NYSE$BXP
Boston Properties Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Boston Properties' Q4 2022 earnings reflected a net income of $121.79 million and diluted EPS of $0.78.
Boston Properties' Q4 2022 earnings showed a net income attributable to Boston Properties, Inc. of $121.79 million, or $0.78 per diluted share. The company's FFO attributable to Boston Properties, Inc. was $292.94 million, or $1.86 per diluted share. Revenue for the quarter totaled $789.82 million.
- Net income attributable to Boston Properties, Inc. was $121.79 million.
- Diluted EPS was $0.78.
- FFO attributable to Boston Properties, Inc. was $292.94 million.
- Diluted FFO per share was $1.86.
Headline financials
Revenue & EPS history
Boston Properties · Revenue · Quarterly
$790M
Revenue by segment
Boston Properties · $785M total across 4 segments · Q4 2022
- Lease$739M+7.0%94.2%
- Parking and Other$26.1M+13.0%3.3%
- Hotel$11.1M+78.0%1.4%
- Dev & Mgmt Services$8.41M+11.8%1.1%
Forward guidance
BXP’s guidance for the first quarter 2023 and full year 2023 for diluted earnings per common share attributable to Boston Properties, Inc. (EPS) and diluted funds from operations (FFO) per common share attributable to Boston Properties, Inc. is set forth and reconciled below.
Tailwinds
- Average In-service portfolio occupancy between 88.00% and 89.50%
- Increase in BXP’s Share of Same Property net operating income (excluding termination income) between (0.50)% and 0.50%
- Increase in BXP’s Share of Same Property net operating income - cash (excluding termination income) between 1.00% and 2.50%
- BXP’s Share of Non Same Properties’ incremental contribution to net operating income over prior year (excluding asset sales) between $98,000 and $108,000
- Termination income between $3,000 and $5,000
Headwinds
- BXP’s Share of incremental net operating income related to asset sales over prior year between $(30,000) and $(28,000)
- BXP’s Share of straight-line rent and fair value lease revenue (non-cash revenue) between $100,000 and $120,000
- General and administrative expense between $(164,000) and $(157,000)
- Consolidated net interest expense between $(525,000) and $(515,000)
- Noncontrolling interest in property partnerships’ share of FFO between $(152,000) and $(147,000)
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 Q4 2022
-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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