EX-99 3 ex99-2.txt EXHIBIT 99.2: SUPPLEMENTAL REPORTING PACKAGE Exhibit 99.2 LEXINGTON CORPORATE PROPERTIES TRUST SUPPLEMENTAL REPORTING PACKAGE For the six months ended June 30, 2006 Table of Contents Income Statements.............................................. 1 Balance Sheets................................................. 2 Combined Joint Venture Income Statement........................ 3 Second Quarter Transaction Summary............................. 4 First Quarter Transaction Summary ............................. 5 Property Holdings.............................................. 6 Properties by Location......................................... 17 Lease Rollover Schedules....................................... 18 Mortgages and Notes Payable.................................... 20 Revenue by Tenant Industry..................................... 26 Revenue by MSA................................................. 27 Other Revenue Data............................................. 29 LEXINGTON CORPORATE PROPERTIES TRUST AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (dollars in thousands, except per share data)
Three Months Ended Six Months Ended June 30, June 30, 2006 2005 2006 2005 ---- ---- ---- ---- Gross revenues: Rental $ 46,423 $ 44,297 $ 94,936 $ 79,145 Advisory fees 1,338 2,556 2,401 3,191 Tenant reimbursements 3,887 2,106 8,320 2,989 ----- ----- ----- ----- Total gross revenues 51,648 48,959 105,657 85,325 Expense applicable to revenues: Depreciation and amortization (20,351) (17,534) (40,592) (28,745) Property operating (7,445) (4,916) (15,271) (7,550) General and administrative (4,865) (4,661) (10,479) (9,006) Non-operating income 5,911 207 6,706 890 Interest and amortization expense (17,801) (15,764) (35,446) (27,782) Debt satisfaction gains, net 1,241 4,632 294 4,632 Impairment charges, net (1,121) - (1,121) - ------- -------- --------- -------- Income before benefit (provision) for income taxes, minority interests, equity in earnings of non-consolidated entities and discontinued operations 7,217 10,923 9,748 17,764 Benefit (provision) for income taxes 82 29 155 (67) Minority interests (1,173) (1,468) (1,710) (2,284) Equity in earnings of non-consolidated entities 825 1,334 2,070 2,759 --- ----- ----- ----- Income from continuing operations 6,951 10,818 10,263 18,172 ----- ------ ------ ------ Discontinued operations, net of minority interest and taxes: Income (loss) from discontinued operations (137) 1,406 387 2,919 Debt satisfaction (charge) gain, net 4,976 - 4,898 (54) Impairment charge - (592) - (623) Gains on sales of properties 13,730 4,317 16,050 5,061 ------ ----- ------ ----- Total discontinued operations 18,569 5,131 21,335 7,303 ------ ----- ------ ----- Net income 25,520 15,949 31,598 25,475 Dividends attributable to preferred shares - Series B (1,590) (1,590) (3,180) (3,180) Dividends attributable to preferred shares - Series C (2,519) (2,519) (5,038) (5,038) ------- ------- ------- ------- Net income allocable to common shareholders $ 21,411 $ 11,840 $ 23,380 $ 17,257 ======== ========= ======== ========= Company's funds from operations(1) $ 38,157 $ 34,031 $ 66,810 $ 57,141 ======== ========= ======== ========= Per share/unit: Basic net income $0.41 $0.24 $0.45 $0.35 Diluted net income $0.41 $0.22 $0.45 $0.33 Company's funds from operations(1)-basic $0.60 $0.57 $1.05 $0.96 Company's funds from operations(1)-diluted $0.60 $0.57 $1.05 $0.96
LEXINGTON CORPORATE PROPERTIES TRUST AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (dollars in thousands)
6/30/06 12/31/05 ------- -------- Real estate, at cost $ 1,874,730 $ 1,883,115 Accumulated depreciation (255,332) (241,188) Investment in joint ventures 186,391 191,146 Properties held for sale - discontinued operations 7,956 49,397 Intangible assets, net 133,046 128,775 Cash and cash equivalents 54,318 53,515 Deferred expenses, net 14,440 13,582 Rent receivable 6,052 7,673 Rent receivable - deferred 26,551 24,778 Other assets 92,845 49,439 --------- --------- $ 2,140,997 $ 2,160,232 ========= ========= Mortgages and notes payable $ 1,152,805 $ 1,139,971 Liabilities - discontinued operations 4,180 32,145 Other liabilities 36,331 35,434 Minority interests 60,347 61,372 Shareholders' equity 887,334 891,310 --------- --------- $ 2,140,997 $ 2,160,232 ========= ========= Common shares 53,015,485 52,155,855 Preferred shares - Series B 3,160,000 3,160,000 Preferred shares - Series C 3,100,000 3,100,000 Operating partnership units 5,622,694 5,720,071
(1) The Company believes that funds from operations ("FFO") enhances an investor's understanding of Lexington's financial condition, results of operations and cash flows. The Company considers FFO a useful additional measure of performance for an equity REIT because it facilitates an understanding of the operating performance of its properties without giving effect to real estate depreciation and amortization, which assumes that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen and fallen with market conditions, Lexington believes that funds from operations provides a more meaningful and accurate indication of its performance. FFO can also facilitate a comparison of current operating performance among REITs. FFO is defined in the April 2002 "White Paper" issued by the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") as "net income (or loss) computed in accordance with generally accepted accounting principles ("GAAP"), excluding gains (or losses) from sales of property, plus real estate depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures." The Company includes in its calculation of FFO, which as included it refers to as the "Company's funds from operations" or "Company FFO," the dilutive effect of the deemed conversion of (1) its convertible operating partnership units and (2) its Series C Cumulative Convertible Preferred Shares issued in 2005 and 2004. Neither FFO nor Company FFO should be considered an alternative to net income as an indicator of operating performance or to cash flows from operating activities as determined in accordance with GAAP, or as a measure of liquidity to other consolidated income or cash flow statement data as determined in accordance with GAAP. 2 LEXINGTON CORPORATE PROPERTIES TRUST JOINT VENTURE PROPORTIONATE SHARE COMBINED CONDENSED STATEMENT OF INCOME (dollars in thousands) Three Months Ended Six Months Ended June 30, 2006 June 30, 2006 ------------- ------------- Gross revenues $ 11,622 $ 24,417 ------ ------ Depreciation and amortization (5,397) (10,695) Interest and amortization (4,617) (9,109) Other income and expenses, net (1,058) (3,085) Expenses (11,072) (22,889) Net income $ 550 $ 1,528 === ===== 3 LEXINGTON CORPORATE PROPERTIES TRUST 2006 Second Quarter Transaction Summary ($000's)
