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HRPT Properties Trust Wraps Up Q4

NEWTON, MA-The company's conference call wraps up the year-end numbers and discusses a play for capital.

By Ryan Clark | Updated on February 26, 2009

NEWTON, MA-HRPT Properties Trust is slightly down in leasing over the quarter, but making some plays for capital. The company in a conference call pointed to its closing numbers and discussed an IPO which would hopefully bring cashflow.

The FFO for common shareholders for Q4 was $0.27 per share basic and diluted, which is the same year-over-year from 2007. While FFO for the entire year ending Dec. 31st, 2008 is $1.11 per share basic and $1.08 per share diluted, as opposed to ’07 which closed the year at $1.16 per share basic and $1.12 per share diluted.

As of year-end occupancy was down to 90.4% from 90.6% as of Sept. 30th, 2008. Specifically, Boston same store NOI declined 23.3% in 2008 and seems to be the only market for HRPT experiencing significant roll downs through 2009.

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