EX-99.1 2 v466480_ex99-1.htm EXHIBIT 99.1

EXHIBIT 99.1

LEXINGTON REALTY TRUST

QUARTERLY SUPPLEMENTAL INFORMATION

March 31, 2017

Table of Contents

Section |  | Page
First Quarter 2017 Earnings Press Release |  | 3
Portfolio Data |  |
Investment / Capital Recycling Summary |  | 15
Build-To-Suit Projects / Forward Purchase Commitments |  | 16
Leasing Summary |  | 17
Other Revenue Data |  | 19
Portfolio Detail by Asset Class |  | 21
Portfolio Composition |  | 22
Components of Net Asset Value |  | 23
Top Markets |  | 24
Single-Tenant Office Markets |  | 25
Tenant Industry Diversification |  | 26
Top 10 Tenants or Guarantors |  | 27
Lease Rollover Schedules – GAAP Basis |  | 28
Property Leases and Vacancies – Consolidated Portfolio |  | 30
Property Leases and Vacancies – Non-consolidated Portfolio |  | 37
Select Credit Metrics Summary |  | 38
Financial Covenants |  | 39
Mortgages and Notes Payable |  | 40
Debt Maturity Schedule |  | 43
Selected Balance Sheet and Income Statement Account Data |  | 44
Non-GAAP Measures – Definitions |  | 45
Reconciliation of Non-GAAP Measures |  | 47
Investor Information |  | 51

This Quarterly Earnings Press Release and Quarterly Supplemental Information contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the control of Lexington Realty Trust “Lexington”, which may cause actual results, performance or achievements of Lexington and its subsidiaries to be materially different from the results, performance, or other expectations implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in Lexington’s periodic reports filed with the Securities and Exchange Commission, including, but not limited to, risks related to: (1) the authorization of Lexington’s Board of Trustees of future dividend declarations, (2) Lexington’s ability to achieve its estimates of net income attributable to common shareholders and Adjusted Company FFO available to all equityholders and unitholders – diluted for the year ending December 31, 2017, (3) the successful consummation of any lease, acquisition, build-to-suit, disposition, financing or other transaction on the terms described herein or at all, (4) the failure to continue to qualify as a real estate investment trust, (5) changes in general business and economic conditions, including the impact of any new legislation, (6) competition, (7) increases in real estate construction costs, (8) changes in interest rates, (9) changes in accessibility of debt and equity capital markets, and (10) future impairment charges. Copies of the periodic reports Lexington files with the Securities and Exchange Commission are available on Lexington’s web site at www.lxp.com. Forward-looking statements, which are based on certain assumptions and describe Lexington’s future plans, strategies and expectations, are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “estimates,” “projects,” may,” “plans,” “predicts,” “will,” “will likely result,” “is optimistic,” “goal,” “objective” or similar expressions. Except as required by law, Lexington undertakes no obligation to revise those forward-looking statements to reflect events or circumstances after the occurrence of unanticipated events. Accordingly, there is no assurance that Lexington’s expectations will be realized.

L EXINGTON R EALTY T RUST

TRADED: NYSE: LXP

O NE PENN PLAZA, SUITE 4015

N EW YORK, NY 10119-4015

FOR IMMEDIATE RELEASE

LEXINGTON REALTY TRUST REPORTS FIRST QUARTER 2017 RESULTS

New York, NY - May 9, 2017 - Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the first quarter ended March 31, 2017.

First Quarter 2017 Highlights

| • | Generated Net Income attributable to common shareholders of $40.4 million, or $0.17 per diluted common share.

| • | Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (“Adjusted Company FFO”) of $57.8 million, or $0.23 per diluted common share.

| • | Acquired two industrial properties for an aggregated cost of $48.3 million and completed the last building of the Lake Jackson, TX build-to-suit project for $70.4 million.

| • | Invested $17.8 million in on-going build-to-suit projects.

| • | Sold seven properties for $92.8 million.

| • | Sold a non-consolidated interest for $6.2 million and collected $8.5 million in full satisfaction of a loan receivable.

| • | Sold the Kennewick, Washington loan receivable for $80.4 million.

| • | Completed 207,000 square feet of new leases and lease extensions with overall portfolio 96.2% leased at quarter end.

| • | Issued 1.6 million common shares at an average gross price of $10.89 per share under its ATM offering program.

Adjusted Company FFO is a non-GAAP financial measure. It and certain other non-GAAP financial measures are defined and reconciled later in this press release.

T. Wilson Eglin, Chief Executive Officer and President of Lexington Realty Trust, commented, “During the quarter, property and loan disposition volume totaled $188 million. Consistent with our strategy, these transactions further simplified our portfolio by addressing vacancy, considerably reduced our loan portfolio and contributed to increasing the weighted-average lease term of our office portfolio by almost 6% to 7.6 years. Sale proceeds are expected to be used to acquire industrial assets and to fund office and industrial build-to-suit projects. We continue to be well-positioned to act on investment opportunities as they arise over the balance of the year and expect to be most active in the industrial sector."

3

FINANCIAL RESULTS

Revenues

For the quarter ended March 31, 2017, total gross revenues were $96.1 million, compared with total gross revenues of $111.3 million for the quarter ended March 31, 2016. The decrease was primarily attributable to 2017 and 2016 property sales, particularly the sale of the New York City land investments in 2016, and lease expirations, partially offset by revenue generated from property acquisitions and new leases.

Net Income Attributable to Common Shareholders

For the quarter ended March 31, 2017, net income attributable to common shareholders was $40.4 million, or $0.17 per diluted share, compared with net income attributable to common shareholders for the quarter ended March 31, 2016 of $47.8 million, or $0.20 per diluted share.

Adjusted Company FFO

For the quarter ended March 31, 2017, Lexington generated Adjusted Company FFO of $57.8 million, or $0.23 per diluted share, compared to Adjusted Company FFO for the quarter ended March 31, 2016 of $71.8 million, or $0.29 per diluted share. The decrease was primarily attributable to the items discussed above under "Revenues".

Dividends/Distributions

As previously announced, during the first quarter of 2017, Lexington declared a regular quarterly common share/unit dividend/distribution for the quarter ended March 31, 2017 of $ 0.175 per common share/unit, which was paid on April 17, 2017 to common shareholders/unitholders of record as of March 31, 2017. Lexington also declared a dividend of $0.8125 per share on its Series C Cumulative Convertible Preferred Stock, which will be paid on May 15, 2017 to Series C Preferred Shareholders of record as of April 28, 2017.

TRANSACTION ACTIVITY

ACQUISITIONS AND COMPLETED BUILD-TO-SUIT TRANSACTIONS

Tenant |  | Location |  | Sq. Ft. |  |  | Property Type |  | Initial Basis ($000) |  |  | Estimated Annualized GAAP Rent ($000) |  |  | Initial Annualized Cash Rent ($000) |  |  | Estimated GAAP Yield |  |  | Initial Cash Yield |  |  | Approximate Lease Term (Yrs) |
The Dow Chemical Company(1) |  | Lake Jackson, TX |  |  | 275,000 |  |  | Office |  | $ | 70,401 |  |  | $ | 6,177 |  |  | $ | 5,022 |  |  |  | 9.5 | % |  |  | 7.7 | % |  |  | 20 |
Amazon.com.ksdc, LLC (Amazon.com Inc.) (2) |  | New Century, KS |  |  | 447,000 |  |  | Industrial |  |  | 12,056 |  |  |  | 1,240 |  |  |  | 1,049 |  |  |  | 7.1 | % |  |  | 6.0 | % |  |  | 10 |
Continental Tire the Americas, LLC(3) |  | Lebanon, IN |  |  | 742,000 |  |  | Industrial |  |  | 36,194 |  |  |  | 2,281 |  |  |  | 2,337 |  |  |  | 6.3 | % |  |  | 6.5 | % |  |  | 7 |
|  |  |  |  | 1,464,000 |  |  |  |  | $ | 118,651 |  |  | $ | 9,698 |  |  | $ | 8,408 |  |  |  | 8.1 | % |  |  | 7.0 | % |  |  |  |

| (1) | Final building completed. Estimated GAAP and cash yields reflect estimated annualized GAAP and initial cash rents for all four buildings of $14.9 million and $12.1 million, respectively, estimated costs of completion of all four buildings and estimated developer partner payout of approximately $8.0 million.

| (2) | Initial basis excludes a $2.3 million future tenant allowance, which was credited at closing. Property is subject to a ground lease with an initial annual payment of $188 thousand subject to CPI adjustments.

| (3) | Initial estimated annualized cash rent excludes a year-one partial rent abatement, which was credited at closing.

4

ON-GOING BUILD-TO-SUIT PROJECTS

Location |  | Sq. Ft. |  |  | Property Type |  | Maximum Commitment/ Estimated Completion Cost ($000) |  |  | GAAP Investment Balance as of 3/31/2017 ($000) |  |  | Estimated Acquisition/ Completion Date |  | Estimated Initial GAAP Yield |  |  | Estimated Initial Cash Yield |  |  | Approximate Lease Term (Yrs) |
Charlotte, NC |  |  | 201,000 |  |  | Office |  | $ | 62,445 |  |  | $ | 49,210 |  |  | 2Q 17 |  |  | 9.5 | % |  |  | 8.3 | % |  |  | 15 |
Opelika, AL |  |  | 165,000 |  |  | Industrial |  |  | 37,000 |  |  |  | 19,918 |  |  | 2Q 17 |  |  | 9.0 | % |  |  | 7.1 | % |  |  | 25 |
|  |  | 366,000 |  |  |  |  | $ | 99,445 |  |  | $ | 69,128 |  |  |  |  |  | 9.3 | % |  |  | 7.8 | % |  |  |  |

FORWARD PURCHASE COMMITMENTS

Location |  | Sq. Ft. |  |  | Property Type |  | Maximum Acquisition Cost ($000) |  | Estimated Acquisition Date |  |  | Estimated Initial GAAP Yield |  | Estimated Initial Cash Yield |  |  | Approximate Lease Term (Yrs) |
Grand Prairie, TX |  |  | 215,000 |  |  | Industrial |  | $24,725 |  |  | 2Q 17 |  |  | 7.6% |  |  | 6.2 | % |  |  | 20 |
Warren, MI(1) |  |  | 260,000 |  |  | Industrial |  | 47,000 |  |  | 3Q 17 |  |  | 8.3% |  |  | 7.3 | % |  |  | 15 |
|  |  | 475,000 |  |  |  |  | $71,725 |  |  |  |  |  | 8.0% |  |  | 6.9 | % |  |  |  |

(1) Lexington provided a $4.6 million letter of credit to secure its obligation to purchase this property.

PROPERTY DISPOSITIONS

Primary Tenant |  | Location |  | Property Type |  | Gross Disposition Price ($000) |  |  | Annualized Net Income(1) ($000) |  |  | Annualized NOI(1) ($000) |  |  | Month of Disposition |
JPMorgan Chase Bank National Association(2) |  | Lake Mary, FL |  | Office |  | $ | 38,000 |  |  | $ | 2,490 |  |  | $ | 3,245 |  |  |  | January |
Puget Consumers Co-op d/b/a PCC Natural Markets |  | Edmunds, WA |  | Other |  |  | 2,900 |  |  |  | 143 |  |  |  | 292 |  |  |  | January |
Carlson Restaurants, Inc. |  | Carrollton, TX |  | Office |  |  | 29,406 |  |  |  | 1,790 |  |  |  | 2,161 |  |  |  | February |
James Hardie Building Products, Inc. |  | Waxahachie, TX |  | Industrial |  |  | 16,420 |  |  |  | 1,850 |  |  |  | 3,400 |  |  |  | February |
Vacant |  | Garland, TX |  | Office |  |  | 1,900 |  |  |  | (12 | ) |  |  | (6 | ) |  |  | February |
Vacant |  | Foxboro, MA |  | Office |  |  | 4,130 |  |  |  | (1,105 | ) |  |  | (415 | ) |  |  | March |
|  |  |  |  |  | $ | 92,756 |  |  | $ | 5,156 |  |  | $ | 8,677 |  |  |  |  |

(1) Quarterly period prior to sale annualized.

(2) Includes two properties.

These sales resulted in aggregate gains of $34.2 million and aggregate impairment charges of $2.7 million.

In addition, Lexington sold its 40% tenant-in-common interest in the Oklahoma City, Oklahoma office property for $6.2 million resulting in a gain of $1.5 million.

LOAN INVESTMENT DISPOSITIONS

Lexington collected $8.5 million in full satisfaction of the loan receivable owed from a tenant-in-common of the Oklahoma City, Oklahoma office property. In addition, Lexington sold the Kennewick, Washington loan receivable for $80.4 million, which resulted in a loan loss of $5.3 million.

5

LEASING

During the first quarter of 2017, Lexington executed the following new and extended leases:

|  | LEASE EXTENSIONS |  |  |  |  |  |  |  |  |
|  | Location |  | Primary Tenant(1) |  | Prior Term |  | Lease Expiration Date |  | Sq. Ft. |
|  | Office/Multi-Tenant |  |  |  |  |  |  |  |  |  |  |  |
1 |  | Houston |  | TX |  | Ricoh USA, Inc |  | 01/2018 |  | 01/2019 |  |  | 78,895 |
2 |  | Philadelphia |  | PA |  | N/A |  | 03/2020 |  | 03/2021 |  |  | 1,220 |
2 |  | Total office lease extensions |  |  |  |  |  |  |  |  |  |  | 80,115 |
|  | Industrial / Multi-Tenant |  |  |  |  |  |  |  |  |  |  |  |
1 |  | Antioch |  | TN |  | N/A |  | 02/2017 |  | 02/2020 |  |  | 474 |
1 |  | Total industrial lease extensions |  |  |  |  |  |  |  |  |  |  | 474 |
|  | Other |  |  |  |  |  |  |  |  |  |  |  |
1 |  | Staunton |  | VA |  | Food Lion, LLC/Delhaize America, Inc |  | 02/2018 |  | 02/2023 |  |  | 23,000 |
2 |  | Lexington |  | NC |  | Food Lion, LLC/Delhaize America, Inc |  | 02/2018 |  | 02/2023 |  |  | 23,000 |
2 |  | Total other lease extensions |  |  |  |  |  |  |  |  |  |  | 46,000 |
5 |  | Total lease extensions |  |  |  |  |  |  |  |  |  |  | 126,589 |

|  | NEW LEASES |  |  |  |  |  |  |
|  | Location |  |  |  | Lease Expiration Date |  | Sq. Ft. |
|  | Office/Multi-Tenant |  |  |  |  |  |  |  |  |  |
1 |  | Houston |  | TX |  | Saipem America, Inc. |  | 03/2028 |  |  | 54,426 |
2 |  | Des Moines |  | IA |  | Marketlink, Inc. |  | 04/2018 |  |  | 24,385 |
3-6 |  | Honolulu |  | HI |  | N/A |  | 2017-2020 |  |  | 1,403 |
6 |  | Total new office leases |  |  |  |  |  |  |  |  | 80,214 |
6 |  | Total new leases |  |  |  |  |  |  |  |  | 80,214 |
11 |  | TOTAL NEW AND EXTENDED LEASES |  |  |  |  |  |  |  |  | 206,803 |

(1) Leases greater than 10,000 square feet.

As of March 31, 2017, Lexington's portfolio was 96.2% leased, excluding any property subject to a mortgage loan in default.

BALANCE SHEET/CAPITAL MARKETS

In the first quarter of 2017, Lexington issued 1,593,603 common shares at an average price of $10.89 per share under its ATM offering program.

6

2017 EARNINGS GUIDANCE

Lexington now estimates that its net income attributable to common shareholders per diluted common share for the year ended December 31, 2017 will be within an expected range of $0.57 to $0.61. Lexington is reaffirming that its Adjusted Company FFO for the year ended December 31, 2017 will be within an expected range of $0.94 to $0.98 per diluted common share. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

FIRST QUARTER 2017 CONFERENCE CALL

Lexington will host a conference call today, Tuesday, May 9, 2017, at 8:30 a.m. Eastern Time, to discuss its results for the quarter ended March 31, 2017. Interested parties may participate in this conference call by dialing 1-844-825-9783 (U.S.), 1-412-317-5163 (International) or 1-855-669-9657 (Canada). A replay of the call will be available through August 9, 2017, at 1-877-344-7529 (U.S.), 1-412-317-0088 (International) or 1-855-669-9658 (Canada), pin code for all replay numbers is 10105943. A live webcast of the conference call will be available at www.lxp.com within the Investors section.

7

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions. For more information, including Lexington's Quarterly Supplemental Information package, or to follow Lexington on social media, visit www.lxp.com.

Contact:

Investor or Media Inquiries for Lexington Realty Trust:

Heather Gentry, Senior Vice President of Investor Relations

Lexington Realty Trust

Phone: (212) 692-7200 E-mail: hgentry@lxp.com

This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under Lexington's control which may cause actual results, performance or achievements of Lexington to be materially different from the results, performance, or other expectations implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the headings “Management's Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in Lexington's periodic reports filed with the Securities and Exchange Commission, including risks related to: (1) the authorization by Lexington's Board of Trustees of future dividend declarations, (2) Lexington's ability to achieve its estimates of net income attributable to common shareholders and Adjusted Company FFO for the year ending December 31, 2017, (3) the successful consummation of any lease, acquisition, build-to-suit, disposition, financing or other transaction, (4) the failure to continue to qualify as a real estate investment trust, (5) changes in general business and economic conditions, including the impact of any legislation, (6) competition, (7) increases in real estate construction costs, (8) changes in interest rates, (9) changes in accessibility of debt and equity capital markets, and (10) future impairment charges. Copies of the periodic reports Lexington files with the Securities and Exchange Commission are available on Lexington's web site at www.lxp.com. Forward-looking statements, which are based on certain assumptions and describe Lexington's future plans, strategies and expectations, are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “estimates,” “projects”, “may,” “plans,” “predicts,” “will,” “will likely result,” “is optimistic,” “goal,” “objective” or similar expressions. Except as required by law, Lexington undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. Accordingly, there is no assurance that Lexington's expectations will be realized.

References to Lexington refer to Lexington Realty Trust and its consolidated subsidiaries. All interests in properties and loans are held, and all property operating activities are conducted, through special purpose entities, which are separate and distinct legal entities that maintain separate books and records, but in some instances are consolidated for financial statement purposes and/or disregarded for income tax purposes. The assets and credit of each special purpose entity with a property subject to a mortgage loan are not available to creditors to satisfy the debt and other obligations of any other person, including any other special purpose entity or affiliate. Consolidated entities that are not property owner subsidiaries do not directly own any of the assets of a property owner subsidiary (or the general partner, member of managing member of such property owner subsidiary), but merely hold partnership, membership or beneficial interests therein which interests are subordinate to the claims of the property owner subsidiary's (or its general partner's, member's or managing member's) creditors.

8

Non-GAAP Financial Measures - Definitions

Lexington has used non-GAAP financial measures as defined by the Securities and Exchange Commission Regulation G in this Quarterly Earnings Release and in other public disclosures.

Lexington believes that the measures defined below are helpful to investors in measuring our performance or that of an individual investment. Since these measures exclude certain items which are included in their respective most comparable measures under generally accepted accounting principles (“GAAP”), reliance on the measures has limitations; management compensates for these limitations by using the measures simply as supplemental measures that are weighed in balance with other GAAP measures. These measures are not necessarily indications of our cash flow available to fund cash needs. Additionally, they should not be used as an alternative to the respective most comparable GAAP measures when evaluating Lexington's financial performance or cash flow from operating, investing or financing activities or liquidity.

Cash Rent: Cash Rent is calculated by making adjustments to GAAP rent to remove the impact of GAAP required adjustments to rental income such as adjustments for straight-line rents relating to free rent periods and contractual rent increases. Cash Rent excludes lease termination income. Lexington believes Cash Rent provides a meaningful indication of an investment's ability to fund cash needs.

Company Funds Available for Distribution (“FAD”): FAD is calculated by making adjustments to Adjusted Company FFO (see below) for (1) straight-line adjustments, (2) lease incentive amortization, (3) amortization of above/below market leases, (4) lease termination payments, net, (5) non-cash interest, net, (6) non-cash charges, net, (7) cash paid for tenant improvements, and (8) cash paid for lease costs. Although FAD may not be comparable to that of other real estate investment trusts (“REITs”), Lexington believes it provides a meaningful indication of its ability to fund cash needs. FAD is a non-GAAP financial measure and should not be viewed as an alternative measurement of operating performance to net income, as an alternative to net cash flows from operating activities or as a measure of liquidity.

Funds from Operations (“FFO”) and Adjusted Company FFO: Lexington believes that Funds from Operations, or FFO, which is a non-GAAP measure, is a widely recognized and appropriate measure of the performance of an equity REIT. 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 GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate diminishes ratably over time. 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.

