8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant

to Section 13 OR 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 31, 2012

LEXINGTON REALTY TRUST
(Exact name of registrant as specified in its charter)
Maryland	1-12386	13-3717318
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One Penn Plaza, Suite 4015, New York, New York 10119-4015

(Address of principal executive offices) (Zip Code)

(212) 692-7200

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

On August 31, 2012, Lexington Realty Trust, which we refer to as the Trust, Lepercq Corporate Income Fund L.P., an operating partnership subsidiary of the Trust, which we refer to as LCIF, Inland American (Net Lease) Sub, LLC, which we refer to as Inland, LMLP GP LLC, a subsidiary of the Trust, and Net Lease Strategic Assets Fund L.P., which we refer to as NLS, entered into an Interest Purchase and Sale Agreement, whereby LCIF agreed to purchase all of Inland’s right, title and interest in NLS.

The purchase price, in the amount of $9,438,348, is to be paid to Inland at the closing, which is expected to occur on September 7, 2012. The assignment of Inland’s interest in NLS will be effective as of September 1, 2012. Following the closing under the Interest Purchase and Sale Agreement, Lexington, including through LCIF, will control 100% of NLS.

The Interest Purchase and Sale Agreement has been entered into in lieu of Inland and Lexington executing and exchanging the Assignment Agreement required by Section 3 of the Agreement Regarding Disposition of Property and Other Matters, dated as of April 27, 2012, which was previously disclosed.

The foregoing description of the Interest Purchase and Sale Agreement is qualified in its entirety by reference to the Interest Purchase and Sale Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, which we refer to as this Current Report, and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On September 6, 2012, the Trust issued a press release regarding (1) the acquisition of Inland’s interest in NLS, (2) an increase in its 2012 Company FFO, as adjusted, (as defined in the press release) guidance to a range of $0.95 to $0.98 per common share, and (3) a 20% increase in the Trust’s quarterly common share dividend for the quarter ending September 30, 2012 to a quarterly dividend of $0.15 per common share. A copy of the press release is furnished as Exhibit 99.1 to this Current Report and is incorporated herein solely for purposes of this Item 7.01 disclosure.

On September 6, 2012, the Trust made available pro forma supplemental property information, which combines the properties of NLS with the properties of the Trust as of June 30, 2012, which we refer to as the NLS Supplementary Information, on its website (www.LXP.com) under “Financial Reports” in the “Investor Relations” section. A copy of the NLS Supplementary Information is furnished as Exhibit 99.2 to this Current Report and is incorporated herein solely for purposes of this Item 7.01 disclosure.

The Trust has also made available additional information with respect to the Trust and NLS on its website (www.LXP.com) under “Presentations” in the “Investor Relations” section. This additional information, entitled “Lexington Realty Trust, Fall 2012” and “Acquisition of Net Lease Strategic Assets Fund L.P.” are respectively furnished as Exhibits 99.3 and 99.4 to this Current Report and is incorporated herein solely for purposes of this Item 7.01 disclosure.

The information furnished pursuant to this “Item 7.01 - Regulation FD Disclosure”, including Exhibit 99.1, Exhibit 99.2, Exhibit 99.3 and Exhibit 99.4 to this Current Report, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, which we refer to as the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing made by us under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in any such filing, except as shall be expressly set forth by specific reference in such a filing.

This Current Report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report that are not clearly historical in nature are forward-looking, and the words “intends,” “estimates,” “anticipate,” “will,” “expects,” “plans,” and similar expressions are generally intended to identify forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance or achievements. 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 our Annual Report on Form 10-K for the year ended December 31, 2011 and our other filings with the Securities and Exchange Commission.  Copies of our filings with the Securities and Exchange Commission are available on our website at www.lxp.com. We have not incorporated by reference into this Current Report the information in, or that can be accessed through our website, and you should not consider any such information to be a part of this Current Report. All forward-looking statements included in this Current Report are based on information available as of the filing of this Current Report.  We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

Item 9.01.	Financial Statements and Exhibits.
	(d)      Exhibits
10.1	Interest Purchase and Sale Agreement, dated as of August 31, 2012, among Lexington Realty Trust, Lepercq Corporate Income Fund L.P., Inland American (Net Lease) Sub, LLC, LMLP GP LLC and Net Lease Strategic Assets Fund L.P.
99.1	Press Release, dated September 6, 2012
99.2	NLS Supplementary Information
99.3	Lexington Realty Trust, Fall 2012
99.4	Acquisition of Net Lease Strategic Assets Fund L.P.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Lexington Realty Trust
Date: September 6, 2012	By:	/s/ Patrick Carroll
		Patrick Carroll
		Chief Financial Officer

Exhibit Index

10.1	Interest Purchase and Sale Agreement, dated as of August 31, 2012, among Lexington Realty Trust, Lepercq Corporate Income Fund L.P., Inland American (Net Lease) Sub, LLC, LMLP GP LLC and Net Lease Strategic Assets Fund L.P.
99.1	Press Release, dated September 6, 2012
99.2	NLS Supplementary Information
99.3	Lexington Realty Trust, Fall 2012
99.4	Acquisition of Net Lease Strategic Assets Fund L.P.

EX-10.1

Exhibit 10.1

INTEREST PURCHASE AND SALE AGREEMENT

THIS INTEREST PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of August 31, 2012, is made by and between Inland American (Net Lease) Sub, LLC, a Delaware limited liability company (“Seller”), and Lepercq Corporate Income Fund L.P., a Delaware limited partnership (“Purchaser”).

Recitals

A. Seller is a partner of Net Lease Strategic Assets Fund L.P., a Delaware limited partnership (the “Partnership”), which is governed by that certain Second Amended and Restated Limited Partnership Agreement of the Partnership dated as of February 20, 2008 (the “LP Agreement”), among LMLP GP LLC, a Delaware limited liability company (“LMLP GP”), Lexington Realty Trust, a Maryland real estate investment trust and successor to The Lexington Master Limited Partnership (“Lexington”).

B. Seller, LMLP GP, Lexington and the Partnership are parties to that certain Agreement Regarding Disposition of Property and Other Matters, dated as of April 27, 2012 (the “Disposition Agreement”). Pursuant to Section 3 of the Disposition Agreement, Seller has elected to sell the Inland Interest (as defined below) to Lexington. In lieu of Seller and Lexington executing and exchanging the Assignment Agreement required by Section 3 of the Disposition Agreement, Lexington has requested that Seller convey the Inland Interest to Purchaser pursuant to this Agreement. Seller, LMLP GP, Lexington and the Partnership agree that execution and delivery of this Agreement is in lieu of and shall satisfy Seller’s and Lexington’s obligation to execute and deliver the Assignment Agreement under Section 3 of the Disposition Agreement.

C. On the terms and conditions set forth in this Agreement, Seller shall sell to Purchaser, and Purchaser shall purchase from Seller, the entirety of Seller’s Percentage Interest (as defined in the LP Agreement) in the Partnership (the “Inland Interest”).

Agreement

NOW, THEREFORE, in consideration of these premises, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is agreed that the statements set forth in the recitals above are true and correct and are incorporated herein and made a part hereof, and that the parties agree as follows:

1. Definitions.  Capitalized terms used herein that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the LP Agreement.

2. Purchase Price. The purchase price for the Inland Interest shall be $9,438,348 (the “Price”). Purchaser shall pay Seller the Price in full (without withholding or deduction of any kind) in cash in immediately available funds to an account designated in writing by Seller on the closing date specified in Section 3 below.

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3. Closing. The closing of the purchase and sale hereunder and the payment of the Price shall occur on September 7, 2012.

4. Assignment of Partnership Interest. Subject to the terms and conditions of this Agreement, and in reliance upon the representations, warranties and covenants contained herein, effective September 1, 2012, (a) the Seller hereby assigns, sells, transfers and sets over to the Purchaser all of its right, title and interest in and to the Inland Interest, including without limitation, all of its rights in and under the LP Agreement, free and clear of any security interests, liens, claims, encumbrances or charges of any kind, and hereby ceases to be a Limited Partner of the Partnership, and (b) the Purchaser hereby accepts such assignment of the Inland Interest and assumes all duties and obligations of the Seller relating to the Inland Interest arising on or after the date hereof subject to the terms of the LP Agreement, and is hereby admitted as a Limited Partner of the Partnership with respect to the Inland Interest. Seller hereby agrees that it shall not be entitled to any distributions from the Partnership.

5. The Seller Representations and Warranties. The Seller hereby represents and warrants to the Purchaser as follows:

a. The Seller is a duly formed and validly existing entity in good standing under the laws of the state of its formation.

b. The Seller has all requisite power and authority to execute and deliver this Agreement and to perform its obligations hereunder.

c. This Agreement constitutes the valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, subject as to enforcement to bankruptcy, insolvency and other similar laws affecting the rights of creditors and to general principles of equity.

d. The Seller is not required to provide any notice to, make any filing with, or obtain any authorization, consent, permit or approval of any government or governmental agency in order to consummate the transactions contemplated by this Agreement.

e. Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) conflict with or violate the terms of the organizational documents of the Seller, (ii) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, governmental agency, or court to which the Seller is subject or (iii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement to which the Seller is a party or by which the Seller is bound or to which any of its assets are subject.

f. The Seller is the sole owner of the Inland Interest, free and clear of any liens, claims, encumbrances and assessments.

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6. The Purchaser’s Representations and Warranties. The Purchaser hereby represents and warrants to the Seller as follows:

a. The Purchaser is a duly formed and validly existing entity in good standing under the laws of the state of its formation.

b. The Purchaser has all requisite power and authority to execute and deliver this Agreement and to perform its obligations hereunder.

c. This Agreement constitutes the valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject as to enforcement to bankruptcy, insolvency and other similar laws affecting the rights of creditors and to general principles of equity.

d. The Purchaser is not required to provide any notice to, make any filing with, or obtain any authorization, consent, permit or approval of any government or governmental agency in order to consummate the transactions contemplated by this Agreement.

e. Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) conflict with or violate the terms of the organizational documents of the Purchaser, (ii) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, governmental agency, or court to which the Purchaser is subject or (iii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement to which the Purchaser is a party or by which the Purchaser is bound or to which any of its assets are subject.

7. Executive Committee.  Each of the members of the Executive Committee appointed by the Seller are hereby removed as of the date hereof, and the Executive Committee shall hereafter consist only of members appointed by Lexington and the Purchaser.

8. Amendment of LP Agreement. The Partnership Agreement is deemed to be amended hereby without further action of the parties hereto to reflect that (a) the Inland Interest has been assigned by the Seller to the Purchaser, (b) the Purchaser has been admitted as a Limited Partner of the Partnership with respect to the Inland Interest, (c) the Seller has ceased to be a Limited Partner of the Partnership. Upon the assignment of the Inland Interest contemplated hereby, the Partnership shall continue without dissolution. To the extent any provision of this Agreement is inconsistent with any provision of the LP Agreement, the parties hereto agree that the LP Agreement shall be deemed to be amended hereby without any further action of the parties to the extent (but only to the extent) necessary to make the provisions of the LP Agreement consistent with the transactions contemplated by this Agreement. For the avoidance of doubt, the provisions of Section 6.6(b) of the Partnership Agreement are not amended hereby.

9. Mutual Releases.

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a. In consideration of the covenants contained in this Agreement and other good and valuable consideration, each of the Purchaser, LMLP GP, Lexington and the Partnership, for itself and its Affiliates, successors and assigns, and their respective officers, directors, managers, members, employees and agents, does hereby completely, fully, finally and forever release and discharge the Seller and its Affiliates (and all of their respective present or former officers, directors, members, partners, representatives, agents, employees, subsidiaries, affiliated companies, successors and assigns) and each of their successors and assigns from all causes of action, claims, demands, complaints, judgments, obligations, damages, or liabilities of whatever nature, kind and character, whether known or unknown, whether based on tort, contract or other theory of recovery, arising up to and including the date hereof, and which may arise in the future, which the Purchaser may now have or hereafter accrue or acquire, pertaining to, based on, or arising out of or from, directly or indirectly, the Partnership. Notwithstanding the foregoing, nothing contained in this Section 9(a) shall release any party from (i) its obligations under this Agreement and the Disposition Agreement, or (ii) its indemnity obligations under Section 3.12 of the Partnership Agreement.

b. In consideration of the covenants contained in this Agreement and other good and valuable consideration, the Seller, for itself and its Affiliates, successors and assigns, and their respective officers, directors, managers, members, employees and agents, does hereby completely, fully, finally and forever release and discharge the Purchaser, LMLP GP, Lexington, their Affiliates, and the Partnership (and all of their respective present or former officers, directors, members, partners, representatives, agents, employees, subsidiaries, affiliated companies, successors and assigns) and each of their successors and assigns from all causes of action, claims, demands, complaints, judgments, obligations, damages, or liabilities of whatever nature, kind and character, whether known or unknown, whether based on tort, contract or other theory of recovery, arising up to and including the date hereof, and which may arise in the future, which the Purchaser may now have or hereafter accrue or acquire, pertaining to, based on, or arising out of or from, directly or indirectly, the Partnership. Notwithstanding the foregoing, nothing contained in this Section 9(b) shall release any party from (i) its obligations under this Agreement and the Disposition Agreement, or (ii) its indemnity obligations under Section 3.12 of the Partnership Agreement.

10. General Provisions.

a. Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware.

b. Jurisdiction; Venue. Each party hereto hereby irrevocably and unconditionally (i) agrees that any action, suit or other legal proceeding brought in connection with or relating to this Agreement or any matter contemplated hereby shall be brought exclusively in a court of competent jurisdiction located in New Castle County, Delaware, whether a state or federal court, and shall not be brought in any court or forum outside New Castle County, Delaware, (ii) consents and submits to, and agrees that it will not assert (by way of motion, as a defense or otherwise) that it is not subject to, personal jurisdiction in connection with any such action, suit or proceeding in any such court and (iii) waives to the fullest extent permitted by law, and agrees that it will not assert (by way of motion, as a defense or otherwise), any claim that the laying of venue of any such action, suit or proceeding in any such court is improper or that any such action, suit or proceeding brought in any such court was brought in an inconvenient forum or should be stayed by reason of the pendency of some other action, suit or other legal proceeding in a court or forum other than any such court.

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c. Jury Waiver. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW, AND AGREES THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR OTHER LEGAL PROCEEDING IN CONNECTION WITH OR RELATING TO THIS AGREEMENT OR ANY MATTER CONTEMPLATED HEREBY.

d. Entire Agreement. This is the entire agreement between the parties with respect to the subject matter hereof. There are no promises, conditions, covenants or terms, which are not contained herein. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors, heirs and permitted assigns.

e. Amendments. This Agreement may not be altered, modified, changed or canceled, except in a writing signed by all parties.

f. Validity. If any one or more of the provisions (or any part thereof) of this Agreement shall be held to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions (or any part thereof) shall not in any way be affected or impaired thereby.

g. Time of Essence; Cooperation. Time is of the essence in the performance of the obligations of the parties in connection with this Agreement. All parties shall cooperate fully in carrying out the terms of this Agreement and shall prepare and execute all documents reasonably necessary to carry out the terms of this Agreement.

h. Further Actions. Each of the parties hereto shall hereafter execute and deliver such further instruments and do such further acts and things as may be required or useful to carry out the intent and purpose of this Agreement and as are not inconsistent with the terms hereof.

i. Expenses. The Partnership shall pay all transfer taxes and reasonable fees payable to third parties for required consents in connection with the assignment of the Inland Interest. Extent to the extent otherwise provided in the preceding sentence, each party hereto shall bear its own costs incurred in connection with this Agreement and the transactions contemplated hereby.

