Exhibit 12
LEXINGTON REALTY TRUST
For the year ended December 31,
($000’s)
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(UNAUDITED)
		2008		2007		2006		2005		2004
Earnings:
Income (loss) before benefit  (provision) for income taxes, noncontrolling interests, equity in earnings (losses) of non-consolidated entities, gains on sales of properties – affiliates and discontinued operations	$	11,098	$	(62,407)	$	(13,912)	$	11,545	$	21,297
Interest expense		155,062		161,747		61,671		53,214		34,598
Amortization expense — debt cost		4,462		4,409		1,611		1,250		897
Cash received from joint ventures		28,052		17,388		22,239		14,663		5,294
Total	$	198,674	$	121,137	$	71,609	$	80,672	$	62,086
Fixed charges:
Interest expense	$	155,062	$	161,747	$	61,671	$	53,214	$	34,598
Amortization expense — debt cost		4,462		4,409		1,611		1,250		897
Capitalized interest expense		350		277		513		816		225
Preferred Stock dividend		26,915		26,733		16,435		16,435		6,945
Total	$	186,789	$	193,166	$	80,230	$	71,715	$	42,665
Ratio		1.06		N/A		N/A		1.12		1.46
N/A - Ratio is less than 1.0, deficit of $72,029 and $8,621 exists at December 31, 2007 and 2006, respectively.
Including debt satisfaction (gains) charges in the calculations results in ratios of earnings to combined fixed charges and preferred dividends for the years ended December 31, 2008, 2005 and 2004 of 1.09, 1.13 and 1.45, respectively.