SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2003
LEXINGTON CORPORATE PROPERTIES TRUST
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(Exact Name of Registrant as specified in its charter)
Maryland 1-12386 13-3717318
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
355 Lexington Avenue, New York, New York 10017
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 692-7260
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Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
Lexington Corporate Properties Trust (the "Company") is electing to re-issue in
an updated format the presentation of its historical financial statements in
accordance with the provisions of Statement of Financial Accounting Standards
No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets ("SFAS
144") and Statement of Financial Accounting Standards No. 145, Rescission of
FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and
Technical Corrections.
During the six months ended June 30, 2003, the Company sold certain properties
and in accordance with SFAS 144 has reported revenue, expenses and gain on sale
from these properties as discontinued operations for the periods presented in
its quarterly report on Form 10-Q filed on August 13, 2003 for the three months
and six months ended June 30, 2003. In addition, the Company has reclassified
charges associated with debt satisfactions from extraordinary items to a
component of continuing operations. These reclassifications had no effect on the
Company's reported net income or net income per common share.
This Current Report on Form 8-K updates Items 6, 7, 8 and 15(a)3 of the
Company's Form 10-K to reflect those properties sold during 2003 as discontinued
operations and the reclassification of debt satisfaction charges from
extraordinary item to continuing operations. All other items of the Form 10-K
remain unchanged.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Lexington Corporate Properties Trust
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Registrant
September 30, 2003 By:/s/ Patrick Carroll
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Patrick Carroll
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Document Description
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23.1 Consent of Independent Accountants
99.1 Selected Amended Items on Form 10-K
(a) Item 6. Selected Financial Data
(b) Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations
(c) Item 8. Financial Statements and Supplementary Data
(d) Item 15(a)3. Ratio of Earnings to Combined Fixed Charges and
Preferred Dividends
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