Morningstar Stock Analyst Notes - Jan 27, 2010Boston Properties, Inc. (BXP)
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MorningstarWe plan no immediate change to our opinion of Boston Properties BXP , following its release of fourth quarter and full year results that were largely in line with our expectations. This office real estate investment trust saw deterioration in its financial results in the fourth quarter, and we expect weakness to continue throughout 2010, at least For the quarter and on a year over year basis,
Boston Properties' revenue fell 34% and its earnings before interest, taxes, depreciation and amortization fell 66% (We reclassify some non operating items the firm includes in revenue and expenses to get a better picture of its property operating performance)
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<span class="sent">We plan no immediate change to our opinion of <span class="company">Boston</span> Properties BXP , following its release of fourth quarter and full year results that were largely in line with our expectations. </span> This office real estate investment trust saw deterioration in its financial results in the fourth quarter, and we expect weakness to continue throughout 2010, at least For the quarter and on a year over year basis, <span class="company">Boston</span> Properties' revenue fell 34% and its earnings before interest, taxes, depreciation and amortization fell 66% (We reclassify some non operating items the firm includes in revenue and expenses to get a better picture of its property operating performance)
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