BioMed Realty Trust Q2 FFO Rises

(RTTNews) - BioMed Realty Trust, Inc. (BMR) Tuesday reported second-quarter funds from operations of $83.4 million or $0.40 per share, compared to $80.5 million or $0.40 per share a year ago.

On average, 11 analysts polled by Thomson-Reuters estimated the company's FFO to be $0.36 for the quarter. Analysts' estimates typically exclude one-time items.

Net income rose to $18.6 million or $0.10 per share, from $14.8 million a year ago or $0.08 per share a year ago.

Total revenues rose to $171.2 million from $159.6 million a year ago. Analysts estimated revenues of $160.77 million for the quarter.

For full-year 2014, the company raised its guidance for FFO to $1.50 to $1.54 per share from prior outlook of $1.45 to $1.53 per share. Analysts currently expect FFO of $1.50 per share.

The company also increased its annual earnings guidance to $0.26 to $0.30 per share from previous forecast of $0.19 to $0.27 per share.