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BioMed reports increased revenue in 3Q

San Diego real estate investment trust BioMed Realty Trust Inc. (NYSE: BMR) announced Friday its financial results for the third quarter ended Sept. 30, with news that the company increased funds from operations for the quarter by 13.3 percent to $0.34 per diluted share, as compared to $0.30 per diluted share in the third quarter of 2011.

BioMed also increased adjusted funds from operations for the quarter by 10 percent to $0.33 per diluted share, as compared to $0.30 per diluted share in the third quarter of 2011. The company's total operating portfolio leased percentage rose to approximately 90.5 percent at quarter end, on a weighted-average basis, as the result of executing 22 leasing transactions during the quarter representing approximately 367,400 square feet.

Total revenues for the third quarter were $134.5 million, compared to $114.6 million for the same period in 2011. Rental revenues for the third quarter were $101.5 million, compared to $83.5 million for the same period in 2011. The company reported net income available to common stockholders for the third quarter of $2.8 million, or $0.02 per diluted share.

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BioMed Realty Trust Inc.

Company Website

17190 Bernardo Center Dr.
San Diego, CA 92128

BioMed Realty Trust Inc. Executive(s):

Alan Gold

  • Chairman, Chief Executive Officer, President

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