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Boston Properties Inc.

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Shares of Boston Properties underperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. Notably, there is an increase in supply of office space in the market, which is leading to lesser absorption and curtailing the landlord’s capability to demand more rents. Also, there is a trend of increased concessions in some of the markets. Further, several big companies are opting for resizing of their business and cost containment efforts, which is leading to a lesser demand for office space. In addition, hike in rate of interest remain a concern. Yet, the company’s properties located in select high-rent, high barrier-to-entry geographic markets, diversified tenant and industry base have the capability to support growth and its recent dividend hike is encouraging.

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