Boston Properties Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Boston Properties, Inc. (BXP), a real estate investment trust, reported second-quarter net income available to shareholders of $76.5 million compared to $452.4 million, prior year. EPS was $0.50 compared to $2.94, prior year. Funds from Operations (FFO) were $207.0 million, or $1.35 per share, compared to $195.4 million, or $1.28 per share, prior year.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $1.33 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $589.79 million from $510.03 million, prior year. Analysts expected revenue of $570.78 million for the quarter.

The company expects its third-quarter earnings per share in the range of $1.99 to $2.01. Projected FFO per Share is expected to be in the range of $1.36 to $1.38. Analysts expect the company to report third-quarter earnings per share of $1.36.

The company expects its full year 2014 earnings per share in the range of $3.25 to $3.30. FFO per share is expected to be in the range of $5.24 to $5.29. Analysts expect the company to report full year earnings per share of $5.28.