BioMed Realty Trust Inc. (BMR) reported that its first-quarter Funds from operations available to common shares and units rose to $71.33 million or $0.41 per share from $50.20 million or $0.30 per share in the year ago quarter.
Adjusted funds from operations for the quarter rose to $0.47 per share, as compared to $0.30 per share in the first quarter of 2012. Analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.
Net income available to common stockholders for the quarter was $8.4 million, or $0.05 per share, compared to a net loss of $1.3 million or $0.01 per share in the year ago quarter.
Total revenues for the quarter were $160.45 million, up 23.9% from $120.01 million in the same period in 2011. Seven analysts had consensus revenue estimate of $140.57 million for the quarter.
For fiscal 2013, the company now expects net income per share to be in the range of $0.08 - $0.16, and FFO per share of $1.41 - $1.49. Earlier, the company had expected full year 2013 earnings of $0.06 to $0.14 per share, and FFO of $1.36 to $1.44 per share. Analysts expect the company to report earnings of $1.44 per share for fiscal 2013.
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