Exhibit 99.2
LEXINGTON CORPORATE PROPERTIES TRUST
SUPPLEMENTAL REPORTING PACKAGE
For the nine months ended September 30, 2006
Table of Contents
Statements of Operations............................... 1
Balance Sheets......................................... 2
Combined Joint Venture Income Statement................ 3
Third Quarter Transaction Summary...................... 4
Second Quarter Transaction Summary..................... 5
First Quarter Transaction Summary ..................... 6
Property Holdings...................................... 7
Properties by Location................................. 18
Lease Rollover Schedules............................... 19
Mortgages and Notes Payable............................ 21
Revenue by Tenant Industry............................. 27
Revenue by MSA......................................... 28
Other Revenue Data..................................... 30
LEXINGTON CORPORATE PROPERTIES TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
2006 2005 2006 2005
---- ---- ---- ----
Gross revenues:
Rental $ 46,205 $ 47,437 $ 137,080 $ 122,521
Advisory fees 1,127 995 3,527 4,186
Tenant reimbursements 4,302 4,205 12,622 7,194
---------- ---------- ---------- -----------
Total gross revenues 51,634 52,637 153,229 133,901
Expense applicable to revenues:
Depreciation and amortization (20,054) (19,522) (59,576) (47,271)
Property operating (8,113) (7,705) (23,126) (15,003)
General and administrative (5,394) (4,154) (15,868) (13,153)
Non-operating income 963 297 7,669 1,187
Interest and amortization expense (17,572) (17,963) (52,825) (45,373)
Debt satisfaction (charges) gains, net (510) -- (216) 4,632
Impairment charges -- -- (1,121) --
---------- ---------- ---------- -----------
Income before benefit (provision) for income taxes, minority
interests, equity in earnings of non-consolidated entities and
discontinued operations 954 3,590 8,166 18,920
Benefit (provision) for income taxes (178) 111 (23) 45
Minority interests (168) (484) (1,231) (2,154)
Equity in earnings of non-consolidated entities 1,005 2,328 3,075 5,087
---------- ---------- ---------- ------------
Income from continuing operations 1,613 5,545 9,987 21,898
---------- ---------- ---------- -----------
Discontinued operations, net of minority interest and taxes:
Income from discontinued operations 919 2,007 3,194 6,745
Debt satisfaction (charge) gain, net 15 -- 4,913 (54)
Impairment charges (21,612) (177) (21,612) (800)
Gains on sales of properties 1,470 1,595 17,520 6,656
---------- ---------- ---------- -----------
Total discontinued operations (19,208) 3,425 4,015 12,547
---------- ---------- ---------- -----------
Net income (loss) (17,595) 8,970 14,002 34,445
Dividends attributable to preferred shares - Series B (1,590) (1,590) (4,770) (4,770)
Dividends attributable to preferred shares - Series C (2,519) (2,519) (7,556) (7,556)
---------- ---------- ---------- -----------
Net income (loss) allocable to common shareholders $ (21,704) $ 4,861 $ 1,676 $ 22,119
=========== =========== =========== ===========
Company's funds from operations(1) $ (313) $ 30,213 $ 66,497 $ 87,354
=========== =========== =========== ===========
Per share/unit:
Basic net income (loss) $ (0.42) $ 0.10 $ 0.03 $ 0.45
Diluted net income (loss) $ (0.42) $ 0.08 $ 0.03 $ 0.41
Company's funds from operations(1)-basic $ (0.00) $ 0.49 $ 1.05 $ 1.45
Company's funds from operations(1)-diluted $ (0.00) $ 0.49 $ 1.05 $ 1.44
1
LEXINGTON CORPORATE PROPERTIES TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
9/30/06 12/31/05
------- --------
Real estate, at cost $ 1,840,739 $ 1,883,115
Accumulated depreciation (255,400) (241,188)
Investment in joint ventures 181,246 191,146
Properties held for sale - discontinued operations 16,227 49,397
Intangible assets, net 128,932 128,775
Cash and cash equivalents 62,819 53,515
Deferred expenses, net 15,037 13,582
Rent receivable 3,264 7,673
Rent receivable - deferred 27,882 24,778
Other assets 76,135 49,439
----------- -----------
$ 2,096,881 $ 2,160,232
=========== ===========
Mortgages and notes payable $ 1,146,371 $ 1,139,971
Liabilities - discontinued operations 8,931 32,145
Other liabilities 38,829 35,434
Dividends payable 23,490 --
Minority interests 52,641 61,372
Shareholders' equity 826,619 891,310
----------- -----------
$ 2,096,881 $ 2,160,232
=========== ===========
Common shares 53,099,996 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 5,619,358 5,720,071
1. Lexington believes that funds from operations ("FFO") is a widely
recognized and appropriate measure of the performance of an equity REIT.
Lexington presents FFO because it considers FFO an important supplemental
measure of Lexington's operating performance. Lexington believes FFO is
frequently used by securities analysts, investors and other interested
parties in the evaluation of REITs, many of which present FFO when
reporting their results. FFO is intended to exclude generally accepted
accounting principles ("GAAP") historical cost depreciation and
amortization of real estate and related assets, which assumes that the
value of real estate diminishes ratably overtime. Historically, however,
real estate values have risen or fallen with market conditions. As a
result, FFO provides a performance measure that, when compared year over
year, reflects the impact to operations from trends in occupancy rates,
rental rates, operating costs, development activities, interest costs and
other matters without the inclusion of depreciation and amortization,
providing perspective that may not necessarily be apparent from net income.
Lexington computes FFO in accordance with standards established by the
National Association of Real Estate Investment Trusts, Inc. ("NAREIT"). FFO
is defined by NAREIT as "net income (or loss) computed in accordance with
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 does not represent cash generated
from operating activities in accordance with GAAP and is not indicative of
cash available to fund cash needs. FFO should not be considered as an
alternative to net income as an indicator of our operating performance or
as an alternative to cash flow as a measure of liquidity.
Lexington includes in its calculation of FFO, which as included Lexington
refers to as the "Company's funds from operations" or "Company FFO,"
Lexington's operating partnership units and Lexington's Series C Cumulative
Convertible Preferred Shares because these securities are convertible, at
the holder's option, into Lexington's common shares. Management believes
this is appropriate and relevant to securities analysts, investors and
other interested parties because it presents Company FFO on a company-wide
basis as if all securities that are convertible, at the holder's option,
into Lexington's common shares, are converted. Since others do not
calculate FFO in a similar fashion, Company FFO may not be comparable to
similarly titled measures as reported by others.
