Investing.com – Boston Properties reported third quarter results that beat analysts’ expectations on Tuesday and revenues that exceeded forecasts.
The company posted earnings per share of $ 0.79 on revenue of $ 790.50. Analysts interviewed by Investing.com had expected EPS of $ 0.72 on revenue of $ 769.59 million.
Since the beginning of the year, Boston Properties shares have fallen 34%, with a performance down 19% year to date.
Boston Properties follows other real estate companies who released their results this month.
On October 19, Prologis announced third-quarter EPS of $ 1.36 on revenue of $ 1.75 billion, compared to the expected EPS of $ 1.34 on revenue of $ 1.2 billion.
Crown Castle’s results missed consensus expectations on Oct.19, with third-quarter EPS of $ 0.97 on revenue of $ 1.57 billion. Analysts interviewed by Investing.com expected EPS of $ 0.9763 on revenue of $ 1.73 billion
