BOSTON-Boston Properties, the locally based REIT, reported first quarter 2002 funds from operations of $88.9 million or 98 cents per basic share and 93 cents per diluted share.

FFO for the same period last year were $79.2 million or $0.89 per basic share and $0.85 per diluted share for the quarter. This represents a 9.4% quarter to quarter increase in diluted FFO per share

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