HRPT Properties Trust Announces Results for the Periods Ended June 30, 2009

HRPT Properties Trust (NYSE: HRP) today announced financial results for the quarter and six months ended June 30, 2009.

Results for the quarter ended June 30, 2009:

Net income available for common shareholders was $46.9 million for the quarter ended June 30, 2009, compared to $55.4 million for the same quarter last year. Net income available for common shareholders per share, basic and diluted, (EPS) for the quarters ended June 30, 2009 and 2008 was $0.21 and $0.25, respectively. Net income for the quarter ended June 30, 2009 includes $20.3 million, or $0.09 per share, of gain on sale of properties and $13.2 million, or $0.06 per share, of gain on early extinguishment of debt. Net income for the quarter ended June 30, 2008 includes $40.0 million, or $0.18 per share, of gain on sale of properties.

Funds from operations (FFO) available for common shareholders for the quarter ended June 30, 2009 was $63.9 million, or $0.29 and $0.28 per share basic and diluted, respectively, compared to FFO available for common shareholders for the quarter ended June 30, 2008 of $64.1 million, or $0.28 per share basic and diluted.

The weighted average number of basic and diluted common shares outstanding totaled 223,696,703 and 252,889,361, respectively, for the quarter ended June 30, 2009, and 225,448,673 and 254,641,331, respectively, for the quarter ended June 30, 2008.

Results for the six months ended June 30, 2009:

Net income available for common shareholders was $77.4 million for the six months ended June 30, 2009, compared to $70.1 million for the same period last year. Net income available for common shareholders per share, basic and diluted, (EPS) for the six months ended June 30, 2009 and 2008 was $0.34 and $0.31, respectively. Net income for the six months ended June 30, 2009 includes $29.1 million, or $0.13 per share, of gain on sale of properties and $20.7 million, or $0.09 per share, of gain on early extinguishment of debt. Net income for the six months ended June 30, 2008 includes $40.0 million, or $0.18 per share, of gain on sale of properties.

Funds from operations (FFO) available for common shareholders for the six months ended June 30, 2009 was $126.7 million, or $0.56 and $0.55 per share basic and diluted, respectively, compared to FFO available for common shareholders for the six months ended June 30, 2008 of $127.2 million, or $0.56 and $0.55 per share basic and diluted, respectively.

The weighted average number of basic and diluted common shares outstanding totaled 224,652,791 and 253,845,449, respectively, for the six months ended June 30, 2009, and 225,446,585 and 254,639,243, respectively, for the six months ended June 30, 2008.

Occupancy and Leasing Results (excluding properties classified in discontinued operations):

As of June 30, 2009, 89.1% of HRP’s total square feet was leased, compared to 89.5% as of March 31, 2009 and 90.9% as of June 30, 2008.

HRP signed lease renewals for 992,000 square feet and new leases for 650,000 square feet during the quarter ended June 30, 2009, for weighted average rental rates that were 2% below prior rents for the same space. Average lease terms for leases signed during the second quarter of 2009 were 7.7 years. Commitments for tenant improvement and leasing commission (TI/LC) costs for leases signed during the quarter ended June 30, 2009 totaled $13.25 per square foot on a weighted average basis.

Investing Activities:

During the second quarter of 2009, HRP acquired one office property with 670,000 square feet of space for $134.3 million, excluding closing costs and one industrial property with 645,000 square feet of space for $34.0 million, excluding closing costs. HRP also sold two properties during the second quarter of 2009 with 193,000 square feet of space for $50.8 million, excluding closing costs, and realized a gain on sale of properties of $20.3 million.

Financing Activities:

During the second quarter of 2009, HRP repurchased and retired $77.7 million face amount of its publicly issued debt securities for $64.0 million and realized a gain on early extinguishment of debt of $13.2 million, net of unamortized issuance costs and discounts.

During April 2009, HRP transferred 29 properties with 3.3 million square feet to its wholly owned subsidiary, Government Properties Income Trust, or GOV, a real estate investment trust that owns properties that are majority leased to government tenants. Also in April 2009, GOV entered into a new $250 million secured credit facility with a group of commercial banks. The $250 million proceeds of this credit facility were distributed by GOV to HRP and used to repay amounts outstanding under HRP’s revolving credit facility. In June 2009, GOV completed an initial public offering of 11.5 million common shares and became a separate public company. Simultaneous with the closing of the GOV IPO, the $250 million secured credit facility was transferred to GOV and is no longer an obligation of HRP’s. HRP continues to own 9.95 million common shares, or 46.4%, of GOV with a book carrying value of $153.1 million and a market value of $204.3 million as of June 30, 2009.

