BXP Sees Q3 EPS Of $0.54-$0.56 Vs $0.52 Est; FFO $1.80-$1.82 Per Diluted Share; Sees FY24 EPS $2.08-$2.14 Vs $2.12 Est.; FFO $7.09-$7.15
Portfolio Pulse from Benzinga Newsdesk
BXP has provided updated guidance for Q3 2024 and FY 2024. The company expects Q3 EPS to be between $0.54 and $0.56, and FFO to be between $1.80 and $1.82 per diluted share. For FY 2024, BXP anticipates EPS of $2.08 to $2.14 and FFO of $7.09 to $7.15 per diluted share. This represents an increase from previous guidance due to lower non-cash interest expenses and higher contributions from portfolio operations.
July 30, 2024 | 8:48 pm
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BXP has raised its Q3 2024 EPS guidance to $0.54-$0.56 and FY 2024 EPS to $2.08-$2.14, reflecting improved portfolio operations and lower non-cash interest expenses.
The updated guidance indicates better-than-expected financial performance, which is likely to positively impact BXP's stock price in the short term. The increase in EPS and FFO guidance suggests stronger operational performance and cost management.
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IMPORTANCE 90
RELEVANCE 100