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j. Injunctive Relief. Each of the parties hereto confirms that damages at law may be an inadequate remedy for a breach or threatened breach of this Agreement and agrees that in the event of a breach or threatened breach of any provision hereof, the respective rights and obligations hereunder shall be enforceable by specific performance, injunction or other equitable remedy but nothing herein contained is intended to, nor shall it, limit or affect any rights or rights at law or by statute or otherwise of any party aggrieved as against the other for breach or threatened breach of any provision hereof, it being the intention by this section to make clear the agreement of the parties that the respective rights and obligations of the parties hereunder shall be enforceable in equity as well as at law or otherwise.

k. Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all such counterparts together shall constitute but one and the same instrument; signature and acknowledgment pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature and acknowledgement pages are physically attached to the same document. This Agreement shall become effective upon the execution of a counterpart hereof by each of the parties hereto and delivery to each of the parties hereto of a fully executed original counterpart of this Agreement.

[Signature page follows]

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IN WITNESS WHEREOF, each of the parties hereby executes this Agreement as of the date first set forth above.

SELLER:

INLAND AMERICAN (NET LEASE) SUB, LLC

By: /s/ Carol M. Hoffmann                         

Name: Carol M. Hoffman                            

Title: Assistant Secretary                           

PURCHASER:

LEPERCQ CORPORATE INCOME FUND L.P.

By: Lex GP-1 Trust, its general partner

By: /s/ Joseph S. Bonventre                      

Name: Joseph S. Bonventre                       

Title: Vice President                                    

PARTNERSHIP:

NET LEASE STRATEGIC ASSETS FUND L.P.

By: LMLP GP LLC, its general partner

By: /s/ Joseph S. Bonventre                      

Name: Joseph S. Bonventre                       

Title: Vice President                                    

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JOINDER

The undersigned hereby join in the foregoing Interest Purchase and Sale Agreement for the purpose of consenting thereto and binding themselves to the agreements of the undersigned contained in Recital B and Section 9 thereof.

LEXINGTON:

LEXINGTON REALTY TRUST, a Maryland real estate investment trust

By: /s/ Joseph S. Bonventre                     

Name: Joseph S. Bonventre                     

Title: Executive Vice President                 

LMLP GP:

LMLP GP LLC, a Delaware limited liability company

By: /s/ Joseph S. Bonventre                     

Name: Joseph S. Bonventre                     

Title: Vice President                                   

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EX-99.1

Exhibit 99.1

Lexington Realty Trust

TRADED: NYSE: LXP

One Penn Plaza, Suite 4015

New York NY 10119-4015

Contact:

Investor or Media Inquiries for Lexington Realty Trust:

Patrick Carroll, CFO

Lexington Realty Trust

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

FOR IMMEDIATE RELEASE

September 6, 2012

LEXINGTON REALTY TRUST TO ACQUIRE

NET LEASE STRATEGIC ASSETS FUND

Increases 2012 Company FFO, As Adjusted, Guidance To A Range Of $0.95 To $0.98 Per Common Share

Raises Quarterly Common Share Dividend By 20%

NEW YORK, NY – September 6, 2012 – Lexington Realty Trust (“Lexington”) (NYSE: LXP), a real estate investment trust focused on single-tenant real estate investments, announced today that it has entered into a definitive agreement to acquire, from Inland American (Net Lease) Sub, LLC (“Inland”), Inland’s interest in Net Lease Strategic Assets Fund L.P. (“NLS”), an existing joint venture between Inland and Lexington formed in 2007, in a transaction valued at approximately $480.0 million. This transaction expands Lexington’s asset base and consolidates Lexington’s ownership of a 98.7% leased portfolio, which Lexington owned and/or managed since before NLS was formed. The cash component of Lexington’s purchase price is approximately $1.3 million, net of NLS cash balances of $8.1 million at August 31, 2012. In addition, at August 31,2012 NLS had approximately $258.0 million of consolidated debt.

In conjunction with the transaction, Lexington is raising its 2012 Company FFO, as adjusted, guidance to a range of $0.95 to $0.98 per common share from a range of $0.93 to $0.96 per common share.

Also today, Lexington declared a regular quarterly dividend/distribution for the quarter ended September 30, 2012, of $0.15 per common share/unit, a 20% increase from the prior quarterly rate of $0.125 per common share/unit. The dividend is payable on October 15, 2012, to common shareholders/unitholders of record as of September 28, 2012. In addition, Lexington declared dividends of $0.8125 per share of its 6.50% Series C Cummulative Convertible Preferred Stock and $0.471875 per share of its 7.55% Series D Cummulative Redeemable Preferred Stock. The Series C dividend is payable on or about November 15, 2012 to shareholders of record as of October 31, 2012. The Series D dividend is payable on October 15, 2012 to shareholders of record as of September 28, 2012.

T. Wilson Eglin, Lexington’s Chief Executive Officer, commented, “This transaction is highly beneficial to Lexington. This portfolio of 41 office, industrial and specialty assets in 23 states is leased to a high quality roster of tenants including Northrop Grumman, Siemens, Owens Corning and Honeywell. These are assets we have owned and/or managed since before NLS was formed, we know very well, and we are acquiring at what we believe is an attractive price. We believe we can create significant value for our shareholders by extending lease terms, recycling capital through asset sales, and refinancing the underlying debt over time.”

Referring to today’s additional announcements, Eglin continued, “We are very pleased to announce an upward revision to our 2012 guidance and a substantial increase in our quarterly common share dividend. These reflect not only the accretion from the acquisition, but also the cumulative impact of (i) reinvesting our excess cash flow to reduce debt, (ii) recycling our capital into higher yielding new investment opportunities, (iii) refinancing our maturing debts at substantially lower rates and (iv) raising portfolio occupancy from 92.0% to 97.7% over the last few years. Even with this 20% dividend increase, we believe our payout ratio in relation to Company FFO, as adjusted, remains conservative.”

Lexington Realty Trust Page 2 of 2

Net Lease Strategic Assets Fund

NLS was a joint venture between Lexington and Inland. In 2007 and 2008, Lexington contributed or sold 43 properties, a 40% tenant-in-common interest in a property, plus $15.0 million in cash to NLS and Inland contributed $216.0 million in cash to NLS, which was paid to Lexington. Inland had an 85% common equity interest and Lexington had a 15% common equity interest and a 100% preferred equity interest in NLS.

NLS currently owns 26 office properties, 13 industrial properties and two specialty properties totaling 5.8 million square feet in 23 states, plus a 40% tenant-in-common interest in an office property. The NLS properties are 98.7% leased and had annual net operating income of approximately $49.6 million as of June 30, 2012, representing a 10.3% capitalization rate on the transaction value. As of June 30, 2012, the NLS consolidated portfolio was encumbered by $259.0 million of consolidated debt which bore interest at a weighted-average interest rate of 5.2%.

The closing is expected to occur on September 7, 2012, but will be effective as of September 1, 2012. Additional detail on the transaction and the NLS properties will be furnished by Lexington on a Current Report on Form 8-K, which is expected to be filed today with the Securities and Exchange Commission.

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust is a real estate investment trust that owns, invests in and manages single-tenant office, industrial and retail properties leased to major corporations throughout the United States. Lexington also provides investment advisory and asset management services to investors in the single-tenant area. Lexington’s common shares are traded on the New York Stock Exchange under the symbol “LXP”. Additional information about Lexington is available on-line at www.lxp.com or by contacting Lexington Realty Trust, Investor Relations, One Penn Plaza, Suite 4015, New York, New York 10119-4015.

This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and 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. These factors include, but are not limited to, (1) the failure of the transaction to close, (2) the discretion of Lexington’s Board of Trustees with respect to the declaration of future dividends and (3) those factors and risks detailed in Lexington's periodic filings with the Securities and Exchange Commission. 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.

Lexington believes that Funds from Operations (“FFO”) 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 generally accepted accounting principles (“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, Inc. (“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 unconsolidated partnerships and joint ventures.” NAREIT recently 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 “Reported Company funds from operations” or “Reported Company FFO,” which differs from FFO because it includes Lexington's operating partnership units, Lexington's 6.50% Series C Cumulative Convertible Preferred Shares, and Lexington's 6.00% Convertible Notes because these securities are convertible, at the holder's option, into Lexington's common shares. Management believes this is appropriate and relevant to securities analysts, investors and other interested parties because Lexington presents Reported Company FFO on a company-wide basis as if all securities that are convertible, at the holder's option, into Lexington's common shares, are converted. Lexington also presents “Company funds from operations, as adjusted” or “Company FFO, as adjusted,” which adjusts Reported Company FFO for certain items which Management believes are not indicative of the operating results of its real estate portfolio. Management believes this is an appropriate presentation as it is frequently requested by security analysts, investors and other interested parties. Since others do not calculate funds from operations in a similar fashion, Reported Company FFO and Company FFO, as adjusted, may not be comparable to similarly titled measures as reported by others. Reported Company FFO and Company FFO, as adjusted, should not be considered as an alternative to net income as an indicator of our operating performance or as an alternative to cash flow as a measure of liquidity.

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EX-99.2

Exhibit 99.2 

Quarterly Proforma

Supplemental Reporting Data

Acquisition of Net Lease Strategic Assets Fund L.P. 

June 30, 2012

LEXINGTON REALTY TRUST

PROFORMA SUPPLEMENTAL REPORTING PACKAGE

June 30, 2012

Table of Contents

Section	Page
Proforma Portfolio Data
Property Leases and Vacancies – Consolidated Portfolio	3
Lease Rollover Schedule – Cash Basis	10
Debt Maturity Schedule	12
2012 Mortgage Maturities by Property Type	13
2013 Mortgage Maturities by Property Type	14
2014 Mortgage Maturities by Property Type	15
2015 Mortgage Maturities by Property Type	16
2016 Mortgage Maturities by Property Type	17
Mortgages and Notes Payable	18
Select Credit Metrics	22
Revenue Data	23
Net Lease Strategic Assets Fund Supplemental Financial Disclosure	24
Top 20 Markets	25
Tenant Industry Diversification	26
Top 10 Tenants or Guarantors	27

The following proforma supplemental reporting data is presented for informational purposes only. It combines certain property information of Lexington Realty Trust (“Lexington”) and Net Lease Strategic Assets Fund L.P. (“NLS”) as if all properties owned by NLS were consolidated by Lexington as of June 30, 2012. This Quarterly Proforma Supplemental Reporting Package 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) any estimates made in connection with the information set forth herein, (2) the failure to continue to qualify as a real estate investment trust, (3) changes in general business and economic conditions, including the impact of the current global financial and credit crisis, (4) competition, (5) increases in real estate construction costs, (6) changes in interest rates, (7) changes in accessibility of debt and equity capital markets, including with respect to financings that Lexington is working on, or (8) 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”, “is optimistic” or similar expressions. 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.

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded	Sq.Ft. Leased or Available (1)	Cash Rent as of 6/30/2012 ($000) (2)
OFFICE PROPERTIES
2012	8/31/2012	5757 Decatur Blvd.	Indianapolis	IN	—	Damar Services, Inc.	2002	5,756		23
	9/30/2012	4000 Johns Creek Pkwy.	Suwanee	GA	—	Kraft Foods Global, Inc.	2001	73,264		724
	10/31/2012	4455 American Way	Baton Rouge	LA	—	BellSouth Mobility Inc	1997	70,100		591
	11/7/2012	2706 Media Center Dr.	Los Angeles	CA	—	Playboy Enterprises, Inc.	2000	63,049		776
	12/31/2012	200 Executive Blvd. South	Southington	CT	—	Hartford Fire Insurance Company	1984/2006	153,364		840
2013	1/31/2013	12600 Gateway Blvd.	Fort Meyers	FL	—	Gartner, Inc.	1998	62,400		579
		810 & 820 Gears Rd.	Houston	TX	—	IKON Office Solutions, Inc.	2000	157,790		1,148
	3/31/2013	3165 McKelvey Rd.	Bridgeton	MO	—	BJC Health System	1981	52,994		199
	5/31/2013	2401 Cherahala Blvd.	Knoxville	TN	3	AdvancePCS, Inc. / CaremarkPCS, L.L.C.	2002	59,748		450
	6/30/2013	2210 Enterprise Dr.	Florence	SC	—	JPMorgan Chase Bank, National Association	1998	179,300		628
		420 Riverport Rd.	Kingsport	TN	3	Kingsport Power Company	1981	42,770		155
	9/30/2013	9200 South Park Center Loop	Orlando	FL	—	Corinthian Colleges, Inc.	2003	59,927		679
	10/31/2013	3943 Denny Ave.	Pascagoula	MS	3	Northrop Grumman Systems Corporation	1995	94,841		319
	11/30/2013	10475 Crosspoint Blvd.	Indianapolis	IN	—	Yellow Book Sales and Distribution Company, Inc.	1999	3,764		33
		1110 Bayfield Dr.	Colorado Springs	CO	—	Honeywell International Inc.	1980/1990/2002	166,575		815
	12/13/2013	3333 Coyote Hill Rd.	Palo Alto	CA	16	Xerox Corporation	1973/1975/1982	202,000		1,749
	12/31/2013	2550 Interstate Dr.	Harrisburg	PA	—	New Cingular Wireless PCS, LLC	1998	81,859		972
2014	1/31/2014	1401 & 1501 Nolan Ryan Pkwy.	Arlington	TX	3	Siemens Dematic Postal Automation L.P. / Siemens Energy & Automation, Inc. / Siemens Shared Services, LLC	2003	236,547		1,362
		850-950 Warrenville Rd.	Lisle	IL	—	James J. Benes & Associates, Inc.	1984	6,347		69
	3/15/2014	101 East Erie St.	Chicago	IL	—	Draftfcb, Inc. (Interpublic Group of Companies, Inc.)	1986	212,988		2,066
	4/30/2014	12000 & 12025 Tech Center Dr.	Livonia	MI	3	Kelsey-Hayes Company (TRW Automotive, Inc.)	1987/1988/1990	180,230		1,058
	5/31/2014	3476 Stateview Blvd.	Fort Mill	SC	—	Wells Fargo Bank, N.A.	2002	169,083		1,343
		3480 Stateview Blvd.	Fort Mill	SC	—	Wells Fargo Bank, N.A.	2004	169,218		1,821
		859 Mount Vernon Hwy.	Atlanta	GA	8	International Business Machines Corporation /Internet Security Systems, Inc. (ISS Group, Inc.)	2004	50,400		644
	6/30/2014	70 Mechanic St.	Foxboro	MA	3	Invensys Systems, Inc. (Siebe, Inc.)	1965/1967/1971	251,914		3,256
	7/31/2014	16676 Northchase Dr.	Houston	TX	—	Kerr-McGee Oil & Gas Corporation (Kerr-McGee Corporation)	2003	101,111		835
	9/30/2014	333 Mt. Hope Ave.	Rockaway	NJ	—	BASF Corporation	1981/2002/2004	95,500		1,122
	10/31/2014	1409 Centerpoint Blvd.	Knoxville	TN	—	Alstom Power, Inc.	1997	84,404		856
		2800 Waterford Lake Dr.	Midlothian	VA	12	Alstom Power, Inc.	2000	99,057		1,066
		700 US Hwy. Route 202-206	Bridgewater	NJ	—	Biovail Pharmaceuticals, Inc. (Valeant Pharmaceuticals International, Inc.)	1985/2003/2004	115,558		1,017
	11/30/2014	200 Lucent Ln.	Cary	NC	—	Progress Energy Service Company, LLC	1999	124,944		1,062
		850-950 Warrenville Rd.	Lisle	IL	—	Flexco, Inc.	1984	7,535		68
	12/14/2014	22011 Southeast 51st St.	Issaquah	WA	—	Spacelabs Medical, Inc. / OSI Systems, Inc. (Instrumentarium Corporation)	1987	95,600		1,064
		5150 220th Ave.	Issaquah	WA	—	Spacelabs Medical, Inc. / OSI Systems, Inc. (Instrumentarium Corporation)	1992	106,944		1,197
	12/31/2014	1066 Main St.	Forest Park	GA	—	Bank of America, NA (Bank of America Corporation)	1969	14,859		100
		1698 Mountain Industrial Blvd.	Stone Mountain	GA	—	Bank of America, NA (Bank of America Corporation)	1973	5,704		48
		180 South Clinton St.	Rochester	NY	—	Frontier Corporation	1988/2000	226,000		1,478
		201 West Main St.	Cumming	GA	—	Bank of America, NA (Bank of America Corporation)	1968/1982	14,208		99
		2223 North Druid Hills Rd.	Atlanta	GA	—	Bank of America, NA (Bank of America Corporation)	1972	6,260		56
		275 Technology Dr.	Canonsburg	PA	—	ANSYS, Inc.	1996	107,872		715
		400 Butler Farm Rd.	Hampton	VA	—	Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company)	1999	100,632		631
		4545 Chamblee – Dunwoody Rd.	Chamblee	GA	—	Bank of America, NA (Bank of America Corporation)	1972	4,565		44
		825 Southway Dr.	Jonesboro	GA	—	Bank of America, NA (Bank of America Corporation)	1971	4,894		38
		956 Ponce de Leon Ave.	Atlanta	GA	—	Bank of America, NA (Bank of America Corporation)	1975	3,900		39

