BXP, Inc. operates as a fully integrated real estate investment trust that develops, owns, and manages premier workplaces in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. Company news commonly covers leasing volume, occupancy, client expansions, development and redevelopment projects, strategic asset sales, acquisitions, and portfolio repositioning across urban gateway markets.
Updates also include quarterly operating results, FFO and EPS guidance, dividend declarations, distribution tax treatment, capital allocation priorities, and conference presentations addressing the office operating environment, investment activity, and balance sheet strategy.
BXP (NYSE: BXP) raised its full-year earnings outlook after reporting third-quarter revenue of $911.4 million and improved portfolio occupancy.
Revenue rose 4.6% year over year. Net income attributable to BXP was $114.5 million, or $0.71 per diluted share, versus a $121.7 million loss, or $0.77 per share. Funds from operations (FFO), an earnings measure excluding certain real-estate costs and gains, reached $302.2 million, or $1.89 per diluted share, versus $276.7 million, or $1.74. BXP expects 2026 EPS of $2.35–$2.37 and FFO per diluted share of $7.06–$7.08. Occupancy increased 100 basis points from the second quarter to 89.4%; 74 leases covered approximately 1.2 million square feet. BXP sold a 10.6% interest in 343 Madison Avenue while retaining control, secured a $1.2 billion construction loan, and completed two Washington office sales. Its operating partnership issued $700.0 million of senior notes.
BXP (NYSE: BXP) completed the sale of a 10.6% equity interest in its 343 Madison Avenue development to AVRS Partners. The transaction adds development capital and reduces BXP’s required equity commitment. BXP retains full decision-making authority and earns customary fees as development, property and leasing manager.
The approximately $2.0 billion Manhattan project is under construction, with completion expected in the third quarter of 2029. It is approximately 56% pre-leased, including Starr and McDermott Will & Schulte. Executed letters of intent would raise pre-leasing to approximately 70% if converted to leases. Capitalization also includes a $1.2 billion construction loan closed in July 2026.
BXP (BXP) and JLL (JLL) have joined the team for Fifty at First, a planned office tower in downtown San Francisco. The San Francisco Recovery Fund retained BXP as a consultant across development, leasing and marketing, and named JLL the exclusive office leasing agent.
The proposed tower at First and Mission streets comprises 1.5 million square feet and stands 915 feet tall in its design. SFRF expects it to open in 2031 and become San Francisco's second-tallest building upon completion. SFRF acquired the site, formerly known as Oceanwide Center, in January 2026 and has unveiled new renderings. Gensler leads the design team.
BXP (NYSE: BXP) will release its third-quarter 2026 financial results on October 27, 2026, after the close of NYSE trading. The company will host a conference call and webcast on October 28, 2026, at 10:00 A.M. Eastern Time to discuss the results and provide a company update.
BXP (BXP) declared a regular quarterly cash dividend of $0.70 per common share for the period July 1 to September 30, 2026. The dividend is payable on October 30, 2026 to shareholders of record as of the close of business on September 30, 2026.
BXP is a U.S. workplace-focused REIT with a 51.1 million square foot portfolio across 164 properties as of June 30, 2026.
BXP (BXP)/b) plans to present at the BofA Securities 2026 Global Real Estate Conference in New York City on September 15, 2026.Chairman & CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle are expected to participate. BXP expects to begin its presentation at approximately 3:45 PM ET on Tuesday, September 15, 2026, and may discuss the operating environment, trends and strategies, development and redevelopment activities, and other business and financial matters. A live webcast and replay will be available via the Investors section of BXP’s website.
BXP (NYSE: BXP) announced that its operating partnership, Boston Properties Limited Partnership, has priced a public offering of $700 million of 6.050% senior unsecured notes due 2036. The notes were priced at 99.837% of principal to yield 6.070% and are expected to close on August 31, 2026, subject to customary conditions.
According to BXP, estimated net proceeds of approximately $692.4 million will be used primarily to redeem or repay its $1.0 billion of 2.750% senior notes due October 1, 2026, with the balance funded from cash and/or its unsecured revolving credit line.
BXP (NYSE: BXP) closed a $1.2 billion construction loan to fund development of 343 Madison Avenue, a planned 46‑story, roughly 930,000-square-foot premier workplace tower in Midtown Manhattan with direct access to Grand Central Terminal’s Madison Concourse. The loan is a key step in capitalizing the $2 billion project and supporting ongoing construction.
The facility has a four-year initial term with a one-year extension option, an initial interest rate of Term SOFR + 2.50%, and a reduction to Term SOFR + 2.25% upon meeting specified leasing and construction milestones. BXP expects delivery in late 2029, reports that about 50% of the building is pre-leased, and highlights sustainability targets such as LEED Platinum and other certifications.
BXP (NYSE: BXP) reported second quarter 2026 revenue of $895.7 million, up 3.1% year over year, with net income attributable to BXP of $68.6 million or $0.43 per diluted share versus $0.56 a year ago. EPS missed the midpoint of guidance by $0.02, primarily due to a $18.0 million non-cash impairment tied to the anticipated disposition of Sumner Square. Funds from operations (FFO) rose to $283.4 million, or $1.78 per diluted share, up from $1.71 and $0.08 above guidance midpoint.
BXP executed 1.8 million sq. ft. of leasing (129% of its 10‑year Q2 average), lifting total portfolio occupancy to 88.4%, up 100 bps sequentially, with leased percentage at 91.3%. The company fully placed in-service the 572,578 sq. ft., fully leased 290 Binney Street lab property and began redevelopment of largely pre-leased Reservoir Place. BXP also formed a joint venture to develop a 359‑unit multifamily project in Herndon, Virginia and closed a $1.2 billion construction loan for 343 Madison Avenue.
BXP (NYSE:BXP) plans to release its second quarter 2026 financial results on Tuesday, July 28, 2026, after the NYSE close.
Management will host a conference call and live webcast on Wednesday, July 29, 2026, at 10:00 a.m. Eastern Time, with a replay available on the investor website.