Boston Properties Beats Estimates
Boston Properties Inc. (NYSE:BXP), one of the leading real estate investment trusts (REITs), reported fourth quarter 2011 FFO (funds from operations) of $179.3 million or $1.21 per share, compared with $89.9 million or $0.64 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained [...]
Boston Properties Inc. (NYSE:BXP), one of the leading real estate investment trusts (REITs), reported fourth quarter 2011 FFO (funds from operations) of $179.3 million or $1.21 per share, compared with $89.9 million or $0.64 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The reported FFO for the quarter surpassed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards