Investing.com - Boston Properties reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Boston Properties announced earnings per share of $0.71 on revenue of $713.8M. Analysts polled by Investing.com anticipated EPS of $0.5796 on revenue of $691.76M.
Boston Properties shares are up 22% from the beginning of the year and are trading at $116.24 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.18% from the start of the year.
Boston Properties follows other major Real Estate sector earnings this month
Boston Properties's report follows an earnings beat by Prologis on July 19, who reported EPS of $0.81 on revenue of $1.01B, compared to forecasts EPS of $0.4287 on revenue of $1.01B.
Equity Residential had beat expectations on Tuesday with second quarter EPS of $0.84 on revenue of $598.1M, compared to forecast for EPS of $0.185 on revenue of $590.69M.
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