Report
Brad Schwer
EUR 101.80 For Business Accounts Only

Boston Properties Reports 4Q Earnings, Anticipates Tax Reform Tailwinds for Leasing

There was some reassuring news out of Boston Properties’ fourth-quarter call, providing a lift for the sector as a whole. The company increased its 2018 funds from operations guidance to between $6.23 and $6.36 per share. Management’s discussion paralleled some thoughts we had in a note last week that focused on tenants reinvesting tax savings into future office needs. With more cash in their pockets, we think tenants will be less price-conscious when it comes to seeking out new space and will l...
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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