Boston Props Q4 FFO Per Share $1.82 Beats $1.81 Estimate, Sales $828.93M Beat $813.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boston Properties (NYSE:BXP) reported a Q4 FFO per share of $1.82, slightly beating the estimate of $1.81, and sales of $828.93M, surpassing the expected $813.32M. However, the FFO per share represents a 2.15% decrease from the same quarter last year, while sales show a 4.95% increase from the previous year.
January 30, 2024 | 9:39 pm
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POSITIVE IMPACT
Boston Properties reported higher-than-expected Q4 FFO and sales, with a slight beat on FFO estimates and a more significant beat on sales forecasts.
The positive earnings report, with both FFO per share and sales exceeding analyst estimates, is likely to instill investor confidence and could lead to a short-term positive impact on BXP's stock price. However, the year-over-year decrease in FFO per share might temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100