Exhibit 99.2
LEXINGTON CORPORATE PROPERTIES TRUST
SUPPLEMENTAL REPORTING PACKAGE
For the six months ended June 30, 2006
Table of Contents
Income Statements.............................................. 1
Balance Sheets................................................. 2
Combined Joint Venture Income Statement........................ 3
Second Quarter Transaction Summary............................. 4
First Quarter Transaction Summary ............................. 5
Property Holdings.............................................. 6
Properties by Location......................................... 17
Lease Rollover Schedules....................................... 18
Mortgages and Notes Payable.................................... 20
Revenue by Tenant Industry..................................... 26
Revenue by MSA................................................. 27
Other Revenue Data............................................. 29
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,
2006 2005 2006 2005
---- ---- ---- ----
Gross revenues:
Rental $ 46,423 $ 44,297 $ 94,936 $ 79,145
Advisory fees 1,338 2,556 2,401 3,191
Tenant reimbursements 3,887 2,106 8,320 2,989
----- ----- ----- -----
Total gross revenues 51,648 48,959 105,657 85,325
Expense applicable to revenues:
Depreciation and amortization (20,351) (17,534) (40,592) (28,745)
Property operating (7,445) (4,916) (15,271) (7,550)
General and administrative (4,865) (4,661) (10,479) (9,006)
Non-operating income 5,911 207 6,706 890
Interest and amortization expense (17,801) (15,764) (35,446) (27,782)
Debt satisfaction gains, net 1,241 4,632 294 4,632
Impairment charges, net (1,121) - (1,121) -
------- -------- --------- --------
Income before benefit (provision) for income taxes,
minority interests, equity in earnings of
non-consolidated entities and discontinued
operations 7,217 10,923 9,748 17,764
Benefit (provision) for income taxes 82 29 155 (67)
Minority interests (1,173) (1,468) (1,710) (2,284)
Equity in earnings of non-consolidated entities 825 1,334 2,070 2,759
--- ----- ----- -----
Income from continuing operations 6,951 10,818 10,263 18,172
----- ------ ------ ------
Discontinued operations, net of minority interest and
taxes:
Income (loss) from discontinued operations (137) 1,406 387 2,919
Debt satisfaction (charge) gain, net 4,976 - 4,898 (54)
Impairment charge - (592) - (623)
Gains on sales of properties 13,730 4,317 16,050 5,061
------ ----- ------ -----
Total discontinued operations 18,569 5,131 21,335 7,303
------ ----- ------ -----
Net income 25,520 15,949 31,598 25,475
Dividends attributable to preferred shares - Series B (1,590) (1,590) (3,180) (3,180)
Dividends attributable to preferred shares - Series C (2,519) (2,519) (5,038) (5,038)
------- ------- ------- -------
Net income allocable to common shareholders $ 21,411 $ 11,840 $ 23,380 $ 17,257
======== ========= ======== =========
Company's funds from operations(1) $ 38,157 $ 34,031 $ 66,810 $ 57,141
======== ========= ======== =========
Per share/unit:
Basic net income $0.41 $0.24 $0.45 $0.35
Diluted net income $0.41 $0.22 $0.45 $0.33
Company's funds from operations(1)-basic $0.60 $0.57 $1.05 $0.96
Company's funds from operations(1)-diluted $0.60 $0.57 $1.05 $0.96
LEXINGTON CORPORATE PROPERTIES TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
6/30/06 12/31/05
------- --------
Real estate, at cost $ 1,874,730 $ 1,883,115
Accumulated depreciation (255,332) (241,188)
Investment in joint ventures 186,391 191,146
Properties held for sale - discontinued operations 7,956 49,397
Intangible assets, net 133,046 128,775
Cash and cash equivalents 54,318 53,515
Deferred expenses, net 14,440 13,582
Rent receivable 6,052 7,673
Rent receivable - deferred 26,551 24,778
Other assets 92,845 49,439
--------- ---------
$ 2,140,997 $ 2,160,232
========= =========
Mortgages and notes payable $ 1,152,805 $ 1,139,971
Liabilities - discontinued operations 4,180 32,145
Other liabilities 36,331 35,434
Minority interests 60,347 61,372
Shareholders' equity 887,334 891,310
--------- ---------
$ 2,140,997 $ 2,160,232
========= =========
Common shares 53,015,485 52,155,855
Preferred shares - Series B 3,160,000 3,160,000
Preferred shares - Series C 3,100,000 3,100,000
Operating partnership units 5,622,694 5,720,071
(1) The Company believes that funds from operations ("FFO") enhances an
investor's understanding of Lexington's financial condition, results of
operations and cash flows. The Company considers FFO a useful additional measure
of performance for an equity REIT because it facilitates an understanding of the
operating performance of its properties without giving effect to real estate
depreciation and amortization, which assumes that the value of real estate
assets diminishes predictably over time. Since real estate values have
historically risen and fallen with market conditions, Lexington believes that
funds from operations provides a more meaningful and accurate indication of its
performance. FFO can also facilitate a comparison of current operating
performance among REITs. 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." The Company includes in its
calculation of FFO, which as included it refers to as the "Company's funds from
operations" or "Company FFO," the dilutive effect of the deemed conversion of
(1) its convertible operating partnership units and (2) its Series C Cumulative
Convertible Preferred Shares issued in 2005 and 2004. Neither FFO nor Company
FFO should 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 PROPORTIONATE SHARE
COMBINED CONDENSED STATEMENT OF INCOME
(dollars in thousands)
Three Months Ended Six Months Ended
June 30, 2006 June 30, 2006
------------- -------------
Gross revenues $ 11,622 $ 24,417
------ ------
Depreciation and amortization (5,397) (10,695)
Interest and amortization (4,617) (9,109)
Other income and expenses, net (1,058) (3,085)
Expenses (11,072) (22,889)
Net income $ 550 $ 1,528
=== =====
3
LEXINGTON CORPORATE PROPERTIES TRUST
2006 Second Quarter Transaction Summary
($000's)
Acquisitions
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
- ------------------ -------- ---- ----- --------- ----- --------- ----- ----
Haggar Clothing Corporation (1) Dallas, TX Office $28,340 $2,272 8.0% $2,083 7.4% 04-16
American Golf Corporation (2) Oklahoma Specialty 5,294 475 9.0 475 9.0 12-17
City, OK
Montgomery County Management LLC (2) Houston , TX Office 10,010 807 8.1 718 7.2 10-19
Corning, Inc. (1) Erwin, NY Industrial 13,399 1,084 8.1 1,084 8.1 07-16
Bay Valley Foods, LLC (2) Plymouth, IN Industrial 8,984 802 8.9 763 8.5 06-15
----- ------ --- ----- ---
$66,027 $5,440 8.2% $5,123 7.8%
====== ===== ==== ===== ====
Dispositions
Property
Tenants/Guarantors Location Type Net Sale Price Net Book Value
- ------------------ -------- ---- -------------- --------------
Associated Grocers of Florida, Inc. Ocala, FL Industrial $28,972 $18,694
Physical Fitness Center of Philadelphia, Voorhees, NJ Retail 5,950 3,238
Inc. (Bally Total Fitness Corp.)
Stone Container Corporation Columbia, SC Industrial 5,628 4,607
Vacant(4) Phoenix, AZ Office 4,284 4,011
Vacant(3) Milpitas, CA Office -- --
-------- --------
$44,834 $ 30,550
====== ======
New Leases
Property Previous Extended Rent Per
Tenants/Guarantors Location Type Term Term Annum Square Feet
- ------------------ -------- ---- ---- ---- ----- -----------
FTJ FundChoice, LLC Hebron, KY Office -- 09-12 $ 52 9,164
WM Wright Co. (1) Antioch, TN Industrial -- 03-21 1,016 338,700
New Financings
Tenants/Guarantors Location Amount Rate Maturity Date
- ------------------ -------- ------ ---- -------------
Montgomery County Management LLC (2) Houston, TX $7,500 6.51% 11/19
Haggar Clothing Corporation (1) Dallas, TX 18,363 6.10% 07/16
Oce Printing Systems USA, Inc. Boca Raton, FL 20,400 6.47% 02/20
------ -----
$46,263 6.33%
Mortgage Investment
Borrower Location Face Rate Effective Rate Invested Amount Face Amount
- -------- -------- --------- -------------- --------------- -----------
Northwestern Holding Corp. Southfield, MI 4.55% 7.50% $11,151 $13,027
Bankruptcy Claim Receipts
Tenants Location Claim Proceeds
- ------- -------- --------------
Dana Corporation (1) Antioch, TN $ 5,680
Dana Corporation Farmington Hills, MI 5,376
-----
$11,056
(1) The Company has a 30% interest in this property.