The National Association of Real Estate Investment Trusts, or NAREIT, defines FFO 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 non-consolidated partnerships and joint ventures.” NAREIT clarified its computation of FFO to exclude impairment charges on depreciable real estate owned directly or indirectly. FFO does not represent cash generated from operating activities in accordance with GAAP and is not indicative of cash available to fund cash needs.

Lexington presents FFO available to common shareholders and unitholders - basic and also presents FFO available to all equityholders and unitholders - diluted on a company-wide basis as if all securities that are convertible, at the holder's option, into Lexington’s common shares, are converted at the beginning of the period. Lexington also presents Adjusted Company FFO available to all equityholders and unitholders - diluted which adjusts FFO available to all equityholders and unitholders - diluted for certain items which we believe are not indicative of the operating results of Lexington's real estate portfolio. Lexington believes this is an appropriate presentation as it is frequently requested by security analysts, investors and other interested parties. Since others do not calculate these measures in a similar fashion, these measures may not be comparable to similarly titled measures as reported by others. These measures should not be considered as an alternative to net income as an indicator of Lexington’s operating performance or as an alternative to cash flow as a measure of liquidity.

GAAP and Cash Yield or Capitalization Rate: GAAP and cash yields or capitalization rates are measures of operating performance used to evaluate the individual performance of an investment. These measures are not presented or intended to be viewed as a liquidity or performance measure that present a numerical measure of Lexington's historical or future financial performance, financial position or cash flows. The yield or capitalization rate is calculated by dividing the annualized NOI (as defined below, except GAAP rent adjustments are added back to rental income to calculate GAAP yield or capitalization rate) the investment is expected to generate (or has generated) divided by the acquisition/completion cost (or sale) price.

Net Operating Income (“NOI”): NOI is a measure of operating performance used to evaluate the individual performance of an investment. This measure is not presented or intended to be viewed as a liquidity or performance measure that presents a numerical measure of Lexington's historical or future financial performance, financial position or cash flows. Lexington defines NOI as operating revenues (rental income (less GAAP rent adjustments and lease termination income), tenant reimbursements and other property income) less property operating expenses. Other REITs may use different methodologies for calculating NOI, and accordingly, Lexington's NOI may not be comparable to other companies. Because NOI excludes general and administrative expenses, interest expense, depreciation and amortization, acquisition-related expenses, other nonproperty income and losses, and gains and losses from property dispositions, it provides a performance measure that, when compared year over year, reflects the revenues and expenses directly associated with owning and operating commercial real estate and the impact to operations from trends in occupancy rates, rental rates, and operating costs, providing a perspective on operations not immediately apparent from net income. Lexington believes that net income is the most directly comparable GAAP measure to NOI.

# # #

9

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited and in thousands, except share and per share data)

|  | Three months ended March 31, |
|  | 2017 |  |  | 2016 |
Gross revenues: |  |  |  |  |  |  |  |
Rental |  | $ | 88,654 |  |  | $ | 103,220 |
Tenant reimbursements |  |  | 7,445 |  |  |  | 8,057 |
Total gross revenues |  |  | 96,099 |  |  |  | 111,277 |
Expense applicable to revenues: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | (42,891 | ) |  |  | (43,127 | )
Property operating |  |  | (12,116 | ) |  |  | (12,078 | )
General and administrative |  |  | (9,457 | ) |  |  | (7,775 | )
Non-operating income |  |  | 2,621 |  |  |  | 2,867 |
Interest and amortization expense |  |  | (19,725 | ) |  |  | (22,893 | )
Debt satisfaction charges, net |  |  | — |  |  |  | (162 | )
Impairment charges and loan losses |  |  | (7,992 | ) |  |  | — |
Gains on sales of properties |  |  | 34,193 |  |  |  | 17,015 |
Income before provision for income taxes and equity in earnings of non-consolidated entities |  |  | 40,732 |  |  |  | 45,124 |
Provision for income taxes |  |  | (422 | ) |  |  | (413 | )
Equity in earnings of non-consolidated entities |  |  | 1,910 |  |  |  | 5,742 |
Net income |  |  | 42,220 |  |  |  | 50,453 |
Less net income attributable to noncontrolling interests |  |  | (180 | ) |  |  | (1,010 | )
Net income attributable to Lexington Realty Trust shareholders |  |  | 42,040 |  |  |  | 49,443 |
Dividends attributable to preferred shares – Series C |  |  | (1,572 | ) |  |  | (1,572 | )
Allocation to participating securities |  |  | (71 | ) |  |  | (90 | )
Net income attributable to common shareholders |  | $ | 40,397 |  |  | $ | 47,781 |
Net income attributable to common shareholders - per common share basic |  | $ | 0.17 |  |  | $ | 0.21 |
Weighted-average common shares outstanding – basic |  |  | 237,179,526 |  |  |  | 232,642,803 |
Net income attributable to common shareholders - per common share diluted |  | $ | 0.17 |  |  | $ | 0.20 |
Weighted-average common shares outstanding – diluted |  |  | 241,088,049 |  |  |  | 238,885,171 |

10

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited and in thousands, except share and per share data)

|  | March 31, 2017 |  |  | December 31, 2016 |
Assets: |  |  |  |  |  |  |  |
Real estate, at cost |  | $ | 3,577,239 |  |  | $ | 3,533,172 |
Real estate - intangible assets |  |  | 574,570 |  |  |  | 597,294 |
Investments in real estate under construction |  |  | 69,128 |  |  |  | 106,652 |
|  |  | 4,220,937 |  |  |  | 4,237,118 |
Less: accumulated depreciation and amortization |  |  | 1,193,639 |  |  |  | 1,208,792 |
Real estate, net |  |  | 3,027,298 |  |  |  | 3,028,326 |
Assets held for sale |  |  | 10,080 |  |  |  | 23,808 |
Cash and cash equivalents |  |  | 177,301 |  |  |  | 86,637 |
Restricted cash |  |  | 63,548 |  |  |  | 31,142 |
Investment in and advances to non-consolidated entities |  |  | 62,963 |  |  |  | 67,125 |
Deferred expenses, net |  |  | 32,431 |  |  |  | 33,360 |
Loans receivable, net |  |  | — |  |  |  | 94,210 |
Rent receivable – current |  |  | 6,622 |  |  |  | 7,516 |
Rent receivable – deferred |  |  | 35,811 |  |  |  | 31,455 |
Other assets |  |  | 30,651 |  |  |  | 37,888 |
Total assets |  | $ | 3,446,705 |  |  | $ | 3,441,467 |
Liabilities and Equity: |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |
Mortgages and notes payable, net |  | $ | 730,310 |  |  | $ | 738,047 |
Term loans payable, net |  |  | 501,348 |  |  |  | 501,093 |
Senior notes payable, net |  |  | 494,571 |  |  |  | 494,362 |
Trust preferred securities, net |  |  | 127,121 |  |  |  | 127,096 |
Dividends payable |  |  | 47,719 |  |  |  | 47,264 |
Liabilities held for sale |  |  | 48 |  |  |  | 191 |
Accounts payable and other liabilities |  |  | 44,326 |  |  |  | 59,601 |
Accrued interest payable |  |  | 11,870 |  |  |  | 6,704 |
Deferred revenue - including below market leases, net |  |  | 41,464 |  |  |  | 39,895 |
Prepaid rent |  |  | 17,934 |  |  |  | 14,723 |
Total liabilities |  |  | 2,016,711 |  |  |  | 2,028,976 |
Commitments and contingencies |  |  |  |  |  |  |  |
Equity: |  |  |  |  |  |  |  |
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares: |  |  |  |  |  |  |  |
Series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding |  |  | 94,016 |  |  |  | 94,016 |
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 240,394,082 and 238,037,177 shares issued and outstanding in 2017 and 2016, respectively |  |  | 24 |  |  |  | 24 |
Additional paid-in-capital |  |  | 2,819,058 |  |  |  | 2,800,736 |
Accumulated distributions in excess of net income |  |  | (1,502,217 | ) |  |  | (1,500,966 | )
Accumulated other comprehensive income (loss) |  |  | 259 |  |  |  | (1,033 | )
Total shareholders’ equity |  |  | 1,411,140 |  |  |  | 1,392,777 |
Noncontrolling interests |  |  | 18,854 |  |  |  | 19,714 |
Total equity |  |  | 1,429,994 |  |  |  | 1,412,491 |
Total liabilities and equity |  | $ | 3,446,705 |  |  | $ | 3,441,467 |

11

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

EARNINGS PER SHARE

(Unaudited and in thousands, except share and per share data)

|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
EARNINGS PER SHARE: |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 40,397 |  |  | $ | 47,781 |
Weighted-average number of common shares outstanding - basic |  |  | 237,179,526 |  |  |  | 232,642,803 |
Net income attributable to common shareholders - per common share basic |  | $ | 0.17 |  |  | $ | 0.21 |
Diluted: |  |  |  |  |  |  |  |
Net income attributable to common shareholders - basic |  | $ | 40,397 |  |  | $ | 47,781 |
Impact of assumed conversions |  |  | (19 | ) |  |  | 1,046 |
Net income attributable to common shareholders |  | $ | 40,378 |  |  | $ | 48,827 |
Weighted-average common shares outstanding - basic |  |  | 237,179,526 |  |  |  | 232,642,803 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Share options |  |  | 136,881 |  |  |  | 132,191 |
6.00% Convertible Guaranteed Notes |  |  | — |  |  |  | 1,941,237 |
Operating Partnership Units |  |  | 3,771,642 |  |  |  | 3,820,192 |
Non-vested shares |  |  | — |  |  |  | 348,748 |
Weighted-average common shares outstanding - diluted |  |  | 241,088,049 |  |  |  | 238,885,171 |
Net income attributable to common shareholders - per common share diluted |  | $ | 0.17 |  |  | $ | 0.20 |

12

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

ADJUSTED COMPANY FUNDS FROM OPERATIONS & COMPANY FUNDS AVAILABLE FOR DISTRIBUTION

(Unaudited and in thousands, except share and per share data)

|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
FUNDS FROM OPERATIONS: |  |  |  |  |  |  |  |
Basic and Diluted: |  |  |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 40,397 |  |  | $ | 47,781 |
Adjustments: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 41,542 |  |  |  | 41,193 |
Impairment charges - real estate |  |  | 2,698 |  |  |  | — |
Noncontrolling interests - OP units |  |  | (19 | ) |  |  | 735 |
Amortization of leasing commissions |  |  | 1,349 |  |  |  | 1,934 |
Joint venture and noncontrolling interest adjustment |  |  | 340 |  |  |  | 236 |
Gains on sales of properties, including non-consolidated entities |  |  | (35,645 | ) |  |  | (22,343 | )
FFO available to common shareholders and unitholders - basic |  |  | 50,662 |  |  |  | 69,536 |
Preferred dividends |  |  | 1,572 |  |  |  | 1,572 |
Interest and amortization on 6.00% Convertible Guaranteed Notes |  |  | — |  |  |  | 252 |
Amount allocated to participating securities |  |  | 71 |  |  |  | 90 |
FFO available to all equityholders and unitholders - diluted |  |  | 52,305 |  |  |  | 71,450 |
Debt satisfaction charges, net |  |  | — |  |  |  | 162 |
Loan loss |  |  | 5,294 |  |  |  | — |
Transaction costs |  |  | 186 |  |  |  | 146 |
Adjusted Company FFO available to all equityholders and unitholders - diluted |  |  | 57,785 |  |  |  | 71,758 |
FUNDS AVAILABLE FOR DISTRIBUTION: |  |  |  |  |  |  |  |
Adjustments: |  |  |  |  |  |  |  |
Straight-line adjustments |  |  | (2,909 | ) |  |  | (11,139 | )
Lease incentives |  |  | 431 |  |  |  | 423 |
Amortization of above/below market leases |  |  | 514 |  |  |  | 456 |
Lease termination payments, net |  |  | 235 |  |  |  | (2,411 | )
Non-cash interest, net |  |  | 155 |  |  |  | (382 | )
Non-cash charges, net |  |  | 2,146 |  |  |  | 2,207 |
Tenant improvements |  |  | (1,762 | ) |  |  | (720 | )
Lease costs |  |  | (1,671 | ) |  |  | (1,230 | )
Company Funds Available for Distribution |  | $ | 54,924 |  |  | $ | 58,962 |
Per Common Share and Unit Amounts |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
FFO |  | $ | 0.21 |  |  | $ | 0.29 |
Diluted: |  |  |  |  |  |  |  |
FFO |  | $ | 0.21 |  |  | $ | 0.29 |
Adjusted Company FFO |  | $ | 0.23 |  |  | $ | 0.29 |
Basic: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding - basic EPS |  |  | 237,179,526 |  |  |  | 232,642,803 |
Operating partnership units(1) |  |  | 3,771,642 |  |  |  | 3,820,192 |
Weighted-average common shares outstanding - basic FFO |  |  | 240,951,168 |  |  |  | 236,462,995 |
Diluted: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding - diluted EPS |  |  | 241,088,049 |  |  |  | 238,885,171 |
Unvested share-based payment awards |  |  | 691,936 |  |  |  | — |
Preferred shares - Series C |  |  | 4,710,570 |  |  |  | 4,710,570 |
Weighted-average common shares outstanding - diluted FFO |  |  | 246,490,555 |  |  |  | 243,595,741 |

| (1) | Includes OP units other than OP units held by Lexington.

13

LEXINGTON REALTY TRUST AND CONSOLIDATED SUBSIDIARIES

RECONCILIATION OF NON-GAAP MEASURES

2017 EARNINGS GUIDANCE

|  | Twelve Months Ended December 31, 2017 |
|  | Range |
Estimated: |  |  |  |  |  |  |  |
Net income attributable to common shareholders per diluted common share(1) |  | $ | 0.57 |  |  | $ | 0.61 |
Depreciation and amortization |  |  | 0.68 |  |  |  | 0.68 |
Impact of capital transactions |  |  | (0.31 | ) |  |  | (0.31 | )
Estimated Adjusted Company FFO per diluted common share |  | $ | 0.94 |  |  | $ | 0.98 |

| (1) | Assumes all convertible securities are dilutive.

14

LEXINGTON REALTY TRUST

2017 First Quarter Investment / Capital Recycling Summary

PROPERTY INVESTMENTS

|  | Primary Tenant (Guarantor) |  | Location |  | Property Type |  | Initial Basis ($000) |  |  | Initial Estimated Annualized GAAP Rent ($000) |  |  | Initial Estimated Annualized Cash Rent ($000) (1) |  |  | Initial Estimated GAAP Yield (1) |  |  | Initial Estimated Cash Yield (1) |  |  | Month Closed |  | Primary Lease Expiration
1 |  | The Dow Chemical Company(2) |  | Lake Jackson |  | TX |  | Office |  | $ | 70,401 |  |  | $ | 6,177 |  |  | $ | 5,022 |  |  |  | 9.5 | % |  |  | 7.7 | % |  | Jan |  | 10/2036
2 |  | Amazon.com.ksdc, LLC (Amazon.com, Inc.) (3) |  | New Century |  | KS |  | Industrial |  |  | 12,056 |  |  |  | 1,240 |  |  |  | 1,049 |  |  |  | 7.1 | % |  |  | 6.0 | % |  | Feb |  | 01/2027
3 |  | Continental Tire the Americas, LLC (4) |  | Lebanon |  | IN |  | Industrial |  |  | 36,194 |  |  |  | 2,281 |  |  |  | 2,337 |  |  |  | 6.3 | % |  |  | 6.5 | % |  | Feb |  | 01/2024
3 |  | TOTAL PROPERTY INVESTMENTS |  |  |  |  |  |  |  | $ | 118,651 |  |  | $ | 9,698 |  |  | $ | 8,408 |  |  |  | 8.1 | % |  |  | 7.0 | % |  |  |  |

CAPITAL RECYCLING

|  | PROPERTY DISPOSITIONS (5) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Primary Tenant |  | Location |  | Property Type |  | Gross Sale Price ($000) |  |  | Annualized Net Income ($000) (6) |  |  | Annualized NOI ($000)(1)(6) |  |  | Month of Disposition |  | % Leased |  |  | Gross Sale Price PSF |
1-2 |  | JPMorgan Chase Bank, National Association |  | Lake Mary |  | FL |  | Office |  | $ | 38,000 |  |  | $ | 2,490 |  |  | $ | 3,245 |  |  | Jan |  |  | 100 | % |  | $ | 151.35 |
3 |  | Puget Consumers Co-op d/b/a PCC Natural Markets |  | Edmonds |  | WA |  | Other |  |  | 2,900 |  |  |  | 143 |  |  |  | 292 |  |  | Jan |  |  | 100 | % |  |  | 81.79 |
4 |  | Carlson Restaurants Inc. |  | Carrollton |  | TX |  | Office |  |  | 29,406 |  |  |  | 1,790 |  |  |  | 2,161 |  |  | Feb |  |  | 100 | % |  |  | 226.20 |
5 |  | James Hardie Building Products, Inc. |  | Waxahachie |  | TX |  | Industrial |  |  | 16,420 |  |  |  | 1,850 |  |  |  | 3,400 |  |  | Feb |  |  | 100 | % |  |  | 48.93 |
6 |  | Vacancy |  | Garland |  | TX |  | Office |  |  | 1,900 |  |  |  | (12 | ) |  |  | (6 | ) |  | Feb |  |  | 0 | % |  |  | 6.82 |
7 |  | Vacancy |  | Foxboro |  | MA |  | Office |  |  | 4,130 |  |  |  | (1,105 | ) |  |  | (415 | ) |  | March |  |  | 0 | % |  |  | 48.91 |
7 |  | TOTAL PROPERTY DISPOSITIONS |  |  |  |  |  |  |  | $ | 92,756 |  |  | $ | 5,156 |  |  | $ | 8,677 |  |  |  |  |  |  |  |  |  |  |

|  | LOAN INVESTMENT SATISFACTIONS |  |  |  |  |  |  |  |
|  | Location |  | Satisfaction ($000) |  |  | Basis ($000) |  |  | Month
1 |  | Kennewick, WA (7) |  | $ | 80,385 |  |  | $ | 85,234 |  |  | February
2 |  | Oklahoma City, OK |  |  | 8,420 |  |  |  | 8,420 |  |  | February
2 |  | TOTAL LOAN INVESTMENT SATISFACTIONS |  | $ | 88,805 |  |  | $ | 93,654 |  |  |

Footnotes

| (1) | See definitions of non-GAAP measures and reconciliations to applicable GAAP measures in this document.

| (2) | Final building completed. Estimated GAAP and cash yields reflect estimated annualized GAAP and initial cash rents for all four buildings of $14.9 million and $12.1 million, respectively, estimated costs of completion of all four buildings, and estimated developer partner payout of approximately $8.0 million.

| (3) | Initial basis excludes a $2.3 million future tenant allowance, which was credited at closing. Property subject to a ground lease with an initial annual payment of $188 thousand subject to CPI adjustments.

| (4) | Initial estimated annualized cash rent excludes a year-one partial rent abatement, which was credited at closing.

| (5) | In addition, Lexington received $6.2 million for the sale of its interest in an office property in Oklahoma City, OK.

| (6) | 4Q 2016 annualized.

| (7) | Assignment.

15

LEXINGTON REALTY TRUST

2017 First Quarter Build-to-Suit Projects / Forward Purchase Commitments

BUILD-TO-SUIT PROJECTED CONSTRUCTION FUNDING SCHEDULE (1)

|  | Location |  | Sq. Ft |  | Property Type |  | Approximate Lease Term (Years) |  | Maximum Commitment/ Estimated Completion Cost ($000) |  |  | Investment balance as of 3/31/17 ($000) (2) |  |  | Estimated Cash Investment Next 12 Months ($000) |  |  | Estimated Completion/ Acquisition Date |  | Estimated Initial GAAP Yield (3) |  |  | Estimated Initial Cash Yield (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Q2 2017 |  |  | Q3 2017 |  |  | Q4 2017 |  |  | Q1 2018 |  |  |  |  |  |  |  |  |
1 |  | Charlotte |  | NC |  | 201,000 |  | Office |  | 15 |  | $ | 62,445 |  |  | $ | 49,210 |  |  | $ | 12,300 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | 2Q 17 |  |  | 9.5 | % |  |  | 8.3 | %
2 |  | Opelika |  | AL |  | 165,000 |  | Industrial |  | 25 |  |  | 37,000 |  |  |  | 19,918 |  |  |  | 16,600 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | 2Q 17 |  |  | 9.0 | % |  |  | 7.1 | %
2 |  | TOTAL BUILD-TO-SUIT PROJECTS |  | $ | 99,445 |  |  | $ | 69,128 |  |  | $ | 28,900 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  |  |  |  |  |  |  |  |  |

FORWARD PURCHASE COMMITMENTS (1)

|  | Location |  | Sq. Ft. |  |  | Property Type |  | Approximate Lease Term (Years) |  | Maximum Acquisition Cost ($000) |  |  | Estimated Completion Date |  | Estimated GAAP Yield (3) |  |  | Estimated Initial Cash Yield (3) |
1 |  | Grand Prairie, TX |  |  | 215,000 |  |  | Industrial |  | 20 |  | $ | 24,725 |  |  | 2Q 17 |  |  | 7.6 | % |  |  | 6.2 | %
2 |  | Warren, MI (4) |  |  | 260,000 |  |  | Industrial |  | 15 |  |  | 47,000 |  |  | 3Q 17 |  |  | 8.3 | % |  |  | 7.3 | %
|  |  |  |  |  |  |  |  |  |  |  | $ | 71,725 |  |  |  |  |  |  |  |  |  |  |
2 |  | TOTAL FORWARD PURCHASE COMMITMENTS |

Footnotes

| (1) | Lexington can give no assurance that any of the build-to-suit projects or other potential investments that are under commitment or contract or in process will be completed or, if completed, will perform to Lexington's expectations.

| (2) | Investment balance in accordance with GAAP included in investment in real estate under construction. Aggregate equity invested is $70.7 million.

| (3) | See definitions of non-GAAP measures and reconciliations to applicable GAAP measures in this document.

| (4) | Lexington provided a $4.6 million letter of credit to secure its obligation to purchase this property.