2
LEXINGTON CORPORATE PROPERTIES TRUST
JOINT VENTURE PROPORTIONATE SHARE
COMBINED CONDENSED STATEMENT OF INCOME
(dollars in thousands)
Three Months Ended Nine Months Ended
September 30, 2006 September 30, 2006
------------------ ------------------
Gross revenues $ 13,326 $ 37,743
---------- ----------
Depreciation and amortization (5,558) (16,253)
Interest and amortization (4,790) (13,899)
Other income and expenses, net (2,279) (5,364)
---------- ----------
Expenses (12,627) (35,516)
---------- ----------
Net income $ 699 $ 2,227
========== ==========
3
LEXINGTON CORPORATE PROPERTIES TRUST
2006 Third 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
- ------------------ -------- ---- ----- --------- ----- --------- ----- ----
Parkway Chevrolet, Inc. (2) Tomball, TX Specialty $ 14,718 $ 1,488 10.1 % $ 1,227 8.3 % 08-26
====== ====== ====== ======== =======
Dispositions
Property
Tenants/Guarantors Location Type Net Sale Price Net Book Value
- ------------------ -------- ---- -------------- --------------
Vacant Phoenix, AZ Office $ 2,845 $ 930
===== ========
New Leases/Lease Extensions
Property Previous Extended Rent Per Square
Tenants/Guarantors Location Type Term Term Annum Feet
- ------------------ -------- ---- ---- ---- ----- ----
Citibank(1) San Francisco, CA Office -- 08-11 $ 105 6,545
Exel Logistics, Inc. (NFC plc) Mechanicsburg, PA Industrial 12-07 12-12 866 252,000
Exel Logistics, Inc. (NFC plc) New Kingston, PA Industrial 11-06 12-06 599 179,200
Exel Logistics, Inc. (NFC plc) New Kingston, PA Industrial 11-06 05-07 1,270 330,000
TFC Services / (Freeman Decorating Dallas, TX Office -- 01-19 1,499 108,565
Co.)
New Financings
Tenants/Guarantors Location Amount Rate Maturity Date
- ------------------ -------- ------ ---- -------------
Avnet, Inc. Phoenix, AZ $ 19,250 6.27% 09-13
Bay Valley Foods, LLC (2) Plymouth, IN 6,675 6.32% 09-16
Corning, Inc. (1) Erwin, NY 9,500 5.91% 10-18
----- -----
$ 35,425 6.18%
====== =====
Mortgage Investment
Borrower Location Interest Rate Invested Amount Maturity
- -------- -------- ------------- --------------- --------
JR Boudreaux (2) Tomball, TX Libor + 300bps $ 1,750 08-11
=======
(1) The Company has a 30% interest in this property.
(2) The Company has a 32.3% interest in this property.
4
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
(3) The Company has a 30% interest in this property.
(4) The Company has a 32.3% interest in this property.
(5) The Company completed a foreclosure with lender resulting in a $6,289 gain.
(6) The Company sold a sub-divided portion of the property, remaining parcel
under contract for sale.
5
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 Dallas, TX Office -- Jun-16 $ 615 48,027
Texas
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, Omaha, NE 9,000 5.61 Apr-16
Inc.)(2)
(i) Structure, LLC (Infocrossing, Tempe, AZ 8,500 5.61 Apr-16
Inc.)(2)
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.
6
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/06
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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. $ 4,741 $ 4,741 295,000
Salt Lake City, UT
10001 Richmond Avenue Baker Hughes, Inc. 3,998 5,527 554,385
Houston, TX
6303 Barfield Road & 859 Internet Security Systems, 4,718 4,548 289,000
Mount Vernon Hwy. Inc.
Atlanta, GA
1701 Market Street Morgan Lewis & Bockius 3,635 3,642 322,317
Philadelphia, PA LLP(1) (3)
3480 Stateview Blvd. Wells Fargo Bank N.A. 2,416 2,587 169,218
Fort Mill, SC
33 Commercial Street Invensys Systems, Inc. 2,480 2,480 164,689
Foxboro, MA (Siebe, Inc.)
3476 Stateview Boulevard Wells Fargo Home 2,162 2,266 169,083
Fort Mill, SC Mortgage, Inc.
9950 Mayland Drive Circuit City Stores, Inc. 2,145 2,094 288,562
Richmond, VA
1415 Wyckoff Road New Jersey Natural Gas Co. 2,193 2,193 157,511
Wall Township, NJ
2750 Monroe Boulevard Quest Diagnostics, Inc. 1,884 1,916 109,281
Valley Forge, PA
700 Oakmont Lane North American Van Lines, Inc. 1,824 1,928 269,715
Westmont, IL (SIRVA, Inc.)
70 Mechanic Street Invensys Systems, Inc. 2,197 1,921 251,914
Foxboro, MA (Siebe, Inc.)
13651 McLearen Road Boeing North American 2,066 1,852 159,664
Herndon, VA Services, Inc.
(The Boeing Company)
1311 Broadfield Blvd. Transocean, Inc. 1,713 1,708 103,260
Houston, TX Newpark Resources, Inc. 847 853 52,731
601 & 701 Experian Pkwy. TRW Inc. (Experian 2,762 2,530 292,700
Dallas, TX Information Solutions,
Inc.)
2211 South 47th Street Avnet, Inc. 1,654 1,694 176,402
Phoenix, AZ
5600 Broken Sound Blvd Oce Printing Systems USA, Inc. 1,509 1,684 143,290
Boca Raton, FL
4200 RCA Boulevard The Wackenhut Corp. 1,636 1,625 114,518
Palm Beach Gardens, FL
701 Brookfield Parkway Verizon Wireless 1,508 1,550 192,884
Greenville, SC
19019 No. 59th Avenue Honeywell, Inc. 1,502 1,490 252,300
Glendale, AZ
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Property Holdings
9/30/06
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
-------------------------------------------------------------------------------------------------------
4201 Marsh Lane Carlson Restaurants Worldwide, 1,401 1,482 130,000
Carrollton, TX Inc.
12645 W. Airport Road Baker Hughes, Inc. 1,197 1,454 165,836
Sugar Land, TX
26210 and 26220 Enterprise Apria Healthcare Group, 1,313 1,344
Court Inc. 100,012
Lake Forest, CA
10475 Crosspoint Blvd. John Wiley & Sons, Inc. 1,797 1,797 141,047
Fishers, IN
2210 Enterprise Drive Washington Mutual Home 1,312 1,274 177,747
Florence, SC Loan, Inc.
27404 Drake Road Vacant (4) 971 908 111,454
Farmington Hills, MI
200 Executive Blvd. S Hartford Fire Insurance Co. 1,260 1,218 153,364
Southington, CT
810-820 Gears Road IKON Office Solutions, 1,672 1,688 157,790
Houston, TX Inc.
1600 Eberhardt Road Nextel of Texas 1,130 1,169 108,800
Temple, TX
2999 SW 6th St. Voice Stream PCS I LLC 1,001 1,164 77,484
Redmond, OR (T-Mobile USA, Inc.)
160 Clairemont Avenue Allied Holdings, Inc. 1,258 1,140 112,248
Decatur, GA
27016 Media Center Drive Playboy Enterprises, Inc. 1,004 943 63,049
Los Angeles, CA Sony Electronics, Inc. 197 203 20,203
2800 Waterford Lake Dr. Alstom Power, Inc. 1,348 1,511 99,057
Richmond, VA
26555 Northwestern Highway Federal-Mogul Corporation 869 1,064 187,163
Southfield, MI
10419 North 30th Street Time Customer Service, Inc. 1,111 1,057 132,981
Tampa, FL (Time, Inc.)
250 Rittenhouse Circle Jones Apparel Group 949 1,039 255,019
Bristol, PA USA, Inc.
(Jones Apparel Group, Inc.)
8555 South River Pkwy. ASM Lithography Holding 1,598 1,381 95,133
Tempe, AZ NV
400 Butler Farm Road Nextel Communications of 986 977 100,632
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
16676 Northchase Dr. Kerr-McGee Corporation 1,167 1,220 101,111
Houston, TX
6200 Northwest Pkwy. PacifiCare Health Systems, 1,230 1,216 142,500
San Antonio, TX Inc.
