BXP Q3 FFO Declines, Revenue Rises; Full-Year Guidance Updated

MT Newswires Live

2024/10/30

BXP (BXP) reported Q3 funds from operations late Tuesday of $1.81 per diluted share, down from $1.86 a year earlier.

Analysts polled by Capital IQ expected $1.80.

Revenue for the quarter that ended Sept. 30 was $859.2 million, up from $824.3 million a year earlier.

Analysts surveyed by Capital IQ expected $834.8 million.

The company expects a full-year 2024 FFO of $7.09 to $7.11 per diluted share, compared with its prior guidance of $7.09 to $7.15. Analysts surveyed by Capital IQ expect $7.11.

Shares of the company fell 2.3% in recent after-hours activity.

Price: 84.18, Change: -2.01, Percent Change: -2.33

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