Acquisitions Average Current Annual Average Annual Current Property Capitalized GAAP GAAP Cash Cash Lease Tenants/Guarantors Location Type Costs Rent, net Yield Rent, net Yield Term ------------------ -------- ---- ----- --------- ----- --------- ----- ---- Haggar Clothing Corporation (1) Dallas, TX Office $28,340 $2,272 8.0% $2,083 7.4% 04-16 American Golf Corporation (2) Oklahoma Specialty 5,294 475 9.0 475 9.0 12-17 City, OK Montgomery County Management LLC (2) Houston , TX Office 10,010 807 8.1 718 7.2 10-19 Corning, Inc. (1) Erwin, NY Industrial 13,399 1,084 8.1 1,084 8.1 07-16 Bay Valley Foods, LLC (2) Plymouth, IN Industrial 8,984 802 8.9 763 8.5 06-15 ----- ------ --- ----- --- $66,027 $5,440 8.2% $5,123 7.8% ====== ===== ==== ===== ==== Dispositions Property Tenants/Guarantors Location Type Net Sale Price Net Book Value ------------------ -------- ---- -------------- -------------- Associated Grocers of Florida, Inc. Ocala, FL Industrial $28,972 $18,694 Physical Fitness Center of Philadelphia, Voorhees, NJ Retail 5,950 3,238 Inc. (Bally Total Fitness Corp.) Stone Container Corporation Columbia, SC Industrial 5,628 4,607 Vacant(4) Phoenix, AZ Office 4,284 4,011 Vacant(3) Milpitas, CA Office -- -- -------- -------- $44,834 $ 30,550 ====== ====== New Leases Property Previous Extended Rent Per Tenants/Guarantors Location Type Term Term Annum Square Feet ------------------ -------- ---- ---- ---- ----- ----------- FTJ FundChoice, LLC Hebron, KY Office -- 09-12 $ 52 9,164 WM Wright Co. (1) Antioch, TN Industrial -- 03-21 1,016 338,700 New Financings Tenants/Guarantors Location Amount Rate Maturity Date ------------------ -------- ------ ---- ------------- Montgomery County Management LLC (2) Houston, TX $7,500 6.51% 11/19 Haggar Clothing Corporation (1) Dallas, TX 18,363 6.10% 07/16 Oce Printing Systems USA, Inc. Boca Raton, FL 20,400 6.47% 02/20 ------ ----- $46,263 6.33% Mortgage Investment Borrower Location Face Rate Effective Rate Invested Amount Face Amount -------- -------- --------- -------------- --------------- ----------- Northwestern Holding Corp. Southfield, MI 4.55% 7.50% $11,151 $13,027 Bankruptcy Claim Receipts Tenants Location Claim Proceeds ------- -------- -------------- Dana Corporation (1) Antioch, TN $ 5,680 Dana Corporation Farmington Hills, MI 5,376 ----- $11,056
(1) The Company has a 30% interest in this property. (2) The Company has a 32.3% interest in this property. (3) The Company completed a foreclosure with lender resulting in a $6,289 gain. (4) The Company sold a sub-divided portion of the property, remaining parcel under contract for sale. 4 LEXINGTON CORPORATE PROPERTIES TRUST 2006 First Quarter Transaction Summary ($000's)
Acquisitions Average Current Annual Average Annual Current Property Capitalized GAAP GAAP Cash Cash Lease Tenants/Guarantors Location Type Costs Rent, net Yield Rent, net Yield Term ------------------ -------- ---- ----- --------- ----- --------- ----- ---- AS Watson(1) Renswoude, The Netherlands Office $ 39,291 $ 2,294 5.8% $ 2,851 7.3% 12-11 & 06-18 Dana Corporation(2) Crossville, TN Industrial 4,776 460 9.6 460 9.6 08-16 --------- -------- --- ------- --- $ 44,067 $ 2,754 6.2% $ 3,311 7.5% ========= ======== ===== ======= ===== Dispositions Property Tenants/Guarantors Location Type Net Sale Price Net Book Value ------------------ -------- ---- -------------- -------------- The Dial Corporation Scottsdale, AZ Office $ 22,563 $ 22,314 Bally Total Fitness Corp. Countryside, IL Retail 5,698 3,293 --------- --------- $ 28,261 $ 25,607 ========= ========= New Leases Property Previous Extended Rent Per Tenants/Guarantors Location Type Term Term Annum Square Feet ------------------ -------- ---- ---- ---- ----- ----------- The Visiting Nurse Association of Texas Dallas, TX Office -- Jun-16 $ 615 48,027 New Financings Tenants/Guarantors Location Amount Rate Maturity Date ------------------ -------- ------ ---- ------------- Harbor Freight Tools USA, Inc. Dillon, SC $ 23,750 5.97% Feb-22 (i) Structure, LLC (Infocrossing, Inc.)(2) Omaha, NE 9,000 5.61 Apr-16 (i) Structure, LLC (Infocrossing, Inc.)(2) Tempe, AZ 8,500 5.61 Apr-16 AS Watson(1) Renswoude, The 33,136 5.31 Apr-11 Netherlands -------- ---- $ 74,386 5.59% ======== =====
(1) Lexington has a 90% interest in this property. (2) Lexington has a 32.3% interest in this property. 5 Lexington Corporate Properties Trust Supplemental Reporting Package Property Holdings 6/30/06
------------------------------ ---------------------------- ------------- -------------- -------------- YTD YTD Base Cash Base GAAP Revenue Revenue Square Property Location Tenant (Guarantor) ($000) ($000) Footage ------------------------------ ---------------------------- ------------- -------------- -------------- Office ------ 295 Chipeta Way Northwest Pipeline Corp. $ 3,161 $ 3,161 295,000 Salt Lake City, UT 10001 Richmond Avenue Baker Hughes, Inc. 2,781 3,688 554,385 Houston, TX 6303 Barfield Road & 859 Internet Security Systems, 3,141 3,028 289,000 Mount Vernon Hwy. Inc. Atlanta, GA 1701 Market Street Morgan Lewis & Bockius 2,423 2,428 322,317 Philadelphia, PA LLP(1)(3) 3480 Stateview Blvd. Wells Fargo Bank N.A. 1,602 1,725 169,218 Fort Mill, SC 33 Commercial Street Invensys Systems, Inc. 1,653 1,653 164,689 Foxboro, MA (Siebe, Inc.) 3476 Stateview Boulevard Wells Fargo Home 1,440 1,511 169,083 Fort Mill, SC Mortgage, Inc. 9950 Mayland Drive Circuit City Stores, Inc. 1,430 1,396 288,562 Richmond, VA 1415 Wyckoff Road New Jersey Natural Gas Co. 1,462 1,462 157,511 Wall Township, NJ 2750 Monroe Boulevard Quest Diagnostics, Inc. 1,248 1,277 109,281 Valley Forge, PA 700 Oakmont Lane North American Van Lines, Inc. 1,216 1,285 269,715 Westmont, IL (SIRVA, Inc.) 70 Mechanic Street Invensys Systems, Inc. 1,465 1,281 251,914 Foxboro, MA (Siebe, Inc.) 13651 McLearen Road Boeing North American 1,366 1,233 159,664 Herndon, VA Services, Inc. (The Boeing Company) 1311 Broadfield Blvd. Transocean, Inc. 1,142 1,138 103,260 Houston, TX Newpark Resources, Inc. 565 568 52,731 601 & 701 Experian Pkwy. TRW Inc. (Experian 1,861 1,687 292,700 Dallas, TX Information Solutions, Inc.) 2211 South 47th Street Avnet, Inc. 1,103 1,130 176,402 Phoenix, AZ 5600 Broken Sound Blvd Oce Printing Systems USA, 1,006 1,123 143,290 Boca Raton, FL Inc. 4200 RCA Boulevard The Wackenhut Corp. 1,090 1,084 114,518 Palm Beach Gardens, FL 701 Brookfield Parkway Verizon Wireless 1,004 1,033 192,884 Greenville, SC 19019 No. 59th Avenue Honeywell, Inc. 1,001 990 252,300 Glendale, AZ
6 Lexington Corporate Properties Trust Supplemental Reporting Package Property Holdings 6/30/06
-------------------------------- ---------------------------- -------------- ------------- --------------- YTD YTD Base Cash Base GAAP Revenue Revenue Square Property Location Tenant (Guarantor) ($000) ($000) Footage -------------------------------- ---------------------------- -------------- ------------- --------------- 4201 Marsh Lane Carlson Restaurants 934 988 130,000 Carrollton, TX Worldwide, Inc. 12645 W. Airport Road Baker Hughes, Inc. 878 971 165,836 Sugar Land, TX 26210 and 26220 Enterprise Apria Healthcare Group, 874 896 100,012 Court Inc. Lake Forest, CA 10475 Crosspoint Blvd. John Wiley & Sons, Inc. 1,198 1,198 141,047 Fishers, IN 2210 Enterprise Drive Washington Mutual Home 875 849 177,747 Florence, SC Loan, Inc. 27404 Drake Road Vacant (4) 971 908 111,454 Farmington Hills, MI 200 Executive Blvd. S Hartford Fire Insurance 840 812 153,364 Southington, CT Co. 810-820 Gears Road IKON Office Solutions, 1,114 1,126 157,790 Houston, TX Inc. 1600 Eberhardt Road Nextel of Texas 750 779 108,800 Temple, TX 2999 SW 6th St. Voice Stream PCS I LLC 668 776 77,484 Redmond, OR (T-Mobile USA, Inc.) 160 Clairemont Avenue Allied Holdings, Inc. 839 765 112,248 Decatur, GA 27016 Media Center Drive Playboy Enterprises, Inc. 670 629 63,049 Los Angeles, CA Sony Electronics, Inc. 131 136 20,203 2800 Waterford Lake Dr. Alstom Power, Inc. 893 1,007 99,057 Richmond, VA 26555 Northwestern Highway Federal-Mogul Corporation 579 709 187,163 Southfield, MI 10419 North 30th Street Time Customer Service, Inc. 736 705 132,981 Tampa, FL (Time, Inc.) 250 Rittenhouse Circle Jones Apparel Group 633 693 255,019 Bristol, PA USA, Inc. (Jones Apparel Group, Inc.) 8555 South River Pkwy. ASM Lithography Holding 1,065 921 95,133 Tempe, AZ NV 400 Butler Farm Road Nextel Communications of 658 651 100,632 Hampton, VA the Mid-Atlantic, Inc. (Nextel Finance Company) 16676 Northchase Dr. Kerr-McGee Corporation 775 813 101,111 Houston, TX 6200 Northwest Pkwy. PacifiCare Health Systems, 820 810 142,500 San Antonio, TX Inc.