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
---------------------------------------------------------------------------------------------------------
5757 Decatur Blvd. Allstate Insurance Co. 935 1,161 84,200
Indianapolis, IN Holladay Property Services 56 56 5,756
4000 Johns Creek Pkwy. Kraft Foods N.A., Inc. 1,004 1,039 73,264
Atlanta, GA PerkinElmer Instruments 158 174 13,955
LLC
6455 State Hwy 303 NE Nextel West Corporation 771 835 60,200
Bremerton, WA
270 Billerica Road Cadence Design Systems 761 799 100,000
Chelmsford, MA
2550 Interstate Dr. AT&T Wireless Services, 1,072 1,087 81,859
Harrisburg, PA Inc.
180 Rittenhouse Circle Jones Apparel Group 713 728 96,000
Bristol, PA USA, Inc. (Jones Apparel
Group, Inc.)
2529 West Thorns Drive Baker Hughes, Inc. 487 634 65,500
Houston, TX
12000 Tech Center Drive Kelsey-Hayes Company 587 617 80,230
Livonia, MI
2401 Cherahala Boulevard Advance PCS, Inc. 589 616 59,748
Knoxville, TN
1275 NW 128th Street Principal Life Insurance 599 587 61,180
Clive, IA Company
13430 N. Black Canyon Freeway Bull HN Information
Phoenix, AZ Systems, Inc. 588 627 69,492
Associated Billing 50 205 17,767
Services, LLC
VACANT -- -- 49,799
12600 Gateway Blvd. Gartner, Inc. 748 789 62,400
Fort Meyers, FL
421 Butler Farm Road Nextel Communications of 553 539 56,515
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
3940 South Teller St. Travelers Express, Inc. 818 649 68,165
Lakewood, CO
100 Barnes Road Minnesota Mining and 436 454 44,400
Wallingford, CT Manufacturing Company
1440 East 15th Street Cox Communications, Inc. 349 342 28,591
Tucson, AZ
250 Turnpike Road Honeywell Consumer 344 344 57,698
Southborough, MA Products
11555 University Blvd. Kelsey-Seybold Clinic 836 922 72,683
Sugarland, TX (St. Luke's Episcopal Health
System)
Nijborg 15 & 17, 3927 DA AS Watson (Health & Beauty 1,982 1,569 122,450
Renswoude, The Netherlands Continental Europe)(2)
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
---------------------------------------------------------------------------------------------------------
2300 Litton Lane AGC Automotive Americas 153 162 21,542
Hebron, KY Company
FTJ FundChoice, LLC -- 13 9,164
VACANT -- -- 49,714
1600 Viceroy Drive The Visiting Nurse 126 319 48,027
Dallas, TX Association of Texas
TFC Services -- 19 108,565
(Freeman Decorating
Co.)
VACANT -- -- 92,860
-------------------------------------------------------------------------
Subtotal $ 89,076 $ 91,364 8,922,778
-------------------------------------------------------------------------
Industrial
----------
541 Perkins Jones Road Kmart Corp. $ 7,020 $ 6,699 1,462,642
Warren, OH
19500 Bulverde Road Harcourt Brace 2,422 2,572 559,258
San Antonio, TX
2425 Highway 77 North James Hardie Building 2,550 2,550 425,816
Waxahachie, TX Products, Inc. (James
Hardie Industries NV)
3501 West Avenue H Michaels Stores, Inc. 2,428 2,478 762,775
Lancaster, CA
9110 Grogans Mill Road Baker Hughes, Inc. 1,885 2,295 275,750
Houston, TX
159 Farley Drive Harbor Freight Tools 2,070 2,279 1,010,859
Dillon, SC USA, Inc.
(Central Purchasing,
Inc.)
590 Ecology Lane Owens Corning 1,639 1,639 420,597
Chester, SC
6345 Brackbill Boulevard Exel Logistics, Inc. 1,528 1,389 507,000
Mechanicsburg, PA (NFC plc)
3820 Micro Drive Ingram Micro Inc. 1,539 1,716 701,819
Memphis, TN
431 Smith Lane Kirkland's, Inc. 1,079 1,079 771,120
Jackson, TN
750 N. Black Branch Road Dana Corporation 2,129 2,129 539,592
Elizabethtown, KY
6938 Elm Valley Dr. Dana Corporation 1,382 1,382 150,945
Kalamazoo, MI
4425 Purks Road Vacant(5) 786 764 183,717
Auburn Hills, MI
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
-------------------------------------------------------------------------------------------------------
6 Doughten Road Exel Logistics, Inc. 1,115 1,019 330,000
New Kingston, PA (NFC plc)
6500 Adelaide Court Anda Pharmaceuticals, Inc. 918 875 354,676
Groveport, OH (Andrx Corporation)
7500 Chavenelle Road The McGraw-Hill 817 873 330,988
Dubuque, IA Companies, Inc.
12025 Tech Center Drive Kelsey-Hayes Company 808 854 100,000
Livonia, MI
250 Swathmore Avenue Steelcase, Inc. 776 815 244,851
High Point, NC
Moody Commuter & Tech Park TNT Logistics North 790 790 595,346
Moody, AL America, Inc. (TPG
N.V.)
3102 Queen Palm Drive Time Customer Service, 774 757 229,605
Tampa, FL Inc. (Time, Inc.)
2280 Northeast Drive Ryder Integrated 748 753 276,480
Waterloo, IA Logistics, Inc.
(Ryder Systems, Inc.)
245 Salem Church Road Exel Logistics, Inc. 769 703 252,000
Mechanicsburg, PA (NFC plc)
200 Arrowhead Drive Owens Corning 770 739 400,522
Hebron, OH
3600 Southgate Drive Sygma Network, Inc. 700 700 149,500
Danville, IL
46600 Port Street Johnson Controls, Inc. 723 723 134,160
Plymouth, MI
301 Bill Byran Road Dana Corporation 1,108 1,108 424,904
Hopkinsville, KY
450 Stern Street Johnson Controls, Inc. 547 547 111,160
Oberlin, OH
1133 Poplar Creek Road Corporate Express Office 592 607 196,946
Henderson, NC Products, Inc.
(Buhrmann, N.V.)
10000 Business Boulevard Dana Corporation 1,009 1,009 336,350
Dry Ridge, KY
7670 Hacks Cross Road Dana Corporation 661 631 268,100
Olive Branch, MS
34 East Main Street Exel Logistics, Inc. 540 492 179,200
New Kingston, PA (NFC plc)
191 Arrowhead Drive Owens Corning (6) 493 478 250,410
Hebron, OH
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
-------------------------------------------------------------------------------------------------------
904 Industrial Road Tenneco Automotive 445 450 195,640
Marshall, MI Operating Company, Inc.
(Tenneco Automotive, Inc.)
109 Stevens Street Unisource Worldwide, Inc. 440 441 168,800
Jacksonville, FL
1901 49th Avenue Owens Corning 419 419 18,620
Minneapolis, MN
7150 Exchequer Drive Corporate Express Office 329 329 79,086
Baton Rouge, LA Products, Inc.
(Buhrmann, N.V.)
