Last $120.72 USD
Change Today -0.2603 / -0.22%
Volume 159.6K
BXP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 11:18 AM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

boston properties inc (BXP) Snapshot

Open
$120.71
Previous Close
$120.98
Day High
$121.29
Day Low
$120.27
52 Week High
06/9/14 - $122.40
52 Week Low
12/16/13 - $95.91
Market Cap
18.5B
Average Volume 10 Days
589.9K
EPS TTM
$1.69
Shares Outstanding
153.1M
EX-Date
06/26/14
P/E TM
71.2x
Dividend
$2.60
Dividend Yield
4.02%
Current Stock Chart for BOSTON PROPERTIES INC (BXP)

boston properties inc (BXP) Related Businessweek News

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boston properties inc (BXP) Details

Boston Properties, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the ownership and development of office properties. Its properties are located in Boston, Massachusetts; Washington, D.C.; midtown Manhattan, New York; San Francisco, California; and Princeton, New Jersey. As of December 31, 2008, the company owned interests in 147 properties, totaling approximately 49.8 million net rentable square feet and structured parking for vehicles containing approximately 11.2 million square feet. Its properties also included 143 office properties, 1 hotel, and 3 retail properties. In addition, the company owned or controlled an undeveloped land totaling approximately 509.3 acres. Boston Properties, Inc. has elected to be taxed as REIT under the Internal Revenue Code and would not be subject to federal income taxes, if it distributes approximately at least 90% of its taxable income to its shareholders. The company was founded in 1970 and is based in Boston, Massachusetts.

760 Employees
Last Reported Date: 02/28/14
Founded in 1970

boston properties inc (BXP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.9M
President, Principal Operating Officer and Di...
Total Annual Compensation: $2.2M
Co-Founder and Executive Chairman
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $1.1M
Head of the Washington, D.C. Office, Executiv...
Total Annual Compensation: $2.1M
Compensation as of Fiscal Year 2013.

boston properties inc (BXP) Key Developments

Boston Properties Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revises Earnings Guidance for the Full Year of 2014

Boston Properties Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total rental revenue of $570,921,000 compared to $491,060,000 a year ago. Total revenue was $589,794,000 compared to $510,033,000 a year ago. Operating income was $201,273,000 compared to $168,373,000 a year ago. Income from continuing operations was $95,901,000 or $0.50 per diluted share compared to $503,446,000 or $2.92 per diluted share a year ago. Net income attributable to the company common shareholders was $76,527,000 or $0.50 per diluted share compared to $452,417,000 or $2.94 per diluted share a year ago. Funds from operations attributable to the company was $207,010,000 compared to $195,415,000 a year ago. Diluted FFO per share was $1.35 compared to $1.28 a year ago. For the six months, company reported total rental revenue of $1,132,206,000 compared to $951,862,000 a year ago. Total revenue was $1,164,488,000 compared to $987,859,000 a year ago. Operating income was $378,170,000 compared to $296,375,000 a year ago. Income from continuing operations was $163,657,000 or $0.85 per diluted share compared to $541,942,000 or $3.13 per diluted share a year ago. Net income attributable to the company common shareholders was $130,594,000 or $0.85 per diluted share compared to $500,093,000 or $3.26 per diluted share a year ago. Funds from operations attributable to the company was $390,883,000 compared to $356,027,000 a year ago. Diluted FFO per share was $2.55 compared to $2.33 a year ago. For the third quarter of 2014, the company expects diluted EPS in the range from $1.99 to $2.01 and diluted FFO per share in the range from $1.36 to $1.38. The company has adjusted its guidance for FFO per share (diluted) for full year 2014 to $5.24 - $5.29 per share from $5.25 - $5.33 per share. The updated guidance reflects, among other items, a projected increase in same property GAAP net operating income of 2.00% - 2.50% for the full year 2014, which is greater than previous projected increase of 1.75% - 2.50%. The updated guidance also reflects, when compared to its prior guidance, an increase in development and management service income of $0.02 per share, a $0.01 per share decrease in net interest expense and a $0.05 per share decrease in FFO due to the completed and expected sales of Mountain View Technology Park and Mountain View Research Park Building Sixteen, Patriots Park and Broad Run Business Park Land. In addition, the company's projected share of gains on sales of real estate includes approximately $34.2 million from the expected conveyance to the Broad Institute of a condominium interest in 75 Ames Street in Cambridge, Massachusetts in the third quarter of 2014.

Boston Properties Inc., Q2 2014 Earnings Call, Jul 30, 2014

Boston Properties Inc., Q2 2014 Earnings Call, Jul 30, 2014

Boston Properties, Inc. Declares Quarterly Cash Dividend on Common Stock and 5.25% Series B Cumulative Redeemable Preferred Stock for the Period April 1, 2014 to June 30, 2014, Payable on July 31, 2014 and August 15, 2014, Respectively

Boston Properties Inc. announced that its board of directors declared a regular quarterly cash dividend of $0.65 per share of common stock for the period April 1, 2014 to June 30, 2014 payable on July 31, 2014 to shareholders of record as of the close of business on June 30, 2014. The board of directors also declared a regular quarterly cash dividend for the company's 5.25% Series B Cumulative Redeemable Preferred Stock. The cash dividend of $0.328125 per depositary share is payable on August 15, 2014 to shareholders of record as of the close of business on August 5, 2014 and covers the period from May 16, 2014 to August 15, 2014.

 

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Industry Analysis

BXP

Industry Average

Valuation BXP Industry Range
Price/Earnings 28.7x
Price/Sales 8.0x
Price/Book 3.4x
Price/Cash Flow 13.6x
TEV/Sales 2.1x
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