BioMed Realty Trust Reports Second Quarter 2008 Financial Results

Rental revenues for the quarter were $54.2 million, representing a 9.6% increase versus the second quarter of 2007. Same property net operating income increased 6.1% on a cash basis for the second quarter of 2008 compared to the second quarter of 2007.

Total revenues for the quarter were $70.8 million, compared to $68.4 million in the second quarter of 2007. Net income available to common stockholders for the quarter was $14.1 million, or $0.20 per diluted share, compared to $14.2 million, or $0.22 per diluted share, in the second quarter of 2007. Net income available to common stockholders for the second quarter of 2007 included $1.3 million, or $0.02 per diluted share, in income from discontinued operations and $2.9 million, or $0.04 per diluted share, in lease termination fees.

FFO during the quarter was $34.5 million, compared to $33.8 million in the comparable period in 2007. FFO per diluted share was $0.47 for the second quarter of 2008 versus $0.50 in the second quarter of 2007. FFO for the second quarter of 2007 included $2.9 million, or $0.04 per diluted share, in lease termination fees.