164 469 6.15
2016 509,642 5,545 17.90 559,258 3,663 6.55 -- -- --
2017 128,500 694 17.99 806,439 2,754 4.32 108,682 1,126 10.36
2018 450,198 3,121 13.33 668,034 2,519 3.77 806,672 1,175 2.37
2019 502,931 3,971 19.67 2,183,152 5,519 3.50 -- -- --
2020 221,900 2,890 18.31 666,437 5,000 7.50 -- -- --
2021 269,991 6,798 25.18 1,839,204 6,128 4.36 -- -- --
2022 -- -- -- -- -- -- -- -- --
2023 -- -- -- -- -- -- -- -- --
2024 187,262 1,069 19.02 693,000 568 2.73 -- -- --
2025 -- -- -- 2,037,621 9,154 3.20 -- -- --
2026 -- -- -- 500,500 427 2.56 -- -- --
Weighted Average $ 15.71 $ 4.42 $ 5.11
====== ====== ======
(1) Includes proportionate share of joint venture investments.
23
Lexington Corporate Properties Trust
Supplemental Reporting Package
Lease Rollover Schedule - GAAP Basis
9/30/05
($000's)
Percentage of
Total Total
Number of Annualized Base Annualized
Year Leases Expiring Rent (1) Base Rent
- ------------------------------------------------------------------------------------------------------
2005 1 $ 2,488 1.0%
2006 9 10,240 4.2
2007 5 11,251 4.6
2008 8 8,902 3.6
2009 16 22,216 9.0
2010 17 20,363 8.3
2011 14 16,723 6.8
2012 23 26,257 10.7
2013 15 22,112 9.0
2014 20 23,887 9.7
2015 17 25,730 10.5
2016 8 7,008 2.8
2017 7 4,483 1.8
2018 11 6,868 2.8
2019 8 8,868 3.6
2020 5 7,586 3.1
2021 5 9,265 3.8
2022 0 0 --
2023 0 0 --
2024 2 1,637 0.7
2025 6 9,154 3.7
2026 1 617 0.3
-------------------------------------------------------------------------------------
Total 198 $ 245,655 100.0%
=====================================================================================
(1) Includes proportionate share of joint venture investments.
24
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages and Notes Payable
9/30/05
($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 9,542 7.400 Feb-08 831 9,262
Boca Raton, FL(e) 15,275 5.250 Mar-08 802 15,275
Decatur, GA 6,457 6.720 Jun-08 579 6,049
Phoenix, AZ 13,648 7.890 Jun-08 1,434 12,591
Palm Beach Gardens, FL 11,016 7.010 Jun-08 970 10,418
Dubuque, IA 7,081 4.890 Aug-08 513 6,588
Canton, OH 3,192 7.150 Aug-08 313 2,936
Spartanburg, SC 2,651 7.150 Aug-08 260 2,438
Florence, SC 9,110 7.500 Feb-09 869 8,443
Ocala, FL 12,306 7.250 Feb-09 1,332 10,700
Canton, OH 1,128 9.490 Feb-09 388 --
Baton Rouge, LA 1,771 7.375 Mar-09 208 1,478
Bristol, PA 5,807 7.250 Apr-09 571 5,228
Livonia, MI(i) 10,805 7.800 Apr-09 992 10,236
Henderson, NC 4,247 7.390 May-09 417 3,854
Westland, MI 2,222 10.500 Sep-09 683 --
Salt Lake City, UT 9,924 7.610 Oct-09 2,901 --
High Point, NC 8,636 5.750 Oct-09 695 7,741
Richmond, VA 16,176 8.100 Feb-10 1,511 15,257
Hampton, VA 4,394 8.260 Apr-10 415 4,144
Hampton, VA 7,165 8.270 Apr-10 677 6,758
Tampa, FL 8,182 6.930 Aug-10 674 7,603
Tampa, FL 5,917 6.880 Aug-10 485 5,495
Herndon, VA 18,506 8.180 Dec-10 1,723 17,301
San Diego, CA 4,080 7.500 Jan-11 411 3,420
Tucson, AZ 2,366 7.500 Jan-11 226 2,076
