BXP Sees Q3 EPS Of $0.54-$0.56 Vs $0.52 Est; FFO $1.80-$1.82 Per Diluted Share; Sees FY24 EPS $2.08-$2.14 Vs $2.12 Est.; FFO $7.09-$7.15
Author: Benzinga Newsdesk | July 30, 2024 04:48pm
Guidance
BXP provided guidance for third quarter 2024 EPS of $0.54 - $0.56 and FFO of $1.80 - $1.82 per diluted share, and full year 2024 EPS of $2.08 - $2.14 and FFO of $7.09 - $7.15 per diluted share. This represents an increase of approximately $0.08 per share at the midpoint of our guidance provided last quarter for both EPS and FFO per share primarily due to:
- lower-than-projected non-cash interest expense and greater contributions from portfolio operations in the second quarter as described above, and
- an increase in projected contributions from portfolio operations in the second half of 2024, primarily from higher termination income.
Posted In: BXP
