Exhibit 99.2
LEXINGTON REALTY TRUST
SUPPLEMENTAL REPORTING PACKAGE
For the twelve months ended December 31, 2006
Table of Contents
Statements of Operations....................................... 1
Balance Sheets................................................. 2
Combined Joint Venture Income Statement........................ 4
Fourth Quarter Transaction Summary............................. 5
Third Quarter Transaction Summary.............................. 6
Second Quarter Transaction Summary............................. 7
First Quarter Transaction Summary ............................. 8
Property Holdings.............................................. 9
Newkirk Portfolio.............................................. 21
Properties by Location......................................... 31
Lease Rollover Schedules....................................... 32
Mortgages and Notes Payable.................................... 35
Revenue by Tenant Industry..................................... 41
Revenue by MSA................................................. 42
Other Revenue Data............................................. 44
LEXINGTON REALTY TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in thousands, except per share data)
Three Months Ended Twelve Months Ended
December 31, December 31,
2006 2005 2006 2005
---- ---- ---- ----
Gross revenues:
Rental $ 49,311 $ 45,795 $ 185,312 $ 167,253
Advisory fees 1,027 1,180 4,555 5,365
Tenant reimbursements 4,902 3,687 17,524 10,840
---------- ---------- ----------- -----------
Total gross revenues 55,240 50,662 207,391 183,458
Expense applicable to revenues:
Depreciation and amortization (21,606) (19,263) (80,688) (66,041)
Property operating (9,050) (6,986) (32,167) (21,913)
General and administrative (19,674) (4,438) (35,530) (17,587)
Non-operating income 1,244 326 8,913 1,514
Interest and amortization expense (19,050) (17,722) (71,402) (62,617)
Debt satisfaction (charges) gains, net 7,443 (223) 7,228 4,409
Impairment charges (6,100) -- (7,221) --
------------ ----------- ------------ ----------
Income (loss) before benefit for income taxes, minority
interests, equity in earnings of non-consolidated entities
and discontinued operations (11,553) 2,356 (3,476) 21,223
Benefit for income taxes 261 105 238 150
Minority interests (381) (500) (1,611) (2,655)
Equity in earnings of non-consolidated entities 1,111 1,132 4,186 6,220
---------- ---------- ---------- ----------
Income (loss) from continuing operations (10,562) 3,093 (663) 24,938
----------- ---------- ----------- ----------
Discontinued operations, net of minority interest and taxes:
Income from discontinued operations 1,571 1,408 4,853 8,206
Debt satisfaction (charge) gain, net (1,287) (671) 3,626 (725)
Impairment charges -- (10,502) (21,612) (11,302)
Gains on sales of properties 4,029 4,922 21,549 11,578
---------- ---------- ---------- ----------
Total discontinued operations 4,313 (4,843) 8,416 7,757
---------- ----------- ---------- ----------
Net income (loss) (6,249) (1,750) 7,753 32,695
Dividends attributable to preferred shares - Series B (1,590) (1,590) (6,360) (6,360)
Dividends attributable to preferred shares - Series C (2,519) (2,519) (10,075) (10,075)
----------- ----------- ----------- -----------
Net income (loss) allocable to common shareholders $ (10,358) $ (5,859) $ (8,682) $ 16,260
=========== =========== =========== ==========
Company's funds from operations(1) $ 15,060 $ 16,796 $ 81,557 $ 104,150
========== ========== ========== ==========
Per share/unit:
Basic net income (loss) $ (0.20) $ (0.11) $ (0.17) $ 0.33
Diluted net income (loss) $ (0.20) $ (0.11) $ (0.17) $ 0.33
Company's funds from operations(1)-basic $ 0.24 $ 0.27 $ 1.28 $ 1.71
Company's funds from operations(1)-diluted $ 0.24 $ 0.27 $ 1.28 $ 1.70
1
LEXINGTON REALTY TRUST
AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
12/31/06 12/31/05
-------- --------
Real estate, at cost $ 3,747,156 $ 1,883,115
Accumulated depreciation (276,129) (241,188)
Investment in joint ventures 247,045 191,146
Properties held for sale - discontinued operations 69,612 49,397
Intangible assets, net 468,244 128,775
Cash and cash equivalents 97,547 53,515
Deferred expenses, net 16,084 13,582
Rent receivable 53,744 7,673
Rent receivable - deferred 29,410 24,778
Notes receivable 50,534 11,050
Marketable securities 32,036 --
Other assets 89,574 38,389
--------- -----------
$ 4,624,857 $ 2,160,232
========= ===========
Mortgages and notes payable $ 2,123,174 $ 1,139,971
Contract rights payable 12,231 --
Liabilities - discontinued operations 6,064 32,145
Dividends payable 44,948 --
Deferred revenue 362,815 6,271
Prepaid rent 10,109 10,054
Other liabilities 40,331 19,109
Minority interests 902,741 61,372
Shareholders' equity 1,122,444 891,310
--------- -----------
$ 4,624,857 $ 2,160,232
========= ===========
Common shares 69,052 52,156
Preferred shares - Series B 3,160 3,160
Preferred shares - Series C 3,100 3,100
Operating partnership units 41,191 5,720
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
2
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.
3
LEXINGTON REALTY TRUST
JOINT VENTURE PROPORTIONATE SHARE
COMBINED CONDENSED STATEMENT OF INCOME
(dollars in thousands)
Three Months Ended Twelve Months Ended
December 31, 2006 December 31, 2006
Gross revenues $ 12,930 $ 50,673
---------- ----------
Depreciation and amortization 5,244 21,497
Interest and amortization 4,610 18,510
Other income and expenses, net 2,096 7,460
---------- ----------
Expenses 11,950 47,467
---------- ----------
Net income $ 980 $ 3,206
========== ==========
Lexington Realty Trust
2006 Fourth 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
- ------------------ -------- ---- ----- --------- ----- --------- ----- ----
Hnedak Bobo Group Inc. (1) Memphis, TN Office $ 5,353 $ 501 9.4 % 484 9.0 % 10-16
Northrop Grumman Systems
Corporation(1) Pascagoula, MS Office 6,442 679 10.5 679 10.5 10-08
Hagemeyer North American, Inc. Charleston, SC Office 10,560 840 8.0 763 7.2 07-20
CAE SimuFlite, Inc. (1) Whippany, NJ Office 24,457 2,327 9.5 2,231 9.1 11-21
BMW Financial Services NA, LLC Hilliard, OH Office 36,239 2,591 7.1 2,541 7.0 02-21
Multi - tenant (48 tenants) Honolulu, HI Office 35,063 2,178 6.2 2,178 6.2 Various
------ ----- --- ----- ---
$ 118,114 $ 9,116 7.7 % $ 8,876 7.5 %
======= ===== === ===== ==
Dispositions
Property
Tenants/Guarantors Location Type Net Sale Price Net Book Value
- ------------------ -------- ---- -------------- --------------
Kirkland's, Inc. Jackson, TN Industrial $ 18,073 $ 14,044
====== ======
New Leases/Lease Extensions
Property Previous Extended Rent Per Square
Tenants/Guarantors Location Type Term Term Annum Feet
- ------------------ -------- ---- ---- ---- ----- ----
Johnson Controls, Inc. Oberlin, OH Industrial 12-06 12-07 $ 748 111,160
Allied International Credit Richmond, VA Office -- 06-12 446 24,375
Honeywell International, Inc. Glendale, AZ Office 07-06 07-11 2,452 252,300
Johnson Controls, Inc. Plymouth, MI Industrial 12-06 08-07 1,033 134,160
Owens Corning, Inc. Hebron, OH Industrial 10-06 07-07 658 250,410
Fred Meyer Stores, Inc. Klamath Falls, OH Retail 03-08 03-18 1,153 178,204
Joseph Campbell Company Marshall, MI Industrial 08-07 08-08 144 53,600
New Financings
Tenants/Guarantors Location Amount Rate Maturity Date
- ------------------ -------- ------ ---- -------------
Parkway Chevrolet, Inc. (1) Tomball, TX $ 9,425 6.06% 11-16
CAE SimuFlite, Inc. (1) Whippany, NJ 16,900 6.30% 11-21
BMW Financial Services NA, LLC Hilliard, OH 28,960 5.91% 02-21
Hnedak Bobo Group, Inc. (1) Memphis, TN 3,951 5.71% 01-17
----- ----
$59,236 6.03%
====== ====
(1) The Company currently has a 76% interest in this property.
5
Lexington Realty 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 Co.) Dallas, TX Office -- 01-19 1,499 108,565
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 had a 32.3% interest in this property.
6
Lexington Realty 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 Voorhees, NJ Retail 5,950 3,238
Philadelphia, 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 had 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.
7
Lexington Realty 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 Netherlands 33,136 5.31 Apr-11
-------- ----
$ 74,386 5.59%
======== =====
(1) Lexington has a 90% interest in this property.
(2) Lexington has a 32.3% interest in this property.
8
Lexington Realty Trust
Supplemental Reporting Package
Property Holdings
12/31/06
------------------------------ ---------------------------- ------------- -------------- --------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ ---------------------------- ------------- -------------- --------------
Office
295 Chipeta Way Northwest Pipeline Corp. $ 6,321 $ 6,321 295,000
Salt Lake City, UT
10001 Richmond Avenue Baker Hughes, Inc. 6,025 7,371 554,385
Houston, TX
6303 Barfield Road & 859 Internet Security Systems, 6,303 6,077 289,000
Mount Vernon Hwy. Inc.
Atlanta, GA
1701 Market Street Morgan Lewis & Bockius 4,847 4,856 321,815
Philadelphia, PA LLP(1) (3)
3480 Stateview Blvd. Wells Fargo Bank N.A. 3,229 3,449 169,218
Fort Mill, SC
33 Commercial Street Invensys Systems, Inc. 3,306 3,306 164,689
Foxboro, MA (Siebe, Inc.)
3476 Stateview Boulevard Wells Fargo Home 2,884 3,021 169,083
Fort Mill, SC Mortgage, Inc.
9950 Mayland Drive Circuit City Stores, Inc. 2,860 2,791 288,562
Richmond, VA
1415 Wyckoff Road New Jersey Natural Gas Co. 2,923 2,923 157,511
Wall Township, NJ
2750 Monroe Boulevard Quest Diagnostics, Inc. 2,521 2,554 109,281
Valley Forge, PA
700 Oakmont Lane North American Van Lines, 2,438 2,571 269,715
Westmont, IL Inc.
(SIRVA, Inc.)