Columbia, SC 3,310 7.540 Jan-11 317 2,905
Valley Forge, PA 12,644 7.120 Feb-11 1,166 10,927
Glendale, AZ 14,499 7.400 Apr-11 1,258 13,365
Wallingford, CT 3,453 4.926 May-11 188 3,187
Farmington Hills, MI 20,550 5.126 May-11 1,156 19,020
Dallas, TX 30,582 5.126 May-11 1,589 30,582
Auburn Hills, MI 6,953 7.010 Jun-11 637 5,918
Plymouth, MI 4,626 7.960 Jul-11 463 3,949
Newport, OR 6,803 5.030 Aug-11 470 5,980
Greenville, SC 13,487 4.415 Jan-12 841 11,806
New Kingston, PA 7,073 7.790 Jan-12 678 6,101
Mechanicsburg, PA 5,221 7.780 Jan-12 500 4,503
New Kingston, PA 3,370 7.780 Jan-12 323 2,906
Lake Forest, CA 10,639 7.260 Feb-12 901 9,708
Memphis, TN 17,827 5.247 May-12 1,022 16,222
Lakewood, CO 8,694 5.097 May-12 487 7,890
Groveport, OH 7,674 6.030 Oct-12 563 6,860
San Antonio, TX 29,700 6.080 Oct-12 2,260 26,025
Fort Mill, SC 11,270 6.000 Jan-13 839 9,904
Foxboro, MA(c) 17,764 6.000 Jan-13 2,817 --
Waterloo, IA 6,303 5.610 Feb-13 672 3,505
Indianapolis, IN 9,638 5.168 May-13 546 8,580
Tempe, AZ 13,648 5.148 May-13 770 12,144
Chelmsford, MA 7,008 5.118 May-13 394 6,231
Southington, CT 13,780 5.018 May-13 761 12,228
Houston, TX 17,660 5.218 May-13 1,008 15,737
Scottsdale, AZ (i) 14,170 5.268 May-13 757 13,594
Atlanta, GA 45,238 5.268 May-13 2,603 40,356
25
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages and Notes Payable
9/30/05
($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) 10,343 7.020 Sep-13 900 8,637
Lancaster, CA (second) 8,706 5.920 Sep-13 642 7,518
Knoxville, TN 5,182 5.950 Sep-13 381 4,496
Foxboro, MA(c) 22,385 6.000 Jan-14 3,271 --
Moody, AL 7,512 4.978 Jan-14 493 6,350
Mechanicsburg, PA 13,479 5.730 Mar-14 1,045 10,538
Redmond, OR 9,922 5.616 Apr-14 697 8,484
Clive, IA 5,920 5.139 May-14 334 5,151
Fort Mill, SC(f) 20,300 5.373 May-14 1,106 18,311
Eau Claire, WI 1,966 8.000 Jul-14 313 --
Philadelphia, PA(h) 49,000 5.060 Jul-14 2,514 43,547
Jackson, TN 10,249 5.930 Jul-14 743 8,820
Carrollton, TX 14,392 5.530 Jan-15 993 12,022
Southfield, MI 10,905 4.550 Feb-15 1,058 4,454
Franklin, NC 1,759 8.500 Mar-15 271 --
Kalamazoo, MI 17,625 5.411 May-15 1,037 15,087
Atlanta, GA 11,325 5.260 May-15 604 10,502
Richmond, VA 10,608 5.310 May-15 615 9,055
Knoxville, TN 7,800 5.310 May-15 452 6,658
Jacksonville, FL 5,804 5.110 May-15 326 4,919
Harrisburg, PA 9,180 5.110 May-15 515 7,780
Houston, TX 16,977 5.160 May-15 960 14,408
Houston, TX 13,254 5.210 May-15 756 11,265
Tulsa, OK 7,688 5.060 May-15 428 6,517
San Antonio, TX 13,071 5.340 May-15 761 11,149
Los Angeles, CA 11,500 5.110 May-15 645 9,760
Fishers, IN 13,182 5.160 May-15 746 11,188
Elizabethtown, KY 25,603 4.990 Jul-15 1,647 21,182
Elizabethtown, KY 4,822 4.990 Jul-15 310 3,990
Hopkinsville, KY 15,001 4.990 Jul-15 965 12,411
Owensboro, KY 10,846 4.990 Jul-15 698 8,974
Dry Ridge, KY 12,128 4.990 Jul-15 780 10,034
Houston, TX(c) 27,150 6.250 Sep-15 2,828 6,985
Houston, TX(c) 7,612 6.250 Sep-15 700 2,222
