Boston Properties Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Boston Properties, Inc. (BXP), a real estate investment trust, reported first-quarter net income available to shareholders of $171.2 million compared to $54.0 million, prior year. Net income per share was $1.11 compared to $0.35. The company noted that its net income to shareholders for the quarter ended March 31, 2015 included gains on sales of real estate aggregating approximately $95.1 million, or $0.55 per share on a diluted basis. Funds from Operations for the quarter ended March 31, 2015 were $200.4 million, or $1.30 per share.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $1.24 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $618.48 million from $574.69 million last year. Total rental revenue was $604.06 million, compared to $561.28 million. Analysts expected revenue of $596.67 million for the quarter.

The company has updated its guidance for FFO per share for full year 2015 to $5.35 - $5.45 per share from $5.28 - $5.43 per share. Analysts expect the company to report fiscal 2015 earnings per share of $5.38.

For the second-quarter, the company expects FFO per share in the range of $1.32 to $1.34. Analysts expect the company to report second-quarter earnings per share of $1.34.