Exhibit 12.1

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	2016		2015		2014		2013			2012
Income (loss) before provision for income taxes, noncontrolling interests, equity in earnings (losses) of non-consolidated entities, gain on acquisition and discontinued operations	$	90,299	$	112,025	$	48,325	$	(17,687	)	$	(4,356	)
Interest expense	83,957		85,549		93,297		82,465			81,010
Amortization expense - debt cost	4,075		4,190		4,006		3,427			3,240
Cash received from joint ventures	815		2,056		1,381		918			7,498
Total	$	179,146	$	203,820	$	147,009	$	69,123		$	87,392
Fixed charges:
Interest expense	$	83,957	$	85,549	$	93,297	$	82,465		$	81,010
Amortization expense - debt cost	4,075		4,190		4,006		3,427			3,240
Capitalized interest expense	4,933		6,062		3,424		2,327			2,916
Preferred stock dividends	6,290		6,290		6,290		9,833			20,291
Total	$	99,255	$	102,091	$	107,017	$	98,052		$	107,457
Ratio	1.80		2.00		1.37		N/A			N/A

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