72.4 F
San Diego
Sunday, Sep 25, 2022
-Advertisement-

Revenue Rises at BioMed Realty Trust

BioMed Realty Trust Inc. saw total revenue rise 17.4 percent from a year ago, to $134.5 million, in its third quarter ending Sept. 30, the San Diego-based investment firm reported.

Adjusted funds from operations available to common shares, an industry metric gauging the performance of real estate portfolios, was up 30 percent, to $55.6 million, amounting to an increase of 10 percent on a per-share basis.

The real estate investment trust’s net income available to common stockholders was down 42 percent, to $2.8 million.

The company said its national portfolio of life-sciences properties stood at 13.1 million rentable square feet at the end of the third quarter, with an additional 4 million square feet available for potential development. The portfolio was approximately 90.5 percent leased as of Sept. 30.

- Advertisement -

BioMed has headquarters in Rancho Bernardo and trades under the symbol BMR on the New York Stock Exchange.

— SDBJ Staff Report

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-