7 Lexington Corporate Properties Trust Supplemental Reporting Package Property Holdings 6/30/06
------------------------------ ----------------------------- ---------------- ------------- ---------------- YTD YTD Base Cash Base GAAP Revenue Revenue Square Property Location Tenant (Guarantor) ($000) ($000) Footage ------------------------------ ----------------------------- ---------------- ------------- ---------------- 5757 Decatur Blvd. Allstate Insurance Co. 623 774 84,200 Indianapolis, IN Holladay Property Services 37 37 5,756 4000 Johns Creek Pkwy. Kraft Foods N.A., Inc. 669 693 73,264 Atlanta, GA PerkinElmer Instruments 105 116 13,955 LLC 6455 State Hwy 303 NE Nextel West Corporation 499 556 60,200 Bremerton, WA 270 Billerica Road Cadence Design Systems 507 533 100,000 Chelmsford, MA 2550 Interstate Dr. AT&T Wireless Services, 715 724 81,859 Harrisburg, PA Inc. 180 Rittenhouse Circle Jones Apparel Group 472 485 96,000 Bristol, PA USA, Inc. (Jones Apparel Group, Inc.) 2529 West Thorns Drive Baker Hughes, Inc. 348 423 65,500 Houston, TX 12000 Tech Center Drive Kelsey-Hayes Company 387 412 80,230 Livonia, MI 2401 Cherahala Boulevard Advance PCS, Inc. 393 411 59,748 Knoxville, TN 1275 NW 128th Street Principal Life Insurance 400 387 61,180 Clive, IA Company 13430 N. Black Canyon Freeway Bull HN Information 392 418 69,492 Phoenix, AZ Systems, Inc. Associated Billing - 128 17,767 Services, LLC VACANT - - 49,799 12600 Gateway Blvd. Gartner, Inc. 498 526 62,400 Fort Meyers, FL 421 Butler Farm Road Nextel Communications of 369 360 56,515 Hampton, VA the Mid-Atlantic, Inc. (Nextel Finance Company) 3940 South Teller St. Travelers Express, Inc. 545 433 68,165 Lakewood, CO 100 Barnes Road Minnesota Mining and 291 303 44,400 Wallingford, CT Manufacturing Company 1440 East 15th Street Cox Communications, Inc. 232 228 28,591 Tucson, AZ 250 Turnpike Road Honeywell Consumer 229 229 57,698 Southborough, MA Products 11555 University Blvd. Kelsey-Seybold Clinic 557 615 72,683 Sugarland, TX (St. Luke's Episcopal Health System) Nijborg 15 & 17, 3927 DA AS Watson (Health & Beauty 1,226 963 122,450 Renswoude, The Netherlands Continental Europe)(2)
8 Lexington Corporate Properties Trust Supplemental Reporting Package Property Holdings 6/30/06
------------------------------ ------------------------ ----------------- ------------- ---------------- YTD YTD Base Cash Base GAAP Revenue Revenue Square Property Location Tenant (Guarantor) ($000) ($000) Footage ------------------------------ ------------------------ ----------------- ------------- ---------------- 2300 Litton Lane AGC Automotive Americas 102 111 21,542 Hebron, KY Company FTJ FundChoice, LLC - 4 9,164 VACANT - - 49,714 1600 Viceroy Drive The Visiting Nurse 22 180 48,027 Dallas, TX Association of Texas VACANT - - 201,425 3615 North 27th Avenue VACANT(5) - - 57,988 Phoenix, AZ ------------------------ ----------------- ------------- ---------------- Subtotal $ 59,679 $ 61,072 8,980,766 ------------------------ ----------------- ------------- ---------------- Industrial ---------- 541 Perkins Jones Road Kmart Corp. $ 4,680 $ 4,466 1,462,642 Warren, OH 19500 Bulverde Road Harcourt Brace 1,590 1,715 559,258 San Antonio, TX 2425 Highway 77 North James Hardie Building 1,700 1,700 425,816 Waxahachie, TX Products, Inc. (James Hardie Industries NV) 3501 West Avenue H Michaels Stores, Inc. 1,619 1,652 762,775 Lancaster, CA 9110 Grogans Mill Road Baker Hughes, Inc. 1,400 1,533 275,750 Houston, TX 159 Farley Drive Harbor Freight Tools 1,378 1,517 1,010,859 Dillon, SC USA, Inc. (Central Purchasing, Inc.) 590 Ecology Lane Owens Corning 1,093 1,093 420,597 Chester, SC 6345 Brackbill Boulevard Exel Logistics, Inc. 1,018 926 507,000 Mechanicsburg, PA (NFC plc) 3820 Micro Drive Ingram Micro Inc. 1,018 1,136 701,819 Memphis, TN 431 Smith Lane Kirkland's, Inc. 716 716 771,120 Jackson, TN 750 N. Black Branch Road Dana Corporation 1,419 1,419 539,592 Elizabethtown, KY 6938 Elm Valley Dr. Dana Corporation 921 921 150,945 Kalamazoo, MI 4425 Purks Road Lear Technologies LLC 702 683 183,717 Auburn Hills, MI (Lear Corporation) (General Motors Corp.)
9 Lexington Corporate Properties Trust Supplemental Reporting Package Property Holdings 6/30/06
------------------------------ ------------------------ ----------------- ------------- --------------- YTD YTD Base Cash Base GAAP Revenue Revenue Square Property Location Tenant (Guarantor) ($000) ($000) Footage ------------------------------ ------------------------ ----------------- ------------- --------------- 6 Doughten Road Exel Logistics, Inc. 743 674 330,000 New Kingston, PA (NFC plc) 6500 Adelaide Court Anda Pharmaceuticals, 630 603 354,676 Groveport, OH Inc. (Andrx Corporation) 7500 Chavenelle Road The McGraw-Hill 545 582 330,988 Dubuque, IA Companies, Inc. 12025 Tech Center Drive Kelsey-Hayes Company 533 569 100,000 Livonia, MI 250 Swathmore Avenue Steelcase, Inc. 517 543 244,851 High Point, NC Moody Commuter & Tech Park TNT Logistics North 527 527 595,346 Moody, AL America, Inc. (TPG N.V.) 3102 Queen Palm Drive Time Customer Service, 513 505 229,605 Tampa, FL Inc. (Time, Inc.) 2280 Northeast Drive Ryder Integrated 499 502 276,480 Waterloo, IA Logistics, Inc. (Ryder Systems, Inc.) 245 Salem Church Road Exel Logistics, Inc. 551 487 252,000 Mechanicsburg, PA (NFC plc) 200 Arrowhead Drive Owens Corning 514 492 400,522 Hebron, OH 3600 Southgate Drive Sygma Network, Inc. 467 467 149,500 Danville, IL 46600 Port Street Johnson Controls, Inc. 482 482 134,160 Plymouth, MI 1133 Poplar Creek Road Corporate Express Office 395 405 196,946 Henderson, NC Products, Inc. (Buhrmann, N.V.) 301 Bill Byran Road Dana Corporation 726 726 410,844 Hopkinsville, KY 450 Stern Street Johnson Controls, Inc. 365 365 111,160 Oberlin, OH 10000 Business Boulevard Dana Corporation 673 673 336,350 Dry Ridge, KY 7670 Hacks Cross Road Dana Corporation 422 402 268,100 Olive Branch, MS 34 East Main Street Exel Logistics, Inc. 360 327 179,200 New Kingston, PA (NFC plc) 191 Arrowhead Drive Owens Corning 329 313 250,410 Hebron, OH 904 Industrial Road Tenneco Automotive 295 300 195,640 Marshall, MI Operating Company, Inc. (Tenneco Automotive, Inc.)