In January 2009, HRP announced that its Board authorized a buy back program for up to $100 million of common shares during 2009. Through June 30, 2009 HRP has purchased 4,050,000 common shares at an average price of $3.57/share. HRP has not repurchased any additional shares since June 30 through today. Although this repurchase authority has not been rescinded, in view of the recent increases in the trading prices of common shares of REITs, including HRP, and the continuation of restrictive conditions in the debt markets, it now appears that HRP may not spend the full authorized amount for common share purchases before the end of 2009, unless capital market conditions change.

Conference Call:

On Tuesday, August 11, 2009, at 10:00 a.m. Eastern Time, Adam Portnoy, Managing Trustee, and John Popeo, Chief Financial Officer, will host a conference call to discuss the second quarter 2009 results.

The conference call telephone number is (888) 632-5009. Participants calling from outside the United States and Canada should dial (913) 312-0388. No pass code is necessary to access either call. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 1:00 p.m. Eastern Time on Tuesday, August 18, 2009. To hear the replay, dial (719) 457-0820. The replay pass code is 9325774.

A live audio webcast of the conference call will also be available in a listen only mode on HRP’s web site, which is located at www.hrpreit.com. Participants wanting to access the webcast should visit HRP’s web site about five minutes before the call. The archived webcast will be available for replay on HRP’s web site for about one week after the call.

Supplemental Data:

A copy of HRP’s Second Quarter 2009 Supplemental Operating and Financial Data is available for download at HRP’s web site, www.hrpreit.com.

HRPT Properties Trust is a real estate investment trust, or REIT, which primarily owns office and industrial buildings located throughout the United States. As of June 30, 2009, HRP owned 512 operating properties with 65.3 million square feet, including approximately 17 million square feet of leased industrial and commercial lands in Oahu, Hawaii. HRP is headquartered in Newton, Massachusetts.

Please see the pages attached hereto for a more detailed statement of our operating results and financial condition, along with an explanation of our calculation of FFO. HRP’s web site is not incorporated as part of this press release.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON HRP’S PRESENT BELIEFS AND EXPECTATIONS, BUT THEY ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. FOR EXAMPLE:

• THIS PRESS RELEASE STATES THAT HRP HAS REPURCHASED SOME OF ITS EQUITY AND DEBT SECURITIES. THE IMPLICATIONS OF THIS STATEMENT MAY BE THAT HRP WILL CONTINUE TO REPURCHASE ITS EQUITY AND DEBT SECURITIES. IN FACT, HRP HAS REPURCHASED ITS SECURITIES ON AN OPPORTUNISTIC BASIS, WHEN OPPORTUNITIES TO DO SO HAVE BEEN AVAILABLE AT PRICES HRP BELIEVES ARE ATTRACTIVE AND HRP HAS AVAILABLE FINANCIAL RESOURCES. HRP MAY ACCELERATE, DELAY, DISCONTINUE OR RESTART MAKING SUCH PURCHASES AT ANY TIME, IN ITS DISCRETION.

RESULTS DIFFERENT FROM THOSE STATED OR IMPLIED BY FORWARD LOOKING STATEMENTS MAY OCCUR FOR MANY DIFFERENT REASONS, SOME OF WHICH, LIKE CHANGES IN THE PRICES OF THE SECURITIES AVAILABLE FOR PURCHASE, MAY BE AT MOST ONLY PARTIALLY WITHIN HRP’S CONTROL, AND SOME OF WHICH, SUCH AS CHANGES IN FINANCIAL MARKET CONDITIONS GENERALLY, ARE BEYOND HRP’S CONTROL.

INVESTORS SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS AND THEIR IMPLICATIONS IN THIS PRESS RELEASE.

EXCEPT AS REQUIRED BY LAW, HRP DOES NOT ASSUME ANY OBLIGATIONS TO UPDATE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, CHANGED CIRCUMSTANCES, FUTURE EVENTS OR OTHERWISE.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange. No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.