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MarketScreener Homepage  >  Equities  >  Nyse  >  Boston Properties, Inc.    BXP

BOSTON PROPERTIES, INC.

(BXP)
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Boston Properties: 2Q Earnings Snapshot

07/28/2020 | 11:51pm EST

BOSTON (AP) _ Boston Properties Inc. (BXP) on Tuesday reported a key measure of profitability in its second quarter. The results missed Wall Street expectations.

The real estate investment trust, based in Boston, said it had funds from operations of $236.9 million, or $1.52 per share, in the period.

The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of $1.74 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $266.5 million, or $1.71 per share.

The real estate investment trust posted revenue of $654.8 million in the period. Its adjusted revenue was $630.1 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $701.3 million.

The company's shares have declined 34% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Tuesday, shares hit $91.13, a drop of 31% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BXP at https://www.zacks.com/ap/BXP

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2020 2 845 M - -
Net income 2020 950 M - -
Net Debt 2020 11 562 M - -
P/E ratio 2020 17,5x
Yield 2020 3,76%
Capitalization 16 256 M 16 256 M -
EV / Sales 2020 9,78x
EV / Sales 2021 10,0x
Nbr of Employees 760
Free-Float 99,8%
Chart BOSTON PROPERTIES, INC.
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Boston Properties, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends BOSTON PROPERTIES, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 101,18 $
Last Close Price 104,43 $
Spread / Highest target 39,8%
Spread / Average Target -3,11%
Spread / Lowest Target -28,2%
EPS Revisions
Managers
NameTitle
Owen D. Thomas Chief Executive Officer & Director
Douglas T. Linde President & Director
Joel Irwin Klein Independent Non-Executive Chairman
Michael E. LaBelle Chief Financial Officer, Treasurer & Executive VP
James J. Whalen Chief Information Officer & Senior Vice President
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