16

LEXINGTON REALTY TRUST

2017 First Quarter Leasing Summary

LEASE EXTENSIONS

|  | Tenant |  | Location |  | Prior Term |  | Lease Expiration Date |  | Sq. Ft. |  |  | New GAAP Rent Per Annum ($000)(1) |  |  | Prior GAAP Rent Per Annum ($000) |  |  | New Cash Rent Per Annum ($000)(1)(3) |  |  | Prior Cash Rent Per Annum ($000)(3) |
|  | Office / Multi-Tenant Office |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | Ricoh USA, Inc. |  | Houston |  | TX |  | 01/2018 |  | 01/2019 |  |  | 78,895 |  |  | $ | 1,183 |  |  | $ | 1,154 |  |  | $ | 1,183 |  |  | $ | 1,144 |
2 |  | Car-Tel Communications, Inc. |  | Philadelphia |  | PA |  | 03/2020 |  | 03/2021 |  |  | 1,220 |  |  |  | 62 |  |  |  | 56 |  |  |  | 62 |  |  |  | 56 |
2 |  | Total office lease extensions |  |  |  |  |  |  |  |  |  |  | 80,115 |  |  | $ | 1,245 |  |  | $ | 1,210 |  |  | $ | 1,245 |  |  | $ | 1,200 |
|  | Industrial / Multi-Tenant Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | Amerifleet Transportation, Inc. |  | Antioch |  | TN |  | 02/2017 |  | 02/2020 |  |  | 474 |  |  | $ | 28 |  |  | $ | 26 |  |  | $ | 28 |  |  | $ | 26 |
1 |  | Total industrial lease extension |  |  |  |  |  |  |  |  |  |  | 474 |  |  | $ | 28 |  |  | $ | 26 |  |  | $ | 28 |  |  | $ | 26 |
|  |  |  |  |  |  |  | ` |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | Food Lion, LLC / Delhaize America, Inc. |  | Staunton |  | VA |  | 02/2018 |  | 02/2023 |  |  | 23,000 |  |  | $ | 166 |  |  | $ | 166 |  |  | $ | 166 |  |  | $ | 166 |
2 |  | Food Lion, LLC / Delhaize America, Inc. |  | Lexington |  | NC |  | 02/2018 |  | 02/2023 |  |  | 23,000 |  |  |  | 138 |  |  |  | 138 |  |  |  | 138 |  |  |  | 138 |
2 |  | Total other lease extensions |  |  |  |  |  |  |  |  |  |  | 46,000 |  |  | $ | 304 |  |  | $ | 304 |  |  | $ | 304 |  |  | $ | 304 |
5 |  | TOTAL EXTENDED LEASES |  |  |  |  |  |  |  |  |  |  | 126,589 |  |  | $ | 1,577 |  |  | $ | 1,540 |  |  | $ | 1,577 |  |  | $ | 1,530 |

NEW LEASES

|  | Tenant (Guarantor) |  | Location |  | Lease Expiration Date |  | Sq. Ft. |  |  | New GAAP Rent Per Annum ($000)(1) |  |  | New Cash Rent Per Annum ($000)(1)(3) |
|  | Office/Multi-Tenant Office |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | Saipem America, Inc. (Saipem S.p.A.) |  | Houston |  | TX |  | 03/2028 |  |  | 54,426 |  |  | $ | 699 |  |  | $ | 735 |
2 |  | Marketlink, Inc. |  | Des Moines |  | IA |  | 04/2018 |  |  | 24,385 |  |  |  | 317 |  |  |  | 317 |
3-6 |  | Various |  | Honolulu |  | HI |  | 2017-2020 |  |  | 1,403 |  |  |  | 12 |  |  |  | 12 |
6 |  | Total office new leases |  |  |  |  |  |  |  |  | 80,214 |  |  | $ | 1,028 |  |  | $ | 1,064 |
6 |  | TOTAL NEW LEASES |  |  |  |  |  |  |  |  | 80,214 |  |  | $ | 1,028 |  |  | $ | 1,064 |
11 |  | TOTAL NEW AND EXTENDED LEASES |  |  |  |  |  |  |  |  | 206,803 |  |  | $ | 2,605 |  |  | $ | 2,641 |

17

LEXINGTON REALTY TRUST

2017 First Quarter Leasing Summary (Continued)

LEASE NON-RENEWALS (2)

|  | Tenant (Guarantor) |  | Location |  | Lease Expiration Date |  | Sq. Ft. |  |  | YTD 12/31/2016 GAAP Rent ($000) (4) |  |  | YTD 12/31/2016 Cash Rent ($000)(3)(4) |
|  | Office |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.) (5) |  | Houston |  | TX |  | 01/2017 |  |  | 155,040 |  |  | $ | 2,576 |  |  | $ | 2,636 |
2 |  | Roche Diagnostics Operations, Inc. |  | Fishers |  | IN |  | 01/2017 |  |  | 193,000 |  |  |  | 2,935 |  |  |  | 3,579 |
2 |  | TOTAL LEASE NON-RENEWALS |  |  |  |  |  |  |  |  | 348,040 |  |  | $ | 5,511 |  |  | $ | 6,215 |

Footnotes

| (1) | Assumes twelve months rent from the later of 4/1/17 or lease commencement/extension, excluding free rent periods as applicable.

| (2) | Excludes multi-tenant properties.

| (3) | See definitions of non-GAAP measures and reconciliations to applicable GAAP measures in this document.

| (4) | Excludes termination income.

| (5) | Lexington re-leased 54,426 square feet through 03/2028.

18

LEXINGTON REALTY TRUST

Other Revenue Data

3/31/2017

($000)

Other Revenue Data

|  | GAAP Rent |
Asset Class |  | Three months ended |
|  | 3/31/17 (1) |  |  | 3/31/17 Percentage |  |  | 3/31/16 Percentage (5) |
Office |  | $ | 44,810 |  |  |  | 52.2 | % |  |  | 49.0 | %
Industrial |  |  | 35,507 |  |  |  | 41.4 | % |  |  | 33.4 | %
Multi-tenant |  |  | 2,657 |  |  |  | 3.1 | % |  |  | 1.8 | %
Other |  |  | 2,870 |  |  |  | 3.3 | % |  |  | 15.8 | %
|  | $ | 85,844 |  |  |  | 100.0 | % |  |  | 100.0 | %

|  | GAAP Rent |
Credit Ratings (2) |  | Three months ended |
|  | 3/31/17 (1) |  |  | 3/31/17 Percentage |  |  | 3/31/16 Percentage |
Investment Grade |  | $ | 33,736 |  |  |  | 39.3 | % |  |  | 32.2 | %
Non-Investment Grade |  |  | 13,768 |  |  |  | 16.0 | % |  |  | 14.1 | %
Unrated |  |  | 38,340 |  |  |  | 44.7 | % |  |  | 53.7 | %
|  | $ | 85,844 |  |  |  | 100.0 | % |  |  | 100.0 | %

Weighted-Average Lease Term - Cash Basis | As of 3/31/17 |  | As of 3/31/16 |
| 8.8 years |  | 9.2 years | (3)

Rent Estimates for Current Assets

Year |  | GAAP (4) |  |  | Cash (4) |  |  | Difference |
2017 - remaining |  | $ | 256,013 |  |  | $ | 242,828 |  |  | $ | (13,185 | )
2018 |  |  | 328,357 |  |  |  | 316,413 |  |  |  | (11,944 | )

Footnotes

| (1) | Three months ended 3/31/2017 GAAP rent, excluding termination income, recognized for consolidated properties owned as of 3/31/2017.

| (2) | Credit ratings are based upon either tenant, guarantor or parent. Generally, multi-tenant assets are included in unrated.

| (3) | Adjusted to reflect NY land leases to first purchase option date.

| (4) | Amounts assume (1) lease terms for non-cancellable periods only, (2) no new or renegotiated leases are entered into after 3/31/2017, and (3) no properties are sold or acquired after 3/31/2017.

| (5) | Houston, TX (Industrial Terminals Management L.L.C.) and Missouri City, TX (Vulcan Construction Materials, LP) reclassed to industrial from "other".

19

LEXINGTON REALTY TRUST

Other Revenue Data (Continued)

3/31/2017

($000)

Same-Store NOI (1)

|  | Three months ended March 31, |
|  | 2017 |  |  | 2016 |
Total Cash Rent |  | $ | 76,263 |  |  | $ | 77,286 |
Tenant Reimbursements |  |  | 6,254 |  |  |  | 6,647 |
Property Operating Expenses |  |  | (10,527 | ) |  |  | (9,864 | )
Same-Store NOI |  | $ | 71,990 |  |  | $ | 74,069 |
Change in Same-Store NOI |  |  | (2.8 | %) |  |  |  |

Same-Store Percent Leased (2) |  | As of 3/31/17 |  |  | As of 3/31/16 |
|  |  | 95.7 | % |  |  | 98.1 | %

Lease Escalation Data (3)

Footnotes

| (1) | NOI is on a consolidated cash basis for all consolidated properties except properties acquired and sold in 2017 and 2016 and properties subject to mortgage loans in default at March 31, 2017. See definitions of non-GAAP measures and reconciliations to applicable GAAP measures in this document.

| (2) | Excludes properties acquired or sold in 2017 and 2016 and properties subject to mortgage loans in default as of 3/31/2017.

| (3) | Based on three months consolidated cash rents for single-tenant leases (properties greater than 70% leased) owned as of March 31, 2017. Excludes parking operations and rents from prior tenants.

20

LEXINGTON REALTY TRUST

Portfolio Detail By Asset Class

3/31/2017

($000, except square footage)

Asset Class |  | YE 2014 |  |  | YE 2015 |  |  | YE 2016 |  |  | Q1 2017 |
Office |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
% of ABR (1) |  |  | 51.2 | % |  |  | 49.6 | % |  |  | 52.9 | % |  |  | 52.2 | %
LTL (5) |  |  | 31.4 | % |  |  | 23.2 | % |  |  | 26.9 | % |  |  | 33.6 | %
STL (6) |  |  | 68.6 | % |  |  | 76.8 | % |  |  | 73.1 | % |  |  | 66.4 | %
Leased |  |  | 98.6 | % |  |  | 99.6 | % |  |  | 99.6 | % |  |  | 99.6 | %
Wtd. Avg. Lease Term (2) |  |  | 7.4 |  |  |  | 7.2 |  |  |  | 7.2 |  |  |  | 7.6 |
Mortgage Debt |  | $ | 426,635 |  |  | $ | 329,696 |  |  | $ | 490,948 |  |  | $ | 484,815 |
% Investment Grade (1) |  |  | 53.3 | % |  |  | 48.0 | % |  |  | 48.1 | % |  |  | 51.3 | %
Square Feet |  |  | 13,264,134 |  |  |  | 12,847,877 |  |  |  | 11,569,940 |  |  |  | 11,115,737 |
Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
% of ABR (1) |  |  | 25.4 | % |  |  | 30.5 | % |  |  | 39.7 | % |  |  | 41.4 | %
LTL (5) |  |  | 47.9 | % |  |  | 47.4 | % |  |  | 50.8 | % |  |  | 47.7 | %
STL (6) |  |  | 52.1 | % |  |  | 52.6 | % |  |  | 49.2 | % |  |  | 52.3 | %
Leased |  |  | 99.7 | % |  |  | 99.6 | % |  |  | 99.9 | % |  |  | 99.9 | %
Wtd. Avg. Lease Term (2) |  |  | 8.8 |  |  |  | 10.1 |  |  |  | 10.4 |  |  |  | 10.3 |
Mortgage Debt |  | $ | 177,951 |  |  | $ | 292,293 |  |  | $ | 240,790 |  |  | $ | 239,059 |
% Investment Grade (1) |  |  | 26.6 | % |  |  | 27.9 | % |  |  | 26.2 | % |  |  | 27.0 | %
Square Feet |  |  | 22,745,140 |  |  |  | 25,693,585 |  |  |  | 27,476,653 |  |  |  | 28,329,380 |
Multi-Tenant |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
% of ABR (1) |  |  | 8.6 | % |  |  | 3.0 | % |  |  | 3.8 | % |  |  | 3.1 | %
Leased |  |  | 53.9 | % |  |  | 44.1 | % |  |  | 43.2 | % |  |  | 45.2 | %
Wtd. Avg. Lease Term (2) |  |  | 6.9 |  |  |  | 3.4 |  |  |  | 3.0 |  |  |  | 3.0 |
Mortgage Debt |  | $ | 116,763 |  |  | $ | 14,118 |  |  | $ | 10,586 |  |  | $ | 10,559 |
% Investment Grade (1) |  |  | 19.3 | % |  |  | 36.9 | % |  |  | 14.2 | % |  |  | 22.9 | %
Square Feet |  |  | 2,414,889 |  |  |  | 2,301,864 |  |  |  | 2,971,126 |  |  |  | 2,955,966 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
% of ABR (1) |  |  | 14.8 | % |  |  | 16.9 | % |  |  | 3.6 | % |  |  | 3.3 | %
LTL (5) |  |  | 86.8 | % |  |  | 88.0 | % |  |  | 42.7 | % |  |  | 39.4 | %
STL (6) |  |  | 13.2 | % |  |  | 12.0 | % |  |  | 57.3 | % |  |  | 60.6 | %
Leased |  |  | 94.3 | % |  |  | 98.0 | % |  |  | 100.0 | % |  |  | 100.0 | %
Wtd. Avg. Lease Term (2)(3) |  |  | 18.2 |  |  |  | 18.5 |  |  |  | 14.6 |  |  |  | 14.8 |
Mortgage Debt |  | $ | 226,645 |  |  | $ | 255,218 |  |  | $ | 2,849 |  |  | $ | 2,827 |
% Investment Grade (1) |  |  | 4.5 | % |  |  | 3.3 | % |  |  | 17.8 | % |  |  | 18.8 | %
Square Feet |  |  | 1,447,724 |  |  |  | 1,426,697 |  |  |  | 1,306,578 |  |  |  | 1,271,119 |
Loans Receivable |  | $ | 105,635 |  |  | $ | 95,871 |  |  | $ | 94,210 |  |  | $ | - |
Construction in progress (4) |  | $ | 121,184 |  |  | $ | 103,954 |  |  | $ | 111,771 |  |  | $ | 73,896 |

Footnotes

(1) Percentage of GAAP rent, excluding termination income, for consolidated properties owned as of each respective period.

(2) Cash basis.

(3) Cash basis adjusted to reflect NY land leases to the first purchase option date, as applicable.

(4) Includes development classified as real estate under construction on a consolidated basis.

(5) Long-term leases ("LTL") are defined as leases having a remaining term of ten years or longer.

(6) Short-term leases ("STL") are defined as leases having a remaining term of less than ten years.

21

LEXINGTON REALTY TRUST

Portfolio Composition

3/31/2017

Footnotes

(1) Based on gross book value of real estate assets and real estate under construction as of 3/31/2017.

(2) Based on respective period GAAP rent, excluding termination income.

22

LEXINGTON REALTY TRUST

Components of Net Asset Value

3/31/2017

($000)

The purpose of providing the following information is to enable readers to derive their own estimates of net asset value. This information is not intended to be an asset-by-asset or enterprise valuation.

Consolidated properties three month net operating income (NOI) (1) |  |  |  |
Office |  | $ | 41,878 |
Industrial |  |  | 34,481 |
Multi-Tenant |  |  | 938 |
Other |  |  | 1,807 |
Total Net Operating Income |  | $ | 79,104 |
Lexington's share of non-consolidated three month NOI (1) |  |  |  |
Office |  | $ | 104 |
Other |  |  | 264 |
|  | $ | 368 |
Other income |  |  |  |
Advisory fees |  | $ | 236 |
In service assets not fairly valued by capitalized NOI method (1) |  |  |  |
Wholly-owned assets less than 70% leased |  | $ | 103,542 |
Wholly-owned assets acquired in 2017 (2) |  | $ | 48,250 |
Non-consolidated asset completed in 2016 (3) |  | $ | 54,883 |
Add other assets: |  |  |  |
Assets held for sale |  | $ | 10,080 |
Development investment at cost incurred |  |  | 75,437 |
Cash and cash equivalents |  |  | 177,301 |
Restricted cash |  |  | 63,548 |
Accounts receivable, net |  |  | 6,622 |
Other assets |  |  | 30,651 |
Total other assets |  | $ | 363,639 |
Liabilities: |  |  |  |
Corporate level debt (face amount) |  | $ | 1,134,120 |
Mortgages and notes payable (face amount) |  |  | 737,260 |
Liabilities held for sale |  |  | 48 |
Dividends payable |  |  | 47,719 |
Accounts payable, accrued expenses and other liabilities |  |  | 74,130 |
Preferred stock, at liquidation value |  |  | 96,770 |
Lexington's share of non-consolidated mortgages |  |  | 8,441 |
Total deductions |  | $ | 2,098,488 |
Common shares & OP units at 3/31/2017 |  |  | 244,165,724 |

Footnotes

| (1) | NOI for the existing property portfolio at March 31, 2017, excludes NOI related to assets undervalued by a capitalized NOI method and assets held for sale. Assets undervalued by a capitalized NOI method are identified generally by occupancies under 70% and assets acquired in 2017. For assets in this category an NOI capitalization approach is not appropriate, and accordingly, Lexington's net book value has been used. See definitions of non-GAAP measures and reconciliations to applicable GAAP measures in this document.

| (2) | Excludes Lake Jackson, TX, which is included in NOI above.

| (3) | Lexington continues to fund loan completion close-out costs relating to Katy, TX.

23

LEXINGTON REALTY TRUST

Top Markets

3/31/2017

|  | Core Based Statistical Area (2) |  | Percent of GAAP Rent as of 3/31/17 (1) |
1 |  | Houston-Sugar Land-Baytown, TX |  |  | 10.7 | %
2 |  | Dallas-Fort Worth-Arlington, TX |  |  | 4.8 | %
3 |  | Memphis, TN-MS-AR |  |  | 4.7 | %
4 |  | Kansas City, MO-KS |  |  | 4.2 | %
5 |  | New York-Northern New Jersey-Long Island, NY-NJ-PA |  |  | 3.9 | %
6 |  | Kennewick-Pasco-Richland, WA |  |  | 3.8 | %
7 |  | Phoenix-Mesa-Scottsdale, AZ |  |  | 3.5 | %
8 |  | Richmond, VA |  |  | 3.4 | %
9 |  | Detroit-Warren-Livonia, MI |  |  | 2.9 | %
10 |  | Chicago-Naperville-Joliet, IL-IN-WI |  |  | 2.9 | %
11 |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  |  | 2.6 | %
12 |  | Denver-Aurora, CO |  |  | 2.3 | %
13 |  | Columbus, OH |  |  | 2.2 | %
14 |  | Las Vegas-Paradise, NV |  |  | 2.0 | %
15 |  | San Jose-Sunnyvale-Santa Clara, CA |  |  | 1.9 | %
16 |  | Jackson, MS |  |  | 1.8 | %
17 |  | Atlanta-Sandy Springs-Marietta, GA |  |  | 1.6 | %
18 |  | Washington-Arlington-Alexandria, DC-VA-MD-WV |  |  | 1.5 | %
19 |  | Indianapolis-Carmel, IN |  |  | 1.4 | %
20 |  | Charlotte-Gastonia-Rock Hill, NC-SC |  |  | 1.4 | %
|  | Total Top Markets (3) |  |  | 63.3 | %

Footnotes

| (1) | Three months ended 3/31/2017 GAAP rent, excluding termination income, recognized for consolidated properties owned as of 3/31/2017.

| (2) | A Core Based Statistical Area is the official term for a functional region based around an urban center of at least 10,000 people, based on standards published by the Office of Management and Budget (OMB) in 2000. These standards are used to replace the definitions of metropolitan areas that were defined in 1990.

| (3) | Total shown may differ from detailed amounts due to rounding.

