earnings
confidence high
sentiment positive
materiality 0.80
Boston Properties Q3 EPS $0.69 (+19% YoY), FFO $1.73; guides FY22 FFO $7.25-7.45
BXP, Inc.
2021-Q3 EPS reported
$1.99
revenue$2,157,558,000
- Revenue $730.1M (+5.3% YoY); Net income $108.3M vs $89.9M in Q3 2020.
- FFO per diluted share $1.73, $0.04 above midpoint guidance; EPS $0.69, $0.60 below midpoint due to Spring Street sale deferral.
- Acquired Safeco Plaza in Seattle (~$465M, one-third interest), entering 6th market; acquired Shady Grove Bio+Tech Campus for ~$116.5M.
- Leased 1.4M sq ft in Q3; issued $850M green bonds at 2.45% due 2033; redeemed $1B 3.85% notes; expects $0.25 charge in Q4.
- Full year 2021 guidance: EPS $3.11-$3.13, FFO $6.50-$6.52; FY22 guidance: EPS $2.97-$3.17, FFO $7.25-$7.45.