Report
Michael Wong
EUR 100.00 For Business Accounts Only

Boston Properties Posts Healthy 1Q Results; We Maintain FVE

Boston Properties Group released impressive first-quarter results that reflected the strength of its enviable portfolio of properties across five of the healthiest office markets in the U.S. Companywide revenue increased 10%, while funds from operations rose 15% over the first quarter of 2018. These results confirm our long-term thesis that Boston Properties will continue to see growth driven by its portfolio of high-quality office assets. Accordingly, we expect to maintain our $138 per share fa...
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
Michael Wong

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