SAN DIEGO, April 16, 2009 /PRNewswire-FirstCall via COMTEX/ -- BioMed Realty Trust, Inc. (NYSE: BMR) announced today that its 2008 Online Annual Report and other proxy materials are now available at www.biomedrealty.com/08ar. Entitled "Built to Thrive," the online annual report is designed to more actively and effectively communicate BioMed's business strategy and operating and financial results for 2008 by utilizing a state-of-the-art interface design, with a combination of video and textual components, to share information with stockholders.
The online initiative stems from BioMed's commitment to sustainability as The Leading Provider of Environmentally Sustainable Real Estate to the Life Science Industry(R). In addition to improving communication and building stockholder value by reducing costs, the innovative delivery approach supports the company's economic, social and environmental goals by moving to an online format to take advantage of the electronic reporting guidelines approved by the Securities and Exchange Commission.
BioMed also announced the simultaneous release of the company's enhanced interactive web presence at www.biomedrealty.com, which has been designed to enrich the user's experience with abundant multi-media features and content, while offering fast and easy navigation throughout the site.
"With the introduction of our online annual report and enhanced web presence, BioMed continues to raise the standard for proactive communication and transparency in its disclosure to stockholders and the public," said Alan D. Gold, Chairman and Chief Executive Officer of BioMed. "I am very proud of our team for identifying the opportunity and taking on the challenge to improve our communications, while simultaneously lowering operating costs and strengthening our commitment to sustainability. 2008 was a strong year for BioMed, and this online format enables us to communicate that message more effectively. We invite you to explore our online annual report in detail to learn more about our success in 2008."
About BioMed Realty Trust
BioMed Realty Trust, Inc. is a real estate investment trust (REIT) focused on Providing Real Estate to the Life Science Industry(R). The company's tenants primarily include biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry. BioMed Realty Trust owns or has interests in 69 properties, representing 112 buildings with approximately 10.5 million rentable square feet, including approximately 735,000 square feet of development in progress. The company also owns undeveloped land parcels adjacent to existing properties that it estimates can support up to 1.4 million rentable square feet. The company's properties are located predominantly in the major U.S. life science markets of Boston, San Diego, San Francisco, Seattle, Maryland, Pennsylvania and New York/New Jersey, which have well-established reputations as centers for scientific research. Additional information is available at www.biomedrealty.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, without limitation: general risks affecting the real estate industry (including, without limitation, the inability to enter into or renew leases, dependence on tenants' financial condition, and competition from other developers, owners and operators of real estate); adverse economic or real estate developments in the life science industry or the company's target markets; risks associated with the availability and terms of financing, the use of debt to fund acquisitions and developments, and the ability to refinance indebtedness as it comes due; failure to manage effectively the company's growth and expansion into new markets, or to complete or integrate acquisitions and developments successfully; risks and uncertainties affecting property development and construction; risks associated with downturns in the national and local economies, increases in interest rates, and volatility in the securities markets; potential liability for uninsured losses and environmental contamination; risks associated with the company's potential failure to qualify as a REIT under the Internal Revenue Code of 1986, as amended, and possible adverse changes in tax and environmental laws; and risks associated with the company's dependence on key personnel whose continued service is not guaranteed. For a further list and description of such risks and uncertainties, see the reports filed by the company with the Securities and Exchange Commission, including the company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE BioMed Realty Trust, Inc.