BXP, Inc. Stock Price, News & Analysis

Boston Properties (NYSE: BXP) announced Hilary Spann as the new Head of its New York office, effective January 1, 2022, succeeding John Powers, who is retiring after over eight years. Hilary Spann joins as Executive Vice President in September 2021, bringing over 20 years of real estate investment and development experience. Previously, she was Managing Director at CPP Investments, leading real estate strategies. Her extensive background includes completing 27 transactions worth $12 billion in Manhattan while at J.P. Morgan Asset Management.

Boston Properties (NYSE: BXP) has announced a quarterly cash dividend of $0.98 per share for the period from April 1, 2021, to June 30, 2021. This dividend will be payable on July 30, 2021, to shareholders of record by the close of business on June 30, 2021. Boston Properties is recognized as the largest publicly traded developer and owner of Class A office properties in the U.S., with a portfolio totaling 51.6 million square feet across 196 properties, including nine currently under construction or redevelopment.

Boston Properties (NYSE: BXP) has signed a significant 351,000 square-foot lease with a major entertainment company at its Colorado Center office campus in Los Angeles. The seven-year lease solidifies the tenant's expansion and commitment to a facility designed to foster innovation and creativity. Colorado Center, spanning 15 acres, offers modern amenities including outdoor collaborative spaces and fitness facilities. Boston Properties, the largest publicly traded office property company in the U.S., operates a diverse portfolio of 51.6 million square feet across key markets.

Boston Properties (NYSE: BXP) has acquired two lab properties at 153 & 211 Second Avenue in Waltham, Massachusetts for $100 million. The buildings, totaling 153,000 square feet, are fully leased to a leading pharmaceutical company and strategically located near BXP’s existing properties, enhancing their life sciences portfolio. This acquisition boosts BXP’s lab and office space in the Waltham/Lexington region to 4.9 million square feet, aligning with the growing demand in the biotech sector.

Boston Properties (NYSE: BXP) has signed a 140,000 square-foot expansion lease with a technology company at 3100 Ocean Park Blvd., within its Santa Monica Business Park. This creative campus spans 1.2 million square feet and is notable for attracting high-profile tech and entertainment firms, establishing itself as a leading workplace in West Los Angeles. The lease highlights the allure of the West Los Angeles submarket for creative talent, enhancing Boston Properties' portfolio of 51.6 million square feet across major U.S. markets.

Boston Properties (NYSE: BXP) has signed a 12-year lease for 98,000 square feet with Boston Consulting Group at Metropolitan Square, Washington, DC. BCG is relocating from Bethesda, MD, to accommodate growth in the DC metro area.

The $60 million renovation of Met Square, completed in 2020, includes modern amenities and collaborative spaces, enhancing the building's appeal. This lease reflects the strong demand for quality office spaces post-renovation, reinforcing BXP's position in the market.

Boston Properties, Inc. (NYSE: BXP) has announced a new 10-year lease with Roku, Inc. for 72,000 square feet at their Colorado Center office campus in Santa Monica, California. This deal highlights ongoing demand for high-quality Class A office space among leading tech firms. The Colorado Center spans 15 acres and is ideally located within Santa Monica's Media and Entertainment District, offering extensive amenities. Roku aims to enhance team collaboration and innovation with this new space.

Boston Properties (NYSE: BXP) reported a first-quarter net income of $91.6 million, or $0.59 EPS, down from $497.5 million, or $3.20 EPS, a year prior due to a significant asset sale gain last year. Funds from Operations (FFO) were $243.8 million, or $1.56 per diluted share, compared to $284.1 million, or $1.83 per share in Q1 2020. The company signed 592,000 square feet of leases, including notable agreements with Roku and a healthcare company. Guidance for Q2 2021 indicates EPS between $0.54 and $0.56 and FFO of $1.59 to $1.61 per share.