(2) The Company has a 32.3% interest in this property.
(3) The Company completed a foreclosure with lender resulting in a $6,289 gain.
(4) The Company sold a sub-divided portion of the property, remaining parcel
under contract for sale.
4
LEXINGTON CORPORATE PROPERTIES TRUST
2006 First Quarter Transaction Summary
($000's)
Acquisitions
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
- ------------------ -------- ---- ----- --------- ----- --------- ----- ----
AS Watson(1) Renswoude, The Netherlands Office $ 39,291 $ 2,294 5.8% $ 2,851 7.3% 12-11
& 06-18
Dana Corporation(2) Crossville, TN Industrial 4,776 460 9.6 460 9.6 08-16
--------- -------- --- ------- ---
$ 44,067 $ 2,754 6.2% $ 3,311 7.5%
========= ======== ===== ======= =====
Dispositions
Property
Tenants/Guarantors Location Type Net Sale Price Net Book Value
- ------------------ -------- ---- -------------- --------------
The Dial Corporation Scottsdale, AZ Office $ 22,563 $ 22,314
Bally Total Fitness Corp. Countryside, IL Retail 5,698 3,293
--------- ---------
$ 28,261 $ 25,607
========= =========
New Leases
Property Previous Extended Rent Per
Tenants/Guarantors Location Type Term Term Annum Square Feet
- ------------------ -------- ---- ---- ---- ----- -----------
The Visiting Nurse Association of
Texas Dallas, TX Office -- Jun-16 $ 615 48,027
New Financings
Tenants/Guarantors Location Amount Rate Maturity Date
- ------------------ -------- ------ ---- -------------
Harbor Freight Tools USA, Inc. Dillon, SC $ 23,750 5.97% Feb-22
(i) Structure, LLC (Infocrossing,
Inc.)(2) Omaha, NE 9,000 5.61 Apr-16
(i) Structure, LLC (Infocrossing,
Inc.)(2) Tempe, AZ 8,500 5.61 Apr-16
AS Watson(1) Renswoude, The 33,136 5.31 Apr-11
Netherlands -------- ----
$ 74,386 5.59%
======== =====
(1) Lexington has a 90% interest in this property.
(2) Lexington has a 32.3% interest in this property.
5
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/06
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ ---------------------------- ------------- -------------- --------------
Office
------
295 Chipeta Way Northwest Pipeline Corp. $ 3,161 $ 3,161 295,000
Salt Lake City, UT
10001 Richmond Avenue Baker Hughes, Inc. 2,781 3,688 554,385
Houston, TX
6303 Barfield Road & 859 Internet Security Systems, 3,141 3,028 289,000
Mount Vernon Hwy. Inc.
Atlanta, GA
1701 Market Street Morgan Lewis & Bockius 2,423 2,428 322,317
Philadelphia, PA LLP(1)(3)
3480 Stateview Blvd. Wells Fargo Bank N.A. 1,602 1,725 169,218
Fort Mill, SC
33 Commercial Street Invensys Systems, Inc. 1,653 1,653 164,689
Foxboro, MA (Siebe, Inc.)
3476 Stateview Boulevard Wells Fargo Home 1,440 1,511 169,083
Fort Mill, SC Mortgage, Inc.
9950 Mayland Drive Circuit City Stores, Inc. 1,430 1,396 288,562
Richmond, VA
1415 Wyckoff Road New Jersey Natural Gas Co. 1,462 1,462 157,511
Wall Township, NJ
2750 Monroe Boulevard Quest Diagnostics, Inc. 1,248 1,277 109,281
Valley Forge, PA
700 Oakmont Lane North American Van Lines, Inc. 1,216 1,285 269,715
Westmont, IL (SIRVA, Inc.)
70 Mechanic Street Invensys Systems, Inc. 1,465 1,281 251,914
Foxboro, MA (Siebe, Inc.)
13651 McLearen Road Boeing North American 1,366 1,233 159,664
Herndon, VA Services, Inc.
(The Boeing Company)
1311 Broadfield Blvd. Transocean, Inc. 1,142 1,138 103,260
Houston, TX Newpark Resources, Inc. 565 568 52,731
601 & 701 Experian Pkwy. TRW Inc. (Experian 1,861 1,687 292,700
Dallas, TX Information Solutions,
Inc.)
2211 South 47th Street Avnet, Inc. 1,103 1,130 176,402
Phoenix, AZ
5600 Broken Sound Blvd Oce Printing Systems USA, 1,006 1,123 143,290
Boca Raton, FL Inc.
4200 RCA Boulevard The Wackenhut Corp. 1,090 1,084 114,518
Palm Beach Gardens, FL
701 Brookfield Parkway Verizon Wireless 1,004 1,033 192,884
Greenville, SC
19019 No. 59th Avenue Honeywell, Inc. 1,001 990 252,300
Glendale, AZ
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Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/06
-------------------------------- ---------------------------- -------------- ------------- ---------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
-------------------------------- ---------------------------- -------------- ------------- ---------------
4201 Marsh Lane Carlson Restaurants 934 988 130,000
Carrollton, TX Worldwide,
Inc.
12645 W. Airport Road Baker Hughes, Inc. 878 971 165,836
Sugar Land, TX
26210 and 26220 Enterprise Apria Healthcare Group, 874 896 100,012
Court Inc.
Lake Forest, CA
10475 Crosspoint Blvd. John Wiley & Sons, Inc. 1,198 1,198 141,047
Fishers, IN
2210 Enterprise Drive Washington Mutual Home 875 849 177,747
Florence, SC Loan, Inc.
27404 Drake Road Vacant (4) 971 908 111,454
Farmington Hills, MI
200 Executive Blvd. S Hartford Fire Insurance 840 812 153,364
Southington, CT Co.
810-820 Gears Road IKON Office Solutions, 1,114 1,126 157,790
Houston, TX Inc.
1600 Eberhardt Road Nextel of Texas 750 779 108,800
Temple, TX
2999 SW 6th St. Voice Stream PCS I LLC 668 776 77,484
Redmond, OR (T-Mobile USA, Inc.)
160 Clairemont Avenue Allied Holdings, Inc. 839 765 112,248
Decatur, GA
27016 Media Center Drive Playboy Enterprises, Inc. 670 629 63,049
Los Angeles, CA Sony Electronics, Inc. 131 136 20,203
2800 Waterford Lake Dr. Alstom Power, Inc. 893 1,007 99,057
Richmond, VA
26555 Northwestern Highway Federal-Mogul Corporation 579 709 187,163
Southfield, MI
10419 North 30th Street Time Customer Service, Inc. 736 705 132,981
Tampa, FL (Time, Inc.)
250 Rittenhouse Circle Jones Apparel Group 633 693 255,019
Bristol, PA USA, Inc.
(Jones Apparel Group, Inc.)
8555 South River Pkwy. ASM Lithography Holding 1,065 921 95,133
Tempe, AZ NV
400 Butler Farm Road Nextel Communications of 658 651 100,632
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
16676 Northchase Dr. Kerr-McGee Corporation 775 813 101,111
Houston, TX
6200 Northwest Pkwy. PacifiCare Health Systems, 820 810 142,500
San Antonio, TX Inc.
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Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/06
------------------------------ ----------------------------- ---------------- ------------- ----------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ ----------------------------- ---------------- ------------- ----------------
5757 Decatur Blvd. Allstate Insurance Co. 623 774 84,200
Indianapolis, IN Holladay Property Services 37 37 5,756
4000 Johns Creek Pkwy. Kraft Foods N.A., Inc. 669 693 73,264
Atlanta, GA PerkinElmer Instruments 105 116 13,955
LLC
6455 State Hwy 303 NE Nextel West Corporation 499 556 60,200
Bremerton, WA
270 Billerica Road Cadence Design Systems 507 533 100,000
Chelmsford, MA
2550 Interstate Dr. AT&T Wireless Services, 715 724 81,859
Harrisburg, PA Inc.
180 Rittenhouse Circle Jones Apparel Group 472 485 96,000
Bristol, PA USA, Inc. (Jones Apparel
Group, Inc.)
