BXP, Inc. (BXP) reported its second-quarter financial performance on Tuesday, highlighting funds from operations (FFO) of $278.4 million, or $1.77 per share, a decline from last year's $292.8 million, or $1.86 per share.
Net earnings for the period came in at $79.6 million, or $0.51 per share, compared to $104.3 million, or $0.66 per share, in the prior year. Analysts surveyed by Thomson Reuters had anticipated earnings of $0.47 per share on average.
The company's revenue grew to $850.5 million, up from $817.2 million the previous year.
Looking forward, BXP projects FFO of $1.80 to $1.82 per share and earnings of $0.54 to $0.56 per share for the third quarter. For the fiscal year 2024, the company anticipates FFO in the range of $7.09 to $7.15 per share and earnings between $2.08 and $2.14 per share.
