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Boston Properties 1st-Quarter Profit Down 0.9%; Revenue Growth, One-Time Gain Mask Higher Expenses

Boston Properties Inc.'s (BXP) first-quarter profit fell 0.9% as the office landlord posted significantly higher expenses, offset in part by higher revenue and a debt-forgiveness gain.For the current quarter, the company expects funds from operations--a key measure of performance for the real-estate sector-of $1.25 to $1.27 a share. Analysts surveyed by Thomson Reuters had forecast $1.21 a share.Boston Properties lowered its full-year FFO to $4.97 to $5.07 a share, from its downbeat January forecast of $5.06 to $5.18 a share.The real-estate investment trust, which also manages and develops hotel and industrial properties, has recorded sustained revenue growth for more than three years, though earnings have been impacted by charges and expenses. Its properties are concentrated in the Boston, midtown Manhattan and Washington markets, where rents remained high through the recession, and as the housing market recovers.Owen Thomas, former chairman of Lehman Brothers Holdings Inc., earlier t...

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  2. Boston Properties 4th-Quarter Funds-From-Operations Beats View

    Boston Properties Inc.'s (BXP), one of the nation's largest office landlords, delivered stronger-than-expected fourth-quarter earnings on higher rents and occupancy ...

  3. Boston Properties 4th-Quarter Net Down 36% on Higher Expenses

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    Boston Properties Chairman Mort Zuckerman and Former UBS Chairman Joe Grano on efforts to reach a deal over taxes and government spending.

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  9. Boston Properties 3rd-Quarter Profit Down 18% on Higher Interest Expense

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    Boston Properties CEO Mort Zuckerman discusses candidates’ performance during the latest debate and the state of the economy.

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  3. Boston Properties Taps Owen Thomas as New CEO

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  5. Boston Properties Names Owen Thomas as CEO

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