2529 West Thorns Drive Baker Hughes, Inc. 348 423 65,500
Houston, TX
12000 Tech Center Drive Kelsey-Hayes Company 387 412 80,230
Livonia, MI
2401 Cherahala Boulevard Advance PCS, Inc. 393 411 59,748
Knoxville, TN
1275 NW 128th Street Principal Life Insurance 400 387 61,180
Clive, IA Company
13430 N. Black Canyon Freeway Bull HN Information 392 418 69,492
Phoenix, AZ Systems, Inc.
Associated Billing - 128 17,767
Services, LLC
VACANT - - 49,799
12600 Gateway Blvd. Gartner, Inc. 498 526 62,400
Fort Meyers, FL
421 Butler Farm Road Nextel Communications of 369 360 56,515
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
3940 South Teller St. Travelers Express, Inc. 545 433 68,165
Lakewood, CO
100 Barnes Road Minnesota Mining and 291 303 44,400
Wallingford, CT Manufacturing Company
1440 East 15th Street Cox Communications, Inc. 232 228 28,591
Tucson, AZ
250 Turnpike Road Honeywell Consumer 229 229 57,698
Southborough, MA Products
11555 University Blvd. Kelsey-Seybold Clinic 557 615 72,683
Sugarland, TX (St. Luke's Episcopal Health
System)
Nijborg 15 & 17, 3927 DA AS Watson (Health & Beauty 1,226 963 122,450
Renswoude, The Netherlands Continental Europe)(2)
8
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/06
------------------------------ ------------------------ ----------------- ------------- ----------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ ------------------------ ----------------- ------------- ----------------
2300 Litton Lane AGC Automotive Americas 102 111 21,542
Hebron, KY Company
FTJ FundChoice, LLC - 4 9,164
VACANT - - 49,714
1600 Viceroy Drive The Visiting Nurse 22 180 48,027
Dallas, TX Association of Texas
VACANT - - 201,425
3615 North 27th Avenue VACANT(5) - - 57,988
Phoenix, AZ
------------------------ ----------------- ------------- ----------------
Subtotal $ 59,679 $ 61,072 8,980,766
------------------------ ----------------- ------------- ----------------
Industrial
----------
541 Perkins Jones Road Kmart Corp. $ 4,680 $ 4,466 1,462,642
Warren, OH
19500 Bulverde Road Harcourt Brace 1,590 1,715 559,258
San Antonio, TX
2425 Highway 77 North James Hardie Building 1,700 1,700 425,816
Waxahachie, TX Products, Inc. (James
Hardie Industries NV)
3501 West Avenue H Michaels Stores, Inc. 1,619 1,652 762,775
Lancaster, CA
9110 Grogans Mill Road Baker Hughes, Inc. 1,400 1,533 275,750
Houston, TX
159 Farley Drive Harbor Freight Tools 1,378 1,517 1,010,859
Dillon, SC USA, Inc.
(Central Purchasing,
Inc.)
590 Ecology Lane Owens Corning 1,093 1,093 420,597
Chester, SC
6345 Brackbill Boulevard Exel Logistics, Inc. 1,018 926 507,000
Mechanicsburg, PA (NFC plc)
3820 Micro Drive Ingram Micro Inc. 1,018 1,136 701,819
Memphis, TN
431 Smith Lane Kirkland's, Inc. 716 716 771,120
Jackson, TN
750 N. Black Branch Road Dana Corporation 1,419 1,419 539,592
Elizabethtown, KY
6938 Elm Valley Dr. Dana Corporation 921 921 150,945
Kalamazoo, MI
4425 Purks Road Lear Technologies LLC 702 683 183,717
Auburn Hills, MI (Lear Corporation)
(General Motors Corp.)
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Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/06
------------------------------ ------------------------ ----------------- ------------- ---------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ ------------------------ ----------------- ------------- ---------------
6 Doughten Road Exel Logistics, Inc. 743 674 330,000
New Kingston, PA (NFC plc)
6500 Adelaide Court Anda Pharmaceuticals, 630 603 354,676
Groveport, OH Inc.
(Andrx Corporation)
7500 Chavenelle Road The McGraw-Hill 545 582 330,988
Dubuque, IA Companies, Inc.
12025 Tech Center Drive Kelsey-Hayes Company 533 569 100,000
Livonia, MI
250 Swathmore Avenue Steelcase, Inc. 517 543 244,851
High Point, NC
Moody Commuter & Tech Park TNT Logistics North 527 527 595,346
Moody, AL America, Inc. (TPG
N.V.)
3102 Queen Palm Drive Time Customer Service, 513 505 229,605
Tampa, FL Inc. (Time, Inc.)
2280 Northeast Drive Ryder Integrated 499 502 276,480
Waterloo, IA Logistics, Inc.
(Ryder Systems, Inc.)
245 Salem Church Road Exel Logistics, Inc. 551 487 252,000
Mechanicsburg, PA (NFC plc)
200 Arrowhead Drive Owens Corning 514 492 400,522
Hebron, OH
3600 Southgate Drive Sygma Network, Inc. 467 467 149,500
Danville, IL
46600 Port Street Johnson Controls, Inc. 482 482 134,160
Plymouth, MI
1133 Poplar Creek Road Corporate Express Office 395 405 196,946
Henderson, NC Products, Inc.
(Buhrmann, N.V.)
301 Bill Byran Road Dana Corporation 726 726 410,844
Hopkinsville, KY
450 Stern Street Johnson Controls, Inc. 365 365 111,160
Oberlin, OH
10000 Business Boulevard Dana Corporation 673 673 336,350
Dry Ridge, KY
7670 Hacks Cross Road Dana Corporation 422 402 268,100
Olive Branch, MS
34 East Main Street Exel Logistics, Inc. 360 327 179,200
New Kingston, PA (NFC plc)
191 Arrowhead Drive Owens Corning 329 313 250,410
Hebron, OH
904 Industrial Road Tenneco Automotive 295 300 195,640
Marshall, MI Operating Company, Inc.
(Tenneco Automotive,
Inc.)
10
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/06
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
--------------------------- ---------------------------- ---------------- --------------- --------------
109 Stevens Street Unisource Worldwide, Inc. 294 294 168,800
Jacksonville, FL
1901 49th Avenue Owens Corning 277 277 18,620
Minneapolis, MN
7150 Exchequer Drive Corporate Express Office 219 220 79,086
Baton Rouge, LA Products, Inc.
(Buhrmann, N.V.)
4010 Airpark Drive Dana Corporation 428 428 251,041
Owensboro, KY
324 Industrial Park Road SKF USA, Inc. 198 198 72,868
Franklin, NC
187 Spicer Drive Dana Corporation 177 170 148,000
Gordonsville, TN
730 N. Black Branch Road Dana Corporation 268 268 167,770
Elizabethtown, KY
3350 Miac Cove Road Mimeo.com, Inc. 134 185 107,000
Memphis, TN VACANT - - 34,359
300 McCormick Road Ameritech Services, Inc. 63 78 20,000
Columbus, OH
1601 Pratt Avenue Joseph Campbell Company 70 71 58,300
Marshall, MI
477 Distribution Pkwy. Federal Express Corporation 40 134 120,000
Colliersville, TN
---------------------------- ---------------- --------------- --------------
Subtotal $ 31,508 $ 31,744 14,364,512
---------------------------- ---------------- --------------- --------------
Retail
------
2655 Shasta Way Fred Meyer, Inc. $ 505 $ 505 178,204
Klamath Falls, OR
Fort Street Mall, King Liberty House, Inc. 495 486 85,610
Street
Honolulu, HI
150 N.E. 20th Street Fred Meyer, Inc. 530 530 118,179
Newport, OR
35400 Cowan Road Sam's Real Estate 376 376 102,826
Westland, MI Business Trust
4733 Hills & Dales Road Scandinavian Health Spa, 373 343 37,214
Canton, OH Inc.
(Bally Total Fitness Corp.)
4831 Whipple Avenue, N.W. Best Buy Co., Inc. 233 233 46,350
Canton, OH
11
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
6/30/06
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
--------------------------- ---------------------------- ---------------- --------------- --------------
3711 Gateway Drive Kohl's Dept. Stores, Inc. 234 231 76,164
Eau Claire, WI
399 Peach Wood Centre Dr. Best Buy Co., Inc. 198 198 45,800
Spartanburg, SC
12535 S.E. 82nd Avenue Toys "R" Us, Inc. 205 171 42,842
Clackamas, OR
24100 Laguna Hills Mall Federated Department 177 175 160,000
Laguna Hills, CA Stores, Inc.