70 Mechanic Street Invensys Systems, Inc. 2,930 2,562 251,914
Foxboro, MA (Siebe, Inc.)
13651 McLearen Road Boeing North American 2,766 2,471 159,664
Herndon, VA Services, Inc.
(The Boeing Company)
1311 Broadfield Blvd. Transocean, Inc. 2,284 2,277 103,260
Houston, TX Newpark Resources, Inc. 1,130 1,137 52,731
601 & 701 Experian Pkwy. TRW Inc. (Experian 3,663 3,374 292,700
Dallas, TX Information Solutions,
Inc.)
2211 South 47th Street Avnet, Inc. 2,205 2,259 176,402
Phoenix, AZ
5600 Broken Sound Blvd Oce Printing Systems USA, 2,012 2,245 143,290
Boca Raton, FL Inc.
4200 RCA Boulevard The Wackenhut Corp. 2,181 2,167 114,518
Palm Beach Gardens, FL
701 Brookfield Parkway Verizon Wireless 2,011 2,067 192,884
Greenville, SC
19019 No. 59th Avenue Honeywell, Inc. 2,009 2,197 252,300
Glendale, AZ
9
Lexington Realty Trust
Supplemental Reporting Package
Property Holdings
12/31/06
-------------------------------- ---------------------------- -------------- ------------- ---------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
-------------------------------- ---------------------------- -------------- ------------- ---------------
4201 Marsh Lane Carlson Restaurants 1,868 1,975 130,000
Carrollton, TX Worldwide,
Inc.
12645 W. Airport Road Baker Hughes, Inc. 1,709 1,940 165,836
Sugar Land, TX
26210 and 26220 Enterprise Apria Healthcare Group, 1,752 1,792 100,012
Court Inc.
Lake Forest, CA
10475 Crosspoint Blvd. John Wiley & Sons, Inc. 2,397 2,397 141,047
Indianapolis, IN
2210 Enterprise Drive Washington Mutual Home 1,750 1,699 177,747
Florence, SC Loans, Inc.
27404 Drake Road Vacant (4) 971 908 111,454
Farmington Hills, MI
200 Executive Blvd. S Hartford Fire Insurance 1,679 1,625 153,364
Southington, CT Co.
810 & 820 Gears Road IKON Office Solutions, 2,229 2,251 157,790
Houston, TX Inc.
1600 Eberhardt Road Nextel of Texas 1,511 1,559 108,800
Temple, TX
2999 SW 6th St. Voice Stream PCS I LLC 1,335 1,552 77,484
Redmond, OR (T-Mobile USA, Inc.)
160 Clairemont Avenue Allied Holdings, Inc. 1,677 1,530 112,248
Decatur, GA
27016 Media Center Drive Playboy Enterprises, Inc. 1,339 1,257 63,049
Los Angeles, CA Sony Electronics, Inc. 265 271 20,203
2800 Waterford Lake Dr. Alstom Power, Inc. 1,808 2,015 99,057
Richmond, VA
26555 Northwestern Highway Federal-Mogul Corporation 1,158 1,418 187,163
Southfield, MI
4848 129th East Ave. Metris Companies, Inc. (7) 570 570 101,100
Tulsa, OK
10419 North 30th Street Time Customer Service, Inc. 1,490 1,410 132,981
Tampa, FL (Time, Inc.)
250 Rittenhouse Circle Jones Apparel Group 1,265 1,385 255,019
Bristol, PA USA, Inc.
(Jones Apparel Group, Inc.)
8555 South River Pkwy. ASM Lithography Holding 2,130 1,841 95,133
Tempe, AZ NV
400 Butler Farm Road Nextel Communications of 1,315 1,302 100,632
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
16676 Northchase Dr. Kerr-McGee Corporation 1,559 1,627 101,111
Houston, TX
10
Lexington Realty Trust
Supplemental Reporting Package
Property Holdings
12/31/06
------------------------------ ----------------------------- ---------------- ------------- ----------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ ----------------------------- ---------------- ------------- ----------------
5757 Decatur Blvd. Allstate Insurance Co. 1,246 1,548 84,200
Indianapolis, IN Damar Services, Inc. 66 66 5,756
6200 Northwest Pkwy. PacifiCare Health Systems, 1,640 1,621 142,500
San Antonio, TX Inc.
4000 Johns Creek Pkwy. Kraft Foods N.A., Inc. 1,340 1,385 73,264
Atlanta, GA PerkinElmer Instruments 211 232 13,955
LLC
6455 State Hwy 303 NE Nextel West Corporation 1,042 1,113 60,200
Bremerton, WA
270 Billerica Road Cadence Design Systems 1,015 1,065 100,000
Chelmsford, MA
2550 Interstate Dr. AT&T Wireless Services, 1,433 1,449 81,859
Harrisburg, PA Inc.
180 Rittenhouse Circle Jones Apparel Group 957 970 96,000
Bristol, PA USA, Inc. (Jones Apparel
Group, Inc.)
2529 West Thorns Drive Baker Hughes, Inc. 686 846 65,500
Houston, TX
12000 Tech Center Drive Kelsey-Hayes Company 787 823 80,230
Livonia, MI
2401 Cherahala Boulevard Advance PCS, Inc. 786 822 59,748
Knoxville, TN
1275 NW 128th Street Principal Life Insurance 799 787 61,180
Clive, IA Company
13430 N. Black Canyon Freeway Bull HN Information
Phoenix, AZ Systems, Inc. 784 836 69,492
Associated Billing 125 281 17,767
Services, LLC
VACANT -- -- 49,799
12600 Gateway Blvd. Gartner, Inc. 1,059 1,120 62,400
Fort Meyers, FL
421 Butler Farm Road Nextel Communications of 738 719 56,515
Hampton, VA the Mid-Atlantic, Inc.
(Nextel Finance Company)
3940 South Teller St. Travelers Express, Inc. 1,091 866 68,165
Lakewood, CO
100 Barnes Road Minnesota Mining and 581 606 44,400
Wallingford, CT Manufacturing Company
1440 East 15th Street Cox Communications, Inc. 465 457 28,591
Tucson, AZ
250 Turnpike Road Honeywell Consumer 459 459 57,698
Southborough, MA Products
11555 University Blvd. Kelsey-Seybold Clinic 1,114 1,230 72,683
Sugarland, TX (St. Luke's Episcopal Health
System)
11
Lexington Realty Trust
Supplemental Reporting Package
Property Holdings
12/31/06
------------------------------ --------------------------- ---------------- ------------- ----------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ --------------------------- ---------------- ------------- ----------------
Nijborg 15 & 17, 3927 DA AS Watson (Health & Beauty 2,747 2,182 122,450
Renswoude, The Netherlands Continental Europe)(2)
2300 Litton Lane AGC Automotive Americas 204 212 21,542
Hebron, KY Co
FTJ FundChoice, LLC -- 21 9,164
VACANT -- -- 49,714
1600 Viceroy Drive The Visiting Nurse 234 465 48,027
Dallas, TX Association of Texas
TFC Services -- 362 108,565
(Freeman Decorating Co.)
VACANT -- -- 92,860
104 and 110 South Front St. Hnedak Bobo Group, Inc. 81 84 37,229
Memphis, TN (7)
3943 Denny Avenue Northrop Grumman Systems 125 125 94,841
Pascagoula, MS Corp. (7)
1460 Tobias Gadsen Boulevard Hagemeyer North 125 138 50,076
Charleston, SC American, Inc.
29 South Jefferson Road CAE SimuFlite, Inc. (7) 285 297 76,363
Whippany, NJ
26410 McDonald Road Montgomery County 222 249 41,000
Houston, TX Management LLC (7)
2005 East Technology Circle (i) Structure, LLC 491 491 60,000
Tempe, AZ (Infocrossing, Inc.) (7)
11707 Miracle Hills Drive (i) Structure, LLC, 509 509 86,800
Omaha, NE (Infocrossing , Inc.) (7)
2310 Village Square Pkwy. AmeriCredit Corporation 638 532 85,000
Jacksonville, FL (7)
1409 Centerpoint Blvd. Alstom Power, Inc. (7) 637 713 84,404
Knoxville, TN
King Street Multi -tenant (6) 33 33 211,831
Honolulu, HI
5550 Britton Parkway BMW Financial 82 84 220,966
Hilliard, OH Services NA, LLC
--------------------------- ---------------- ------------- ----------------
Office Subtotal $ 123,462 $ 126,118 10,071,886
--------------------------- ---------------- ------------- ----------------
Industrial
----------
541 Perkins Jones Road Kmart Corp. $ 9,360 $ 8,932 1,462,642
Warren, OH
19500 Bulverde Road Harcourt Brace & Company 3,229 3,429 559,258
San Antonio, TX (Reed Elsevier, Inc.)
2425 Highway 77 North James Hardie Building 3,400 3,400 425,816
Waxahachie, TX Products, Inc. (James
Hardie Industries NV)
3501 West Avenue H Michaels Stores, Inc. 3,237 3,304 762,775
Lancaster, CA
12
Lexington Realty Trust
Supplemental Reporting Package
Property Holdings
12/31/06
------------------------------ --------------------------- ---------------- ------------- ----------------
YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ --------------------------- ---------------- ------------- ----------------
9110 Grogans Mill Road Baker Hughes, Inc. 2,485 3,061 275,750
Houston, TX
159 Farley Drive Harbor Freight Tools 2,775 3,041 1,010,859
Dillon, SC USA, Inc.
(Central Purchasing, Inc.)
590 Ecology Lane Owens Corning 2,185 2,185 420,597
Chester, SC
6345 Brackbill Boulevard Exel Logistics, Inc. 2,037 1,852 507,000
Mechanicsburg, PA (NFC plc)
3820 Micro Drive Ingram Micro, Inc. 2,149 2,309 701,819
Millington, TN
750 N. Black Branch Road Dana Corporation 2,838 2,838 539,592
Elizabethtown, KY
6938 Elm Valley Dr. Dana Corporation 1,843 1,843 150,945
Kalamazoo, MI
4425 Purks Road Vacant(5) 786 764 183,717
Auburn Hills, MI
6 Doughten Road Exel Logistics, Inc. 1,469 1,361 330,000
New Kingston, PA (NFC plc)
6500 Adelaide Court Anda Pharmaceuticals, Inc. 1,224 1,174 354,676
Groveport, OH (Andrx Corporation)
7500 Chavenelle Road The McGraw-Hill 1,089 1,164 330,988
Dubuque, IA Companies, Inc.
