Boston Properties: Interest Expenses, Vacancy Rate Keep Me Sidelined

Pgiam Boston Properties First Quarter Financial Performance Boston Properties' balance sheet had a rather uneventful first quarter. Investors should note that the primary asset on the company's balance sheet is real estate assets, but accrued rental income, deferred charges, and investments in unconsolidated joint ventures are also notable components. Cash fell from $1.5 billion to$700 million in the first quarter. A good chunk of that cash decline likely came from the $700 million drop in unsecured notes, ...