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, Inc. (NYSE:BXP) will release its financial results for the fourth quarter and full year 2020 on January 26, 2021, after market close. A conference call to discuss these results and provide an update will be held on January 27, 2021, at 10:00 AM ET. Boston Properties, a leader in Class A office properties, boasts a portfolio of 51.2 million square feet across 196 properties, with a presence in major markets such as Boston, Los Angeles, New York, San Francisco, and Washington, DC.
Boston Properties, Inc. (NYSE: BXP) has declared a quarterly cash dividend of $0.98 per share for the period from October 1, 2020 to December 31, 2020, payable on January 28, 2021. Additionally, the Board announced a cash dividend of $0.328125 per depositary share for the 5.25% Series B Cumulative Redeemable Preferred Stock, payable on February 16, 2021. Shareholders of record for the common stock will be noted as of December 31, 2020, and for preferred stock as of February 5, 2021.
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Boston Properties (NYSE: BXP) announced the installation of a 5.2 megawatt solar photovoltaic system at Carnegie Center, Princeton. In partnership with Ameresco and Greenbacker, this 13,000-panel system will supply at least 75% of the annual energy needs for four buildings totaling 554,000 square feet. The installation is expected to generate 6.6 million kilowatt-hours annually, reducing greenhouse gas emissions by 4,600 metric tons. BXP's sustainability efforts have earned various recognitions, highlighting their commitment to environmentally responsible operations.
Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer and manager of Class A office properties in the U.S., announced a 138,000 square-foot, 10-year lease with Translate Bio at 200 West Street, Waltham, MA. This property is undergoing redevelopment into lab space, set for completion in 2021, and is now fully leased. The facility will include modern lab spaces and amenities, fostering an environment for biotech innovation. BXP Life Sciences has a portfolio of 3.3 million square feet dedicated to life sciences, reflecting its strong commitment to this growing sector.
Boston Properties, Inc. (NYSE:BXP) announced that Volkswagen Group of America has signed a 20-year lease for 196,000 square feet at their new development in Reston Town Center, Virginia. This agreement marks the project as 85% pre-leased. Reston Town Center is set to expand by 4.4 million square feet, including office space, retail, and residential areas. The area is becoming a desirable location for companies to attract top talent, with plans supported by efficient workspace designs.
Boston Properties, Inc. (BXP) reported third-quarter financial results for 2020, showing a net income of $89.9 million, or $0.58 per diluted share, down from $107.8 million, or $0.70 per share in 2019. Funds from Operations (FFO) were $244.0 million, or $1.57 per share, a decline from $253.6 million, or $1.64 per share a year ago. Noteworthy achievements include leasing 811,000 square feet and achieving 99% rent collection from office tenants. The company also completed significant developments and acquisitions, solidifying its footprint in key markets.
Boston Properties, Inc. (NYSE: BXP), the leading developer and manager of Class A office properties in the U.S., will release its third-quarter financial results on October 27, 2020, after market close. A conference call is scheduled for October 28, 2020, at 10:00 A.M. ET to discuss these results and provide company updates. Investors can access the call via phone or through a live webcast available on the Company's Investor Relations website. BXP manages a portfolio of 51.2 million square feet across five major U.S. markets, including Boston and New York.