EX-12.2 8 exhibit122.htm EXHIBIT EXHIBIT 12.2

Exhibit 12.2

LEXINGTON REALTY TRUST
and Consolidated Subsidiaries
For the six months ended June 30, 2012 and the years ended December 31,
($000's)
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED SHARE DIVIDENDS

 
 
Six Months
 
December 31,
Earnings:
 
2012
 
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
 
$
(6,808
)
 
$
(54,320
)
 
$
(27,032
)
 
$
(5,985
)
 
$
(1,381
)
 
$
(49,910
)
Interest expense
 
47,343

 
103,721

 
112,361

 
116,644

 
136,413

 
143,397

Amortization expense - debt cost
 
1,700

 
3,749

 
5,237

 
4,516

 
4,020

 
3,988

Cash received from joint ventures
 
6,080

 
11,689

 
4,590

 
20,948

 
28,052

 
17,388

Adjusted Earnings
 
$
48,315

 
$
64,839

 
$
95,156

 
$
136,123

 
$
167,104

 
$
114,863

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges and Preferred Share Dividends:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
47,343

 
$
103,721

 
$
112,361

 
$
116,644

 
$
136,413

 
$
143,397

Amortization expense - debt cost
 
1,700

 
3,749

 
5,237

 
4,516

 
4,020

 
3,988

Capitalized interest expense
 
1,194

 
1,792

 
791

 
778

 
350

 
277

Preferred share dividends
 
11,294

 
24,507

 
24,872

 
25,281

 
26,915

 
26,733

Combined Fixed Charges and Preferred Share Dividends
 
$
61,531

 
$
133,769

 
$
143,261

 
$
147,219

 
$
167,698

 
$
174,395

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio
 
N/A (1)

 
N/A (1)

 
N/A (1)

 
N/A (1)

 
N/A (1)

 
N/A (1)



(1)
N/A - Ratio is less than 1.0, deficit of $13,216, $68,930, $48,105, $11,096, $594 and $59,532 exists at June 30, 2012 and December 31, 2011, 2010, 2009, 2008 and 2007, respectively.