Investor Presentation

Fourth Quarter 2020

Disclosure

This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended,

which involve known and unknown risks, uncertainties or other factors not under Lexington Realty Trust's ("Lexington" or "LXP") 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. These factors include, but are not limited to, those factors and risks detailed in Lexington's filings with the Securities and Exchange Commission. Except as required by law, Lexington undertakes no obligation to (1) 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 or (2) update or supplement forward-looking statements that become untrue because of subsequent events. Accordingly, there is no assurance that Lexington's expectations will be realized.

For information on non-GAAP measures, please see the definitions at the end of the presentation.

The Investment Opportunity

Well-Located, Modern Industrial AssetsE-commerce and Logistics DemandBalanced Income and Growth StrategyConsistent Operating PerformanceStrong and Flexible Balance SheetDeep Investment & Financial Expertise

Spectrum Brands Pet Group, St. Louis, MO

3

Focused Industrial Investment Strategy

SECTOR FOCUS

  • Industrial

GROWTH &

INCOME

  • Grow cash flow through investment activity and contractual annual rental escalations

  • Provide growing dividends that are attractive relative to fixed-income alternatives

PORTFOLIO

  • Increase industrial asset exposure to become a 100% single-tenant industrial REIT

MANAGEMENT

Focus on maximizing value of remaining office/non-core portfolio

ASSET MANAGEMENT

  • Focus on tenant relationships

  • Manage lease expirations and weighted-average lease term

  • Sustain high levels of occupancy

BALANCE

SHEET

  • Maintain low to moderate leverage

  • Access to secured and investment-grade unsecured debt

  • Incorporate primarily long-term, fixed-rate debt with balanced maturities

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Disclaimer

Lexington Realty Trust published this content on 22 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2021 22:03:20 UTC.