- BXP reported Funds From Operations (FFO) per share of $1.71 for the second quarter, which surpassed analysts’ estimates of $1.67.
- Compared to the previous year, FFO per share was slightly lower, with the previous year being $1.77.
- The company’s revenue for the quarter was $868.5 million, marking a 2.1% increase year-over-year and exceeding the projected revenue of $853.3 million.
- Occupancy rates were at 86.4%, slightly lower than the previous year’s 87.1%, but higher than the forecasted 86%.
- Analyst ratings for BXP include 9 buy recommendations and 14 hold recommendations, with no sell ratings reported.
A look at Boston Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Boston Properties, Inc. shows a promising long-term outlook. The company received a strong score of 5 for its Dividend, indicating a solid dividend payment to investors. This suggests a stable source of income for shareholders. In addition, Boston Properties scored well in Momentum with a score of 4, showcasing positive forward movement and potential for growth in the future. While the Value and Growth scores were respectable at 3 each, indicating a balanced approach to financial performance, the Resilience score of 2 suggests some vulnerability to market fluctuations. Overall, with a notable presence in key U.S. markets like Boston, Washington, D.C., and Manhattan, Boston Properties appears well-positioned for continued success in the real estate sector.
Boston Properties, Inc. is a real estate investment trust with a strong focus on office properties in major U.S. cities. The company’s Smartkarma Smart Scores highlight key aspects of its financial performance and outlook. With a top score in Dividend and Momentum, Boston Properties demonstrates a commitment to rewarding investors and showing positive market momentum. While its Value and Growth scores indicate solid fundamentals, the lower Resilience score suggests a need for attention to withstand economic challenges. Overall, Boston Properties‘ strategic positioning in bustling urban markets like San Francisco and Washington, D.C. bodes well for its continued growth and success in the real estate industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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