Boston Props Q2 FFO $1.77 Beats $1.72 Estimate, Sales $850.48M Beat $818.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boston Properties (NYSE:BXP) reported Q2 FFO of $1.77 per share, beating the estimate of $1.72. Sales were $850.48M, surpassing the $818.57M estimate. Despite the beats, FFO decreased by 4.84% YoY, while sales increased by 4.08% YoY.
July 30, 2024 | 8:46 pm
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Boston Properties reported Q2 FFO of $1.77 per share, beating the estimate of $1.72. Sales were $850.48M, surpassing the $818.57M estimate. Despite the beats, FFO decreased by 4.84% YoY, while sales increased by 4.08% YoY.
The earnings and sales beats are positive indicators and likely to boost investor confidence in the short term. However, the YoY decrease in FFO may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100