‘Sentiment Around Office Is Worse Than The Reality’: Boston Properties Stock Up On Q2 Earnings National office REIT Boston Properties touted its improved financial performance during the second quarter as a positive sign for the office market, even as it sees challenges in the capital markets and in the Bay Area region. Boston Properties executed 938K SF of leases during the second quarter, up from 660K SF in Q1. The company's revenue of $817.2M was up 5.6% from the same quarter last year, and it beat its previous earnings projections and raised its guidance for the rest of the year. “Despite strong negative market sentiment, BXP had another productive quarter with financial performance and leasing above expectations,” BXP CEO Owen Thomas said on Wednesday's earnings call. 
The REIT’s stock price rose 3.6% Tuesday after its earnings release, bucking the day's trend as the S&P 500 and Dow Jones both fell.Boston Properties President Doug Linde said that usage of its office buildings picked up last quarter, with 80% of the desks in its New York City buildings being used…  Read the full story here. | 
