EX-12 4 v358823_ex12.htm EXHIBIT 12

Exhibit 12

LEXINGTON REALTY TRUST

and Consolidated Subsidiaries

($000's)

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

		Nine months ended September 30, (Unaudited)								For the years ended December 31,
Earnings		2013				2012				2012				2011				2010				2009				2008
Loss before benefit (provision) for income taxes, noncontrolling interests, equity in earnings (losses) of non-consolidated entities, gain on acquisition and discontinued operations		$	(787	)		$	(3,711	)		$	(9,598	)		$	(50,290	)		$	(28,240	)		$	(7,114	)		$	(2,349	)
Interest expense			67,030				68,909				95,443				102,736				111,287				115,489				135,071
Amortization expense - debt cost			2,555				2,492				3,360				3,742				5,229				4,508				4,013
Cash received from joint ventures			765				7,468				7,497				11,689				4,590				20,948				28,052
Total		$	69,563			$	75,158			$	96,702			$	67,877			$	92,866			$	133,831			$	164,787
Fixed charges:
Interest expense		$	67,030			$	68,909			$	95,443			$	102,736			$	111,287			$	115,489			$	135,071
Amortization expense - debt cost			2,555				2,492				3,360				3,742				5,229				4,508				4,013
Capitalized interest expense			1,793				1,946				3,062				1,769				765				602				350
Preferred stock dividends			8,261				15,793				20,291				24,507				24,872				25,281				26,915
Total		$	79,639			$	89,140			$	122,156			$	132,754			$	142,153			$	145,880			$	166,349
Ratio			N/A				N/A				N/A				N/A				N/A				N/A				N/A

N/A - Ratio is less than 1.0, deficit of $10,076, $13,982, $25,454, $64,877, $49,287, $12,049 and $1,562 exists at September 30, 2013 and 2012 and December 31, 2012, 2011, 2010, 2009 and 2008, respectively.

Exhibit 12

LEPERCQ CORPORATE INCOME FUND L. P.

and Consolidated Subsidiaries

($000's)

RATIO OF EARNINGS TO FIXED CHARGES

		Nine months ended
		September 30,								For the years ended
		(Unaudited)								December 31,
		2013				2012				2012				2011				2010				2009				2008
Earnings:
Earnings before provision for
income taxes, equity in losses of non-consolidated entity and discontinued operations		$	8,188			$	5,542			$	7,636			$	6,457			$	6,185			$	3,615			$	3,072
Interest expense			6,079				8,660				11,198				12,726				14,744				16,302				16,239
Amortization expense - debt cost			219				305				399				417				755				658				372
Total		$	14,486			$	14,507			$	19,233			$	19,600			$	21,684			$	20,575			$	19,683
Fixed charges:
Interest expense		$	6,079			$	8,660			$	11,198			$	12,726			$	14,744			$	16,302			$	16,239
Amortization expense - debt cost			219				305				399				417				755				658				372
Capitalized interest expense			32				49				49				88				5				83				-
Total		$	6,330			$	9,014			$	11,646			$	13,231			$	15,504			$	17,043			$	16,611
Ratio			2.29				1.61				1.65				1.48				1.40				1.21				1.18

Exhibit 12

LEPERCQ CORPORATE INCOME FUND II L.P.

and Consolidated Subsidiaries

($000's)

RATIO OF EARNINGS TO FIXED CHARGES

		Nine months ended
		September 30,								For the years ended
		(Unaudited)								December 31,
		2013				2012				2012				2011				2010				2009				2008
Earnings:
Earnings (loss) before provision for
income taxes and discontinued
operations		$	3,960			$	3,760			$	5,132			$	8,174			$	6,564			$	(282	)		$	(1,316	)
Interest expense			1,532				2,563				3,078				2,756				3,058				3,313				5,392
Amortization expense - debt cost			124				162				208				214				202				183				139
Total		$	5,616			$	6,485			$	8,418			$	11,144			$	9,824			$	3,214			$	4,215
Fixed charges:
Interest expense		$	1,532			$	2,563			$	3,078			$	2,756			$	3,058			$	3,313			$	5,392
Amortization expense - debt cost			124				162				208				214				202				183				139
Capitalized interest expense			-				-				-				661				-				-				-
Total		$	1,656			$	2,725			$	3,286			$	3,631			$	3,260			$	3,496			$	5,531
Ratio			3.39				2.38				2.56				3.07				3.01				N/A				N/A

N/A - ratio is less than 1.0, deficit of $282 and $1,316 exists at December 31, 2009 and 2008, respectively.