3

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded	Sq.Ft. Leased or Available (1)	Cash Rent as of 6/30/2012 ($000) (2)
OFFICE PROPERTIES
2015	1/31/2015	26555 Northwestern Hwy.	Southfield	MI	—	Federal-Mogul Corporation	1963/1965/1988/1989	187,163		579
	3/31/2015	3940 South Teller St.	Lakewood	CO	17	MoneyGram Payment Systems, Inc.	2002	68,165		577
	4/30/2015	13775 McLearen Rd.	Herndon	VA	—	Equant, Inc. (Equant, NV)	1985/1986/1992/1999	125,293		1,109
	6/30/2015	2500 Patrick Henry Pkwy.	McDonough	GA	3	Georgia Power Company	1999	111,911		771
		3711 San Gabriel	Mission	TX	3	VoiceStream PCS II Corporation / T-Mobile USA, Inc. / T-Mobile West Corporation	2003	75,016		525
	7/1/2015	33 Commercial St.	Foxboro	MA	—	Invensys Systems, Inc. (Siebe, Inc.)	1982/1987	164,689		3,025
	7/31/2015	4001 International Pkwy.	Carrollton	TX	—	Motel 6 Operating, LP (Accor S.A.)	2003	138,443		1,603
	8/31/2015	2706 Media Center Dr.	Los Angeles	CA	—	Sony Electronics Inc.	2000	20,203		105
	9/27/2015	10001 Richmond Ave.	Houston	TX	—	Baker Hughes Incorporated	1976	554,385		6,775
		12645 West Airport Rd.	Sugar Land	TX	—	Baker Hughes Incorporated	1997	165,836		1,719
		2529 West Thorne Dr.	Houston	TX	3	Baker Hughes, Incorporated	1982/1999	65,500		479
	9/30/2015	500 Olde Worthington Rd.	Westerville	OH	—	InVentiv Communications, Inc.	2000	97,000		556
		550 Business Center Dr.	Lake Mary	FL	—	JPMorgan Chase Bank, National Association	1999	125,920		943
		600 Business Center Dr.	Lake Mary	FL	—	JPMorgan Chase Bank, National Association	1996	125,155		902
	10/31/2015	12209 West Markham St.	Little Rock	AR	—	Entergy Arkansas, Inc.	1980	36,311		119
		5201 West Barraque St.	Pine Bluff	AR	3	Entergy Arkansas Inc.	1964/1972/1988	27,189		96
2016	1/31/2016	1600 Eberhardt Rd.	Temple	TX	3	Nextel of Texas, Inc. (Nextel Finance Company)	2001	108,800		837
	4/30/2016	11511 Luna Rd.	Farmers Branch	TX	—	Haggar Clothing Co. (Texas Holding Clothing Corporation and Haggar Corp.)	2000	180,507		1,154
		2000 Eastman Dr.	Milford	OH	—	Siemens Corporation	1991	221,215		1,243
	5/31/2016	1200 Jupiter Rd.	Garland	TX	3	Raytheon Company	1980	278,759		753
	7/14/2016	1400 Northeast McWilliams Rd.	Bremerton	WA	3	Nextel West Corp. (Nextel Finance Company)	2002	60,200		608
	10/31/2016	104 & 110 South Front St.	Memphis	TN	—	Hnedak Bobo Group, Inc.	1871/1980/1988/1999	37,229		259
	12/31/2016	2050 Roanoke Rd.	Westlake	TX	—	TD Auto Finance LLC	2001	130,290		1,287
2017	3/31/2017	1701 Market St.	Philadelphia	PA	4	Car-Tel Communications, Inc.	1957/1997	1,220		26
	4/30/2017	1315 West Century Dr.	Louisville	CO	—	Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC)	1987/2006	106,877		811
	9/30/2017	9201 East Dry Creek Rd.	Centennial	CO	—	The Shaw Group, Inc.	2001/2002	128,500		1,163
		750 N. Commons Dr.	Aurora	IL	17	Westell, Inc. (Westell Technologies, Inc.)	1996	210,230		1,004
	11/30/2017	6200 Northwest Pkwy.	San Antonio	TX	—	United HealthCare Services, Inc. / PacifiCare Healthsystems, LLC	2000	142,500		891
	12/31/2017	100 East Shore Dr.	Glen Allen	VA	—	Capital One, National Association	1999	68,118		609
2018	1/31/2018	5757 Decatur Blvd.	Indianapolis	IN	5	Allstate Insurance Company	2002	84,200		687
	3/14/2018	601 & 701 Experian Pkwy.	Allen	TX	—	Experian Information Solutions, Inc. / TRW, Inc.(Experian Holdings, Inc.)	1981/1983	292,700		1,537
	4/30/2018	Sandlake Rd./Kirkman Rd.	Orlando	FL	—	Lockheed Martin Corporation	1982	184,000		480
	5/30/2018	13651 McLearen Rd.	Herndon	VA	—	United States of America	1987	159,644		1,622
	5/31/2018	6303 Barfield Rd.	Atlanta	GA	—	International Business Machines Corporation /Internet Security Systems, Inc. (ISS Group, Inc.)	2000/2001	238,600		2,533
	6/30/2018	100 Barnes Rd.	Wallingford	CT	—	3M Company	1978/1985/1990/1993	44,400		233
	8/31/2018	3500 North Loop Rd.	McDonough	GA	3	Litton Loan Servicing LP	2007	62,218		602
	9/30/2018	1701 Market St.	Philadelphia	PA	4	CBC Restaurant Corp.	1957/1997	8,070		103
	12/22/2018	5200 Metcalf Ave.	Overland Park	KS	—	Swiss Re America Holding Corporation / Westport Insurance Corporation	1980/1990/2004/2005	320,198		2,372
	12/31/2018	120 East Shore Dr.	Glen Allen	VA	—	Capital One Services, LLC	2000	77,045		252
2019	1/31/2019	2999 Southwest 6th St.	Redmond	OR	3	VoiceStream PCS I LLC (T-Mobile USA, Inc.)	2004	77,484		771
	4/1/2019	9201 Stateline Rd.	Kansas City	MO	—	Swiss Re America Holding Corporation / Westport Insurance Corporation	1963/1973/1985/2003	155,925		1,111
	5/31/2019	4400 Northcorp Pkway	Palm Beach Gardens	FL	—	Office Suites Plus Properties, Inc.	1996	18,400		138
	6/19/2019	3965 Airways Blvd.	Memphis	TN	—	Federal Express Corporation	1982/1983/1985	521,286		3,426
	6/29/2019	3265 East Goldstone Dr.	Meridian	ID	3	T-Mobile PCS Holdings, LLC (T-Mobile USA, Inc.)	2004	77,484		657
	6/30/2019	275 South Valencia Ave.	Brea	CA	—	Bank of America, National Association	1983	637,503		4,355
	7/15/2019	19019 North 59th Ave.	Glendale	AZ	3	Honeywell International Inc.	1986/1997/2000	252,300		877
	7/31/2019	500 Jackson St.	Columbus	IN	—	Cummins, Inc.	1984	390,100		2,213
	10/31/2019	10475 Crosspoint Blvd.	Indianapolis	IN	—	John Wiley & Sons, Inc.	1999	123,416		1,080
		9601 Renner Blvd.	Lenexa	KS	3	VoiceStream PCS II Corporation (T-Mobile USA, Inc.)	2004	77,484		673
	12/31/2019	421 Butler Farm Rd.	Hampton	VA	—	Patient Advocate Foundation	2000	36,484		301
		850-950 Warrenville Rd.	Lisle	IL	—	National-Louis University	1984	85,532		633

4

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded	Sq.Ft. Leased or Available (1)		Cash Rent as of 6/30/2012 ($000) (2)
OFFICE PROPERTIES
2020	1/31/2020	10300 Kincaid Dr.	Fishers	IN	—	Roche Diagnostics Operations, Inc.	1999	193,000		1,689
	2/14/2020	5600 Broken Sound Blvd.	Boca Raton	FL	—	Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.)	1983/2002	143,290		1,136
	6/30/2020	10419 North 30th St.	Tampa	FL	3	Time Customer Service, Inc.  (Time Incorporated)	1986	132,981		682
	7/8/2020	1460 Tobias Gadsen Blvd.	Charleston	SC	—	Hagemeyer North America, Inc.	2005	50,076		398
	8/31/2020	First Park Dr.	Oakland	ME	3	Omnipoint Holdings, Inc. (T-Mobile USA, Inc.)	2005	78,610		667
	11/30/2020	11555 University Blvd.	Sugar Land	TX	3	KS Management Services, LLP (St. Luke’s Episcopal Health System Corporation)	2005	72,683		613
2021	1/31/2021	1701 Market St.	Philadelphia	PA	4	Morgan, Lewis & Bockius LLP	1957/1997	289,432		2,236
	3/31/2021	1311 Broadfield Blvd.	Houston	TX	—	Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.)	2000	155,040		1,163
	6/30/2021	1415 Wyckoff Rd.	Wall	NJ	—	New Jersey Natural Gas Company	1983	157,511		1,656
	8/31/2021	333 Three D Systems Circle	Rock Hill	SC	—	3D Systems Corporation	2006	80,028		335
	11/30/2021	29 South Jefferson Rd.	Whippany	NJ	—	CAE SimuFlite, Inc. (CAE INC.)	2006/2008	123,734		1,196
2022	1/31/2022	26210 and 26220 Enterprise Court	Lake Forest	CA	—	Apria Healthcare, Inc. (Apria Healthcare Group, Inc.)	2001	100,012		568
	6/30/2022	8555 South River Pkwy.	Tempe	AZ	3 / 20	ASM Lithography, Inc. (ASM Lithography Holding N.V.) (2013)  / DuPont Airproducts Nanomaterials L.L.C. (2022)	1998	95,133		1,177
N/A	N/A	1701 Market St.	Philadelphia	PA	4	Parking Operators	1957/1997	0		1,249
	Vacant	101 East Erie St.	Chicago	IL	—	(Available for Lease)	1986	17,716		0
		10475 Crosspoint Blvd.	Indianapolis	IN	—	(Available for Lease)	1999	13,867		0
		1701 Market St.	Philadelphia	PA	4	(Available for Lease)	1957/1997	5,315		0
		4000 Johns Creek Pkwy.	Suwanee	GA	—	(Available for Lease)	2001	13,955		0
		421 Butler Farm Rd.	Hampton	VA	—	(Available for Lease)	2000	20,080		0
OFFICE TOTAL/WEIGHTED AVERAGE						99.5% Leased		13,555,335	$	105,783

5

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded	Sq. Ft. Leased or Available (1)		Cash Rent as of 6/30/2012 ($000) (2)
INDUSTRIAL PROPERTIES
2012	MTM	191 Arrowhead Dr.	Hebron	OH	—	Owens Corning Insulating Systems, LLC	1999	250,410		260
	10/31/2012	1601 Pratt Ave.	Marshall	MI	—	Enbridge Energy, Limited Partnership	1979	58,300		86
2013	5/31/2013	200 Arrowhead Dr.	Hebron	OH	—	Owens Corning Sales, LLC / Owens Corning Insulating Systems, LLC	2000	400,522		451
		2203 Sherrill Dr.	Statesville	NC	—	Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation)	1999/2002	639,800		894
	12/31/2013	1133 Poplar Creek Rd.	Henderson	NC	—	Staples, Inc. / Corporate Express, Inc.	1998/2006	196,946		438
		120 Southeast Pkwy. Dr.	Franklin	TN	3	Essex Group, Inc. (United Technologies Corporation)	1970/1983	289,330		367
2014	1/1/2014	2415 US Hwy. 78 East	Moody	AL	—	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)	2004	595,346		527
	1/31/2014	109 Stevens St.	Jacksonville	FL	3	Wagner Industries, Inc.	1959/1967	168,800		150
	12/31/2014	324 Industrial Park Rd.	Franklin	NC	3	SKF USA Inc.	1996	72,868		228
		3686 South Central Ave.	Rockford	IL	—	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)	1998	90,000		202
2015	1/31/2015	101 Michelin Dr.	Laurens	SC	7	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) / Michelin North America, Inc.	1991/1993	1,164,000		1,707
		7111 Crabb Rd.	Temperance	MI	7	CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) / Michelin North America, Inc.	1978/1993	744,570		1,143
	6/30/2015	1700 47th Ave North	Minneapolis	MN	3	Owens Corning / Owens Corning Roofing and Asphalt, LLC	2003	18,620		312
		2935 Van Vactor Dr.	Plymouth	IN	3	Bay Valley Foods, LLC	2000/2003	300,500		406
	9/27/2015	9110 Grogans Mill Rd.	The Woodlands	TX	3	Baker Hughes, Incorporated	1992	275,750		1,738
	12/31/2015	749 Southrock Dr.	Rockford	IL	—	Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.)	1992	150,000		238
2016	2/28/2016	7670 Hacks Cross Rd.	Olive Branch	MS	—	MAHLE Clevite, Inc. (MAHLE Industries, Incorporated)	1989	268,104		477
	3/31/2016	19500 Bulverde Rd.	San Antonio	TX	—	Elsevier STM Inc. (Reed Elsevier Inc.)	2001	559,258		1,832
		2455 Premier Dr.	Orlando	FL	—	Walgreen Co. / Walgreen Eastern Co.	1980	205,016		254
	5/31/2016	291 Park Center Dr.	Winchester	VA	—	Kraft Foods Global, Inc.	2001	344,700		605
	8/31/2016	10590 Hamilton Ave.	Cincinnati	OH	—	The Hillman Group, Inc.	1991/1994/1995/2005	248,200		396
	9/30/2016	900 Industrial Blvd.	Crossville	TN	—	Dana Commercial Vehicle Products, LLC	1989/2006	222,200		342
	11/30/2016	736 Addison Rd.	Erwin	NY	3	Corning, Incorporated	2006	408,000		619
2017	2/28/2017	3456 Meyers Ave.	Memphis	TN	—	Sears, Roebuck and Co. / Sears Logistics Services	1973	780,000		796
	4/30/2017	3600 Army Post Rd.	Des Moines	IA	3	HP Enterprise Services, LLC	2000	405,000		1,453
	6/30/2017	7500 Chavenelle Rd.	Dubuque	IA	—	The McGraw-Hill Companies, Inc.	2001	330,988		608
	9/30/2017	250 Swathmore Ave.	High Point	NC	—	Steelcase Inc.	2002	244,851		549
	10/31/2017	1420 Greenwood Rd.	McDonough	GA	—	Versacold USA, Inc.	2000/2007	296,972		1,322
		43955 Plymouth Oaks Blvd.	Plymouth	MI	—	Tower Automotive Operations USA I, LLC  / Tower Automotive Products Inc. (Tower Automotive, Inc.)	1996/1998	290,133		943
2018	6/30/2018	1650-1654 Williams Rd.	Columbus	OH	—	ODW Logistics, Inc.	1973	772,450		674
	9/30/2018	50 Tyger River Dr.	Duncan	SC	—	Plastic Omnium Auto Exteriors, LLC	2005/2007/2008	221,833		479
		904 Industrial Rd.	Marshall	MI	3	Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.)	1968/1972/2008	246,508		382
2019	4/30/2019	113 Wells St.	North Berwick	ME	—	United Technologies Corporation	1965/1980	972,625		768
	10/17/2019	10345 Philipp Pkwy.	Streetsboro	OH	—	L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.)	2004	649,250		1,259
2020	3/31/2020	2425 Hwy. 77 North	Waxahachie	TX	—	James Hardie Building Products, Inc. (James Hardie NV & James Hardie Industries NV)	1996/2001	335,610		1,700
	5/31/2020	359 Gateway Dr.	Lavonia	GA	3	TI Group Automotive Systems, LLC (TI Automotive Ltd.)	2005	133,221		600
	6/30/2020	3102 Queen Palm Dr.	Tampa	FL	—	Time Customer Service, Inc. (Time Incorporated)	1986	229,605		643
	9/30/2020	3350 Miac Cove Rd.	Memphis	TN	—	Mimeo.com, Inc.	1987	107,400		207
	12/19/2020	1901 Ragu Dr.	Owensboro	KY	6	Unilever Supply Chain, Inc. (Unilever United States, Inc.)	1975/1979/1995	443,380		524
2021	5/31/2021	477 Distribution Pkwy.	Collierville	TN	—	Federal Express Corporation / FedEx Techconnect, Inc.	1984/1987/2005/2012	126,213		217
	9/30/2021	3820 Micro Dr.	Millington	TN	—	Ingram Micro L.P. (Ingram Micro Inc.)	1997	701,819		821
	10/25/2021	6938 Elm Valley Dr.	Kalamazoo	MI	3	Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited)	1999/2004	150,945		1,014
	11/30/2021	2880 Kenny Biggs Rd.	Lumberton	NC	—	Quickie Manufacturing Corporation	1998/2001/2006	423,280		656
2022	3/31/2022	5417 Campus Drive	Shreveport	LA	—	The Tire Rack, Inc.	2012	257,849		11
N/A	Vacant	3350 Miac Cove Rd.	Memphis	TN	—	(Available for Lease)	1987	32,679		0
INDUSTRIAL TOTAL/WEIGHTED AVERAGE						99.8% Leased		15,823,851	$	29,298

