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Stock impact report

Boston Properties: Q1 Earnings Snapshot [Yahoo! Finance]

BXP, Inc. (BXP) 
Last bxp, inc. earnings: 4/28 04:49 pm Check Earnings Report
US:NYSE Investor Relations: ir.bostonproperties.com
Company Research Source: Yahoo! Finance
The real estate investment trust, based in Boston, said it had funds from operations of $252.2 million, or $1.59 per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $1.58 per share. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $101.6 million, or 64 cents per share. The real estate investment trust posted revenue of $872.1 million in the period. Its adjusted revenue was $818.2 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $801.4 million. Boston Properties expects full-year funds from operations to be $6.90 to $7.04 per share. The company's shares have dropped 12% since the beginning of the year, while the S&P's 500 index has increased slightly more than 4%. In the final minutes of trading on Tuesday, shares hit Show less Read more
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