4010 Airpark Drive Dana Corporation 730 730 251,041
Owensboro, KY
324 Industrial Park Road SKF USA, Inc. 296 296 72,868
Franklin, NC
187 Spicer Drive Dana Corporation 266 256 148,000
Gordonsville, TN
730 N. Black Branch Road Dana Corporation 403 403 167,770
Elizabethtown, KY
3350 Miac Cove Road Mimeo.com, Inc. 202 278 107,000
Memphis, TN VACANT -- -- 34,359
300 McCormick Road Ameritech Services, Inc. 95 116 20,000
Columbus, OH
1601 Pratt Avenue Joseph Campbell Company 105 106 58,300
Marshall, MI
477 Distribution Pkwy. Federal Express Corporation 160 236 120,000
Colliersville, TN
----------------------------------------------------------------------------
Subtotal $ 47,005 $ 47,504 14,378,572
----------------------------------------------------------------------------
Retail
------
2655 Shasta Way Fred Meyer, Inc. $ 757 $ 757 178,204
Klamath Falls, OR
Fort Street Mall, King Liberty House, Inc. 742 729 85,610
Street
Honolulu, HI
150 N.E. 20th Street Fred Meyer, Inc. 737 737 118,179
Newport, OR
35400 Cowan Road Sam's Real Estate 565 565 102,826
Westland, MI Business Trust
4733 Hills & Dales Road Scandinavian Health Spa, 559 514 37,214
Canton, OH Inc.
(Bally Total Fitness Corp.)
4831 Whipple Avenue, N.W. Best Buy Co., Inc. 349 349 46,350
Canton, OH
12
Lexington Corporate Properties Trust
Supplemental Reporting Package
Property Holdings
9/30/06
--------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
--------------------------------------------------------------------------------------------------------
3711 Gateway Drive Kohl's Dept. Stores, Inc. 351 347 76,164
Eau Claire, WI
399 Peach Wood Centre Dr. Best Buy Co., Inc. 296 296 45,800
Spartanburg, SC
12535 S.E. 82nd Avenue Toys "R" Us, Inc. 281 252 42,842
Clackamas, OR
24100 Laguna Hills Mall Federated Department 250 262 160,000
Laguna Hills, CA Stores, Inc.
18601 Alderwood Mall Toys "R" Us, Inc. 260 224 43,105
Boulevard
Lynwood, WA
6910 S. Memorial Highway Toys "R" Us, Inc. 238 205 43,123
Tulsa, OK
9580 Livingston Road GFS Realty, Inc. 154 205 107,337
Oxon Hill, MD (Giant Food, Inc.)
121 South Center Street Greyhound Lines, Inc. 162 162 17,000
Stockton, CA
2401 Wooton Parkway GFS Realty, Inc. 86 114 51,682
Rockville, MD (Giant Food, Inc.)
----------------------------------------------------------------------------
Subtotal $ 5,787 $ 5,718 1,155,436
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Grand Total $ 141,868 $ 144,586 24,456,786
----------------------------------------------------------------------------
(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 was vacant commencing
June 30, 2006. GAAP rent does not reflect accelerated amortization of
$2,349.
(5) Tenant lease expired in July 2006, and the property is currently
vacant.
(6) Tenant has rejected lease in bankruptcy and property is expected to be
vacant soon after September 30, 2006. Tenant is still paying lease
rent.
13
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
9/30/06
---------------------------------------------------------------------------------------------------------------------
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, $ 6,920 $ 6,525 340,240 33.33%
Morris Corporate Center IV (Pharma Holdings GmbH)
Parsippany, NJ
17 Technology Circle Blue Cross Blue Shield 5,533 5,198 456,304 40.00%
Columbia, SC of South Carolina Inc.
275 South Valencia Ave. Bank of America NT & SA 5,680 6,830 637,503 25.00%
Los Angeles, CA
100 Wood Hollow Drive Greenpoint Mortgage 3,451 3,648 124,600 30.00%
Novato, CA Funding, Inc.
6555 Sierra Drive True North Communications 3,346 3,187 247,254 33.33%
Irving, TX Inc.
101 East Erie Building Foote, Cone & Belding 2,968 2,968 203,376 30.00%
Chicago, IL (Interpublic Group of
Companies, Inc.)
Higgins Development 88 90 19,089
Partners
Lexington Corporate
Properties
Trust 27 28 2,100
5200 Metcalf Avenue Employers Reinsurance 3,057 3,057 320,198 25.00%
Overland Park, KS Corporation
27027 Tourney Road Specialty Laboratories, Inc. 2,672 2,672 187,262 30.00%
Santa Clarita, CA
8900 Freeport Pkwy. Nissan Motor Acceptance 3,372 3,608 268,445 30.00%
Irving, TX Corporation/ (Nissan North
America, Inc.)
15375 Memorial Drive Vastar Resources, Inc. 2,585 2,578 327,325 33.33%
Houston, TX
10300 Kincaid Drive Bank One Indiana, N.A. 2,536 2,465 193,000 33.33%
Fishers, IN
10300 Town Park Drive Veritas DGC, Inc. 2,335 2,436 218,641 30.00%
Houston, TX
600 International Parkway First USA Management 2,234 2,191 33.33%
125,155
Lake Mary, FL Services, Inc.
550 International Parkway First USA Management 2,158 2,115 125,920 33.33%
Lake Mary, FL Services, Inc.
10940 White Rock Road Progressive Casualty Insurance 2,055 2,103 158,582 30.00%
10929 Disk Drive Company
Rancho Cordova, CA
2000 Eastman Drive Structural Dynamic 2,118 2,092 212,836 33.33%
Milford, OH Research Corp.
3701 Corporate Drive Motorola, Inc. 2,035 2,035 119,829 33.33%
Farmington Hills, MI
2050 Roanoke Road Chrysler Financial Company 2,392 2,655 130,290 30.00%
Westlake, TX LLC
14
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
9/30/06
---------------------------------------------------------------------------------------------------------------------
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 1,789 1,900 236,547 25.00%
Parkway Automation, L.P.
Arlington, TX
9201 East Dry Creek Road The Shaw Group, Inc. 1,554 1,880 128,500 30.00%
Centennial, CO
110, 120 & 130 E. Shore Capital One Services, Inc. 2,127 2,167 225,220 30.00%
Dr.
Richmond, VA
1475 Dunwoody Drive ING USA Annuity and Life 1,547 1,529 125,000 30.00%
West Chester, PA Insurance Company
13775 McLearen Road Equant N.V. 1,398 1,520 125,293 30.00%
Herndon, VA
70 Valley Stream Parkway IKON Office Solutions, Inc. 1,443 1,496 106,855 30.00%
Malvern, PA
5150 220th Avenue Spacelabs Medical, Inc 1,444 1,462 106,944 25.00%
Issaquah, WA (OSI Systems, Inc.)
9201 Stateline Employers Reinsurance 1,444 1,444 166,641 25.00%
Kansas City, MO Corporation
22011 SE 51st Street Spacelabs Medical, Inc 1,320 1,250 95,600 25.00%
Issaquah, WA (OSI Systems, Inc.)
1110 Bayfield Drive Honeywell International, 1,226 1,228 166,575 33.33%
Colorado Springs, CO Inc.
3601 Converse Drive Verizon Wireless 1,150 1,218 160,500 25.00%
Wilmington, NC
275 Technology Drive ANSYS, Inc. 930 1,015 107,872 30.00%
Canonsburg, PA
Renner Blvd. Voicestream PCS II 897 1,014 77,484 25.00%
Lenexa, KS Corporation
(T-Mobile USA, Inc.)
