Boston properties lowers full year FFO forecast as high interest rates weigh [Yahoo! Finance]
Boston Properties, Inc. (BXP)
Last boston properties, inc. earnings: 4/28 04:49 pm
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Source: Yahoo! Finance
The company now expects its full-year FFO to be between $6.98 and $7.10 per share, compared with a prior estimate of $7 to $7.20 per share. According to LSEG data, analysts, on average, expected it to be $7.12 per share. Despite several companies issuing Return to office mandates, the commercial real estate market remains under pressure due to increased interest rates over the past couple of years. Boston Properties, the largest publicly-traded developer of premier workplaces in the United States, reported FFO, a key measure of performance of a REIT, of $1.73 per share, meeting analyst estimates for the quarter ended March 31. Its revenue rose 4.5% to $839.4 million in the quarter, beating analysts' average estimate of $808.6 million. Net income attributable to Boston Properties rose to $79.9 million, or 51 cents per share, compared with $77.9 million, or 50 cents per share, a year earlier. Shares of the company were down 3% in extended trading. (Reporting by Shivansh Tiwar
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BXP
News
- BXP to Host 3rd Annual Sustainability & Impact Investor Update WebcastBusiness Wire
- Boston Properties, Inc. (NYSE: BXP) had its price target lowered by analysts at Evercore ISI from $73.00 to $69.00. They now have an "outperform" rating on the stock.MarketBeat
- Boston Properties, Inc. (NYSE: BXP) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Boston Properties, Inc. (NYSE:BXP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Boston Properties, Inc. (NYSE: BXP) had its price target lowered by analysts at Wedbush from $66.00 to $63.00. They now have a "neutral" rating on the stock.MarketBeat
BXP
Earnings
- 4/30/24 - In-Line
BXP
Sec Filings
- 4/16/24 - Form ARS
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form DEF
- BXP's page on the SEC website