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Here's What Key Metrics Tell Us About Boston Properties (BXP) Q4 Earnings
BXPBoston Properties(BXP) ZACKS·2025-01-29 00:01

Core Insights - Boston Properties (BXP) reported revenue of 798.19millionforQ42024,markingayearoveryearincreaseof3.8798.19 million for Q4 2024, marking a year-over-year increase of 3.8% and exceeding the Zacks Consensus Estimate of 795.28 million by 0.37% [1] - The company's EPS for the same period was 1.79,asignificantincreasefrom1.79, a significant increase from 0.76 a year ago, aligning with the consensus EPS estimate [1] Revenue Breakdown - Revenue from Parking and other sources was 34.06million,slightlybelowtheaverageestimateof34.06 million, slightly below the average estimate of 35.46 million, reflecting an 8.1% year-over-year increase [4] - Hotel revenue reached 13.14million,slightlybelowtheestimated13.14 million, slightly below the estimated 13.24 million, with an 11.4% year-over-year increase [4] - Development and management services revenue was reported at 8.78million,significantlyabovetheaverageestimateof8.78 million, significantly above the average estimate of 6.71 million, but showing a year-over-year decline of 31% [4] - Lease revenue was 798.19million,surpassingtheestimated798.19 million, surpassing the estimated 794.51 million, with a year-over-year increase of 3.8% [4] Stock Performance - Over the past month, Boston Properties' shares returned +0.6%, compared to a +0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]