East Goldstone Drive Voicestream PCS II 881 990 77,484 25.00%
Meridian, ID Corporation
(T-Mobile USA, Inc.)
1409 Centerpoint Blvd. Alstom Power, Inc. 1,086 1,226 84,404 32.30%
Knoxville, TN
3201 Quail Springs Pkwy. AT& T Wireless Services, Inc. 1,009 1,023 103,500 40.00%
Oklahoma City, OK Jordan Associates, Inc. 249 249 25,000
200 Lucent Lane Lucent Technologies, Inc. 1,519 1,232 124,944 30.00%
Raleigh, NC
4455 American Way Bell South Mobility, Inc. 775 817 70,100 30.00%
Baton Rouge, LA
3711 San Gabriel Voice Stream PCS II LLC 675 738 75,016 30.00%
Mission, TX (T-Mobile USA, Inc.)
15
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
9/30/06
---------------------------------------------------------------------------------------------------------------------
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. 980 980 101,100 32.30%
Tulsa, OK
2310 Village Square AmeriCredit Corporation 1,091 915 85,000 32.30%
Pkwy.
Jacksonville, FL
4001 International Pkwy. Accor S.A. 2,239 2,423 138,443 25.00%
Carrollton, TX (Motel 6 Operating L.P.)
350 Rhode Island Street California Culinary Academy, 1,869 1,796 103,838 30.00%
San Francisco, CA LLC (Career Education Corp.)
Starbucks Coffee Company 51 55 1,500
(Retail)
Citibank -- -- 6,545
VACANT -- --
13,461
2500 Patrick Henry Pkwy. Georgia Power Company 1,063 1,133 111,911 25.00%
McDonough, GA
First Park Drive Omnipoint Holdings, Inc. 890 1,024 78,610 25.00%
Oakland, ME (T-Mobile USA, Inc.)
11707 Miracle Hills (i) Structure, LLC 875 875 86,800 32.30%
Drive (Infocrossing,
Omaha, NE Inc.)
2005 East Technology (i) Structure, LLC (Infocrossing, 846 846 60,000 32.30%
Circle Inc.)
Tempe, AZ
511 Luna Road Haggar Clothing Company 928 1,016 180,507 30.00%
Dallas, TX (Texas Clothing Holding
Corp.)
(Haggar Corporation)
26410 McDonald Road Montgomery County 256 288 41,000 32.30%
Houston, TX Management LLC
----------------------------------------------------------------------------
Subtotal Office $ 93,113 $ 95,230 7,816,143
----------------------------------------------------------------------------
Industrial
101 Michelin Drive TNT Logistics North $ 2,327 $ 2,420 1,164,000 33.33%
Laurens, SC America, Inc.
(TPG N.V.)
Philipp Parkway L'Oreal USA, Inc. 1,718 1,889 649,250 25.00%
Streetsboro, OH
7111 Crabb Road TNT Logistics North 1,558 1,621 752,000 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 508 508 338,700
3600 Army Post Rd. EDS Information Services 1,991 2,142 405,000 30.00%
LLC
Des Moines, IA (Electronic Data Systems
Corporation)
2400 West Haven Avenue Michaels Stores Procurement 1,489 1,489 693,185 30.00%
New Lenox, IL Company, Inc.
(Michaels Stores, Inc.)
16
Lexington Corporate Properties Trust
Supplemental Reporting Package
Joint Venture Property Holdings
9/30/06
----------------------------------------------------------------------------------------------------------------------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square LXP
Property Location Tenant (Guarantor) ($000) ($000) Footage Ownership
----------------------------------------------------------------------------------------------------------------------------
43955 Plymouth Oaks Tower Automotive Products 1,414 1,414 290,133 30.00%
Boulevard Company
Plymouth, MI (Tower Automotive, Inc.)
121 Technology Drive Heidelberg Web Systems, 1,672 1,387 500,500 33.33%
Durham, NH Inc.
3225 Meridian Parkway Hagemeyer Foods, Inc. 1,112 1,206 201,845 30.00%
Weston, FL
291 Park Center Drive Kraft Foods North 1,128 1,136 344,700 33.33%
Winchester, VA America, Inc.
1109 Commerce Boulevard Linens-n-Things, Inc. 944 938 262,644 30.00%
Logan Township, NJ
3245 Meridian Parkway Circuit City Stores, Inc. 785 877 230,600 30.00%
Weston, FL
359 Gateway Drive TI Group Automotive Systems, 900 900 133,221 32.30%
Livonia, GA LLC
900 Industrial Boulevard Dana Corporation 334 334 172,800 32.30%
Crossville, TN
736 Addison Road Corning, Inc. 371 371 408,000 30.00%
Erwin, NY
2935 Van Vactor Way Bay Valley Foods, LLC 197 208 300,500 32.30%
Plymouth, IN
----------------------------------------------------------------------------
Subtotal Industrial $ 19,059 $ 19,375 7,185,778
----------------------------------------------------------------------------
Retail/ Other
-------------
12080 Carmel Mountain Road Kmart Corporation $ 271 $ 735 107,210 30.00%
San Diego, CA
5350 Leavitt Road Kmart Corporation 602 547 193,193 30.00%
Lorain, OH
255 Northgate Drive Kmart Corporation 425 386 107,489 30.00%
Manteca, CA
21082 Pioneer Plaza Drive Kmart Corporation 400 363 120,727 30.00%
Watertown, NY
97 Seneca Trail Kmart Corporation 281 232 90,933 30.00%
Fairlea, WV
1150 West Carl Sandburg Drive Kmart Corporation 239 217 94,970 30.00%
Galesburg, IL
11411 N. Kelly Avenue American Golf Corporation 176 176 13,924 32.30%
Oklahoma City, OK
25500 State Hwy 249 Parkway Chevrolet, Inc. 125 152 77,076 32.30%
Tomball, TX 77375
----------------------------------------------------------------------------
Subtotal Retail/ Other $ 2,519 $ 2,808 805,522
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Grand Total $ 114,691 $ 117,413 15,807,443
----------------------------------------------------------------------------
(1) Original tenant rejected the lease in bankruptcy. GAAP rent does not reflect
accelerated amortization of $4,704.
