Exhibit 12

LEXINGTON REALTY TRUST

For the year ended December 31,

($000’s)

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

Earnings	2009			2008		2007			2006			2005
Income (loss) before benefit (provision) for income taxes, non-controlling interest, equity in earnings (losses) of non-consolidated entities, gains on sale-affiliates and discontinued operations	$	(31,084	)	$	13,013	$	(60,060	)	$	(13,255	)	$	8,281
Interest expense		126,788			148,524		156,309			59,087			50,115
Amortization expense — debt cost		4,841			4,380		4,338			1,573			1,204
Cash received from joint ventures		20,948			28,052		17,388			22,239			14,663
Total	$	121,493		$	193,969	$	117,975		$	69,644		$	74,263
Fixed charges
Interest expense	$	126,788		$	148,524	$	156,309		$	59,087		$	50,115
Amortization expense — debt cost		4,841			4,380		4,338			1,573			1,204
Capitalized interest expense		778			350		277			513			816
Preferred stock dividend		25,281			26,915		26,733			16,435			16,435
Total	$	157,688		$	180,169	$	187,657		$	77,608		$	68,570
Ratio		N/A			1.08		N/A			N/A			1.08

N/A - Ratio is less than 1.0, deficit of $36,195, $69,682 and $7,964 exists at December 31, 2009, 2007 and 2006, respectively.

Including debt satisfaction gains (charges) in the calculations resulted in ratios of earnings to combined fixed charges and preferred dividends for the years ended December 31, 2008 and 2005 of 1.11 and 1.08, respectively.