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BioMed Realty Trust Reports First Quarter 2009 Operating and Financial Results
Date:4/29/2009

Generates Record $94 Million in Total Revenues for the Quarter

SAN DIEGO, April 29 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. (NYSE: BMR), a real estate investment trust focused on Providing Real Estate to the Life Science Industry(R), today announced operating and financial results for the first quarter ended March 31, 2009.

Highlights:

  • Record total revenues for the first quarter were $94.0 million, up 39.5% from $67.4 million for the same period in 2008, driven primarily by sustained leasing success and deliveries from the company's development pipeline.
  • Executed 13 leasing transactions during the quarter representing approximately 420,000 square feet:
    • Nine new leases totaling approximately 121,000 square feet, including approximately 24,400 square feet for the previously announced addition of Kowa Company, Ltd. to the premier tenant roster at the Center for Life Science | Boston, which increased the leased percentage to 91% at this world-class research facility. Also during the quarter, the company leased approximately 75,600 additional square feet to Arena Pharmaceuticals, Inc. at 6114-6154 Nancy Ridge Drive in San Diego.
    • Four leases amended to extend their terms totaling approximately 299,000 square feet, consisting primarily of the previously announced extensions through 2015 of two leases totaling approximately 292,800 square feet in Cambridge, Massachusetts with Vertex Pharmaceuticals Inc., including its corporate headquarters.
  • Completed construction and development of the Center for Life Science | Boston and achieved Gold LEED(R) certification. At 91% leased, the property was moved from the company's development portfolio into its stabilized operating portfolio.

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SOURCE BioMed Realty Trust, Inc.
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