18601 Alderwood Mall Toys "R" Us, Inc. 189 149 43,105
Boulevard
Lynwood, WA
6910 S. Memorial Highway Toys "R" Us, Inc. 173 136 43,123
Tulsa, OK
9580 Livingston Road GFS Realty, Inc. 102 137 107,337
Oxon Hill, MD (Giant Food, Inc.)
121 South Center Street Greyhound Lines, Inc. 108 108 17,000
Stockton, CA
2401 Wooton Parkway GFS Realty, Inc. 57 76 51,682
Rockville, MD (Giant Food, Inc.)
---------------------------- ---------------- --------------- --------------
Subtotal $ 3,955 $ 3,854 1,155,436
---------------------------- ---------------- --------------- --------------
---------------------------- ---------------- --------------- --------------
Grand Total $ 95,142 $ 96,670 24,500,714
---------------------------- ---------------- --------------- --------------
(1) Company has an 80.5% economic interest in this property.
(2) Company has a 90.0% economic interest in this property.
(3) Includes 13,268 square feet of retail space of which 2,842 is vacant.
(4) Tenant rejected lease in bankruptcy and property is vacant as of June
30, 2006. GAAP rent does not reflect accelerated amortization of
$2,349.
(5) Company sold a portion of property in the second quarter 2006.
12
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
6/30/06
--------------------------- ---------------------------- ----------------- -------------- -------------- ------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square LXP
Property Location Tenant (Guarantor) ($000) ($000) Footage Ownership
--------------------------- ---------------------------- ----------------- -------------- -------------- ------------
Office
------
389-399 Interpace Highway Aventis Pharmaceuticals, $ 4,613 $ 4,350 340,240 33.33%
Morris Corporate Center IV Inc (Pharma Holdings GmbH)
Parsippany, NJ
17 Technology Circle Blue Cross Blue Shield 3,688 3,465 456,304 40.00%
Columbia, SC of South Carolina Inc.
275 South Valencia Ave. Bank of America NT & SA 3,787 4,553 637,503 25.00%
Los Angeles, CA
100 Wood Hollow Drive Greenpoint Mortgage 2,281 2,432 124,600 30.00%
Novato, CA Funding, Inc.
6555 Sierra Drive True North Communications 2,231 2,125 247,254 33.33%
Irving, TX Inc.
101 East Erie Building Foote, Cone & Belding 1,997 1,997 203,376 30.00%
Chicago, IL (Interpublic Group of
Companies, Inc.)
Higgins Development 58 60 19,089
Partners
Lexington Corporate 18 19 2,100
Properties
Trust
5200 Metcalf Avenue Employers Reinsurance 2,038 2,038 320,198 25.00%
Overland Park, KS Corporation
27027 Tourney Road Specialty Laboratories, 1,781 1,781 187,262 30.00%
Santa Clarita, CA Inc.
8900 Freeport Pkwy. Nissan Motor Acceptance 2,239 2,405 268,445 30.00%
Irving, TX Corporation/ (Nissan North
America, Inc.)
15375 Memorial Drive Vastar Resources, Inc. 1,718 1,718 327,325 33.33%
Houston, TX
10300 Kincaid Drive Bank One Indiana, N.A. 1,691 1,644 193,000 33.33%
Fishers, IN
10300 Town Park Drive Veritas DGC, Inc. 1,557 1,624 218,641 30.00%
Houston, TX
600 International Parkway First USA Management 1,489 1,460 125,155 33.33%
Lake Mary, FL Services, Inc.
550 International Parkway First USA Management 1,439 1,410 125,920 33.33%
Lake Mary, FL Services, Inc.
10940 White Rock Road Progressive Casualty 1,370 1,402 158,582 30.00%
10929 Disk Drive Insurance
Rancho Cordova, CA Company
2000 Eastman Drive Structural Dynamic 1,405 1,395 212,836 33.33%
Milford, OH Research Corp.
3701 Corporate Drive Motorola, Inc. 1,357 1,357 119,829 33.33%
Farmington Hills, MI
2050 Roanoke Road Chrysler Financial Company 1,595 1,770 130,290 30.00%
Westlake, TX LLC
13
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
6/30/06
---------------------------- --------------------------- ----------------- -------------- -------------- ---------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square LXP
Property Location Tenant (Guarantor) ($000) ($000) Footage Ownership
---------------------------- --------------------------- ----------------- -------------- -------------- ---------------
1401 & 1501 Nolan Ryan Siemens Dematic Postal 1,192 1,267 236,547 25.00%
Parkway Automation, L.P.
Arlington, TX
9201 East Dry Creek Road The Shaw Group, Inc. 1,036 1,253 128,500 30.00%
Centennial, CO
110, 120 & 130 E. Shore Capital One Services, Inc. 1,413 1,445 225,220 30.00%
Dr.
Richmond, VA
1475 Dunwoody Drive ING USA Annuity and Life 1,031 1,019 125,000 30.00%
West Chester, PA Insurance Company
13775 McLearen Road Equant N.V. 924 1,006 125,293 30.00%
Herndon, VA
70 Valley Stream Parkway IKON Office Solutions, Inc. 962 997 106,855 30.00%
Malvern, PA
5150 220th Avenue Spacelabs Medical, Inc 962 974 106,944 25.00%
Issaquah, WA (OSI Systems, Inc.)
9201 Stateline Employers Reinsurance 958 958 166,641 25.00%
Kansas City, MO Corporation
22011 SE 51st Street Spacelabs Medical, Inc 878 834 95,600 25.00%
Issaquah, WA (OSI Systems, Inc.)
1110 Bayfield Drive Honeywell International, 818 819 166,575 33.33%
Colorado Springs, CO Inc.
3601 Converse Drive Verizon Wireless 766 812 160,500 25.00%
Wilmington, NC
275 Technology Drive ANSYS, Inc. 620 677 107,872 30.00%
Canonsburg, PA
Renner Blvd. Voicestream PCS II 598 676 77,484 25.00%
Lenexa, KS Corporation
(T-Mobile USA, Inc.)
East Goldstone Drive Voicestream PCS II 584 660 77,484 25.00%
Meridian, ID Corporation
(T-Mobile USA, Inc.)
1409 Centerpoint Blvd. Alstom Power, Inc. 717 817 84,404 32.30%
Knoxville, TN
3201 Quail Springs Pkwy. AT& T Wireless Services, Inc. 673 683 103,500 40.00%
Oklahoma City, OK Jordan Associates, Inc. 166 166 25,000
200 Lucent Lane Lucent Technologies, Inc. 1,013 822 124,944 30.00%
Raleigh, NC
4455 American Way Bell South Mobility, Inc. 517 545 70,100 30.00%
Baton Rouge, LA
3711 San Gabriel Voice Stream PCS II LLC 450 492 75,016 30.00%
Mission, TX (T-Mobile USA, Inc.)
14
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
6/30/06
------------------------- ---------------------------- ---------------- --------------- -------------- --------------
YTD
Base Cash YTD
Revenue Base GAAP Square LXP
Property Location Tenant (Guarantor) ($000) Revenue ($000) Footage Ownership
------------------------- ---------------------------- ---------------- --------------- -------------- --------------
4848 129th East Ave. Metris Companies, Inc. 653 653 101,100 32.30%
Tulsa, OK
2310 Village Square AmeriCredit Corporation 722 610 85,000 32.30%
Pkwy.
Jacksonville, FL
4001 International Pkwy. Accor S.A. 1,492 1,616 138,443 25.00%
Carrollton, TX (Motel 6 Operating L.P.)
350 Rhode Island Street California Culinary 1,246 1,197 103,838 30.00%
San Francisco, CA Academy, LLC (Career
Education Corp.)
Starbucks Coffee Company 34 37 1,500
(Retail)
VACANT - - 20,006
2500 Patrick Henry Pkwy. Georgia Power Company 705 756 111,911 25.00%
McDonough, GA
First Park Drive Omnipoint Holdings, Inc. 592 683 78,610 25.00%
Oakland, ME (T-Mobile USA, Inc.)