6

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012

Year of Lease Expiration	Date of Lease  Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded	Sq.Ft.  Leased or  Available (1)		Cash  Rent  as of  6/30/2012 ($000) (2)
RETAIL/SPECIALTY PROPERTIES
2012	11/30/2012	101 West Buckingham Rd.	Garland	TX	21	AVT Grocery, Inc.	1982	59,300		163
2013	2/28/2013	S. Carolina 52/52 Bypass	Moncks Corner	SC	—	Food Lion, LLC / Delhaize America, Inc.	1982	23,000		31
		US 221 & Hospital Rd.	Jefferson	NC	—	Food Lion, LLC / Delhaize America, Inc.	1981	23,000		36
	7/1/2013	1053 Mineral Springs Rd.	Paris	TN	—	The Kroger Co.	1982	31,170		79
	10/31/2013	1084 East Second St.	Franklin	OH	—	Marsh Supermarkets, Inc. / Crystal Food Services, LLC	1961/1978	29,119		56
		130 Midland Ave.	Port Chester	NY	—	Pathmark Stores, Inc.	1982	59,000		206
		5104 North Franklin Rd.	Lawrence	IN	—	Marsh Supermarkets, Inc. / Marsh Supermarkets, LLC	1958	28,721		97
2014	3/31/2014	N.E.C. 45th St./Lee Blvd.	Lawton	OK	—	Associated Wholesale Grocers, Inc. / Safeway, Inc.	1984	30,757		93
2015	1/31/2015	1700 State Route 160	Port Orchard	WA	—	Moran Foods, Inc. d/b/a Save-A-Lot, Ltd.	1983	16,037		41
	5/31/2015	24th St. West & St. John’s Ave.	Billings	MT	—	Safeway,  Inc.	1981	40,800		93
2016	5/31/2016	12535 Southeast 82nd Ave.	Clackamas	OR	—	Toys "R" Us-Delaware, Inc. / Toys "R" Us, Inc.  / TRU 2005 RE I, LLC	1981	42,842		153
		18601 Alderwood Mall Blvd.	Lynnwood	WA	—	Toys "R" Us-Delaware, Inc. / Toys "R" Us, Inc.  / TRU 2005 RE I, LLC	1981/1993	43,105		141
		4811 Wesley St.	Greenville	TX	—	Brookshire Grocery Company / Safeway, Inc.	1985	48,492		85
		6910 South Memorial Hwy.	Tulsa	OK	—	Toys “R” Us, Inc. / Toys "R" Us-Delaware, Inc.	1981	43,123		128
2017	3/31/2017	1610 South Westmoreland Ave.	Dallas	TX	—	Malone’s Food Stores, Ltd.	1960	70,910		180
	6/30/2017	1600 East 23rd St.	Chattanooga	TN	—	BI-LO, LLC	1983	42,130		67
	11/30/2017	205 Homer Rd.	Minden	LA	—	Brookshire Grocery Company (Safeway Stores, Inc.)	1981	35,000		96
	12/31/2017	11411 North Kelly Ave.	Oklahoma City	OK	3	American Golf Corporation	1991/1996	13,924		237
2018	2/26/2018	399 Peachwood Centre Dr.	Spartanburg	SC	—	Best Buy Co., Inc.	1996	45,800		197
		4831 Whipple Ave., Northwest	Canton	OH	—	Best Buy Co., Inc.	1995	46,350		232
	2/28/2018	291 Talbert Blvd.	Lexington	NC	—	Food Lion, LLC / Delhaize America, Inc.	1981	23,000		69
		3211 West Beverly St.	Staunton	VA	—	Food Lion, LLC / Delhaize America, Inc.	1971	23,000		83
	9/30/2018	835 Julian Ave.	Thomasville	NC	—	Mighty Dollar, LLC	1983	23,767		36
	10/31/2018	10340 U.S. 19	Port Richey	FL	—	Kingswere Furniture, LLC	1980	53,820		173
	12/31/2018	1150 West Carl Sandburg Dr.	Galesburg	IL	—	Kmart Corporation	1992	94,970		21
		12080 Carmel Mountain Rd.	San Diego	CA	—	Kmart Corporation	1993	107,210		24
		21082 Pioneer Plaza Dr.	Watertown	NY	—	Kmart Corporation	1993	120,727		36
		255 Northgate Dr.	Manteca	CA	—	Kmart Corporation	1993	107,489		38
		5350 Leavitt Rd.	Lorain	OH	—	Kmart Corporation	1993	193,193		55
		97 Seneca Trail	Fairlea	WV	—	Kmart Corporation	1993/1999	90,933		25
N/A	Vacant	10415 Grande Ave.	Sun City	AZ	18	(Available for Lease)	1982	10,000		69
		1700 State Route 160	Port Orchard	WA	—	(Available for Lease)	1983	11,931		0
		3451 Alta Mesa Blvd.	Fort Worth	TX	18	(Available for Lease)	1985	44,000		127
RETAIL TOTAL/WEIGHTED AVERAGE						96.1% Leased		1,676,620	$	3,167

7

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Long-Term Leases- Consolidated Portfolio - 6/30/2012

Year of Lease Expiration	Date of Lease  Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Property Type	Year Acquired/ Built/ Renovated/ Expanded	Sq.Ft.  Leased or Available (1)		Cash  Rent  as of  6/30/2012 ($000) (2)
LONG-TERM LEASE PROPERTIES
2022	7/31/2022	1440 East 15th Street	Tucson	AZ	3	CoxCom, LLC	Office	1988	28,591		273
	11/30/2022	4201 Marsh Ln.	Carrollton	TX	—	Carlson Restaurants Inc. (Carlson, Inc.)	Office	2003	130,000		963
	12/31/2022	147 Milk St.	Boston	MA	—	Harvard Vanguard Medical Associates, Inc.	Office	1910	52,337		766
2023	2/28/2023	2211 South 47th St.	Phoenix	AZ	—	Avnet, Inc.	Office	1997	176,402		1,204
	3/31/2023	6555 Sierra Dr.	Irving	TX	—	TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC)	Office	1999	247,254		1,524
		8900 Freeport Pkwy.	Irving	TX	—	Nissan Motor Acceptance Corporation (Nissan North America, Inc.)	Office	2003	225,049		1,519
2024	2/14/2024	1362 Celebration Blvd.	Florence	SC	—	MED3000, Inc.	Office	2012	32,000		193
	10/31/2024	6277 Sea Harbor Dr.	Orlando	FL	—	Wyndham Vacation Ownership, Inc. (Wyndham Worldwide Corporation)	Office	1984	259,401		0
2025	6/30/2025	10000 Business Blvd.	Dry Ridge	KY	—	Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	1988/1999	336,350		673
		301 Bill Bryan Rd.	Hopkinsville	KY	—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	1987/1999/2000/2006	424,904		844
		37101 Corporate Dr.	Farmington Hills	MI	—	Panasonic Automotive Systems Company of America, a Division of Panasonic Corporation of North America	Office	2001	90,460		0
		4010 Airpark Dr.	Owensboro	KY	—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	1998/2001	211,598		604
		730 North Black Branch Rd.	Elizabethtown	KY	—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	2001	167,770		268
		750 North Black Branch Rd.	Elizabethtown	KY	—	Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)	Industrial	1995/2000/2001	539,592		1,419
	7/14/2025	590 Ecology Ln.	Chester	SC	3	Owens Corning Sales, LLC	Industrial	2001/2005	420,597		1,093
	7/31/2025	7005 Cochran Rd.	Glenwillow	OH	—	Royal Appliance Mfg. Co.	Industrial	1997	458,000		972
	11/30/2025	11707 Miracle Hills Dr.	Omaha	NE	—	Infocrossing, Inc.	Office	1989/1995	85,200		583
	12/31/2025	2005 East Technology Cir.	Tempe	AZ	—	Infocrossing, Inc.	Office	1998	60,000		564
2026	3/30/2026	121 Technology Dr.	Durham	NH	15	Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation)	Industrial	1986/2002/2003	500,500		2,140
	3/31/2026	459 Wingo Road	Byhalia	MS	—	Asics America Corporation (Asics Corporation)	Industrial	2011	513,734		1,284
	6/30/2026	351 Chamber Drive	Chillicothe	OH	—	The Kitchen Collection, Inc.	Industrial	1995/1998	475,218		504
	8/31/2026	25500 State Hwy. 249	Tomball	TX	3	Parkway Chevrolet, Inc. (Raymond Durdin & Jean W. Durdin)	Specialty	2005	77,076		676
	10/31/2026	5001 Greenwood Rd.	Shreveport	LA	—	Libbey Glass Inc. (Libbey Inc.)	Industrial	2006	646,000		1,009
	11/30/2026	250 Rittenhouse Cir.	Bristol	PA	—	Northtec LLC (The Estée Lauder Companies Inc.)	Industrial	1983/1997	241,977		514
		500 Kinetic Drive	Huntington	WV	—	AMZN WVCS LLC (Amazon.com, Inc.)	Office	2011	68,693		572
	12/29/2026	5500 New Albany Road	Columbus	OH	—	Evans, Mechwart, Hambleton & Tilton, Inc.	Office	2005	104,807		760
2027	4/30/2027	2424 Alpine Rd.	Eau Claire	WI	3	Silver Spring Foods, Inc. (Huntsinger Farms, Inc.)	Industrial	1993/2004	159,000		500
	7/6/2027	2221 Schrock Road	Columbus	OH	—	MS Consultants, Inc.	Office	1999/2006	42,290		280
	10/31/2027	11201 Renner Blvd.	Lenexa	KS	18	United States of America	Office	2007	169,585		1,531
2028	8/31/2028	9803 Edmonds Way	Edmonds	WA	—	Pudget Consumers Co-op d/b/a PCC Natural Markets	Retail	1981	35,459		301
2029	1/31/2029	6226 West Sahara Ave.	Las Vegas	NV	—	Nevada Power Company	Office	1983/1994	282,000		4,035
	12/31/2029	400 East Stone Ave.	Greenville	SC	9	Canal Insurance Company	Office	1948/1981/1982/1986/1991/2006/2008	128,041		472
2031	5/31/2031	671 Washburn Switch Rd.	Shelby	NC	—	Clearwater Paper Corporation	Industrial	2011	673,518		1,073
2032	4/30/2032	13930 Pike Road	Missouri City	TX	—	Vulcan Construction Materials, LP (Vulcan Materials Company)	Industrial	N/A	0		345
N/A	Vacant	37101 Corporate Dr.	Farmington Hills	MI	—	(Available for Lease)	Office	2001	38,369		0
		6277 Sea Harbor Dr.	Orlando	FL	—	(Available for Lease)	Office	1984	100,113		0
		8900 Freeport Pkwy.	Irving	TX	—	(Available for Lease)	Office	2003	43,396		0
LONG-TERM LEASES TOTAL/WEIGHTED AVERAGE						97.8% Leased			8,245,281	$	29,458

8

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012

Year of Lease Expiration	Date of Lease Expiration	Property Location	City	State	Note	Primary Tenant (Guarantor)	Year Acquired/ Built/ Renovated/ Expanded	Gross Book Value ($000) (10)	Sq.Ft.	Percentage Leased		Cash Rent as of 6/30/2012 ($000) (2)			Debt  Balance  ($000)
MULTI-TENANT PROPERTIES (14)
Various	Various	10 John St.	Clinton	CT	6	Multi-Tenant	1972	0	41,188	0	%		0		0
		100 Light St.	Baltimore	MD	13	Multi-Tenant	1973/2009	244,692	476,459	95	%		6,077		55,000
		140 East Shore Dr.	Glen Allen	VA	—	Multi-Tenant	2000	13,481	79,675	72	%		511		19,085
		13430 North Black Canyon Fwy.	Phoenix	AZ	11	Multi-Tenant	1981/1982/2005/2007/2009	16,723	138,940	100	%		1,322		0
		207 Mockingbird Ln.	Johnson City	TN	—	Multi-Tenant	1979	11,745	60,684	50	%		306		0
		2300 Litton Ln.	Hebron	KY	11	Multi-Tenant	1986/1996	9,789	80,441	100	%		250		0
		4200 Northcorp Pkway	Palm Beach Gardens	FL	11	Multi-Tenant	1996	15,204	95,065	20	%		25		0
		6050 Dana Way	Antioch	TN	—	Multi-Tenant	1999	14,953	672,629	62	%		694		0
		King St./1032 Fort St. Mall	Honolulu	HI	11 / 13	Multi-Tenant	1979/2002	47,192	318,451	93	%		1,188		0
		265 Lehigh St.	Allentown	PA	3	Multi-Tenant	1980	1,851	71,230	31	%		62		0
		17191 St. Luke's Way	The Woodlands	TX	3 /18	Multi-Tenant	2004	9,039	41,000	33	%		399		7,445
		1275 Northwest 128th St.	Clive	IA	18	Multi-Tenant	2004	10,599	61,180	0	%		67		5,385
MULTI-TENANT TOTAL/WEIGHTED AVERAGE						71.5% Leased			2,136,942			$	10,901	$	86,915
TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE						97.7% Leased			41,438,029			$	178,607

Footnotes

1 Square foot leased or vacant.

2 Six months ended 6/30/2012 cash rent.

3 Net Lease Strategic Assets Fund L.P. property.

4 Lexington has an 80.5% interest in this property.

5 Current lease for 84,200 square feet expires 08/2012, however, lease extended to 01/2018 for 57,769 square feet.

6 Lexington has a 71.1% interest in this property.

7 CEVA Logistics U.S., Inc. lease expires 08/2012; however, new tenant (Michelin North America, Inc.) lease expires 01/31/2015.