24

LEXINGTON REALTY TRUST

Single-Tenant Office Markets (1)(2)

3/31/2017

Footnotes

| (1) | Three months ended 3/31/2017 GAAP rent, excluding termination income, recognized for consolidated single-tenant office properties owned as of 3/31/2017.

| (2) | A Core Based Statistical Area is the official term for a functional region based around an urban center of at least 10,000 people, based on standards published by the Office of Management and Budget (OMB) in 2000. These standards are used to replace the definitions of metropolitan areas that were defined in 1990.

25

LEXINGTON REALTY TRUST

Tenant Industry Diversification (1)

3/31/2017

Footnotes

(1) Three months ended 3/31/2017 GAAP rent, excluding termination income, recognized for consolidated properties owned as of 3/31/2017.

26

LEXINGTON REALTY TRUST

Top 10 Tenants or Guarantors

3/31/2017

Top 10 Tenants or Guarantors - GAAP Basis

Tenants or Guarantors |  | Number of Leases |  | Sq. Ft. Leased |  |  | Sq. Ft. Leased as a Percent of Consolidated Portfolio (2) |  |  | GAAP Rent as of 3/31/2017 ($000) (1) |  |  | Percent of GAAP Rent as of 3/31/2017 ($000) (1) (2) |
The Dow Chemical Company |  | 1 |  |  | 664,100 |  |  |  | 1.5 | % |  | $ | 3,481 |  |  |  | 4.1 | %
Preferred Freezer Services of Richland, LLC / Preferred Freezer Services, LLC & Preferred Freezer Services Operating, LLC |  | 1 |  |  | 456,412 |  |  |  | 1.0 | % |  |  | 3,283 |  |  |  | 3.8 | %
FedEx Corporation / Federal Express Corporation |  | 2 |  |  | 661,616 |  |  |  | 1.5 | % |  |  | 3,037 |  |  |  | 3.5 | %
Metalsa Structural Products, Inc. / Dana Structural Products, LLC / Dana Holding Corporation and Dana Limited |  | 7 |  |  | 2,053,359 |  |  |  | 4.7 | % |  |  | 2,485 |  |  |  | 2.9 | %
United States of America |  | 3 |  |  | 398,214 |  |  |  | 0.9 | % |  |  | 2,446 |  |  |  | 2.8 | %
Nissan North America, Inc. |  | 2 |  |  | 1,691,049 |  |  |  | 3.9 | % |  |  | 2,406 |  |  |  | 2.8 | %
Swiss Re America Holding Corporation / Westport Insurance Corporation / Swiss Re Management (US) Corporation |  | 2 |  |  | 476,123 |  |  |  | 1.1 | % |  |  | 1,961 |  |  |  | 2.3 | %
McGuireWoods LLP |  | 1 |  |  | 224,537 |  |  |  | 0.5 | % |  |  | 1,796 |  |  |  | 2.1 | %
Morgan, Lewis & Bockius LLP |  | 1 |  |  | 289,432 |  |  |  | 0.7 | % |  |  | 1,754 |  |  |  | 2.0 | %
Industrial Terminals Management, L.L.C. / Maritime Holdings (Delaware) LLC |  | 1 |  |  | 132,449 |  |  |  | 0.3 | % |  |  | 1,693 |  |  |  | 2.0 | %
|  | 21 |  |  | 7,047,291 |  |  |  | 16.1 | % |  | $ | 24,342 |  |  |  | 28.4 | %

Footnotes

(1) Three months ended 3/31/2017 GAAP rent, excluding termination income, recognized for consolidated properties owned as of 3/31/2017.

(2) Total shown may differ from detailed amounts due to rounding.

27

LEXINGTON REALTY TRUST

Lease Rollover Schedule - Consolidated Single-Tenant Properties GAAP Basis

3/31/2017

($000)

Year |  | Number of Leases Expiring |  |  | GAAP Rent as of 3/31/2017 |  |  | Percent of GAAP Rent as of 3/31/2017 |  |  | Percent of GAAP Rent as of 3/31/2016 |
2017 - remaining |  |  | 7 |  |  | $ | 2,255 |  |  |  | 2.7 | % |  |  | 4.3 | %
2018 |  |  | 28 |  |  |  | 5,826 |  |  |  | 7.1 | % |  |  | 6.1 | %
2019 |  |  | 24 |  |  |  | 7,867 |  |  |  | 9.5 | % |  |  | 7.7 | %
2020 |  |  | 12 |  |  |  | 3,924 |  |  |  | 4.8 | % |  |  | 5.8 | %
2021 |  |  | 12 |  |  |  | 5,362 |  |  |  | 6.5 | % |  |  | 6.0 | %
2022 |  |  | 4 |  |  |  | 2,068 |  |  |  | 2.5 | % |  |  | 3.3 | %
2023 |  |  | 9 |  |  |  | 3,271 |  |  |  | 4.0 | % |  |  | 3.0 | %
2024 |  |  | 11 |  |  |  | 4,193 |  |  |  | 5.1 | % |  |  | 3.1 | %
2025 |  |  | 18 |  |  |  | 7,939 |  |  |  | 9.6 | % |  |  | 8.4 | %
2026 |  |  | 14 |  |  |  | 4,522 |  |  |  | 5.5 | % |  |  | 5.0 | %
Thereafter |  |  | 51 |  |  |  | 35,281 |  |  |  | 42.8 | % |  |  | 43.5 | %
Total (1) |  |  | 190 |  |  | $ | 82,508 |  |  |  | 100.0 | % |  |  |  |

Footnotes

(1) Total shown may differ from detailed amounts due to rounding and does not include multi-tenant properties, parking operations and lease termination income.

28

LEXINGTON REALTY TRUST

Lease Rollover Schedule - Consolidated Properties GAAP Basis

3/31/2017

($000)

Year |  | Number of Leases Expiring |  |  | GAAP Rent as of 3/31/2017 |  |  | Percent of GAAP Rent as of 3/31/2017 |
2017 - remaining |  |  | 35 |  |  | $ | 2,391 |  |  |  | 2.8 | %
2018 |  |  | 43 |  |  |  | 6,405 |  |  |  | 7.6 | %
2019 |  |  | 31 |  |  |  | 8,256 |  |  |  | 9.7 | %
2020 |  |  | 15 |  |  |  | 3,949 |  |  |  | 4.7 | %
2021 |  |  | 18 |  |  |  | 6,329 |  |  |  | 7.5 | %
2022 |  |  | 4 |  |  |  | 2,068 |  |  |  | 2.4 | %
2023 |  |  | 9 |  |  |  | 3,271 |  |  |  | 3.9 | %
2024 |  |  | 12 |  |  |  | 4,193 |  |  |  | 5.0 | %
2025 |  |  | 19 |  |  |  | 8,041 |  |  |  | 9.5 | %
2026 |  |  | 14 |  |  |  | 4,522 |  |  |  | 5.3 | %
Thereafter |  |  | 52 |  |  |  | 35,281 |  |  |  | 41.7 | %
Total (1) |  |  | 252 |  |  | $ | 84,706 |  |  |  | 100.0 | %

Footnotes

(1) Total shown may differ from detailed amounts due to rounding and does not include parking operations and lease termination income.

29

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2017

Year of Lease Expiration |  | Date of Lease Expiration |  | Property Location |  | City |  | State |  | Note |  | Primary Tenant (Guarantor) |  | Sq.Ft. Leased or Available (1) |  |  | GAAP Rent as of 3/31/2017 ($000) (3) |  |  | Cash Rent as of 3/31/2017 ($000) (2) |  |  | 3/31/2017 Debt Balance ($000) |  |  | Debt Maturity
OFFICE PROPERTIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  | 9/30/2017 |  | 9201 East Dry Creek Rd. |  | Centennial |  | CO |  | — |  | Arrow Electronics, Inc. |  |  | 128,500 |  |  |  | 564 |  |  |  | 709 |  |  |  | - |  |  | -
|  | 10/31/2017 |  | 4455 American Way |  | Baton Rouge |  | LA |  | — |  | New Cingular Wireless PCS, LLC |  |  | 70,100 |  |  |  | 265 |  |  |  | 275 |  |  |  | - |  |  | -
|  |  |  | 5201 West Barraque St. |  | Pine Bluff |  | AR |  | — |  | Entergy Services, Inc. |  |  | 27,189 |  |  |  | 80 |  |  |  | 97 |  |  |  | - |  |  | -
|  | 12/1/2017 |  | 800 East Canal St. |  | Richmond |  | VA |  | 5 |  | CRG-Richmond Tenant, LLC |  |  | 42,947 |  |  |  | 82 |  |  |  | 82 |  |  |  | - |  |  | -
2018 |  | 2/28/2018 |  | 10475 Crosspoint Blvd. |  | Indianapolis |  | IN |  | — |  | DMC Insurance Inc. |  |  | 3,764 |  |  |  | 17 |  |  |  | 17 |  |  |  | - |  |  | -
|  |  |  | 850-950 Warrenville Rd. |  | Lisle |  | IL |  | — |  | Flexible Steel Lacing Company, d/b/a Flexco, Inc. |  |  | 7,535 |  |  |  | 36 |  |  |  | 36 |  |  |  | - |  |  | -
|  | 5/30/2018 |  | 13651 McLearen Rd. |  | Herndon |  | VA |  | — |  | United States of America |  |  | 159,644 |  |  |  | 851 |  |  |  | 935 |  |  |  | - |  |  | -
|  | 5/31/2018 |  | 8900 Freeport Pkwy. |  | Irving |  | TX |  | — |  | Pacific Union Financial, LLC. |  |  | 43,396 |  |  |  | 196 |  |  |  | 228 |  |  |  | - |  |  | -
|  | 6/30/2018 |  | 100 Barnes Rd. |  | Wallingford |  | CT |  | — |  | 3M Company |  |  | 44,400 |  |  |  | 127 |  |  |  | 132 |  |  |  | - |  |  | -
|  |  |  | 420 Riverport Rd. |  | Kingsport |  | TN |  | — |  | Kingsport Power Company |  |  | 42,770 |  |  |  | 32 |  |  |  | 78 |  |  |  | - |  |  | -
|  | 8/31/2018 |  | 3500 North Loop Rd. |  | McDonough |  | GA |  | — |  | Litton Loan Servicing LP |  |  | 62,218 |  |  |  | 246 |  |  |  | 341 |  |  |  | - |  |  | -
|  | 9/30/2018 |  | 1701 Market St. |  | Philadelphia |  | PA |  | — |  | CBC Restaurant Corp. |  |  | 8,070 |  |  |  | 53 |  |  |  | 56 |  |  |  | - |  |  | -
|  | 10/31/2018 |  | 3943 Denny Ave. |  | Pascagoula |  | MS |  | — |  | Huntington Ingalls Incorporated |  |  | 94,841 |  |  |  | 148 |  |  |  | 148 |  |  |  | - |  |  | -
|  | 12/22/2018 |  | 5200 Metcalf Ave. |  | Overland Park |  | KS |  | — |  | Swiss Re America Holding Corporation / Westport Insurance Corporation / Swiss Re Management (US) Corporation |  |  | 320,198 |  |  |  | 1,354 |  |  |  | 1,346 |  |  |  | 33,279 |  |  | 05/2019
2019 |  | 1/31/2019 |  | 2999 Southwest 6th St. |  | Redmond |  | OR |  | — |  | VoiceStream PCS I, LLC / T-Mobile West Corporation (T-Mobile USA, Inc.) |  |  | 77,484 |  |  |  | 367 |  |  |  | 446 |  |  |  | - |  |  | -
|  |  |  | 820 Gears Rd. |  | Houston |  | TX |  | — |  | Ricoh USA, Inc. |  |  | 78,895 |  |  |  | 287 |  |  |  | 283 |  |  |  | - |  |  | -
|  | 4/1/2019 |  | 9201 Stateline Rd. |  | Kansas City |  | MO |  | — |  | Swiss Re America Holding Corporation / Westport Insurance Corporation / Swiss Re Management (US) Corporation |  |  | 155,925 |  |  |  | 607 |  |  |  | 607 |  |  |  | 15,886 |  |  | 05/2019
|  | 6/19/2019 |  | 3965 Airways Blvd. |  | Memphis |  | TN |  | — |  | Federal Express Corporation |  |  | 521,286 |  |  |  | 1,753 |  |  |  | 1,764 |  |  |  | - |  |  | -
|  | 6/30/2019 |  | 3265 East Goldstone Dr. |  | Meridian |  | ID |  | — |  | VoiceStream PCS Holding, LLC / T-Mobile PCS Holdings, LLC (T-Mobile USA, Inc.) |  |  | 77,484 |  |  |  | 276 |  |  |  | 363 |  |  |  | 8,770 |  |  | 08/2019
|  | 7/15/2019 |  | 19019 North 59th Ave. |  | Glendale |  | AZ |  | — |  | Honeywell International Inc. |  |  | 252,300 |  |  |  | 475 |  |  |  | 484 |  |  |  | - |  |  |
|  | 7/31/2019 |  | 500 Jackson St. |  | Columbus |  | IN |  | — |  | Cummins Inc. |  |  | 390,100 |  |  |  | 1,135 |  |  |  | 1,190 |  |  |  | 15,550 |  |  | 07/2019
|  | 10/31/2019 |  | 10475 Crosspoint Blvd. |  | Indianapolis |  | IN |  | — |  | John Wiley & Sons, Inc. |  |  | 123,416 |  |  |  | 567 |  |  |  | 579 |  |  |  | - |  |  | -
|  |  |  | 9601 Renner Blvd. |  | Lenexa |  | KS |  | — |  | VoiceStream PCS II Corporation (T-Mobile USA, Inc.) |  |  | 77,484 |  |  |  | 286 |  |  |  | 372 |  |  |  | 8,950 |  |  | 12/2019
|  | 12/31/2019 |  | 850-950 Warrenville Rd. |  | Lisle |  | IL |  | 4 |  | National-Louis University |  |  | 91,879 |  |  |  | 375 |  |  |  | 398 |  |  |  | 9,228 |  |  | N/A
2020 |  | 2/14/2020 |  | 5600 Broken Sound Blvd. |  | Boca Raton |  | FL |  | — |  | Canon Solutions America, Inc. (Oce - USA Holding, Inc.) |  |  | 143,290 |  |  |  | 561 |  |  |  | 625 |  |  |  | 19,292 |  |  | 02/2020
|  | 5/31/2020 |  | 2401 Cherahala Blvd. |  | Knoxville |  | TN |  | — |  | AdvancePCS, Inc. / CaremarkPCS, L.L.C. |  |  | 59,748 |  |  |  | 193 |  |  |  | 190 |  |  |  | - |  |  | -
|  | 6/30/2020 |  | 3711 San Gabriel |  | Mission |  | TX |  | — |  | VoiceStream PCS II Corporation / T-Mobile West Corporation |  |  | 75,016 |  |  |  | 247 |  |  |  | 240 |  |  |  | - |  |  | -
|  | 7/31/2020 |  | 13775 McLearen Rd. |  | Herndon |  | VA |  | 12 |  | Orange Business Services U.S., Inc. (Equant N.V.) |  |  | 132,617 |  |  |  | 418 |  |  |  | 447 |  |  |  | - |  |  | -
|  | 8/31/2020 |  | 133 First Park Dr. |  | Oakland |  | ME |  | — |  | Omnipoint Holdings, Inc. (T-Mobile USA, Inc.) |  |  | 78,610 |  |  |  | 287 |  |  |  | 368 |  |  |  | 8,549 |  |  | 10/2020
|  | 9/30/2020 |  | 9200 South Park Center Loop |  | Orlando |  | FL |  | 4 |  | Zenith Education Group, Inc. (ECMC Group, Inc.) |  |  | 59,927 |  |  |  | 284 |  |  |  | 292 |  |  |  | 9,309 |  |  | N/A
|  | 10/31/2020 |  | 12209 West Markham St. |  | Little Rock |  | AR |  | — |  | Entergy Arkansas, Inc. |  |  | 36,311 |  |  |  | 59 |  |  |  | 59 |  |  |  | - |  |  | -
2021 |  | 1/31/2021 |  | 1701 Market St. |  | Philadelphia |  | PA |  | — |  | Morgan, Lewis & Bockius LLP |  |  | 289,432 |  |  |  | 1,075 |  |  |  | 1,103 |  |  |  | - |  |  | -
|  | 3/31/2021 |  | 1701 Market St. |  | Philadelphia |  | PA |  | — |  | Car-Tel Communications, Inc. |  |  | 1,220 |  |  |  | 14 |  |  |  | 14 |  |  |  | - |  |  | -
|  | 6/30/2021 |  | 1415 Wyckoff Rd. |  | Wall |  | NJ |  | — |  | New Jersey Natural Gas Company |  |  | 157,511 |  |  |  | 943 |  |  |  | 943 |  |  |  | 13,392 |  |  | 01/2021
|  |  |  | 2050 Roanoke Rd. |  | Westlake |  | TX |  | — |  | Charles Schwab & Co., Inc. |  |  | 130,199 |  |  |  | 250 |  |  |  | 261 |  |  |  | - |  |  | -
|  | 8/31/2021 |  | 333 Three D Systems Cir. |  | Rock Hill |  | SC |  | — |  | 3D Systems Corporation |  |  | 80,028 |  |  |  | 172 |  |  |  | 177 |  |  |  | - |  |  | -
|  | 11/30/2021 |  | 29 South Jefferson Rd. |  | Whippany |  | NJ |  | — |  | CAE SimuFlite, Inc. (CAE INC.) |  |  | 123,734 |  |  |  | 582 |  |  |  | 642 |  |  |  | 13,091 |  |  | 11/2021
|  | 12/31/2021 |  | 2800 Waterford Lake Dr. |  | Midlothian |  | VA |  | — |  | Alstom Power, Inc. |  |  | 99,057 |  |  |  | 546 |  |  |  | 577 |  |  |  | - |  |  | -
2022 |  | 6/30/2022 |  | 8555 South River Pkwy. |  | Tempe |  | AZ |  | — |  | Versum Materials US, LLC |  |  | 95,133 |  |  |  | 438 |  |  |  | 415 |  |  |  | - |  |  | -
|  | 7/31/2022 |  | 1440 E 15th St. |  | Tucson |  | AZ |  | — |  | CoxCom, LLC |  |  | 28,591 |  |  |  | 140 |  |  |  | 140 |  |  |  | - |  |  | -
|  | 12/31/2022 |  | 231 N. Martingale Rd. |  | Schaumburg |  | IL |  | — |  | CEC Educational Services, LLC (Career Education Corporation) |  |  | 317,198 |  |  |  | 1,155 |  |  |  | 1,121 |  |  |  | - |  |  | -

