BXP Announces 2025 Tax Treatment of Its Distributions

Key Terms

cusip financial

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

short-term capital gain financial

A short-term capital gain is the profit an investor realizes when they sell an asset they owned for a short period—typically one year or less—and it is taxed at higher, ordinary income tax rates rather than lower long-term rates. It matters because taxes reduce the money you keep from a trade, so knowing whether a gain is short-term can change decisions about how long to hold an investment, similar to choosing between a fast but costly service and a slower, cheaper option.

unrecaptured section 1250 gain financial

A portion of the taxable profit realized when selling depreciable real estate that represents previously claimed depreciation deductions and is taxed at a special, generally higher capital-gains-related rate (capped at 25% under U.S. tax rules). Think of it as paying back part of the tax benefit you took earlier; it matters to investors because it reduces the after-tax proceeds from a sale and can change the economics and timing of selling property or property-related investments.

section 199a dividends financial

Section 199A dividends are certain dividend payments from real estate investment trusts (REITs) and publicly traded partnerships that qualify for a special U.S. tax deduction allowing up to a 20% reduction of the income they create. For investors, that means these payouts are taxed differently than regular dividend income—they don’t get the lower capital gains rate but can lower taxable income through the deduction, similar to getting a partial tax rebate on that income.

section 897 gains regulatory

Section 897 gains are profits that a non‑U.S. person realizes when selling an interest in U.S. real property, such as land or buildings, and are subject to special U.S. tax rules. Think of it like a mandatory tax check at closing for foreign sellers: it can reduce net proceeds, trigger withholding and extra filing obligations, and therefore affects valuation, deal structuring and cash expected by investors.

section 1231 gains regulatory

Section 1231 gains are the net profits from selling or exchanging business properties—such as buildings, machinery, or land—held for more than one year that the tax rules treat as long-term capital gains. They matter to investors because they often get taxed at lower capital-gain rates, but if overall results are a net loss those losses are treated like ordinary losses against regular income; think of it as a seesaw that favors the most beneficial tax outcome for long-held business assets.

section 1061 regulatory

Section 1061 is a U.S. tax rule that changes how certain profit shares earned by investment managers—commonly called carried interest—are taxed: if the partnership interest is held less than three years, gains from that interest are treated like ordinary income rather than lower-taxed long-term capital gains. For investors this matters because it can reduce the after-tax returns of funds and influence manager behavior—think of it like a minimum holding period you must meet to qualify for a better tax rate.

real estate investment trust (reit) financial

A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate like shopping malls, apartments, or office buildings. Investors buy shares of the REIT, making it easy for people to invest in real estate without buying property themselves, and it often pays regular dividends from the rent it collects.

BOSTON--(BUSINESS WIRE)-- BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the 2025 tax treatment of distributions on shares of its common stock, as described below. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment to them of these distributions.

Common Shares (CUSIP #101121101)
Record Date	Payment Date	Total Distribution per Share	Total Distribution Allocable to 2025	2025 Taxable Ordinary Dividends	2025 Qualified Dividends (1)	2025 Short-term Capital Gain (1)	2025 Total Capital Gain Distribution (2)	2025 Unrecaptured Section 1250 Gain (3)	2025 Section 199A Dividends (1)
12/31/2024	1/30/2025	$0.980000	$0.980000	$0.632289	$0.006089	$0.001784	$0.347711	$0.195532	$0.624416
3/31/2025	4/30/2025	$0.980000	$0.980000	$0.632289	$0.006089	$0.001784	$0.347711	$0.195532	$0.624416
6/30/2025	7/31/2025	$0.980000	$0.980000	$0.632289	$0.006089	$0.001784	$0.347711	$0.195532	$0.624416
9/30/2025	10/31/2025	$0.700000	$0.700000	$0.451635	$0.004349	$0.001274	$0.248365	$0.139666	$0.446012
12/31/2025	1/29/2026	$0.700000	$0.000871	$0.000562	$0.000005	$0.000001	$0.000309	$0.000174	$0.000556
		$4.340000	$3.640871	$2.349064	$0.022621	$0.006627	$1.291807	$0.726436	$2.319816
			100%	64.5193%			35.4807%
(1) These amounts are a subset of, and included in, the 2025 Taxable Ordinary Dividend amounts.
(2) These amounts are also reported as Section 897 gains attributable to dispositions of USRPIs. In addition, for purposes of Section 1061 of the Internal Revenue Code, 100% of the distributions reported as 2025 Total Capital Gain Distributions are from sales of assets that either generated Section 1231 gains or were held for more than 3 years. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interest.”
(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the 2025 Total Capital Gain Distribution amount.

The entire common stock distribution with a record date of December 31, 2024, is allocable to 2025 for federal income tax purposes. The common stock distribution with a record date of December 31, 2025, will be a split-year distribution with $0.000871 allocable to 2025 for federal income tax purposes and $0.699129 allocable to 2026 for federal income tax purposes.

ABOUT BXP
BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets -Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of December 31, 2025, BXP’s portfolio, including properties owned by unconsolidated joint ventures, totaled 52.9 million square feet and 180 properties, including seven properties under construction or redevelopment. For more information, visit www.bxp.com or follow us on LinkedIn or Instagram.

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AT BXP

Mike LaBelle

Executive Vice President

Chief Financial Officer and Treasurer

mlabelle@bxp.com

Michael Walsh

Senior Vice President

Chief Accounting Officer

mwalsh@bxp.com

Source: BXP