Sugar Land, TX(c) 17,560 6.250 Sep-15 1,770 6,286
Houston, TX(c) 65,893 6.250 Sep-15 5,595 18,318
Southborough, MA 1,918 7.500 Sep-15 275 --
Danville, IL 6,441 9.000 Jan-16 692 4,578
Temple, TX 9,026 6.090 Jan-16 668 7,446
Bremerton, WA 6,671 6.090 Apr-16 494 5,465
Dillon, SC 11,538 7.900 Dec-16 1,263 5,273
Westmont, IL 15,639 6.210 Mar-18 1,292 9,662
Wall Township, NJ(c) 29,752 6.250 Jan-21 2,013 --
Chester, SC 13,937 5.380 Aug-25 1,144 362
---------- ----- -------- --------
$ 1,199,577 5.227% $ 99,242 $ 873,778
---------- ------ -------- --------
Property-Variable Rate
Milpitas, CA (a) (b) $ 12,305 7.700% July-06 $ 1,216 $ 11,867
---------- ------ -------- --------
Corporate
Credit Facility (d) $ -- -- June-08 $ -- $ --
----------- ------- ---------- ---------
Total $ 1,211,882 5.252% $ 100,458 $ 885,645
========== ====== ========= ========
26
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
9/30/05
(000's)
(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.
27
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
9/30/05
(000's)
- -----------------------------------------------------------------------------------------------------------------------
Current
LXP Estimated
Debt Proportionate Interest Annual Balloon
Joint Venture Property Balance Share Rate Maturity Debt Service Payment
- -----------------------------------------------------------------------------------------------------------------------
Santa Clarita, CA(3) $ 28,200 $ 8,460 4.750 Oct-09 $ 1,340 $ 28,200
Columbia, SC(1) 23,917 9,567 7.850 Oct-09 2,196 22,586
Houston, TX(2) 20,465 6,822 7.580 Oct-09 2,032 18,229
Fishers, IN(2) 14,577 4,859 8.190 Apr-10 1,499 12,960
Lorain, OH(5,8) 3,435 1,031 6.000 Jul-10 873 --
Manteca, CA(5,8) 2,427 728 6.000 Jul-10 616 --
Watertown, NY(5,8) 2,282 685 6.000 Jul-10 580 --
Fairlea, WV(5,8) 1,603 481 6.000 Jul-10 407 --
San Diego, CA(5,8) 1,547 464 6.000 Jul-10 393 --
Galesburg, IL(5,8) 1,362 409 6.000 Jul-10 346 --
Irving, TX(2) 26,094 8,698 8.160 Oct-10 2,432 24,454
Lake Mary, FL(2) 12,992 4,331 7.880 Oct-10 1,181 12,118
Lake Mary, FL(2) 12,954 4,318 7.880 Oct-10 1,178 12,082
Parsippany, NJ(2) 40,201 13,400 7.350 Mar-11 3,472 37,047
Novato, CA(3) 22,309 6,693 5.750 Jul-11 1,600 20,307
Winchester, VA(2) 10,564 3,521 7.330 Aug-11 908 9,675
Antioch, TN(8) 14,404 4,321 7.940 Oct-11 1,580 11,177
Milford, OH(2) 16,435 5,478 8.170 Feb-12 1,764 12,686
Des Moines, IA(8) 22,761 6,828 5.147 May-12 1,188 22,153
Fort Worth, TX(8) 19,645 5,894 5.097 May-12 1,036 17,823
Raleigh, NC(3) 12,900 3,870 4.947 May-12 647 12,543
Farmington Hills, MI(2) 20,711 6,904 5.420 Sep-12 1,500 17,724
Laurens, SC(2) 17,045 5,682 6.000 Sep-12 1,396 14,022
Temperance, MI(2) 11,427 3,809 6.000 Sep-12 936 9,400
Baton Rouge, LA(8) 6,822 2,047 4.900 Oct-12 443 5,943
Plymouth, MI(3) 12,349 3,705 6.220 Dec-12 1,026 10,026
Colorado Springs, CO(2) 11,625 3,875 6.250 Dec-12 887 10,272