12025 Tech Center Drive Kelsey-Hayes Company 1,082 1,139 100,000
Livonia, MI
250 Swathmore Avenue Steelcase, Inc. 1,037 1,087 244,851
High Point, NC
Moody Commuter & Tech Park TNT Logistics North 1,054 1,054 595,346
Moody, AL America, Inc. (TPG N.V.)
3102 Queen Palm Drive Time Customer Service, 1,037 1,010 229,605
Tampa, FL Inc. (Time, Inc.)
2280 Northeast Drive Ryder Integrated 998 1,004 276,480
Waterloo, IA Logistics, Inc.
(Ryder Systems, Inc.)
245 Salem Church Road Exel Logistics, Inc. 986 920 252,000
Mechanicsburg, PA (NFC plc)
359 Gateway Drive TI Group Automotive 523 523 133,221
Systems,
Livonia, GA LLC (7)
900 Industrial Boulevard Dana Corporation (7) 241 241 222,200
Crossville, TN
2935 Van Vactor Way Bay Valley Foods, LLC (7) 211 222 300,500
Plymouth, IN
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
------------------------------ ------------------------ ----------------- ------------- ---------------
200 Arrowhead Drive Owens Corning 1,027 985 400,522
Hebron, OH
3600 Southgate Drive Sygma Network, Inc. 933 933 149,500
Danville, IL
46600 Port Street Johnson Controls, Inc. 966 966 134,160
Plymouth, MI
301 Bill Breyer Road Dana Corporation 1,530 1,530 424,904
Hopkinsville, KY
450 Stern Street Johnson Controls, Inc. 730 730 111,160
Oberlin, OH
1133 Poplar Creek Road Corporate Express 789 810 196,946
Henderson, NC Office
Products, Inc.
(Buhrmann, N.V.)
10000 Business Boulevard Dana Corporation 1,346 1,346 336,350
Dry Ridge, KY
7670 Hacks Cross Road Dana Corporation 900 859 268,100
Olive Branch, MS
34 East Main Street Exel Logistics, Inc. 720 659 179,200
New Kingston, PA (NFC plc)
191 Arrowhead Drive Owens Corning 658 642 250,410
Hebron, OH
904 Industrial Road Tenneco Automotive 595 600 195,640
Marshall, MI Operating Company, Inc.
(Tenneco Automotive,
Inc.)
109 Stevens Street Unisource Worldwide, 591 588 168,800
Jacksonville, FL Inc.
1901 49th Avenue Owens Corning 560 560 18,620
Minneapolis, MN
7150 Exchequer Drive Corporate Express 438 439 79,086
Baton Rouge, LA Office
Products, Inc.
(Buhrmann, N.V.)
4010 Airpark Drive Dana Corporation 1,032 1,032 251,041
Owensboro, KY
14
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YTD YTD
Base Cash Base GAAP
Revenue Revenue Square
Property Location Tenant (Guarantor) ($000) ($000) Footage
--------------------------- ---------------------------- ---------------- --------------- --------------
324 Industrial Park Road SKF USA, Inc. 395 395 72,868
Franklin, NC
187 Spicer Drive Dana Corporation 355 341 148,000
Gordonsville, TN
730 N. Black Branch Road Dana Corporation 537 537 167,770
Elizabethtown, KY
3350 Miac Cove Road Mimeo.com, Inc. 283 370 107,400
Memphis, TN VACANT -- -- 33,959
300 McCormick Road Ameritech Services, Inc. 127 155 20,000
Columbus, OH
1601 Pratt Avenue Joseph Campbell Company 141 141 58,300
Marshall, MI
477 Distribution Pkwy. Federal Express Corporation 280 336 120,000
Collierville, TN
---------------------------- ---------------- --------------- --------------
Industrial Subtotal $ 62,208 $ 62,811 14,263,373
---------------------------- ---------------- --------------- --------------
Retail/Other
2655 Shasta Way Fred Meyer, Inc. $ 1,009 $ 1,047 178,204
Klamath Falls, OR
Fort Street Mall, King Liberty House, Inc. 990 971 85,610
Street
Honolulu, HI
150 N.E. 20th Street Fred Meyer, Inc. 826 826 118,179
Newport, OR
35400 Cowan Road Sam's Real Estate 753 753 102,826
Westland, MI Business Trust
4733 Hills & Dales Road Scandinavian Health Spa, 745 685 37,214
Canton, OH Inc.
(Bally Total Fitness Corp.)
4831 Whipple Avenue, N.W. Best Buy Co., Inc. 465 465 46,350
Canton, OH
11411 N. Kelly Avenue American Golf Corporation (7) 149 149 13,924
Oklahoma City, OK
25500 State Hwy 249 Parkway Chevrolet, Inc. (7) 278 337 77,076
Tomball, TX 77375
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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. 469 463 76,164
Eau Claire, WI
399 Peach Wood Centre Dr. Best Buy Co., Inc. 395 395 45,800
Spartanburg, SC
12535 S.E. 82nd Avenue Toys "R" Us, Inc. 358 333 42,842
Clackamas, OR
24100 Laguna Hills Mall Federated Department 323 349 160,000
Laguna Hills, CA Stores, Inc.
18601 Alderwood Mall Toys "R" Us, Inc. 330 298 43,105
Boulevard
Lynwood, WA
6910 S. Memorial Highway Toys "R" Us, Inc. 302 273 43,123
Tulsa, OK
9580 Livingston Road GFS Realty, Inc. 205 274 107,337
Oxon Hill, MD (Giant Food, Inc.)
121 South Center Street Greyhound Lines, Inc. 216 216 17,000
Stockton, CA
2401 Wooton Parkway GFS Realty, Inc. 115 152 51,682
Rockville, MD (Giant Food, Inc.)
---------------------------- --------------- ---------------- --------------
Retail/ Other Subtotal $ 7,928 $ 7,986 1,246,436
---------------------------- --------------- ---------------- --------------
---------------------------- --------------- ---------------- --------------
Grand Total $ 193,598 $ 196,915 25,581,695
---------------------------- --------------- ---------------- --------------
(1) Company has an 80.5% economic interest in this property.
(2) Company has a 90.0% economic interest in this property.
(3) Includes 12,766 square feet of retail space leased to 3 tenants.
(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) Includes approximately 50 tenants, 98.5% leased.
(7) Amounts include GAAP revenue since date of property being consolidated
(11/1/06) plus proportionate share of GAAP revenue for 1/1/06 through
10/31/06.
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--------------------------- ---------------------------- ----------------- -------------- -------------- ------------
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, $ 9,226 $ 8,700 340,240 33.33%
Morris Corporate Center IV Inc
Parsippany, NJ (Pharma Holdings GmbH)
17 Technology Circle Blue Cross Blue Shield 7,377 6,930 456,304 40.00%
Columbia, SC of South Carolina Inc.
275 South Valencia Ave. Bank of America NT & SA 7,574 9,106 637,503 25.00%
Los Angeles, CA
100 Wood Hollow Drive Greenpoint Mortgage 4,635 4,864 124,600 30.00%
Novato, CA Funding, Inc.
6555 Sierra Drive True North Communications 4,462 4,250 247,254 33.33%
Irving, TX Inc.
101 East Erie Building Foote, Cone & Belding 3,940 3,940 203,376 30.00%
Chicago, IL (Interpublic Group of
Companies, Inc.)
Higgins Development 118 120 19,089
Partners
Lexington Realty Trust 37 37 2,100
5200 Metcalf Avenue GE Insurance Solutions 4,079 4,079 320,198 25.00%
Overland Park, KS (Employers Reinsurance
Corporation)
27027 Tourney Road Specialty Laboratories, 3,563 3,563 187,262 30.00%
Santa Clarita, CA Inc.
8900 Freeport Pkwy. Nissan Motor Acceptance 4,505 4,810 268,445 30.00%
Irving, TX Corporation/ (Nissan North
America, Inc.)
15375 Memorial Drive Vastar Resources, Inc. 3,485 3,437 327,325 33.33%
Houston, TX
10300 Kincaid Drive Bank One Indiana, N.A. 3,381 3,287 193,000 33.33%
Fishers, IN
10300 Town Park Drive Veritas DGC, Inc. 3,114 3,249 218,641 30.00%
Houston, TX
600 Business Center Drive First USA Management 2,990 2,921 125,155 33.33%
Lake Mary, FL Services, Inc.
550 Business Center Drive First USA Management 2,891 2,820 125,920 33.33%
Lake Mary, FL Services, Inc.
10940 White Rock Road Progressive Casualty 2,740 2,804 158,582 30.00%
Rancho Cordova, CA Insurance
10929 Disk Drive Company
2000 Eastman Drive Structural Dynamic 2,830 2,790 212,836 33.33%
Milford, OH Research Corp.
3701 Corporate Drive Motorola, Inc. 2,714 2,714 119,829 33.33%
Farmington Hills, MI
2050 Roanoke Road Chrysler Financial Company 3,189 3,540 130,290 30.00%
Westlake, TX LLC
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YTD YTD
Base Cash Base GAAP Square
Revenue Revenue LXP
Property Location Tenant (Guarantor) ($000) ($000) Footage Ownership
---------------------------- --------------------------- ----------------- -------------- -------------- ---------------
1401 & 1501 Nolan Ryan Siemens Dematic Postal 2,385 2,533 236,547 25.00%
Parkway Automation, L.P.
Arlington, TX
9201 East Dry Creek Road The Shaw Group, Inc. 2,082 2,507 128,500 30.00%
Centennial, CO
110, 120 & 130 E. Shore Capital One Services, Inc. 2,842 2,889 225,220 30.00%
Dr. Glen Allen, VA
1475 Dunwoody Drive ING USA Annuity and Life 2,063 2,038 125,000 30.00%
West Chester, PA Insurance Company
13775 McLearen Road Equant N.V. 1,868 2,030 125,293 30.00%
Herndon, VA
70 Valley Stream Parkway IKON Office Solutions, Inc. 1,938 1,995 106,855 30.00%
Malvern, PA
5150 220th Avenue Spacelabs Medical, Inc 1,925 1,949 106,944 25.00%
Issaquah, WA (OSI Systems, Inc.)
9201 Stateline GE Insurance Solutions 1,930 1,930 166,641 25.00%
Kansas City, MO (Employers Reinsurance
Corporation)
22011 SE 51st Street Spacelabs Medical, Inc 1,763 1,667 95,600 25.00%
Issaquah, WA (OSI Systems, Inc.)
1110 Bayfield Drive Honeywell International, 1,635 1,637 166,575 33.33%
Colorado Springs, CO Inc.
