Exhibit 12

LEXINGTON REALTY TRUST
For the year ended December 31,
($000’s)
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

Earnings	2007			2006			2005			2004		2003
Income (loss) before benefit (provision) for income taxes, minority interest, equity in earnings of non-consolidated entities, gains on sale of properties-affiliate and discontinued operations	$	(74,392	)	$	(11,794	)	$	12,918		$	22,389	$	11,963
Interest expense		159,098			63,451			54,897			35,533		24,832
Amortization expense — debt cost		4,530			1,646			1,280			915		777
Debt satisfaction charges (gains)		1,209			(7,228	)		(4,409	)		56		2,994
Cash received from joint ventures		17,388			22,239			14,663			5,294		8,128
Total	$	107,833		$	68,314		$	79,349		$	64,187	$	48,694
Fixed charges
Interest expense	$	159,098		$	63,451		$	54,897		$	35,533	$	24,832
Amortization expense — debt cost		4,530			1,646			1,280			915		777
Debt satisfaction charges (gains)		1,209			(7,228	)		(4,409	)		56		2,994
Capitalized interest expense		277			513			816			225		142
Preferred stock dividend		26,733			16,435			16,435			6,945		3,392
Total	$	191,847		$	74,817		$	69,019		$	43,674	$	32,137
Ratio		N/A			N/A			1.15			1.47		1.52

N/A — Ratio is less than 1.0, deficit of $84,014 and $6,503 exists at December 31, 2007 and 2006, respectively.