BIOMED REALTY TRUST, INC.
FUNDS FROM OPERATIONS(In thousands, except share and per share data)
(Unaudited)
The following table provides the calculation of our FFO and a reconciliation to net income available to common stockholders (in thousands, except per share amounts):
For the Three Months For the Nine Months
Ended September 30, Ended September 30,
2007 2006 2007 2006
Net income available to common
stockholders $12,215 $10,812 $42,436 $22,444
Adjustments:
Minority interests in operating
partnership 545 514 1,895 1,192
Loss/(gain) on sale of real estate
assets 1 - (1,087) -
Depreciation and amortization -
real estate assets
(unconsolidated partnerships) 366 20 745 60
Depreciation and amortization -
real estate assets (consolidated
entities-discontinued operations) - 137 228 411
Depreciation and amortization -
real estate assets (consolidated
entities-continuing operations) 17,665 18,481 54,556 46,283
Funds from operations $30,792 $29,964 $98,773 $70,390
Funds from operations per share -
diluted $0.45 $0.47 $1.45 $1.26
Weighted-average common shares
outstanding - diluted 68,274,908 63,646,647 68,262,086 55,926,343
We present funds from operations, or FFO, because we consider it an
important supplemental measure of our operating performance and believe it
is frequently used by securities analysts, investors and other interested
parties
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