A third area of focus for us this year will be new development, we have two possibly three residential development opportunities under control that are being entitled and designed and we intend to raise joint venture equity capital for these projects in the second half of the year. We also continue to have dialogue with anchor clients for sites under control in Manhattan, though the discussions are in early phases and the outcomes are much less certain. Douglas Linde Thanks, Owen. Good morning, everybody. A ...

Boston Properties Inc.’s (BXP) fourth-quarter 2023 funds from operations (FFO) per share of $1.82 outpaced the Zacks Consensus Estimate by a penny. However, the reported figure fell 2.2% year over year.BXP’s quarterly results reflect better-than-anticipated revenues on healthy leasing activity. However, higher interest expenses during the quarter marred its year-over-year FFO per share growth. BXP also issued its guidance for 2024 FFO per share.Quarterly revenues from lease came in at $768.9 million, up 4% ...

For the quarter ended December 2023, Boston Properties (BXP) reported revenue of $768.88 million, up 4% over the same period last year. EPS came in at $1.82, compared to $0.78 in the year-ago quarter.The reported revenue represents a surprise of +0.87% over the Zacks Consensus Estimate of $762.28 million. With the consensus EPS estimate being $1.81, the EPS surprise was +0.55%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

BOSTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the fourth quarter ended December 31, 2023. Financial highlights for the fourth quarter include: Revenue increased 5.0% to $828.9 million for the quarter ended December 31, 2023, compared to $789.8 million for the quarter ended December 31, 2022. Net income attributable to Boston Properties, Inc. of $119.9 million, or $0.76 per dilute ...

Wall Street analysts expect Boston Properties (BXP) to post quarterly earnings of $1.81 per share in its upcoming report, which indicates a year-over-year decline of 2.7%. Revenues are expected to be $762.28 million, up 3.1% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's e ...

Boston Properties, Inc. (BXP) is slated to report fourth-quarter and full-year 2023 results on Jan 30 after market close. While its quarterly results are likely to reflect year-over-year growth in revenues, funds from operations (FFO) per share might exhibit a decline.In the last reported quarter, this office real-estate investment trust (REIT) delivered a surprise of 0.54% in terms of FFO per share. The quarterly results reflected better-than-anticipated revenues on healthy leasing activity.Over the preced ...

Boston Properties, Inc. (BXP) has been receiving a positive response from its existing tenants, as indicated by its recent leasing efforts. This office REIT has inked a 467,000 square-foot long-term lease extension with Snap Inc. at Santa Monica Business Park in Santa Monica, CA. The multi-building lease extension will be valid for a term of ten years. This move will boost the occupancy level at the company’s property and fuel growth in rental income.Located in the heart of the lively Sunset and Ocean Park ...

Debt issued by publicly traded commercial real-estate investment trusts (REITs) has been in rally mode to start 2024, even in the battered office sector.“Shopping centers were a four-letter word for a long time,” according to Alex Snyder, a portfolio manager who focuses on REITs at CenterSquare Investment Management. Now, in a post-pandemic remote-work environment, “office” is a dirty word, he noted.But as office-vacancy rates surge in many cities and landlords face higher borrowing costs, Snyder also sees ...

Cavan Images/Cavan via Getty Images Boston Properties, Inc. (NYSE:BXP), founded in 1970 and headquartered in Boston, MA, is a REIT that primarily engages in the ownership, development, and management of office real estate spread across six markets. The company has a diversified tenant base, is exposed to multiple industries, has strong liquidity, and has had decent operating growth. But most importantly the dividend yield is high, the distribution appears safe from a cut/suspension, and the shares are tradi ...

BOSTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has signed a ten-year, approximately 467,000 square foot, multi-building lease extension with Snap Inc. at Santa Monica Business Park. “We are thrilled that Snap will continue to innovate and grow their business at Santa Monica Business Park,” stated Alex Cameron, Vice President, Leasing, Los Angeles Regional Director, BXP. “Their commitme ...