Exhibit 12.1

LEXINGTON REALTY TRUST

and Consolidated Subsidiaries

($000's)

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

	For the six months ended June 30,		For the years ended December 31,
Earnings	2015		2014		2013			2012			2011			2010
Income (loss) before benefit (provision) for income taxes, noncontrolling interests, equity in earnings (losses) of non-consolidated entities, gain on acquisition and discontinued operations	$	82,613	$	48,325	$	(17,687	)	$	(4,356	)	$	(23,341	)	$	(20,308	)
Interest expense		44,114		93,297		82,465			81,010			86,995			95,301
Amortization expense - debt cost		2,228		4,006		3,427			3,240			3,596			5,083
Cash received from joint ventures		966		1,381		918			7,498			11,689			4,590
Total	$	129,921	$	147,009	$	69,123		$	87,392		$	78,939		$	84,666
Fixed charges:
Interest expense	$	44,114	$	93,297	$	82,465		$	81,010		$	86,995		$	95,301
Amortization expense - debt cost		2,228		4,006		3,427			3,240			3,596			5,083
Capitalized interest expense		2,930		3,424		2,327			2,916			1,769			760
Preferred stock dividends		3,145		6,290		9,833			20,291			24,507			24,872
Total	$	52,417	$	107,017	$	98,052		$	107,457		$	116,867		$	126,016
Ratio		2.48		1.37		N/A			N/A			N/A			N/A

N/A - Ratio is less than 1.0, deficit of $28,929, $20,065, $37,928 and $41,350 exists at December 31, 2013, 2012, 2011 and 2010, respectively.