17
Lexington Corporate Properties Trust
Supplemental Reporting Package
Properties by Location
9/30/06
Historical 9-Month
Ended September 30, 2006(1)
---------------------------
No. of Number of Percent Square Base Rent Percent of
Locations Location Properties(3) Leased(4) Feet(2) ($000's) Base Rent
------------- ------------------ ------------ ------------ ------------ -----------------------------
1 Texas 26 98.3% 5,398,116 $ 34,439 18.9%
2 South Carolina 10 100.0 3,806,492 14,990 8.2
3 Pennsylvania 12 99.9 2,472,403 13,227 7.3
4 Ohio 11 100.0 3,738,253 11,651 6.4
5 California 13 99.5 2,571,029 10,518 5.8
6 Florida 12 100.0 1,620,114 9,306 5.1
7 Michigan 13 88.0 2,466,397 9,076 5.0
8 Virginia 8 100.0 1,399,643 8,458 4.6
9 Georgia 5 100.0 733,599 7,475 4.1
10 Arizona 8 93.4 749,484 6,480 3.6
11 Kentucky 6 97.2 1,800,077 5,554 3.1
12 Massachusetts 4 100.0 574,301 5,544 3.0
13 Tennessee 9 87.0 2,876,650 4,997 2.8
14 New Jersey 4 100.0 760,395 4,807 2.7
15 Utah 1 100.0 295,000 4,741 2.6
16 Illinois 6 100.0 1,431,935 4,165 2.3
17 Indiana 4 100.0 724,503 3,903 2.1
18 Oregon 4 100.0 416,709 2,910 1.6
19 Iowa 4 100.0 1,073,648 2,856 1.6
20 North Carolina 5 100.0 800,109 2,392 1.3
21 Washington 4 100.0 305,849 1,737 1.0
22 Connecticut 2 100.0 197,764 1,672 0.9
23 Colorado 3 100.0 363,240 1,622 0.9
24 The Netherlands 1 100.0 122,450 1,569 0.9
25 Oklahoma 4 100.0 286,647 1,087 0.6
26 Kansas 2 100.0 397,682 1,018 0.6
27 Alabama 1 100.0 595,346 790 0.4
28 Hawaii 1 100.0 85,610 729 0.4
29 Mississippi 1 100.0 268,100 631 0.3
30 Louisiana 2 100.0 149,186 574 0.3
31 New Hampshire 1 100.0 500,500 462 0.3
32 Minnesota 1 100.0 18,620 419 0.2
33 Missouri 1 100.0 166,641 361 0.2
34 Wisconsin 1 100.0 76,164 347 0.2
35 Maryland 2 100.0 159,019 319 0.2
36 Nebraska 1 100.0 86,800 283 0.2
37 Maine 1 100.0 78,610 256 0.1
38 Idaho 1 100.0 77,484 248 0.1
39 New York 2 100.0 528,727 220 0.1
40 West Virginia 1 100.0 90,933 70 --
---------------------------------------------------------------------------------------
Total 198 97.8% 40,264,229 $ 181,903 100.00%
---------------------------------------------------------------------------------------
(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, 2006.
(3) Includes properties owned during the nine months ended September 30, 2006.
(4) As of September 30, 2006.
18
Lexington Corporate Properties Trust
Supplemental Reporting Package
Lease Rollover Schedule by Property Type - Cash Basis
9/30/06
Office Industrial Retail/ Other
- ------------------------------------------------------------------------------------------------------------------------------------
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 $ 8.82 608,237 $ 3,610 $ 5.93 -- $ -- $ --
2007 186,504 1,995 13.96 1,998,942 11,127 5.57 -- -- --
2008 444,270 6,240 14.49 -- -- -- 215,418 1,788 8.30
2009 1,837,317 17,142 15.78 831,966 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 9,943 19.82 1,046,519 536 4.67 247,249 1,659 6.71
2012 1,869,411 17,840 12.39 4,203,134 9,541 4.29 -- -- --
2013 1,659,473 20,509 15.44 79,086 483 6.11 -- -- --
2014 1,864,411 17,547 15.36 965,160 3,522 3.65 267,337 496 1.85
2015 2,267,937 20,814 13.92 764,370 4,504 6.64 76,164 469 6.15
2016 738, 176 6,460 15.95 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 5,504 15.85 -- -- -- 806,672 1,175 2.37
2019 652,496 5,197 17.91 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 2,140,254 9,802 3.20 -- -- --
2026 -- -- -- 500,500 427 2.56 77,076 577 23.16
Weighted Average $ 15.44 $ 4.40 $ 5.22
======= ======== =======
(1) Includes proportionate share of joint venture investments and its net of
estimated expenses.
19
Lexington Corporate Properties Trust
Supplemental Reporting Package
Lease Rollover Schedule - GAAP Basis
9/30/06
($000's)
Percentage of
Total Total
Number of Annualized Base Annualized
Year Leases Expiring Rent (1) Base Rent
- -----------------------------------------------------------------------------------------------------------
2006 - remaining 5 $ 3,692 1.5%
2007 7 12,593 5.3
2008 7 7,509 3.1
2009 17 22,449 9.4
2010 18 18,648 7.8
2011 16 15,889 6.6
2012 23 25,946 10.8
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 10 10,440 4.4
2020 6 7,974 3.3
2021 5 8,087 3.4
2022 -- -- --
2023 -- -- --
2024 2 1,665 0.7
2025 8 9,894 4.1
2026 2 1,098 0.5
---------------------------------------------------------------------------------
Total 209 $ 239,409 100.0%
=================================================================================
(1) Includes proportionate share of joint venture investments.
20
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages and Notes Payable
9/30/06
($000's)
- -----------------------------------------------------------------------------------------------------------------------
Current
Estimated
Debt Interest Annual Balloon
Property - Fixed Rate Balance Rate Maturity Debt Service(d) Payment
- -----------------------------------------------------------------------------------------------------------------------
Warren, OH(a)(b) $ 8,629 7.000% Oct-07 $ 6,160 $ --
Bristol, PA 9,423 7.400 Feb-08 831 9,262
Decatur, GA 6,307 6.720 Jun-08 579 6,049
Palm Beach Gardens, FL 10,812 7.010 Jun-08 970 10,418
Canton, OH 3,108 7.150 Aug-08 313 2,936
Spartanburg, SC 2,581 7.150 Aug-08 260 2,438
Florence, SC 8,927 7.500 Feb-09 869 8,443
Canton, OH 834 9.490 Feb-09 388 --
Baton Rouge, LA 1,691 7.375 Mar-09 208 1,478
Livonia, MI 10,649 7.800 Apr-09 992 10,236
Bristol, PA 5,652 7.250 Apr-09 571 5,228
Henderson, NC 4,145 7.390 May-09 417 3,854
Westland, MI 1,751 10.500 Sep-09 683 --
Salt Lake City, UT 7,716 7.610 Oct-09 2,901 --
High Point, NC 8,426 5.750 Oct-09 695 7,741
Richmond, VA 16,004 8.100 Feb-10 1,511 15,257
Hampton, VA 7,093 8.270 Apr-10 677 6,758
Hampton, VA 4,350 8.260 Apr-10 415 4,144
Tampa, FL 8,079 6.930 Aug-10 674 7,603
Tampa, FL 5,842 6.880 Aug-10 485 5,495
Herndon, VA 18,310 8.180 Dec-10 1,723 17,301
Tucson, AZ 2,318 7.500 Jan-11 226 2,076
Valley Forge, PA 12,370 7.120 Feb-11 1,166 10,927
Renswoude, NA(f) 34,353 5.305 Apr-11 2,514 30,994
Glendale, AZ 14,322 7.400 Apr-11 1,258 13,365
Dallas, TX 30,582 5.126 May-11 1,589 30,582
