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BioMed Reports Active Second Quarter

SAN DIEGO—Firm says gross leasing totaled 1.3 million square feet, and FFO of $.58 per share for the period.

By David Phillips | Updated on July 30, 2015

SAN DIEGO—BioMed Realty Trust says its unique platform, anchored by a deep team of life science real estate professionals, delivered a new record for gross leasing in the quarter ended June 30, with 1.3 million square feet. The activities included new leases with Eli Lilly and Alnylam Pharmaceuticals in Cambridge, MA, Regeneron Pharmaceuticals in New York, and Illumina in Cambridge, UK, as well as leases to top tier research institutions Duke University and Wake Forest University.

The firm reported funds from operations (FFO) and core FFO (CFFO) per diluted share of $0.58 for the second quarter ended June 30, driven by the company’s strong leasing, development deliveries, and investment activities over the past four quarters.

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