30

Year of Lease Expiration |  | Date of Lease Expiration |  | Property Location |  | City |  | State |  | Note |  | Primary Tenant (Guarantor) |  | Sq.Ft. Leased or Available (1) |  |  | GAAP Rent as of 3/31/2017 ($000) (3) |  |  | Cash Rent as of 3/31/2017 ($000) (2) |  |  | 3/31/2017 Debt Balance ($000) |  |  | Debt Maturity
OFFICE PROPERTIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | 2/28/2023 |  | 1315 West Century Dr. |  | Louisville |  | CO |  | — |  | Rogue Wave Software, Inc. |  |  | 20,000 |  |  |  | 86 |  |  |  | 73 |  |  |  | - |  |  | -
|  | 3/31/2023 |  | 8900 Freeport Pkwy. |  | Irving |  | TX |  | — |  | Nissan Motor Acceptance Corporation (Nissan North America, Inc.) |  |  | 225,049 |  |  |  | 856 |  |  |  | 917 |  |  |  | - |  |  | -
|  | 8/31/2023 |  | 400 Butler Farm Rd. |  | Hampton |  | VA |  | 7 |  | Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company) / Wisconsin Physicians Service Insurance Corp. |  |  | 100,632 |  |  |  | 251 |  |  |  | 259 |  |  |  | - |  |  | -
|  | 12/14/2023 |  | 3333 Coyote Hill Rd. |  | Palo Alto |  | CA |  | — |  | Xerox Corporation |  |  | 202,000 |  |  |  | 1,660 |  |  |  | 1,768 |  |  |  | 41,945 |  |  | 12/2023
2024 |  | 2/14/2024 |  | 1362 Celebration Blvd. |  | Florence |  | SC |  | — |  | MED3000, Inc. |  |  | 32,000 |  |  |  | 143 |  |  |  | 140 |  |  |  | - |  |  | -
|  | 5/31/2024 |  | 3476 Stateview Blvd. |  | Fort Mill |  | SC |  | — |  | Wells Fargo Bank, N.A. |  |  | 169,083 |  |  |  | 487 |  |  |  | 469 |  |  |  | - |  |  | -
|  |  |  | 3480 Stateview Blvd. |  | Fort Mill |  | SC |  | — |  | Wells Fargo Bank, N.A. |  |  | 169,218 |  |  |  | 506 |  |  |  | 470 |  |  |  | - |  |  | -
|  | 8/31/2024 |  | 10475 Crosspoint Blvd. |  | Indianapolis |  | IN |  | — |  | RGN-Indianapolis I, LLC |  |  | 14,236 |  |  |  | 75 |  |  |  | 75 |  |  |  | - |  |  | -
|  | 10/31/2024 |  | 1409 Centerpoint Blvd. |  | Knoxville |  | TN |  | — |  | Alstom Power, Inc. |  |  | 84,404 |  |  |  | 314 |  |  |  | 298 |  |  |  | - |  |  | -
|  | 11/30/2024 |  | 6200 Northwest Pkwy. |  | San Antonio |  | TX |  | — |  | United HealthCare Services, Inc. |  |  | 142,500 |  |  |  | 489 |  |  |  | 512 |  |  |  | - |  |  | -
|  | 12/31/2024 |  | 12000 & 12025 Tech Center Dr. |  | Livonia |  | MI |  | — |  | Kelsey-Hayes Company (TRW Automotive Inc.) |  |  | 180,230 |  |  |  | 423 |  |  |  | 410 |  |  |  | - |  |  | -
2025 |  | 1/31/2025 |  | 1401 Nolan Ryan Expy. |  | Arlington |  | TX |  | — |  | Triumph Aerostructures, LLC (Triumph Group, Inc.) |  |  | 111,409 |  |  |  | 404 |  |  |  | 427 |  |  |  | - |  |  | -
|  | 2/28/2025 |  | 6555 Sierra Dr. |  | Irving |  | TX |  | — |  | TXU Energy Retail Company, LLC (Texas Competitive Electric Holding Company, LLC) |  |  | 247,254 |  |  |  | 701 |  |  |  | 762 |  |  |  | - |  |  | -
|  |  |  | 1401 Nolan Ryan Expy. |  | Arlington |  | TX |  | — |  | Cyient, Inc. (Infotech Enterprise Limited) |  |  | 13,590 |  |  |  | 53 |  |  |  | 54 |  |  |  | - |  |  | -
|  | 3/14/2025 |  | 601 & 701 Experian Pkwy. |  | Allen |  | TX |  | — |  | Experian Information Solutions, Inc. / TRW, Inc.(Experian Holdings, Inc.) |  |  | 292,700 |  |  |  | 742 |  |  |  | 768 |  |  |  | - |  |  | -
|  | 5/31/2025 |  | 1701 Market St. |  | Philadelphia |  | PA |  | — |  | TruMark Financial Credit Union |  |  | 2,641 |  |  |  | 61 |  |  |  | 61 |  |  |  | - |  |  | -
|  | 6/30/2025 |  | 2500 Patrick Henry Pkwy. |  | McDonough |  | GA |  | — |  | Georgia Power Company |  |  | 111,911 |  |  |  | 356 |  |  |  | 338 |  |  |  | - |  |  | -
|  | 9/30/2025 |  | 10001 Richmond Ave. |  | Houston |  | TX |  | — |  | Schlumberger Holdings Corp. |  |  | 554,385 |  |  |  | 1,510 |  |  |  | 1,356 |  |  |  | - |  |  | -
|  | 11/30/2025 |  | 11707 Miracle Hills Dr. |  | Omaha |  | NE |  | — |  | Wipro Data Center and Cloud Services, Inc. (Infocrossing, Inc.) |  |  | 85,200 |  |  |  | 292 |  |  |  | 292 |  |  |  | - |  |  | -
|  | 12/31/2025 |  | 2005 East Technology Cir. |  | Tempe |  | AZ |  | — |  | Wipro Data Center and Cloud Services, Inc. (Infocrossing, Inc.) |  |  | 60,000 |  |  |  | 282 |  |  |  | 282 |  |  |  | - |  |  | -
|  |  |  | 4001 International Pkwy. |  | Carrollton |  | TX |  | — |  | Motel 6 Operating, LP |  |  | 138,443 |  |  |  | 556 |  |  |  | 548 |  |  |  | - |  |  | -
2026 |  | 3/31/2026 |  | 500 Olde Worthington Rd. |  | Westerville |  | OH |  | — |  | InVentiv Communications, Inc. |  |  | 97,000 |  |  |  | 277 |  |  |  | 285 |  |  |  | - |  |  | -
|  | 4/30/2026 |  | 800 East Canal St. |  | Richmond |  | VA |  | — |  | Richmond Belly Ventures, LLC (David Duke, Lauren Duke, Terrence Kee, Cara Kee and John Bokel) |  |  | 2,568 |  |  |  | 19 |  |  |  | 19 |  |  |  | - |  |  | -
|  | 6/30/2026 |  | 10419 North 30th St. |  | Tampa |  | FL |  | — |  | Time Customer Service, Inc. / Time Incorporated |  |  | 132,981 |  |  |  | 189 |  |  |  | 274 |  |  |  | - |  |  | -
|  | 11/30/2026 |  | 500 Kinetic Dr. |  | Huntington |  | WV |  | — |  | AMZN WVCS LLC (Amazon.com, Inc.) |  |  | 68,693 |  |  |  | 317 |  |  |  | 278 |  |  |  | - |  |  | -
|  | 12/29/2026 |  | 5500 New Albany Rd. |  | Columbus |  | OH |  | — |  | Evans, Mechwart, Hambleton & Tilton, Inc. |  |  | 104,807 |  |  |  | 434 |  |  |  | 419 |  |  |  | - |  |  | -
2027 |  | 1/31/2027 |  | 1701 Market St. |  | Philadelphia |  | PA |  | — |  | Drybar Holdings LLC |  |  | 1,975 |  |  |  | 34 |  |  |  | 26 |  |  |  | - |  |  | -
|  | 2/28/2027 |  | 800 East Canal St. |  | Richmond |  | VA |  | — |  | Pacific Summit Energy LLC (Sumitomo Corporation of Americas) |  |  | 8,503 |  |  |  | 1 |  |  |  | 1 |  |  |  | - |  |  | -
|  | 4/30/2027 |  | 1315 West Century Dr. |  | Louisville |  | CO |  | — |  | Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC) |  |  | 86,877 |  |  |  | 322 |  |  |  | 305 |  |  |  | - |  |  | -
|  | 6/30/2027 |  | 3902 Gene Field Rd. |  | St. Joseph |  | MO |  | — |  | Boehringer Ingelheim Vetmedica, Inc. (Boehringer Ingelheim USA Corporation) |  |  | 98,849 |  |  |  | 498 |  |  |  | 465 |  |  |  | - |  |  | -
|  | 7/6/2027 |  | 2221 Schrock Rd. |  | Columbus |  | OH |  | — |  | MS Consultants, Inc. |  |  | 42,290 |  |  |  | 160 |  |  |  | 152 |  |  |  | - |  |  | -
|  | 8/7/2027 |  | 25 Lakeview Dr. |  | Jessup |  | PA |  | — |  | TMG Health, Inc. |  |  | 150,000 |  |  |  | 625 |  |  |  | 517 |  |  |  | - |  |  | -
|  | 10/31/2027 |  | 11201 Renner Blvd. |  | Lenexa |  | KS |  | — |  | United States of America |  |  | 169,585 |  |  |  | 1,220 |  |  |  | 1,091 |  |  |  | 34,551 |  |  | 11/2027
|  | 11/30/2027 |  | 1700 Millrace Dr. |  | Eugene |  | OR |  | 10 |  | Oregon Research Institute / Educational Policy Improvement Center |  |  | 80,011 |  |  |  | 523 |  |  |  | 445 |  |  |  | - |  |  | -
|  | 12/31/2027 |  | 333 Mt. Hope Ave. |  | Rockaway |  | NJ |  | — |  | Atlantic Health System, Inc. |  |  | 92,326 |  |  |  | 298 |  |  |  | 329 |  |  |  | - |  |  | -
2028 |  | 4/30/2028 |  | 9655 Maroon Cir. |  | Englewood |  | CO |  | — |  | TriZetto Corporation |  |  | 166,912 |  |  |  | 961 |  |  |  | 899 |  |  |  | - |  |  | -
2029 |  | 1/31/2029 |  | 6226 West Sahara Ave. |  | Las Vegas |  | NV |  | — |  | Nevada Power Company |  |  | 282,000 |  |  |  | 1,063 |  |  |  | 772 |  |  |  | - |  |  | -
|  | 3/31/2029 |  | 2800 High Meadow Cir. |  | Auburn Hills |  | MI |  | — |  | Faurecia USA Holdings, Inc. |  |  | 278,000 |  |  |  | 887 |  |  |  | 797 |  |  |  | - |  |  | -
2030 |  | 8/31/2030 |  | 800 East Canal St. |  | Richmond |  | VA |  | — |  | McGuireWoods LLP |  |  | 224,537 |  |  |  | 1,796 |  |  |  | 1,662 |  |  |  | 57,500 |  |  | 02/2031
|  | 9/30/2030 |  | 800 East Canal St. |  | Richmond |  | VA |  | — |  | CCA Industries, Inc. (The Riverstone Group, LLC), |  |  | 25,707 |  |  |  | 173 |  |  |  | 164 |  |  |  | - |  |  | -
2031 |  | 1/10/2031 |  | 810 Gears Rd. |  | Houston |  | TX |  | — |  | United States of America |  |  | 68,985 |  |  |  | 375 |  |  |  | 356 |  |  |  | - |  |  | -
|  | 3/1/2031 |  | 800 East Canal St. |  | Richmond |  | VA |  | — |  | Towne Bank |  |  | 26,047 |  |  |  | 172 |  |  |  | 144 |  |  |  | - |  |  | -
2032 |  | 10/31/2032 |  | 143 Diamond Ave. |  | Parachute |  | CO |  | — |  | Encana Oil and Gas (USA) Inc. (Alenco Inc.) |  |  | 49,024 |  |  |  | 321 |  |  |  | 274 |  |  |  | - |  |  | -
|  | 12/31/2032 |  | 3030 North 3rd St. |  | Phoenix |  | AZ |  | — |  | CopperPoint Mutual Insurance Company |  |  | 252,400 |  |  |  | 1,264 |  |  |  | 1,065 |  |  |  | - |  |  | -

31

Year of Lease Expiration |  | Date of Lease Expiration |  | Property Location |  | City |  | State |  | Note |  | Primary Tenant (Guarantor) |  | Sq.Ft. Leased or Available (1) |  |  | GAAP Rent as of 3/31/2017 ($000) (3) |  |  | Cash Rent as of 3/31/2017 ($000) (2) |  |  | 3/31/2017 Debt Balance ($000) |  |  | Debt Maturity
OFFICE PROPERTIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2033 |  | 11/30/2033 |  | 1331 Capitol Ave. |  | Omaha |  | NE |  | — |  | The Gavilon Group, LLC |  |  | 127,810 |  |  |  | 828 |  |  |  | 735 |  |  |  | - |  |  | -
2036 |  | 10/31/2036 |  | 270 Abner Jackson Pkwy. |  | Lake Jackson |  | TX |  | — |  | The Dow Chemical Company |  |  | 664,100 |  |  |  | 3,481 |  |  |  | 3,032 |  |  |  | 195,523 |  |  | 10/2036
2088 |  | 8/8/2088 |  | 800 East Canal St. |  | Richmond |  | VA |  | — |  | The City of Richmond, Virginia |  |  | - |  |  |  | 103 |  |  |  | 103 |  |  |  | - |  |  | -
N/A |  | N/A |  | 1701 Market St. |  | Philadelphia |  | PA |  | — |  | Parking Operations |  |  | - |  |  |  | 679 |  |  |  | 679 |  |  |  | - |  |  | -
|  | Vacancy |  | 1701 Market St. |  | Philadelphia |  | PA |  | — |  | (Available for Lease) |  |  | 699 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | -
|  |  |  | 810 Gears Rd. |  | Houston |  | TX |  | — |  | (Available for Lease) |  |  | 9,910 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | -
|  |  |  | 1401 Nolan Ryan Expy. |  | Arlington |  | TX |  | — |  | (Available for Lease) |  |  | 36,809 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | -
OFFICE TOTAL/WEIGHTED AVERAGE |  |  |  |  |  | 99.6% Leased |  |  | 11,115,737 |  |  | $ | 44,810 |  |  | $ | 44,147 |  |  | $ | 484,815 |  |  |

32

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2017

Year of Lease Expiration |  | Date of Lease Expiration |  | Property Location |  | City |  | State |  | Note |  | Primary Tenant (Guarantor) |  | Sq. Ft. Leased or Available (1) |  |  | GAAP Rent as of 3/31/2017 ($000) (3) |  |  | Cash Rent as of 3/31/2017 ($000) (2) |  |  | 3/31/2017 Debt Balance ($000) |  |  | Debt Maturity
INDUSTRIAL PROPERTIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  | 4/30/2017 |  | 3600 Army Post Rd. |  | Des Moines |  | IA |  | 16 |  | HP Enterprise Services, LLC |  |  | 405,000 |  |  |  | 513 |  |  |  | 671 |  |  |  | - |  |  | -
|  | 9/30/2017 |  | 250 Swathmore Ave. |  | High Point |  | NC |  | — |  | Steelcase Inc. |  |  | 244,851 |  |  |  | 272 |  |  |  | 288 |  |  |  | - |  |  | -
|  | 12/31/2017 |  | 2203 Sherrill Dr. |  | Statesville |  | NC |  | — |  | Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation) |  |  | 639,800 |  |  |  | 479 |  |  |  | 525 |  |  |  | - |  |  | -
2018 |  | 6/30/2018 |  | 1133 Poplar Creek Rd. |  | Henderson |  | NC |  | — |  | Staples, Inc. |  |  | 196,946 |  |  |  | 215 |  |  |  | 222 |  |  |  | - |  |  | -
|  |  |  | 1650-1654 Williams Rd. |  | Columbus |  | OH |  | — |  | ODW Logistics, Inc. |  |  | 772,450 |  |  |  | 336 |  |  |  | 337 |  |  |  | - |  |  | -
|  | 9/30/2018 |  | 50 Tyger River Dr. |  | Duncan |  | SC |  | — |  | Plastic Omnium Auto Exteriors, LLC |  |  | 221,833 |  |  |  | 256 |  |  |  | 256 |  |  |  | - |  |  | -
|  |  |  | 904 Industrial Rd. |  | Marshall |  | MI |  | — |  | Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.) |  |  | 246,508 |  |  |  | 174 |  |  |  | 210 |  |  |  | - |  |  | -
|  | 12/31/2018 |  | 120 Southeast Pkwy. Dr. |  | Franklin |  | TN |  | — |  | Essex Group, Inc. (United Technologies Corporation) |  |  | 289,330 |  |  |  | 185 |  |  |  | 185 |  |  |  | - |  |  | -
|  |  |  | 2935 Van Vactor Dr. |  | Plymouth |  | IN |  | — |  | Bay Valley Foods, LLC |  |  | 300,500 |  |  |  | 210 |  |  |  | 210 |  |  |  | - |  |  | -
|  |  |  | 749 Southrock Dr. |  | Rockford |  | IL |  | — |  | Jacobson Warehouse Company, Inc. (Jacobson Distribution Company and Jacobson Transportation Company, Inc.) |  |  | 150,000 |  |  |  | 118 |  |  |  | 133 |  |  |  | - |  |  | -
2019 |  | 10/17/2019 |  | 10345 Philipp Pkwy. |  | Streetsboro |  | OH |  | — |  | L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.) |  |  | 649,250 |  |  |  | 653 |  |  |  | 704 |  |  |  | 17,216 |  |  | 09/2019
|  | 12/31/2019 |  | 191 Arrowhead Dr. |  | Hebron |  | OH |  | — |  | Owens Corning Insulating Systems, LLC |  |  | 250,410 |  |  |  | 140 |  |  |  | 140 |  |  |  | - |  |  | -
|  |  |  | 200 Arrowhead Dr. |  | Hebron |  | OH |  | — |  | Owens Corning Insulating Systems, LLC |  |  | 400,522 |  |  |  | 224 |  |  |  | 224 |  |  |  | - |  |  | -
|  |  |  | 2415 US Hwy. 78 East |  | Moody |  | AL |  | — |  | Michelin North America, Inc. |  |  | 595,346 |  |  |  | 352 |  |  |  | 355 |  |  |  | - |  |  | -
|  |  |  | 3686 South Central Ave. |  | Rockford |  | IL |  | — |  | Pierce Packaging Co. |  |  | 93,000 |  |  |  | 78 |  |  |  | 78 |  |  |  | - |  |  | -
2020 |  | 1/31/2020 |  | 101 Michelin Dr. |  | Laurens |  | SC |  | — |  | Michelin North America, Inc. |  |  | 1,164,000 |  |  |  | 852 |  |  |  | 852 |  |  |  | - |  |  | -
|  | 5/31/2020 |  | 359 Gateway Dr. |  | Lavonia |  | GA |  | — |  | TI Group Automotive Systems, LLC (TI Automotive Ltd.) |  |  | 133,221 |  |  |  | 238 |  |  |  | 300 |  |  |  | 7,267 |  |  | 12/2020
|  | 6/30/2020 |  | 3102 Queen Palm Dr. |  | Tampa |  | FL |  | — |  | Time Customer Service, Inc. (Time Incorporated) |  |  | 229,605 |  |  |  | 309 |  |  |  | 328 |  |  |  | - |  |  | -
|  | 9/30/2020 |  | 3350 Miac Cove Rd. |  | Memphis |  | TN |  | — |  | Mimeo.com, Inc. |  |  | 107,400 |  |  |  | 103 |  |  |  | 110 |  |  |  | - |  |  | -
|  | 12/19/2020 |  | 1901 Ragu Dr. |  | Owensboro |  | KY |  | 6 |  | Unilever Supply Chain, Inc. (Unilever United States, Inc.) |  |  | 443,380 |  |  |  | 373 |  |  |  | 322 |  |  |  | - |  |  | -
2021 |  | 3/31/2021 |  | 2455 Premier Row |  | Orlando |  | FL |  | — |  | Walgreen Co. / Walgreen Eastern Co. |  |  | 205,016 |  |  |  | 196 |  |  |  | 127 |  |  |  | - |  |  | -
|  | 5/31/2021 |  | 291 Park Center Dr. |  | Winchester |  | VA |  | — |  | Kraft Heinz Foods Company |  |  | 344,700 |  |  |  | 355 |  |  |  | 340 |  |  |  | - |  |  | -
|  | 9/30/2021 |  | 3820 Micro Dr. |  | Millington |  | TN |  | — |  | Ingram Micro L.P. (Ingram Micro Inc.) |  |  | 701,819 |  |  |  | 453 |  |  |  | 468 |  |  |  | - |  |  | -
|  | 10/25/2021 |  | 6938 Elm Valley Dr. |  | Kalamazoo |  | MI |  | — |  | Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited) |  |  | 150,945 |  |  |  | 437 |  |  |  | 507 |  |  |  | - |  |  | -
|  | 11/30/2021 |  | 2880 Kenny Biggs Rd. |  | Lumberton |  | NC |  | — |  | Quickie Manufacturing Corporation |  |  | 423,280 |  |  |  | 339 |  |  |  | 354 |  |  |  | - |  |  | -
2022 |  | 3/31/2022 |  | 5417 Campus Dr. |  | Shreveport |  | LA |  | — |  | The Tire Rack, Inc. |  |  | 257,849 |  |  |  | 335 |  |  |  | 319 |  |  |  | - |  |  | -
2023 |  | 2/28/2023 |  | 7670 Hacks Cross Rd. |  | Olive Branch |  | MS |  | — |  | MAHLE Aftermarket Inc. (MAHLE Industries, Incorporated) |  |  | 268,104 |  |  |  | 226 |  |  |  | 219 |  |  |  | - |  |  | -
|  | 12/31/2023 |  | 1601 Pratt Ave. |  | Marshall |  | MI |  | — |  | Autocam Corporation |  |  | 58,707 |  |  |  | 77 |  |  |  | 77 |  |  |  | - |  |  | -
2024 |  | 1/31/2024 |  | 1285 W. State Road 32 |  | Lebanon |  | IN |  | — |  | Continental Tire the Americas, LLC |  |  | 741,880 |  |  |  | 285 |  |  |  | 148 |  |  |  | - |  |  | -
|  | 4/30/2024 |  | 113 Wells St. |  | North Berwick |  | ME |  | — |  | United Technologies Corporation |  |  | 993,685 |  |  |  | 450 |  |  |  | 491 |  |  |  | 2,954 |  |  | 04/2019
|  | 5/31/2024 |  | 901 East Bingen Point Way |  | Bingen |  | WA |  | — |  | The Boeing Company |  |  | 124,539 |  |  |  | 659 |  |  |  | 640 |  |  |  | - |  |  | -
|  | 10/31/2024 |  | 43955 Plymouth Oaks Blvd. |  | Plymouth |  | MI |  | — |  | Tower Automotive Operations USA I, LLC / Tower Automotive Products Inc. (Tower Automotive, Inc.) |  |  | 290,133 |  |  |  | 362 |  |  |  | 345 |  |  |  | - |  |  | -
2025 |  | 6/30/2025 |  | 10000 Business Blvd. |  | Dry Ridge |  | KY |  | — |  | Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited) |  |  | 336,350 |  |  |  | 336 |  |  |  | 336 |  |  |  | - |  |  | -
|  |  |  | 301 Bill Bryan Rd. |  | Hopkinsville |  | KY |  | — |  | Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) |  |  | 424,904 |  |  |  | 422 |  |  |  | 422 |  |  |  | - |  |  | -
|  |  |  | 4010 Airpark Dr. |  | Owensboro |  | KY |  | — |  | Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) |  |  | 211,598 |  |  |  | 302 |  |  |  | 302 |  |  |  | - |  |  | -
|  |  |  | 730 North Black Branch Rd. |  | Elizabethtown |  | KY |  | — |  | Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) |  |  | 167,770 |  |  |  | 134 |  |  |  | 134 |  |  |  | - |  |  | -
|  |  |  | 750 North Black Branch Rd. |  | Elizabethtown |  | KY |  | — |  | Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) |  |  | 539,592 |  |  |  | 710 |  |  |  | 710 |  |  |  | - |  |  | -
|  | 7/14/2025 |  | 590 Ecology Ln. |  | Chester |  | SC |  | — |  | Boral Stone Products LLC (Boral Limited) |  |  | 420,597 |  |  |  | 426 |  |  |  | 574 |  |  |  | 7,876 |  |  | 08/2025
|  | 7/31/2025 |  | 7005 Cochran Rd. |  | Glenwillow |  | OH |  | — |  | Royal Appliance Mfg. Co. |  |  | 458,000 |  |  |  | 515 |  |  |  | 525 |  |  |  | - |  |  | -
|  | 12/31/2025 |  | 1700 47th Ave North |  | Minneapolis |  | MN |  | — |  | Owens Corning Roofing and Asphalt, LLC |  |  | 18,620 |  |  |  | 137 |  |  |  | 137 |  |  |  | - |  |  | -
2026 |  | 3/30/2026 |  | 121 Technology Dr. |  | Durham |  | NH |  | 15 |  | Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation) |  |  | 500,500 |  |  |  | 634 |  |  |  | 2,233 |  |  |  | - |  |  | -
|  | 3/31/2026 |  | 633 Garrett Pkwy. |  | Lewisburg |  | TN |  | — |  | Calsonic Kansei North America, Inc. |  |  | 310,000 |  |  |  | 322 |  |  |  | 299 |  |  |  | - |  |  | -
|  | 6/30/2026 |  | 351 Chamber Dr. |  | Chillicothe |  | OH |  | — |  | The Kitchen Collection, Inc. |  |  | 475,218 |  |  |  | 290 |  |  |  | 275 |  |  |  | - |  |  | -
|  | 9/30/2026 |  | 900 Industrial Blvd. |  | Crossville |  | TN |  | — |  | Dana Commercial Vehicle Products, LLC |  |  | 222,200 |  |  |  | 144 |  |  |  | 144 |  |  |  | - |  |  | -
|  |  |  | 3931 Lakeview Corporate Dr. |  | Edwardsville |  | IL |  | — |  | AMAZON.COM.DEDC, LLC (Amazon.com, Inc.) |  |  | 769,500 |  |  |  | 676 |  |  |  | 625 |  |  |  | - |  |  | -
|  | 10/31/2026 |  | 5001 Greenwood Rd. |  | Shreveport |  | LA |  | — |  | Libbey Glass Inc. (Libbey Inc.) |  |  | 646,000 |  |  |  | 541 |  |  |  | 540 |  |  |  | 19,000 |  |  | 07/2017
|  | 11/30/2026 |  | 250 Rittenhouse Cir. |  | Bristol |  | PA |  | — |  | Northtec LLC (The Estée Lauder Companies Inc.) |  |  | 241,977 |  |  |  | 287 |  |  |  | 284 |  |  |  | - |  |  | -