Farmington Hills, MI 20,437 5.126 May-11 1,343 19,020
Wallingford, CT 3,433 4.926 May-11 221 3,187
Auburn Hills, MI 6,798 7.010 Jun-11 637 5,918
Plymouth, MI 4,527 7.960 Jul-11 463 3,949
Newport, OR 6,676 5.030 Aug-11 470 5,980
Greenville, SC 13,245 4.415 Jan-12 841 11,806
New Kingston, PA 6,949 7.790 Jan-12 678 6,101
Mechanicsburg, PA 5,130 7.780 Jan-12 500 4,503
New Kingston, PA 3,314 7.780 Jan-12 323 2,906
Lake Forest, CA 10,517 7.260 Feb-12 901 9,708
Memphis, TN 17,732 5.247 May-12 1,181 16,222
Lakewood, CO 8,646 5.097 May-12 566 7,890
Groveport, OH 7,578 6.030 Oct-12 563 6,860
San Antonio, TX 29,259 6.080 Oct-12 2,260 26,025
Foxboro, MA(b) 16,003 6.000 Jan-13 2,817 --
Fort Mill, SC 11,113 6.000 Jan-13 839 9,904
Waterloo, IA 5,982 5.610 Feb-13 672 3,505
Atlanta, GA 44,997 5.268 May-13 3,004 40,356
Houston, TX 17,564 5.218 May-13 1,166 15,737
Southington, CT 13,703 5.018 May-13 890 12,228
Tempe, AZ 13,573 5.148 May-13 894 12,144
Indianapolis, IN 9,586 5.168 May-13 633 8,580
Fort Meyers, FL 8,912 5.268 May-13 476 8,550
Chelmsford, MA 6,969 5.118 May-13 458 6,231
Lancaster, CA (first) 10,174 7.020 Sep-13 900 8,637
Lancaster, CA (second) 8,583 5.920 Sep-13 642 7,518
Knoxville, TN 5,111 5.950 Sep-13 381 4,496
Phoenix, AZ 19,223 6.270 Sep-13 1,527 16,490
21
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages and Notes Payable
9/30/06
($000's)
- -----------------------------------------------------------------------------------------------------------------------
Current
Estimated
Debt Interest Annual Balloon
Property - Fixed Rate Balance Rate Maturity Debt Service(d) Payment
- -----------------------------------------------------------------------------------------------------------------------
Foxboro, MA(b) 20,452 6.000 Jan-14 3,270 --
Moody, AL 7,395 4.978 Jan-14 493 6,350
Mechanicsburg, PA 13,199 5.730 Mar-14 1,045 10,538
Redmond, OR 9,786 5.616 Apr-14 697 8,484
Clive, IA 5,888 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 2,617 43,547
Jackson, TN 10,119 5.930 Jul-14 743 8,820
Eau Claire, WI 1,804 8.000 Jul-14 313 --
Carrollton, TX 14,190 5.530 Jan-15 993 12,022
Franklin, NC 1,634 8.500 Mar-15 271 --
Kalamazoo, MI 17,534 5.411 May-15 1,189 15,087
Houston, TX 16,884 5.160 May-15 1,114 14,408
Houston, TX 13,183 5.210 May-15 874 11,265
Fishers, IN 13,110 5.160 May-15 865 11,188
San Antonio, TX 13,003 5.340 May-15 875 11,149
Los Angeles, CA 11,437 5.110 May-15 750 9,760
Atlanta, GA 11,325 5.260 May-15 604 10,502
Richmond, VA 10,552 5.310 May-15 708 9,055
Harrisburg, PA 9,129 5.110 May-15 599 7,780
Elizabethtown, KY(g) 16,401 4.990 Jul-15 1,073 13,801
Hopkinsville, KY(g) 9,608 4.990 Jul-15 628 8,085
Dry Ridge, KY(g) 7,769 4.990 Jul-15 508 6,537
Owensboro, KY(g) 6,922 4.990 Jul-15 453 5,825
Elizabethtown, KY(g) 3,114 4.990 Jul-15 204 2,620
Southborough, MA 1,794 7.500 Sep-15 275 --
Houston, TX(b) 64,380 6.250 Sep-15 8,147 18,318
Houston, TX(b) 25,987 6.250 Sep-15 3,101 6,985
Sugar Land, TX(b) 16,869 6.250 Sep-15 2,237 6,286
Houston, TX(b) 7,382 6.250 Sep-15 891 2,222
Temple, TX 8,911 6.090 Jan-16 668 7,446
Danville, IL 6,323 9.000 Jan-16 692 4,578
Bremerton, WA 6,587 6.090 Apr-16 494 5,465
Dubuque, IA 10,781 5.402 Jun-17 733 8,725
Westmont, IL 15,310 6.210 Mar-18 1,292 9,662
Boca Raton, FL 20,400 6.470 Feb-20 1,338 18,383
Houston, TX 9,913 5.640 Dec-20 692 7,018
Wall Township, NJ(b) 29,596 6.250 Jan-21 2,013 --
Dillon, SC 23,478 5.974 Feb-22 1,832 13,269
Chester, SC 13,543 5.380 Aug-25 1,144 362
---------- ----- -------- --------
$ 1,155,000 5.967% $ 103,249 $ 856,040
---------- ----- -------- --------
Corporate
Credit Facility (C) $ -- -- June-08 $ -- $ --
----------- ----- ---------- --------
Total $ 1,155,000 5.967% $ 103,249 $ 856,040
========== ====== ========= ========
22
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
9/30/06
(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.
23
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
9/30/06
(000's)
- ----------------------------------------------------------------------------------------------------------------------------------
Current
LXP Estimated
Debt Proportionate Interest 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 23,614 9,446 7.850 Oct-09 2,196 22,586
Houston, TX 19,968 6,649 7.580 Oct-09 2,032 18,229
Fishers, IN 14,260 4,749 8.190 Apr-10 1,499 12,960
Lorain, OH(1) 2,740 822 6.000 Jul-10 903 --
Manteca, CA(1) 1,936 581 6.000 Jul-10 638 --
Watertown, NY(1) 1,820 546 6.000 Jul-10 600 --
Fairlea, WV(1) 1,279 384 6.000 Jul-10 421 --
San Diego, CA(1) 1,234 370 6.000 Jul-10 406 --
Galesburg, IL(1) 1,086 326 6.000 Jul-10 358 --
Irving, TX 25,811 8,595 8.160 Oct-10 2,432 24,454
Lake Mary, FL 12,843 4,277 7.880 Oct-10 1,181 12,118
Lake Mary, FL 12,791 4,259 7.880 Oct-10 1,178 12,082
Parsippany, NJ 39,707 13,222 7.350 Mar-11 3,472 37,047
Novato, CA 22,002 6,601 5.750 Jul-11 1,600 20,307
Winchester, VA 10,449 3,480 7.330 Aug-11 908 9,675
Milford, OH 15,997 5,327 8.170 Feb-12 1,783 12,686
Des Moines, IA 22,761 6,828 5.147 May-12 1,188 22,153
Fort Worth, TX 19,537 5,861 5.097 May-12 1,280 17,823
Raleigh, NC 12,900 3,870 4.947 May-12 647 12,543
Farmington Hills, MI 20,340 6,779 5.420 Sep-12 1,500 17,724
Laurens, SC 16,677 5,558 6.000 Sep-12 1,396 14,022
Temperance, MI 11,179 3,726 6.000 Sep-12 936 9,400
Baton Rouge, LA 6,716 2,015 4.900 Oct-12 443 5,943
Plymouth, MI 12,084 3,625 6.220 Dec-12 1,026 10,026
Colorado Springs, CO 11,470 3,823 6.250 Dec-12 887 10,272
Centennial, CO 15,353 4,606 6.150 Feb-13 1,177 13,555
Los Angeles, CA 80,182 20,046 5.330 May-13 4,660 73,071
Dallas, TX 40,700 12,210 5.218 May-13 2,702 36,453
Malvern, PA 12,912 3,874 5.530 Jan-14 916 11,236
Arlington, TX 21,291 5,323 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-14 416 6,784
Rancho Cordova, CA(1) 18,285 5,486 6.000 Sept-14 1,457 14,646
Weston, FL 10,597 3,179 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 12,113 3,634 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 7,759 2,506 5.310 May-15 520 6,658
Tulsa, OK 7,645 2,469 5.060 May-15 499 6,517
Jacksonville, FL 5,779 1,867 5.110 May-15 379 4,927
McDonough, GA 12,675 3,169 5.212 Jun-15 670 11,349