3601 Converse Drive Verizon Wireless 1,533 1,624 160,500 25.00%
Wilmington, NC
275 Technology Drive ANSYS, Inc. 1,241 1,354 107,872 30.00%
Canonsburg, PA
9601 Renner Blvd. Voicestream PCS II 1,200 1,352 77,484 25.00%
Lenexa, KS Corporation
(T-Mobile USA, Inc.)
3265 East Goldstone Drive Voicestream PCS II 1,179 1,320 77,484 25.00%
Meridian, ID Corporation
(T-Mobile USA, Inc.)
3201 Quail Springs Pkwy. AT& T Wireless Services, Inc. 1,346 1,365 103,500 40.00%
Oklahoma City, OK Jordan Associates, Inc. 332 332 25,000
200 Lucent Lane Lucent Technologies, Inc. 2,041 1,643 124,944 30.00%
Cary, NC
4455 American Way Bell South Mobility, 1,037 1,090 70,100 30.00%
Baton Rouge, LA Inc.
3711 San Gabriel Voice Stream PCS II LLC 900 984 75,016 30.00%
Mission, TX (T-Mobile USA, Inc.)
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YTD
Base Cash YTD
Revenue Base GAAP Square LXP
Property Location Tenant (Guarantor) ($000) Revenue ($000) Footage Ownership
------------------------- ---------------------------- ---------------- --------------- -------------- --------------
4001 International Pkwy. Accor S.A. 2,986 3,231 138,443 25.00%
Carrollton, TX (Motel 6 Operating L.P.)
350 Rhode Island Street California Culinary 2,492 2,394 103,838 30.00%
San Francisco, CA Academy, LLC (Career
Education Corp.)
Starbucks Coffee Company 68 74 1,500
Citibank -- 25 6,545
VACANT -- -- 13,461
2500 Patrick Henry Pkwy. Georgia Power Company 1,421 1,511 111,911 25.00%
McDonough, GA
First Park Drive Omnipoint Holdings, Inc. 1,192 1,365 78,610 25.00%
Oakland, ME (T-Mobile USA, Inc.)
11511 Luna Road Haggar Clothing Company 1,447 1,584 180,507 30.00%
Farmers Branch, TX (Texas Clothing Holding
Corp.)
(Haggar Corporation)
---------------------------- ---------------- --------------- --------------
Office Subtotal $ 117,696 $ 120,384 7,357,839
---------------------------- ---------------- --------------- --------------
Industrial
101 Michelin Drive TNT Logistics North $ 3,103 $ 3,227 1,164,000 33.33%
Laurens, SC America, Inc.
(TPG N.V.)
10345 Philipp Parkway L'Oreal USA, Inc. 2,290 2,518 649,250 25.00%
Streetsboro, OH
7111 Crabb Road TNT Logistics North 2,078 2,161 752,000 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 762 762 338,700
3600 Army Post Rd. EDS Information Services 2,663 2,856 405,000 30.00%
Des Moines, IA LLC (Electronic
Data Systems Corporation)
2400 West Haven Avenue Michaels Stores Procurement 1,986 1,986 693,185 30.00%
New Lenox, IL Company, Inc.
(Michaels Stores, Inc.)
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- -------------------------------- ---------------------------- ---------------- --------------- -------------- --------------
YTD
Base Cash YTD
Revenue Base GAAP Square LXP
Property Location Tenant (Guarantor) ($000) Revenue ($000) Footage Ownership
- -------------------------------- ---------------------------- ---------------- --------------- -------------- --------------
43955 Plymouth Oaks Tower Automotive Products 1,886 1,886 290,133 30.00%
Boulevard Company
Plymouth, MI (Tower Automotive, Inc.)
121 Technology Drive Heidelberg Web Systems, 1,833 1,850 500,500 33.33%
Durham, NH Inc.
3225 Meridian Parkway Hagemeyer Foods, Inc. 1,482 1,609 201,845 30.00%
Weston, FL
291 Park Center Drive Kraft Foods North 1,530 1,514 344,700 33.33%
Winchester, VA America, Inc.
1109 Commerce Boulevard Linens-n-Things, Inc. 1,258 1,251 262,644 30.00%
Logan Township, NJ
3245 Meridian Parkway Circuit City Stores, Inc. 1,047 1,169 230,600 30.00%
Weston, FL
736 Addison Road Corning, Inc. 646 646 408,000 30.00%
Erwin, NY
---------------------------- ---------------- --------------- --------------
Subtotal Industrial $ 23,175 $ 23,970 6,579,257
---------------------------- ---------------- --------------- --------------
Retail
12080 Carmel Mountain Road Kmart Corporation $ 454 $ 980 107,210 30.00%
San Diego, CA
5350 Leavitt Road Kmart Corporation 1,008 729 193,193 30.00%
Lorain, OH
255 Northgate Drive Kmart Corporation 712 515 107,489 30.00%
Manteca, CA
21082 Pioneer Plaza Drive Kmart Corporation 670 484 120,727 30.00%
Watertown, NY
97 Seneca Trail Kmart Corporation 471 309 90,933 30.00%
Fairlea, WV
1150 West Carl Sandburg Drive Kmart Corporation 400 289 94,970 30.00%
Galesburg, IL
---------------------------- ---------------- --------------- --------------
Retail/ Other Subtotal $ 3,715 $ 3,306 714,522
---------------------------- ---------------- --------------- --------------
---------------------------- ---------------- --------------- --------------
Grand Total $ 144,586 $ 147,660 14,651,618
---------------------------- ---------------- --------------- --------------
(1) Original tenant rejected the lease in bankruptcy. GAAP rent does not
reflect accelerated amortization of $4,704.
20
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Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ------------------------------------------- ----------------------------------
Office
12209 W. Markham Street Entergy Arkansas, Inc. 36,311
Little Rock, AR
5201 West Barraque Street Entergy Services, Inc. 27,189
Pine Bluff, AR
2200/2230 & 2222 East Imperial Highway 1 Raytheon Company 184,636
El Segundo, CA
2200/2230 & 2222 East Imperial Highway 3 Raytheon Company 184,636
El Segundo, CA
1500 Hughes Way Raytheon Company 478,437
Long Beach, CA
599 Ygnacio Valley Road Hercules Credit, Inc. 54,528
Walnut Creek, CA
5550 Tech Center Drive Federal Express Corporation 71,000
Colorado Spring, CO
10 John Street Chesebrough Ponds (Unilever United 41,188
Clinton, CT States, Inc.)
6277 Sea Harbor Drive Harcourt Brace & Company 357,280
Orlando, FL
Sandlake Road/Kirkman Road Lockheed Martin Corporation 184,000
Orlando, FL
500 Jackson Street Cummins Engine Company Inc. 390,100
Columbus, IN
313 Carondelet Hibernia Corporation 222,432
New Orleans, LA
1111 Tulane Street Hibernia Corporation 180,595
New Orleans, LA
100 Light Street St. Paul Fire and Marine Insurance Co. 530,000
Baltimore, MD
3165 McKelvey Road BJC Health System 52,994
Bridgeton, MD
200 Milik Street Pathmark Stores, Inc. 96,400
Carteret, NJ
288 North Broad Street Bank of America 30,000
Elizabeth, NJ
Columbia Road and Park Avenue Honeywell International Inc. 225,121
Morris Township, NJ
Columbia Road and Park Avenue Honeywell International Inc. 49,791
Morris Township, NJ
Columbia Road and Park Avenue Honeywell International Inc. 136,516
Morris Township, NJ
Columbia Road and Park Avenue Honeywell International Inc. 316,129
Morris Township, NJ
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Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
656 Plainsboro Road Bank of America 2,000
Plainsboro, NJ
6226 West Sahara Avenue Nevada Power Company 282,000
Las Vegas, NV
9393 Springsboro Pike Reed Elsevier, Inc. 61,229
Miamisburg, OH
9393 Springsboro Pike Reed Elsevier, Inc. 85,873
Miamisburg, OH
265 Lehigh Street Wachovia Bank N.A. 71,230
Allentown, PA
207 Mockingbird lane Sun Trust Bank 63,800
Johnson City, TN
420 Riverport Road American Electric Power 42,770
Kingport, TN
3965 Airways Boulevard Federal Express Corporation 521,286
Memphis, TN
800 Ridgelake Boulevard The Kroger Co. 75,000
Memphis, TN
3535 Calder Avenue Wells Fargo & Co. 49,689
Beaumont, TX
350 Pine Street Entergy Gulf States 427,104
Beaumont, TX
1900 L. Don Dodson Drive VACANT 206,905
Bedford, TX
2010 Alderson Drive Wells Fargo & Co. 185,000
Dallas, TX
1200 Jupiter Road Raytheon Company 278,759
Garland, TX
Route 64 West & Junction 333 Entergy Gulf States 191,950
Russellville, AR
101 East Washington Boulevard Bank One 69,690
Fort Wayne, IN American Electric Power 278,762
700 US Hwy Route 202-206 Biovail Pharmaceuticals, Inc. 115,558
Bridgewater, NJ
850-950 Warrenville Road National Louis University 85,532
Lisle, IL James J. Benes & Associates 6,347
PRIMMS, Inc. 7,535
333 Mt. Hope Avenue BASF Corporation 95,500
Rockway, NJ
180 South Clinton Street Frontier Corporation 226,000
Rochester, NY
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Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
17770 Cartwright Road Associates First Capital Corporation 200,000
Irvine, CA
255 California Street Multi-tenanted (1) 169,846
San Francisco, CA
5724 W. Las Positas Boulevard NK Leasehold 41,760
Pleasanton, CA
849 Front Street Multi - tenanted (2) 22,294
Evanston, WY
---------------------------------------- -----------------------------------
Office Subtotal 7,712,702
---------------------------------------- -----------------------------------
(1) Property includes 21 tenants and is approximately 84% leased.
(2) Property includes 8 tenants and is approximately 71% leased.
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Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
Industrial
1665 Hughes Way Raytheon Company 200,541
Long Beach, CA
3333 Coyote Hill Road Xerox Corporation 123,000
Palo Alto, CA
2455 Premier Drive Walgreen Co. 205,016
Orlando, FL
1901 Ragu Drive Ragu Foods, Inc. (Unilever United 443,380
Owensboro, KY States, Inc.)