11707 Miracle Hills (i) Structure, LLC 583 583 86,800 32.30%
Drive (Infocrossing,
Omaha, NE Inc.)
2005 East Technology (i) Structure, LLC 564 564 60,000 32.30%
Circle (Infocrossing,
Tempe, AZ Inc.)
511 Luna Road Haggar Clothing Company 409 448 180,507 30.00%
Dallas, TX (Texas Clothing Holding
Corp.)
(Haggar Corporation)
26410 McDonald Road Montgomery County 77 87 41,000 32.30%
Houston, TX Management LLC
---------------------------- ---------------- --------------- --------------
Subtotal Office $ 61,707 $ 63,161 7,816,143
---------------------------- ---------------- --------------- --------------
Industrial
----------
101 Michelin Drive TNT Logistics North $ 1,551 $ 1,614 1,164,000 33.33%
Laurens, SC America, Inc.
(TPG N.V.)
Philipp Parkway L'Oreal USA, Inc. 1,145 1,259 649,250 25.00%
Streetsboro, OH
7111 Crabb Road TNT Logistics North 1,039 1,081 752,000 33.33%
Temperance, MI America, Inc.
(TPG N.V.)
6050 Dana Way Vacant(1) 611 535 338,700 30.00%
Antioch, TN W.M Wright Company 254 254 338,700
3600 Army Post Rd. EDS Information Services 1,319 1,428 405,000 30.00%
Des Moines, IA LLC
(Electronic Data Systems
Corporation)
2400 West Haven Avenue Michaels Stores Procurement 992 992 693,185 30.00%
New Lenox, IL Company, Inc.
(Michaels Stores, Inc.)
15
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
6/30/06
------------------------- ---------------------------- ---------------- --------------- -------------- --------------
YTD
Base Cash YTD
Revenue Base GAAP Square LXP
Property Location Tenant (Guarantor) ($000) Revenue ($000) Footage Ownership
------------------------- ---------------------------- ---------------- --------------- -------------- --------------
43955 Plymouth Oaks Tower Automotive Products 943 943 290,133 30.00%
Boulevard Company
Plymouth, MI (Tower Automotive, Inc.)
121 Technology Drive Heidelberg Web Systems, 1,011 925 500,500 33.33%
Durham, NH Inc.
3225 Meridian Parkway Hagemeyer Foods, Inc. 741 804 201,845 30.00%
Weston, FL
291 Park Center Drive Kraft Foods North 726 757 344,700 33.33%
Winchester, VA America, Inc.
1109 Commerce Linens-n-Things, Inc. 629 626 262,644 30.00%
Boulevard
Logan Township, NJ
3245 Meridian Parkway Circuit City Stores, Inc. 524 584 230,600 30.00%
Weston, FL
359 Gateway Drive TI Group Automotive 600 600 133,221 32.30%
Livonia, GA Systems,
LLC
900 Industrial Boulevard Dana Corporation 209 209 172,800 32.30%
Crossville, TN
736 Addison Road Corning, Inc. 95 95 408,000 30.00%
Erwin, NY
2935 Van Vactor Way Bay Valley Foods, LLC 6 7 300,500 32.30%
Plymouth, IN
---------------------------- ---------------- --------------- --------------
Subtotal Industrial $ 12,395 $ 12,713 7,185,778
---------------------------- ---------------- --------------- --------------
Retail/ Other
-------------
12080 Carmel Mountain Kmart Corporation $ 88 $ 490 107,210 30.00%
Road
San Diego, CA
5350 Leavitt Road Kmart Corporation 195 364 193,193 30.00%
Lorain, OH
255 Northgate Drive Kmart Corporation 137 257 107,489 30.00%
Manteca, CA
21082 Pioneer Plaza Kmart Corporation 130 242 120,727 30.00%
Drive
Watertown, NY
97 Seneca Trail Kmart Corporation 91 155 90,933 30.00%
Fairlea, WV
1150 West Carl Sandburg Kmart Corporation 77 144 94,970 30.00%
Drive
Galesburg, IL
11411 N. Kelly Avenue American Golf Corporation 57 57 13,924 32.30%
Oklahoma City, OK
---------------------------- ---------------- --------------- --------------
Subtotal Retail/ Other $ 775 $ 1,709 728,446
---------------------------- ---------------- --------------- --------------
---------------------------- ---------------- --------------- --------------
Grand Total $ 74,877 $ 77,583 15,730,367
---------------------------- ---------------- --------------- --------------
(1) Original tenant rejected the lease in bankruptcy. GAAP rent does not
reflect accelerated amortization of $4,704.
16
Lexington Corporate Properties Trust
Supplemental Reporting Package
Properties by Location
6/30/06
Historical 6-Month
Ended June 30, 2006(1)
Number ----------------------
No. of of Percent Square Base Rent Percent of
Locations Location Properties(3) Leased(4) Feet(2) ($000's) Base Rent
------------- ------------------ ------------ ------------ ------------ -----------------------------
1 Texas 25 96.2% 5,321,040 $ 22,786 18.7%
2 South Carolina 10 100.0 3,806,492 10,063 8.3
3 Pennsylvania 12 99.9 2,472,403 8,829 7.2
4 Ohio 11 100.0 3,738,253 7,782 6.4
5 California 13 99.2 2,571,029 7,013 5.8
6 Michigan 13 95.5 2,466,397 6,527 5.4
7 Florida 12 100.0 1,620,114 6,402 5.3
8 Virginia 8 100.0 1,399,643 5,625 4.6
9 Georgia 5 100.0 733,599 4,985 4.1
10 Arizona 8 86.7 807,472 4,496 3.7
11 Massachusetts 4 100.0 574,301 3,696 3.0
12 Kentucky 6 97.2 1,786,017 3,629 3.0
13 Tennessee 9 87.0 2,876,650 3,320 2.7
14 New Jersey 4 100.0 760,395 3,258 2.7
15 Utah 1 100.0 295,000 3,161 2.6
16 Illinois 6 100.0 1,431,935 2,814 2.3
17 Indiana 4 100.0 724,503 2,559 2.1
18 Oregon 4 100.0 416,709 1,982 1.6
19 Iowa 4 100.0 1,073,648 1,899 1.6
20 North Carolina 5 100.0 800,109 1,596 1.3
21 Washington 4 100.0 305,849 1,157 0.9
22 Connecticut 2 100.0 197,764 1,115 0.9
23 Colorado 3 100.0 363,240 1,082 0.9
24 The Netherlands 1 100.0 122,450 963 0.8
25 Oklahoma 4 100.0 286,647 705 0.6
26 Kansas 2 100.0 397,682 679 0.6
27 Alabama 1 100.0 595,346 527 0.4
28 Hawaii 1 100.0 85,610 486 0.4
29 Mississippi 1 100.0 268,100 402 0.3
30 Louisiana 2 100.0 149,186 384 0.3
31 New Hampshire 1 100.0 500,500 308 0.2
32 Minnesota 1 100.0 18,620 277 0.2
33 Missouri 1 100.0 166,641 240 0.2
34 Wisconsin 1 100.0 76,164 231 0.2
35 Maryland 2 100.0 159,019 213 0.2
36 Nebraska 1 100.0 86,800 188 0.2
37 Maine 1 100.0 78,610 171 0.1
38 Idaho 1 100.0 77,484 165 0.1
39 New York 2 100.0 528,727 101 0.1
40 West Virginia 1 100.0 90,933 44 --
------------------ ------------ ------------ ------------ -------------- --------------
Total 197 97.8% 40,231,081 $ 121,860 100.00%
------------------ ------------ ------------ ------------ -------------- --------------
(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 June 30, 2006.
(3) Includes properties owned during the six months ended June 30, 2006.
(4) As of June 30, 2006.