8 IBM lease expires 05/2013, however, new tenant (Problem Solved, LLC) leases 16,000 sf through 05/2014.

9 Property is classified as a capital lease for GAAP, accordingly $495 income is included in non-operating income.

10 Represents GAAP capitalized costs.

11 Property is collateral for secured credit facility and term loan.

12 Subsequent to 6/30/2012, lease extended to 12/31/2021.

13 Includes parking operations.

14 The multi-tenanted properties incurred approximately $5.4 million in operating expenses, net for the six months ended 6/30/2012.

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

16 Subsequent to 6/30/2012, lease extended to 12/14/2023.

17 Lexington has an 87.1% interest in this property and sold its interest for $13.2 million subsequent to 6/30/2012.

18 Cash and GAAP rent amounts represent/include prior tenant.

19 Subsequent to 6/30/2012, lease extended to 06/2018.

20 Tenant lease expires 6/30/2013; however, new tenant (DuPont Airproducts Nanomaterials, LLC) lease expires 6/30/2022.

21 Subsequent to 6/30/2012, lease terminated effective 7/6/2012.

9

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Lease Rollover Schedule by Property Type - Cash Basis (2)

6/30/2012

	Office						Industrial						Retail/Specialty
Year	Net Rentable Area		Cash Rent as of 6/30/2012 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 6/30/2012 ($000)		Annual Rent PSF		Net Rentable Area		Cash Rent as of 6/30/2012 ($000)		Annual Rent PSF
2012		365,533	$	2,954	$	16.16		308,710	$	346	$	2.24		59,300	$	163	$	5.50
2013		1,163,968	$	7,726	$	13.28		1,526,598	$	2,150	$	2.82		194,010	$	505	$	5.21
2014		2,596,274	$	23,154	$	16.58		927,014	$	1,107	$	2.39		30,757	$	93	$	6.05
2015		2,088,179	$	19,883	$	14.65		2,653,440	$	5,544	$	4.14		56,837	$	134	$	4.72
2016		1,017,000	$	6,141	$	12.08		2,255,478	$	4,525	$	4.01		177,562	$	507	$	5.71
2017		657,445	$	4,504	$	13.70		2,347,944	$	5,671	$	4.83		161,964	$	580	$	7.16
2018		1,471,075	$	10,421	$	14.17		1,240,791	$	1,535	$	2.47		930,259	$	989	$	3.86
2019		2,453,398	$	16,235	$	13.23		1,621,875	$	2,027	$	2.50		-	$	-	$	-
2020		670,640	$	5,185	$	15.46		1,249,216	$	3,674	$	5.88		-	$	-	$	-
2021		805,745	$	6,586	$	16.35		1,402,257	$	2,708	$	3.86		-	$	-	$	-
2022 - Q1 & Q2		195,145	$	1,745	$	17.88		257,849	$	11	$	4.83		-	$	-	$	-
Thereafter		2,182,110	$	15,239	$	14.05		5,768,758	$	13,242	$	4.50		112,535	$	977	$	17.36
Total/Weighted Average (1)		15,666,512	$	119,773	$	14.51		21,559,930	$	42,540	$	3.97		1,723,224	$	3,948	$	5.52

Footnotes

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

(2)   Rents shown are historical cash amounts for the six months ended June 30, 2012, and include the properties of Net Lease Strategic Assets Fund.

10

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Lease Rollover Schedule - Cash Basis (2)

6/30/2012

Year	Leases		Rent as of		Cash Base Rent
2012		8	$	3,463		2.1	%
2013		22	$	10,381		6.2	%
2014		32	$	24,354		14.6	%
2015		24	$	25,561		15.4	%
2016		18	$	11,173		6.7	%
2017		16	$	10,755		6.5	%
2018		25	$	12,945		7.8	%
2019		14	$	18,262		11.0	%
2020		11	$	8,859		5.3	%
2021		9	$	9,294		5.6	%
2022 - Q1 & Q2		3	$	1,756		1.1	%
Thereafter		34	$	29,458		17.7	%
Total (1)		216	$	166,261		100.0	%

Footnotes

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

(2) Rents shown are historical cash amounts for the six months ended June 30, 2012, and include the properties of Net Lease Strategic Assets Fund.

11

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Debt Maturity Schedule

6/30/2012

($000)

Consolidated Properties
Year	Real Estate Scheduled  Amortization (2)		Real Estate Balloon Payments (2)		Corporate Debt (2)
2012	$	10,896	$	69,990	$	-
2013	$	34,973	$	251,577	$	-
2014	$	30,380	$	256,140	$	57,450
2015	$	20,832	$	302,575	$	35,000	(1)
2016	$	12,720	$	148,546	$	-
	$	109,801	$	1,028,828	$	92,450

Non-Consolidated Investments - LXP Proportionate Share
Year	Real Estate Scheduled  Amortization		Real Estate Balloon Payments
2012	$	618	$	-
2013	$	1,327	$	-
2014	$	1,458	$	-
2015	$	1,535	$	5,469
2016	$	1,402	$	-
	$	6,340	$	5,469

Footnotes

(1) Maturity date can be extended to 01/2016 at Lexington's option.

(2) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.

12

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma 2012 Mortgage Maturities by Property Type (2)

6/30/2012

	Property Location		City		State		Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2012 ($000)
Office		37101 Corporate Dr.		Farmington Hills		MI		128,829	$	17,724		09/2012		06/2025	$	12,968	$	-
		4455 American Way		Baton Rouge		LA		70,100	$	5,943		10/2012		10/2012	$	13,868	$	591
		1110 Bayfield Dr.		Colorado Springs		CO		166,575	$	10,272		12/2012		11/2013	$	19,579	$	815
Industrial		19500 Bulverde Rd. (3)		San Antonio		TX		559,258	$	26,025		10/2012		03/2016	$	41,882	$	1,832
		43955 Plymouth Oaks Blvd.		Plymouth		MI		290,133	$	10,026		12/2012		10/2017	$	19,161	$	943
		Total 2012 Mortgage Maturities						1,214,895	$	69,990					$	107,458	$	4,181

Footnotes

(1) Represents historical capitalized costs as of June 30, 2012.

(2) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.

(3) Mortgage satisfied subsequent to June 30, 2012.

13

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma 2013 Mortgage Maturities by Property Type (2)

6/30/2012

	Property Location		City		State		Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2012 ($000)
Office		3476 Stateview Blvd.		Fort Mill		SC		169,083	$	9,904		01/2013		05/2014	$	18,095	$	1,343
		70 Mechanic St.		Foxboro		MA		251,914	$	-		01/2013		06/2014	$	38,217	$	3,256
		9201 East Dry Creek Rd.		Centennial		CO		128,500	$	13,555		02/2013		09/2017	$	26,922	$	1,163
		12600 Gateway Blvd.		Fort Meyers		FL		62,400	$	8,550		05/2013		01/2013	$	13,561	$	579
		8555 South River Pkwy.		Tempe		AZ		95,133	$	12,144		05/2013		06/2022	$	24,068	$	1,177
		200 Executive Blvd. South		Southington		CT		153,364	$	12,228		05/2013		12/2012	$	26,737	$	840
		275 South Valencia Ave.		Brea		CA		637,503	$	73,071		05/2013		06/2019	$	118,929	$	4,355
		5757 Decatur Blvd.		Indianapolis		IN		89,956	$	8,580		05/2013		2012/2018	$	15,299	$	710
		810 & 820 Gears Rd.		Houston		TX		157,790	$	15,737		05/2013		01/2013	$	26,829	$	1,148
		8900 Freeport Pkwy.		Irving		TX		268,445	$	36,466		05/2013		03/2023	$	60,297	$	1,519
		6303 Barfield Rd./859 Mount Vernon Hwy.		Atlanta		GA		289,000	$	40,356		05/2013		Various	$	76,766	$	3,177
		2401 Cherahala Blvd.		Knoxville		TN		59,748	$	4,496		09/2013		05/2013	$	12,460	$	450
		2211 South 47th St.		Phoenix		AZ		176,402	$	16,490		09/2013		02/2023	$	24,631	$	1,204
		Total 2013 Mortgage Maturities						2,539,238	$	251,577					$	482,811	$	20,921

Footnotes

(1) Represents historical capitalized costs as of June 30, 2012.

(2) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.

14

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma 2014 Mortgage Maturities by Property Type (3)

6/30/2012

	Property Location		City		State		Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2012 ($000)
Office &		33 Commercial St.		Foxboro		MA		164,689	$	-		01/2014		07/2015	$	29,238	$	3,025
Multi-Tenant		1401 & 1501 Nolan Ryan Pkwy.		Arlington		TX		236,547	$	18,588		02/2014		01/2014	$	34,809	$	1,362
		2999 Southwest 6th St.		Redmond		OR		77,484	$	8,484		04/2014		01/2019	$	22,135	$	771
		1275 Northwest 128th St.		Clive		IA		61,180	$	5,151		05/2014		Vacant	$	10,599	$	67
		3480 Stateview Blvd.		Fort Mill		SC		169,218	$	18,311		05/2014		05/2014	$	29,174	$	1,821
		1701 Market St. (2)		Philadelphia		PA		304,037	$	43,520		07/2014		Various	$	72,728	$	3,614
		10300 Kincaid Dr.		Fishers		IN		193,000	$	10,466		08/2014		01/2020	$	28,323	$	1,689
		3965 Airways Blvd.		Memphis		TN		521,286	$	47,270		09/2014		06/2019	$	116,410	$	3,426
		500 Jackson St.		Columbus		IN		390,100	$	26,399		09/2014		07/2019	$	53,821	$	2,213
		6226 West Sahara Ave.		Las Vegas		NV		282,000	$	32,118		09/2014		01/2029	$	64,735	$	4,035
		22011 Southeast 51st St./5150 220th Ave.		Issaquah		WA		202,544	$	30,388		12/2014		12/2014	$	51,306	$	2,261
		275 Technology Dr.		Canonsburg		PA		107,872	$	9,095		12/2014		12/2014	$	15,739	$	715
Industrial		2415 US Hwy. 78 East		Moody		AL		595,346	$	6,350		01/2014		01/2014	$	11,575	$	527
		Total 2014 Mortgage Maturities						3,305,303	$	256,140					$	540,592	$	25,526

Footnotes

(1) Represents historical capitalized costs as of June 30, 2012.

(2) Lexington has an 80.5% interest in the property and amounts include parking operations.

(3) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.

15

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma 2015 Mortgage Maturities by Property Type (3)

6/30/2012

	Property Location		City		State		Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2012 ($000)
Office &		101 East Erie St.		Chicago		IL		230,704	$	29,900		01/2015		03/2014	$	56,548	$	2,066
Multi-Tenant		400 East Stone Ave. (2)		Greenville		SC		128,041	$	9,000		01/2015		12/2029	$	10,662	$	472
		4201 Marsh Ln.		Carrollton		TX		130,000	$	12,022		01/2015		11/2022	$	22,146	$	963
		13775 McLearen Rd.		Herndon		VA		125,293	$	10,359		04/2015		04/2015	$	25,443	$	1,109
		10475 Crosspoint Blvd.		Indianapolis		IN		141,047	$	11,205		05/2015		10/2019	$	22,506	$	1,113
		100, 120, 140 East Shore Dr.		Glen Allen		VA		224,838	$	18,321		05/2015		Various	$	38,044	$	1,372
		1311 Broadfield Blvd.		Houston		TX		155,040	$	14,431		05/2015		03/2021	$	29,999	$	1,163
		1409 Centerpoint Blvd.		Knoxville		TN		84,404	$	6,658		05/2015		10/2014	$	12,604	$	856
		2550 Interstate Dr.		Harrisburg		PA		81,859	$	7,792		05/2015		12/2013	$	15,255	$	972
		2706 Media Center Dr.		Los Angeles		CA		83,252	$	9,760		05/2015		Various	$	18,070	$	881
		2800 Waterford Lake Dr.		Midlothian		VA		99,057	$	9,055		05/2015		10/2014	$	15,844	$	1,066
		333 Mt. Hope Ave.		Rockaway		NJ		95,500	$	14,900		05/2015		09/2014	$	29,295	$	1,122
		4000 Johns Creek Pkwy.		Suwanee		GA		87,219	$	10,502		05/2015		09/2012	$	4,203	$	724
		6200 Northwest Pkwy.		San Antonio		TX		142,500	$	11,167		05/2015		11/2017	$	20,813	$	891
		16676 Northchase Dr.		Houston		TX		101,111	$	11,282		05/2015		07/2014	$	19,369	$	835
		2500 Patrick Henry Pkwy.		McDonough		GA		111,911	$	11,349		06/2015		06/2015	$	19,508	$	771
		3711 San Gabriel		Mission		TX		75,016	$	5,371		06/2015		06/2015	$	13,610	$	525
		4001 International Pkwy.		Carrollton		TX		138,443	$	18,710		07/2015		07/2015	$	30,859	$	1,603
		2529 West Thorne Dr.		Houston		TX		65,500	$	2,203		09/2015		09/2015	$	12,242	$	479
		12645 West Airport Rd.		Sugar Land		TX		165,836	$	6,286		09/2015		09/2015	$	19,436	$	1,719
		10001 Richmond Ave.		Houston		TX		554,385	$	18,161		09/2015		09/2015	$	73,343	$	6,775
Industrial		324 Industrial Park Rd.		Franklin		NC		72,868	$	-		04/2015		12/2014	$	4,973	$	228
		6938 Elm Valley Dr.		Kalamazoo		MI		150,945	$	15,087		05/2015		10/2021	$	26,129	$	1,014
		10000 Business Blvd.		Dry Ridge		KY		336,350	$	4,463		07/2015		06/2025	$	15,227	$	673
		301 Bill Bryan Rd.		Hopkinsville		KY		424,904	$	7,846		07/2015		06/2025	$	19,066	$	844
		4010 Airpark Dr.		Owensboro		KY		211,598	$	3,917		07/2015		06/2025	$	13,598	$	604
		730 North Black Branch Rd.		Elizabethtown		KY		167,770	$	2,527		07/2015		06/2025	$	6,055	$	268
		750 North Black Branch Rd.		Elizabethtown		KY		539,592	$	13,376		07/2015		06/2025	$	32,222	$	1,419
		9110 Grogans Mill Rd.		The Woodlands		TX		275,750	$	6,925		09/2015		09/2015	$	43,885	$	1,738
		Total 2015 Mortgage Maturities						5,200,733	$	302,575					$	670,954	$	34,265

Footnotes

(1) Represents historical capitalized costs as of June 30, 2012.

(2) Property is classified as a capital lease for GAAP, accordingly $495 of GAAP income is included in non-operating income.

(3) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.

16

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma 2016 Mortgage Maturities by Property Type (2)

6/30/2012

	Property Location		City		State		Net Rentable Area		Mortgage Balance at Maturity ($000)		Maturity Date		Tenant Lease Expires		Gross Book Value ($000) (1)		Cash Rent as of 6/30/2012 ($000)
Office		1600 Eberhardt Rd.		Temple		TX		108,800	$	7,446		01/2016		01/2016	$	19,846	$	837
		700 US Hwy. Route 202-206		Bridgewater		NJ		115,558	$	13,825		03/2016		10/2014	$	31,657	$	1,017
		11707 Miracle Hills Dr		Omaha		NE		85,200	$	7,560		04/2016		11/2025	$	13,853	$	583
		1400 Northeast McWilliams Rd.		Bremerton		WA		60,200	$	5,465		04/2016		07/2016	$	15,501	$	608
		2005 East Technology Circle		Tempe		AZ		60,000	$	7,140		04/2016		12/2025	$	12,199	$	564
		850-950 Warrenville Rd		Lisle		IL		99,414	$	9,377		06/2016		2014/2019	$	17,388	$	770
		11511 Luna Rd		Farmers Branch		TX		180,507	$	18,363		07/2016		04/2016	$	29,984	$	1,154
		180 South Clinton St		Rochester		NY		226,000	$	16,765		08/2016		12/2014	$	30,830	$	1,478
Industrial		459 Wingo Road		Byhalia		MS		513,734	$	15,000		06/2016		03/2026	$	27,492	$	1,284
		2203 Sherrill Dr		Statesville		NC		639,800	$	12,574		08/2016		05/2013	$	21,266	$	894
		3686 S. Central Ave. / 749 Southrock Dr		Rockford		IL		240,000	$	6,153		08/2016		2014/2015	$	10,919	$	440
		2935 Van Vactor Dr.		Plymouth		IN		300,500	$	5,723		09/2016		06/2015	$	8,903	$	406
		7005 Cochran Road		Glenwillow		OH		458,000	$	15,132		09/2016		07/2025	$	28,665	$	972
		25500 State Hwy. 249		Tomball		TX		77,076	$	8,023		11/2016		08/2026	$	14,577	$	676
		Total 2016 Mortgage Maturities						3,164,789	$	148,546					$	283,080	$	11,683

Footnotes

(1) Represents historical capitalized cost at June 30, 2012.

