Exhibit 12

LEXINGTON REALTY AND TRUST

and Consolidated Subsidiaries

For the years ended December 31,

($000’s)

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

Earnings	2010			2009			2008			2007			2006
Loss before benefit (provision) for income taxes, noncontrolling interest, equity in earnings (losses) of non-consolidated entities, gains on sale-affiliates and discontinued operations	$	(23,919	)	$	(7,844	)	$	(679	)	$	(57,792	)	$	(15,769	)
Interest expense		117,814			123,211			144,016			150,773			56,268
Amortization expense — debt cost		5,301			4,582			4,103			4,079			1,342
Cash received from joint ventures		4,590			20,948			28,052			17,388			22,239
Total	$	103,786		$	140,897		$	175,492		$	114,448		$	64,080
Fixed charges:
Interest expense	$	117,814		$	123,211		$	144,016		$	150,773		$	56,268
Amortization expense — debt cost		5,301			4,582			4,103			4,079			1,342
Capitalized interest expense		791			778			350			277			513
Preferred stock dividends		24,872			25,281			26,915			26,733			16,435
Total	$	148,778		$	153,852		$	175,384		$	181,862		$	74,558
Ratio		N/A			N/A			1.00			N/A			N/A

N/A - Ratio is less than 1.0, deficit of $44,992, $12,955, $67,414 and $10,478 exists at December 31, 2010, 2009, 2007 and 2006, respectively.