Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Boston Properties, Inc.    BXP

News SummaryMost relevantAll newsSector newsTweets

Boston Properties, Inc. : Boston Properties Posts 4Q Profit On Higher Rents

share with twitter share with LinkedIn share with facebook
share via e-mail
02/01/2012 | 12:22am CEST

Boston Properties Inc. (BXP) swung to a fourth-quarter profit as the office-property owner booked higher rental revenue despite a lower percentage of its portfolio being leased.

The company also forecast funds from operations in the current quarter ranging between $1.12 and $1.14 a share, just touching the average estimate of $1.14 from analysts polled by Thomson Reuters. For the full year, it predicted FFO of $4.65 to $4.78 a share, bracketing the consensus estimate for $4.76.

Office landlords like Boston Properties have generally reported stronger results over the past year as higher occupancy and rental rates boost their bottom lines.

REITs with properties in major cities have been doing particularly well as urban commercial real-estate markets rebound the fastest. Boston Properties' assets are concentrated in Boston, Midtown Manhattan and Washington.

The company's results were still hurt a year ago by heavy debt-extinguishment costs and write-downs.

Boston Properties reported a fourth-quarter profit of $101.6 million, or 69 cents a share, compared with a year-earlier loss of $12.9 million, or 9 cents a share.

FFO--a key gauge of profitability among REITs--rose to $1.21 a share from 64 cents. FFO in the year-earlier quarter included 50 cents of charges.

Revenue rose 15% to $452.8 million, topping analysts' $426 million estimate.

Rental revenue also rose 15%, but its portfolio was 91.3% leased by the end of the year versus 93.2% a year earlier.

Shares closed Tuesday at $104.05 and weren't active after hours.

-By Drew FitzGerald and Joan E. Solsman, Dow Jones Newswires; 212-416-2291; Andrew.FitzGerald@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
08/16 BOSTON PROPERTIES, INC. : Earnings Review and Free Research Report: Boston Prope..
08/16 EARNINGS REVIEW AND FREE RESEARCH RE : Boston Properties’ Revenue Grew 5.4..
08/08 BOSTON PROPERTIES : Management's Discussion and Analysis of Financial Condition ..
08/02 BOSTON PROPERTIES INC : Results of Operations and Financial Condition, Financial..
08/02 BOSTON PROPERTIES : reports 2Q results
08/01 BOSTON PROPERTIES : Announces Second Quarter 2017 Results
07/27 BOSTON PROPERTIES : to Release Second Quarter 2017 Financial Results on August 1..
07/27 BOSTON PROPERTIES : Weston town officials have submitted a letter to MassHousing..
07/27 BOSTON PROPERTIES : HOUSING Access road for proposed new 40B
07/25 BOSTON PROPERTIES : Preliminary Injunction Granted In Lawsuit Over Reston Town C..
More news
News from SeekingAlpha
08/17 Move money into shopping centers, out of offices - RBC
08/03 My Quest For The Most Popular REITs Through ETFs, And The Winners Are ...
08/02 Boston Properties' (BXP) CEO Owen Thomas on Q2 2017 Results - Earnings Call T..
08/01 Boston Prop beats by $0.06, beats on revenue
07/31 Notable earnings after Tuesday?s close
Financials ($)
Sales 2017 2 567 M
EBIT 2017 843 M
Net income 2017 451 M
Debt 2017 10 045 M
Yield 2017 2,51%
P/E ratio 2017 43,03
P/E ratio 2018 38,31
EV / Sales 2017 11,1x
EV / Sales 2018 10,8x
Capitalization 18 492 M
Duration : Period :
Boston Properties, Inc. Technical Analysis Chart | BXP | US1011211018 | 4-Traders
Technical analysis trends BOSTON PROPERTIES, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 22
Average target price 133 $
Spread / Average Target 11%
EPS Revisions
Owen D. Thomas Chief Executive Officer & Director
Douglas T. Linde President & Director
Michael E. LaBelle Chief Financial Officer, Treasurer & Executive VP
James J. Whalen Chief Information Officer & Senior Vice President
Mortimer Benjamin Zuckerman Chairman-Emeritus
Sector and Competitors