North Wells Road United Technologies Corp. 820,868
North Berwick, ME
75 North Street Rotron Inc. (EG&G) 52,000
Saugerties, NY
US Highway 17 Food Lion, Inc. 36,828
North Myrtle Beach, SC
120 South East Parkway Drive United Technologies Corp. 289,330
Franklin, TN
3456 Meyers Avenue Sears, Roebuck & Company 780,000
Memphis,TN
300 Bennett Lane Xerox Corporation 256,000
Lewisville, TX
4400 State Road 19 Walgreen Co. 356,000
Windsor, WI
749 Southrock Drive Jacobson Warehouse Company Inc. 150,000
Rockford, IL
3686 South Central Avenue Jacobson Warehouse Company Inc. 90,000
Rockford, IL
2203 Sherrill Drive LA-Z-Boy Greenboro, Inc. 639,600
Statesville, NC (LA-Z-Boy Incorporated)
7005 Cochran Road Royal Appliance Mfg. Co. 458,000
Glen Willow, OH
1420 Greenwood Road Atlas Cold Storage America LLC 201,583
McDonough, GA
1650-1654 Williams Road ODW Logistics, Inc. 744,800
Columbus, OH
2880 Kenny Biggs Road Quickie Manufacturing Corp. 308,000
Lumberton, NC
10590 Hamilton Avenue The Hillman Group, Inc. 247,000
Cincinnati, OH
---------------------------------------- -----------------------------------
Industrial Subtotal 6,401,946
---------------------------------------- -----------------------------------
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Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
Retail/Other
302 Croxcreek Parkway The Kroger Co. 42,130
Florence, AL
5544 Atlanta Highway Beasley Development LLC 60,698
Montgomery, AL
Bisbee Naco Highway & Highway 92 Safeway Stores, Inc. 30,181
Bisbee, AZ
Grant Road & Craycroft Safeway Stores, Inc. 37,268
Tucson, AZ
22765 Aspan Street Mark C. Bloome (Goodyear) 10,250
Lake Forest, CA
Old Mamoth Road/Meridian Safeway Stores, Inc. 44,425
Boulevard
Mammoth Lakes, CA
15745 Monterey Road Gerard Tire Services (Goodyear) 10,250
Morgan Hill, CA
1400 Stoneridge Mall Federated Department Stores 175,000
Pleasanton, CA
1631 West Redlands Boulevard Mark C. Bloome (Goodyear) 11,200
Redlands, CA
270 Fashion Valley Road Nordstrom, Inc. 225,919
San Diego, CA
315 Colorado Avenue Federated Department Stores 150,000
Santa Monica, CA
18182 Irvine Boulevard Mervyn's 72,000
Tustin, CA
34734 Alvarado Niles Road Gerard Tire Services (Goodyear) 10,800
Union City, CA
500 East Harbor Boulevard City of San Buenaventura 39,600
Venture, CA
17005 Imperial Highway Mark C. Bloome (Goodyear) 10,800
Yorba Linda., CA
15220 East 6th Avenue VACANT 41,384
Aurora, CO
12000 East Mississippi Avenue Safeway Stores, Inc. 24,000
Aurora, CO
Kipling Street & Bowles Avenue VACANT 29,360
Littleton, CO
10340 U.S. 19 VACANT 53,820
Port Richey, FL
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Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
2010 Apalachee Parkway VACANT 53,820
Tallahassee, FL
2223 North Druid Hills Road Bank of America 6,260
Atlanta, GA
956 Ponce de Leon Avenue Bank of America 3,900
Atlanta, GA
4545 Chamblee - Dunwoody Road Bank of America 4,565
Chamblee, GA
201 West Main Street Bank of America 14,208
Cumming, GA
3468 Georgia Highway 120 Bank of America 9,300
Duluth, GA
1066 Main Street Bank of America 14,859
Forest Park, GA
825 Southway Drive Bank of America 4,894
Jonesboro, GA
1698 Mountain Indus. Boulevard Bank of America 5,704
Stone Mountain, GA
502 East Carmel Drive Marsh Supermarkets, Inc. 38,567
Carmel, IN
5104 North Franklin Road Marsh Supermarkets, Inc. 28,721
Lawrence, IN
2440 Bardstown Road ( Supermarket) The Kroger Co. 40,019
Louisville, KY
2440 Bardstown Road The Kroger Co. 9,600
Louisville, KY
205 Homer Road Safeway Stores, Inc. 35,000
Minden, LA
24th Street West & St. John's Avenue Safeway Stores, Inc. 40,800
Billings, MT
Little Rock Road/Tuckaseegee Road Food Lion, Inc. 33,640
Charlotte, NC
Brown Mill Road/US 601 Food Lion, Inc. 32,259
Concord, NC
Gum Branch Road Food Lion, Inc. 23,000
Jacksonville, NC
US 221 & Hospital Road Food Lion, Inc. 23,000
Jefferson, NC
291 Talbet Boulevard Food Lion, Inc. 23,000
Lexington, NC
26
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Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
Julian Avenue/Clominger Street Food Lion, Inc. 21,000
Thomasville, NC
10 South Avenue Pathmark Stores, Inc. 52,000
Garwood, NJ
2910 Juan Tabo Blvd. Safeway Stores, Inc. 35,000
Albuquerque, NM
130 Midland Avenue Pathmark Stores, Inc. 59,000
Portchester, NY
1606 North Bend Road VACANT 25,628
Cincinnati, OH
2000 East Main Street The Kroger Co. 34,019
Columbus, OH
1084 East Second Street Marsh Supermarkets, Inc. 29,119
Franklin, OH
N.E.C. 45th Street/Lee Boulevard Safeway Stores, Inc. 30,757
Lawton, OK
1642 Williams Avenue Safeway Stores, Inc. 33,770
Grants Pass, OR
559 North Main Street Citizens Bank of Pennsylvania 3,800
Doylestown, PA
25 East Main Street Citizens Bank of Pennsylvania 3,800
Lansdale, PA
1055 West Baltimore Pike Citizens Bank of Pennsylvania 3,800
Lima, PA
4947 North Broad Street Citizens Bank of Pennsylvania 3,800
Philadelphia, PA
2001-03 Broad Street Citizens Bank of Pennsylvania 3,800
Philadelphia, PA
6201 North 5th Street Citizens Bank of Pennsylvania 3,800
Philadelphia, PA
7323-29 Frankford Avenue Citizens Bank of Pennsylvania 3,800
Philadelphia, PA
15 South 52nd Street Citizens Bank of Pennsylvania 3,800
Philadelphia, PA
10650 Bustleton Avenue Citizens Bank of Pennsylvania 3,800
Philadelphia, PA
1025 West Lehigh Avenue Citizens Bank of Pennsylvania 3,800
Philadelphia, PA
2014 Cottman Avenue Citizens Bank of Pennsylvania 3,800
Philadelphia, PA
27
Lexington Realty Trust
Supplemental Reporting Package
Newkirk Portfolio
12/31/06
------------------------------------------- ---------------------------------------- -----------------------------------
Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
4160 Monument Road Pathmark Stores, Inc. 50,000
Philadelphia, PA
15 Newton - Richboro Road Citizens Bank of Pennsylvania 3,800
Richboro, PA
363 West Lancaster Avenue Citizens Bank of Pennsylvania 3,800
Wayne, PA
S. Carlina 52/52 Bypass Food Lion, Inc. 23,000
Moncks Corner, SC
1600 East 23rd Street The Kroger Co. 42,130
Chattanooga, TN
1053 Mineral Springs Raod The Kroger Co. 31,170
Paris, TN
3040 Josey Lane Ong's Family Inc. 61,000
Carrolton, TX
1610 South Westmoreland Avenue Malone's Food Stores 68,024
Dallas, TX
3451 Alta Mesa Boulevard Safeway Stores, Inc. 44,000
Fort Worth, TX
101 West Buckingham Road Safeway Stores, Inc. 40,000
Garland, TX
1415 Highway 377 East Safeway Stores, Inc. 35,000
Granbury, TX
2500 E. Carrier Parkway Safeway Stores, Inc. 49,349
Grand Prairie, TX
4811 Wesley Street Safeway Stores, Inc. 48,427
Greenville, TX
120 South Waco Street Safeway Stores, Inc. 35,000
Hillsboro, TX
13133 Steubner Ave The Kroger Co. 52,200
Houston, TX
5402 4th Street VACANT 53,820
Lubbock, TX
3211 W. Beverly Street Food Lion, Inc. 23,000
Staunton. VA
9803 Edmonds Way VACANT 35,459
Edmonds, WA
224th Street & Meridan Safeway Stores, Inc. 44,718
Graham, WA
Meridan & 65th Safeway Stores, Inc. 44,718
Milton, WA
28
Lexington Realty Trust
Supplemental Reporting Package
Newkirk Portfolio
12/31/06
------------------------------------------- ---------------------------------------- -----------------------------------
Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
1700 State Route 160 Jubilee Fun 27,968
Port Orchard, WA
228th Avenue, N.E. Safeway Stores, Inc. 44,718
Redmond, WA
849 Front Street Bank of the West 7,206
Evanston, WY
10415 Grande Avenue Furrs Cafeterias Operators LP 10,000
Sun City, AZ
101 Creger Lithia Motors 10,000
Ft. Collins, CO
900 South Canal Street. Furrs Cafeterias Operators LP 10,000
Carlsbad, NM
4121 South Port Avenue Furrs Cafeterias Operators LP 10,000
Corpus Christi, TX
119 North Balboa Road Furrs Cafeterias Operators LP 10,000
El Paso, TX
901 West Expressway Furrs Cafeterias Operators LP 10,000
McAllen, TX
402 East Crestwood Drive Furrs Cafeterias Operators LP 10,000
Victoria, TX
928 First Avenue Rock Falls County Market 27,650
Rock Falls, IL
4512 N Market Safeway Stores, Inc. 38,905
Spokane, WA
3621 E Lincoln Way VACANT 31,420
Cheyenne, WY
9400 South 755 East Albertsons Inc. 41,612
Sandy, UT
7470 El Camino Real CSK Auto (Albertsons Inc.) 4,000
Atascadero, CA
635 Highland Spring Road CSK Auto (Albertsons Inc.) 4,000
Beaumont, CA
2044 West Main Street CSK Auto (Albertsons Inc.) 7,000
Paso Robles, CA
1321 Commerce Street Adolphus Associates (Met Life) 498,122
Dallas, TX
2200/2230 & 2222 East Imperial Raytheon Company 959,000
Highway 2
El Segundo, CA
29
Lexington Realty Trust
Supplemental Reporting Package
Newkirk Portfolio
12/31/06
------------------------------------------- ---------------------------------------- -----------------------------------
Square
Property Location Tenant (Guarantor) Footage
------------------------------------------- ---------------------------------------- -----------------------------------
2404 West Main Street CSK Auto (Albertsons Inc.) 3,030
Farmington, NM
2520 E. Bonanza Road CSK Auto (Albertsons Inc.) 2,800
Las Vegas, NV
8960 Dyer Street CSK Auto (Albertsons Inc.) 2,625
El Paso, TX
6100 Alameda Avenue CSK Auto (Albertsons Inc.) 2,800
El Paso, TX
3322 82nd Street CSK Auto (Albertsons Inc.) 2,550
Lubbock, TX
25 E. McKellips Road CSK Auto (Albertsons Inc.) 2,660
Mesa, AZ
7200 Cradle rock way GFS Realty, Inc. 57,209
Columbia, MD
185 Washburn Circle Mark C. Bloome (Goodyear) 9,400
Corona, CA
810124 Highway 111 Mark C. Bloome (Goodyear) 9,600
Indio, CA
---------------------------------------- -----------------------------------
Retail/Other Subtotal 4,529,184
---------------------------------------- -----------------------------------
---------------------------------------- -----------------------------------
Grand Total 18,643,832
---------------------------------------- -----------------------------------
Note
----
As the Merger was effective December 31, 2006 no revenue has been earned
from the Newkirk portfolio.
