BXP, Inc. Stock Price, News & Analysis

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.

Boston Properties, Inc. (NYSE: BXP) has signed a seven-year lease for 75,000 square feet with Imprivata, a notable digital identity company, at its recently developed 20 CityPoint in Waltham, Massachusetts. This lease completion brings the office space at 20 CityPoint to 100% occupancy. Imprivata plans to relocate its headquarters, emphasizing the site's modern design and amenities as pivotal for their workforce. The property features shared facilities, a café, and a daycare center, enhancing its appeal for employee retention and talent recruitment.

Boston Properties (NYSE: BXP), the largest publicly-traded developer, owner, and manager of Class A office properties in the U.S., will release its financial results for Q1 2021 on April 27, 2021, after trading hours. A conference call to discuss these results is scheduled for April 28, 2021, at 10:00 A.M. ET. Investors can join the call by dialing (877) 796-3880 (Domestic) or (443) 961-9013 (International) with the passcode 8878526. BXP's portfolio comprises 51.2 million square feet across 196 properties, including six under construction.

Boston Properties (NYSE: BXP) has declared a quarterly cash dividend of $0.98 per share for the period January 1 to March 31, 2021. This dividend will be payable on April 30, 2021, to shareholders of record by March 31, 2021. As the largest publicly traded developer and owner of Class A office properties in the U.S., Boston Properties operates in key markets, including Boston, Los Angeles, New York, San Francisco, and Washington, D.C., managing a portfolio of 51.2 million square feet across 196 properties.

Boston Properties (NYSE: BXP), the largest publicly-traded developer and owner of Class A office properties in the U.S., will participate in the Citi 2021 Global Property CEO Conference from March 8-11, 2021. Key events include a keynote discussion on March 8 with Co-CEO of Gensler and CEO Owen Thomas at 12:15 pm ET, and a roundtable with executives on March 9 at 8:15 am ET. The company, which has a portfolio of 51.2 million square feet across major U.S. markets, invites investors to access presentation materials and webcasts via their investor relations website.

Boston Properties (NYSE: BXP) announced that its operating partnership, BPLP, will issue $850 million in 2.550% senior unsecured notes due 2032. The offering, priced at 99.570% of principal, is set to close on March 16, 2021. Proceeds, estimated at $839.2 million, will finance eligible green projects in the U.S. Additionally, BPLP will redeem all outstanding Series B Cumulative Redeemable Preferred Stock, effective April 1, 2021, at a price of approximately $25.1641 per share. The company emphasizes its commitment to sustainability with multiple green bond offerings and high LEED certification levels.

Boston Properties (NYSE: BXP) has announced that Peter Otteni and Jake Stroman will take over as Co-Heads of the Washington, DC office, effective May 15, 2021, succeeding Peter Johnston, who is retiring after over 33 years with the company. Otteni, with extensive development experience, and Stroman, a seasoned leasing expert, will continue to lead their respective departments while also overseeing regional operations. The leadership transition aims to ensure continued growth and stability in BXP's operations in Washington, DC.