Mission West Properties Reports Q1 FFO of $0.15

Mission West Properties, Inc. MSW reported today that Funds From Operations for the quarter ended March 31, 2011 was approximately $16,240,000, or $0.15 per diluted common share, as compared to approximately $16,506,000, or $0.16 per diluted common share, for the same period in 2010. For the quarter ended March 31, 2010, unrealized holding gain from investment in marketable securities accounted for approximately $1,853,000, or $0.02 per diluted common share. On a sequential quarter basis, FFO for the quarter ended December 31, 2010, was approximately $0.11 per diluted common share. Total operating revenues $27,522,000