10 Lexington Corporate Properties Trust Supplemental Reporting Package Property Holdings 6/30/06
--------------------------- ---------------------------- ---------------- --------------- -------------- YTD YTD Base Cash Base GAAP Revenue Revenue Square Property Location Tenant (Guarantor) ($000) ($000) Footage --------------------------- ---------------------------- ---------------- --------------- -------------- 109 Stevens Street Unisource Worldwide, Inc. 294 294 168,800 Jacksonville, FL 1901 49th Avenue Owens Corning 277 277 18,620 Minneapolis, MN 7150 Exchequer Drive Corporate Express Office 219 220 79,086 Baton Rouge, LA Products, Inc. (Buhrmann, N.V.) 4010 Airpark Drive Dana Corporation 428 428 251,041 Owensboro, KY 324 Industrial Park Road SKF USA, Inc. 198 198 72,868 Franklin, NC 187 Spicer Drive Dana Corporation 177 170 148,000 Gordonsville, TN 730 N. Black Branch Road Dana Corporation 268 268 167,770 Elizabethtown, KY 3350 Miac Cove Road Mimeo.com, Inc. 134 185 107,000 Memphis, TN VACANT - - 34,359 300 McCormick Road Ameritech Services, Inc. 63 78 20,000 Columbus, OH 1601 Pratt Avenue Joseph Campbell Company 70 71 58,300 Marshall, MI 477 Distribution Pkwy. Federal Express Corporation 40 134 120,000 Colliersville, TN ---------------------------- ---------------- --------------- -------------- Subtotal $ 31,508 $ 31,744 14,364,512 ---------------------------- ---------------- --------------- -------------- Retail ------ 2655 Shasta Way Fred Meyer, Inc. $ 505 $ 505 178,204 Klamath Falls, OR Fort Street Mall, King Liberty House, Inc. 495 486 85,610 Street Honolulu, HI 150 N.E. 20th Street Fred Meyer, Inc. 530 530 118,179 Newport, OR 35400 Cowan Road Sam's Real Estate 376 376 102,826 Westland, MI Business Trust 4733 Hills & Dales Road Scandinavian Health Spa, 373 343 37,214 Canton, OH Inc. (Bally Total Fitness Corp.) 4831 Whipple Avenue, N.W. Best Buy Co., Inc. 233 233 46,350 Canton, OH
11 Lexington Corporate Properties Trust Supplemental Reporting Package Property Holdings 6/30/06
--------------------------- ---------------------------- ---------------- --------------- -------------- YTD YTD Base Cash Base GAAP Revenue Revenue Square Property Location Tenant (Guarantor) ($000) ($000) Footage --------------------------- ---------------------------- ---------------- --------------- -------------- 3711 Gateway Drive Kohl's Dept. Stores, Inc. 234 231 76,164 Eau Claire, WI 399 Peach Wood Centre Dr. Best Buy Co., Inc. 198 198 45,800 Spartanburg, SC 12535 S.E. 82nd Avenue Toys "R" Us, Inc. 205 171 42,842 Clackamas, OR 24100 Laguna Hills Mall Federated Department 177 175 160,000 Laguna Hills, CA Stores, Inc. 18601 Alderwood Mall Toys "R" Us, Inc. 189 149 43,105 Boulevard Lynwood, WA 6910 S. Memorial Highway Toys "R" Us, Inc. 173 136 43,123 Tulsa, OK 9580 Livingston Road GFS Realty, Inc. 102 137 107,337 Oxon Hill, MD (Giant Food, Inc.) 121 South Center Street Greyhound Lines, Inc. 108 108 17,000 Stockton, CA 2401 Wooton Parkway GFS Realty, Inc. 57 76 51,682 Rockville, MD (Giant Food, Inc.) ---------------------------- ---------------- --------------- -------------- Subtotal $ 3,955 $ 3,854 1,155,436 ---------------------------- ---------------- --------------- -------------- ---------------------------- ---------------- --------------- -------------- Grand Total $ 95,142 $ 96,670 24,500,714 ---------------------------- ---------------- --------------- --------------
(1) Company has an 80.5% economic interest in this property. (2) Company has a 90.0% economic interest in this property. (3) Includes 13,268 square feet of retail space of which 2,842 is vacant. (4) Tenant rejected lease in bankruptcy and property is vacant as of June 30, 2006. GAAP rent does not reflect accelerated amortization of $2,349. (5) Company sold a portion of property in the second quarter 2006. 12 Lexington Corporate Properties Trust Supplemental Reporting Package Joint Venture Property Holdings 6/30/06
--------------------------- ---------------------------- ----------------- -------------- -------------- ------------ YTD YTD Base Cash Base GAAP Revenue Revenue Square LXP Property Location Tenant (Guarantor) ($000) ($000) Footage Ownership --------------------------- ---------------------------- ----------------- -------------- -------------- ------------ Office ------ 389-399 Interpace Highway Aventis Pharmaceuticals, $ 4,613 $ 4,350 340,240 33.33% Morris Corporate Center IV Inc (Pharma Holdings GmbH) Parsippany, NJ 17 Technology Circle Blue Cross Blue Shield 3,688 3,465 456,304 40.00% Columbia, SC of South Carolina Inc. 275 South Valencia Ave. Bank of America NT & SA 3,787 4,553 637,503 25.00% Los Angeles, CA 100 Wood Hollow Drive Greenpoint Mortgage 2,281 2,432 124,600 30.00% Novato, CA Funding, Inc. 6555 Sierra Drive True North Communications 2,231 2,125 247,254 33.33% Irving, TX Inc. 101 East Erie Building Foote, Cone & Belding 1,997 1,997 203,376 30.00% Chicago, IL (Interpublic Group of Companies, Inc.) Higgins Development 58 60 19,089 Partners Lexington Corporate 18 19 2,100 Properties Trust 5200 Metcalf Avenue Employers Reinsurance 2,038 2,038 320,198 25.00% Overland Park, KS Corporation 27027 Tourney Road Specialty Laboratories, 1,781 1,781 187,262 30.00% Santa Clarita, CA Inc. 8900 Freeport Pkwy. Nissan Motor Acceptance 2,239 2,405 268,445 30.00% Irving, TX Corporation/ (Nissan North America, Inc.) 15375 Memorial Drive Vastar Resources, Inc. 1,718 1,718 327,325 33.33% Houston, TX 10300 Kincaid Drive Bank One Indiana, N.A. 1,691 1,644 193,000 33.33% Fishers, IN 10300 Town Park Drive Veritas DGC, Inc. 1,557 1,624 218,641 30.00% Houston, TX 600 International Parkway First USA Management 1,489 1,460 125,155 33.33% Lake Mary, FL Services, Inc. 550 International Parkway First USA Management 1,439 1,410 125,920 33.33% Lake Mary, FL Services, Inc. 10940 White Rock Road Progressive Casualty 1,370 1,402 158,582 30.00% 10929 Disk Drive Insurance Rancho Cordova, CA Company 2000 Eastman Drive Structural Dynamic 1,405 1,395 212,836 33.33% Milford, OH Research Corp. 3701 Corporate Drive Motorola, Inc. 1,357 1,357 119,829 33.33% Farmington Hills, MI 2050 Roanoke Road Chrysler Financial Company 1,595 1,770 130,290 30.00% Westlake, TX LLC
13 Lexington Corporate Properties Trust Supplemental Reporting Package Joint Venture Property Holdings 6/30/06
---------------------------- --------------------------- ----------------- -------------- -------------- --------------- YTD YTD Base Cash Base GAAP Revenue Revenue Square LXP Property Location Tenant (Guarantor) ($000) ($000) Footage Ownership ---------------------------- --------------------------- ----------------- -------------- -------------- --------------- 1401 & 1501 Nolan Ryan Siemens Dematic Postal 1,192 1,267 236,547 25.00% Parkway Automation, L.P. Arlington, TX 9201 East Dry Creek Road The Shaw Group, Inc. 1,036 1,253 128,500 30.00% Centennial, CO 110, 120 & 130 E. Shore Capital One Services, Inc. 1,413 1,445 225,220 30.00% Dr. Richmond, VA 1475 Dunwoody Drive ING USA Annuity and Life 1,031 1,019 125,000 30.00% West Chester, PA Insurance Company 13775 McLearen Road Equant N.V. 924 1,006 125,293 30.00% Herndon, VA 70 Valley Stream Parkway IKON Office Solutions, Inc. 962 997 106,855 30.00% Malvern, PA 5150 220th Avenue Spacelabs Medical, Inc 962 974 106,944 25.00% Issaquah, WA (OSI Systems, Inc.) 9201 Stateline Employers Reinsurance 958 958 166,641 25.00% Kansas City, MO Corporation 22011 SE 51st Street Spacelabs Medical, Inc 878 834 95,600 25.00% Issaquah, WA (OSI Systems, Inc.) 1110 Bayfield Drive Honeywell International, 818 819 166,575 33.33% Colorado Springs, CO Inc. 3601 Converse Drive Verizon Wireless 766 812 160,500 25.00% Wilmington, NC 275 Technology Drive ANSYS, Inc. 620 677 107,872 30.00% Canonsburg, PA Renner Blvd. Voicestream PCS II 598 676 77,484 25.00% Lenexa, KS Corporation (T-Mobile USA, Inc.) East Goldstone Drive Voicestream PCS II 584 660 77,484 25.00% Meridian, ID Corporation (T-Mobile USA, Inc.) 1409 Centerpoint Blvd. Alstom Power, Inc. 717 817 84,404 32.30% Knoxville, TN 3201 Quail Springs Pkwy. AT& T Wireless Services, Inc. 673 683 103,500 40.00% Oklahoma City, OK Jordan Associates, Inc. 166 166 25,000 200 Lucent Lane Lucent Technologies, Inc. 1,013 822 124,944 30.00% Raleigh, NC 4455 American Way Bell South Mobility, Inc. 517 545 70,100 30.00% Baton Rouge, LA 3711 San Gabriel Voice Stream PCS II LLC 450 492 75,016 30.00% Mission, TX (T-Mobile USA, Inc.)