17
Lexington Corporate Properties Trust
Supplemental Reporting Package
Lease Rollover Schedule by Property Type - Cash Basis
6/30/06
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
- --------- ------------ ------------- ------------ ------------ -------------- ------------- ------------ -------------- ------------
2006 270,700 $ 2,386 $ 8.82 938,237 $ 5,097 $ 5.43 -- $ -- $ --
2007 186,504 2,024 14.11 1,920,942 10,802 5.62 -- -- --
2008 444,270 6,240 14.49 -- -- -- 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 2,135,992 17,670 13.91 675,655 2,436 3.61 -- -- --
2011 1,002,689 10,757 20.63 1,046,519 536 4.67 247,249 1,659 6.71
2012 1,869,411 18,340 12.66 3,951,134 8,671 4.35 -- -- --
2013 1,659,473 21,097 15.80 79,086 483 6.11 -- -- --
2014 1,864,411 18,140 15.68 965,160 3,522 3.65 267,337 496 1.85
2015 2,267,937 20,952 14.17 764,370 4,504 6.64 76,164 469 6.15
2016 738, 176 6,981 16.65 1,408,158 5,091 4.38 -- -- --
2017 128,500 694 17.99 806,439 2,754 4.32 51,682 115 2.23
2018 556,288 5,446 15.43 -- -- -- 806,672 1,175 2.37
2019 543,931 4,203 19.51 2,183,145 5,519 3.50 -- -- --
2020 294,583 4,238 18.36 666,037 4,184 7.51 -- -- --
2021 157,511 4,234 26.88 1,620,504 6,106 4.21 -- -- --
2022 -- -- -- -- -- -- -- -- --
2023 -- -- -- -- -- -- -- -- --
2024 187,262 1,069 19.02 693,185 568 2.73 -- -- --
2025 146,800 734 15.63 2,126,194 9,566 3.20 -- -- --
2026 -- -- -- 500,500 427 2.56 -- -- --
Weighted Average $ 15.73 $ 4.40 $ 4.48
======= ======= ========
(1) Includes proportionate share of joint venture investments.
18
Lexington Corporate Properties Trust
Supplemental Reporting Package
Lease Rollover Schedule - GAAP Basis
6/30/06
($000's)
Percentage of
Total Total
Number of Annualized Base Annualized
Year Leases Expiring Rent (1) Base Rent
- ------------------------- ------------------------ --------------------------- ----------------------------
2006 - remaining 8 $ 5,780 2.4%
2007 7 12,293 5.1
2008 7 7,509 3.1
2009 17 22,449 9.4
2010 19 19,274 8.1
2011 15 15,758 6.6
2012 22 25,080 10.5
2013 14 21,071 8.8
2014 19 22,485 9.4
2015 20 27,748 11.6
2016 13 11,149 4.7
2017 6 3,668 1.5
2018 11 7,404 3.1
2019 9 8,984 3.8
2020 6 7,974 3.3
2021 5 8,087 3.4
2022 -- -- --
2023 -- -- --
2024 2 1,665 0.7
2025 8 9,893 4.2
2026 1 617 0.3
------------------------ --------------------------- ----------------------------
Total 209 $ 238,888 100.0%
======================== =========================== ============================
(1) Includes proportionate share of joint venture investments.
19
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages and Notes Payable
6/30/06
($000's)
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Current
Estimated
Debt Annual Balloon
Property - Fixed Rate Balance Interest Rate Maturity Debt Service(d) Payment
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Warren, OH(b) $ 8,629 7.000% Oct-07 $ 6,160 $ --
Bristol, PA 9,452 7.400 Feb-08 831 9,262
Decatur, GA 6,346 6.720 Jun-08 579 6,049
Phoenix, AZ 13,373 7.890 Jun-08 1,434 12,591
Palm Beach Gardens, FL 10,864 7.010 Jun-08 970 10,418
Canton, OH 3,129 7.150 Aug-08 313 2,936
Spartanburg, SC 2,599 7.150 Aug-08 260 2,438
Florence, SC 8,956 7.500 Feb-09 869 8,443
Canton, OH 910 9.490 Feb-09 388 --
Baton Rouge, LA 1,711 7.375 Mar-09 208 1,478
Livonia, MI 10,684 7.800 Apr-09 992 10,236
Bristol, PA 5,692 7.250 Apr-09 571 5,228
Henderson, NC(a) 4,170 7.390 May-09 417 3,854
Westland, MI 1,873 10.500 Sep-09 683 --
Salt Lake City, UT 8,284 7.610 Oct-09 2,901 --
High Point, NC 8,480 5.750 Oct-09 695 7,741
Richmond, VA 16,050 8.100 Feb-10 1,511 15,257
Hampton, VA 7,105 8.270 Apr-10 677 6,758
Hampton, VA 4,362 8.260 Apr-10 415 4,144
Tampa, FL 8,095 6.930 Aug-10 674 7,603
Tampa, FL 5,854 6.880 Aug-10 485 5,495
Herndon, VA 18,358 8.180 Dec-10 1,723 17,301
Tucson, AZ 2,330 7.500 Jan-11 226 2,076
Valley Forge, PA 12,440 7.120 Feb-11 1,166 10,927
Renswoude, NA(f) 34,453 5.305 Apr-11 2,502 30,928
Glendale, AZ 14,365 7.400 Apr-11 1,258 13,365
Dallas, TX 30,582 5.126 May-11 1,589 30,582
Farmington Hills, MI 20,505 5.126 May-11 1,343 19,020
Wallingford, CT 3,445 4.926 May-11 221 3,187
Auburn Hills, MI 6,838 7.010 Jun-11 637 5,918
Plymouth, MI 4,553 7.960 Jul-11 463 3,949
Newport, OR 6,708 5.030 Aug-11 470 5,980
Greenville, SC 13,305 4.415 Jan-12 841 11,806
New Kingston, PA 6,969 7.790 Jan-12 678 6,101
Mechanicsburg, PA 5,144 7.780 Jan-12 500 4,503
New Kingston, PA 3,320 7.780 Jan-12 323 2,906
Lake Forest, CA 10,547 7.260 Feb-12 901 9,708
Memphis, TN 17,789 5.247 May-12 1,181 16,222
Lakewood, CO 8,675 5.097 May-12 445 7,890
Groveport, OH 7,601 6.030 Oct-12 563 6,860
San Antonio, TX 29,368 6.080 Oct-12 2,260 26,025
Foxboro, MA(b) 17,443 6.000 Jan-13 4,264 --
Fort Mill, SC 11,166 6.000 Jan-13 839 9,904
Waterloo, IA 6,063 5.610 Feb-13 671 3,505
Atlanta, GA 45,141 5.268 May-13 3,004 40,356
Houston, TX 17,621 5.218 May-13 1,166 15,737
Southington, CT 13,749 5.018 May-13 890 12,228
Tempe, AZ 13,618 5.148 May-13 894 12,144
Indianapolis, IN 9,617 5.168 May-13 633 8,580
Fort Meyers, FL 8,912 5.268 May-13 476 8,550
Chelmsford, MA 7,001 5.118 May-13 458 6,231
Lancaster, CA (first) 10,216 7.020 Sep-13 900 8,637
Lancaster, CA (second) 8,613 5.920 Sep-13 642 7,518
Knoxville, TN 5,128 5.950 Sep-13 381 4,496
20
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages and Notes Payable
6/30/06
($000's)
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Current
Estimated
Debt Annual Balloon
Property - Fixed Rate Balance Interest Rate Maturity Debt Service(d) Payment
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Foxboro, MA(b) 22,174 6.000 Jan-14 4,916 --
Moody, AL 7,424 4.978 Jan-14 493 6,350
Mechanicsburg, PA 13,270 5.730 Mar-14 1,045 10,538
Redmond, OR 9,820 5.616 Apr-14 697 8,484
Clive, IA 5,907 5.139 May-14 387 5,151
Fort Mill, SC 20,300 5.373 May-14 1,106 18,311
Philadelphia, PA(e) 49,000 5.060 Jul-14 2,514 43,547
Jackson, TN 10,152 5.930 Jul-14 743 8,820
Eau Claire, WI 1,846 8.000 Jul-14 313 --
Carrollton, TX 14,241 5.530 Jan-15 993 12,022
Franklin, NC 1,666 8.500 Mar-15 271 --
Kalamazoo, MI 17,588 5.411 May-15 1,189 15,087
Houston, TX 16,940 5.160 May-15 1,114 14,408
Houston, TX 13,226 5.210 May-15 874 11,265
Fishers, IN 13,153 5.160 May-15 865 11,188
San Antonio, TX 13,044 5.340 May-15 875 11,149
Los Angeles, CA 11,475 5.110 May-15 750 9,760
Atlanta, GA 11,325 5.260 May-15 604 10,502
Richmond, VA 10,586 5.310 May-15 708 9,055
Harrisburg, PA 9,159 5.110 May-15 599 7,780
Elizabethtown, KY(g) 16,500 4.990 Jul-15 1,075 13,838
Hopkinsville, KY(g) 9,667 4.990 Jul-15 630 8,108
Dry Ridge, KY(g) 7,816 4.990 Jul-15 509 6,555
Owensboro, KY(g) 6,989 4.990 Jul-15 455 5,862
Elizabethtown, KY(g) 3,108 4.990 Jul-15 203 2,607
Southborough, MA 1,829 7.500 Sep-15 275 --
Houston, TX(b) 64,735 6.250 Sep-15 6,428 18,318
Houston, TX(b) 26,130 6.250 Sep-15 2,151 6,985
Sugar Land, TX(b) 16,961 6.250 Sep-15 1,647 6,286
Houston, TX(b) 7,423 6.250 Sep-15 668 2,222
Temple, TX 8,939 6.090 Jan-16 668 7,446
Danville, IL 6,354 9.000 Jan-16 692 4,578
Bremerton, WA 6,607 6.090 Apr-16 494 5,465
Dubuque, IA 10,815 5.402 Jun-17 733 8,725
Westmont, IL 15,366 6.210 Mar-18 1,292 9,662
Boca Raton, FL 20,400 6.470 Feb-20 1,338 18,383
Houston, TX 9,946 5.640 Dec-20 692 7,018
Wall Township, NJ(b) 29,675 6.250 Jan-21 2,013 --
Dillon, SC 23,576 5.974 Feb-22 1,832 13,269
Chester, SC 13,642 5.380 Aug-25 1,144 362
---------- ----- -------- --------
$ 1,156,975 5.986% $ 102,536 $ 852,177
---------- ------ -------- --------
Corporate
- ---------
Credit Facility (C) $ -- -- June-08 $ -- $ --
---------- ------ -------- --------
Total $ 1,156,975 5.986% $ 102,536 $ 852,177
========== ====== ======== =======
21
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
6/30/06
(000's)
(a) Included in discontinued operations.
