earnings
confidence high
sentiment positive
materiality 0.75
Boston Properties beats Q4 EPS guidance; revenue up 10% to $731M; FY2022 FFO guidance $7.30-$7.45
BXP, Inc.
2021-FY EPS reported
$3.17
revenue$2,888,621,000
- Q4 EPS $1.18, FFO $1.55; exceeded midpoint of guidance by $0.05; revenue $731M (+10% YoY); net income $184.5M vs $7.3M YoY.
- Full-year 2021 EPS $3.17, FFO $6.56 per share; executed 5.1M sq ft of leases in 2021 vs 3.7M in 2020.
- Q1 2022 EPS guidance $0.67-$0.69, FFO $1.72-$1.74; full-year EPS $3.00-$3.15, FFO $7.30-$7.45.
- Redeemed $1.0B of 3.85% senior notes due 2023; recognized $0.25 per share loss from early extinguishment.
- Launched co-investment program with CPP Investments and GIC ($1.0B equity, $2.0B capacity); acquired Safeco Plaza in Seattle.