30
Lexington Realty Trust
Supplemental Reporting Package
Properties by Location
12/31/06
Historical 12-Month
Ended December 31, 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 50 95.5% 7,834,490 $ 46,766 19.1%
2 South Carolina 13 100.0 3,916,396 20,056 8.2
3 Pennsylvania 27 100.0 2,642,531 17,622 7.2
4 Ohio 20 99.5 5,644,887 15,630 6.4
5 California 39 99.3 5,961,657 14,031 5.7
6 Florida 17 95.6 2,474,050 12,416 5.1
7 Michigan 13 88.0 2,466,397 11,546 4.7
8 Virginia 9 100.0 1,422,643 11,278 4.6
9 Georgia 14 100.0 998,872 10,125 4.1
10 Arizona 12 94.0 829,593 8,830 3.6
11 Kentucky 9 97.8 2,293,076 7,516 3.1
12 Massachusetts 4 100.0 574,301 7,392 3.0
13 Tennessee 18 90.8 4,037,645 6,972 2.9
14 New Jersey 15 100.0 1,955,773 6,653 2.7
15 Utah 2 100.0 336,612 6,321 2.6
16 Illinois 10 100.0 1,798,999 5,515 2.3
17 Indiana 8 100.0 1,530,343 5,328 2.2
18 Iowa 4 100.0 1,073,648 3,812 1.5
19 Oregon 5 100.0 450,479 3,758 1.5
20 North Carolina 13 100.0 1,903,608 3,191 1.3
21 Washington 10 93.5 542,335 2,315 0.9
22 Connecticut 3 100.0 238,952 2,231 0.9
23 The Netherlands 1 100.0 122,450 2,182 0.9
24 Colorado 8 86.9 538,984 2,164 0.9
25 Oklahoma 5 100.0 317,404 1,670 0.7
26 Kansas 2 100.0 397,682 1,358 0.6
27 Alabama 3 100.0 698,174 1,054 0.4
28 Hawaii 2 98.2 297,441 1,004 0.4
29 Mississippi 2 100.0 362,941 984 0.4
30 Louisiana 5 100.0 587,213 766 0.3
31 New Hampshire 1 100.0 500,500 617 0.3
32 Minnesota 1 100.0 18,620 560 0.2
33 Nebraska 1 100.0 86,800 509 0.2
34 Missouri 1 100.0 166,641 483 0.2
35 Wisconsin 2 100.0 432,164 463 0.2
36 Maryland 5 100.0 799,222 426 0.2
37 Maine 2 100.0 899,478 341 0.2
38 New York 5 100.0 865,727 339 0.2
39 Idaho 1 100.0 77,484 330 0.1
40 West Virginia 1 100.0 90,933 93 --
41 Arkansas 3 100.0 255,450 -- --
42 Nevada 2 100.0 284,800 -- --
43 Montana 1 100.0 40,800 -- --
44 New Mexico 3 100.0 48,030 -- --
45 Wyoming 3 37.8 60,920 -- --
------------------ ------------ ------------ ------------ -------------- --------------
Total 375 97.6% 58,877,145 $ 244,647 100%
------------------ ------------ ------------ ------------ -------------- --------------
(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 December 31, 2006.
(3) Includes properties owned during the year ended December 31, 2006.
(4) As of December 31, 2006.
31
Lexington Realty Trust
Supplemental Reporting Package
Lease Rollover Schedule by Property Type - Cash Basis
12/31/06
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
- ------- ------------ ------------- ------------ ------------ ------------- -------------- ------------ -------------- --------------
2007 753,450 16,398 22.28 2,436,372 13,336 5.47 217,000 1,971 9.08
2008 3,162,653 52,394 21.90 1,284,379 146 8.18 616,559 7,299 12.10
2009 2,858,244 50,037 21.65 883,966 2,085 3.34 1,213,603 9,493 15.36
2010 2,300,355 19,613 13.51 1,885,413 5,773 3.06 90,800 590 6.50
2011 1,693,948 17,052 15.51 1,251,535 536 4.67 511,164 4,081 7.98
2012 1,897,486 18,077 12.47 4,559,134 10,652 4.20 561,425 4,630 8.25
2013 1,897,103 22,479 15.28 202,086 3,982 19.70 39,600 896 22.63
2014 2,716,818 34,568 16.51 1,055,160 3,927 3.72 267,337 496 1.85
2015 2,274,294 21,072 14.00 1,372,370 7,388 5.53 76,164 469 6.15
2016 1,152,227 9,267 16.74 1,655,158 6,088 4.20 225,919 1,600 7.08
2017 130,690 398 8.67 1,788,022 6,497 4.04 119,706 473 3.95
2018 740,924 5,955 12.35 744,800 1,347 1.81 1,943,876 4,668 3.85
2019 1,649,414 18,960 15.24 1,412,025 4,121 4.41 -- -- --
2020 344,659 5,214 18.53 666,037 4,712 7.51 -- -- --
2021 420,926 8,020 19.05 1,928,504 7,607 4.31 61,000 361 5.92
2022 -- -- -- -- -- -- -- -- --
2023 -- -- -- -- -- -- -- -- --
2024 187,262 1,069 19.02 693,185 568 2.73 -- -- --
2025 146,800 1,744 15.63 2,140,254 9,802 3.20 -- -- --
2026 -- -- -- 500,500 427 2.56 77,076 1,357 23.16
Weighted
Average $ 17.05 $ 4.53 $ 8.46
======= ======== =======
(1) Includes proportionate share of joint venture investments and is net of
estimated expenses.
32
Lexington Realty Trust
Supplemental Reporting Package
Lease Rollover Schedule - GAAP Basis
Lexington Portfolio
12/31/06
($000's)
Percentage of
Total Total
Number of Annualized Base Rent (1) Annualized
Year Leases Expiring Base Rent
- ------------------------- ------------------------ --------------------------- ----------------------------
2007 29 $ 15,935 6.2%
2008 20 6,840 2.7
2009 25 22,504 8.8
2010 21 19,590 7.7
2011 21 19,202 7.5
2012 23 25,946 10.2
2013 15 21,750 8.5
2014 19 23,592 9.2
2015 20 28,291 11.1
2016 14 12,118 4.7
2017 6 3,990 1.6
2018 12 8,557 3.4
2019 10 9,618 3.8
2020 7 9,626 3.8
2021 7 12,594 4.9
2022 -- -- --
2023 -- -- --
2024 2 1,665 0.7
2025 8 11,448 4.5
2026 2 2,106 0.7
------------------------ --------------------------- ----------------------------
Total 261 $ 255,372 100.0%
======================== =========================== ============================
(1) Includes proportionate share of joint venture investments.
33
Lexington Realty Trust
Supplemental Reporting Package
Lease Rollover Schedule - GAAP Basis
Newkirk Portfolio
12/31/06
($000's)
Percentage of
Total Total
Number of Annualized Base Rent (1) Annualized
Year Leases Expiring Base Rent
- ------------------------- ------------------------ --------------------------- ----------------------------
2007 11 $19,481 10.6%
2008 51 50,929 27.7
2009 43 37,267 20.3
2010 10 6,475 3.5
2011 9 4,765 2.6
2012 17 9,880 5.4
2013 4 7,731 4.2
2014 8 13,303 7.2
2015 4 2,697 1.5
2016 6 3,740 2.0
2017 4 4,161 2.2
2018 2 8,743 4.8
2019 8 12,802 7.0
2020 -- -- --
2021 2 1,661 1.0
2022 -- -- --
2023 -- -- --
2024 -- -- --
2025 -- -- --
2026 -- -- --
------------------------ --------------------------- ----------------------------
Total 179 $ 183,635 100.0%
======================== =========================== ============================
Estimated
Estimated Amortization Below Amortization Estimated Annual
Market Leases Above Market Leases Amortization, Net
- ------------------- ---------------------------------- -------------------------- ---------------------------
2007 $ 17,273 $ (37,850) $ (20,577)
2008 15,880 (29,265) (13,385)
2009 15,772 (10,508) 5,264
2010 15,112 (1,333) 13,779
2011 14,872 (1,333) 13,539
(1) Includes proportionate share of joint venture investments.
