Boston Properties first-quarter FFO flat

Tue Apr 29, 2008 11:46pm BST
 
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NEW YORK, April 29 (Reuters) - Boston Properties Inc (BXP.N: Quote, Profile, Research), which owns and develops office buildings, on Tuesday said quarterly funds from operations were about flat with a year ago, after it recorded a write-off for costs related to an abandoned development project.

First-quarter funds from operations (FFO), a measure of real estate investment trust performance, were $134.7 million, or $1.11 a diluted share compared with $133 million, or $1.10 per share, a year earlier.

(Reporting by Ilaina Jonas)

 

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