14 Lexington Corporate Properties Trust Supplemental Reporting Package Joint Venture Property Holdings 6/30/06
------------------------- ---------------------------- ---------------- --------------- -------------- -------------- YTD Base Cash YTD Revenue Base GAAP Square LXP Property Location Tenant (Guarantor) ($000) Revenue ($000) Footage Ownership ------------------------- ---------------------------- ---------------- --------------- -------------- -------------- 4848 129th East Ave. Metris Companies, Inc. 653 653 101,100 32.30% Tulsa, OK 2310 Village Square AmeriCredit Corporation 722 610 85,000 32.30% Pkwy. Jacksonville, FL 4001 International Pkwy. Accor S.A. 1,492 1,616 138,443 25.00% Carrollton, TX (Motel 6 Operating L.P.) 350 Rhode Island Street California Culinary 1,246 1,197 103,838 30.00% San Francisco, CA Academy, LLC (Career Education Corp.) Starbucks Coffee Company 34 37 1,500 (Retail) VACANT - - 20,006 2500 Patrick Henry Pkwy. Georgia Power Company 705 756 111,911 25.00% McDonough, GA First Park Drive Omnipoint Holdings, Inc. 592 683 78,610 25.00% Oakland, ME (T-Mobile USA, Inc.) 11707 Miracle Hills (i) Structure, LLC 583 583 86,800 32.30% Drive (Infocrossing, Omaha, NE Inc.) 2005 East Technology (i) Structure, LLC 564 564 60,000 32.30% Circle (Infocrossing, Tempe, AZ Inc.) 511 Luna Road Haggar Clothing Company 409 448 180,507 30.00% Dallas, TX (Texas Clothing Holding Corp.) (Haggar Corporation) 26410 McDonald Road Montgomery County 77 87 41,000 32.30% Houston, TX Management LLC ---------------------------- ---------------- --------------- -------------- Subtotal Office $ 61,707 $ 63,161 7,816,143 ---------------------------- ---------------- --------------- -------------- Industrial ---------- 101 Michelin Drive TNT Logistics North $ 1,551 $ 1,614 1,164,000 33.33% Laurens, SC America, Inc. (TPG N.V.) Philipp Parkway L'Oreal USA, Inc. 1,145 1,259 649,250 25.00% Streetsboro, OH 7111 Crabb Road TNT Logistics North 1,039 1,081 752,000 33.33% Temperance, MI America, Inc. (TPG N.V.) 6050 Dana Way Vacant(1) 611 535 338,700 30.00% Antioch, TN W.M Wright Company 254 254 338,700 3600 Army Post Rd. EDS Information Services 1,319 1,428 405,000 30.00% Des Moines, IA LLC (Electronic Data Systems Corporation) 2400 West Haven Avenue Michaels Stores Procurement 992 992 693,185 30.00% New Lenox, IL Company, Inc. (Michaels Stores, Inc.)
15 Lexington Corporate Properties Trust Supplemental Reporting Package Joint Venture Property Holdings 6/30/06
------------------------- ---------------------------- ---------------- --------------- -------------- -------------- YTD Base Cash YTD Revenue Base GAAP Square LXP Property Location Tenant (Guarantor) ($000) Revenue ($000) Footage Ownership ------------------------- ---------------------------- ---------------- --------------- -------------- -------------- 43955 Plymouth Oaks Tower Automotive Products 943 943 290,133 30.00% Boulevard Company Plymouth, MI (Tower Automotive, Inc.) 121 Technology Drive Heidelberg Web Systems, 1,011 925 500,500 33.33% Durham, NH Inc. 3225 Meridian Parkway Hagemeyer Foods, Inc. 741 804 201,845 30.00% Weston, FL 291 Park Center Drive Kraft Foods North 726 757 344,700 33.33% Winchester, VA America, Inc. 1109 Commerce Linens-n-Things, Inc. 629 626 262,644 30.00% Boulevard Logan Township, NJ 3245 Meridian Parkway Circuit City Stores, Inc. 524 584 230,600 30.00% Weston, FL 359 Gateway Drive TI Group Automotive 600 600 133,221 32.30% Livonia, GA Systems, LLC 900 Industrial Boulevard Dana Corporation 209 209 172,800 32.30% Crossville, TN 736 Addison Road Corning, Inc. 95 95 408,000 30.00% Erwin, NY 2935 Van Vactor Way Bay Valley Foods, LLC 6 7 300,500 32.30% Plymouth, IN ---------------------------- ---------------- --------------- -------------- Subtotal Industrial $ 12,395 $ 12,713 7,185,778 ---------------------------- ---------------- --------------- -------------- Retail/ Other ------------- 12080 Carmel Mountain Kmart Corporation $ 88 $ 490 107,210 30.00% Road San Diego, CA 5350 Leavitt Road Kmart Corporation 195 364 193,193 30.00% Lorain, OH 255 Northgate Drive Kmart Corporation 137 257 107,489 30.00% Manteca, CA 21082 Pioneer Plaza Kmart Corporation 130 242 120,727 30.00% Drive Watertown, NY 97 Seneca Trail Kmart Corporation 91 155 90,933 30.00% Fairlea, WV 1150 West Carl Sandburg Kmart Corporation 77 144 94,970 30.00% Drive Galesburg, IL 11411 N. Kelly Avenue American Golf Corporation 57 57 13,924 32.30% Oklahoma City, OK ---------------------------- ---------------- --------------- -------------- Subtotal Retail/ Other $ 775 $ 1,709 728,446 ---------------------------- ---------------- --------------- -------------- ---------------------------- ---------------- --------------- -------------- Grand Total $ 74,877 $ 77,583 15,730,367 ---------------------------- ---------------- --------------- --------------
(1) Original tenant rejected the lease in bankruptcy. GAAP rent does not reflect accelerated amortization of $4,704. 16 Lexington Corporate Properties Trust Supplemental Reporting Package Properties by Location 6/30/06
Historical 6-Month Ended June 30, 2006(1) Number ---------------------- No. of of Percent Square Base Rent Percent of Locations Location Properties(3) Leased(4) Feet(2) ($000's) Base Rent ------------- ------------------ ------------ ------------ ------------ ----------------------------- 1 Texas 25 96.2% 5,321,040 $ 22,786 18.7% 2 South Carolina 10 100.0 3,806,492 10,063 8.3 3 Pennsylvania 12 99.9 2,472,403 8,829 7.2 4 Ohio 11 100.0 3,738,253 7,782 6.4 5 California 13 99.2 2,571,029 7,013 5.8 6 Michigan 13 95.5 2,466,397 6,527 5.4 7 Florida 12 100.0 1,620,114 6,402 5.3 8 Virginia 8 100.0 1,399,643 5,625 4.6 9 Georgia 5 100.0 733,599 4,985 4.1 10 Arizona 8 86.7 807,472 4,496 3.7 11 Massachusetts 4 100.0 574,301 3,696 3.0 12 Kentucky 6 97.2 1,786,017 3,629 3.0 13 Tennessee 9 87.0 2,876,650 3,320 2.7 14 New Jersey 4 100.0 760,395 3,258 2.7 15 Utah 1 100.0 295,000 3,161 2.6 16 Illinois 6 100.0 1,431,935 2,814 2.3 17 Indiana 4 100.0 724,503 2,559 2.1 18 Oregon 4 100.0 416,709 1,982 1.6 19 Iowa 4 100.0 1,073,648 1,899 1.6 20 North Carolina 5 100.0 800,109 1,596 1.3 21 Washington 4 100.0 305,849 1,157 0.9 22 Connecticut 2 100.0 197,764 1,115 0.9 23 Colorado 3 100.0 363,240 1,082 0.9 24 The Netherlands 1 100.0 122,450 963 0.8 25 Oklahoma 4 100.0 286,647 705 0.6 26 Kansas 2 100.0 397,682 679 0.6 27 Alabama 1 100.0 595,346 527 0.4 28 Hawaii 1 100.0 85,610 486 0.4 29 Mississippi 1 100.0 268,100 402 0.3 30 Louisiana 2 100.0 149,186 384 0.3 31 New Hampshire 1 100.0 500,500 308 0.2 32 Minnesota 1 100.0 18,620 277 0.2 33 Missouri 1 100.0 166,641 240 0.2 34 Wisconsin 1 100.0 76,164 231 0.2 35 Maryland 2 100.0 159,019 213 0.2 36 Nebraska 1 100.0 86,800 188 0.2 37 Maine 1 100.0 78,610 171 0.1 38 Idaho 1 100.0 77,484 165 0.1 39 New York 2 100.0 528,727 101 0.1 40 West Virginia 1 100.0 90,933 44 -- ------------------ ------------ ------------ ------------ -------------- -------------- Total 197 97.8% 40,231,081 $ 121,860 100.00% ------------------ ------------ ------------ ------------ -------------- --------------
