Tuesday, Boston Properties Inc. (BXP) reported third-quarter funds from operations or FFO of $158.5 million or $1.13 per share, compared FFO of $132.5 million or $1.09 per share in the same quarter last year.
Net income available to common shareholders was $65.8 million or $0.47 per share, compared to net income of $43.1 million or $0.35 per share in the year ago quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to earn $1.10 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $377.3 million, up from $357.9 million in the comparable quarter last year. Analysts expected the company to report revenue of $353.47 million for the quarter.
Looking ahead to the fourth quarter, the company expects to report FFO in the range of $1.04 - $1.06 per share. Earnings are expected to be in the range of $0.40 - $0.42 per share. Analysts currently anticipate the company to earn $1.09 per share.
For the full year 2010, the company excepts to report FFO in the range of $4.00 - $4.20 per share. Earnings are expected to be in the range of $1.26 - $1.46 per share. Analysts currently anticipate the company to earn $4.29 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.