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Boston Properties Inc. Down 1.84% To $73.17 After Earnings

Wednesday, February 01, 2023 02:40 PM | InvestorsObserver Analysts

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Boston Properties Inc. Down 1.84% To $73.17 After Earnings

Boston Properties, Inc. (BXP) reported better than expected earnings this afternoon for Q4 2022.

Boston Properties Inc.'s earnings came in at an EPS of $1.86 per share. The firm's earnings are up 20% since reporting $1.55 per share in the same period a year ago.

Analyst projections for Boston Properties Inc. revenue came in at a consensus of $778 million. Fourth-Quarter revenues surpassed estimates for $789.8 million by $11.9 million (2%). The company achieved 8% growth year-over-year compared to the firm's revenue of $731.1 million from the year-ago quarter. The higher earnings growth relative to revenue signals Boston Properties Inc. has improved its profit margin.

The stock is down 1.84% to $73.17 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 35. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Boston Properties owns over 200 properties consisting of approximately 53 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.

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