Boston Properties Inc. (BXP) reported that its third-quarter Funds from Operations attributable to the company or FFO were $176.1 million or $1.16 per share, compared to $190.3 million or $1.28 per share in the same quarter last year.
The results for the latest-quarter were impacted by $0.03 per share of losses on early extinguishments of debt and additional interest expense of $0.06 per share.
Net income available to common shareholders was $57.8 million, compared to $70.5 million last year. Net income for the quarter was $0.38 compared to $0.48 last year.
Total revenues for the quarter rose to $470.90 million from $449.70 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.16 per share on revenues of $449.44 million for the quarter. Analysts' estimates typically exclude special items.
For the fourth-quarter 2012, the company expects earnings per share to be in the range of $0.42 - $0.44, and FFO of $1.22 - $1.24. Analysts expect the company to report earnings of $1.25 per share for the fourth-quarter.
Looking ahead for fiscal 2013, the company expects earnings to be in the range of $1.75 - $1.90 per share, and FFO of $5.00 - $5.15 per share. Analysts expect the company to report earnings of $5.28 per share for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.