EX-12 7 lxpex12-ratioofearnings.htm EXHIBIT 12 LXP EX12 - Ratio of Earnings

Exhibit 12

LEXINGTON REALTY TRUST
and Consolidated Subsidiaries
For the years ended December 31,
($000's)
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

Earnings
 
2011
 
2010
 
2009
 
2008
 
2007
Loss before benefit (provision) for income taxes, noncontrolling interest, equity in earnings (losses) of non-consolidated entities, gains on sale-affiliates and discontinued operations
 
$
(80,831
)
 
$
(24,647
)
 
$
(4,453
)
 
$
(938
)
 
$
(50,083
)
Interest expense
 
103,758

 
113,663

 
118,192

 
138,551

 
146,193

Amortization expense - debt cost
 
3,757

 
5,244

 
4,523

 
4,028

 
3,996

Cash received from joint ventures
 
11,689

 
4,590

 
20,948

 
28,052

 
17,388

Total
 
$
38,373

 
$
98,850

 
$
139,210

 
$
169,693

 
$
117,494

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
103,758

 
$
113,663

 
$
118,192

 
$
138,551

 
$
146,193

Amortization expense - debt cost
 
3,757

 
5,244

 
4,523

 
4,028

 
3,996

Capitalized interest expense
 
1,792

 
791

 
778

 
350

 
277

Preferred stock dividends
 
24,507

 
24,872

 
25,281

 
26,915

 
26,733

Total
 
$
133,814

 
$
144,570

 
$
148,774

 
$
169,844

 
$
177,199

 
 
 
 
 
 
 
 
 
 
 
Ratio
 
N/A

 
N/A

 
N/A

 
N/A

 
N/A



N/A - Ratio is less than 1.0, deficit of $95,441, $45,720, $9,564, $151 and $59,705 exists at December 31, 2011, 2010, 2009, 2008 and 2007, respectively.