34
Lexington Realty Trust
Supplemental Reporting Package
Mortgages and Notes Payable
12/31/06
($000's)
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Current
Estimated
Debt Interest Rate Annual Balloon
Property - Fixed Rate Balance Maturity Debt Service(d) Payment
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Warren, OH(a)(b) $ 5,851 7.000% Oct-07 $ 6,160 $ --
Bristol, PA 9,393 7.400 Feb-08 831 9,262
Decatur, GA 6,268 6.720 Jun-08 579 6,049
Palm Beach Gardens, FL 10,759 7.010 Jun-08 970 10,418
Canton, OH 3,085 7.150 Aug-08 313 2,936
Spartanburg, SC 2,562 7.150 Aug-08 260 2,438
Irvine, CA(j) 9,094 9.339 Sep-08 5,653 --
New Orleans, LA(k) 6,712 6.930 Sep-08 4,084 --
New Orleans, LA(k) 5,336 6.930 Sep-08 3,246 --
Owensboro, KY(l) 7,487 7.940 Dec-08 3,361 --
Clinton, CT(l) 1,157 7.940 Dec-08 519 --
Columbia, MD(m) 1,146 8.625 Dec-08 297 719
Long Beach, CA(n) 9,549 6.160 Jan-09 4,180 --
Long Beach, CA(n) 25,751 6.250 Jan-09 11,286 --
Florence, SC 8,879 7.500 Feb-09 869 8,443
Canton, OH 757 9.490 Feb-09 388 --
Baton Rouge, LA 1,670 7.375 Mar-09 208 1,478
Livonia, MI 10,625 7.800 Apr-09 992 10,236
Bristol, PA 5,611 7.250 Apr-09 571 5,228
Henderson, NC 4,119 7.390 May-09 417 3,854
Westland, MI 1,625 10.500 Sep-09 683 --
Salt Lake City, UT 7,138 7.610 Oct-09 2,901 --
High Point, NC 8,372 5.750 Oct-09 695 7,741
Pleasanton, CA(o) 4,652 10.250 Dec-09 727 3,807
San Francisco, CA(o) 23,313 3.893 Dec-09 1,750 20,000
Richmond, VA 15,953 8.100 Feb-10 1,511 15,257
Hampton, VA 7,072 8.270 Apr-10 677 6,758
Hampton, VA 4,337 8.260 Apr-10 415 4,144
Tampa, FL 8,052 6.930 Aug-10 674 7,603
Tampa, FL 5,823 6.880 Aug-10 485 5,495
Herndon, VA 18,258 8.180 Dec-10 1,723 17,301
Tucson, AZ 2,306 7.500 Jan-11 226 2,076
Valley Forge, PA 12,298 7.120 Feb-11 1,166 10,927
Renswoude, NA(f) 35,880 5.305 Apr-11 2,612 32,686
Glendale, AZ 14,278 7.400 Apr-11 1,258 13,365
Dallas, TX 30,582 5.126 May-11 1,589 30,582
Wallingford, CT 3,421 4.926 May-11 221 3,187
Auburn Hills, MI 6,758 7.010 Jun-11 637 5,918
Plymouth, MI 4,502 7.960 Jul-11 463 3,949
Newport, OR 6,644 5.030 Aug-11 470 5,980
Greenville, SC 13,184 4.415 Jan-12 841 11,806
New Kingston, PA 6,917 7.790 Jan-12 678 6,101
Mechanicsburg, PA 5,106 7.780 Jan-12 500 4,503
New Kingston, PA 3,295 7.780 Jan-12 323 2,906
Lake Forest, CA 10,486 7.260 Feb-12 901 9,708
Memphis, TN 17,674 5.247 May-12 1,181 16,222
Lakewood, CO 8,617 5.097 May-12 566 7,890
Groveport, OH 7,552 6.030 Oct-12 563 6,860
San Antonio, TX 29,183 6.080 Oct-12 2,260 26,025
Foxboro, MA(b) 16,003 6.000 Jan-13 2,817 --
Fort Mill, SC 11,086 6.000 Jan-13 839 9,904
Waterloo, IA 5,899 5.610 Feb-13 672 3,505
Atlanta, GA 44,851 5.268 May-13 3,004 40,356
Houston, TX 17,507 5.218 May-13 1,166 15,737
Southington, CT 13,656 5.018 May-13 890 12,228
Tempe, AZ 13,528 5.148 May-13 894 12,144
Indianapolis, IN 9,554 5.168 May-13 633 8,580
Fort Meyers, FL 8,912 5.268 May-13 476 8,550
Chelmsford, MA 6,946 5.118 May-13 458 6,231
Lancaster, CA (first) 10,131 7.020 Sep-13 900 8,637
35
Lexington Realty Trust
Supplemental Reporting Package
Mortgages and Notes Payable
12/31/06
($000's)
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Current
Estimated
Debt Interest Rate Annual Balloon
Property - Fixed Rate Balance Maturity Debt Service(d) Payment
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Lancaster, CA (second) 8,552 5.920 Sep-13 642 7,518
Knoxville, TN 5,093 5.950 Sep-13 381 4,496
Phoenix, AZ 19,143 6.270 Sep-13 1,527 16,490
Foxboro, MA(b) 20,452 6.000 Jan-14 3,270 --
Moody, AL 7,365 4.978 Jan-14 493 6,350
Mechanicsburg, PA 13,126 5.730 Mar-14 1,045 10,538
Redmond, OR 9,751 5.616 Apr-14 697 8,484
Clive, IA 5,868 5.139 May-14 387 5,151
Fort Mill, SC 20,300 5.373 May-14 1,148 18,311
Philadelphia, PA(e) 49,000 5.060 Jul-14 2,784 43,547
Eau Claire, WI 1,762 8.000 Jul-14 313 --
Carrollton, TX 14,137 5.530 Jan-15 993 12,022
Franklin, NC 1,600 8.500 Mar-15 271 --
Knoxville, TN(h) 7,734 5.310 May-15 520 6,658
Tulsa, OK(h) 7,619 5.060 May-15 499 6,517
Jacksonville, FL(h) 5,759 5.110 May-15 379 4,927
Kalamazoo, MI 17,479 5.411 May-15 1,189 15,087
Houston, TX 16,828 5.160 May-15 1,114 14,408
Houston, TX 13,140 5.210 May-15 874 11,265
Fishers, IN 13,067 5.160 May-15 865 11,188
San Antonio, TX 12,961 5.340 May-15 875 11,149
Los Angeles, CA 11,398 5.110 May-15 750 9,760
Atlanta, GA 11,325 5.260 May-15 604 10,502
Richmond, VA 10,518 5.310 May-15 708 9,055
Harrisburg, PA 9,099 5.110 May-15 599 7,780
Rockaway, NJ 14,900 5.292 May-15 789 14,900
Elizabethtown, KY(g) 16,303 4.990 Jul-15 1,070 13,766
Hopkinsville, KY(g) 9,550 4.990 Jul-15 627 8,070
Dry Ridge, KY(g) 7,723 4.990 Jul-15 507 6,521
Owensboro, KY(g) 6,879 4.990 Jul-15 452 5,813
Elizabethtown, KY(g) 3,096 4.990 Jul-15 203 2,614
Southborough, MA 1,759 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 8,881 6.090 Jan-16 668 7,446
Danville, IL 6,292 9.000 Jan-16 692 4,578
Bridgewater, NJ 14,805 5.732 Mar-16 849 13,751
Omaha, NE(h) 8,919 5.610 Apr-16 621 7,560
Tempe, AZ(h) 8,423 5.610 Apr-16 586 7,140
Bremerton, WA 6,564 6.090 Apr-16 494 5,465
Lisle, IL 10,450 6.500 Jun-16 679 9,280
Rockford, IL 6,900 6.210 Aug-16 428 6,093
Statesville, NC 14,100 6.210 Aug-16 876 12,451
Rochester, NY 18,800 6.210 Aug-16 1,167 16,602
Glenwillow, OH 17,000 6.130 Sep-16 1,042 14,988
Plymouth, IN(h) 6,652 6.315 Sep-16 497 5,723
Tomball, TX(h) 9,408 6.063 Nov-16 683 8,023
El Segundo, CA(p) 55,000 5.675 Dec-16 3,820 45,723
Memphis, TN(h) 3,951 5.910 Jan-17 229 3,484
Dubuque, IA 10,745 5.402 Jun-17 733 8,725
Westmont, IL 15,224 6.210 Mar-18 1,292 9,662
Houston, TX(h) 7,500 6.507 Nov-19 495 6,692
Boca Raton, FL 20,400 6.470 Feb-20 1,338 18,383
Houston, TX 9,880 5.640 Dec-20 692 7,018
Livonia, GA(h) 9,898 5.460 Dec-20 741 5,895
Wall Township, NJ(b) 29,596 6.250 Jan-21 2,013 --
Hilliard, OH 28,960 5.907 Feb-21 1,734 27,483
36
Lexington Realty Trust
Supplemental Reporting Package
Mortgages and Notes Payable
12/31/06
($000's)
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Current
Estimated
Debt Interest Rate Annual Balloon
Property - Fixed Rate Balance Maturity Debt Service(d) Payment
- --------------------------------- ------------------ -------------- ------------- ---------------- --------------------
Whippany, NJ(h) 16,880 6.290 Nov-21 1,344 10,400
Dillon, SC,CA 23,378 5.974 Feb-22 1,832 13,269
El Segundo, CA(p) 13,282 4.860 Jan-24 54 11,417
El Segundo, CA(p) 16,233 4.860 Jan-24 66 13,955
Chester, SC 13,445 5.380 Aug-25 1,144 362
---------- ----- -------- ---------
1,516,632 5.963% 154,664 1,113,996
---------- ----- -------- ---------
Corporate
Credit Facility (C) 65,194 7.120% Jun-08 4,706 65,194
Corporate Facility (i) 547,199 6.390% Aug-08 42,288 534,074
---------- ------ --------- ---------
Total $ 2,129,025 6.108% $ 201,658 $ 1,713,264
========== ===== ========= =========
(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, all
others are debt service for next 12 months.
(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.
(h) The Company has a 76.2% interest in the property securing the mortgage.
(i) Newkirk facility at LIBOR plus 175 bps.
(j) The Company has a 60.4% interest in the property.
(k) The Company has a 47.5% interest in the property.
(l) The Company has a 63.2% interest in the property.
(m) The Company has a 45.0% interest in the property.
(n) The Company has a 55.0% interest in the property.
(o) The Company consolidates this property as it is a variable interest
entity. The Company has a 1% general partnership interest in the
property.
(p) The Company has a 53.0% interest in the property.
