Nov
04

Boston Properties Predicts Revenue Growth Spike in 2017

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Boston Properties president Douglas Linde

BOSTON—Chief executives with REIT Boston Properties, Inc. say that conditions are very active in the various markets it maintains its office portfolio. While the company is expecting growth in 2016, the following year the company expects a significant spike in revenue.

Boston Properties, one of the largest owners, managers, and developers of office properties in the United States, has significant operations in Boston, New York, San Francisco and Washington, DC. Last week, the company reported Funds from Operations for the quarter ended Sept. 30, 2015 were $217.3 million, or $1.41 per share basic and $1.41 per share diluted. The $1.41 per share beat estimates of between $1.34-$1.36 per share. The company states the higher results were due to better than expected portfolio operations of $0.02 per share, lease termination income of $0.03 per share and development and management services income of $0.01 per share. Those results compare to FFO for the quarter ended September 30, 2014 of $223.4 million, or $1.46 per share basic and $1.46 per share diluted…

Boston Properties Predicts Revenue Growth Spike in 2017

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