BXP's Q2 FFO Outpaces Estimates, Lease Revenues Rise Y/Y

BXP, Inc. (BXP) reported second-quarter 2024 funds from operations (FFO) per share of $1.77, beating the Zacks Consensus Estimate of $1.72. However, the reported figure declined 4.8% year over year. BXP's quarterly results reflect better-than-anticipated revenues on healthy leasing activity. However, higher interest expenses during the quarter acted as a dampener. The company also raised its guidance for 2024 FFO per share. Quarterly revenues from lease came in at $790.6 million, up 3.8% year over year. The ...