33

Year of Lease Expiration |  | Date of Lease Expiration |  | Property Location |  | City |  | State |  | Note |  | Primary Tenant (Guarantor) |  | Sq. Ft. Leased or Available (1) |  |  | GAAP Rent as of 3/31/2017 ($000) (3) |  |  | Cash Rent as of 3/31/2017 ($000) (2) |  |  | 3/31/2017 Debt Balance ($000) |  |  | Debt Maturity
INDUSTRIAL PROPERTIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | 736 Addison Rd. |  | Erwin |  | NY |  | — |  | Corning Property Management Corporation |  |  | 408,000 |  |  |  | 333 |  |  |  | 335 |  |  |  | 7,334 |  |  | 10/2018
2027 |  | 1/31/2027 |  | 27200 West 157th St. |  | New Century |  | KS |  | — |  | Amazon.com.ksdc, LLC (Amazon.com, Inc.) |  |  | 446,500 |  |  |  | 138 |  |  |  | 106 |  |  |  | - |  |  | -
|  | 2/28/2027 |  | 3456 Meyers Ave. |  | Memphis |  | TN |  | — |  | Sears, Roebuck and Co. / Sears Logistics Services |  |  | 780,000 |  |  |  | 424 |  |  |  | 398 |  |  |  | - |  |  | -
|  |  |  | 554 Nissan Pkwy. |  | Canton |  | MS |  | — |  | Nissan North America, Inc. |  |  | 1,466,000 |  |  |  | 1,550 |  |  |  | 1,454 |  |  |  | - |  |  | -
|  | 4/30/2027 |  | 2424 Alpine Rd. |  | Eau Claire |  | WI |  | 13 |  | Silver Spring Foods, Inc. (Huntsinger Farms, Inc.) |  |  | 159,000 |  |  |  | 251 |  |  |  | 267 |  |  |  | - |  |  | -
|  | 6/30/2027 |  | 1501 Nolan Ryan Expy. |  | Arlington |  | TX |  | — |  | Arrow Electronics, Inc. |  |  | 74,739 |  |  |  | 102 |  |  |  | - |  |  |  | - |  |  | -
|  | 12/31/2027 |  | 10590 Hamilton Ave. |  | Cincinnati |  | OH |  | — |  | The Hillman Group, Inc. |  |  | 264,598 |  |  |  | 203 |  |  |  | 195 |  |  |  | - |  |  | -
2028 |  | 3/31/2028 |  | 29-01-Borden Ave./29-10 Hunters Point Ave. |  | Long Island City |  | NY |  | — |  | FedEx Ground Package System, Inc. (FedEx Corporation) |  |  | 140,330 |  |  |  | 1,284 |  |  |  | 1,193 |  |  |  | 45,575 |  |  | 03/2028
|  | 8/31/2028 |  | 1420 Greenwood Rd. |  | McDonough |  | GA |  | — |  | United States Cold Storage, Inc |  |  | 296,972 |  |  |  | 542 |  |  |  | 527 |  |  |  | 21,837 |  |  | 11/2017
2029 |  | 11/24/2029 |  | 318 Pappy Dunn Blvd. |  | Anniston |  | AL |  | — |  | International Automotive Components Group North America, Inc. |  |  | 276,782 |  |  |  | 435 |  |  |  | 405 |  |  |  | - |  |  | -
2030 |  | 3/31/2030 |  | 549 Wingo Rd. |  | Byhalia |  | MS |  | — |  | Asics America Corporation (Asics Corporation) |  |  | 855,878 |  |  |  | 1,097 |  |  |  | 989 |  |  |  | - |  |  | -
|  | 5/31/2030 |  | 3301 Stagecoach Rd. NE |  | Thomson |  | GA |  | — |  | Hollander Sleep Products, LLC (Hollander Home Fashions Holdings) |  |  | 208,000 |  |  |  | 232 |  |  |  | 212 |  |  |  | - |  |  | -
2031 |  | 5/31/2031 |  | 671 Washburn Switch Rd. |  | Shelby |  | NC |  | — |  | Clearwater Paper Corporation |  |  | 673,518 |  |  |  | 650 |  |  |  | 591 |  |  |  | - |  |  | -
|  | 10/31/2031 |  | 1020 W. Airport Rd. |  | Romeoville |  | IL |  | — |  | ARYZTA LLC (ARYZTA AG) |  |  | 188,166 |  |  |  | 886 |  |  |  | 825 |  |  |  | - |  |  | -
2032 |  | 4/30/2032 |  | 13930 Pike Rd. |  | Missouri City |  | TX |  | — |  | Vulcan Construction Materials, LP (Vulcan Materials Company) |  |  | - |  |  |  | 531 |  |  |  | 473 |  |  |  | - |  |  | -
|  | 10/31/2032 |  | 27255 SW 95th Ave. |  | Wilsonville |  | OR |  | — |  | Pacific Foods of Oregon, Inc. d/b/a Pacific Natural Foods |  |  | 508,277 |  |  |  | 780 |  |  |  | 644 |  |  |  | - |  |  | -
2034 |  | 9/30/2034 |  | 5625 North Sloan Ln. |  | North Las Vegas |  | NV |  | — |  | Nicholas and Co., Inc. |  |  | 180,235 |  |  |  | 639 |  |  |  | 557 |  |  |  | - |  |  | -
|  | 10/31/2034 |  | 1001 Innovation Rd. |  | Rantoul |  | IL |  | — |  | Bell Sports, Inc. (Vista Outdoor Inc.) |  |  | 813,126 |  |  |  | 1,049 |  |  |  | 904 |  |  |  | - |  |  | -
2035 |  | 3/31/2035 |  | 13863 Industrial Rd. |  | Houston |  | TX |  | — |  | Curtis Kelly, Inc. (Spitzer Industries, Inc.) |  |  | 187,800 |  |  |  | 609 |  |  |  | 511 |  |  |  | - |  |  | -
|  |  |  | 7007 F.M. 362 Rd. |  | Brookshire |  | TX |  | — |  | Orizon Industries, Inc. (Spitzer Industries, Inc.) |  |  | 262,095 |  |  |  | 478 |  |  |  | 401 |  |  |  | - |  |  | -
|  | 6/30/2035 |  | 111 West Oakview Pkwy. |  | Oak Creek |  | WI |  | — |  | Stella & Chewy's LLC |  |  | 164,007 |  |  |  | 525 |  |  |  | 466 |  |  |  | - |  |  | -
|  | 8/31/2035 |  | 2800 Polar Way |  | Richland |  | WA |  | 9 |  | Preferred Freezer Services of Richland, LLC (Preferred Freezer Services, LLC & Preferred Freezer Services Operating, LLC) |  |  | 456,412 |  |  |  | 3,283 |  |  |  | 2,752 |  |  |  | 110,000 |  |  | 01/2026
|  | 10/22/2035 |  | 2860 Clark St. |  | Detroit |  | MI |  | — |  | FCA US LLC (f/k/a Chrysler Group LLC) |  |  | 189,960 |  |  |  | 551 |  |  |  | 551 |  |  |  | - |  |  | -
2036 |  | 6/30/2036 |  | 100 Ryobi Drive |  | Anderson |  | SC |  | — |  | One World Technologies, Inc. (Techtronic Industries Co. Ltd.) |  |  | 1,327,022 |  |  |  | 1,112 |  |  |  | 915 |  |  |  | - |  |  | -
2038 |  | 3/31/2038 |  | 13901/14035 Industrial Rd. |  | Houston |  | TX |  | — |  | Industrial Terminals Management, L.L.C. (Maritime Holdings (Delaware) LLC) |  |  | 132,449 |  |  |  | 1,693 |  |  |  | 1,403 |  |  |  | - |  |  | -
N/A |  | Vacancy |  | 3350 Miac Cove Rd. |  | Memphis |  | TN |  | — |  | (Available for Lease) |  |  | 32,679 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | -
INDUSTRIAL TOTAL/WEIGHTED AVERAGE |  | 99.9% Leased |  |  | 28,329,380 |  |  | $ | 35,507 |  |  | $ | 35,099 |  |  | $ | 239,059 |  |  |

34

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2017

Year of Lease Expiration |  | Date of Lease Expiration |  | Property Location |  | City |  | State |  | Note |  | Primary Tenant (Guarantor) |  | Sq.Ft. |  |  | Percentage Leased |  |  | GAAP Rent as of 3/31/2017 ($000) (3) |  |  | Cash Rent as of 3/31/2017 ($000) (2) |  |  | 3/31/2017 Debt Balance ($000) |  |  | Debt Maturity
MULTI-TENANT PROPERTIES (8,14) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | 10300 Kincaid Dr. |  | Fishers |  | IN |  | 11 |  | Available for lease |  |  | 193,000 |  |  |  | 0 | % |  |  | 244 |  |  |  | 302 |  |  |  | - |  |  | -
|  |  |  | 104 & 110 Front St. |  | Memphis |  | TN |  | 4 |  | Available for lease |  |  | 37,229 |  |  |  | 0 | % |  |  | - |  |  |  | - |  |  |  | 3,496 |  |  | N/A
|  |  |  | 11511 Luna Rd. |  | Farmers Branch |  | TX |  | — |  | International Business Machines Corporation |  |  | 181,072 |  |  |  | 44 | % |  |  | 264 |  |  |  | 247 |  |  |  | - |  |  | -
|  |  |  | 1311 Broadfield Blvd. |  | Houston |  | TX |  | 11 |  | Saipem America, Inc. (Saipem S.p.A.) |  |  | 155,040 |  |  |  | 35 | % |  |  | 215 |  |  |  | 220 |  |  |  | - |  |  | -
|  |  |  | 13430 North Black Canyon Fwy. |  | Phoenix |  | AZ |  | — |  | Multi-Tenant |  |  | 138,940 |  |  |  | 92 | % |  |  | 579 |  |  |  | 616 |  |  |  | - |  |  | -
|  |  |  | 1460 Tobias Gadson Blvd. |  | Charleston |  | SC |  | — |  | Vallen Distribution, Inc. |  |  | 50,076 |  |  |  | 41' | % |  |  | 94 |  |  |  | 94 |  |  |  | 7,063 |  |  | 02/2021
|  |  |  | 2210 Enterprise Dr. |  | Florence |  | SC |  | — |  | Caliber Funding, LLC |  |  | 176,557 |  |  |  | 21 | % |  |  | 173 |  |  |  | 188 |  |  |  | - |  |  | -
|  |  |  | 26555 Northwestern Pkwy. |  | Southfield |  | MI |  | 18 |  | Available for lease |  |  | 359,645 |  |  |  | 0 | % |  |  | - |  |  |  | - |  |  |  | - |  |  | -
|  |  |  | 3165 McKelvey Rd. |  | Bridgeton |  | MO |  | — |  | BJC Health System |  |  | 51,067 |  |  |  | 50 | % |  |  | 101 |  |  |  | 112 |  |  |  | - |  |  | -
|  |  |  | 6050 Dana Way |  | Antioch |  | TN |  | — |  | Multi-Tenant |  |  | 674,528 |  |  |  | 98 | % |  |  | 578 |  |  |  | 566 |  |  |  | - |  |  | -
|  |  |  | 7111 Crabb Rd. |  | Temperance |  | MI |  | — |  | Hollingsworth Logistics Group LLC |  |  | 756,856 |  |  |  | 38 | % |  |  | 232 |  |  |  | 218 |  |  |  | - |  |  | -
|  |  |  | 854 Paragon Way |  | Rock Hill |  | SC |  | — |  | Available for lease |  |  | 104,497 |  |  |  | 0 | % |  |  | - |  |  |  | - |  |  |  | - |  |  | -
|  |  |  | King St./1042 Fort St. Mall |  | Honolulu |  | HI |  | — |  | Multi-Tenant |  |  | 77,459 |  |  |  | 53 | % |  |  | 177 |  |  |  | 177 |  |  |  | - |  |  | -
MULTI-TENANT TOTAL/WEIGHTED AVERAGE |  | 45.2% Leased |  |  | 2,955,966 |  |  |  |  |  |  | $ | 2,657 |  |  | $ | 2,740 |  |  | $ | 10,559 |  |  |

35

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Consolidated Portfolio - 3/31/2017

Year of Lease Expiration |  | Date of Lease Expiration |  | Property Location |  | City |  | State |  | Note |  | Primary Tenant (Guarantor) |  | Sq.Ft. Leased or Available (1) |  |  | GAAP Rent as of 3/31/2017 ($000) (3) |  |  | Cash Rent as of 3/31/2017 ($000) (2) |  |  | 3/31/2017 Debt Balance ($000) |  |  | Debt Maturity
OTHER PROPERTIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | 2/26/2018 |  | 4831 Whipple Ave., NW |  | Canton |  | OH |  | — |  | Best Buy Co., Inc. |  | 46,350 |  |  | 116 |  |  | 116 |  |  | - |  |  | -
|  | 7/1/2018 |  | 1053 Mineral Springs Rd. |  | Paris |  | TN |  | — |  | The Kroger Co. |  |  | 31,170 |  |  |  | 42 |  |  |  | 40 |  |  |  | - |  |  | -
|  | 9/30/2018 |  | 835 Julian Ave. |  | Thomasville |  | NC |  | — |  | Mighty Dollar, LLC |  |  | 23,767 |  |  |  | 21 |  |  |  | 21 |  |  |  | - |  |  | -
|  | 10/31/2018 |  | 130 Midland Ave. |  | Port Chester |  | NY |  | — |  | St Anthony Supermarket Corp. (Anthony Pena, Marina Pena, Anthony Corona and Robert Corona) |  |  | 59,613 |  |  |  | 246 |  |  |  | 117 |  |  |  | - |  |  | -
|  |  |  | 5104 North Franklin Rd. |  | Lawrence |  | IN |  | — |  | Marsh Supermarkets, Inc. / Marsh Supermarkets, LLC |  |  | 28,721 |  |  |  | 48 |  |  |  | 48 |  |  |  | - |  |  | -
|  | 12/31/2018 |  | 1150 West Carl Sandburg Dr. |  | Galesburg |  | IL |  | — |  | Kmart Stores of Illinois LLC / Kmart Corporation |  |  | 94,970 |  |  |  | 82 |  |  |  | 7 |  |  |  | 304 |  |  | 07/2018
|  |  |  | 12080 Carmel Mountain Rd. |  | San Diego |  | CA |  | — |  | Sears, Roebuck and Co / Kmart Corporation |  |  | 107,210 |  |  |  | 188 |  |  |  | 8 |  |  |  | 346 |  |  | 07/2018
|  |  |  | 21082 Pioneer Plaza Dr. |  | Watertown |  | NY |  | — |  | Kmart Corporation |  |  | 120,727 |  |  |  | 120 |  |  |  | 12 |  |  |  | 510 |  |  | 07/2018
|  |  |  | 255 Northgate Dr. |  | Manteca |  | CA |  | — |  | Kmart Corporation |  |  | 107,489 |  |  |  | 139 |  |  |  | 13 |  |  |  | 542 |  |  | 07/2018
|  |  |  | 5350 Leavitt Rd. |  | Lorain |  | OH |  | — |  | Kmart Corporation |  |  | 193,193 |  |  |  | 183 |  |  |  | 18 |  |  |  | 767 |  |  | 07/2018
|  |  |  | 97 Seneca Trail |  | Fairlea |  | WV |  | — |  | Kmart Corporation |  |  | 90,933 |  |  |  | 87 |  |  |  | 8 |  |  |  | 358 |  |  | 07/2018
2019 |  | 3/31/2019 |  | B.E.C. 45th St./Lee Blvd. |  | Lawton |  | OK |  | — |  | Associated Wholesale Grocers, Inc. / Safeway, Inc. |  |  | 30,757 |  |  |  | 47 |  |  |  | 46 |  |  |  | - |  |  | -
|  | 6/30/2019 |  | 1600 East 23rd St. |  | Chattanooga |  | TN |  | — |  | BI-LO, LLC / K-VA-T Food Stores, Inc. |  |  | 42,130 |  |  |  | 32 |  |  |  | 32 |  |  |  | - |  |  | -
|  | 12/31/2019 |  | 1066 Main St. |  | Forest Park |  | GA |  | — |  | Bank of America, N.A. (Bank of America Corporation) |  |  | 14,859 |  |  |  | 50 |  |  |  | 50 |  |  |  | - |  |  | -
|  |  |  | 1698 Mountain Industrial Blvd. |  | Stone Mountain |  | GA |  | — |  | Bank of America, N.A. (Bank of America Corporation) |  |  | 5,704 |  |  |  | 24 |  |  |  | 24 |  |  |  | - |  |  | -
|  |  |  | 201 West Main St. |  | Cumming |  | GA |  | — |  | Bank of America, N.A. (Bank of America Corporation) |  |  | 14,208 |  |  |  | 50 |  |  |  | 50 |  |  |  | - |  |  | -
|  |  |  | 2223 North Druid Hills Rd. |  | Atlanta |  | GA |  | — |  | Bank of America, N.A. (Bank of America Corporation) |  |  | 6,260 |  |  |  | 28 |  |  |  | 28 |  |  |  | - |  |  | -
|  |  |  | 4545 Chamblee – Dunwoody Rd. |  | Dunwoody |  | GA |  | — |  | Bank of America, N.A. (Bank of America Corporation) |  |  | 4,565 |  |  |  | 22 |  |  |  | 22 |  |  |  | - |  |  | -
|  |  |  | 825 Southway Dr. |  | Jonesboro |  | GA |  | — |  | Bank of America, N.A. (Bank of America Corporation) |  |  | 4,894 |  |  |  | 19 |  |  |  | 19 |  |  |  | - |  |  | -
|  |  |  | 956 Ponce de Leon Ave. |  | Atlanta |  | GA |  | — |  | Bank of America, N.A. (Bank of America Corporation) |  |  | 3,900 |  |  |  | 20 |  |  |  | 20 |  |  |  | - |  |  | -
2023 |  | 2/28/2023 |  | 291 Talbert Blvd. |  | Lexington |  | NC |  | — |  | Food Lion, LLC / Delhaize America, Inc. |  |  | 23,000 |  |  |  | 35 |  |  |  | 35 |  |  |  | - |  |  | -
|  |  |  | 733 East Main St. |  | Jefferson |  | NC |  | — |  | Food Lion, LLC / Delhaize America, Inc. |  |  | 34,555 |  |  |  | 39 |  |  |  | 40 |  |  |  | - |  |  | -
|  |  |  | 2411 West Beverly St. |  | Staunton |  | VA |  | — |  | Food Lion, LLC / Delhaize America, Inc. |  |  | 23,000 |  |  |  | 41 |  |  |  | 41 |  |  |  | - |  |  | -
2026 |  | 5/31/2026 |  | 6910 South Memorial Hwy. |  | Tulsa |  | OK |  | — |  | Toys “R” Us, Inc. / Toys "R" Us-Delaware, Inc. |  |  | 43,123 |  |  |  | 59 |  |  |  | 59 |  |  |  | - |  |  | -
2028 |  | 11/30/2028 |  | 832 N. Westover Blvd . |  | Albany |  | GA |  | — |  | Gander Mountain Company |  |  | 45,554 |  |  |  | 174 |  |  |  | 158 |  |  |  | - |  |  | -
2029 |  | 1/31/2029 |  | 175 Holt Garrison Pkwy. |  | Danville |  | VA |  | — |  | Home Depot USA, Inc. |  |  | - |  |  |  | 54 |  |  |  | 65 |  |  |  | - |  |  | -
2043 |  | 2/28/2043 |  | 1237 W. Sherman Ave. |  | Vineland |  | NJ |  | — |  | HealthSouth Rehabilitation Hospital of South Jersey, LLC (HealthSouth Corporation) |  |  | 39,287 |  |  |  | 284 |  |  |  | 284 |  |  |  | - |  |  | -
2048 |  | 12/31/2048 |  | 30 Light St. |  | Baltimore |  | MD |  | — |  | 30 Charm City, LLC |  |  | - |  |  |  | 75 |  |  |  | 75 |  |  |  | - |  |  | -
2055 |  | 1/31/2055 |  | 499 Derbyshire Dr. |  | Venice |  | FL |  | — |  | Littlestone Brotherhood LLC |  |  | 31,180 |  |  |  | 477 |  |  |  | 327 |  |  |  | - |  |  | -
2112 |  | 8/31/2112 |  | 201-215 N. Charles St. |  | Baltimore |  | MD |  | — |  | 201 NC Leasehold LLC |  |  | - |  |  |  | 68 |  |  |  | 68 |  |  |  | - |  |  | -
OTHER TOTAL/WEIGHTED AVERAGE |  | 100% Leased |  |  | 1,271,119 |  |  | $ | 2,870 |  |  | $ | 1,851 |  |  | $ | 2,827 |  |  |
TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE |  | 96.1% Leased (17) |  |  | 43,672,202 |  |  | $ | 85,844 |  |  | $ | 83,837 |  |  | $ | 737,260 |  |  |

