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BioMed Realty Trust Reports Third Quarter 2007 Financial Results
Date:11/7/2007

year-to-date total acquisitions to $653.8 million:

-- 238,000 square feet of industrial/warehouse space located in South

San Francisco, California, which is currently fully leased and

targeted for future redevelopment as laboratory/office space

-- 67,000 square feet of laboratory/office space located in San

Diego, California, which is fully leased to Artes Medical, Inc.

-- Disposed of two non-core assets, previously held for sale and owned by

our joint venture with Prudential Real Estate Investors

-- Amended our $250 million secured term loan, extending the term to

August 2012, lowering the borrowing rate by 60 basis points, and, when

combined with our in-place interest rate swap, fixing the effective

interest rate at 5.8% into 2010

-- Amended our unsecured line of credit, increasing the available

borrowings to $600 million, reducing the borrowing rate, extending the

term to August 2011 and increasing the accordion feature to

$1.0 billion

"We are very pleased to once again report a strong quarter of financial performance. Our leasing team continues to execute across our core markets, including leasing activity in San Diego, San Francisco, Seattle, Pennsylvania and New York. We remain optimistic as we see continued strength in the life science industry and improving occupancy rates in our core markets," commented Alan D. Gold, President and Chief Executive Officer of BioMed Realty Trust.

"Our development and redevelopment programs continue to make strong progress, and we are excited to have now commenced construction on the new 280,000 square foot Class A laboratory and office facility in East Cambridge that we own with our partner Prudential Real Estate Investors," added Mr. Gold.

Third Quarter 2007 Financial Results

Total revenues for the quarter increased to $64.8 million from $63.8 million
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SOURCE BioMed Realty Trust, Inc.
Copyright©2007 PR Newswire.
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