Welcome to our dedicated page for Boston Properties news (Ticker: $BXP), a resource for investors and traders seeking the latest updates and insights on Boston Properties stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Boston Properties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Boston Properties's position in the market.
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Boston Properties (BXP) to Release Q4 and Full Year 2023 Financial Results
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End-of-Day
1.04%
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Boston Properties, Inc. (NYSE: BXP) declared a regular quarterly cash dividend of $0.98 per share of common stock for the period October 1, 2023 to December 31, 2023, payable on January 30, 2024 to shareholders of record as of the close of business on December 29, 2023. BXP is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As of September 30, 2023, including properties owned by unconsolidated joint ventures, BXP’s portfolio totals 53.5 million square feet and 190 properties, including 11 properties under construction/redevelopment.
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Rhea-AI Sentiment
End-of-Day
1.56%
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BXP (NYSE: BXP) announced a $746.4 million investment by Norges Bank Investment Management to form joint ventures to own two properties totaling approximately 810,000 square feet in Kendall Square, Cambridge, Massachusetts. Norges Bank Investment Management will acquire a 45% interest in the properties at a gross valuation of approximately $1.66 billion. The properties are 100% pre-leased, and BXP will retain a 55% interest in the joint ventures. NBIM's investment will reduce BXP's share of estimated future development spend over time by approximately $533.5 million. This investment strengthens the partnership between BXP and NBIM in the life sciences sector, demonstrating the value placed by investors on well-located, well-leased premier workplaces with strong stewardship.
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Rhea-AI Sentiment
End-of-Day
10.7%
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BXP reported Q3 2023 financial results with revenue of $824.3 million, a 4.3% increase YoY. Net income was $(111.8) million compared to $361.0 million in Q3 2022. BXP executed leases for 1.06 million square feet, delivered two development projects, and strengthened its balance sheet through debt maturities and additional liquidity. BXP also achieved a top ESG rating in the 2023 GRESB assessment.
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Rhea-AI Sentiment
End-of-Day
4.37%
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BXP earns top ESG ratings in 2023 GRESB assessment
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End-of-Day
2.47%
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BXP has increased its borrowing capacity by $315.0 million, reaching a maximum of $1.815 billion, with no outstanding balances. The expansion shows BXP's strong financial position and the support of its banking relationships. This provides enhanced liquidity and financial flexibility for BXP as it continues to lead the market and create value for clients and shareholders.
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Rhea-AI Sentiment
End-of-Day
-3.4%
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BXP to release Q3 financial results on Nov 1, 2023. Conference call and webcast on Nov 2, 2023 at 10:00 A.M. ET. Replay available on website for up to 12 months.
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End-of-Day
-0.94%
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Enel North America to sell 21 MW of solar power to BXP from Estonian solar project in Texas
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End-of-Day
0.02%
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Boston Properties, Inc. declares quarterly cash dividend of $0.98 per share of common stock for July 1, 2023 to September 30, 2023 period.
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Rhea-AI Sentiment
End-of-Day
-1.18%
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BXP executives to present at investor conferences on September 11-13, 2023
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Rhea-AI Sentiment
End-of-Day
-0.79%
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Boston Properties, Inc.
NYSE:BXP
BXP Rankings
BXP Stock Data
9.55B
156.14M
0.21%
100.78%
5.14%
Other Financial Vehicles
Finance and Insurance
United States of America
BOSTON
About BXP
boston properties, inc. (the "company"), a self-administered and self-managed real estate investment trust (reit), is one of the largest owners, managers, and developers of first-class office properties in the united states, with a significant presence in four markets: boston, new york, san francisco, and washington, dc. the company was founded in 1970 by mortimer b. zuckerman and edward h. linde in boston, where it maintains its headquarters. boston properties became a public company in june 1997. the company acquires, develops, and manages its properties through full-service regional offices. its property portfolio is comprised primarily of first-class office space, one hotel, two residential properties and five retail properties. boston properties is well-known for its in-house building management expertise and responsiveness to tenants' needs. the company holds a superior track record in developing premium central business district (cbd) office buildings, suburban office centers