NYSE$BXP
Boston Properties Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Boston Properties' financial performance decreased due to the impact of the COVID-19 pandemic and strategic dispositions.
Boston Properties reported a decrease in revenue and net income for Q1 2021 compared to Q1 2020, primarily due to the impact of the COVID-19 pandemic. Revenue was $713.7 million, and net income attributable to Boston Properties, Inc. common shareholders was $91.6 million.
- Revenue decreased from $752.6 million in Q1 2020 to $713.7 million in Q1 2021.
- Net income attributable to Boston Properties, Inc. common shareholders decreased from $497.5 million in Q1 2020 to $91.6 million in Q1 2021.
- BXP's Share of Revenue decreased by $39.6 million from $720.4 million in Q1 2020 to $680.8 million in Q1 2021.
- Diluted FFO per share was $1.56.
Headline financials
Revenue & EPS history
Boston Properties · Revenue · Quarterly
$714M
Revenue by segment
Boston Properties · $708M total across 4 segments · Q1 2021
- Lease$686M-3.4%96.9%
- Parking and Other$14.5M-40.9%2.0%
- Dev & Mgmt Services$6.8M-13.7%1.0%
- Hotel$632K-90.7%0.1%
Forward guidance
The Company’s guidance for the second quarter 2021 for diluted earnings per common share attributable to Boston Properties, Inc. common shareholders (EPS) and diluted funds from operations (FFO) per common share attributable to Boston Properties, Inc. common shareholders is set forth and reconciled below.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.1%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.7%
Avg return
30 days after
50%
36 / 72 earnings
Positive
+6.4%
Q2 2018
Best reaction
-7.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | +1.6% | +4.4% | |
| Q4 2025 | -2.5% | -1.0% | +1.6% | |
| Q3 2025 | -5.0% | -4.7% | -2.3% | |
| Q1 2025 | -2.1% | -0.6% | +3.4% | |
| Q4 2024 | -5.9% | -2.0% | -3.1% | |
| Q3 2024 | -5.3% | -9.4% | -5.2% | |
| Q2 2024 | -0.1% | -6.2% | +4.3% | |
| Q1 2024 | -5.7% | -3.3% | -7.4% | |
| Q4 2023 | -7.9% | -11.8% | -10.4% | |
| Q3 2023 | +4.2% | +7.1% | +18.1% | |
| Q2 2023 | +0.6% | +2.9% | +0.2% | |
| Q1 2023 | -1.6% | +2.6% | -8.5% | |
| Q4 2022 | +3.0% | +4.6% | -9.8% | |
| Q3 2022 | +0.1% | -0.0% | -3.7% | |
| Q2 2022 | +0.9% | +2.2% | -5.7% | |
| Q1 2022 | +3.2% | +1.3% | -8.0% | |
| Q4 2021 | -0.3% | -1.5% | +4.3% | |
| Q3 2021 | -1.7% | -3.1% | +0.7% | |
| Q2 2021 | +2.3% | +1.7% | -3.0% | |
| Q1 2021 | +0.2% | +1.9% | +8.7% | |
| Q4 2020 | -1.7% | -0.0% | +12.5% | |
| Q3 2020 | -5.6% | -4.0% | +35.7% | |
| Q2 2020 | +1.0% | -0.7% | -1.4% | |
| Q1 2020 | +4.4% | -1.3% | -6.8% | |
| Q4 2019 | +1.3% | +1.6% | -9.1% | |
| Q3 2019 | +4.7% | +3.6% | +4.8% | |
| Q2 2019 | +0.5% | -1.6% | -3.2% | |
| Q1 2019 | +1.9% | -0.5% | -3.4% | |
| Q4 2018 | +4.5% | +5.1% | +6.3% | |
| Q3 2018 | +3.2% | +1.7% | +10.9% | |
| Q2 2018 | +6.4% | +5.8% | +6.7% | |
| Q1 2018 | -0.2% | +3.3% | +0.8% | |
| Q4 2017 | +2.0% | -1.6% | -2.8% | |
| Q3 2017 | +1.3% | +1.9% | +4.9% | |
| Q2 2017 | +0.8% | +2.7% | -0.3% | |
| Q1 2017 | -4.1% | -4.7% | -8.1% | |
| Q4 2016 | -0.8% | +0.3% | +4.1% | |
| Q3 2016 | -2.6% | -5.7% | -3.0% | |
| Q2 2016 | -0.3% | +2.2% | +1.0% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | +3.0% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | -2.9% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q4 2013 | +1.4% | — | — | |
| Q3 2013 | -2.2% | — | — | |
| Q2 2013 | -1.9% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | -1.7% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q3 2011 | -3.1% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q1 2011 | +2.8% | — | — | |
| Q4 2010 | +3.8% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2009 | -5.7% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q4 2009 | +1.8% | — | — | |
| Q4 2007 | +1.8% | — | — | |
| Q3 2008 | -0.4% | — | — | |
| Q3 2009 | -0.4% | — | — | |
| Q2 2008 | +3.2% | — | — | |
| Q2 2009 | +3.2% | — | — | |
| Q4 2008 | +3.2% | — | — |
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