Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 05/25 10:02:03 pm
125.26 USD   -0.48%
05/25 BOSTON PROPERTI : Announces Energy, Emissions, Water and Waste Goals..
05/24 BOSTON PROPERTI : Set to Enter New Market; Signs Agreement to Acquir..
05/19 COMMENTARY : Reston's Disappearing Performing Arts Center
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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; Andrew.FitzGerald@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on BOSTON PROPERTIES, INC.
05/25 BOSTON PROPERTIES : Announces Energy, Emissions, Water and Waste Goals in 2015 G..
05/24 BOSTON PROPERTIES : Set to Enter New Market; Signs Agreement to Acquire a 49.8% ..
05/19 BOSTON PROPERTIES INC : Amendments to Articles of Inc. or Bylaws; Change in Fisc..
05/19 COMMENTARY : Reston's Disappearing Performing Arts Center
04/28 BOSTON PROPERTIES : to Release First Quarter 2016 Financial Results on April 26,..
04/27 BOSTON PROPERTIES INC : Results of Operations and Financial Condition, Financial..
04/27 BOSTON PROPERTIES : reports 1Q results
04/27 BOSTON PROPERTIES : Announces First Quarter 2016 Results
04/26DJBOSTON PROPERTIES : Raises Annual Guidance After Strong First Quarter
04/22 Boston Beer slumps as Wall Street loses thirst
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials