BioMed Realty Trust Q2 FFO Rises - Quick Facts

(RTTNews) - BioMed Realty Trust Inc. (BMR) Tuesday said second-quarter funds from operations, or FFO, increased to $80.51 million or $0.40 per share from $40.68 million or $0.24 per share in the same period last year.

CFFO for the quarter was $82.63 million or $0.41 per share. On average, 10 analysts polled by Thomson Reuters expected the company to report FFO of $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company reported earnings of $14.80 million or $0.08 per share, compared to a loss of $8.71 million or $0.06 per share last year.

Revenues increased 27.9 percent to $159.6 million from $124.8 million last year. Analysts expected revenues of $143.47 million.

Looking ahead, the company currently projects full-year FFO in the range of $1.43 to $1.47 per share, with adjusted earnings in the order of $1.46 to $1.50 per share.

The company earlier expected FFO in the range of $1.41 to $1.49 per share. Analysts currently expect full-year FFO of $1.48 per share.

Earnings forecast has been raised to a range of $0.13 to $0.17 per share from $0.08 to $0.16 per share.