Boston Properties Inc. (BXP) posted fourth quarter net income available to common shareholders of $53.3 million or $0.38 per share, compared to a loss of $98.1 million or $0.81 per share in the prior year period. Funds from operations for the quarter were $146.1 million or $1.04 per share, compared to negative funds from operations of $0.6 million or $0.01 per share in last year quarter.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $1.06 per share. Analysts' estimates typically exclude special items.
Funds from operations for the quarter included $0.04 per share related to non-cash impairment charges on the company's investment in its Value-Added Fund.
Total revenue for the quarter declined to $378.0 million from $390.3 million in last year quarter. Three Wall Street analysts expected revenues of $358.55 million.
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