Government Properties Income Trust has reported net income available for common shareholders of USD7.7m, or USD0.25 per share, for the quarter ended 30 June 2010 compared to USD5.9m, or USD0.47 per share for the quarter ended 30 June 2009.

Funds from operations were USD14.2m for the quarter ended 30 June 2010, compared to USD9.7m for the same quarter last year.

FFO per share for the quarter ended 30 June 2010 was USD0.45, compared to USD0.78 for the same quarter last year.

The trust’s weighted average number of common shares outstanding were 31,260,553 and 12,384,066 for the quarters ended 30 June 2010 and 2009, respectively. Prior to completion of its IPO on 8 June 2009, it did not have any publicly traded, outstanding common shares. If the IPO had been completed on 1 April 2009, the trust's weighted average common shares outstanding for the quarter ended 30 June 2009 would have been 21,450,000.

For the six months ended 30 June 2010, funds from operations were USD26.7m, or USD0.89 per share, compared to USD21.7m, or USD2.53 per share, for the same period last year.

Net income available for common shareholders for the six months ended 30 June 2010 was USD14.6m, or USD0.48 per share, compared to USD14.3m, or USD1.67 per share for the six months ended 30 June 2009.

Since 1 April 2010, the trust has acquired or has entered purchase and sale agreements to acquire 20 properties for an aggregate purchase price of USD367m, excluding acquisition costs.

Government Properties Income Trust is a real estate investment trust, which owns properties located throughout the US which are majority leased to the US Government and several state government tenants. As of 30 June 2010, the trust owned 41 properties with 4.9 million square feet.