Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOSTON PROPERTIES, INC.
04/27 BOSTON PROPERTIES : Announces Early Achievement of Energy, Emissions and Water I..
04/26 BOSTON PROPERTIES LIMITED PARTNERSHI : BXP) Files An 8-K Results of Operations a..
04/26 BOSTON PROPERTIES INC : Results of Operations and Financial Condition, Financial..
04/26 BOSTON PROPERTIES, INC. (NYSE : BXP) reported earnings of $1.48 per share missin..
04/26 BOSTON PROPERTIES : reports 1Q results
04/25 BOSTON PROPERTIES : Announces First Quarter 2017 Results
04/25 BOSTON PROPERTIES INC : Creation of a Direct Financial Obligation or an Obligati..
04/20 BOSTON PROPERTIES : to Release First Quarter 2017 Financial Results on April 25,..
04/20BOSTON PROPERTIES, INC. : quaterly earnings release
04/19 BOSTON PROPERTIES : How These REIT Stocks are Faring? -- Alexandria Real Estate,..
More news
Sector news : Office REITs
04/25DJSL GREEN REALTY : Concern Over Manhattan's One Vanderbilt Project Grows
04/25DJSL GREEN REALTY : Concern Over Manhattan's One Vanderbilt Project Grows -- Updat..
04/23DJGAZIT GLOBE : Retail Landlord Gazit-Globe Sets Sights on New York
04/23DJGAZIT GLOBE : Retail Landlord Gazit-Globe Sets Sights on New York
04/18DJSIMON PROPERTY : Nashville Mall Turns to Madame Tussauds to Draw Crowds
More sector news : Office REITs
News from SeekingAlpha
04/26 Boston Properties' (BXP) CEO Owen Thomas on Q1 2017 Results - Earnings Call T..
04/26 Boston Properties leads big-city office landlords lower
04/25 Boston Prop misses by $0.02, misses on revenue
04/24 Notable earnings after Tuesday?s close
04/21 REAL ESTATE WEEKLY : As Earnings Begin, REITs Extend Rally To 4 Straight Weeks
Advertisement
Financials ($)
Sales 2017 2 583 M
EBIT 2017 762 M
Net income 2017 373 M
Debt 2017 9 645 M
Yield 2017 2,34%
P/E ratio 2017 52,95
P/E ratio 2018 44,18
EV / Sales 2017 11,3x
EV / Sales 2018 10,8x
Capitalization 19 593 M
More Financials
Chart BOSTON PROPERTIES, INC.
Duration : Period :
Boston Properties, Inc. Technical Analysis Chart | BXP | US1011211018 | 4-Traders
Full-screen chart
Technical analysis trends BOSTON PROPERTIES...
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 138 $
Spread / Average Target 8,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Owen D. Thomas Chief Executive Officer & Director
Douglas T. Linde President & Director
Michael E. LaBelle Chief Financial Officer, Treasurer & Senior VP
James J. Whalen Chief Information Officer & Senior Vice President
Mortimer Benjamin Zuckerman Chairman-Emeritus
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BOSTON PROPERTIES, INC..1.25%19 593
SL GREEN REALTY CORP0.66%10 664
NIPPON BUILDING FUND I..-6.96%7 665
JAPAN REAL ESTATE INVE..-6.44%6 978
HUDSON PACIFIC PROPERT..0.83%5 459
HIGHWOODS PROPERTIES I..0.82%5 247
More Results