Lexington Realty Trust to Present at Investor Conference

Provides Update on Recent Activity

NEW YORK, June 3 /PRNewswire-FirstCall/ -- Lexington Realty Trust ("Lexington") (NYSE: LXP), a real estate investment trust focused on single-tenant real estate investments, today announced that it will present at REITWeek 2009: NAREIT's Investor Forum. Lexington's presentation is scheduled for Thursday, June 4, 2009 at 10:15 a.m., Eastern Time. Presenting will be T. Wilson Eglin, Lexington's Chief Executive Officer, President and Chief Operating Officer. A copy of the materials used during the presentation will be available on Lexington's web site in the Investor Relations section beginning on Thursday, June 4, 2009.

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In connection with the presentation, Lexington is providing the following update on second quarter activity:

    --  Lexington reduced its consolidated debt by $81.3 million, including
        $46.6 million original principal amount of 5.45% Exchangeable Guaranteed
        Notes repurchased at an 18.1% discount. As of June 3, 2009, $141.9
        million original principal amount of 5.45% Exchangeable Guaranteed Notes
        remain outstanding.
    --  Lexington sold its interests in five properties to unrelated parties for
        an aggregate sales price of approximately $58.2 million. The properties
        generated annualized net operating income of $4.4 million, or 7.6% of
        the sales price.
    --  Lexington received approximately $3.9 million in full satisfaction of
        two loans it held.

    --  Lexington executed 18 new and renewal leases for approximately 663,000
        square feet.

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust is a real estate investment trust that owns, invests in, and manages office, industrial and retail properties net-leased to major corporations throughout the United States and provides investment advisory and asset management services to investors in the net lease area. Lexington shares are traded on the New York Stock Exchange under the symbol "LXP". Additional information about Lexington is available on-line at https://www.lxp.com or by contacting Lexington Realty Trust, One Penn Plaza, Suite 4015, New York, New York 10119-4015, Attention: Investor Relations.

SOURCE Lexington Realty Trust