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BioMed Realty Trust Reports Third Quarter 2008 Financial Results
Date:10/29/2008

SAN DIEGO, Oct. 29 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. (NYSE: BMR), a real estate investment trust focused on providing real estate to the life science industry, today announced financial results for the third quarter ended September 30, 2008.

Highlights:

-- Quarterly total revenues increased 24.6% to $80.8 million from

$64.8 million in the third quarter 2007

-- Completed delivery of the 84,000 square foot build-to-suit laboratory

and office facility at our Towne Centre Drive campus in San Diego to

our tenant, Illumina, Inc.

-- Continued delivery of space to Beth Israel Deaconess Medical Center,

Inc. at the Center for Life Science | Boston, bringing total occupancy

at the building to nearly 80% at the end of the quarter

-- Executed leasing transactions during the quarter representing nearly

200,000 square feet:

o Six new leases totaling approximately 52,000 square feet, including

an approximately 28,000 square foot lease with Nteryx, Inc. at our

Ardenwood Boulevard property in the Fremont/Newark submarket of the

San Francisco Bay Area

o Seven leases amended to extend their terms totaling approximately

147,000 square feet, including a 15-year extension on approximately

91,000 square feet leased to Regeneron Pharmaceuticals, Inc.,

expanding Regeneron's long-term commitment at our Landmark at

Eastview property in New York to over 348,000 square feet

-- Funds from operations (FFO) for the quarter increased 15.5% from the

third quarter 2007 to $35.6 million, or $0.48 per diluted share

"Our continued successe
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SOURCE BioMed Realty Trust, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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