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BioMed Realty Trust Reports Second Quarter 2009 Operating and Financial Results
Date:7/29/2009

SAN DIEGO, July 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 second quarter ended June 30, 2009.

Highlights:

  • Increased total revenues for the second quarter to $86.1 million, up 21.6% from $70.8 million for the same period in 2008, driven primarily by sustained leasing success and deliveries from the company's development pipeline.
  • Executed 17 leasing transactions during the quarter, representing approximately 250,000 square feet. The company entered into 14 new leases totaling approximately 229,000 square feet, including a lease with Regeneron Pharmaceuticals, Inc. encompassing approximately 80,000 square feet at The Landmark at Eastview campus in Tarrytown, New York. Three leases totaling approximately 21,000 square feet were amended to extend their terms.
  • Secured a new $350 million loan for the Center for Life Science | Boston, the company's newly constructed 700,000+ square foot state-of-the-art research facility that recently received Gold LEED(R) certification from the U.S. Green Building Council.
  • Secured a new $18 million loan for the company's 9865 Towne Centre Drive property which was built for, and is fully leased to, Illumina, Inc., and which recently received Silver LEED(R) certification from the U.S. Green Building Council.
  • Repurchased $8.8 million face value of exchangeable senior notes for approximately 65% of par, resulting in a gain on extinguishment of debt of approximately $2.6 million.
  • Completed a follow-on public offering of common stock, raising approximately $166.9 million in net proceeds.
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SOURCE BioMed Realty Trust, Inc.
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