37
Lexington Realty Trust
Supplemental Reporting Package
Mortgages Payable
12/31/06
(000's)
------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------
Current
LXP Estimated
Debt Proportionate Interest Annual Balloon
Joint Venture Property Balance Share Rate Maturity Debt Service(d) Payment
------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------
Russellville, AK $ 1,281 $ 391 6.850 May-08 $ 913 $ --
Dallas, TX 21,800 5,228 6.680 Jun-09 9,614 --
Santa Clarita, CA 28,200 8,460 4.750 Oct-09 1,340 28,200
Columbia, SC 23,538 9,415 7.850 Oct-09 2,196 22,586
Houston, TX 19,837 6,606 7.580 Oct-09 2,032 18,229
Fishers, IN 14,177 4,721 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 25,740 8,571 8.160 Oct-10 2,432 24,454
Lake Mary, FL 12,803 4,263 7.880 Oct-10 1,181 12,118
Lake Mary, FL 12,766 4,251 7.880 Oct-10 1,178 12,082
Parsippany, NJ 39,576 13,179 7.350 Mar-11 3,472 37,047
Novato, CA 21,925 6,578 5.750 Jul-11 1,600 20,307
Winchester, VA 10,416 3,469 7.330 Aug-11 908 9,675
Milford, OH 15,882 5,289 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 19,471 5,841 5.097 May-12 1,280 17,823
Raleigh, NC 12,900 3,870 4.947 May-12 647 12,543
Farmington Hills, MI 20,246 6,748 5.420 Sep-12 1,500 17,724
Laurens, SC 16,583 5,527 6.000 Sep-12 1,396 14,022
Temperance, MI 11,117 3,705 6.000 Sep-12 936 9,400
Baton Rouge, LA 6,688 2,006 4.900 Oct-12 443 5,943
Plymouth, MI 12,015 3,605 6.220 Dec-12 1,026 10,026
Colorado Springs, CO 11,429 3,809 6.250 Dec-12 887 10,272
Centennial, CO 15,314 4,594 6.150 Feb-13 1,177 13,555
Los Angeles, CA 80,182 20,046 5.330 May-13 4,999 73,071
Dallas, TX 40,567 12,170 5.218 May-13 2,702 36,453
Malvern, PA 12,865 3,860 5.530 Jan-14 916 11,236
Arlington, TX 21,216 5,304 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-14 444 6,784
Rancho Cordova, CA(1) 18,195 5,459 6.000 Sept-14 1,457 14,646
Weston, FL 10,558 3,167 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 12,075 3,623 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
McDonough, GA 12,675 3,169 5.212 Jun-15 670 11,349
Mission, TX 6,344 1,903 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
Dallas, TX 18,363 5,509 6.100 Jul-16 1,136 18,363
Fort Wayne, IN 21,394 5,370 9.375 Oct-16 3,344 --
Fort Wayne, IN 13,693 3,437 10.625 Nov-16 2,239 --
Wilmington, NC 13,000 3,250 5.190 Mar-17 684 11,580
Weston, FL 7,296 2,189 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 9,458 2,837 5.910 Oct-18 728 6,624
Dallas, TX 12,513 3,001 15.000 Dec-18 1,877 --
Overland Park, KS 37,620 9,405 5.830 May-19 2,224 31,819
38
Lexington Realty Trust
Supplemental Reporting Package
Mortgages Payable
12/31/06
(000's)
- ------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------
Current
LXP Estimated
Debt Proportionate Interest Annual Balloon
Joint Venture Property Balance Share Rate Maturity Debt Service(d) Payment
- ------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------
Kansas City, MO 17,950 4,488 5.830 May-19 1,061 15,182
West Chester, PA 10,151 3,045 6.750 Jul-19 1,204 --
Meridian, ID 10,160 2,540 6.010 Aug-19 753 7,658
Streetsboro, OH 20,200 5,050 5.285 Sept-19 1,082 16,338
San Francisco, CA 22,080 6,624 5.580 Nov-19 1,249 18,002
Lenexa, KS 10,227 2,557 6.270 Dec-19 774 7,755
Oakland, ME 10,348 2,587 5.930 Oct-20 750 7,660
Durham, NH 19,182 6,393 6.730 Mar-21 1,309 --
Antioch, TN 13,852 4,156 7.940 Oct-21 1,580 774
--------- ------- -------- ------ ---------
1,070,246 314,374 5.858% 90,587 847,541
--------- ------- -------- ------ ---------
Corporate
Warehouse facility 13,600 6,800 5.685 Jun-07 773 13,600
Warehouse facility 30,294 15,147 6.670 Mar-07 2,021 30,294
CDO 376,650 188,325 5.856 Dec-46 22,057 376,650
-------- ------- -------- ------- ---------
$ 1,490,790 $ 524,646 5.873% $ 115,438 $ 1,268,085
========= ======= ======== ======= =========
1. Debt balances based upon imputed rates.
39
Lexington Realty Trust
Supplemental Reporting Package
Mortgage Maturity Schedule
12/31/06
($000's)
Consolidated properties
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments Average Interest Rate
------------ -------- ---------------------
2007 $ 73,075 $ -- --%
2008 68,458 631,091(1)(2) 6.50
2009 43,550 60,788 6.28
2010 33,654 56,558 7.88
2011 34,017 108,670 5.90
------ ------- -----------
$ 252,754 $ 857,107 6.50%
========= ========= ===========
Joint venture properties - LXP proportionate share
- ------------------------------------------------------------------------------------------------------------
Scheduled Balloon Balloon Weighted
Amortization Payments Average Interest Rate
------------ -------- ---------------------
2007 $ 6,733 $ 21,947(3) 6.37%
2008 7,209 -- --
2009 6,917 23,570 6.67
2010 5,790 20,538 8.06
2011 5,027 21,666 6.90
--------- --------- -----------
$ 31,676 $ 87,721 6.97%
========= ========= ===========
(1) Includes Lexington's line of credit facility.
(2) Includes the Newkirk borrowing facility.
(3) Includes joint venture warehouse facilities.
40
Lexington Realty Trust
Supplemental Reporting Package
Revenue by Tenant Industry
12/31/06
- --------------------------------------------------------------- --------------------------------
Percentage of Historical
Tenant Industry Base Rent (1)
- --------------------------------------------------------------- --------------------------------
Energy 13.4%
Finance/Insurance 12.7
Technology 10.9
Automotive 9.3
Healthcare 5.7
Telecommunications 5.6
Transportation/Logistics 5.3
Retail-Department/ Discount Store 5.1
Consumer Products 4.7
Media/Advertising 4.3
Food 3.6
Construction Materials 3.6
Printing/Production 3.5
Retail-Specialty 2.8
Aerospace/Defense 2.5
Service 2.2
Retail-Electronics 1.6
Apparel 1.2
Security 0.9
Health/Fitness 0.4
Real Estate 0.4
Paper/Containers & Packaging 0.3
-------
100.0%
(1) Includes proportionate share of joint venture investments and rental
revenue recognized from properties sold through date of sale for the
year ended December 31, 2006.
41
Lexington Realty Trust
Supplemental Reporting Package
Revenue by MSA
12/31/06
Percent of
Base Rent for the 12
Months Ended
12/31/06
- ------- ------------------------------------------------ ----------------------
1 Houston-TX 10.0%
2 Dallas-Fort Worth-TX 6.3%
3 Philadelphia-Wilmington-PA 4.7%
4 Los Angeles-Riverside-Orange County-CA 4.2%
5 Atlanta-GA 3.9%
6 Detroit-MI 3.7%
7 Youngstown-Warren-OH 3.7%
8 Phoenix-Mesa-AZ 3.4%
9 Boston-MA 3.3%
10 Charlotte-NC 2.6%
11 Salt Lake City-UT 2.6%
12 Harrisburg-PA 2.6%
13 New York-Northern New Jersey 2.5%
14 Richmond-VA 2.3%
15 Indianapolis-IN 2.1%
16 San Antonio-TX 2.1%
17 Chicago-IL 1.8%
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 Dillon-SC 1.2%
23 Columbus-OH 1.2%
24 Columbia-SC 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 0.9%
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 0.6%
41 Killeen-Temple-TX 0.6%
42 Redmond-OR 0.6%
43 Clarksville-TN 0.6%
44 Knoxville-TN 0.6%
45 Jackson-TN 0.6%
46 Canton-OH 0.5%
47 Fort Meyers-FL 0.5%
42
Lexington Realty Trust
Supplemental Reporting Package
Revenue by MSA
12/31/06
Percent of
Base Rent for the 12
Months Ended
12/31/06
- ------- ------------------------------------------------- ----------------------
- ------- ------------------------------------------------- ----------------------
48 Jacksonville-FL 0.5%
49 Greensboro-Winston-Salem-NC 0.4%
50 Laurens-SC 0.4%
51 Birmingham-AL 0.4%
52 Klamath Falls-OR 0.4%
53 Owensboro-KY 0.4%
54 Dubuque-IA 0.4%
55 Waterloo-Cedar Falls-IA 0.4%
56 Honolulu - HI 0.4%
57 Newport-OR 0.4%
58 Danville-IL 0.4%
59 Tulsa-OK 0.3%
60 Sacramento-CA 0.3%
61 Miami-Fort Lauderdale-FL 0.3%
62 Oklahoma, OK 0.3%
63 Henderson-NC 0.3%
64 Baton Rouge-LA 0.3%
65 New Haven-CT 0.2%
66 Ocala-FL 0.2%
67 Minneapolis-St. Paul-MN 0.2%
68 Colorado Springs-CO 0.2%
69 Lavonia-GA 0.2%
70 Omaha-NE-IA 0.2%
71 Winchester-VA 0.2%
72 Raleigh-Durham-Chapel Hill-NC 0.2%
73 Eau Claire-WI 0.2%
74 Tucson-AZ 0.2%
75 Pittsburgh-PA 0.2%
76 Wilmington-NC 0.2%
77 Franklin-NC 0.2%
78 Nashville-TN 0.2%
79 Stockton-Lodi-CA 0.2%
80 Oakland-ME 0.2%
81 Gordonsville, TN 0.2%
82 Clackamas-OR 0.2%
83 Boise City, ID 0.2%
84 McAllen-Edinburg-Mission-TX 0.1%
85 San Diego-CA 0.1%
86 Crossville, TN 0.1%
87 Plymouth, IN 0.1%
88 Erwin, NY 0.1%
89 Pascagoula - MS 0.1%
90 Watertown-NY 0.1%
91 North Charleston -SC 0.1%
92 Lewisburg-WV -
93 Galesburg-IL -
- ------- ------------------------------------------------- ----------------------
Totals 100.00%
- ------- ------------------------------------------------- ----------------------
43
Lexington Realty Trust
Supplemental Reporting Package
Other Revenue Data
12/31/06
Revenue by Property Type Percentage
- ---------------------------------------------- --------------------------------
Office 66.5%
Industrial 29.6
Retail 3.9
-------
100.0%
=======
Revenue by Credit Rating(B)
Investment Grade 46.5%
Non-Investment Grade 20.7
Unrated 32.8
----
100.0%
=======
Percentage of
Base Rent for the
Number of 12 Months Ended
Top 10 Tenants/Guarantors Properties(B) Property Type 12/31/06(A)
- ---------------------------------------------------- ---------------- ---------------------------------- -----------------
Baker Hughes, Inc. 4 Office (3)/Industrial (1) 5.4%
Dana Corporation 9 Industrial 4.8
Kmart Corporation/ Sears Roebuck & Co. 8 Industrial(2)/Retail (6) 4.1
Wells Fargo Home Mortgage, Inc. 4 Office 2.6
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
--- ----
38 30.1%
=== ====
(A) Includes proportionate share of joint venture investments and rental revenue
recognized from properties sold through the date of sale.
(B) As of December 31, 2006.
44