Boston Properties (BXP) reported third-quarter 2024 funds from operations (FFO) per share of $1.81, in line with the Zacks Consensus Estimate. However, the reported figure declined 2.7% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. BXP's quarterly results reflect better-than-anticipated revenues due to healthy leasing activity. However, higher interest expenses during the quarter acted as a dampener. The company revised its guidance for 2024 FFO per share. Quarter ...

Financial Performance - Boston Properties reported revenue of $799.47 million for the quarter ended September 2024, a decrease of 3% year-over-year [1] - The earnings per share (EPS) was $1.81, a significant improvement from -$0.71 in the same quarter last year [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $803.79 million, resulting in a surprise of -0.54% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $1.81 [1] Key Metrics - The occupancy ratio for in-service properties was 87%, slightly below the three-analyst average estimate of 87.1% [3] - Revenue from parking and other sources was $34.26 million, compared to the average estimate of $34.52 million, reflecting a year-over-year increase of 15.5% [3] - Hotel revenue reached $15.08 million, exceeding the estimated $14.50 million, marking an 11.9% increase from the previous year [3] - Revenue from development and management services was $6.77 million, above the average estimate of $6.50 million, but showed a year-over-year decline of 27.1% [3] - Lease revenue was reported at $799.47 million, surpassing the estimated $790.53 million, with a year-over-year increase of 4.2% [3] - Net earnings per share (diluted) were $0.53, slightly below the average estimate of $0.54 [3] Stock Performance - Boston Properties' shares have returned +8.6% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]

Boston Properties (BXP) came out with quarterly funds from operations (FFO) of $1.81 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.86 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $1.72 per share when it actually produced FFO of $1.77, delivering a surprise of 2.91%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.Boston ...

Exhibit 99.1 Supplemental Operating and Financial Data for the Quarter Ended September 30, 2024 THE COMPANY BXP, Inc. (NYSE: BXP) (formerly known as Boston Properties, Inc.) ("BXP" or the "Company") is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more t ...

BXP, Inc. (BXP) is slated to report third-quarter 2024 results on Oct. 29, after market close. Its quarterly results are likely to reflect a year-over-year decrease in revenues and funds from operations (FFO) per share. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, this office real-estate investment trust (REIT) outpaced the Zacks Consensus Estimate of $1.77 in terms of FFO per share. The quarterly results reflected better-than-anticipated revenues o ...

BXP, Inc.(BXP) boasts a portfolio of Class A office assets in a few select markets of the United States. The healthy tenant demand for premier office assets and the company's ability to offer such spaces are likely to drive decent leasing activity. A healthy balance sheet and strategic capital allocation bodes well for future growth. However, the elevated supply of office properties in some markets is likely to fuel competition. Analysts seem bullish on this office REIT carrying a Zacks Rank #3 (Hold), with ...

BXP, Inc. (NYSE: BXP ) is an office REIT with properties in the largest metropolitan areas of the United States. As with many REITs, we look at the 50-BPS Fed rate cut two weeks ago (with signs of more to come), and My articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of businesses and buy their sha ...

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Shares of BXP Inc. (BXP) have rallied 30.4% in the past three months, outperforming the industry's 18.5% growth. BXP's recent lease renewals and expansion activities showcase the rising demand for its highly amenitized premium offices. In August 2024, it inked a 378,000-square-foot lease renewal and expansion lease with Bain Capital at 200 Clarendon Street in Boston, MA. In July 2024, Bechtel inked a renewal and expansion lease with BXP for about 289,000 square feet at Reston, VA. Analysts seem bullish abou ...

Shares of BXP Inc. (BXP) have rallied 19.5% in the past three months, outperforming the industry's growth of 15.6%. Last month, BXP reported second-quarter 2024 funds from operations (FFO) per share of $1.77, which beat the Zacks Consensus Estimate of $1.72. Results reflected better-than-anticipated revenues on healthy leasing activity. The company, currently carrying a Zacks Rank #3 (Hold), also raised its guidance for 2024. It now expects FFO per share in the range of $7.09-$7.15, up from the $6.98-$7.10 ...