Close

BioMed Realty Trust Reports Second Quarter 2010 Financial Results

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

Global Infection Control Market- $415 Billion on the Cards

As per the SNS insider, the global infection control...

AI in Healthcare Market to Reach $187.7 Billion by 2030

AI in Healthcare Market Revenue worth $187.7 Billion by...

Rise in Healthcare Grows Medical Device Technologies Market

The global medical device technologies market, which is valued...

 BioMed Realty Trust, Inc., a real estate investment trust focused on Providing Real Estate to the Life Science Industry®, today announced financial results for the second quarter ended June 30, 2010.

Second Quarter Financial Results

Total revenues for the second quarter were $92.9 million, compared to $86.1 million for the same period in 2009, an increase of 7.9%.  Rental revenues for the second quarter were $72.4 million, compared to $65.7 million for the same period in 2009, an increase of 10.1% and the highest in the company’s history.

The current operating portfolio weighted average leased percentage increased to 89.1% as of June 30, 2010 from 88.0% as of March 31, 2010.  The same property portfolio increased to 88.2% leased as of June 30, 2010.  Same property net operating income on a cash basis increased 3.5% for the quarter compared to the same period in 2009.  Excluding four properties for which lease terminations resulted in the company recognizing $10.3 million of other income during 2009, same property net operating income on a cash basis increased 4.2%, primarily as a result of contractual rent escalations.

Net income available to common stockholders for the second quarter was $4.2 million, or $0.04 per diluted share, compared to $18.2 million, or $0.20 per diluted share, for the same period in 2009.  FFO for the quarter was $31.4 million, or $0.28 per diluted share, compared to $44.0 million, or $0.48 per diluted share, for the same period in 2009. 

FFO is a supplemental non-GAAP financial measure used in the real estate industry to measure and compare the operating performance of real estate companies.

Latest stories

Related stories

Global Infection Control Market- $415 Billion on the Cards

As per the SNS insider, the global infection control...

AI in Healthcare Market to Reach $187.7 Billion by 2030

AI in Healthcare Market Revenue worth $187.7 Billion by...

Rise in Healthcare Grows Medical Device Technologies Market

The global medical device technologies market, which is valued...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back