Report
Brad Schwer
EUR 100.00 For Business Accounts Only

Boston Properties Furthers Its West Coast Expansion; Reports In-Line 1Q Results

Boston Properties reported first-quarter results that were in line with management’s expectations. Additionally, the company increased the midpoint of full-year 2018 funds from operations guidance by $0.02 to between $6.23 and $6.36 per share, citing development deliveries and occupancy increases as the underlying driver in the short term. This is consistent with our estimates, as we anticipate more significant rents hitting the bottom line from recent developments such as Salesforce Tower, whic...
Underlying
Boston Properties Inc.

Boston Properties is a real estate investment trust that develops, owns and manages primarily office properties. The company's properties are concentrated in five markets: Boston, Los Angeles, New York, San Francisco and Washington, DC. The company is a real estate company, with in-house knowledge and resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services. The company manages Boston Properties Limited Partnership, which is the entity through which the company conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brad Schwer

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