Oct 29 (Reuters) - Real estate investment trust (REIT)

Boston Properties beat Wall Street estimates for

third-quarter revenue on Tuesday, as revenue from leases

improved.

In the first three quarters of 2024, the REIT executed

3.3 million square feet of leasing, representing a 25% increase

compared to the same period in 2023.

Quarterly revenue from leases rose 4% to $799.5 million.

Total revenue for quarter ended Sept. 30 came in at $859.2

million, higher than analysts' expectations of $834.6 million.

The company, however, lowered the top end of its annual

funds from operation (FFO) outlook on account of greater

projected depreciation and amortization expense.

It now expects an FFO between $7.09 per share and $7.11 per

share, compared to a range of $7.09 per share and $7.15 per

share forecast earlier.

The company reported an FFO of $1.81 per share for the

July-to-September quarter, in line with Wall Street estimates,

as per data compiled by LSEG.