Mission, TX 6,366 1,910 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 8,946 2,890 5.610 Apr-16 621 7,560
Tempe, AZ 8,449 2,729 5.610 Apr-16 586 7,140
Dallas, TX 18,363 5,509 6.100 Jul-16 1,136 18,363
Plymouth, IN 6,669 2,154 6.315 Sept-16 497 5,723
Wilmington, NC 13,000 3,250 5.190 Mar-17 684 11,580
Weston, FL 7,321 2,196 5.520 Nov-17 512 5,758
Lorain, OH(1) 1,460 438 6.000 Jul-18 108 --
Manteca, CA(1) 1,031 309 6.000 Jul-18 77 --
Watertown, NY(1) 970 291 6.000 Jul-18 72 --
Fairlea, WV(1) 681 204 6.000 Jul-18 51 --
San Diego, CA(1) 657 197 6.000 Jul-18 49 --
Galesburg, IL(1) 579 174 6.000 Jul-18 43 --
Erwin, NY 9,500 2,850 5.910 Oct-18 728 6,624
Overland Park, KS 37,620 9,405 5.830 May-19 2,224 31,819
24
Lexington Corporate Properties Trust
Supplemental Reporting Package
Mortgages Payable
9/30/06
(000's)
- ----------------------------------------------------------------------------------------------------------------------------------
Current
LXP Estimated
Debt Proportionate Interest 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 10,279 3,084 6.750 Jul-19 1,204 --
Meridian, ID 10,192 2,548 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 10,258 2,565 6.270 Dec-19 774 7,755
Oakland, ME 10,378 2,595 5.930 Oct-20 750 7,660
Livonia, GA 9,945 3,212 5.460 Dec-20 741 5,895
Durham, NH 19,182 6,393 6.730 Mar-21 1,309 --
Antioch, TN 13,967 4,190 7.940 Oct-21 1,580 774
-------- --------- ---------- --------- ---------
$ 1,064,379 $ 317,865 5.941% $ 76,571 $ 898,653
========= ========= =========== ========= =========
1. Debt balances based upon imputed rates.
25
Lexington Corporate Properties Trust
Supplemental Reporting Package
Debt Maturity Schedule
9/30/06
($000's)
Consolidated properties
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments Average Interest Rate
------------ -------- ---------------------
2006 - remaining $ 6,252 $ -- --%
2007 35,025 -- --
2008 30,116 31,103 7.09
2009 31,973 36,980 7.16
2010 30,827 56,558 7.88
------- -------- -----------
$134,193 $ 124,641 7.47%
======= ======== ===========
Joint venture properties - LXP proportionate share
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments Average Interest Rate
------------ -------- ---------------------
2006 - remaining $ 714 $ -- --
2007 4,153 -- --
2008 4,572 -- --
2009 5,254 23,570 6.67%
2010 5,193 20,538 8.06
--------- --------- -----------
$ 19,886 $ 44,108 7.31%
========= ========= ===========
26
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue By Tenant Industry
9/30/06
- --------------------------------------------------------------------------------
Percentage of Historical
Tenant Industry Base Rent (1)
- --------------------------------------------------------------------------------
Energy 13.4%
Finance/Insurance 12.7
Technology 10.9
Automotive 9.3
Healthcare 5.6
Telecommunications 5.6
Transportation/Logistics 5.4
Retail-Department/ Discount Store 5.1
Consumer Products 4.8
Media/Advertising 4.2
Food 3.7
Construction Materials 3.7
Printing/Production 3.6
Retail-Specialty 2.8
Aerospace/Defense 2.2
Service 2.2
Retail-Electronics 1.6
Apparel 1.1
Security 0.9
Health/Fitness 0.4
Real Estate 0.4
Paper/Containers & Packaging 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
nine months ended September 30, 2006.
27
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue by MSA
9/30/06
Percent of
Base Rent for the 9
Months Ended
9/30/06
- --------------------------------------------------------------------------------
1 Houston-TX 9.9%
2 Dallas-Fort Worth-TX 6.2%
3 Philadelphia-Wilmington-PA 4.8%
4 Los Angeles-Riverside-Orange County-CA 4.3%
5 Atlanta-GA 3.9%
6 Detroit-MI 3.9%
7 Youngstown-Warren-OH 3.7%
8 Phoenix-Mesa-AZ 3.4%
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 1.6%
20 Washington-Baltimore-DC-MD 1.4%
21 Elizabethtown, KY 1.4%
22 Columbia-SC 1.3%
23 Dillon-SC 1.3%
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 Renswoude, Netherland 0.9%
33 Norfolk-Virginia Beach-Newport News-VA 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 0.7%
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 Dubuque-IA 0.5%
47 Canton-OH 0.5%
28
Lexington Corporate Properties Trust
Supplemental Reporting Package
Revenue by MSA
9/30/06
Percent of
Base Rent for the 9
Months Ended
9/30/06
- --------------------------------------------------------------------------------
48 Greensboro-Winston-Salem-NC 0.4%
49 Laurens-SC 0.4%
50 Birmingham-AL 0.4%
51 Fort Meyers-FL 0.4%
52 Klamath Falls-OR 0.4%
53 Waterloo-Cedar Falls-IA 0.4%
54 Newport-OR 0.4%
55 Jacksonville-FL 0.4%
56 Owensboro-KY 0.4%
57 Honolulu-HI 0.4%
58 Danville-IL 0.4%
59 Sacramento-CA 0.3%
60 Miami-Fort Lauderdale-FL 0.3%
61 Henderson-NC 0.3%
62 Ocala-FL 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 Eau Claire-WI 0.2%
72 Tucson-AZ 0.2%
73 Nashville-TN 0.2%
74 Wilmington-NC 0.2%
75 Pittsburgh-PA 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 Oakland-ME 0.1%
81 Gordonsville, TN 0.1%
82 Clackamas-OR 0.1%
83 Boise City, ID 0.1%
84 McAllen-Edinburg-Mission-TX 0.1%
85 San Diego-CA 0.1%
86 Erwin, NY 0.1%
87 Watertown-NY 0.1%
88 Crossville, TN 0.1%
89 Lewisburg-WV -
90 Plymouth, IN -
91 Galesburg-IL -
- --------------------------------------------------------------------------------
Totals 100.00%
- --------------------------------------------------------------------------------
29
Lexington Corporate Properties Trust
Supplemental Reporting Package
Other Revenue Data
9/30/06
Revenue by Property Type Percentage
- ----------------------------------------------------------
Office 66.3%
Industrial 29.8
Retail 3.9
------
100.0%
======
Revenue by Credit Rating(B)
Investment Grade 39.3%
Non-Investment Grade 25.8
Unrated 34.9
----
100.0%
======
Percentage of
Base Rent for the
Number of 9 Months Ended
Top 15 Tenants/Guarantors Properties(B) Property Type 9/30/06(A)
- ------------------------------------------------------------------------------------------------------------------------------
Baker Hughes, Inc. 4 Office (3)/Industrial (1) 5.4%
Dana Corporation 9 Industrial 4.9
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 37.9%
== ====
(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, 2006.
30