Equity of the Parent Company

6 Months Ended

Jun. 30, 2011

Equity of the Parent Company

Equity of the Parent Company

3. Equity of the Parent Company

During the six months endedJune 30, 2011, the Parent Company issued restricted stock awards to the Company's employees and directors totaling 330,544 and 15,085 shares of common stock, respectively (129,342 shares of common stock were surrendered to the Company and subsequently retired in lieu of cash payments for taxes due on the vesting of restricted stock and 24,465 shares were forfeited during the same period), which are included in the total of common stock outstanding as of the period end (see Note 6).

Common Stock, Operating Partnership Units and LTIP Units

As of June 30, 2011, the Company had outstanding 131,259,602 shares of the Parent Company's common stock and 2,593,538 and 386,441 operating partnership and LTIP units, respectively. A share of the Parent Company's common stock and the operating partnership and LTIP units have essentially the same economic characteristics as they share equally in the total net income or loss and distributions of the Operating Partnership.

Dividends and Distributions

The following table lists the dividends and distributions declared by the Company and the Operating Partnership during the six months endedJune 30, 2011:

Declaration Date	Securities Class	Amount Per Share/Unit		Period Covered	Dividend and Distribution Payable Date	Dividend and Distribution Amount
						(in thousands)
March 14, 2011	Common stock and OP units	$	0.20000	January 1, 2011 to March 31, 2011	April 15, 2011	$	26,846
March 14, 2011	Series A preferred stock/units	$	0.46094	January 16, 2011 to April 15, 2011	April 15, 2011	$	4,240
June 15, 2011	Common stock and OP units	$	0.20000	April 1, 2011 to June 30, 2011	July 15, 2011	$	26,847
June 15, 2011	Series A preferred stock/units	$	0.46094	April 16, 2011 to July 15, 2011	July 15, 2011	$	4,241

Total 2011 dividends and distributions declared through June 30, 2011 (in thousands):

Common stock and OP units	$	53,693
Series A preferred stock/units	8,481
	$	62,174

Noncontrolling Interests

Noncontrolling interests on the consolidated balance sheets of the Parent Company relate primarily to the OP units in the Operating Partnership that are not owned by the Parent Company. With respect to the noncontrolling interests in the Operating Partnership, noncontrolling interests with redemption provisions that permit the issuer to settle in either cash or common stock at the option of the issuer are further evaluated to determine whether temporary or permanent equity classification on the balance sheet is appropriate. Since the OP units comprising the noncontrolling interests contain such a provision, the Company evaluated this guidance, including the requirement to settle in unregistered shares, and determined that the OP units meet the requirements to qualify for presentation as permanent equity.

The Company evaluates individual redeemable noncontrolling interests for the ability to continue to recognize the noncontrolling interest as permanent equity in the consolidated balance sheets. Any redeemable noncontrolling interest that fails to qualify as permanent equity will be reclassified as temporary equity and adjusted to the greater of (1) the carrying amount, or (2) its redemption value as of the end of the period in which the determination is made.

The redemption value of the OP units not owned by the Parent Company, had such units been redeemed at June 30, 2011, was approximately $56.6 million based on the average closing price of the Parent Company's common stock of $19.00 per share for the ten consecutive trading days immediately preceding June 30, 2011.

The following table shows the vested ownership interests in the Operating Partnership were as follows:

	June 30, 2011			December 31, 2010
	Operating Partnership Units and LTIP Units	Percentage of Total		Operating Partnership Units and LTIP Units	Percentage of Total
BioMed Realty Trust	129,872,349	97.8	%	129,603,445	97.8	%
Noncontrolling interest consisting of:
Operating partnership and LTIP units held by employees and related parties	2,332,318	1.8	%	2,268,873	1.7	%
Operating partnership and LTIP units held by third parties	588,801	0.4	%	588,801	0.5	%
Total	132,793,468	100.0	%	132,461,119	100.0	%