Welcome to our dedicated page for BXP news (Ticker: BXP), a resource for investors and traders seeking the latest updates and insights on BXP stock.
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.
FiscalNote (NYSE: NOTE) has appointed Sara Buda as Vice President of Investor Relations, effective immediately. Buda brings over 20 years of experience in investor relations and corporate development, having previously led successful IR programs at Berkshire Grey (NASDAQ: BGRY) and Boston Properties (NYSE: BXP). In her new role, she will manage investor communications, corporate earnings processes, and international investor engagement. FiscalNote is preparing for participation in multiple upcoming investor conferences this week.
Boston Properties, Inc. (NYSE: BXP) announced the sale of 601 Massachusetts Avenue, NW, Washington, DC, for a gross price of $531 million and net proceeds of approximately $512 million. The 11-story office property, developed in 2015, is currently 98% leased. The sale was executed as part of a Section 1031 reverse like-kind exchange, allowing BXP to defer taxable gains. This transaction is significant in BXP's strategy to reallocate capital to the Seattle market, following the acquisition of Madison Centre for $730 million in May 2022.
Boston Properties, Inc. (BXP) reported a strong Q2 2022 performance, with revenue rising over 8% to $773.9 million, net income of $223.0 million ($1.42 EPS), and FFO of $304.6 million ($1.94 per share). Both EPS and FFO surpassed guidance midpoints. Approximately 1.9 million square feet of leases were executed, and BXP expanded its Seattle presence with the $730 million acquisition of Madison Centre. The company raised its full-year 2022 guidance for EPS to $5.40 - $5.45 and FFO to $7.48 - $7.53, amid strong leasing activity and ongoing development projects.
Boston Properties (NYSE: BXP), a leading developer and manager of Class A office properties in the U.S., will release its Q2 2022 financial results on July 26, 2022, after market close. Following this, a conference call will be held on July 27, 2022, at 10:00 A.M. ET to discuss the results and provide updates. BXP's portfolio consists of 53.1 million square feet across 201 properties as of March 31, 2022, which includes 11 properties under construction or redevelopment.
Boston Properties, Inc. (NYSE: BXP) announced a quarterly cash dividend of $0.98 per share for the period from April 1, 2022 to June 30, 2022. This dividend will be payable on July 29, 2022 to shareholders on record as of June 30, 2022. Boston Properties is the largest publicly traded developer and manager of Class A office properties in the U.S., with a portfolio totaling 53.1 million square feet across 201 properties, including properties under construction or redevelopment.
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Boston Properties (NYSE: BXP), the largest publicly traded developer and manager of Class A office properties in the U.S., announced participation in the Nareit REITweek Investor Conference from June 7-9, 2022 in New York City. Key executives, including Chairman & CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle, will present on June 8, 2022, at 9:30 AM ET. A live webcast will be available on BXP's website, and Q1 2022 Investor Materials will be posted prior to the conference.
Boston Properties (NYSE: BXP) has completed the acquisition of Madison Centre, a 37-story, approximately 760,000 square foot, LEED-Platinum certified Class A office property in Seattle, for about $730 million. This strategic acquisition enhances BXP's portfolio in the Seattle market, which they entered in 2021 with Safeco Plaza. Currently, Madison Centre is 93% leased and features top-notch amenities, including a fitness facility and rooftop deck, appealing to various office clients.
Barings and Schnitzer West have successfully completed the $730M sale of Seattle's Madison Centre to Boston Properties (NYSE: BXP), marking the largest multi-tenant office sale year-to-date in the U.S. The 37-story office tower, completed in September 2017, features 760,971 rentable square feet and is 93% leased. Madison Centre boasts advanced amenities, including health and wellness features, and has achieved LEED Platinum certification. The sale, brokered by Newmark, highlights the growing demand for high-quality office spaces as tenants adapt post-COVID.
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