(2) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.

17

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Consolidated Properties: Mortgages and Notes Payable

6/30/2012

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)	Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Farmington Hills, MI	(b)(q)	$	17,802		5.723	%	09/2012	$	333	$	17,724
Baton Rouge, LA	(b)		5,987		5.333	%	10/2012		135		5,943
San Antonio, TX	(p)		26,128		6.080	%	10/2012		508		26,025
Plymouth, MI	(b)		10,202		5.964	%	12/2012		480		10,026
Colorado Springs, CO	(b)		10,378		5.996	%	12/2012		423		10,272
Fort Mill, SC			9,999		6.000	%	01/2013		401		9,904
Foxboro, MA			2,578		7.670	%	01/2013		2,776		-
Centennial, CO	(b)(h)(p)		13,785		5.724	%	02/2013		756		13,555
Tempe, AZ			12,335		5.148	%	05/2013		723		12,144
Brea, CA	(b)		73,976		5.734	%	05/2013		4,792		73,071
Atlanta, GA			41,047		5.268	%	05/2013		2,680		40,356
Irving, TX	(b)		37,020		5.452	%	05/2013		2,416		36,466
Houston, TX			16,009		5.218	%	05/2013		1,040		15,737
Southington, CT			12,446		5.018	%	05/2013		792		12,228
Indianapolis, IN			8,729		5.168	%	05/2013		564		8,580
Fort Meyers, FL			8,660		5.268	%	05/2013		531		8,550
Phoenix, AZ			17,005		6.270	%	09/2013		1,527		16,490
Knoxville, TN			4,611		5.950	%	09/2013		381		4,496
Foxboro, MA	(b)		5,791		6.000	%	01/2014		3,399		-
Moody, AL			6,599		4.978	%	01/2014		493		6,350
Arlington, TX			19,272		5.810	%	02/2014		1,551		18,588
Redmond, OR			8,840		5.616	%	04/2014		697		8,484
Clive, IA	(r)		5,385		5.139	%	05/2014		387		5,151
Fort Mill, SC			18,939		5.373	%	05/2014		1,364		18,311
Philadelphia, PA	(e)		45,314		5.060	%	07/2014		3,178		43,520
Fishers, IN			10,981		6.375	%	08/2014		932		10,466
Columbus, IN	(i)		25,831		6.150	%	09/2014		1,611		25,831
Las Vegas, NV	(i)		31,428		6.150	%	09/2014		1,960		31,427
Memphis, TN	(i)		46,253		6.150	%	09/2014		2,884		46,253
Columbus, IN	(i)		591		7.500	%	09/2014		54		568
Las Vegas, NV	(i)		719		7.500	%	09/2014		66		691
Memphis, TN	(i)		1,058		7.500	%	09/2014		97		1,017
Issaquah, WA	(b)		31,213		5.665	%	12/2014		2,113		30,388
Canonsburg, PA	(b)		9,085		5.426	%	12/2014		489		9,095
Chicago, IL	(b)		29,513		5.639	%	01/2015		1,548		29,900
Greenville, SC			9,000		5.500	%	01/2015		495		9,000
Carrollton, TX			12,786		5.530	%	01/2015		993		12,022
Herndon, VA	(b)		11,024		5.885	%	04/2015		888		10,359
Franklin, NC			661		8.500	%	04/2015		271		-
Kalamazoo, MI			16,033		5.411	%	05/2015		1,189		15,087
Glen Allen, VA	(b)		19,085		5.377	%	05/2015		1,292		18,321
Houston, TX			15,374		5.160	%	05/2015		1,114		14,431
Rockaway, NJ			14,900		5.292	%	05/2015		799		14,900
Houston, TX			12,014		5.210	%	05/2015		874		11,282
Indianapolis, IN			11,937		5.160	%	05/2015		865		11,205

18

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Consolidated Properties: Mortgages and Notes Payable

6/30/2012

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)	Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
San Antonio, TX			11,875		5.340	%	05/2015		875		11,167
Suwanee, GA			11,004		5.260	%	05/2015		751		10,502
Los Angeles, CA			10,386		5.110	%	05/2015		750		9,760
Richmond, VA			9,632		5.310	%	05/2015		708		9,055
Harrisburg, PA			8,305		5.110	%	05/2015		599		7,792
Knoxville, TN			7,083		5.310	%	05/2015		520		6,658
McDonough, GA			11,986		5.212	%	06/2015		836		11,349
Mission, TX			5,764		5.783	%	06/2015		462		5,371
Carrollton, TX	(b)		19,518		5.725	%	07/2015		1,382		18,710
Elizabethtown, KY	(j)		14,349		4.990	%	07/2015		1,046		13,376
Hopkinsville, KY			8,417		4.990	%	07/2015		614		7,846
Dry Ridge, KY	(n)		4,787		4.990	%	07/2015		349		4,463
Owensboro, KY	(n)		4,202		4.990	%	07/2015		306		3,917
Elizabethtown, KY	(j)		2,711		4.990	%	07/2015		198		2,527
Houston, TX	(b)		36,072		6.250	%	09/2015		8,385		18,161
Sugar Land, TX	(b)		9,459		6.250	%	09/2015		2,139		6,286
The Woodlands, TX			13,895		8.036	%	09/2015		3,445		6,925
Houston, TX			4,076		8.036	%	09/2015		950		2,203
Temple, TX			8,101		6.090	%	01/2016		668		7,446
Bridgewater, NJ			14,584		5.732	%	03/2016		1,035		13,825
Omaha, NE			8,189		5.610	%	04/2016		621		7,560
Bremerton, WA			5,987		6.090	%	04/2016		494		5,465
Tempe, AZ			7,734		5.610	%	04/2016		586		7,140
Byhalia, MS			15,000		4.710	%	06/2016		707		15,000
Lisle, IL			9,978		6.500	%	06/2016		793		9,377
Farmers Branch, TX	(b)		18,471		5.939	%	07/2016		1,136		18,363
Rochester, NY	(f)		17,940		6.210	%	08/2016		1,383		16,765
Statesville, NC	(f)		13,455		6.210	%	08/2016		1,037		12,574
Rockford, IL	(f)		6,585		6.210	%	08/2016		508		6,153
Glenwillow, OH			16,207		6.130	%	09/2016		1,240		15,132
Plymouth, IN			6,188		6.315	%	09/2016		497		5,723
Tomball, TX			8,728		6.063	%	11/2016		683		8,023
Memphis, TN			3,770		5.710	%	01/2017		275		3,484
Huntington, WV			6,500		4.150	%	02/2017		270		6,500
Orlando, FL			9,924		5.722	%	02/2017		696		9,309
Dubuque, IA			9,823		5.402	%	06/2017		733		8,725
Shreveport, LA			19,000		5.690	%	07/2017		1,096		19,000
McDonough, GA			23,000		6.110	%	11/2017		1,514		21,651
Lorain, OH	(b)		1,232		7.750	%	07/2018		108		-
Manteca, CA	(b)		870		7.750	%	07/2018		77		-
Watertown, NY	(b)		818		7.750	%	07/2018		72		-
Lewisburg, WV	(b)		575		7.750	%	07/2018		51		-
San Diego, CA	(b)		555		7.750	%	07/2018		49		-
Galesburg, IL	(b)		488		7.750	%	07/2018		43		-
Erwin, NY			8,361		5.910	%	10/2018		728		6,624
Boston, MA			13,075		6.100	%	12/2018		996		11,520
North Berwick, ME			9,282		3.560	%	04/2019		1,532		-

19

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Consolidated Properties: Mortgages and Notes Payable

6/30/2012

Property	Footnotes	Debt Balance ($000)		Interest Rate (%)			Maturity (a)	Current Estimated Annual Debt Service ($000) (d)		Balloon Payment ($000)
Overland Park, KS	(b)		36,036		5.891	%	05/2019		2,657		31,867
Kansas City, MO	(b)		17,208		5.883	%	05/2019		1,268		15,182
Meridian, ID			9,303		6.010	%	08/2019		753		7,658
Streetsboro, OH	(b)		18,626		5.749	%	09/2019		1,344		16,338
The Woodlands, TX	(r)		7,445		6.507	%	11/2019		563		6,692
Lenexa, KS			9,414		6.270	%	12/2019		774		7,755
Boca Raton, FL			20,400		6.470	%	02/2020		1,542		18,383
Oakland, ME			9,519		5.930	%	10/2020		750		7,660
Lavonia, GA			8,658		5.460	%	12/2020		741		5,895
Wall, NJ	(b)		24,594		6.250	%	01/2021		3,312		-
Sugar Land, TX			9,014		5.640	%	01/2021		692		7,018
Charleston, SC			7,350		5.850	%	02/2021		436		6,632
Whippany, NJ			15,166		6.298	%	11/2021		1,344		10,400
Baltimore, MD			55,000		4.320	%	06/2023		2,376		47,676
Chester, SC			10,814		5.380	%	08/2025		1,144		362
Subtotal/Wtg. Avg./Years Remaining (l)		$	1,464,811		5.684	%	3.6	$	116,500	$	1,305,159
Corporate
Revolving Credit Facility	(s)	$	57,450		2.489	%	07/2014	$	1,450	$	57,450
Revolving Credit Facility	(k) (m)		35,000		2.114	%	01/2015		750		35,000
Term Loan	(k)		206,000		3.758	%	01/2019		7,849		206,000
Convertible Notes	(o)(c)		115,000		6.000	%	01/2030		6,900		115,000
Trust Preferred Notes	(g)		129,120		6.804	%	04/2037		8,785		129,120
Subtotal/Wtg. Avg./Years Remaining (l)		$	542,570		4.718	%	9.7	$	25,734	$	542,570
Total/Wtg. Avg./Years Remaining (l)		$	2,007,381		5.423	%	5.2	$	142,234	$	1,847,729

Footnotes

(a) Subtotal and total based on weighted average term to maturity (or put dates) shown in years based on debt balance.

(b) Debt balances based upon imputed interest rates.

(c) Represents full payable of notes, discount of $8,882 excluded from balance.

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

(e) Lexington has an 80.5% interest in this property.

(f) Properties are cross-collateralized.

(g) Rate fixed through 04/2017, thereafter LIBOR plus 170 bps.

(h) Maturity date represents lender call date.

(i) Properties are cross-collateralized.

(j) Properties are cross-collateralized.

(k) Secured by a borrowing base of properties.

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

(m) Maturity can be extended to 01/2016 at Lexington's option.

(n) Properties are cross-collateralized.

(o) Holders have the right to redeem the notes on 01/15/17, 01/15/20 and 01/15/25.

(p) Mortgage satisfied subsequent to 6/30/2012.

(q) Loan has hyper-amortization option.

(r) Debt service payments have been suspended.

(s) Collateralized by 17 properties and interest of LIBOR plus 225 bps, subject to adjustment.

20

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Proforma Non- Consolidated Investments: Mortgages & Notes Payable

6/30/2012

Joint Venture	Debt Balance ($000)		LXP Proportionate Share ($000) (3)		Interest Rate (%)			Maturity		Current Estimated Annual Debt Service ($000)		Balloon Payment ($000)		Proportionate Share Balloon Payment ($000) (3)
Oklahoma TIC	$	14,329	$	5,732		5.240	%		05/2015	$	976	$	13,673	$	5,469
One Summit		11,809		3,543		9.375	%		10/2016		3,344		-		-
One Summit		7,866		2,360		10.625	%		11/2016		2,239		-		-
Rehab Humble Lessee		15,245		2,287		4.700	%		05/2017		950		13,982		2,097
Total/Wtg. Avg. (1)/Years Remaining (2)	$	49,249	$	13,922		7.12	%		3.8	$	7,509	$	27,655	$	7,566

Footnotes

(1) Weighted average interest rate based on proportionate share.

(2) Weighted average years remaining on maturities based on proportionate debt balance.

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

21

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Select Credit Metrics

	Actual 6/30/2011		Proforma 6/30/2012 (1)
Company FFO Payout Ratio		47.9%		56.6%
Non-mortgaged Assets	$	1.33 billion	$	1.41 billion
Debt + Preferred / Gross Assets		50.2%		48.0%
Debt/Gross Assets		42.2%		42.7%
Secured Debt / Gross Assets		34.9%		37.5%
Net Debt / EBITDA		5.7 times		6.0 times
Net Debt + Preferred / EBITDA		6.8 times		6.8 times
Credit Line Availability	$	295.9 million	$	261.3 million
Development / Gross Assets		0.3%		1.5%
EBITDA / Revenue		79.0%		80.4%
EBITDA / PrefDiv + Interest Expense		2.3 times		2.4 times
JV + Advisory Income / Revenues		7.0%		1.0%

(1) Reflects the operations of Net Lease Strategic Assets Fund and Lexington on a proforma combined basis and assumes a $0.60 annual dividend.

22

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Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Revenue Data

6/30/2012

($000)

Other Revenue Data

Asset Class	Cash Base Rent as of 6/30/12 (1)		Percentage
Office	$	105,783		59.2	%
Long-term leases	$	29,458		16.5	%
Industrial	$	29,298		16.4	%
Multi-tenant	$	10,901		6.1	%
Retail/Specialty	$	3,167		1.8	%
	$	178,607		100.0	%
Credit Ratings (2)
Investment Grade	$	92,266		51.7	%
Non-Investment Grade	$	26,078		14.6	%
Unrated	$	60,263		33.7	%
	$	178,607		100.0	%

Footnotes

(1) Six months ended 6/30/2012 cash rent recognized for consolidated properties and Net Lease Strategic Assets Fund properties owned as of 6/30/2012.

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

23

Net Lease Strategic Assets Fund

Acquisition of Net Lease Strategic Assets Fund L.P.

Supplemental Financial Disclosure

($000)

	June 30, 2012		December 31, 2011
Real estate, including intangibles, net	$	559,245	$	577,280
Cash, including restricted cash	$	11,478	$	12,319
Mortgages and notes payable	$	259,033	$	266,136

	Six months ended June 30,
	2012			2011
Total gross revenues	$	27,742		$	30,954
Depreciation and amortization		(14,653	)		(16,299	)
Interest expense		(7,185	)		(8,323	)
Other expense, net		(2,569	)		(1,824	)
Net income from continuing operations		3,335			4,508
Total discontinued operations		(517	)		241
Net income	$	2,818		$	4,749
Funds from operations, as adjusted	$	18,360		$	20,312
Debt/Gross Assets		37.5	%		37.2	%
Net Debt/EBITDA		5.1 times			5.1 times
Interest Coverage		3.6 times			2.8 times

Supplemental Revenue Data

Asset Class	GAAP Base Rent as of 6/30/12 (1)		Percentage
Office	$	17,572		64.6	%
Industrial	$	8,653		31.8	%
Other	$	992		3.6	%
	$	27,217		100.0	%

Credit Ratings (2)	GAAP Base Rent as of 6/30/12 (1)		Percentage
Investment Grade	$	14,325		52.6	%
Non-Investment Grade	$	3,886		14.3	%
Unrated	$	9,006		33.1	%
	$	27,217		100.0	%

Footnotes

(1) Six months ended 6/30/2012 GAAP base rent recognized for consolidated properties owned as of 6/30/2012.