(b) Debt balances based upon imputed interest rates.
(c) Floating rate debt 30/60/90 day LIBOR plus 120 to 170 bps.
(d) Remaining payments for debt with less than 12 months to maturity.
(e) The Company has an 80.5% interest in the property securing the mortgage.
(f) The Company has a 90.0% interest in the property securing the mortgage.
(g) Debt balances are net of mortgage investment made by the Company.
22
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
6/30/06
(000's)
- ------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------
LXP Current
Debt Proportionate Interest Estimated Annual Balloon
Joint Venture Property Balance Share Rate Maturity Debt Service Payment
- ------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------
Santa Clarita, CA $ 28,200 $ 8,460 4.750 Oct-09 $ 1,340 $ 28,200
Columbia, SC 23,688 9,475 7.850 Oct-09 2,196 22,586
Houston, TX 20,096 6,692 7.580 Oct-09 2,032 18,229
Fishers, IN 14,342 4,776 8.190 Apr-10 1,499 12,960
Lorain, OH(1) 3,397 1,019 6.000 Jul-10 873 --
Manteca, CA(1) 2,400 720 6.000 Jul-10 617 --
Watertown, NY(1) 2,257 677 6.000 Jul-10 580 --
Fairlea, WV(1) 1,585 476 6.000 Jul-10 407 --
San Diego, CA(1) 1,530 459 6.000 Jul-10 393 --
Galesburg, IL(1) 1,347 404 6.000 Jul-10 346 --
Irving, TX 25,879 8,618 8.160 Oct-10 2,432 24,454
Lake Mary, FL 12,879 4,289 7.880 Oct-10 1,181 12,118
Lake Mary, FL 12,828 4,272 7.880 Oct-10 1,178 12,082
Parsippany, NJ 39,828 13,263 7.350 Mar-11 3,472 37,047
Novato, CA 22,078 6,623 5.750 Jul-11 1,600 20,307
Winchester, VA 10,468 3,486 7.330 Aug-11 908 9,675
Milford, OH 16,110 5,365 8.170 Feb-12 1,764 12,686
Des Moines, IA 22,761 6,828 5.147 May-12 1,188 22,153
Fort Worth, TX 19,601 5,880 5.097 May-12 1,280 17,823
Raleigh, NC 12,900 3,870 4.947 May-12 647 12,543
Farmington Hills, MI 20,432 6,810 5.420 Sep-12 1,500 17,724
Laurens, SC 16,769 5,589 6.000 Sep-12 1,396 14,022
Temperance, MI 11,241 3,747 6.000 Sep-12 936 9,400
Baton Rouge, LA 6,742 2,023 4.900 Oct-12 443 5,943
Plymouth, MI 12,152 3,646 6.220 Dec-12 1,026 10,026
Colorado Springs, CO 11,508 3,836 6.250 Dec-12 887 10,272
Centennial, CO 15,410 4,623 6.150 Feb-13 1,177 13,555
Los Angeles, CA 80,182 20,046 5.330 May-13 4,333 73,071
Dallas, TX 40,832 12,250 5.218 May-13 2,702 36,453
Malvern, PA 12,958 3,887 5.530 Jan-14 916 11,236
Arlington, TX 21,362 5,341 5.810 Feb-14 1,551 18,588
New Lenox, IL 17,400 5,220 5.510 Feb-14 972 17,400
Logan Township, NJ 7,690 2,307 4.760 Apr-14 371 6,784
Rancho Cordova, CA(1) 18,375 5,513 6.000 Sept-14 1,457 14,646
Weston, FL 10,633 3,190 5.420 Nov-14 733 9,066
Issaquah, WA 32,800 8,200 5.001 Dec-14 1,663 30,388
Canonsburg, PA 9,095 2,729 5.377 Dec-14 489 9,095
Chicago, IL 29,900 8,970 5.105 Jan-15 1,548 29,900
Herndon, VA 12,152 3,646 5.920 Apr-15 888 10,359
Richmond, VA 19,800 5,940 5.110 May-15 1,026 18,321
Oklahoma City, OK 14,749 5,900 5.240 May-15 784 13,673
Knoxville, TN 7,783 2,514 5.310 May-15 520 6,658
Tulsa, OK 7,671 2,478 5.060 May-15 499 6,517
Jacksonville, FL 5,798 1,873 5.110 May-15 379 4,927
McDonough, GA 12,675 3,169 5.212 Jun-15 670 11,349
Mission, TX 6,387 1,916 5.780 Jun-15 462 5,371
Carrollton, TX 20,800 5,200 5.274 Jul-15 1,112 18,677
Houston, TX 23,910 7,173 5.410 Oct-15 1,311 21,846
Omaha, NE 8,972 2,898 5.610 Apr-16 621 7,560
Tempe, AZ 8,474 2,737 5.610 Apr-16 586 7,140
Dallas, TX 18,363 5,509 6.100 Jul-16 1,136 18,363
Wilmington, NC 13,000 3,250 5.190 Mar-17 684 11,580
Weston, FL 7,346 2,204 5.520 Nov-17 512 5,758
Lorain, OH(1) 1,470 441 6.000 Jul-18 108 --
Manteca, CA(1) 1,039 312 6.000 Jul-18 77 --
Watertown, NY(1) 977 293 6.000 Jul-18 72 --
Fairlea, WV(1) 686 206 6.000 Jul-18 51 --
San Diego, CA(1) 662 199 6.000 Jul-18 49 --
Galesburg, IL(1) 583 175 6.000 Jul-18 43 --
Overland Park, KS 37,620 9,405 5.830 May-19 2,224 31,819
23
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
6/30/06
(000's)
