- Declares Initial Preferred Stock Dividend -
SAN DIEGO, March 15 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc.
(NYSE: BMR) today announced that its board of directors has declared a first
quarter 2007 dividend of $0.31 per share of common stock, a 6.9% increase over
the company's previous quarterly dividend of $0.29 per share. The dividend is
payable on April 16, 2007 to stockholders of record at the close of business
on March 30, 2007. The increased dividend is equivalent to an annualized
dividend of $1.24 per common share.
BioMed also announced that its board of directors has declared a dividend
of $0.45582 per share of the company's 7.375% Series A Cumulative Redeemable
Preferred Stock for the period from the original issue date of January 18,
2007 through April 16, 2007. The dividend is payable on April 16, 2007 to
stockholders of record at the close of business on March 30, 2007.
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(TM). The company's
tenants primarily include biotechnology and pharmaceutical companies,
scientific research institutions, government agencies and other entities
involved in the life science industry, and its properties are generally
located in markets with well established reputations as centers for scientific
research, including Boston, San Diego, San Francisco, Seattle, Maryland,
Pennsylvania and New York/New Jersey. BioMed's real estate portfolio consists
of 56 properties, representing 92 buildings with approximately 7.9 million
rentable square feet in the major life science markets in the United States.
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 and the use of debt to fund acquisitions and developments;
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.
CONTACT: Kent Griffin, Chief Financial Officer of BioMed Realty Trust,
Web site: http://www.biomedrealty.com