Exhibit 99.1
NEWS FROM ARDEN REALTY, INC.
FOR IMMEDIATE RELEASE
CONTACT:   Richard Davis
(310) 966-2600
ARDEN REALTY, INC. REPORTS FOURTH QUARTER 2005 FFO OF $0.58 PER SHARE
February 8, 2006
Los Angeles, California — Arden Realty, Inc. (NYSE/ARI), a Los Angeles-based office real estate investment trust, today reported net income for the fourth quarter of 2005 of $4.4 million or $0.07 per share on a fully diluted basis and $65.5 million or $0.98 per share on a fully diluted basis for the year ended December 31, 2005, compared with $34.6 million or $0.52 per share on a fully diluted basis for the fourth quarter of 2004 and $73.8 million or $1.12 per share on a fully diluted basis for the year ended December 31, 2004. The fourth quarter results included approximately $3.6 million in costs related to our announced sales transaction with General Electric Capital Corporation. Excluding the GE transaction related costs, net income for the fourth quarter of 2005 would have been $8.0 million or $0.12 per share on a fully diluted basis and $69.2 million or $1.03 per share on a fully diluted basis for the year ended December 31, 2005. Revenues from rental operations for the properties included in continuing operations for the fourth quarter of 2005 were $114.3 million and $441.9 million for the year ended December 31, 2005, compared with $101.7 million for the fourth quarter of 2004 and $393.0 million for the year ended December 31, 2004.
Funds From Operations (FFO) for the fourth quarter of 2005 were $40.3 million or $0.58 per share on a fully diluted basis and $165.2 million or $2.40 per share on a fully diluted basis for the year ended December 31, 2005, compared with FFO of $44.6 million or $0.66 per share on a fully diluted basis for the fourth quarter of 2004 and $171.8 million or $2.55 per share on a fully diluted basis for the year ended December 31, 2004. Excluding the General Electric Capital Corporation transaction costs noted above, FFO for the fourth quarter of 2005 would have been $43.9 million or $0.63 per share on a fully diluted basis and $168.9 million or $2.46 per share on a fully diluted basis for the year ended December 31, 2005.
At the end of the fourth quarter of 2005, our operating portfolio was 91.9% occupied and 93.3% leased, compared to 91.2% occupied and 92.7% leased at the end of the fourth quarter of 2004.
A quarterly dividend of $0.505 per share was declared on December 2, 2005 for holders of record as of December 30, 2005.
Total debt at December 31, 2005 was approximately $1.6 billion, representing approximately 34.5% of total market capitalization and 48.8% of gross asset value.
Arden Realty will host a conference call to discuss fourth quarter 2005 operating results on February 9, 2006, at 1:00 p.m. Eastern time. A live webcast (listen only mode) of the conference call will be available at this time. A hyperlink to the live webcast will be available from the Investor Information section of our website at www.ardenrealty.com or at www.companyboardroom.com. A replay of the conference call may be heard by calling (888) 203-1112 (U.S.) or (719) 457-0820 (International), access code 4857625 from 3:00 p.m. Eastern time on February 9, 2006 through 3:00 p.m. Eastern time on February 23, 2006. During this period, an on-demand webcast replay of the call will also be available from the Investor Information section of our website at www.ardenrealty.com or at www.companyboardroom.com.
Financial schedules, including a reconciliation of net income to FFO, follow. A detailed analysis of the quarter’s results can be obtained by viewing the Supplemental Operating and Financial Data available in the Investor Information section (Financial Reports) of our website at www.ardenrealty.com, or by calling Richard Davis, Arden Realty’s Chief Financial Officer, at the number listed above.
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The following information was filed by Arden Realty Inc on Thursday, February 9, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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