Boston Properties (BXP) Tops Q3 EPS by 5c

Boston Properties (NYSE: BXP) reported Q3 EPS of $0.58, $0.05 better than the analyst estimate of $0.53.

Financial highlights for the third quarter include:

• Net income attributable to common shareholders of $89.9 million, or $0.58 per diluted share (EPS), compared to $107.8 million, or $0.70 per diluted share, for the quarter ended September 30, 2019. The third quarter of 2020 included a $0.06 per share charge to revenue related to the write-off of accrued rent and accounts receivable of tenants primarily in the retail, fitness and entertainment sectors.
• Funds from Operations (FFO) of $244.0 million, or $1.57 per diluted share, compared to FFO of $253.6 million, or $1.64 per diluted share, for the quarter ended September 30, 2019. The third quarter of 2020 included a $0.06 per share charge to revenue related to the write-off of accrued rent and accounts receivable of tenants primarily in the retail, fitness and entertainment sectors.

For earnings history and earnings-related data on Boston Properties (BXP) click here.

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