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Boston Properties (BXP) Q1 FFO Meet Estimates, '24 View Lowered
BXPBoston Properties(BXP) Zacks Investment Research·2024-05-01 17:10

Boston Properties Inc.’s (BXP) first-quarter 2024 funds from operations (FFO) per share of 1.73wasinlinewiththeZacksConsensusEstimate.Thereportedfigureremainedunchangedyearoveryear.BXP’squarterlyresultsreflectbetter−than−anticipatedrevenuesonhealthyleasingactivity.However,higherinterestexpensesduringthequarteractedasadampener.BXPalsolowereditsguidancefor2024FFOpershare.Quarterlyrevenuesfromleasecameinat1.73 was in line with the Zacks Consensus Estimate. The reported figure remained unchanged 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. BXP also lowered its guidance for 2024 FFO per share.Quarterly revenues from lease came in at 788.6 million, up 4.2% year over year. The Zacks Co ...