Boston Properties Q2 FFO Down - Quick Facts

(RTTNews) - Boston Properties Inc. (BXP) Tuesday said second-quarter funds from operations, or FFO, declined to $195.4 million or $1.28 per share from $206.5 million or $1.36 per share in the same period last year.

On average, 20 analysts polled by Thomson Reuters expected the company to report FFO of $1.27 per share for the quarter. Analysts' estimates typically exclude special items.

Net income available to common shareholders increased to $452.4 million or $2.94 per share from $118.6 million or $0.78 per share last year.

Looking ahead to the third quarter, the company has forecast FFO in the range of $1.27 to $1.29 per share. Analysts currently expect third-quarter FFO of $1.31 per share.

Earnings is expected to range between $0.97 and $0.99 per share.

For the fiscal 2013, the company currently projects FFO in a range of $4.89 to $4.94 per share, down from its previous guidance range of $4.97 to $5.07 per share. Analysts currently expect full-year FFO of $4.98 per share.

Earnings is expected to range between $4.76 and $4.81 per share.