ADVFN - Advanced Financial Network.
HOME» NYSE » B » BXP Stock Price » BXP Stock News

Boston Properties Share News

 Boston Properties, Inc. Stock Price
BXP Stock Price
 Boston Properties, Inc. Stock Chart
BXP Stock Chart
 Boston Properties, Inc. Stock News
BXP Stock News
 Boston Properties, Inc. Company Information
BXP Company Information
 Boston Properties, Inc. Stock Trades
BXP Stock Trades

Boston Properties Swings To 4Q Loss; FFO Slides On Charge

DOW JONES NEWSWIRES Boston Properties Inc. (BXP) swung to a fourth-quarter loss, and the office-property owner saw a key measure of profitability decline because of one-time charges. The company also forecast current-quarter funds from operations ranging from $1.06 to $1.08 a share and earnings of 26 cents to 28 cents. Analysts surveyed by Thomson Reuters expect FFO of $1.08. The real-estate investment trust, which also manages and develops hotel and industrial properties, has assets in places like Midtown Manhattan, Boston and Washington, D.C. Boston Properties has seen stable leasing rates and rents of late. In December, Standard & Poors Ratings Services boosted its outlook on the company, saying it thought U.S. office rents and occupancies were nearing their worst and that Boston Properties's results are likely to gradually improve. Boston Properties reported a fourth-quarter loss of $12.9 million, or 9 cents a share, from a profit of $53.3 million, or 38 cents, a year earlier. FFO--a key gauge of profitability among REITs--fell to 64 cents from $1.04. FFO in the most recent quarter included 50 cents of charges related to items such as early debt extinguishment, while the year-earlier quarter's FFO included 4 cents of write-downs. The company had projected earnings of 34 cents to 37 cents and FFO of $1.09 to $1.12, better than analysts' expectations at the time. Revenue rose 4.3% to $392.5 million. Analysts polled by Thomson Reuters had most recently forecast $377 million in revenue. Shares closed at $91.26 and were inactive after hours. As of the close, the stock had risen 40% the past year. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

Stock News for Boston Properties (BXP)
DateTimeHeadline
11/11/201616:01:00Boston Properties to Participate in the NAREIT REITWorld 2016...
11/07/201617:28:14Quarterly Report (10-q)
11/01/201614:55:55Statement of Changes in Beneficial Ownership (4)
11/01/201614:55:20Statement of Changes in Beneficial Ownership (4)
11/01/201614:55:20Statement of Changes in Beneficial Ownership (4)
11/01/201614:54:53Statement of Changes in Beneficial Ownership (4)
11/01/201614:54:26Statement of Changes in Beneficial Ownership (4)
11/01/201614:53:58Statement of Changes in Beneficial Ownership (4)
11/01/201614:53:02Statement of Changes in Beneficial Ownership (4)
10/28/201617:31:00Boston Properties to Participate in the 2016 Goldman Sachs Industrials...
10/26/201606:04:29Current Report Filing (8-k)
10/25/201619:59:00Boston Properties Revises 2016 Guidance, Gives Disappointing...
10/25/201619:03:00Boston Properties Announces Third Quarter 2016 Results
10/13/201617:10:00Salesforce Tower Becomes the Tallest Building in San Francisco
10/12/201616:35:00Boston Properties to Release Third Quarter 2016 Financial Results...
10/04/201612:46:58Statement of Changes in Beneficial Ownership (4)
10/04/201612:46:58Statement of Changes in Beneficial Ownership (4)
10/04/201612:46:30Statement of Changes in Beneficial Ownership (4)
10/04/201612:45:33Statement of Changes in Beneficial Ownership (4)
10/04/201612:44:39Statement of Changes in Beneficial Ownership (4)

Boston Properties and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US