BXP, Inc. - BXP STOCK NEWS

BXP reported its Q1 2025 financial results, showing a 3.1% revenue increase to $865.2 million compared to Q1 2024. Net income decreased to $61.2 million ($0.39 per share) from $79.9 million ($0.51 per share) year-over-year.

Key highlights include:

• Executed 91 leases totaling over 1.1 million square feet
• CBD portfolio reached 89.8% occupancy and 92.3% leased
• Total portfolio occupancy at 86.9%
• Completed $4.2 billion in financings

Notable transactions include forming a joint venture for a 670-unit residential project in Jersey City and expanding their credit facility to $2.95 billion. The company provided guidance for Q2 2025 with EPS of $0.38-$0.40 and FFO of $1.65-$1.67 per share. Full-year 2025 guidance projects EPS of $1.60-$1.72 and FFO of $6.80-$6.92 per share.

BXP (NYSE: BXP), America's largest publicly traded premier workplace developer and owner, has released its 2024 Sustainability & Impact Report, highlighting significant environmental achievements. The company has reached carbon-neutral operations for greenhouse gas emissions scopes 1 and 2, while setting new 2030 targets for Energy and Water intensity reduction.

Key initiatives include expanding clean energy commitments to over 50 MW of onsite and offsite solar capacity. The company's sustainability excellence has earned multiple prestigious recognitions, including the ENERGY STAR Partner of the Year - Sustained Excellence Award, Best in Building Health award, Platinum-level Green Lease Leader status, and Nareit's Leader in the Light and Sustainability Impact Awards.

BXP, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, has scheduled the release of its first quarter 2025 financial results on Tuesday, April 29, 2025, after NYSE trading hours.

The company will host a conference call and webcast on Wednesday, April 30, 2025, at 10:00 A.M. Eastern Time to discuss the results and provide a company update. Interested participants can register to receive dial-in information and a unique PIN for the Q&A session. A listen-only webcast will be available in the Investors section of BXP's website, with a replay accessible for up to twelve months after the call.

BXP (NYSE: BXP) has announced significant expansions to its credit facilities, enhancing its financial flexibility. The company has:

• Increased its unsecured revolving credit facility by $250 million to $2.25 billion, with maturity extended to March 2030
• Extended its $700 million unsecured term loan facility for an initial four-year term
• Expanded its commercial paper program by $250 million to $750 million

The revolving credit facility carries a 0.20% annual facility fee with Term SOFR plus 0.85% interest rate, while the term loan bears interest at Term SOFR plus 1.05%. As of March 28, 2025, the company had $500 million outstanding under its commercial paper program at a weighted-average rate of 4.66%.

BXP (NYSE: BXP), the largest publicly traded developer and manager of premier workplaces in the United States, has announced a regular quarterly cash dividend of $0.98 per share for Q1 2025. The dividend will be payable on April 30, 2025 to shareholders of record as of March 31, 2025.

The company's portfolio spans six gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As of December 31, 2024, BXP's portfolio encompasses 53.3 million square feet across 185 properties, including seven under construction/redevelopment. The company operates as a real estate investment trust (REIT) with over 50 years of experience in delivering premier workplaces.

BXP has formed a joint venture to develop 290 Coles Street, a residential project in Jersey City, New Jersey. The $400M development will feature 670 market-rate units with views of the Hudson River and Manhattan skyline. The ownership structure comprises BXP (19%), Albanese Organization (14%), and CrossHarbor Capital (67%).

The development includes an 8-story podium and two towers (14 and 22 stories), over 350 parking spaces, and 13,000 square feet of retail space. The project secured a $225M senior secured construction loan led by BNY. Additionally, BXP will provide $65M in preferred equity funding.

Located in the SoHo West neighborhood, the property will offer 70,000 square feet of amenities including co-working spaces, fitness center, outdoor pool, and sky lounge. Construction is expected to complete in early 2028.

BXP, the largest publicly traded developer and manager of premier workplaces in the United States, has announced its participation in the 2025 Citi Global Property CEO Conference. The event will be held at the Diplomat Resort & Spa in Hollywood, Florida, from March 2-5, 2025.

Key executives including Owen Thomas (Chairman & CEO), Doug Linde (President), and Mike LaBelle (CFO) will participate in a roundtable discussion scheduled for Monday, March 3, 2025, at 9:35 AM ET. The discussion may cover current operating environment, trends, strategies, development activities, and other business matters.

BXP's portfolio spans six gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As of December 31, 2024, the company's portfolio comprised 185 properties totaling 53.3 million square feet, including seven properties under construction/redevelopment. A live webcast will be available on BXP's investor website, with a replay available shortly after the presentation.

BXP, the largest publicly traded developer and manager of premier workplaces in the US, reported strong leasing activity in Q4 2024 with approximately 2.3 million square feet of leases signed, featuring a weighted-average lease term of 10.3 years. This represents the company's strongest quarterly leasing performance since Q2 2019, approximately 130% above their historical 10-year Q4 average.

Notable Q4 leases included a 413,000 square foot renewal with Ropes & Gray at Prudential Tower in Boston, a 246,000 square foot renewal and expansion with KnitWell Group at 7 Times Square in NYC, and approximately 560,000 square feet of leases across California regions. For full-year 2024, BXP executed 291 leases totaling 5.6 million square feet with a weighted-average lease term of 9.8 years.

BXP reported its Q4 and full year 2024 results, highlighting revenue growth of 3.6% to $858.6 million in Q4. The company experienced a net loss of $230 million ($1.45 per share) in Q4 2024, compared to net income of $119.9 million in Q4 2023, primarily due to non-cash impairment charges of $341.3 million.

Key operational highlights include executing 2.3 million square feet of leases in Q4 (83 leases) and 5.6 million square feet for full year 2024 (291 leases). The CBD portfolio maintained 90.9% occupancy and 92.8% leased status.

For 2025, BXP provided guidance with EPS of $1.57-$1.75 and FFO of $6.77-$6.95 per diluted share. The company completed significant transactions including the acquisition of 725 12th Street in Washington, DC for $34 million and strengthened its balance sheet through approximately $3.2 billion in debt market activities.