Lexington Realty Trust Announces Quarterly Dividend on Common Shares of $0.18 Per...

Lexington Realty Trust Announces Quarterly Dividend on Common Shares of $0.18
Per Share Payable 10% in Cash and 90% in Common Shares

NEW YORK, June 16 /PRNewswire-FirstCall/ -- Lexington Realty Trust
("Lexington") (NYSE: LXP), a real estate investment trust (REIT) focused on
single-tenant real estate investments, today announced that it declared a
regular common share dividend for the quarter ending June 30, 2009 of $0.18
per common share payable on July 30, 2009 to common shareholders of record on
June 30, 2009. The dividend will be paid in a combination of cash, not to
exceed 10% in the aggregate, and common shares. Lexington estimates that it
will retain at least approximately $17.2 million of additional liquidity by
paying 90% of this quarterly common share dividend in common shares.

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In accordance with Internal Revenue Service procedure, common shareholders
will be asked to make an election to receive this dividend all in cash or all
in common shares. To the extent that more than 10% cash is elected, the cash
portion will be prorated. Common shareholders who do not make an election will
receive 10% in cash and 90% in common shares. Common shares will be priced at
the volume weighted average trading prices of Lexington's common shares on the
New York Stock Exchange on July 27 and 28, 2009. Lexington expects the
dividend to be taxable to its common shareholders. Lexington reserves the
right to pay the dividend entirely in cash.

An information letter and election form will be mailed to common shareholders
of record promptly after June 30, 2009. The properly completed election form
to receive cash or common shares must be received by Lexington's transfer
agent prior to 5:00 p.m. (EST) on July 27, 2009. Registered shareholders with
questions regarding the dividend election may call BNY Mellon Shareowner
Services, Lexington's transfer agent, at (201) 680-6578. If your common shares
are held through a bank, broker or nominee, and you have questions regarding
the dividend election please contact such bank, broker or nominee, who will
also be responsible for distributing to you the letter and election form and
submitting the election form on your behalf.

Lexington also declared cash dividends of $0.503125 per Series B Cumulative
Redeemable Preferred Share, $0.8125 per Series C Cumulative Convertible
Preferred Share, and $0.471875 per Series D Cumulative Redeemable Preferred
Share. The Series B and Series C Preferred Share dividends are payable on
August 17, 2009, to shareholders of record of the Series B and Series C
Preferred Shares as of July 31, 2009. The Series D Preferred Share dividend is
payable July 15, 2009, to shareholders of record of the Series D Preferred
Shares as of June 30, 2009.

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 www.lxp.com or
by contacting Lexington Realty Trust, Investor Relations, One Penn Plaza,
Suite 4015, New York, New York 10119-4015.

This release may contain certain forward-looking statements which involve
known and unknown risks, uncertainties or other factors not under Lexington's
control which may cause actual results, performance or achievements of
Lexington to be materially different from the results, performance, or other
expectations implied by these forward-looking statements. Factors that could
cause or contribute to such differences include, but are not limited to, those
discussed under the headings "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and "Risk Factors" in
Lexington's Annual Report on Form 10-K filed with the Securities and Exchange
Commission ("SEC") on March 2, 2009 and other periodic reports filed with the
SEC. Copies of the periodic reports Lexington files with the SEC are available
on Lexington's website at www.lxp.com. Lexington undertakes no obligation to
publicly release the results of any revisions to those forward-looking
statements which may be made to reflect events or circumstances after the
occurrence of unanticipated events. Accordingly, there is no assurance that
Lexington's expectations will be realized.

SOURCE Lexington Realty Trust

Investors or Media, Patrick Carroll, CFO of Lexington Realty Trust,
+1-212-692-7200, pcarroll@lxp.com