UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2019. or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________________ to ________________ Commission File Number 1-12386 LEXINGTON REALTY TRUST (Exact name of registrant as specified in its charter) (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________________ to ________________ Commission File Number 1-12386 LEXINGTON REALTY TRUST (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation of organization) FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of ...

[PART I — FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20%E2%80%94%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=3&type=section&id=ITEM%201.%20Financial%20Statements%20(Unaudited)) Q1 2019 net income improved to **$28.0 million** due to reduced impairment charges, despite lower revenues from property sales, with ASC 842 adoption impacting the balance sheet Balance Sheet Summary (in thousands) | Financial Metric | March 31, 2019 | December 31, 2018 | | :--- | :--- | :--- | | Total Assets | $2,970,190 | $2,953,840 | | Total Liabilities | $1,624,856 | $1,607,162 | | Total Equity | $1,345,334 | $1,346,678 | Income Statement Summary (in thousands) | Income Statement (in thousands) | Q1 2019 | Q1 2018 | | :--- | :--- | :--- | | Total Gross Revenues | $81,248 | $102,821 | | Impairment Charges | ($588) | ($53,049) | | Net Income (Loss) Attributable to Shareholders | $28,027 | ($14,315) | | Net Income (Loss) per Common Share (Diluted) | $0.11 | ($0.07) | Cash Flow Summary (in thousands) | Cash Flow Summary (in thousands) | Q1 2019 | Q1 2018 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $47,621 | $56,221 | | Net Cash Provided by Investing Activities | $19,810 | $51,237 | | Net Cash Used in Financing Activities | ($65,102) | ($121,921) | - The company adopted the new lease accounting standard, ASC Topic 842, on January 1, 2019 This resulted in the initial recognition of operating lease right-of-use assets of **$41.8 million** and operating lease liabilities of **$43.0 million**[36](index=36&type=chunk)[101](index=101&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=ITEM%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management highlights the strategic shift to industrial assets (**72.2%** of portfolio), explaining Q1 2019 revenue decline from dispositions, net income increase from reduced impairment, and a **2.2%** same-store NOI decrease - The company's current business strategy focuses on growing its portfolio with leased industrial investments and selling non-core assets like office and retail properties As of March 31, 2019, industrial assets increased to **72.2%** of the portfolio's gross book value[110](index=110&type=chunk) - During Q1 2019, the company entered into new leases and extensions for approximately **1.5 million square feet** The average fixed rent on extended leases increased from **$12.16** to **$12.95 per square foot**[112](index=112&type=chunk) - The **$42.4 million** increase in net income attributable to common shareholders compared to Q1 2018 was primarily due to a **$52.5 million** decrease in impairment charges This was partially offset by a **$21.6 million** decrease in gross revenues from property sales[127](index=127&type=chunk)[128](index=128&type=chunk)[130](index=130&type=chunk) - Same-store Net Operating Income (NOI) decreased by **2.2%** in Q1 2019 compared to Q1 2018, primarily due to a decrease in occupancy from **97.2%** to **94.8%**[133](index=133&type=chunk) FFO Metric (per share) | FFO Metric (per share) | Q1 2019 | Q1 2018 | | :--- | :--- | :--- | | FFO - Diluted | $0.20 | $0.25 | | Adjusted Company FFO - Diluted | $0.20 | $0.25 | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=37&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk exposure is related to interest rate fluctuations on its variable-rate debt, which was **$429.1 million** or **28.7%** of total debt, with a 100 basis point increase impacting interest expense by **$1.0 million** - As of March 31, 2019, the company had **$429.1 million** in consolidated aggregate principal variable-rate indebtedness, which is **28.7%** of its total consolidated debt[144](index=144&type=chunk) - A **100 basis point** increase in the weighted-average interest rate would have increased interest expense by **$1.0 million** for the three months ended March 31, 2019[144](index=144&type=chunk) - The company had no interest rate swap agreements as of March 31, 2019, as the previous swaps on its term loans expired in January 2019[64](index=64&type=chunk)[146](index=146&type=chunk) [Item 4. Controls and Procedures](index=37&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2019, with no material changes to internal control over financial reporting during the quarter - Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2019[148](index=148&type=chunk) - No changes were identified in the internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[149](index=149&type=chunk) [PART II — OTHER INFORMATION](index=38&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=38&type=section&id=ITEM%201.%20Legal%20Proceedings) The company is involved in a legal dispute with Cummins Inc. regarding a purchase option for a Columbus, Indiana office building, which the company intends to vigorously defend - A significant legal proceeding involves tenant Cummins Inc., who is seeking a court declaration to purchase a building in Columbus, Indiana, despite failing to timely exercise a purchase option by the July 15, 2018 deadline[99](index=99&type=chunk)[151](index=151&type=chunk) - The company filed a motion to dismiss the complaint on January 8, 2019, and intends to vigorously defend its right to retain ownership of the building[99](index=99&type=chunk)[151](index=151&type=chunk) [Item 1A. Risk Factors](index=38&type=section&id=ITEM%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K - The company reported no material changes in its risk factors from those disclosed in its most recent Annual Report[153](index=153&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=38&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q1 2019, the company repurchased **441,581** common shares at an average price of **$8.13** per share under its ongoing repurchase program Share Repurchase Activity | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | January 1 - 31, 2019 | 441,581 | $8.13 | | February 1 - 28, 2019 | — | — | | March 1 - 31, 2019 | — | — | | **First quarter 2019** | **441,581** | **$8.13** | - As of March 31, 2019, the company had authorization to repurchase a maximum of **10,306,255** additional shares under its program, which has no expiration date[89](index=89&type=chunk)[154](index=154&type=chunk) [Item 6. Exhibits](index=39&type=section&id=ITEM%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents, debt agreements, officer certifications, and XBRL data files

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to ________________ Commission File Number 1-12386 LEXINGTON REALTY TRUST (Exact name of registrant as specified in its charter) Maryland 13-3717 ...