(1) Includes proportionate share of joint venture investments and rental revenue recognized from properties sold through date of sale. (2) Includes properties owned as of June 30, 2006. (3) Includes properties owned during the six months ended June 30, 2006. (4) As of June 30, 2006. 17 Lexington Corporate Properties Trust Supplemental Reporting Package Lease Rollover Schedule by Property Type - Cash Basis 6/30/06
Office Industrial Retail --------- ------------ ------------- ------------ ------------ -------------- ------------- ------------ -------------- ------------ Square Cash Rental Net Rent Square Cash Rental Net Rent Square Cash Rental Net Rent Year Footage Revenue(1) PSF Footage Revenue(1) PSF Footage Revenue(1) PSF --------- ------------ ------------- ------------ ------------ -------------- ------------- ------------ -------------- ------------ 2006 270,700 $ 2,386 $ 8.82 938,237 $ 5,097 $ 5.43 -- $ -- $ -- 2007 186,504 2,024 14.11 1,920,942 10,802 5.62 -- -- -- 2008 444,270 6,240 14.49 -- -- -- 215,418 1,788 8.30 2009 1,837,317 17,924 16.21 831,966 2,015 3.40 205,436 1,943 9.46 2010 2,135,992 17,670 13.91 675,655 2,436 3.61 -- -- -- 2011 1,002,689 10,757 20.63 1,046,519 536 4.67 247,249 1,659 6.71 2012 1,869,411 18,340 12.66 3,951,134 8,671 4.35 -- -- -- 2013 1,659,473 21,097 15.80 79,086 483 6.11 -- -- -- 2014 1,864,411 18,140 15.68 965,160 3,522 3.65 267,337 496 1.85 2015 2,267,937 20,952 14.17 764,370 4,504 6.64 76,164 469 6.15 2016 738, 176 6,981 16.65 1,408,158 5,091 4.38 -- -- -- 2017 128,500 694 17.99 806,439 2,754 4.32 51,682 115 2.23 2018 556,288 5,446 15.43 -- -- -- 806,672 1,175 2.37 2019 543,931 4,203 19.51 2,183,145 5,519 3.50 -- -- -- 2020 294,583 4,238 18.36 666,037 4,184 7.51 -- -- -- 2021 157,511 4,234 26.88 1,620,504 6,106 4.21 -- -- -- 2022 -- -- -- -- -- -- -- -- -- 2023 -- -- -- -- -- -- -- -- -- 2024 187,262 1,069 19.02 693,185 568 2.73 -- -- -- 2025 146,800 734 15.63 2,126,194 9,566 3.20 -- -- -- 2026 -- -- -- 500,500 427 2.56 -- -- -- Weighted Average $ 15.73 $ 4.40 $ 4.48 ======= ======= ========
(1) Includes proportionate share of joint venture investments. 18 Lexington Corporate Properties Trust Supplemental Reporting Package Lease Rollover Schedule - GAAP Basis 6/30/06 ($000's)
Percentage of Total Total Number of Annualized Base Annualized Year Leases Expiring Rent (1) Base Rent ------------------------- ------------------------ --------------------------- ---------------------------- 2006 - remaining 8 $ 5,780 2.4% 2007 7 12,293 5.1 2008 7 7,509 3.1 2009 17 22,449 9.4 2010 19 19,274 8.1 2011 15 15,758 6.6 2012 22 25,080 10.5 2013 14 21,071 8.8 2014 19 22,485 9.4 2015 20 27,748 11.6 2016 13 11,149 4.7 2017 6 3,668 1.5 2018 11 7,404 3.1 2019 9 8,984 3.8 2020 6 7,974 3.3 2021 5 8,087 3.4 2022 -- -- -- 2023 -- -- -- 2024 2 1,665 0.7 2025 8 9,893 4.2 2026 1 617 0.3 ------------------------ --------------------------- ---------------------------- Total 209 $ 238,888 100.0% ======================== =========================== ============================
(1) Includes proportionate share of joint venture investments. 19 Lexington Corporate Properties Trust Supplemental Reporting Package Mortgages and Notes Payable 6/30/06 ($000's)
--------------------------------- ------------------ -------------- ------------- ---------------- -------------------- Current Estimated Debt Annual Balloon Property - Fixed Rate Balance Interest Rate Maturity Debt Service(d) Payment --------------------------------- ------------------ -------------- ------------- ---------------- -------------------- Warren, OH(b) $ 8,629 7.000% Oct-07 $ 6,160 $ -- Bristol, PA 9,452 7.400 Feb-08 831 9,262 Decatur, GA 6,346 6.720 Jun-08 579 6,049 Phoenix, AZ 13,373 7.890 Jun-08 1,434 12,591 Palm Beach Gardens, FL 10,864 7.010 Jun-08 970 10,418 Canton, OH 3,129 7.150 Aug-08 313 2,936 Spartanburg, SC 2,599 7.150 Aug-08 260 2,438 Florence, SC 8,956 7.500 Feb-09 869 8,443 Canton, OH 910 9.490 Feb-09 388 -- Baton Rouge, LA 1,711 7.375 Mar-09 208 1,478 Livonia, MI 10,684 7.800 Apr-09 992 10,236 Bristol, PA 5,692 7.250 Apr-09 571 5,228 Henderson, NC(a) 4,170 7.390 May-09 417 3,854 Westland, MI 1,873 10.500 Sep-09 683 -- Salt Lake City, UT 8,284 7.610 Oct-09 2,901 -- High Point, NC 8,480 5.750 Oct-09 695 7,741 Richmond, VA 16,050 8.100 Feb-10 1,511 15,257 Hampton, VA 7,105 8.270 Apr-10 677 6,758 Hampton, VA 4,362 8.260 Apr-10 415 4,144 Tampa, FL 8,095 6.930 Aug-10 674 7,603 Tampa, FL 5,854 6.880 Aug-10 485 5,495 Herndon, VA 18,358 8.180 Dec-10 1,723 17,301 Tucson, AZ 2,330 7.500 Jan-11 226 2,076 Valley Forge, PA 12,440 7.120 Feb-11 1,166 10,927 Renswoude, NA(f) 34,453 5.305 Apr-11 2,502 30,928 Glendale, AZ 14,365 7.400 Apr-11 1,258 13,365 Dallas, TX 30,582 5.126 May-11 1,589 30,582 Farmington Hills, MI 20,505 5.126 May-11 1,343 19,020 Wallingford, CT 3,445 4.926 May-11 221 3,187 Auburn Hills, MI 6,838 7.010 Jun-11 637 5,918 Plymouth, MI 4,553 7.960 Jul-11 463 3,949 Newport, OR 6,708 5.030 Aug-11 470 5,980 Greenville, SC 13,305 4.415 Jan-12 841 11,806 New Kingston, PA 6,969 7.790 Jan-12 678 6,101 Mechanicsburg, PA 5,144 7.780 Jan-12 500 4,503 New Kingston, PA 3,320 7.780 Jan-12 323 2,906 Lake Forest, CA 10,547 7.260 Feb-12 901 9,708 Memphis, TN 17,789 5.247 May-12 1,181 16,222 Lakewood, CO 8,675 5.097 May-12 445 7,890 Groveport, OH 7,601 6.030 Oct-12 563 6,860 San Antonio, TX 29,368 6.080 Oct-12 2,260 26,025 Foxboro, MA(b) 17,443 6.000 Jan-13 4,264 -- Fort Mill, SC 11,166 6.000 Jan-13 839 9,904 Waterloo, IA 6,063 5.610 Feb-13 671 3,505 Atlanta, GA 45,141 5.268 May-13 3,004 40,356 Houston, TX 17,621 5.218 May-13 1,166 15,737 Southington, CT 13,749 5.018 May-13 890 12,228 Tempe, AZ 13,618 5.148 May-13 894 12,144 Indianapolis, IN 9,617 5.168 May-13 633 8,580 Fort Meyers, FL 8,912 5.268 May-13 476 8,550 Chelmsford, MA 7,001 5.118 May-13 458 6,231 Lancaster, CA (first) 10,216 7.020 Sep-13 900 8,637 Lancaster, CA (second) 8,613 5.920 Sep-13 642 7,518 Knoxville, TN 5,128 5.950 Sep-13 381 4,496
20 Lexington Corporate Properties Trust Supplemental Reporting Package Mortgages and Notes Payable 6/30/06 ($000's)
