Boston Properties' (BXP) CEO Owen Thomas on Q3 2017 Results - Earnings Call Transcript

11/5/17

Thank you, Arista, and good morning. First, I'd like to thank everyone who attended or listened to our Investor Conference in early October. Given that we just completed a thorough review of our portfolio and markets, we're going to focus our remarks this morning on the quarterly results, 2018 guidance and anything else that's new since the conference.

On current results, our FFO per share for the quarter was $0.04 above our prior forecast and $0.03 above Street consensus. We also, as a result, increased the midpoint of our full year 2017 guidance by $0.02. We leased 2.6 million square feet in the third quarter, which is significantly above our long-term quarterly average for the period. Year-to-date, we've leased 4.1 million square feet, and are on track for above-average leasing for 2017.

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