HRPT Properties Trust of Newton sold $40 million worth of property in the second quarter, helping the firm bring in $55.4 million in net income.
The company took in $16.1 million in the same quarter last year, a 244 percent increase.
As of June 30, 90.9 percent of HRPT’s total square footage was leased, compared to 92.7 percent as of June 30, 2007.
The company signed lease renewals for 1.316 million square feet and new leases for 379,000 square feet during this year’s second quarter for weighted average rental rates that were 9 percent above prior rents for the same space.