--------------------------------- ------------------ -------------- ------------- ---------------- -------------------- Current Estimated Debt Annual Balloon Property - Fixed Rate Balance Interest Rate Maturity Debt Service(d) Payment --------------------------------- ------------------ -------------- ------------- ---------------- -------------------- Foxboro, MA(b) 22,174 6.000 Jan-14 4,916 -- Moody, AL 7,424 4.978 Jan-14 493 6,350 Mechanicsburg, PA 13,270 5.730 Mar-14 1,045 10,538 Redmond, OR 9,820 5.616 Apr-14 697 8,484 Clive, IA 5,907 5.139 May-14 387 5,151 Fort Mill, SC 20,300 5.373 May-14 1,106 18,311 Philadelphia, PA(e) 49,000 5.060 Jul-14 2,514 43,547 Jackson, TN 10,152 5.930 Jul-14 743 8,820 Eau Claire, WI 1,846 8.000 Jul-14 313 -- Carrollton, TX 14,241 5.530 Jan-15 993 12,022 Franklin, NC 1,666 8.500 Mar-15 271 -- Kalamazoo, MI 17,588 5.411 May-15 1,189 15,087 Houston, TX 16,940 5.160 May-15 1,114 14,408 Houston, TX 13,226 5.210 May-15 874 11,265 Fishers, IN 13,153 5.160 May-15 865 11,188 San Antonio, TX 13,044 5.340 May-15 875 11,149 Los Angeles, CA 11,475 5.110 May-15 750 9,760 Atlanta, GA 11,325 5.260 May-15 604 10,502 Richmond, VA 10,586 5.310 May-15 708 9,055 Harrisburg, PA 9,159 5.110 May-15 599 7,780 Elizabethtown, KY(g) 16,500 4.990 Jul-15 1,075 13,838 Hopkinsville, KY(g) 9,667 4.990 Jul-15 630 8,108 Dry Ridge, KY(g) 7,816 4.990 Jul-15 509 6,555 Owensboro, KY(g) 6,989 4.990 Jul-15 455 5,862 Elizabethtown, KY(g) 3,108 4.990 Jul-15 203 2,607 Southborough, MA 1,829 7.500 Sep-15 275 -- Houston, TX(b) 64,735 6.250 Sep-15 6,428 18,318 Houston, TX(b) 26,130 6.250 Sep-15 2,151 6,985 Sugar Land, TX(b) 16,961 6.250 Sep-15 1,647 6,286 Houston, TX(b) 7,423 6.250 Sep-15 668 2,222 Temple, TX 8,939 6.090 Jan-16 668 7,446 Danville, IL 6,354 9.000 Jan-16 692 4,578 Bremerton, WA 6,607 6.090 Apr-16 494 5,465 Dubuque, IA 10,815 5.402 Jun-17 733 8,725 Westmont, IL 15,366 6.210 Mar-18 1,292 9,662 Boca Raton, FL 20,400 6.470 Feb-20 1,338 18,383 Houston, TX 9,946 5.640 Dec-20 692 7,018 Wall Township, NJ(b) 29,675 6.250 Jan-21 2,013 -- Dillon, SC 23,576 5.974 Feb-22 1,832 13,269 Chester, SC 13,642 5.380 Aug-25 1,144 362 ---------- ----- -------- -------- $ 1,156,975 5.986% $ 102,536 $ 852,177 ---------- ------ -------- -------- Corporate --------- Credit Facility (C) $ -- -- June-08 $ -- $ -- ---------- ------ -------- -------- Total $ 1,156,975 5.986% $ 102,536 $ 852,177 ========== ====== ======== =======
21 Lexington Corporate Properties Trust Supplemental Reporting Package Mortgages Payable 6/30/06 (000's) (a) Included in discontinued operations. (b) Debt balances based upon imputed interest rates. (c) Floating rate debt 30/60/90 day LIBOR plus 120 to 170 bps. (d) Remaining payments for debt with less than 12 months to maturity. (e) The Company has an 80.5% interest in the property securing the mortgage. (f) The Company has a 90.0% interest in the property securing the mortgage. (g) Debt balances are net of mortgage investment made by the Company. 22 Lexington Corporate Properties Trust Supplemental Reporting Package Mortgages Payable 6/30/06 (000's)
------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------ LXP Current Debt Proportionate Interest Estimated Annual Balloon Joint Venture Property Balance Share Rate Maturity Debt Service Payment ------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------ Santa Clarita, CA $ 28,200 $ 8,460 4.750 Oct-09 $ 1,340 $ 28,200 Columbia, SC 23,688 9,475 7.850 Oct-09 2,196 22,586 Houston, TX 20,096 6,692 7.580 Oct-09 2,032 18,229 Fishers, IN 14,342 4,776 8.190 Apr-10 1,499 12,960 Lorain, OH(1) 3,397 1,019 6.000 Jul-10 873 -- Manteca, CA(1) 2,400 720 6.000 Jul-10 617 -- Watertown, NY(1) 2,257 677 6.000 Jul-10 580 -- Fairlea, WV(1) 1,585 476 6.000 Jul-10 407 -- San Diego, CA(1) 1,530 459 6.000 Jul-10 393 -- Galesburg, IL(1) 1,347 404 6.000 Jul-10 346 -- Irving, TX 25,879 8,618 8.160 Oct-10 2,432 24,454 Lake Mary, FL 12,879 4,289 7.880 Oct-10 1,181 12,118 Lake Mary, FL 12,828 4,272 7.880 Oct-10 1,178 12,082 Parsippany, NJ 39,828 13,263 7.350 Mar-11 3,472 37,047 Novato, CA 22,078 6,623 5.750 Jul-11 1,600 20,307 Winchester, VA 10,468 3,486 7.330 Aug-11 908 9,675 Milford, OH 16,110 5,365 8.170 Feb-12 1,764 12,686 Des Moines, IA 22,761 6,828 5.147 May-12 1,188 22,153 Fort Worth, TX 19,601 5,880 5.097 May-12 1,280 17,823 Raleigh, NC 12,900 3,870 4.947 May-12 647 12,543 Farmington Hills, MI 20,432 6,810 5.420 Sep-12 1,500 17,724 Laurens, SC 16,769 5,589 6.000 Sep-12 1,396 14,022 Temperance, MI 11,241 3,747 6.000 Sep-12 936 9,400 Baton Rouge, LA 6,742 2,023 4.900 Oct-12 443 5,943 Plymouth, MI 12,152 3,646 6.220 Dec-12 1,026 10,026 Colorado Springs, CO 11,508 3,836 6.250 Dec-12 887 10,272 Centennial, CO 15,410 4,623 6.150 Feb-13 1,177 13,555 Los Angeles, CA 80,182 20,046 5.330 May-13 4,333 73,071 Dallas, TX 40,832 12,250 5.218 May-13 2,702 36,453 Malvern, PA 12,958 3,887 5.530 Jan-14 916 11,236 Arlington, TX 21,362 5,341 5.810 Feb-14 1,551 18,588 New Lenox, IL 17,400 5,220 5.510 Feb-14 972 17,400 Logan Township, NJ 7,690 2,307 4.760 Apr-14 371 6,784 Rancho Cordova, CA(1) 18,375 5,513 6.000 Sept-14 1,457 14,646 Weston, FL 10,633 3,190 5.420 Nov-14 733 9,066 Issaquah, WA 32,800 8,200 5.001 Dec-14 1,663 30,388 Canonsburg, PA 9,095 2,729 5.377 Dec-14 489 9,095 Chicago, IL 29,900 8,970 5.105 Jan-15 1,548 29,900 Herndon, VA 12,152 3,646 5.920 Apr-15 888 10,359 Richmond, VA 19,800 5,940 5.110 May-15 1,026 18,321 Oklahoma City, OK 14,749 5,900 5.240 May-15 784 13,673 Knoxville, TN 7,783 2,514 5.310 May-15 520 6,658 Tulsa, OK 7,671 2,478 5.060 May-15 499 6,517 Jacksonville, FL 5,798 1,873 5.110 May-15 379 4,927 McDonough, GA 12,675 3,169 5.212 Jun-15 670 11,349 Mission, TX 6,387 1,916 5.780 Jun-15 462 5,371 Carrollton, TX 20,800 5,200 5.274 Jul-15 1,112 18,677 Houston, TX 23,910 7,173 5.410 Oct-15 1,311 21,846 Omaha, NE 8,972 2,898 5.610 Apr-16 621 7,560 Tempe, AZ 8,474 2,737 5.610 Apr-16 586 7,140 Dallas, TX 18,363 5,509 6.100 Jul-16 1,136 18,363 Wilmington, NC 13,000 3,250 5.190 Mar-17 684 11,580 Weston, FL 7,346 2,204 5.520 Nov-17 512 5,758 Lorain, OH(1) 1,470 441 6.000 Jul-18 108 -- Manteca, CA(1) 1,039 312 6.000 Jul-18 77 -- Watertown, NY(1) 977 293 6.000 Jul-18 72 -- Fairlea, WV(1) 686 206 6.000 Jul-18 51 -- San Diego, CA(1) 662 199 6.000 Jul-18 49 -- Galesburg, IL(1) 583 175 6.000 Jul-18 43 -- Overland Park, KS 37,620 9,405 5.830 May-19 2,224 31,819
23 Lexington Corporate Properties Trust Supplemental Reporting Package Mortgages Payable 6/30/06 (000's)
------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------ LXP Current Debt Proportionate Interest Estimated Annual Balloon Joint Venture Property Balance Share Rate Maturity Debt Service Payment ------------------------------- -------------- ---------------- ------------- --------------- ----------------- ------------------ Kansas City, MO 17,950 4,488 5.830 May-19 1,061 15,182 West Chester, PA 10,405 3,122 6.750 Jul-19 1,204 -- Meridian, ID 10,224 2,556 6.010 Aug-19 753 7,658 Streetsboro, OH 20,200 5,050 5.285 Sept-19 1,082 16,338 Houston, TX 7,500 2,423 6.507 Nov-19 495 6,692 San Francisco, CA 22,080 6,624 5.580 Nov-19 1,249 18,002 Lenexa, KS 10,276 2,569 6.270 Dec-19 774 7,755 Oakland, ME 10,408 2,602 5.930 Oct-20 750 7,660 Livonia, GA 9,991 3,227 5.460 Dec-20 741 5,895 Durham, NH 19,182 6,393 6.730 Mar-21 1,309 -- Antioch, TN 14,077 4,223 7.940 Oct-21 1,580 774 -------- --------- ---------- --------- -------- $ 1,052,865 $ 314,294 5.946 % $ 74,845 $ 886,306 ========= ======== ========== ========= ========
