-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 BV4J6I+sEBhoSykaFGuJifWn2tZ5OkitzGIGSf4SOJe/HXunzxpEFJ09qBNxM+DA
 hwvGM6wGVOedavW2inxmHg==

<SEC-DOCUMENT>0001193805-07-000017.txt : 20070104
<SEC-HEADER>0001193805-07-000017.hdr.sgml : 20070104
<ACCEPTANCE-DATETIME>20070104173129
ACCESSION NUMBER:		0001193805-07-000017
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061231
FILED AS OF DATE:		20070104
DATE AS OF CHANGE:		20070104

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEXINGTON REALTY TRUST
		CENTRAL INDEX KEY:			0000910108
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				133717318
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		SUITE 4015
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119
		BUSINESS PHONE:		(212) 692-7200

	MAIL ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		SUITE 4015
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEXINGTON CORPORATE PROPERTIES TRUST
		DATE OF NAME CHANGE:	19980625

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEXINGTON CORPORATE PROPERTIES INC
		DATE OF NAME CHANGE:	19930816

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ASHNER MICHAEL L
		CENTRAL INDEX KEY:			0001139233

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12386
		FILM NUMBER:		07510816

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		5168220022

	MAIL ADDRESS:	
		STREET 1:		C/O WINTHROP FINANCIAL ASSOCIATES
		STREET 2:		TWO JERICHO PLAZA WING A
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>e601389_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2006-12-31</periodOfReport>

    <dateOfOriginalSubmission>2007-01-03</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000910108</issuerCik>
        <issuerName>LEXINGTON REALTY TRUST</issuerName>
        <issuerTradingSymbol>LXP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001139233</rptOwnerCik>
            <rptOwnerName>ASHNER MICHAEL L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WINTHROP FINANCIAL ASSOCIATES</rptOwnerStreet1>
            <rptOwnerStreet2>TWO JERICHO PLAZA WING A</rptOwnerStreet2>
            <rptOwnerCity>JERICHO</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>11753</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Chairman</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares of Beneficial Interest, par value $.0001</value>
            </securityTitle>
            <transactionDate>
                <value>2006-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>104000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>104000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>see</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Units of Limited Partnership</value>
                <footnoteId id="F6"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>847542</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Shares of Beneficial Interest, par value $.0001</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>847542</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>847542</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Received in exchange for 130,000 shares of Newkirk Realty Trust, Inc. (&quot;Newkirk&quot;) common stock in connection with the merger
 of Newkirk into Lexington Corporate Properties Trust (the &quot;Merger&quot;).  On the effective date of the Merger, the closing price
 of Lexington Corporate Properties Trust common shares of beneficial interest was $22.42 per share and the closing price of
 Newkirk's common stock was $18.04.</footnote>
        <footnote id="F2">Shares consist of (i) 48,000 shares held by the Reporting Person, (ii) 10,520 held by the Reporting Person's IRA, (iii) 8,280
 shares held by the Reporting Person's spouse's IRA, (iv) 25,200 shares held in trust for the Reporting Person's children and
 (v) 12,000 held by the Ashner Family Evergreen Foundation, a New York not for profit corporation, an entity in which the
 Reporting Person is a director.</footnote>
        <footnote id="F3">Each unit of limited partnership is redeemable for cash or, at the election Lexington Corporate Properties Trust
 (&quot;Lexington&quot;), common shares of beneficial interest in Lexington on a one for one basis.</footnote>
        <footnote id="F4">Units may currently be redeemed and have no expiration date.</footnote>
        <footnote id="F5">Units represent the Reporting Person's pecuniary interest in units of The Newkirk Master Limited Partnership which were held
 by the Reporting Person at the time of the Merger and originally acquired on November 7, 2005. On the effective date of the
 Merger, a subsidiary of Lexington became the general partner of The Newkirk Master Limited Partnership and the units became
 redeemable for cash or, at Lexington's option, Lexington common shares of beneficial interest.</footnote>
        <footnote id="F6">This amendment is being filed to correct the number of Units of Limited Partnership interest held by the Reporting Person.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Michael L. Ashner</signatureName>
        <signatureDate>2006-01-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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