Boston Properties Announces First Quarter 2019 Results; Reports EPS of $0.63 and FFO Per Share of $1.72
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Boston Properties (BXP) Misses Q1 EPS by 2c, Revenues Beat; Lowers FY19 EPS Guidance, Raises FY19 FFO Outlook
April 30, 2019 5:21 PM EDTBoston Properties (NYSE: BXP) reported Q1 EPS of $0.63, $0.02 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $725.8 million versus the consensus estimate of $701.34 million.
Total revenue increased 10% to $725.8 million as compared to total revenue of $661.2 million for the quarter ended March 31, 2018.Net income attributable to common shareholders of $98.1 million, or $0.63 per diluted share (EPS), decreased 45% compared to $176.0 million, or $1.14 per diluted share, for the quarter ended March 31, 2018, primarily due to gains on asset sales during the first quarter of 2018.Total revenue increased 10% to $725.8... More