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biomed realty trust inc (BMR) Key Developments

BioMed Realty Trust Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

BioMed Realty Trust Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s total revenues were $171,161,000 compared to $159,639,000 a year ago. Income from operations was $41,212,000 compared to $41,625,000 a year ago. Net income was $19,098,000 compared to $15,037,000 a year ago. Net income attributable to the company was $18,636,000 compared to $14,803,000 a year ago. Net income available to common stockholders was $18,636,000 compared to $14,803,000 a year ago. Income from continuing operations per share available to common stockholders basic and diluted earnings per share was $0.10 compared to $0.08 a year ago. Diluted FFO available to common shares and units was $83,378,000 or $0.40 per share compared to $80,514,000 or $0.41 per share a year ago. AFFO available to common shares and units was $67,322,000 or $0.32 per share compared to $73,951,000 or $0.37 per share a year ago. For the six month, the company’s total revenues were $340,037,000 compared to $320,090,000 a year ago. Income from operations was $81,964,000 compared to $88,495,000 a year ago. Net income was $39,865,000 compared to $32,497,000 a year ago. Net income attributable to the company was $37,469,000 compared to $32,118,000 a year ago. Net income available to common stockholders was $37,469,000 compared to $23,194,000 a year ago. Income from continuing operations per share available to common stockholders basic and diluted earnings per share was $0.19 compared to $0.13 a year ago. Diluted FFO available to common shares and units was $166,760,000 or $0.81 per share compared to $151,847,000 or $0.83 per share a year ago. AFFO available to common shares and units was $146,832,000 or $0.70 per share compared to $155,376,000 or $0.83 per share a year ago. For the year 2014, the company projected net income per diluted share available to common stockholders between $0.26 to $0.30, FFO per diluted share between $1.50 to $1.54 and CFFO per diluted share between $1.51 to $1.55. The company expects real estate depreciation and amortization of $1.26.

BioMed Realty Trust Inc., Q2 2014 Earnings Call, Aug 06, 2014

BioMed Realty Trust Inc., Q2 2014 Earnings Call, Aug 06, 2014

BioMed Realty Mulls Acquisitions

BioMed Realty Trust Inc. (NYSE:BMR) is looking for acquisitions. BioMed Realty Trust Inc. stated that the company continues to target new investment opportunities, including acquisitions and new development projects.

BioMed Realty Trust Inc. - Analyst/Investor Day

To discuss the company's financial results and operations for the quarter ended June 30, 2014, including an in-depth update of the company's business

BioMed Realty and Bristol-Myers Squibb Sign Lease

BioMed Realty Trust Inc. announced that Bristol-Myers Squibb has signed a ten-year lease for approximately 61,000 square feet of additional laboratory and office space at the company's Woodside Technology Park life science campus in Redwood City, California. The Redwood City campus will serve as Bristol-Myers Squibb's hub for discovering pioneering cancer therapies in the emerging field of immunotherapy. With this lease, Bristol-Myers Squibb will fully occupy two of the three buildings at the campus totaling 194,100 square feet as the company continues to further strengthen its presence in the Bay Area, and will provide additional capacity to conduct biologics drug discovery research at Woodside Technology Park. Currently, Bristol-Myers Squibb is leasing the entire 700 Bay Road building on the campus comprising approximately 133,100 square feet. In addition to expanding Bristol-Myers' footprint at Woodside Technology Park, the companies agreed to extend the term of the lease on the 700 Bay Road building, previously expiring in December 2022, by an additional 30 months.

 

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