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BioMed Realty Trust Reports Second Quarter 2013 Financial Results
Date:8/6/2013

SAN DIEGO, Aug. 6, 2013 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR), a real estate investment trust (REIT) that delivers optimal real estate solutions for the life science industry, today announced financial results for the second quarter ended June 30, 2013.

Second Quarter 2013 Highlights

  • Executed 20 leasing transactions during the quarter representing approximately 898,000 square feet, contributing to an operating portfolio leased percentage on a weighted-average basis of approximately 90.8% at quarter end, and comprised of:
  • Eight new leases totaling approximately 422,800 square feet, highlighted by:
  • a pre-leased build-to-suit transaction with Regeneron Pharmaceuticals, to construct two new buildings with an initial 15-year lease term totaling approximately 297,000 square feet at The Landmark at Eastview in Tarrytown, New York;
  • a lease expansion with a private biotechnology company for approximately 32,900 square feet at the company's Pacific Research Center (PRC) in Newark, California; and
  • a new lease with Inovio Pharmaceuticals for 26,500 square feet at the company's Wateridge Circle property in San Diego, California.
  • Twelve lease renewals totaling approximately 475,300 square feet, highlighted by:
  • a lease extension with Regeneron Pharmaceuticals for approximately 360,500 square feet at The Landmark at Eastview which now extends to July 2029; and
  • a lease expansion and extension with MedImmune, a subsidiary of AstraZeneca, for approximately 24,400 square feet at the company's Bridgeview Technology Park in Hayward, California.
  • Same property net operating income on a cash basis for the second quarter increased 4.9% versus the same period in 2012, excluding the 180 and 200 Oyster Point properties, which were leased to Life Technologies in the second quarter and for w
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  • SOURCE BioMed Realty Trust, Inc.
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