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 Posts 4Q Profit On Higher Rents

DOW JONES NEWSWIRES 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;

Stock News for Boston Properties (BXP)
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)
10/04/201612:44:13Statement of Changes in Beneficial Ownership (4)
09/15/201611:54:49Statement of Changes in Beneficial Ownership (4)
09/09/201616:01:00Boston Properties to Participate in the Bank of America Merrill...
09/06/201616:01:00Boston Properties to Participate in the Evercore ISI 2016 Real...
09/01/201616:01:00Boston Properties Declares Regular Quarterly Dividends
08/18/201615:44:05Statement of Changes in Beneficial Ownership (4)
08/18/201610:40:11Statement of Changes in Beneficial Ownership (4)
08/17/201616:59:05Current Report Filing (8-k)
08/11/201611:39:04Statement of Changes in Beneficial Ownership (4)
08/08/201617:37:00Boston Properties Prices $1.0 Billion Offering of Senior Unsecured...
08/04/201617:28:55Quarterly Report (10-q)
08/04/201615:16:25Statement of Changes in Beneficial Ownership (4)
08/02/201612:12:17Statement 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