Centennial, CO(8) 15,578 4,673 6.150 Feb-13 1,177 13,555
Los Angeles, CA(4) 80,182 20,046 5.330 May-13 4,333 73,071
Dallas, TX(8) 40,921 12,276 5.218 May-13 2,206 36,453
Malvern, PA(3) 13,098 3,929 5.530 Jan-14 916 11,236
Arlington, TX(4) 21,578 5,395 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) 18,634 5,590 6.000 Sept-14 1,457 14,646
Weston, FL(3) 10,743 3,223 5.420 Nov-14 733 9,066
Issaquah, WA(4) 32,800 8,200 5.001 Dec-14 1,663 30,388
Canonsburg, PA(8) 9,095 2,729 5.377 Dec-14 489 9,095
Chicago, IL(3) 29,900 8,970 5.105 Jan-15 1,548 29,900
Herndon, VA(3) 12,269 3,681 5.920 Apr-15 888 10,359
Richmond, VA(3) 19,800 5,940 5.110 May-15 1,026 18,321
Oklahoma City, OK(7) 14,749 5,900 5.240 May-15 784 13,673
McDonough, GA(4) 12,675 3,169 5.212 Jun-15 670 11,349
Mission, TX(8) 6,452 1,936 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) 7,421 2,226 5.520 Nov-17 512 5,758
Lorain, OH(5,8) 1,480 444 6.000 Jul-18 108 --
Manteca, CA(5,8) 1,045 314 6.000 Jul-18 77 --
Watertown, NY(5,8) 983 295 6.000 Jul-18 72 --
Fairlea, WV(5,8) 691 207 6.000 Jul-18 51 --
San Diego, CA(5,8) 666 200 6.000 Jul-18 49 --
Galesburg, IL(5,8) 587 176 6.000 Jul-18 43 --
Overland Park, KS(4) 37,620 9,405 5.830 May-19 2,224 31,819
28
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
9/30/05
(000's)
- -----------------------------------------------------------------------------------------------------------------------
Current
LXP Estimated
Debt Proportionate Interest Annual Balloon
Joint Venture Property Balance Share Rate Maturity Debt Service Payment
- -----------------------------------------------------------------------------------------------------------------------
Kansas City, MO(4) 17,950 4,488 5.830 May-19 1,061 15,182
West Chester, PA(3) 10,772 3,232 6.750 Jul-19 1,204 --
Meridian, ID(4) 10,320 2,580 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) 10,366 2,592 6.270 Dec-19 774 7,755
Oakland, ME(4) 10,500 2,625 5.930 Oct-20 750 7,660
Durham, NH(6) 19,182 6,394 6.730 Mar-21 1,309 --
------- -------- ---------- --------- --------
$ 941,310 $ 280,715 5.987% $ 66,766 $ 796,278
======= ======== ========== ========= =========
1. The Company has a 40% economic interest in this property through Lexington
Columbia LLC.
2 The Company has a (33) 1/3% economic interest in this property thorough
Lexington Acquiport Company LLC.
3 The Company has a 30% economic interest in this property through
Lexington/Lion Venture LP.
4 The Company has a 25% economic interest in this property through Lexington
Acquiport Company II, LLC.
5. Debt balances based upon imputed rates.
6. The Company has a (33) 1/3% economic interest in this property through
Lexington Durham LP.
7. The Company has a 40% economic interest in this property through Lexington
Oklahoma City, LP. 8. The Company has a 30% economic interest in this
property through Triple Net Investment Company LLC.
