Boston Properties reported second-quarter revenue of $831.68 million, a 3.2% increase from a year earlier, surpassing the Zacks Consensus Estimate of $812.49 million. Earnings per share came in at $1.78, up from $0.56 in the same quarter last year and above the analyst consensus of $1.71. The occupancy rate for in-service properties reached 88.4%, slightly ahead of the 88% estimate. Revenue from parking and other sources was $36.49 million, hotel revenue was $14.9 million, and development and management services revenue was $7.63 million, all compared to analyst projections. The company's shares have gained 3.2% over the past month, outperforming the S&P 500's 1.7% advance.
Boston Properties Inc.Q2 revenue and EPS beat estimates, with occupancy slightly ahead of forecast.
BXP, Inc.Q2 revenue and EPS beat estimates, with occupancy slightly ahead of forecast.