WASHINGTON (dpa-AFX) - Boston Properties, Inc. (BXP) reported that its second-quarter funds from Operations attributable to the company or FFO were $206.8 million, or $1.37 per share, up from $181.6 million, or $1.23 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.24 per share for the quarter. Analysts' estimates typically exclude special items.
Net income available to common shareholders rose to $119.1 million from $60.2 million in the year ago quarter.Net income for the quarter was $0.79 per share, up from $0.41 per share last year.
Total revenues for the quarter rose to $472.90 million from $433.87 million in the prior year quarter. Nine analysts had consensus revenue estimate of $432.26 million for the quarter.
For the third-quarter, the company expects earnings to be in the range of $0.33 - $0.35 per share, and FFO of $1.13 - $1.15 per share. Analysts expect the company to report earnings of $1.23 per share for the third-quarter.
Looking ahead for fiscal 2102 the company now expects earnings per share to be in the range of $1.98 - $2.04, and FFO of $4.85 - $4.91 per share. Previously, the company had expected earnings per share to be in the range of $2.02 - $2.12, and FFO of $4.83 - $4.93 per share for fiscal 2012. Analysts expect the company to report earnings of $4.84 per share for fiscal 2012.
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