1. Debt balances based upon imputed rates. 24 Lexington Corporate Properties Trust Supplemental Reporting Package Debt Maturity Schedule 6/30/06 ($000's)
Consolidated properties ------------------------------------------------------------------------------------------------------------ Scheduled Balloon Balloon Weighted Amortization Payments Average Interest Rate ------------ -------- --------------------- 2006 - remaining $ 13,982 $ -- --% 2007 35,197 -- -- 2008 29,973 43,694 7.32 2009 31,592 36,980 7.16 2010 30,422 56,558 7.88 ------ --------- ----------- $141,166 $ 137,232 7.51% ======= ========= =========== Joint venture properties - LXP proportionate share ------------------------------------------------------------------------------------------------------------ Scheduled Balloon Balloon Weighted Amortization Payments Average Interest Rate ------------ -------- --------------------- 2006 - remaining $ 2,135 $ -- -- 2007 4,078 -- -- 2008 4,493 -- -- 2009 5,170 23,570 6.67% 2010 5,103 20,538 8.06 --------- --------- ----------- $ 20,979 $ 44,108 7.31% ========= ========= ===========
25 Lexington Corporate Properties Trust Supplemental Reporting Package Revenue By Tenant Industry 6/30/06
--------------------------------------------------------------- -------------------------------- Percentage of Historical Tenant Industry Annual Base Rent (1) --------------------------------------------------------------- -------------------------------- Energy 13.4% Finance/Insurance 12.6 Technology 10.8 Automotive 9.6 Telecommunications 5.6 Healthcare 5.6 Transportation/Logistics 5.4 Retail-Department/ Discount Store 5.1 Consumer Products 4.8 Media/Advertising 4.2 Food 3.8 Construction Materials 3.7 Printing/Production 3.4 Retail-Specialty 2.8 Aerospace/Defense 2.2 Service 2.1 Retail-Electronics 1.6 Apparel 1.1 Security 0.9 Health/Fitness 0.5 Paper/Containers & Packaging 0.4 Real Estate 0.4 ------- 100.0%
(1) Includes proportionate share of joint venture investments and rental revenue recognized from properties sold through date of sale for the six months ended June 30, 2006. 26 Lexington Corporate Properties Trust Supplemental Reporting Package Revenue by MSA 6/30/06
Percent of Base Rent for the 6 Months Ended 6/30/06 ------- -------------------------------------------------------------- ---------------------- 1 Houston-TX 9.8% 2 Dallas-Fort Worth-TX 6.1% 3 Philadelphia-Wilmington-PA 4.8% 4 Detroit-MI 4.3% 5 Los Angeles-Riverside-Orange County-CA 4.2% 6 Atlanta-GA 3.9% 7 Youngstown-Warren-OH 3.7% 8 Phoenix-Mesa-AZ 3.5% 9 Boston-MA 3.3% 10 Charlotte-NC 2.7% 11 Salt Lake City-UT 2.6% 12 Harrisburg-PA 2.6% 13 New York-Northern New Jersey 2.4% 14 Richmond-VA 2.3% 15 Indianapolis-IN 2.1% 16 San Antonio-TX 2.1% 17 Chicago-IL 1.9% 18 West Palm Beach-Boca Raton-FL 1.8% 19 Memphis-TN 1.5% 20 Washington-Baltimore-DC-MD 1.4% 21 Elizabethtown, KY 1.4% 22 Columbia-SC 1.3% 23 Dillon-SC 1.2% 24 Columbus-OH 1.2% 25 Kalamazoo-Battle Creek-MI 1.1% 26 Cincinnati-OH 1.0% 27 Greenville-Spartanburg-SC 1.0% 28 Tampa-St. Petersburg-FL 1.0% 29 Seattle-WA 1.0% 30 San Francisco-CA 0.9% 31 Chester-SC 0.9% 32 Norfolk-Virginia Beach-Newport News-VA 0.8% 33 Renswoude, Netherland 0.8% 34 Orlando-FL 0.8% 35 Kansas City-MO-KS 0.8% 36 Florence-SC 0.7% 37 Des Moines-IA 0.7% 38 Hartford-CT 0.7% 39 Denver-CO 0.7% 40 Cleveland-OH 0.6% 41 Killeen-Temple-TX 0.6% 42 Redmond-OR 0.6% 43 Clarksville-TN 0.6% 44 Jackson-TN 0.6% 45 Knoxville-TN 0.6% 46 Ocala-FL 0.5% 47 Dubuque-IA 0.5% 48 Canton-OH 0.5%
27 Lexington Corporate Properties Trust Supplemental Reporting Package Revenue by MSA 6/30/06
Percent of Base Rent for the 6 Months Ended 6/30/06 ------- -------------------------------------------------------------- ---------------------- 49 Greensboro-Winston-Salem-NC 0.4% 50 Laurens-SC 0.4% 51 Newport-OR 0.4% 52 Birmingham-AL 0.4% 53 Fort Meyers-FL 0.4% 54 Klamath Falls-OR 0.4% 55 Waterloo-Cedar Falls-IA 0.4% 56 Jacksonville-FL 0.4% 57 Honolulu-HI 0.4% 58 Danville-IL 0.4% 59 Owensboro-KY 0.3% 60 Sacramento-CA 0.3% 61 Miami-Fort Lauderdale-FL 0.3% 62 Henderson-NC 0.3% 63 Baton Rouge-LA 0.3% 64 Oklahoma, OK 0.3% 65 Tulsa-OK 0.3% 66 New Haven-CT 0.2% 67 Minneapolis-St. Paul-MN 0.2% 68 Colorado Springs-CO 0.2% 69 Winchester-VA 0.2% 70 Raleigh-Durham-Chapel Hill-NC 0.2% 71 Nashville-TN 0.2% 72 Eau Claire-WI 0.2% 73 Tucson-AZ 0.2% 74 Pittsburgh-PA 0.2% 75 Wilmington-NC 0.2% 76 Franklin-NC 0.2% 77 Lavonia-GA 0.2% 78 Omaha-NE-IA 0.2% 79 Stockton-Lodi-CA 0.2% 80 Clackamas-OR 0.1% 81 Oakland-ME 0.1% 82 Gordonsville, TN 0.1% 83 Boise City, ID 0.1% 84 McAllen-Edinburg-Mission-TX 0.1% 85 San Diego-CA 0.1% 86 Watertown-NY 0.1% 87 Crossville, TN 0.1% 88 Lewisburg-WV 0.1% 89 Galesburg-IL 0.1% 90 Erwin, NY - 91 Plymouth, IN - ------- -------------------------------------------------------------- ---------------------- Totals 100.00% ------- -------------------------------------------------------------- ----------------------
28 Lexington Corporate Properties Trust Supplemental Reporting Package Other Revenue Data 6/30/06
Revenue by Property Type Percentage ---------------------------------------------------- -------------------------------- Office 66.1% Industrial 29.9 Retail 4.0 ------- 100.0% ====== Revenue by Credit Rating(B) --------------------------- Investment Grade 39.2% Non-Investment Grade 29.1 Unrated 31.7 ---- 100.00% ======
Percentage of Base Rent for the Number of 6 Months Ended Top 15 Tenants/Guarantors Properties(B) Property Type 6/30/06(A) ---------------------------------------------------- ---------------- ---------------------------------- --------------------- Baker Hughes, Inc. 4 Office (3)/Industrial (1) 5.4% Dana Corporation(C) 9 Industrial 5.0 Kmart Corporation 7 Industrial(1)/Retail (6) 4.1 Wells Fargo Home Mortgage, Inc. 2 Office 2.7 Northwest Pipeline Corp. 1 Office 2.6 Internet Security Systems, Inc. 1 Office 2.5 Invensys Systems, Inc. (Siebe, Inc.) 2 Office 2.4 Exel Logistics, Inc.(NFC plc) 4 Industrial 2.0 Nextel Finance Company 4 Office 1.9 Morgan, Lewis & Bockius LLP 1 Office 1.8 Owens Corning 4 Industrial 1.8 Michaels Stores, Inc. 2 Industrial 1.6 Harcourt Brace 1 Industrial 1.4 James Hardie Building Products, Inc. 1 Industrial 1.4 (James Hardie Industries N.V.) TRW, Inc. (Experian Information Solutions, Inc.) 1 Office 1.4 - --- 44 38.0% == =====
(A) Includes proportionate share of joint venture investments and rental revenue recognized from properties sold through the date of sale. (B) As of June 30, 2006. (C) Tenant declared Chapter 11 bankruptcy in March 2006.