$BXP (Boston Properties Inc.)

$BXP {{ '2016-07-27T01:01:13+0000' | timeago}} • Announcement

As of 2Q16-end, $BXP's portfolio consisted of 168 properties totalling approx. 46.5MM square feet, including eight properties under construction/redevelopment totaling approx. 3.8MM square feet. The overall percentage of leased space for the 157 properties in service (excluding two residential properties and hotel) was 90.8%.

$BXP {{ '2017-06-16T20:14:04+0000' | timeago}} • Announcement

$BXP's BoD declared a regular quarterly cash dividend of $0.75 per share of common stock for the period April 1, 2017 to June 30, 2017. The dividend is payable on July 31, 2017 to shareholders of record as of June 30, 2017.

$BXP {{ '2017-04-26T15:53:23+0000' | timeago}} • Announcement

As of 1Q17 end, $BXP’s portfolio consisted of 174 properties aggregating approximately 47.7MM square feet. Boston Properties sees diluted EPS of $0.77-0.79 for 2Q17 and $2.60-2.68 for FY17. Diluted FFO per share is projected at $1.61-1.63 for 2Q17 and $6.15-6.23 for FY17.

$BXP {{ '2017-04-26T15:45:05+0000' | timeago}} • Announcement

$BXP's net attributable income almost halved to $97.1MM for 1Q17 from $181.7MM a year ago, as total revenue dropped 5% to $632.2MM. Diluted EPS fell to $0.63 from $1.18 a year ago. Funds from Operations (FFO) for the quarter were $228.4MM, or $1.48 per share diluted.

$BXP {{ '2017-03-16T21:12:20+0000' | timeago}} • Announcement

$BXP BoD declared 1Q17 cash dividend of $0.75 per share, payable on April 28, 2017 to shareholders of record as of March 31, 2017. The Board also declared a regular quarterly cash dividend for 5.25% series B preferred stock. The cash dividend of $0.328125 per depositary share is payable on May 15, 2017 to shareholders of record as of May 5, 2017.

$BXP {{ '2017-02-01T20:28:21+0000' | timeago}} • Webcast

$BXP had no new transactions in 4Q16 for dispositions. For all of 2016, the company completed three deals for total gross proceeds of $235MM in line with projections provided at the beginning of the year. For 2017, $BXP anticipated continuing the selective disposition of non-core assets with projected total gross proceeds in excess of $200MM.

$BXP {{ '2017-02-01T20:23:29+0000' | timeago}} • Announcement

$BXP has updated its projected guidance for diluted EPS for full year 2017 to $2.56-2.66 from $2.58-2.76. The company has updated its projected guidance for FFO per diluted share for full year 2017 to $6.13-6.23 from $6.05-6.23.

$BXP {{ '2017-02-01T20:17:44+0000' | timeago}} • Announcement

Real estate investment trust $BXP reported an increase in 4Q16 earnings. Net income was $145.5MM or $0.94 per share compared to $137.9MM or $0.90 per share in 4Q15. Total revenue was $636MM. Funds from Operations (FFO) were $236.9MM or $1.54 per diluted share.

$BXP {{ '2016-12-19T13:54:21+0000' | timeago}} • Announcement

$BXP said its BoD declared a regular quarterly cash dividend of $0.75 per share of common stock for the period Oct. 1, 2016 to Dec. 31, 2016 payable on Jan. 30, 2017 to shareholders of record as of the close of business on Dec. 30, 2016.

$AKAM {{ '2016-11-21T14:48:24+0000' | timeago}} • Announcement

$AKAM released plans for building of its new global headquarters in Cambridge, Massachusetts. $AKAM agreed with $BXP to lease a newly-constructed building at 145 Broadway, in the heart of Cambridge's Kendall Square neighborhood. The about 486,000 square foot building is scheduled to open at end of 2019.