(2) Credit ratings are based upon either tenant, guarantor or parent.

24

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Top 20 Markets

6/30/2012

	Core Based Statistical Area (2)	Percent of Cash Base Rent as of 6/30/12 (1)
1	Houston-Sugar Land-Baytown, TX		8.9	%
2	Dallas-Fort Worth-Arlington, TX		7.8	%
3	Boston-Cambridge-Quincy, MA-NH		5.1	%
4	Memphis, TN-MS-AR		4.2	%
5	Atlanta-Sandy Springs-Marietta, GA		3.9	%
6	Baltimore-Towson, MD		3.4	%
7	Los Angeles-Long Beach-Santa Ana, CA		3.2	%
8	Kansas City, MO-KS		3.2	%
9	Phoenix-Mesa-Scottsdale, AZ		2.9	%
10	New York-Northern New Jersey-Long Island, NY-NJ-PA		2.9	%
11	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2.3	%
12	Las Vegas-Paradise, NV		2.3	%
13	Chicago-Naperville-Joliet, IL-IN-WI		2.1	%
14	Detroit-Warren-Livonia, MI		2.1	%
15	Indianapolis-Carmel, IN		2.0	%
16	Columbus, OH		2.0	%
17	Orlando-Kissimmee, FL		1.8	%
18	Charlotte-Gastonia-Concord, NC-SC		1.8	%
19	Washington-Arlington-Alexandria, DC-VA-MD-WV		1.5	%
20	San Antonio, TX		1.5	%
	Total Top 20 Markets (3)		65.1	%

Footnotes

(1)	Six months ended 6/30/2012 cash rent recognized for consolidated properties and Net Lease Strategic Assets Fund properties owned as of 6/30/2012.
(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.

25

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Tenant Industry Diversification

6/30/2012

Industry Category	Percent of Cash Base Rent as of 6/30/2012 (1) (2)
Technology		13.9	%
Energy		13.5	%
Finance/Insurance		13.4	%
Automotive		9.3	%
Consumer Products		6.5	%
Telecommunications		6.2	%
Service		5.5	%
Transportation/Logistics		5.4	%
Food		4.6	%
Healthcare		4.6	%
Media/Advertising		3.4	%
Construction/Materials		3.1	%
Printing/Production		2.9	%
Aerospace/Defense		2.4	%
Apparel		1.4	%
Education		1.0	%
Real Estate		1.0	%
Retail Specialty		1.0	%
Retail Department		0.7	%
Retail Electronics		0.2	%
		100.0	%

Footnotes

(1) Six months ended 6/30/2012 cash rent recognized for consolidated properties and Net Lease Strategic Assets Fund properties owned as of 6/30/2012.

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

26

LEXINGTON REALTY TRUST

Acquisition of Net Lease Strategic Assets Fund L.P.

Proforma Top 10 Tenants or Guarantors

6/30/2012

Tenants or Guarantors	Number of Leases		Sq. Ft. Leased		Sq. Ft. Leased as a Percent of Consolidated Portfolio (2)			Cash Base Rent as of 6/30/2012 ($000) (1)		Percent of Cash Base Rent as of 6/30/2012 ($000) (1) (2)
Baker Hughes, Inc.		4		1,061,471		2.6	%	$	10,711		6.0	%
Invensys Systems, Inc. (Siebe, Inc.)		2		416,603		1.0	%	$	6,281		3.5	%
Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited)		7		2,053,359		5.0	%	$	5,164		2.9	%
Bank of America, National Association		8		691,893		1.7	%	$	4,779		2.7	%
Nevada Power Company		1		282,000		0.7	%	$	4,035		2.3	%
Federal Express Corporation		2		647,499		1.6	%	$	3,643		2.0	%
Morgan, Lewis & Bockius LLP (3)		1		289,432		0.7	%	$	3,485		2.0	%
Swiss Re America Holding Corporation / Westport Insurance Corporation		2		476,123		1.1	%	$	3,483		2.0	%
CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.)		3		2,503,916		6.0	%	$	3,377		1.9	%
T-Mobile USA, Inc.		5		386,078		0.9	%	$	3,293		1.8	%
		35		8,808,374		21.3	%	$	48,251		27.0	%

Footnotes

(1) Six months ended 6/30/2012 cash rent recognized for consolidated properties and Net Lease Strategic Assets Fund properties owned as of 6/30/2012.

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

(3) Includes parking garage operations. Lexington has an 80.5% interest in this property.

27

EX-99.3

Exhibit 99.3

Fall 2012 LEXINGTON REALTY TRUST A real estate investment trust specializing in single - tenant commercial properties.

Disclosure This presentation contains certain forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended, which involve known and unknown risks, uncertainties or other factors not under Lexington Realty Trust’s (“Lexington” or “LXP”) 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 . These factors include, but are not limited to, those factors and risks detailed in Lexington’s periodic filings with the Securities and Exchange Commission . 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 . Lexington assumes no obligation to update or supplement forward - looking statements that become untrue because of subsequent events . 2

Ten Reasons To Own LXP  6.3% Dividend Yield (1)  Conservative Payout Ratio  Advantages of Net Lease Properties  Diversified Portfolio  Attractive Growth Prospects  Strong Balance Sheet  Deleveraging To Improve Valuation  Refinancing Opportunity  Compelling Value Investment  Management 3 (1) Based on annualized dividend of $0.60 per share and the September 5, 2012 closing price of $9.49 per share.

Strong Dividend Yield 4

Strong Dividend Yield  LXP has a strong dividend yield relative to its peers, REITs and other equity investments » LXP has increased its dividend by 50% over the last three years » LXP has capacity for dividend growth Current Dividend Yield 5 Source: LXP data based on $0.60 annual dividend and September 5, 2012 closing share price of $9.49. Other data: KeyBanc and Bloomberg as of August 31, 2012. 6.3 % 5.3% 5.2% 3.9% 2.4% 1.9% 1.6% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% LXP Net Lease REITs Off/Ind REITs All REITs Dow Jones S&P 500 Russell 2000

Conservative Payout Ratio 6

2012 Estimated FFO Payout Ratio 62.5% 83.1% 65.5% 64.3% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% LXP Net Lease REITs Off/Ind REITs All REITs Conservative Payout Ratio  LXP has a conservative payout ratio relative to its peers and the REIT sector » Retained cash flow reinvested and used to reduce debt » A low payout ratio improves growth prospects over time 7 Source : LXP data based on $0.60 annual dividend. Other data: KeyBanc as of August 31, 2012. 2012 Estimated FFO Multiples 9.8x 16.4x 15.1x 12.5x 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 LXP Industrial REITs Office REITs Net Lease REITs

Advantages of Net Lease Properties 8

Advantages of Net Lease Properties  Predictable cash flow  Operating expenses paid by the tenant  High levels of occupancy  Long - term leases A diversified portfolio of net - leased properties should trade at a premium to multi - tenant properties. 9

Diversified Portfolio 10

Diversified by Geography & Property Type 11 Office • 119 properties • 15.9 million sq ft Industrial • 59 properties • 21.6 million sq ft Retail/Specialty • 34 properties • 1.8 million sq ft Multi - Tenant • 12 properties • 2.1 million sq ft 29 1 6 7 1 1 2 3 3 2 1 1 4 6 2 4 6 14 14 14 1 1 10 6 8 3 7 15 5 10 12 2 2 4 3 3 1 1 4 1 States with rental revenue greater than $10 million on an annualized GAAP basis. As of 6/30/12 4

Strong Tenant Diversification 12 Primary Lease Term % of Credit Rating 1 Top 10 Tenants/ Lease Guarantor Expiration Year # of Leases Annualized Base Rent S&P Moody’s Bank of America 14/19 8 3.2% A A3 Baker Hughes, Inc. 15 2 3.1% A A2 Metalsa Structural Products/ Dana Holding Corporation/ Dana Limited 16/25 6 2.8% BB Ba3 Federal Express Corporation 19/21 2 2.5% BBB Baa1 Swiss RE America Holding Corporation 18/19 2 2.4% A A1 Morgan, Lewis & Bockius, LLC 21 1 2.3% - - CEVA Logistics US, Inc. (TNT Logistics Holdings BV) 14/15 3 2.2% B B3 Transamerica Life Insurance Corp. 21 1 2.0% AA- - Wells Fargo Bank N.A. 14 2 2.0% AA- Aa3 JP Morgan Chase Bank, National Association 13/15 3 1.8% A+ Aa3 Percentage of Top 10 Tenants 24.3% Top 10 Tenants Revenue by Credit Rating Note: Revenue and credit ratings as of 6/30/12. 1. Credit ratings are based upon either tenant, guarantor or parent entity. Non - Investment Grade 15.2% Unrated 37.4% Investment Grade 49.3%

Pro Forma Tenant Profiles – NLS Acquisition 13 Consolidated LXP NLS Pro Forma Breakdown of Cash Base Rent by Segment Breakdown of Tenant Credit Profile Consolidated LXP NLS Pro Forma  NLS improves LXP’s tenant profile by providing the Company with exposure to additional investment grade tenants Unrated 35.5% Non - Inv. Grade 15.2% Inv. Grade 49.3% Inv. Grade 52.6% Non - Inv. Grade 14.3% Unrated 33.1% Unrated 33.7% Non - Inv. Grade 14.6% Inv. Grade 51.7% Office, 58.7% Industrial, 14.6% Long - term leases, 17.9% Multi - tenant, 6.9% Retail, 1.9% Office, 62.3% Industrial, 26.1% Multi - tenant, 1.7% Long - term leases, 9.1% Specialty, 0.8% Office, 59.2% Industrial, 16.4% Long - term leases, 16.5% Multi - tenant, 6.1% Retail/ Specialty , 1.8% Note: Data as of 6/30/12.

Balanced Lease Rollover Schedule (1) 14 Note: Data as of 6/30/12 1. Based on rents from single - tenant office and industrial properties only compared to total portfolio. 0 1,000,000 2,000,000 3,000,000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Office sf Industrial sf 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Cash Rent GAAP Rent

Pro Forma Lease Expiration Schedule – NLS Acquisition 15 (1) Consolidated square footage does not reflect multi - tenant properties. (2) Reflects cash rent for the six months ended June 30, 2012, excludes multi - tenant properties and parking operations.  Acquisition of NLS portfolio does not meaningfully alter the expiration profile Pro Forma Lease Expiration Schedule (By Square Feet (in thousands)) (1 ) 734 2,885 3,554 4,798 3,450 3,167 3,642 4,075 1,920 2,208 8,516 0 2,500 5,000 7,500 10,000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Thereafter Consolidated NLS Pro Forma Lease Expiration Schedule (By Cash Rent) (2) 2.1% 6.2% 14.6% 15.4% 6.7% 6.5% 7.8% 11.0% 5.3% 5.6% 18.8% 0.0% 5.0% 10.0% 15.0% 20.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Thereafter Consolidated NLS

LXP: A History of Leasing & Capital Recycling Success 16 - 1,000 2,000 3,000 4,000 5,000 6,000 2008 2009 2010 2011 6.2% 6.6% 4.2% 7.4% - 50 100 150 200 250 300 2008 2009 2010 2011 Square Feet Leasing Volume Volume Disposition Volume & Cap Rates ($000’s) (000’s)

Attractive Growth Prospects 17

Build - to - Suit Transaction: BIVI 18 Type: Office Size: 99,000 square feet Cost: $18.0 million Lease Term: 15 years Cap Rate: 9.4% Escalations: 2.25% annually GAAP Rent: 11.0% of cost Expected Completion Date : 3Q 12 Boehringer Ingelheim Vetmedica, Inc. St. Joseph, Missouri

Build - to - Suit Transaction: Easton - Bell Sports Type: Industrial Size: 813,000 square feet Cost: $42.6 million Lease Term: 20 years Cap Rate: 8.0% Escalations: 2% annually GAAP Rent: 9.7% of cost Expected Completion Date: 4Q 13 19 Easton - Bell Sports Rantoul, Illinois

Build - to - Suit Transaction: FedEx Type: Industrial Size: 143,000 square feet Cost: $46.7 million Lease Term: 15 years Cap Rate: 8.5% Escalations: 7.5% every five years GAAP Rent: 9.2% of cost Expected Completion Date : 1Q 13 20 FedEx Ground Package System, Inc. Long Island City, New York

Build - to - Suit Transaction: TMG Health, Inc. Type: Office Size: 150,000 square feet Cost: $20.8 million Lease Term: 15 years Cap Rate: 9.2% Escalations: 2% annually GAAP Rent: 10.6% of cost Acquisition Date: 3Q 12 21 TMG Health Jessup, Pennsylvania

Strong Balance Sheet 22

Capital Structure 23 Note: Includes OP Units and is based on $9.38 share price as of August 31, 2012 and June 30, 2012 balance sheet. ($ in millions) Amount Interest Rate /Coupon Debt Secured Credit Facility $35.0 L + 187.5 Term Loan Due 2019 206.0 3.76% Convertible Guaranteed Notes 115.0 6.00% Mortgages 1,263.2 5.64% Trust Preferred 129.1 6.80% Total – Debt $1,748.3 Preferred Preferred C 96.8 6.50% Preferred D 155.0 7.55% Total – Preferred $251.8 Total – Common equity $1,502.9 Total $3,503.0  LXP has a strong balance sheet Common Equity, 42.9% Mortgage Debt, 36.0% Trust Preferred, 3.7% Convertible Debt, 3.3% Term Debt, 5.9% Preferred Equity, 7.2% Credit Line, 1.0%

Pro Forma Capital Structure – NLS Acquisition 24 (1) Including OP Units and common share price of $9.38 at 8/31/12 and balance sheet data as of June 30, 2012.  Strong pro forma balance sheet ($ in millions) Amount Interest Rate /Coupon Debt NLS Revolving Credit Facility $57.5 L + 225 Secured Credit Facility 35.0 L + 187.5 Term Loan Due 2019 206.0 3.76% Convertible Guaranteed Notes 115.0 6.00% NLS Mortgages 201.6 5.99% Mortgages 1,263.2 5.64% Trust Preferred 129.1 6.80% Total – Debt $2,007.4 Preferred Preferred C 96.8 6.50% Preferred D 155.0 7.55% Total – Preferred $251.8 Total – Common equity (1) $1,502.9 Total $3,762.1 Common Equity, 39.9% Mortgage Debt, 38.9% Preferred Equity, 6.7% Term Debt, 5.5% Trust Preferred, 3.4% Convertible Debt, 3.1% Credit Lines, 2.5%

Deleveraging Program A Success 25  Commenced in January 2008  Consolidated leverage reduced by $ 1.3 billion 6/30/12 12/31/11 12/31/10 12/31/09 12/31/08 12/31/07 Debt $1.748 B $1.673 B $ 1.793 B $ 2.078 B $ 2.389 B $ 3.048 B Market Equity Preferred Shares $0.252 B $0.322 B $ 0.339 B $ 0.339 B $ 0.364 B $ 0.389 B Common Equity $1.503 B $1.194 B $ 1.204 B $ 0.774 B $ 0.528 B $ 1.465 B Total Market Equity $1.755 B $1.516 B $ 1.543 B $ 1.113 B $ 0.892 B $ 1.854 B Total Market Capitalization $3.503 B $3.189 B $ 3.336 B $ 3.191 B $ 3.281 B $ 4.902 B Strengthening of Balance Sheet LXP Current Debt Maturity Profile ($000’s) Note : As of August 31 2012. Weighted - average interest rate at top of bar. $- $100,000 $200,000 $300,000 $400,000 $500,000 2012 2013 2014 2015 2016 2017 2018 2019 2020 Non-recourse Mortgage Balloon Payments Corporate Debt 5.8% 5.5% 5.8% 5.4% 5.9% 2.1% 5.6% 6.0% 6.1% 6.5% 5.9% 3.8%

Pro Forma Debt Maturity Schedule – NLS Acquisition 26  LXP’s current maturities, with average interest rate of 5.6% through 2015, provide significant refinancing opportunities Pro Forma Debt Maturity Schedule – 6/30/12 ($ in thousands) $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2012 2013 2014 2015 2016 2017 2018 Thereafter Mortgage Balloon Payments Revolving Credit Facility Term Loan Convertible Notes Trust Preferred Notes NLS $69,990 $251,577 $313,590 $337,575 $148,546 $183,669 $18,144 $524,638

Deleveraging To Improve Valuation 27

Opportunity For Multiple Expansion 28 Source: BofA Merrill Lynch. Note: Stock price is as of September 4, 2012. Net debt figures include pro rata share of joint venture debt. PLD DCT EGP FR FPO STAG TRNO SPG GGP MAC TCO CBL SKT GRT PEI ELS SUI EQR AVB UDR CPT ESS ACC AIV HME BRE MAA PPS CLP EDR AEC CCG BXP VNO BPO SLG DEI LRY DRE KRC PDM CLI HIW PSB WRE BDN CWH MSW CUZ PKY DLR ARE BMR DFT OFC COR GOV HPP PSA EXR SSS CUBE KIM FRT DDR REG WRI EQY RPAI AAT AKR BFS IRC ROIC RPT UBA EXL CDR KRG O NNN EPR WPC ARCT LXP Current SIR GTY LSE LXP 1Q09 LXP 2Q09 LXP 3Q09 LXP 4Q09 LXP 1Q10 LXP 2Q10 LXP 3Q10 LXP 4Q10 LXP 1Q11 LXP 2Q11 LXP 3Q11 LXP 4Q11 LXP 1Q12 LXP 2Q12 0 5 10 15 20 25 30 0 10 20 30 40 50 60 70 80 90 100 P / FFO (Next Twelve Months) (Net Debt + Preferred) / Total Enterprise Value (Percent)

Refinancing Opportunity 29

Refinancing To Improve Cash Flow  LXP has a significant opportunity to reduce debt service payments  2012 - 2015 balloon maturities total $795.6 million at a weighted - average rate of 5.6% with a pay rate of 8.4%  LXP recently obtained 7 - year term financing and fixed the LIBOR on $206.0 million under the financing rate at a current weighted - average rate of 3.76%. 2012 - 2015 Potential Debt Service Savings Interest Rate Annual Savings* Per Share 3.5% $42.7m $0.24 4.0% $38.7m $0.21 4.5% $34.7m $0.19 5.0% $30.7m $0.17 30 * Projected interest and principal reduction; assumes interest only payments on new financing.

