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BioMed Realty Trust Reports First Quarter 2008 Financial Results
Date:4/30/2008

SAN DIEGO, April 30 /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 first quarter ended March 31, 2008.

Highlights:

-- Funds from operations (FFO) for the quarter were $31.3 million, or

$0.46 per diluted share

-- Increased quarterly common stock dividend by 8.1% to $0.335 per share,

equivalent to an annualized common stock dividend of $1.34 per share

-- Executed a long-term lease for 90,000 square feet with Revance

Therapeutics, Inc. at the Pacific Research Center, marking the

company's first life science tenant at the Pacific Research Center,

located in the San Francisco market

-- Acquired the 500 Fairview Avenue property, an approximately

22,000 square foot building in Seattle, Washington that is fully leased

to the State of Washington and targeted for future redevelopment as

laboratory/office space

-- Entered into a $245.0 million secured construction loan facility

through our joint venture with Prudential Real Estate Investors, at an

initial interest rate of reserve adjusted LIBOR plus a spread of

150 basis points, to fund the remaining anticipated cost to complete

construction at our 650 East Kendall Street property

-- Extended the term of the secured acquisition and interim loan facility

of our joint venture with Prudential Real Estate Investors to April 3,

2009

"We delivered yet another strong quarter of financial results in the first quarter. Our operating performance was solid and we are making
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SOURCE BioMed Realty Trust, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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