29
Lexington Corporate Properties Trust
Supplemental Reporting Package
Debt Maturity Schedule
9/30/05
($000's)
Consolidated properties
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments(1) Average Interest Rate
------------ -------- ---------------------
2005 - remaining $ 5,802 $ 0 --
2006 28,776 11,867 7.70%
2007 36,316 0 --
2008 31,106 65,557 6.60
2009 32,174 47,680 7.18
--------- --------- -----------
$ 134,174 $ 125,104 6.92%
========= ========= ===========
Joint venture properties - LXP proportionate share
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments(2) Average Interest Rate
------------ -------- ---------------------
2005 - remaining $ 564 $ 0 --
2006 3,311 0 --
2007 3,828 0 --
2008 4,229 0 --
2009 4,755 23,570 6.67%
--------- --------- -----------
$ 16,687 $ 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.
30
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue By Tenant Industry
9/30/05
- --------------------------------------------------------------------------------
Percentage of Historical
Tenant Industry 9 Month Base Rent (1)
- --------------------------------------------------------------------------------
Energy 14.5%
Finance/Insurance/Professional Services 13.4
Technology 11.2
Automotive 7.2
Telecommunications 6.2
Transportation/Logistics 5.7
Retail-Department/ Discount Store 5.6
Healthcare 4.6
Media/Advertising 4.5
Food 4.3
Construction Materials 4.0
Retail-Specialty 4.0
Consumer Products/Other 3.9
Printing/Production 3.1
Aerospace/Defense 2.4
Retail-Electronics 1.6
Health/Fitness 1.2
Apparel 1.1
Security 1.0
Paper/Containers & Packaging 0.5
-------
100.0%
(1) Includes proportionate share of joint venture investments and rental
revenue recognized from properties sold through date of sale.
31
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue by MSA
9/30/05
Percent of
Base Rent for 9
Months Ended
9/30/05
- --------------------------------------------------------------------------------
1 Houston-Galveston-Brazoria-TX 7.85%
2 Dallas-Fort Worth-TX 6.25%
3 Los Angeles-Riverside-Orange County-CA 5.20%
4 Detroit-Ann Arbor-Flint-MI 4.70%
5 Philadelphia-Wilmington-Atlantic City- PA-NJ-DE-MD 4.24%
6 New York-Northern New Jersey-Long Island-NY-NJ-CT-PA 3.62%
7 Boston-Worcester-Lawrence-MA-NH-ME-CT 2.92%
8 Chicago-Gary-Kenosha-IL-IN-WI 2.89%
9 Youngstown-Warren-OH 2.87%
10 Salt Lake City-Ogden-UT 2.82%
11 Phoenix-Mesa-AZ 2.64%
12 San Francisco-Oakland-San Jose-CA 2.41%
13 Columbia-SC 2.41%
14 Kansas City-MO-KS 2.31%
15 Charlotte-Gastonia-Rock Hill-NC-SC 2.08%
16 Atlanta-GA 2.05%
17 Richmond-Petersburg-VA 1.88%
18 Washington-Baltimore-DC-MD-VA-WV 1.86%
19 Indianapolis-IN 1.85%
20 Harrisburg-Lebanon-Carlisle-PA 1.85%
21 Orlando-FL 1.84%
22 Seattle-Tacoma-Bremerton-WA 1.64%
23 San Antonio-TX 1.43%
24 West Palm Beach-Boca Raton-FL 1.42%
25 Cleveland-Akron-OH 1.27%
26 Cincinnati-Hamilton-OH-KY-IN 1.06%
27 Laurens-SC 1.04%
28 Denver-Boulder-Greeley-CO 0.98%
29 Columbus-OH 0.97%
30 Sacramento-Yolo-CA 0.90%
31 Miami-Fort Lauderdale-FL 0.89%
32 Des Moines-IA 0.82%
33 Dillon-SC 0.81%
34 Greenville-Spartanburg-Anderson-SC 0.79%
35 Tampa-St. Petersburg-Clearwater-FL 0.78%
36 Ocala-FL 0.72%
37 Memphis-TN-AR-MS 0.71%
38 Nashville-TN 0.67%
39 Norfolk-Virginia Beach-Newport News-VA-NC 0.65%