Footnotes

| 1 | Square footage leased or available.

| 2 | Three months ended 3/31/2017 cash rent. See definitions of non-GAAP measures and reconciliations to applicable GAAP measures in this document.

| 3 | Three months ended 3/31/2017 GAAP rent, excluding termination income.

| 4 | Mortgage encumbering the property is in default as of 3/31/2017.

| 5 | Part of Richmond, Virginia property, which is primarily leased to McGuireWoods LLP.

| 6 | Lexington has a 71.1% interest in this property.

| 7 | Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company) lease for 100,632 square feet expires 12/31/2019; however, 71,073 square feet is then leased to Wisconsin Physicians Service Insurance Corp. through 8/31/2023.

| 8 | Multi-tenant properties are properties less than 50% leased to a single tenant.

| 9 | ConAgra Foods, Inc. provides credit support.

| 10 | Educational Policy Improvement Center lease for 10,791 square feet expires 11/2019; however, space is then leased to Oregon Research Institute through 11/2027.

| 11 | Cash and GAAP rent amounts represent/include prior tenant.

| 12 | 21,365 square feet is leased to 7/31/2025.

| 13 | Tenant exercised purchase option for $13.6 million. Property classified as held for sale at 3/31/2017 and sold subsequent to 3/31/2017.

| 14 | The multi-tenanted properties incurred approximately $1.7 million in operating expenses, net for the three months ended 3/31/2017.

| 15 | Heidelberg Americas, Inc. lease expires 3/30/2021; however, new tenant (Goss International Americas, Inc.) lease expires 3/30/2026.

| 16 | 24,385 square feet leased to new tenant through 04/2018.

| 17 | Consolidated portfolio is 96.2% leased, excluding properties owned subject to mortgages in default.

| 18 | Property sold subsequent to 3/31/2017.

36

LEXINGTON REALTY TRUST

Property Leases and Vacancies - Non-consolidated Portfolio - 3/31/2017

Year of Lease Expiration |  | Date of Lease Expiration |  | Property Location |  | City |  | State |  | Note |  | Primary Tenant (Guarantor) |  | Sq.Ft. |  |  | LXP % Ownership |  |  | GAAP Rent as of 3/31/2017 ($000) (3) |  |  | Cash Rent as of 3/31/2017 ($000) (2) |  |  | 3/31/2017 Debt Balance ($000) |  |  | Debt Maturity
NON-CONSOLIDATED PROPERTIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2028 |  | 3/31/2028 |  | 100 Gander Way |  | Palm Beach Gardens |  | FL |  | — |  | Gander Mountain Company |  |  | 120,000 |  |  |  | 25 | % |  |  | 763 |  |  |  | 729 |  |  |  | 14,088 |  |  | 03/2018
2029 |  | 1/31/2029 |  | 18839 McKay Blvd. |  | Humble |  | TX |  | — |  | Triumph Rehabilitation Hospital of Northeast Houston, LLC (RehabCare Group, Inc.) |  |  | 55,646 |  |  |  | 15 | % |  |  | 683 |  |  |  | 623 |  |  |  | 14,006 |  |  | 05/2017
2033 |  | 10/31/2033 |  | 607 & 611 Lumsden Professional Ct. |  | Brandon |  | FL |  | 1 |  | BluePearl Holdings, LLC |  |  | 8,500 |  |  |  | 15 | % |  |  | 50 |  |  |  | 50 |  |  |  | - |  |  | -
|  |  |  | 4525 Ulmerton Rd. |  | Clearwater |  | FL |  | 1 |  | BluePearl Holdings, LLC |  |  | 3,000 |  |  |  | 15 | % |  |  | 30 |  |  |  | 30 |  |  |  | - |  |  | -
|  |  |  | 455 Abernathy Rd. |  | Atlanta |  | GA |  | 1 |  | BluePearl Holdings, LLC |  |  | 32,000 |  |  |  | 15 | % |  |  | 302 |  |  |  | 246 |  |  |  | - |  |  | -
|  |  |  | 820 Frontage Rd. |  | Northfield |  | IL |  | 1 |  | BluePearl Holdings, LLC |  |  | 14,000 |  |  |  | 15 | % |  |  | 116 |  |  |  | 116 |  |  |  | - |  |  | -
|  |  |  | 4126 Packard Rd. |  | Ann Arbor |  | MI |  | 1 |  | BluePearl Holdings, LLC |  |  | 3,500 |  |  |  | 15 | % |  |  | 14 |  |  |  | 14 |  |  |  | - |  |  | -
|  |  |  | 29080 Inkster Rd. |  | Southfield |  | MI |  | 1 |  | BluePearl Holdings, LLC |  |  | 38,000 |  |  |  | 15 | % |  |  | 318 |  |  |  | 278 |  |  |  | 18,791 |  |  | 11/2018
2036 |  | 8/31/2036 |  | 2203 North Westgreen Blvd. |  | Katy |  | TX |  | — |  | British Schools of America, LLC |  |  | 274,000 |  |  |  | 25 | % |  |  | 1,622 |  |  |  | 1,622 |  |  |  | - |  |  | -
NON-CONSOLIDATED TOTAL/WEIGHTED AVERAGE |  |  |  | 100.0% Leased |  |  | 548,646 |  |  |  |  |  |  | $ | 3,898 |  |  | $ | 3,708 |  |  | $ | 46,885 |  |  |

Footnotes

| 1 | All mortgage notes are cross-collateralized and cross-defaulted.

| 2 | Three months ended 3/31/2017 cash rent.

| 3 | Three months ended 3/31/2017 GAAP rent, excluding termination income.

37

LEXINGTON REALTY TRUST

Select Credit Metrics Summary (1)

|  | 3/31/2017 |
Adjusted Company FFO Payout Ratio |  |  | 76.1 | %
Unencumbered Assets |  |  | $3.16 billion |
Unencumbered NOI |  |  | 71.8 | %
(Debt + Preferred) / Gross Assets |  |  | 41.8 | %
Debt/Gross Assets |  |  | 39.7 | %
Secured Debt / Gross Assets |  |  | 15.7 | %
Net Debt / Adjusted EBITDA |  |  | 4.9 | x
(Net Debt + Preferred) / Adjusted EBITDA |  |  | 5.2 | x
Credit Facilities Availability (2) |  |  | $395.4 million |
Development / Gross Assets |  |  | 1.6 | %

Footnotes

| (1) | See reconciliations of non-GAAP measures in this document. Lexington believes these credit metrics provide investors with additional information to evaluate its liquidity and performance.

| (2) | Subject to covenant compliance.

38

LEXINGTON REALTY TRUST

FINANCIAL COVENANTS (1)

Corporate Level Debt

Bank Loans: |  | Must be: |  | 3/31/2017
Maximum Leverage |  | < 60% |  | 41.1%
Fixed Charge Coverage |  | > 1.5x |  | 2.7x
Recourse Secured Indebtedness Ratio |  | < 10% cap value |  | 0.0%
Secured Indebtedness Ratio |  | < 45% |  | 18.1%
Unsecured Debt Service Coverage |  | > 2.0x |  | 5.1x
Unencumbered Leverage |  | < 60% |  | 30.9%
Bonds: |  |  |  |
Debt to Total Assets |  | < 60% |  | 40.4%
Secured Debt to Total Assets |  | < 40% |  | 15.9%
Debt Service Coverage |  | > 1.5x |  | 4.1x
Unencumbered Assets to Unsecured Debt |  | > 150% |  | 307.4%

Footnotes

| (1) | The following is a summary of the key financial covenants for Lexington's credit facility and term loans and senior notes, as defined and calculated per the terms of the credit facility and term loans and senior notes, as applicable. These calculations are presented to show Lexington's compliance with such covenants only and are not measures of Lexington's liquidity or performance.

39

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2017

Property |  | Footnotes |  | Debt Balance ($000) |  |  | Interest Rate (%) |  |  | Maturity (a) |  | Current Estimated Annual Debt Service ($000) (c) |  |  | Balloon Payment ($000) |
Mortgages with Balloons |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lisle, IL |  | (b) |  | $ | 9,228 |  |  |  | 6.500 | % |  | N/A |  | $ | - |  |  | $ | 9,228 |
Memphis, TN |  | (b) |  |  | 3,496 |  |  |  | 5.710 | % |  | N/A |  |  | - |  |  |  | 3,496 |
Orlando, FL |  | (b) |  |  | 9,309 |  |  |  | 5.722 | % |  | N/A |  |  | - |  |  |  | 9,309 |
Shreveport, LA |  | (j) |  |  | 19,000 |  |  |  | 5.690 | % |  | 07/2017 |  |  | 366 |  |  |  | 19,000 |
McDonough, GA |  |  |  |  | 21,837 |  |  |  | 6.110 | % |  | 11/2017 |  |  | 1,091 |  |  |  | 21,651 |
Erwin, NY |  |  |  |  | 7,334 |  |  |  | 5.910 | % |  | 10/2018 |  |  | 728 |  |  |  | 6,637 |
Overland Park, KS |  |  |  |  | 33,279 |  |  |  | 5.891 | % |  | 05/2019 |  |  | 2,657 |  |  |  | 31,812 |
Kansas City, MO |  |  |  |  | 15,886 |  |  |  | 5.883 | % |  | 05/2019 |  |  | 1,268 |  |  |  | 15,179 |
Columbus, IN |  |  |  |  | 15,550 |  |  |  | 2.210 | % |  | 07/2019 |  |  | 4,757 |  |  |  | 4,993 |
Meridian, ID |  |  |  |  | 8,770 |  |  |  | 6.010 | % |  | 08/2019 |  |  | 753 |  |  |  | 7,675 |
Streetsboro, OH |  |  |  |  | 17,216 |  |  |  | 5.749 | % |  | 09/2019 |  |  | 1,344 |  |  |  | 16,338 |
Lenexa, KS |  |  |  |  | 8,950 |  |  |  | 6.270 | % |  | 12/2019 |  |  | 774 |  |  |  | 7,770 |
Boca Raton, FL |  |  |  |  | 19,292 |  |  |  | 6.470 | % |  | 02/2020 |  |  | 1,542 |  |  |  | 18,414 |
Oakland, ME |  |  |  |  | 8,549 |  |  |  | 5.930 | % |  | 10/2020 |  |  | 750 |  |  |  | 7,660 |
Lavonia, GA |  |  |  |  | 7,267 |  |  |  | 5.460 | % |  | 12/2020 |  |  | 741 |  |  |  | 5,895 |
Charleston, SC |  |  |  |  | 7,063 |  |  |  | 5.850 | % |  | 02/2021 |  |  | 520 |  |  |  | 6,632 |
Whippany, NJ |  |  |  |  | 13,091 |  |  |  | 6.298 | % |  | 11/2021 |  |  | 1,344 |  |  |  | 10,400 |
Chester, SC |  |  |  |  | 7,876 |  |  |  | 5.380 | % |  | 08/2025 |  |  | 1,144 |  |  |  | 362 |
Richland, WA |  |  |  |  | 110,000 |  |  |  | 4.000 | % |  | 01/2026 |  |  | 4,400 |  |  |  | 99,492 |
Lenexa, KS |  |  |  |  | 34,551 |  |  |  | 3.700 | % |  | 11/2027 |  |  | 2,971 |  |  |  | 10,000 |
Richmond, VA |  |  |  |  | 57,500 |  |  |  | 5.191 | % |  | 02/2031 |  |  | 3,026 |  |  |  | 53,176 |
Lake Jackson, TX |  |  |  |  | 195,523 |  |  |  | 4.040 | % |  | 10/2036 |  |  | 11,985 |  |  |  | 11,305 |
Subtotal/Wtg. Avg./Years Remaining (i) |  |  |  | $ | 630,567 |  |  |  | 4.738 | % |  | 10.2 |  | $ | 42,161 |  |  | $ | 376,424 |
Full Amortizing Mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lorain, OH |  |  |  |  | 767 |  |  |  | 7.750 | % |  | 07/2018 |  |  | 545 |  |  |  | - |
Manteca, CA |  |  |  |  | 542 |  |  |  | 7.750 | % |  | 07/2018 |  |  | 385 |  |  |  | - |
Watertown, NY |  |  |  |  | 510 |  |  |  | 7.750 | % |  | 07/2018 |  |  | 362 |  |  |  | - |
Fairlea, WV |  |  |  |  | 358 |  |  |  | 7.750 | % |  | 07/2018 |  |  | 254 |  |  |  | - |
San Diego, CA |  |  |  |  | 346 |  |  |  | 7.750 | % |  | 07/2018 |  |  | 245 |  |  |  | - |
Galesburg, IL |  |  |  |  | 304 |  |  |  | 7.750 | % |  | 07/2018 |  |  | 216 |  |  |  | - |
North Berwick, ME |  |  |  |  | 2,954 |  |  |  | 3.560 | % |  | 04/2019 |  |  | 1,532 |  |  |  | - |
Wall, NJ |  |  |  |  | 13,392 |  |  |  | 6.250 | % |  | 01/2021 |  |  | 3,774 |  |  |  | - |
Palo Alto, CA |  |  |  |  | 41,945 |  |  |  | 3.970 | % |  | 12/2023 |  |  | 7,059 |  |  |  | - |
Long Island City, NY |  |  |  |  | 45,575 |  |  |  | 3.500 | % |  | 03/2028 |  |  | 4,538 |  |  |  | - |
Subtotal/Wtg. Avg./Years Remaining (i) |  |  |  | $ | 106,693 |  |  |  | 4.144 | % |  | 7.8 |  | $ | 18,910 |  |  | $ | - |
Subtotal/Wtg. Avg./Years Remaining (i) |  |  |  | $ | 737,260 |  |  |  | 4.652 | % |  | 9.9 |  | $ | 61,071 |  |  | $ | 376,424 |

40

LEXINGTON REALTY TRUST

Consolidated Properties: Mortgages and Notes Payable

3/31/2017

Property |  | Footnotes |  | Debt Balance ($000) |  |  | Interest Rate (%) |  |  | Maturity (a) |  | Current Estimated Annual Debt Service ($000) (c) |  |  | Balloon Payment ($000) |
Corporate (f) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term Loan |  | (g) |  | $ | 250,000 |  |  |  | 2.192 | % |  | 08/2020 |  | $ | 5,556 |  |  | $ | 250,000 |
Term Loan |  | (h) |  |  | 255,000 |  |  |  | 2.523 | % |  | 01/2021 |  |  | 6,523 |  |  |  | 255,000 |
Senior Notes |  |  |  |  | 250,000 |  |  |  | 4.250 | % |  | 06/2023 |  |  | 10,625 |  |  |  | 250,000 |
Senior Notes |  |  |  |  | 250,000 |  |  |  | 4.400 | % |  | 06/2024 |  |  | 11,000 |  |  |  | 250,000 |
Trust Preferred Notes |  | (d) |  |  | 129,120 |  |  |  | 6.804 | % |  | 04/2037 |  |  | 8,785 |  |  |  | 129,120 |
Subtotal/Wtg. Avg./Years Remaining (i) |  |  |  | $ | 1,134,120 |  |  |  | 3.732 | % |  | 6.8 |  | $ | 42,489 |  |  | $ | 1,134,120 |
Total/Wtg. Avg./Years Remaining (i) |  | (e) |  | $ | 1,871,380 |  |  |  | 4.094 | % |  | 8.0 |  | $ | 103,560 |  |  | $ | 1,510,544 |

Footnotes

| (a) | Subtotal and total based on weighted-average term to maturity shown in years based on debt balance.

| (b) | Loan is in default as of March 31, 2017.

| (c) | Remaining payments for debt with less than 12 months to maturity, all others are debt service for next 12 months.

| (d) | Rate fixed through 04/2017; thereafter, three month LIBOR plus 170 bps.

| (e) | See reconciliations of non-GAAP measures in this document.

| (f) | Unsecured.

| (g) | Rate ranges from LIBOR plus 0.90% to 1.75%. LIBOR rate fixed at 1.09% through February 2018 via interest rate swap agreements.

| (h) | Rate ranges from LIBOR plus 0.90% to 1.75%. LIBOR rate fixed at 1.42% through January 2019 via interest rate swap agreements.

| (i) | Total shown may differ from detailed amounts due to rounding.

| (j) | Loan satisfied subsequent to March 31, 2017.

