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. (NYSE: BXP) is a fully integrated real estate investment trust that describes itself as the largest publicly traded developer, owner, and manager of premier workplaces in the United States. Its news flow reflects activity across six gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC, as well as capital markets and corporate developments.
On this page, readers can review news items that BXP has released about its business, including leasing milestones, development progress, asset sales, financing transactions, and dividend declarations. Recent announcements have highlighted strong leasing momentum measured in millions of square feet, long-term leases in Midtown Manhattan, and the commencement or delivery of major projects such as 343 Madison Avenue and other premier workplace developments in Boston, Reston, and New York.
BXP’s news also covers its multi‑year strategic asset sales plan, under which it reports completing sales of suburban land parcels, residential properties, and non‑core office and life sciences assets with aggregate net proceeds exceeding $1.0 billion. In addition, the company issues updates on capital structure decisions, such as exchangeable senior notes offerings and Green Bond mortgage financing secured by The Hub on Causeway podium and office tower in Boston.
Investors and observers can use this news feed to follow how BXP describes its leasing performance, portfolio optimization, financing activities, and dividend actions over time. Because these items are drawn from official company announcements, they provide direct insight into management’s views on its premier workplace portfolio and strategic priorities in its core gateway 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.
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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.
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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.