$BXP {{ '2016-10-26T15:05:21+0000' | timeago}} • Webcast

$BXP's funds from operations (FFO) were $219.6MM or $1.42 per diluted share in 3Q16. The company expects FY17 FFO to be in the range of $6.05-6.23, up $0.16 per share from the midpoint of FY16 projected FFO.

$BXP {{ '2016-10-26T14:28:26+0000' | timeago}} • Webcast

$BXP said its portfolio now consists of 174 properties combining approx. 47.7MM square feet, including 8 properties under construction or redevelopment totaling about 4MM square feet.

$BXP {{ '2016-10-25T23:27:33+0000' | timeago}} • Announcement

$BXP has updated its projected diluted EPS for the full year 2016 to $2.98-3.00 per share from $3.04-3.11 per share. The company has also updated its projected guidance for diluted FFO per share for the full year 2016 to $5.97-5.99 per share from $5.92-5.99 per share.

$BXP {{ '2016-10-25T23:25:10+0000' | timeago}} • Announcement

$BXP posted lower 3Q16 earnings, hurt by lower gains on sales of real estate, compared to 3Q15. Net income attributable to common shareholders was $76.7MM or $0.50 per diluted share compared to $184.1MM or $1.20 per diluted share last year. Total revenue fell slightly from last year to $625.23MM.

$BXP {{ '2016-07-27T15:37:33+0000' | timeago}} • Webcast

Deutsche Bank analyst Vincent Chao questions $BXP whether there are any discussions in line with WeWork for potentially retrading that. CEO Owen Thomas says that there are no discussions with regards to retrading. The company says that it is actively engaged with WeWork at the Navy Yard and it is successful with its own facilities.

$BXP {{ '2016-07-27T15:26:11+0000' | timeago}} • Webcast

Wells Fargo analyst Blaine Heck follows up by asking $BXP whether it is looking for same-store occupancy drag for the rest of 2016. CFO Michael LaBelle says that there will be some degradation in occupancy during 3Q16. The company hopes it to come back in 4Q16 and late in 4Q16.

$BXP {{ '2016-07-27T15:21:19+0000' | timeago}} • Webcast

BofA Merrill Lynch analyst Jamie Feldman probes that based on the leasing done, when does $BXP see the inflection point for same store to turn positive. CFO Michael LaBelle says that the company expects it to positive, about 2-4% in 2016. It has been higher than the first two quarters, so it is just going to come down a little bit.

$BXP {{ '2016-07-27T15:17:12+0000' | timeago}} • Webcast

Citigroup analyst Michael Bilerman questions $BXP whether it needs outside commitment to get tenants into the Colorado Center project. President Douglas Linde says that $BXP has discussed with its partners that common areas need to be refreshed in a more significant way than simply painting & carpeting, and so it has hired design professionals.

$BXP {{ '2016-07-27T15:02:08+0000' | timeago}} • Webcast

$BXP said that last week, Moody's announced a positive outlook on its unsecured debt ratings. The company states that bond market has performed well through the recent volatility, while credit spreads have tightened. $BXP has access to the secure debt markets where comparable borrowing costs are in low-to-mid 3% range for high-quality properties.

$BXP {{ '2016-07-27T14:59:11+0000' | timeago}} • Webcast

$BXP says that debt markets have opened and are improving in the face of the recent volatility in the rates market, and uncertainty in the global recovery after Brexit. The company said that it used $500MM of its cash balances to fund the acquisition of Colorado Center in July, bringing available cash down to approx. $700MM after quarter-end.

$BXP {{ '2016-07-27T14:40:13+0000' | timeago}} • Webcast

During 2Q16, $BXP delivered three projects fully into service, including 601 Massachusetts Avenue in Washington, 10 CityPoint in Waltham and 804 Carnegie Center in Princeton. In aggregate, these building comprise 850,000 square feet, are 94% leased, costs $487MM to build, and are being delivered at a 7.8% NOI return on cost.

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