Boston Properties (NYSE: BXP) reported Q4 EPS of ($1.45), $1.93 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $858.6 million versus the consensus estimate of $836.85 million.

GUIDANCE:

Boston Properties sees Q1 2025 EPS of $0.33-$0.35, versus the consensus of $0.41 and FFO of $1.63 - $1.65 per diluted share, and full year 2025 EPS of $1.57 - $1.75, versus the consensus of $1.86 and FFO of $6.77 - $6.95 per diluted share.

The midpoint of guidance for 2025 EPS is projected to be higher than full year 2024 EPS primarily due to the 2024 non-cash impairment charges related to BXP’s investments in its unconsolidated joint ventures that are not projected to reoccur in 2025.

The midpoint of guidance for 2025 FFO per diluted share is projected to be lower than full year 2024 FFO per diluted share primarily due to higher net interest expense.

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