WASHINGTON (dpa-AFX) - Boston Properties Inc. (BXP) Tuesday reported third-quarter funds from operations, or FFO, of $197.9 million or $1.29 per share, up from $175.8 million or $1.15 per share in the same period last year.
On average, 20 analysts polled by Thomson Reuters expected the company to report FFO of $1.28 per share for the quarter. Analysts' estimates typically exclude special items.
Net income available to common shareholders increased to $152.7 million or $1.00 per share from $57.2 million or $0.38 per share last year.
Revenues increased to $574.08 million from $466.68 million last year. Analysts expected revenues of $510.68 million.
Looking ahead to the fourth-quarter, the company has forecast FFO in a range of $1.23 to $1.25 per share. Analysts currently expect fourth-quarter FFO of $1.29 per share.
For the fiscal 2014, the company projects FFO in a range of $5.20 to $5.35 per share, up from its previous guidance range of $4.89 to $4.94 per share. Analysts currently expect full-year FFO of $4.90 per share.
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