Exhibit 12.1

LEXINGTON REALTY TRUST

and Consolidated Subsidiaries

For the years ended December 31,

($000's)

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED SHARE DIVIDENDS

Earnings	2017		2016		2015		2014		2013
Income (loss) before provision for income taxes, noncontrolling interests, equity in earnings (losses) of non-consolidated entities and discontinued operations	$	89,394	$	90,299	$	112,025	$	48,325	$	(17,687	)
Interest expense	74,184		83,957		85,549		93,297		82,465
Amortization expense - debt cost	3,699		4,075		4,190		4,006		3,427
Cash received from joint ventures	403		815		2,056		1,381		918
Total	$	167,680	$	179,146	$	203,820	$	147,009	$	69,123
Fixed charges:
Interest expense	$	74,184	$	83,957	$	85,549	$	93,297	$	82,465
Amortization expense - debt cost	3,699		4,075		4,190		4,006		3,427
Capitalized interest expense	1,174		4,933		6,062		3,424		2,327
Preferred share dividends	6,290		6,290		6,290		6,290		9,833
Total	$	85,347	$	99,255	$	102,091	$	107,017	$	98,052
Ratio	1.96		1.80		2.00		1.37		N/A

N/A - Ratio is less than 1.0, deficit of $28,929 at December 31, 2013.