40 Knoxville-TN 0.64%
41 Kalamazoo-Battle Creek-MI 0.63%
42 San Diego-CA 0.60%
43 Chester-SC 0.57%
44 Florence-SC 0.55%
45 Colorado Springs-CO 0.53%
46 Wilmington-NC 0.52%
47 Hartford-CT 0.51%
48 Killeen-Temple-TX 0.50%
32
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue by MSA
9/30/05
Percent of
Base Rent for 9
Months Ended
9/30/05
- --------------------------------------------------------------------------------
49 Redmond-OR 0.50%
50 Baton Rouge-LA 0.49%
51 Winchester-VA 0.48%
52 Jackson-TN 0.46%
53 Jacksonville-FL 0.44%
54 Pittsburgh-PA 0.43%
55 Boise City, ID 0.41%
56 Portland-Salem-OR-WA 0.38%
57 Dubuque-IA 0.37%
58 Canton-Massillon-OH 0.37%
59 Tulsa-OK 0.37%
60 Elizabethtown, KY 0.36%
61 Greensboro-Winston-Salem-High Point-NC 0.35%
62 Birmingham-AL 0.34%
63 Oklahoma, OK 0.34%
64 Raleigh-Durham-Chapel Hill-NC 0.33%
65 Klamath Falls-OR 0.32%
66 Waterloo-Cedar Falls-IA 0.32%
67 McAllen-Edinburg-Mission-TX 0.32%
68 Honolulu-HI 0.31%
69 Newport-OR 0.31%
70 Danville-IL 0.30%
71 Henderson-NC 0.26%
72 Stockton-Lodi-CA 0.23%
73 Fort Meyers-FL 0.21%
74 New Haven-West Haven-Bridgeport-CT 0.19%
75 Minneapolis-St. Paul-MN-WI 0.18%
76 Clarksville-Hopkinsville-TN-KY 0.17%
77 Watertown-NY 0.16%
78 Eau Claire-WI 0.15%
79 Tucson-AZ 0.14%
80 Clackamas-OR 0.12%
81 Mansfield-OH 0.12%
82 Franklin-NC 0.12%
83 Gordonsville, TN 0.11%
84 Lewisburg-WV 0.10%
85 Galesburg-IL 0.09%
86 Owensboro-KY 0.09%
87 Lavonia-GA 0.08%
88 Oakland-ME 0.04%
89 Lynchburg-VA 0.00%
- --------------------------------------------------------------------------------
Totals 100.00%
33
Lexington Corporate Properties Trust
Supplemental Reporting Package
Other Revenue Data
9/30/05
Historical 9-Month Base Rent
Revenue by Property Type ($000's)(A) Percentage
- --------------------------------------------------------------------------------
Office $ 109,166 65.4%
Industrial 49,621 29.7
Retail 8,250 4.9
---------- -------
$ 167,037 100.0%
========== =======
Revenue by Credit Rating(C)
- ---------------------------
Investment Grade $ 69,432 41.6%
Non-Investment Grade 32,739 19.6
Unrated 64,866 38.8
------------ -------
$ 167,037 100.0%
============ =======
Percentage of
Base Rent for 9
Number of Months
Top 15 Tenants/Guarantors Properties(B) Property Type Ended 9/30/05(A)
- -----------------------------------------------------------------------------------------------------
Baker Hughes, Inc. 4 Office (3)/Industrial (1) 5.9%
Kmart Corporation 7 Industrial(1)/Retail (6) 4.0
Northwest Pipeline Corp. 1 Office 3.9
Dana Corporation 10 Office (1)/Industrial (9) 3.0
Wells Fargo Home Mortgage, Inc. 2 Office 2.9
Invensys Systems, Inc. (Siebe, Inc.) 2 Office 2.6
Exel Logistics, Inc.(NFC plc) 4 Industrial 2.2
Nextel Finance Company 4 Office 2.1
Owens Corning 4 Industrial 1.8
Internet Security Systems, Inc. 2 Office 1.7
Harcourt Brace 1 Industrial 1.5
James Hardie Building Products, Inc. 1 Industrial 1.5
(James Hardie Industries N.V.)
Michaels Stores, Inc. 2 Industrial 1.5
Circuit City Stores, Inc. 2 Office(1)/Industrial (1) 1.4
Aventis Pharmaceuticals 1 Office 1.3
- ---
47 37.3%
== =====
(A) Includes proportionate share of joint venture investments and rental
revenue recognized from properties sold through the date of sale.
(B) As of September 30, 2005.
(C) As of September 30, 2005.
34