- ------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------
LXP Current
Debt Proportionate Interest Estimated Annual Balloon
Joint Venture Property Balance Share Rate Maturity Debt Service Payment
- ------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------
Kansas City, MO 17,950 4,488 5.830 May-19 1,061 15,182
West Chester, PA 10,405 3,122 6.750 Jul-19 1,204 --
Meridian, ID 10,224 2,556 6.010 Aug-19 753 7,658
Streetsboro, OH 20,200 5,050 5.285 Sept-19 1,082 16,338
Houston, TX 7,500 2,423 6.507 Nov-19 495 6,692
San Francisco, CA 22,080 6,624 5.580 Nov-19 1,249 18,002
Lenexa, KS 10,276 2,569 6.270 Dec-19 774 7,755
Oakland, ME 10,408 2,602 5.930 Oct-20 750 7,660
Livonia, GA 9,991 3,227 5.460 Dec-20 741 5,895
Durham, NH 19,182 6,393 6.730 Mar-21 1,309 --
Antioch, TN 14,077 4,223 7.940 Oct-21 1,580 774
-------- --------- ---------- --------- --------
$ 1,052,865 $ 314,294 5.946 % $ 74,845 $ 886,306
========= ======== ========== ========= ========
1. Debt balances based upon imputed rates.
24
Lexington Corporate Properties Trust
Supplemental Reporting Package
Debt Maturity Schedule
6/30/06
($000's)
Consolidated properties
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments Average Interest Rate
------------ -------- ---------------------
2006 - remaining $ 13,982 $ -- --%
2007 35,197 -- --
2008 29,973 43,694 7.32
2009 31,592 36,980 7.16
2010 30,422 56,558 7.88
------ --------- -----------
$141,166 $ 137,232 7.51%
======= ========= ===========
Joint venture properties - LXP proportionate share
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments Average Interest Rate
------------ -------- ---------------------
2006 - remaining $ 2,135 $ -- --
2007 4,078 -- --
2008 4,493 -- --
2009 5,170 23,570 6.67%
2010 5,103 20,538 8.06
--------- --------- -----------
$ 20,979 $ 44,108 7.31%
========= ========= ===========
25
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue By Tenant Industry
6/30/06
- --------------------------------------------------------------- --------------------------------
Percentage of Historical
Tenant Industry Annual Base Rent (1)
- --------------------------------------------------------------- --------------------------------
Energy 13.4%
Finance/Insurance 12.6
Technology 10.8
Automotive 9.6
Telecommunications 5.6
Healthcare 5.6
Transportation/Logistics 5.4
Retail-Department/ Discount Store 5.1
Consumer Products 4.8
Media/Advertising 4.2
Food 3.8
Construction Materials 3.7
Printing/Production 3.4
Retail-Specialty 2.8
Aerospace/Defense 2.2
Service 2.1
Retail-Electronics 1.6
Apparel 1.1
Security 0.9
Health/Fitness 0.5
Paper/Containers & Packaging 0.4
Real Estate 0.4
-------
100.0%
(1) Includes proportionate share of joint venture investments and rental
revenue recognized from properties sold through date of sale for the
six months ended June 30, 2006.
26
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue by MSA
6/30/06
Percent of
Base Rent for the 6
Months Ended
6/30/06
- ------- -------------------------------------------------------------- ----------------------
1 Houston-TX 9.8%
2 Dallas-Fort Worth-TX 6.1%
3 Philadelphia-Wilmington-PA 4.8%
4 Detroit-MI 4.3%
5 Los Angeles-Riverside-Orange County-CA 4.2%
6 Atlanta-GA 3.9%
7 Youngstown-Warren-OH 3.7%
8 Phoenix-Mesa-AZ 3.5%
9 Boston-MA 3.3%
10 Charlotte-NC 2.7%
11 Salt Lake City-UT 2.6%
12 Harrisburg-PA 2.6%
13 New York-Northern New Jersey 2.4%
14 Richmond-VA 2.3%
15 Indianapolis-IN 2.1%
16 San Antonio-TX 2.1%
17 Chicago-IL 1.9%
18 West Palm Beach-Boca Raton-FL 1.8%
19 Memphis-TN 1.5%
20 Washington-Baltimore-DC-MD 1.4%
21 Elizabethtown, KY 1.4%
22 Columbia-SC 1.3%
23 Dillon-SC 1.2%
24 Columbus-OH 1.2%
25 Kalamazoo-Battle Creek-MI 1.1%
26 Cincinnati-OH 1.0%
27 Greenville-Spartanburg-SC 1.0%
28 Tampa-St. Petersburg-FL 1.0%
29 Seattle-WA 1.0%
30 San Francisco-CA 0.9%
31 Chester-SC 0.9%
32 Norfolk-Virginia Beach-Newport News-VA 0.8%
33 Renswoude, Netherland 0.8%
34 Orlando-FL 0.8%
35 Kansas City-MO-KS 0.8%
36 Florence-SC 0.7%
37 Des Moines-IA 0.7%
38 Hartford-CT 0.7%
39 Denver-CO 0.7%
40 Cleveland-OH 0.6%
41 Killeen-Temple-TX 0.6%
42 Redmond-OR 0.6%
43 Clarksville-TN 0.6%
44 Jackson-TN 0.6%
45 Knoxville-TN 0.6%
46 Ocala-FL 0.5%
47 Dubuque-IA 0.5%
48 Canton-OH 0.5%
27
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue by MSA
6/30/06
Percent of
Base Rent for the 6
Months Ended
6/30/06
- ------- -------------------------------------------------------------- ----------------------
49 Greensboro-Winston-Salem-NC 0.4%
50 Laurens-SC 0.4%
51 Newport-OR 0.4%
52 Birmingham-AL 0.4%
53 Fort Meyers-FL 0.4%
54 Klamath Falls-OR 0.4%
55 Waterloo-Cedar Falls-IA 0.4%
56 Jacksonville-FL 0.4%
57 Honolulu-HI 0.4%
58 Danville-IL 0.4%
59 Owensboro-KY 0.3%
60 Sacramento-CA 0.3%
61 Miami-Fort Lauderdale-FL 0.3%
62 Henderson-NC 0.3%
63 Baton Rouge-LA 0.3%
64 Oklahoma, OK 0.3%
65 Tulsa-OK 0.3%
66 New Haven-CT 0.2%
67 Minneapolis-St. Paul-MN 0.2%
68 Colorado Springs-CO 0.2%
69 Winchester-VA 0.2%
70 Raleigh-Durham-Chapel Hill-NC 0.2%
71 Nashville-TN 0.2%
72 Eau Claire-WI 0.2%
73 Tucson-AZ 0.2%
74 Pittsburgh-PA 0.2%
75 Wilmington-NC 0.2%
76 Franklin-NC 0.2%
77 Lavonia-GA 0.2%
78 Omaha-NE-IA 0.2%
79 Stockton-Lodi-CA 0.2%
80 Clackamas-OR 0.1%
81 Oakland-ME 0.1%
82 Gordonsville, TN 0.1%
83 Boise City, ID 0.1%
84 McAllen-Edinburg-Mission-TX 0.1%
85 San Diego-CA 0.1%
86 Watertown-NY 0.1%
87 Crossville, TN 0.1%
88 Lewisburg-WV 0.1%
89 Galesburg-IL 0.1%
90 Erwin, NY -
91 Plymouth, IN -
- ------- -------------------------------------------------------------- ----------------------
Totals 100.00%
- ------- -------------------------------------------------------------- ----------------------
28
Lexington Corporate Properties Trust
Supplemental Reporting Package
Other Revenue Data
6/30/06
Revenue by Property Type Percentage
- ---------------------------------------------------- --------------------------------
Office 66.1%
Industrial 29.9
Retail 4.0
-------
100.0%
======
Revenue by Credit Rating(B)
- ---------------------------
Investment Grade 39.2%
Non-Investment Grade 29.1
Unrated 31.7
----
100.00%
======
Percentage of
Base Rent for the
Number of 6 Months Ended
Top 15 Tenants/Guarantors Properties(B) Property Type 6/30/06(A)
- ---------------------------------------------------- ---------------- ---------------------------------- ---------------------
Baker Hughes, Inc. 4 Office (3)/Industrial (1) 5.4%
Dana Corporation(C) 9 Industrial 5.0
Kmart Corporation 7 Industrial(1)/Retail (6) 4.1
Wells Fargo Home Mortgage, Inc. 2 Office 2.7
Northwest Pipeline Corp. 1 Office 2.6
Internet Security Systems, Inc. 1 Office 2.5
Invensys Systems, Inc. (Siebe, Inc.) 2 Office 2.4
Exel Logistics, Inc.(NFC plc) 4 Industrial 2.0
Nextel Finance Company 4 Office 1.9
Morgan, Lewis & Bockius LLP 1 Office 1.8
Owens Corning 4 Industrial 1.8
Michaels Stores, Inc. 2 Industrial 1.6
Harcourt Brace 1 Industrial 1.4
James Hardie Building Products, Inc. 1 Industrial 1.4
(James Hardie Industries N.V.)
TRW, Inc. (Experian Information Solutions, Inc.) 1 Office 1.4
- ---
44 38.0%
== =====
(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, 2006.
(C) Tenant declared Chapter 11 bankruptcy in March 2006.