- FFO (Funds From Operations) per share: $1.77, which is higher than the estimate of $1.73 but lower than last year’s $1.86.
- Revenue: $850.5 million, a 4.1% increase year-over-year, beating the estimate of $820.1 million.
- Occupancy: 87.1%, slightly down from last year’s 88.3%, but above the estimate of 86.9%.
- Guidance for Third Quarter 2024:
- EPS (Earnings Per Share): $0.54 – $0.56
- FFO per diluted share: $1.80 – $1.82
- Full Year 2024 Guidance:
- EPS: $2.08 – $2.14
- FFO per diluted share: $7.09 – $7.15
- Analyst Ratings:
- 8 Buy
- 15 Hold
- 1 Sell
A look at Boston Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Boston Properties shows a promising long-term outlook for investors. With a high dividend score of 5, investors can expect solid returns through dividends. Additionally, the company scores well in momentum with a score of 4, indicating positive market sentiment and potential for future growth. However, Boston Properties falls slightly short in resilience, scoring a 2, suggesting some vulnerability to economic downturns. Overall, with a value score of 3 and growth score of 3, the company presents a balanced investment opportunity for those considering real estate investment trusts.
Boston Properties, Inc. is a reputable real estate investment trust that focuses on owning, managing, and developing office properties across key cities in the United States. With a significant presence in major metropolitan areas like Boston, Washington, D.C., Midtown Manhattan, and San Francisco, the company has established itself as a prominent player in the real estate market. Investors may find Boston Properties appealing due to its strong dividend performance, positive momentum, and strategic positioning in lucrative real estate markets, providing a solid foundation for potential long-term growth and income generation.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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