EX-12 2 lxpex12_20121231-ratioofea.htm EXHIBIT LXP EX12_2012.12.31 - 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
 
2012
 
2011
 
2010
 
2009
 
2008
Loss before benefit (provision) for income taxes, noncontrolling interests, equity in earnings (losses) of non-consolidated entities, gain on acquisition and discontinued operations
 
$
(9,598
)
 
$
(50,290
)
 
$
(28,240
)
 
$
(7,114
)
 
$
(2,349
)
Interest expense
 
95,443

 
102,736

 
111,287

 
115,489

 
135,071

Amortization expense - debt cost
 
3,360

 
3,742

 
5,229

 
4,508

 
4,013

Cash received from joint ventures
 
7,497

 
11,689

 
4,590

 
20,948

 
28,052

Total
 
$
96,702

 
$
67,877

 
$
92,866

 
$
133,831

 
$
164,787

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
95,443

 
$
102,736

 
$
111,287

 
$
115,489

 
$
135,071

Amortization expense - debt cost
 
3,360

 
3,742

 
5,229

 
4,508

 
4,013

Capitalized interest expense
 
3,062

 
1,769

 
765

 
602

 
350

Preferred stock dividends
 
20,291

 
24,507

 
24,872

 
25,281

 
26,915

Total
 
$
122,156

 
$
132,754

 
$
142,153

 
$
145,880

 
$
166,349

 
 
 
 
 
 
 
 
 
 
 
Ratio
 
N/A

 
N/A

 
N/A

 
N/A

 
N/A



N/A - Ratio is less than 1.0, deficit of $25,454, $64,877, $49,287, $12,049 and $1,562 exists at December 31, 2012, 2011, 2010, 2009 and 2008, respectively.