Refinancing To Improve Cash Flow – Pro Forma NLS Acquisition 31  We believe LXP has a significant opportunity to reduce debt service payments  2012 - 2015 balloon maturities total $880.3 million at a weighted - average rate of 5.6% with a current pay rate of 8.9% 2013 - 2015 Potential Debt Service Savings Interest Rate Annual Savings* Per Share 3.5% $53.2m $0.29 4.0% $48.8m $0.27 4.5% $44.4m $0.25 5.0% $40.0m $0.22  LXP recently obtained 7 - year term financing and fixed the LIBOR on $206.0 million under the financing rate at a current weighted - average rate of 3.76% * Projected interest and principal reduction; assumes interest only payments on new financing.

Compelling Value Investment 32

Compelling Value Investment  LXP offers a compelling investment proposition with attractive value  LXP currently trades at an implied cap rate significantly higher than its peers in the net lease sector Implied Cap Rate (1) Property Type (2) Industrial, 14.8% Retail, 3.4% Multi - tenant, 7.8% Office, 56.7% Long - term lease, 17.3% 33 (1) Source: LXP as of 8/31/12 based on $9.38 share price. Other data: KeyBanc as of August 31, 2012. (2) Based on rent as of 6/30/12. 8.3% 7.5% 7.7% 9.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% LXP Industrial REITs Office REITs Net Lease REITs 2012 Estimated FFO Multiples (1) 9.8x 16.4x 15.1x 12.5x 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 LXP Industrial REITs Office REITs Net Lease REITs

Management 34

Our Strategies Are Working 35  LXP has outperformed the market and has numerous opportunities to continue to create value for shareholders Source: SNL Financial LLC 0.0% 50.0% 100.0% 150.0% 200.0% 250.0% 300.0% 350.0% 400.0% 450.0% 500.0% 3/9/2009 8/9/2009 1/9/2010 6/9/2010 11/9/2010 4/9/2011 9/9/2011 2/9/2012 7/9/2012 LXP Total Return vs. Indices LXP - US MSCI US REIT (RMS) Russell 2000 S&P 500

Ten Reasons To Own LXP  6.3% Dividend Yield (1)  Conservative Payout Ratio  Advantages of Net Leases  Diversified Portfolio  Attractive Growth Prospects  Strong Balance Sheet  Deleveraging to Drive Improve Valuation  Refinancing Opportunity  Compelling Value Investment  Management 36 (1) Based on annualized dividend of $0.60 per share and September 5, 2012 closing price of $9.49 per share.

Fall 2012 LEXINGTON REALTY TRUST. A real estate investment trust specializing in single tenant commercial properties.

EX-99.4

Exhibit 99.4

Title LEXINGTON REALTY TRUST A real estate investment trust specializing in single - tenant commercial properties. Acquisition of Net Lease Strategic Assets Fund L.P.

Title Disclosure This presentation contains certain forward looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended, 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 . These factors include, but are not limited to, those factors and risks detailed in Lexington’s periodic filings with the Securities and Exchange Commission . 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 . Except as required by law, Lexington assumes no obligation to update or supplement forward - looking statements that become untrue because of subsequent events . All information is as of June 30 , 2012 unless otherwise noted . 2

Title Key Benefits and Transaction Overview 3

Title Key Benefits and Transaction Overview 4 Transaction Overview  LXP will pay Inland approximately $1.3 million, net of NLS cash balances of $8.1 million, which equals Inland’s expected distribution through December 2012 had a sale not occurred and assume approximately $258.4 million of consolidated mortgage debt  Transaction represents approximately $480 million in total value (10.3% cap rate)  Portfolio of 26 office properties, 13 industrial properties and 2 specialty assets located across 23 states representing 5.8 million square feet (98.7% leased as of Q2 2012)  NLS generated stand - alone H1 2012 Company FFO of $18.4 million; if consolidated, LXP would have generated $96.5 million in total Company FFO (compared to $86.7 million actual) for the 6 months ended June 30, 2012 ($0.53 per share)  Lexington increased 2012 Company FFO per share guidance to ~$0.02 per share  Transaction closed effective September 1, 2012  Strong cash flowing portfolio of Net Lease Assets acquired at an attractive cost basis  Accretive investment for LXP shareholders with no material change in leverage  Geographically diversified portfolio with 98%+ occupancy and strong tenant roster  Opportunity to actively manage portfolio and extract additional value  Increased taxable income and cash flow supports a 20% annualized dividend increase from $0.50 per share to $0.60 per share Benefits of the Transaction Lexington Realty Trust (NYSE: LXP) (“LXP”, “Lexington”, or the “Company”) has entered into an agreement to purchase all of Inland American Real Estate Trust, Inc.’s (“Inland”) interests in Net Lease Strategic Assets Fund L.P. (“NLS”), a joint venture between LXP and Inland

Title Strategic Rationale 5

Title Net Lease Strategic Assets Fund Overview 6 (1) Reflects six months ended as of June 30, 2012.  Limited near term debt maturities — 2014 includes $57.5 million prepayable floating rate loan  More than half of assets occupied by investment grade tenants  Average interest rate on debt is 5.2% creating opportunity for significant refinancing savings Inv. Grade Non - Inv. Grade Unrated 53% 14% Office Industrial Specialty 3.6% 64.6% Debt Balloon Maturity Schedule $0 $16,640 $84,522 $40,935 $26,657 $0 $6,624 $43,040 $0 $25,000 $50,000 $75,000 $100,000 Q2 2012 Tenant Profile Based on GAAP Base Rent (1) Q2 2012 GAAP Base Rent (1) ($ in thousands) 31.8% 33%

Title Strategic Rationale 7 Benefits of the Transaction Immediately Accretive to Shareholders Geographically Diversified Portfolio Ideal Active Management Profile Increased Cash Flow Allows for Increased Dividend  Strong cash flowing portfolio of previously owned Net Lease Assets acquired at an attractive cost basis  Highly accretive transaction with immediate value creation to LXP shareholders  Geographically diversified and attractive properties portfolio with 98%+ occupancy  Ability to apply LXP’s best - in - class management actively to drive re - leasing and value extraction  Increased taxable income and cash flow supports ~20% annualized dividend increase from $0.50 per share to $0.60 per share

Title Net Lease Strategic Assets Fund Pro Forma Impact 8

Title 1 3 9 1 1 1 1 1 1 1 3 1 2 1 1 1 1 1 3 2 1 3 1 Office 26 Properties $18.1 million Cash Base Rent (1) Industrial 13 Properties $8.9 million Cash Base Rent (1) Specialty 2 Properties $0.9 million Cash Base Rent (1) Net Lease Strategic Assets Fund Geographic Diversity 9  NLS’ portfolio provides LXP with enhanced geographic exposure, while maintaining a diversified tenant base across office and industrial assets (1) Reflects six months ended as of June 30, 2012. 1 1 3 1 1 9 1 1 1 1 1 2 3 3 4 1 1 1 1 1 1 1

Title Pro Forma Tenant Profiles 10 Consolidated LXP NLS Pro Forma Breakdown of Cash Base Rent by Segment Breakdown of Tenant Credit Profile Consolidated LXP NLS Pro Forma  NLS improves LXP’s tenant profile by providing the Company with exposure to additional investment grade tenants Unrated 35.5% Non - Inv. Grade 15.2% Inv. Grade 49.3% Inv. Grade 52.6% Non - Inv. Grade 14.3% Unrated 33.1% Unrated 33.7% Non - Inv. Grade 14.6% Inv. Grade 51.7% Office, 58.7% Industrial, 14.6% Long - term leases, 17.9% Multi - tenant, 6.9% Retail, 1.9% Office, 62.3% Industrial, 26.1% Multi - tenant, 1.7% Long - term leases, 9.1% Specialty, 0.8% Office, 59.2% Industrial, 16.4% Long - term leases, 16.5% Multi - tenant, 6.1% Retail/ Specialty , 1.8%

Title Pro Forma Lease Expiration Schedule 11 (1) Consolidated square footage does not reflect multi - tenant properties. (2) Reflects cash rent for the six months ended June 30, 2012, excludes multi - tenant properties and parking operations.  Acquisition of NLS portfolio does not meaningfully alter the expiration profile Pro Forma Lease Expiration Schedule (By Square Feet (in thousands)) (1 ) 734 2,885 3,554 4,798 3,450 3,167 3,642 4,075 1,920 2,208 8,516 0 2,500 5,000 7,500 10,000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Thereafter Consolidated NLS Pro Forma Lease Expiration Schedule (By Cash Rent) (2) 2.1% 6.2% 14.6% 15.4% 6.7% 6.5% 7.8% 11.0% 5.3% 5.6% 18.8% 0.0% 5.0% 10.0% 15.0% 20.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Thereafter Consolidated NLS

Title Pro Forma Capital Structure (1) Including OP Units and common share price of $9.38 at 8/31/12 and balance sheet data as of June 30, 2012.  Strong pro forma balance sheet 12 ($ in millions) Amount Interest Rate /Coupon Debt NLS Revolving Credit Facility $57.5 L + 225 Secured Credit Facility 35.0 L + 187.5 Term Loan Due 2019 206.0 3.76% Convertible Guaranteed Notes 115.0 6.00% NLS Mortgages 201.6 5.99% Mortgages 1,263.2 5.64% Trust Preferred 129.1 6.80% Total – Debt $2,007.4 Preferred Preferred C 96.8 6.50% Preferred D 155.0 7.55% Total – Preferred $251.8 Total – Common equity (1) $1,502.9 Total $3,762.1 Common Equity, 39.9% Mortgage Debt, 38.9% Preferred Equity, 6.7% Term Debt, 5.5% Trust Preferred, 3.4% Convertible Debt, 3.1% Credit Lines, 2.5%

Title Pro Forma Debt Maturity Schedule 13  LXP’s current maturities, with average interest rate of 5.6% through 2015, provide significant refinancing opportunities Pro Forma Debt Maturity Schedule – 6/30/12 ($ in thousands) $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2012 2013 2014 2015 2016 2017 2018 Thereafter Mortgage Balloon Payments Revolving Credit Facility Term Loan Convertible Notes Trust Preferred Notes NLS $69,990 $251,577 $313,590 $337,575 $148,546 $183,669 $18,144 $524,638

Title Net Lease Strategic Assets Fund Asset Management Opportunities 14

Title Net Lease Strategic Assets Fund Lease Expiration Schedule 15 (1) Reflects cash rent for the six months ended June 30, 2012. NLS Lease Expiration Schedule (By Cash Rent) (1)  Active LXP management of portfolio without the need to obtain partner consent will seek to address lease expiration concerns  Limited historical incentive to maximize value given previous joint venture structure  Potential rental rate roll downs mitigated by attractive all - in cost of portfolio to Lexington (10.3% cap rate) and significant refinancing opportunities 0.0% 4.7% 22.0% 15.7% 10.2% 6.1% 3.6% 10.8% 9.4% 3.9% 13.6% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Thereafter

Title Refinancing To Improve Cash Flow - Proforma 16  We believe LXP has a significant opportunity to reduce debt service payments  2012 - 2015 balloon maturities total $880.3 million at a weighted - average rate of 5.6% with a current pay rate of 8.9% 2013 - 2015 Potential Debt Service Savings Interest Rate Annual Savings* Per Share 3.5% $53.2m $0.29 4.0% $48.8m $0.27 4.5% $44.4m $0.25 5.0% $40.0m $0.22  LXP recently obtained 7 - year term financing and fixed the LIBOR on $206.0 million under the financing rate at a current weighted - average rate of 3.76% * Projected interest and principal reduction; assumes interest only payments on new financing.

Title Strong Dividend Yield 17  LXP has a strong dividend yield relative to its peers, REITs and other equity investments » LXP has increased its dividend by 50% over the last three years » LXP has significant capacity for dividend growth ($ in thousands) 6.3% 5.3% 5.2% 3.9% 2.4% 1.9% 1.6% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% LXP Net Lease REITs Off/Ind REITs All REITs Dow Jones S&P 500 Russell 2000 Current Dividend Yield Source : LXP data based on $0.60 annual dividend and September 5, 2012 closing price of $9.49. Other data: KeyBanc and Bloomberg as of August 31, 2012.

Title Conservative Payout Ratio 18  LXP has a conservative payout ratio relative to its peers and the REIT sector » Retained cash flow reinvested and used to reduce debt » A low payout ratio improves growth prospects over time 2012 Estimated FFO Payout Ratio 62.5% 83.1% 65.5% 64.3% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% LXP Net Lease REITs Off/Ind REITs All REITs 9.8x 16.4x 15.1x 12.5x 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 LXP Industrial REITs Office REITs Net Lease REITs 2012 Estimated FFO Multiples Source : LXP data based on $0.60 annual dividend. Other data: KeyBanc as of August 31, 2012.

Title Compelling Value Investment 19  LXP offers a compelling investment proposition with attractive value  LXP currently trades at an implied cap rate significantly higher than its peers in the net lease sector (1) Source: Company and Keybanc , August 31, 2012. (2) Based on rent as of 6/30/12. Implied Cap Rate (1) 8.3% 7.5% 7.7% 9.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% LXP Industrial REITs Office REITs Net Lease REITs Property Type (2) Industrial, 14.8% Retail, 3.4% Multi - tenant, 7.8% Office, 56.7% Long - term lease, 17.3% 2012 Estimated FFO Multiples (1) 9.8x 16.4x 15.1x 12.5x 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 LXP Industrial REITs Office REITs Net Lease REITs

Title LEXINGTON REALTY TRUST A real estate investment trust specializing in single - tenant commercial properties. Acquisition of Net Lease Strategic Assets Fund L.P.