Boston Properties Q2 FFO Rises

(RTTNews) - Boston Properties, Inc. (BXP), Wednesday reported second-quarter funds from operations of $208.7 million or $1.36 per share, up from $207.0 million or $1.35 per share last year.

Net income for the quarter was $79.5 million or $0.52 per share, up from last year's $76.5 million or $0.50 per share.

Total revenues for the quarter rose to $618.2 million from $589.8 million last year.

Analysts polled by Thomson Reuters expected the company to report FFO of $1.34 per share on revenues of 603.8 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company expects FFO per share of $1.34 to $1.36. Analysts currently estimate FFO of $1.38 per share for the quarter.

For the full year 2015, the company now expects FFO per share of $5.37 to $5.45 per share, compared to prior estimate of $5.35 to $5.45 per share. Analysts currently estimate FFO of $5.41 per share for the year.