41

LEXINGTON REALTY TRUST

Non- Consolidated Investments: Mortgages & Notes Payable

3/31/2017

Joint Venture |  | Debt Balance ($000) |  |  | Interest Rate (%) |  |  | Maturity |  | Current Estimated Annual Debt Service ($000) (3) |  |  | Balloon Payment ($000) |
Rehab Humble Lessee (1) |  | $ | 14,006 |  |  |  | 4.700 | % |  | 05/2017 |  | $ | 134 |  |  | $ | 13,982 |
Gan Palm Beach Lessee (2) |  |  | 14,088 |  |  |  | 3.700 | % |  | 03/2018 |  |  | 842 |  |  |  | 13,768 |
BP Lessee (1) |  |  | 18,791 |  |  |  | 4.010 | % |  | 11/2018 |  |  | 764 |  |  |  | 18,791 |
Total/Wtg. Avg. (1)/Years Remaining (2) |  | $ | 46,885 |  |  |  | 4.123 | % |  | 0.9 |  | $ | 1,740 |  |  | $ | 46,541 |

Joint Venture |  | Debt Balance ($000) |  |  | Interest Rate (%) |  |  | Maturity |  | Current Estimated Annual Debt Service ($000) (3) |  |  | Balloon Payment ($000) |
BS Lessee (4) |  | $ | 47,303 |  |  |  | 7.500 | % |  | 09/2031 |  | $ | 5,331 |  |  | $ | - |

Footnotes

| (1) | Lexington has a 15% equity interest in the joint venture.

| (2) | Lexington has a 25% equity interest in the joint venture.

| (3) | Remaining payments for debt with less than 12 months to maturity, all others are debt service for next 12 months.

| (4) | Lexington has a 25% equity interest in the joint venture. Lexington is the lender of this mortgage pursuant to the joint venture agreement and is committed to fund up to $56.7 million.

42

LEXINGTON REALTY TRUST

Debt Maturity Schedule

3/31/2017

($000)

Consolidated Properties
Year |  | Mortgage Scheduled Amortization |  |  | Mortgage Balloon Payments |  |  | Corporate Debt |
2017-remaining |  | $ | 22,134 |  |  | $ | 62,684 |  |  | $ | - |
2018 |  |  | 30,077 |  |  |  | 6,637 |  |  |  | - |
2019 |  |  | 26,681 |  |  |  | 83,767 |  |  |  | - |
2020 |  |  | 23,178 |  |  |  | 31,969 |  |  |  | 250,000 |
2021 |  |  | 23,433 |  |  |  | 17,032 |  |  |  | 255,000 |
|  | $ | 125,503 |  |  | $ | 202,089 |  |  | $ | 505,000 |

Footnotes

| (1) | Percentage denotes weighted-average interest rate.

43

LEXINGTON REALTY TRUST

Selected Balance Sheet and Income Statement Account Data

3/31/2017

($000)

Balance Sheet |  |  |  |
Other assets |  | $ | 30,651 |
The components of other assets are: |  |  |  |
Deposits |  | $ | 937 |
Equipment |  |  | 601 |
Prepaids |  |  | 3,517 |
Other receivables |  |  | 890 |
Deferred lease incentives |  |  | 16,089 |
Lake Jackson developer escrows |  |  | 7,942 |
Interest rate swap derivative asset |  |  | 550 |
Other |  |  | 125 |
Accounts payable and other liabilities |  |  |  |
The components of accounts payable and other liabilities are: |  | $ | 44,326 |
Accounts payable and accrued expenses |  | $ | 9,993 |
CIP accruals and other |  |  | 6,017 |
Taxes |  |  | 657 |
Deferred lease and loan costs |  |  | 9,453 |
Deposits |  |  | 1,187 |
Escrows |  |  | 1,030 |
Transaction / build-to-suit costs |  |  | 15,698 |
Interest rate swap derivative liability |  |  | 291 |
Income Statement - Three months ended March 31, 2017 |  |  |  |
Non-cash interest expense, net |  | $ | 208 |

44

LEXINGTON REALTY TRUST

NON-GAAP MEASURES

DEFINITIONS

Lexington has used non-GAAP financial measures as defined by the Securities and Exchange Commission Regulation G in the Quarterly Earnings Press Release, in this Quarterly Supplemental Information and in other public disclosures.

Lexington believes that the measures defined below are helpful to investors in measuring our performance or that of an individual investment. Since these measures exclude certain items which are included in their respective most comparable Generally Accepted Accounting Principles (“GAAP”) measures, reliance on the measures has limitations; management compensates for these limitations by using the measures simply as supplemental measures that are weighed in balance with other GAAP measures. These measures are not necessarily indications of our cash flow available to fund cash needs. Additionally, they should not be used as an alternative to the respective most comparable GAAP measures when evaluating Lexington's financial performance or cash flow from operating, investing, or financing activities or liquidity.

Definitions:

Adjusted EBITDA: Adjusted EBITDA represents EBITDA (earnings before interest, taxes, depreciation and amortization) modified to include other adjustments to GAAP net income for gains on sales of properties, impairment charges, debt satisfaction gains (charges), net, non-cash charges, net, straight-line adjustments and adjustments for pro-rata share of non-wholly owned entities. Lexington’s calculation of Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. Lexington believes that net income is the most directly comparable GAAP measure to Adjusted EBITDA.

Cash Rent: Cash Rent is calculated by making adjustments to GAAP rent to remove the impact of GAAP required adjustments to rental income such as adjustments for straight-line rents related to free rent periods and contractual rent increases. Cash Rent excludes lease termination income. Lexington believes Cash Rent provides a meaningful indication of an investments ability to fund cash needs.

Funds from Operations (“FFO”) and Adjusted Company FFO: Lexington believes that Funds from Operations, or FFO, which is a non-GAAP measure, is a widely recognized and appropriate measure of the performance of an equity real estate investment trust (“REIT”). 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 GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate diminishes ratably over time. 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.

The National Association of Real Estate Investment Trusts, or NAREIT, defines FFO 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 non-consolidated partnerships and joint ventures.” NAREIT clarified its computation of FFO to exclude impairment charges on depreciable real estate owned directly or indirectly. FFO does not represent cash generated from operating activities in accordance with GAAP and is not indicative of cash available to fund cash needs.

Lexington presents FFO available to common shareholders and unitholders - basic and also presents FFO available to all equityholders and unitholders - diluted on a company-wide basis as if all securities that are convertible, at the holder's option, into Lexington’s common shares, are converted at the beginning of the period. Lexington also presents Adjusted Company FFO available to all equityholders and unitholders - diluted which adjusts FFO available to all equityholders and unitholders - diluted for certain items which we believe are not indicative of the operating results of Lexington's real estate portfolio. Lexington believes this is an appropriate presentation as it is frequently requested by security analysts, investors and other interested parties. Since others do not calculate these measures in a similar fashion, these measures may not be comparable to similarly titled measures as reported by others. These measures should not be considered as an alternative to net income as an indicator of Lexington’s operating performance or as an alternative to cash flow as a measure of liquidity.

GAAP and Cash Yield or Capitalization Rate: GAAP and cash yields or capitalization rates are measures of operating performance used to evaluate the individual performance of an investment. These measures are not presented or intended to be viewed as a liquidity or performance measure that present a numerical measure of Lexington's historical or future financial performance, financial position or cash flows. The yield or capitalization rate is calculated by dividing the annualized NOI (as defined below, except GAAP rent adjustments are added back to rental income to calculate GAAP yield or capitalization rate) the investment is expected to generate (or has generated) by the acquisition/completion cost (or sale) price.

45

LEXINGTON REALTY TRUST

NON-GAAP MEASURES

DEFINITIONS (CONTINUED)

Net Operating Income (NOI): NOI is a measure of operating performance used to evaluate the individual performance of an investment. This measure is not presented or intended to be viewed as a liquidity or performance measure that presents a numerical measure of Lexington's historical or future financial performance, financial position or cash flows. Lexington defines NOI as operating revenues (rental income (less GAAP rent adjustments and lease termination income), tenant reimbursements and other property income) less property operating expenses. Other REITs may use different methodologies for calculating NOI, and accordingly, Lexington's NOI may not be comparable to that of other companies. Because NOI excludes general and administrative expenses, interest expense, depreciation and amortization, acquisition-related expenses, other nonproperty income and losses, and gains and losses from property dispositions, it provides a performance measure that, when compared year over year, reflects the revenues and expenses directly associated with owning and operating commercial real estate and the impact to operations from trends in occupancy rates, rental rates, and operating costs, providing a perspective on operations not immediately apparent from net income. Lexington believes that net income is the most directly comparable GAAP measure to NOI.

Same-Store NOI: Same-Store NOI represents the NOI for consolidated properties that were owned and included in our portfolio for two comparable reporting periods excluding properties encumbered by mortgage loans in default and the revenue associated with the expansion of properties, as applicable. As Same-Store NOI excludes the change in NOI from acquired and disposed of properties and certain other properties, it highlights operating trends such as occupancy levels, rental rates and operating costs on properties. Other REITs may use different methodologies for calculating Same-Store NOI, and accordingly, Lexington's Same-Store NOI may not be comparable to other REITs. Management believes that Same-Store NOI is a useful supplemental measure of Lexington's operating performance. However, Same-Store NOI should not be viewed as an alternative measure of Lexington 's financial performance since it does not reflect the operations of Lexington's entire portfolio, nor does it reflect the impact of general and administrative expenses, acquisition-related expenses, interest expense, depreciation and amortization costs, other nonproperty income and losses, the level of capital expenditures and leasing costs necessary to maintain the operating performance of Lexington's properties, or trends in development and construction activities which are significant economic costs and activities that could materially impact Lexington's results from operations. Lexington believes that net income is the most directly comparable GAAP measure to Same-Store NOI.

46

LEXINGTON REALTY TRUST

RECONCILIATION OF NON-GAAP MEASURES

($000)

|  | Three months ended March 31, 2017 |
Cash Rent Reconciliation: |  |  |  |
Rental revenue as reported |  | $ | 88,654 |
Rental revenue from sold properties |  |  | (881 | )
Lease termination income |  |  | (1,929 | )
GAAP rent per supplement |  |  | 85,844 |
GAAP rent adjustments: (1) |  |  |  |
Straight-line adjustments |  |  | (2,923 | )
Lease incentives |  |  | 402 |
Amortization of above/below market leases |  |  | 514 |
Cash rent per supplement |  | $ | 83,837 |

Consolidated debt reconciliation March 31, 2017:

|  | GAAP Balance |  |  | Deferred Loan Costs, net |  |  | Discounts |  |  | Gross Balance |
Mortgages and notes payable (2) |  | $ | 730,310 |  |  | $ | 6,950 |  |  | $ | - |  |  | $ | 737,260 |
Term loans payable (3) |  |  | 501,348 |  |  |  | 3,652 |  |  |  | - |  |  |  | 505,000 |
Senior notes payable(3) |  |  | 494,571 |  |  |  | 3,717 |  |  |  | 1,712 |  |  |  | 500,000 |
Trust preferred securities (3) |  |  | 127,121 |  |  |  | 1,999 |  |  |  | - |  |  |  | 129,120 |
Consolidated debt |  | $ | 1,853,350 |  |  | $ | 16,318 |  |  | $ | 1,712 |  |  | $ | 1,871,380 |

Footnotes

| (1) | Individual items are adjusted for sold properties, which were previously reflected in the reconciliation.

| (2) | Secured.

| (3) | Unsecured.

47

LEXINGTON REALTY TRUST

RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)

($000)

Same-Store NOI Reconciliation:

|  | Three months ended March 31, |
|  | 2017 |  |  | 2016 |
Net Income |  | $ | 42,220 |  |  | $ | 50,453 |
Interest and amortization expense |  |  | 19,725 |  |  |  | 22,893 |
Provision for income taxes |  |  | 422 |  |  |  | 413 |
Depreciation and amortization |  |  | 42,891 |  |  |  | 43,127 |
General and administrative |  |  | 9,457 |  |  |  | 7,775 |
Transaction costs |  |  | 186 |  |  |  | 146 |
Non-operating income |  |  | (2,621 | ) |  |  | (2,867 | )
Gains on sales of properties |  |  | (34,193 | ) |  |  | (17,015 | )
Impairment charges and loan loss |  |  | 7,992 |  |  |  | - |
Debt satisfaction charges, net |  |  | - |  |  |  | 162 |
Equity in earnings of non-consolidated entities |  |  | (1,910 | ) |  |  | (5,742 | )
Lease termination income |  |  | (1,929 | ) |  |  | (2,411 | )
Straight-line adjustments |  |  | (2,909 | ) |  |  | (11,139 | )
Lease incentives |  |  | 431 |  |  |  | 423 |
Amortization of above/below market leases |  |  | 514 |  |  |  | 456 |
Net Operating Income - ("NOI") |  |  | 80,276 |  |  |  | 86,674 |
Less NOI: |  |  |  |  |  |  |  |
Disposed of properties |  |  | (642 | ) |  |  | (11,208 | )
Acquired properties |  |  | (6,945 | ) |  |  | (520 | )
Properties in default |  |  | (699 | ) |  |  | (877 | )
Same-Store NOI |  | $ | 71,990 |  |  | $ | 74,069 |

NOI for NAV:

|  | Three months |
|  | March 31, 2017 |
NOI per above |  | $ | 80,276 |
Less NOI: |  |  |  |
Disposed of properties |  |  | (642 | )
Assets held for sale |  |  | (267 | )
Assets acquired in 2017 (1) |  |  | (237 | )
Assets less than 70% leased / Other |  |  | (26 | )
NOI for NAV |  | $ | 79,104 |

Footnotes

| (1) | Excludes Lake Jackson, TX.

48

LEXINGTON REALTY TRUST

RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)

($000)

Reconciliation to Adjusted EBITDA:

|  | Three months ended |  |  |  |
|  | 3/31/2017 |  |  | 12/31/2016 |  |  | 9/30/2016 |  |  | 6/30/2016 |  |  | Trailing 12 Months |
Net income (loss) attributable to Lexington Realty Trust shareholders |  | $ | 42,040 |  |  | $ | 16,001 |  |  | $ | (25,352 | ) |  | $ | 55,532 |  |  | $ | 88,221 |
Interest and amortization expense |  |  | 19,725 |  |  |  | 19,459 |  |  |  | 23,001 |  |  |  | 22,679 |  |  |  | 84,864 |
Provision for income taxes |  |  | 422 |  |  |  | 340 |  |  |  | 462 |  |  |  | 224 |  |  |  | 1,448 |
Depreciation and amortization |  |  | 42,891 |  |  |  | 41,361 |  |  |  | 40,288 |  |  |  | 41,272 |  |  |  | 165,812 |
Straight-line adjustments |  |  | (2,909 | ) |  |  | (2,051 | ) |  |  | (11,317 | ) |  |  | (13,241 | ) |  |  | (29,518 | )
Lease incentives |  |  | 431 |  |  |  | 417 |  |  |  | 414 |  |  |  | 419 |  |  |  | 1,681 |
Amortization of above/below market leases |  |  | 514 |  |  |  | 530 |  |  |  | 572 |  |  |  | 499 |  |  |  | 2,115 |
Gains on sales of properties |  |  | (34,193 | ) |  |  | (23,097 | ) |  |  | (16,072 | ) |  |  | (25,326 | ) |  |  | (98,688 | )
Impairment charges and loan loss |  |  | 7,992 |  |  |  | 24,332 |  |  |  | 72,890 |  |  |  | 3,014 |  |  |  | 108,228 |
Debt satisfaction (gains) charges, net |  |  | - |  |  |  | 157 |  |  |  | (2,538 | ) |  |  | 3,194 |  |  |  | 813 |
Non-cash charges, net |  |  | 2,146 |  |  |  | 2,092 |  |  |  | 2,296 |  |  |  | 2,403 |  |  |  | 8,937 |
Pro-rata share adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consolidated entities adjustment |  |  | (1,066 | ) |  |  | (319 | ) |  |  | 360 |  |  |  | 254 |  |  |  | (771 | )
Noncontrolling interests adjustment |  |  | (13 | ) |  |  | 698 |  |  |  | (2,495 | ) |  |  | 941 |  |  |  | (869 | )
Adjusted EBITDA |  | $ | 77,980 |  |  | $ | 79,920 |  |  | $ | 82,509 |  |  | $ | 91,864 |  |  | $ | 332,273 |

49

LEXINGTON REALTY TRUST

RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)

($000)

Reconciliation of Select Credit Metrics:

Adjusted Company FFO Payout: |  | Three months ended March 31, 2017 |  |  | (Debt + Preferred) / Gross Assets: |  | Three months ended March 31, 2017 |
Common share dividends per share |  | $ | 0.175 |  |  | Consolidated debt |  | $ | 1,853,350 |
Adjusted Company FFO per diluted share |  |  | 0.23 |  |  | Preferred shares liquidation preference |  |  | 96,770 |
Adjusted Company FFO payout ratio |  |  | 76.1 | % |  | Debt and preferred |  | $ | 1,950,120 |
Unencumbered Assets: |  |  |  |  |  | Total assets |  | $ | 3,446,705 |
Real estate, at cost |  | $ | 4,220,937 |  |  | Plus depreciation and amortization: |  |  |  |
held for sale real estate, at cost |  |  | 11,600 |  |  | Real estate |  |  | 1,193,639 |
less encumbered real estate, at cost |  |  | (1,070,403 | ) |  | Deferred lease costs |  |  | 25,497 |
Unencumbered assets |  | $ | 3,162,134 |  |  |  |  |  |  |
|  |  |  |  |  | Gross assets |  | $ | 4,665,841 |
Unencumbered NOI: |  |  |  |  |  |  |  |  |  |
NOI |  | $ | 80,276 |  |  | (Debt + Preferred) / Gross Assets |  |  | 41.8 | %
Disposed of properties NOI |  |  | (642 | ) |  |  |  |  |  |
Adjusted NOI |  |  | 79,634 |  |  | Debt / Gross Assets: |  |  |  |
less encumbered adjusted NOI |  |  | (22,471 | ) |  | Consolidated debt |  | $ | 1,853,350 |
Unencumbered adjusted NOI |  | $ | 57,163 |  |  |  |  |  |  |
Unencumbered NOI % |  |  | 71.8 | % |  | Gross assets |  | $ | 4,665,841 |
Net Debt / Adjusted EBITDA: |  |  |  |  |  | Debt / Gross assets |  |  | 39.7 | %
Adjusted EBITDA |  | $ | 332,273 |  |  |  |  |  |  |
|  |  |  |  |  | Secured Debt / Gross Assets: |  |  |  |
Consolidated debt |  | $ | 1,853,350 |  |  | Mortgages and notes payable |  | $ | 730,310 |
less cash and cash equivalents (1) |  |  | (222,341 | ) |  |  |  |  |  |
Net debt |  | $ | 1,631,009 |  |  | Gross assets |  | $ | 4,665,841 |
Net debt / Adjusted EBITDA |  |  | 4.9 | x |  | Secured Debt / Gross Assets |  |  | 15.7 | %
(Net Debt + Preferred) / Adjusted EBITDA: |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA |  | $ | 332,273 |  |  | Development / Gross Assets: |  |  |  |
|  |  |  |  |  | Investment in real estate under construction |  | $ | 69,128 |
Net debt |  | $ | 1,631,009 |  |  | Construction in progress |  |  | 4,768 |
Preferred shares liquidation preference |  |  | 96,770 |  |  | Development |  | $ | 73,896 |
Net debt + preferred |  | $ | 1,727,779 |  |  |  |  |  |  |
|  |  |  |  |  | Gross assets |  | $ | 4,665,841 |
(Net Debt + Preferred) / Adjusted EBITDA |  |  | 5.2 | x |  |  |  |  |  |
|  |  |  |  |  | Development / Gross Assets |  |  | 1.6 | %

Footnotes

| (1) | Includes funds held at 1031 exchange intermediaries.

50

Investor Information

Transfer Agent

Computershare | Overnight Correspondence:
PO Box 505000 | 462 South 4th Street, Suite 1600
Louisville, KY 40233 | Louisville, KY 40202
(800) 850-3948 |

www-us.computershare.com/investor

Investor Relations

Heather Gentry

Senior Vice President, Investor Relations

Telephone (direct) | (212) 692-7219
Facsimile (main) | (212) 594-6600
E-mail | hgentry@lxp.com

Research Coverage

Bank of America/Merrill Lynch |  |  | KeyBanc Capital Markets Inc. |
James Feldman | (646) 855-5808 |  | Craig Mailman | (917) 368-2316
Barclays Capital |  |  | Ladenburg Thalmann & Co., Inc. |
Ross L. Smotrich | (212) 526-2306 |  | Daniel P. Donlan | (212) 409-2056
Evercore Partners |  |  | Stifel Nicolaus |
Sheila K. McGrath | (212) 497-0882 |  | John W. Guinee | (443) 224-1307
J.P. Morgan Chase |  |  | Wells Fargo Securities, LLC |
Anthony Paolone | (212) 622-6682 |  | Todd J. Stender | (562) 637-1371
Jeffries & Company, Inc. |  |  |  |
Jon Peterson | (212) 284-1705 |  |  |

51