BXP, Inc. Stock Price, News & Analysis

BXP reported its Q4 and full year 2024 results, highlighting revenue growth of 3.6% to $858.6 million in Q4. The company experienced a net loss of $230 million ($1.45 per share) in Q4 2024, compared to net income of $119.9 million in Q4 2023, primarily due to non-cash impairment charges of $341.3 million.

Key operational highlights include executing 2.3 million square feet of leases in Q4 (83 leases) and 5.6 million square feet for full year 2024 (291 leases). The CBD portfolio maintained 90.9% occupancy and 92.8% leased status.

For 2025, BXP provided guidance with EPS of $1.57-$1.75 and FFO of $6.77-$6.95 per diluted share. The company completed significant transactions including the acquisition of 725 12th Street in Washington, DC for $34 million and strengthened its balance sheet through approximately $3.2 billion in debt market activities.

BXP (NYSE: BXP), the largest publicly traded developer and manager of premier workplaces in the United States, has announced the 2024 tax treatment of its distributions on common stock. The company declared quarterly distributions of $0.98 per share throughout 2024, totaling $4.90 annually.

Of the total distributions, approximately 88.29% represents taxable ordinary dividends, 0.788% qualified dividends, and 10.92% return of capital. The December 29, 2023 distribution was split between tax years, with $0.710486 allocable to 2024, while the December 31, 2024 distribution will be entirely allocable to 2025.

BXP's portfolio encompasses 53.3 million square feet across 185 properties in six gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.

BXP (NYSE: BXP) has secured a significant 20-year lease renewal and expansion with KnitWell Group at 7 Times Square in New York City. The agreement covers approximately 246,000 square feet, comprising the existing 191,000 square foot premises plus an additional 55,000 square feet across two full floors.

The 1.25 million square foot tower, located in Midtown Manhattan, has recently undergone amenities enhancement, adding conferencing facilities, client lounge, and café services. The property's strategic location offers convenient access to transportation, restaurants, and Bryant Park.

The lease negotiation was facilitated by a CBRE team. This transaction reinforces BXP's position as the largest publicly traded developer and manager of premier workplaces in the United States, with a portfolio spanning 53.0 million square feet across 184 properties in six major markets.

BXP has completed the acquisition of 725 12th Street in Washington, DC for $34 million. The company plans to demolish and redevelop the 300,000 square foot property into a 320,000 square foot premier workplace. McDermott Will & Emery has signed a lease for 150,000 square feet, occupying the top five floors of the future building.

The property is strategically located in DC's Central Business District, three blocks from the White House and near Metro Center Station. The building will feature private terraces and outdoor spaces, with expected delivery in late 2028. BXP is currently negotiating with another client for the majority of the remaining space.

BXP, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, has announced it will release its fourth quarter 2024 financial results on Tuesday, January 28, 2025, after NYSE trading closes.

The company will host a conference call and webcast on Wednesday, January 29, 2025, at 10:00 A.M. Eastern Time to discuss the financial results and provide a company update. Interested participants can register to receive dial-in numbers and a unique PIN to join the call and ask questions. A live audio-only webcast will be available in the Investors section of BXP's website, with a replay accessible for up to twelve months after the call.

BXP (NYSE: BXP), the largest publicly traded developer and manager of premier workplaces in the United States, has announced its regular quarterly cash dividend. The company will pay $0.98 per share for the period October 1, 2024 to December 31, 2024. The dividend is payable on January 30, 2025 to shareholders of record as of December 31, 2024.

BXP operates in six gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As of September 30, 2024, the company's portfolio comprises 184 properties totaling 53.0 million square feet, including nine properties under construction/redevelopment.

BXP reported Q3 2024 financial results with revenue increasing 4.2% to $859.2 million compared to Q3 2023. Net income was $83.6 million ($0.53 EPS), compared to a loss of $111.8 million in Q3 2023. The company executed 74 leases totaling over 1.1 million square feet with a 7.2-year weighted-average term. Total portfolio occupancy was 87.0% and 89.1% leased. BXP provided full year 2024 guidance with EPS of $2.05-$2.07 and FFO of $7.09-$7.11 per diluted share. The company completed an $850 million senior notes offering and modified its Santa Monica Business Park mortgage loan.

BXP, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, has announced its plans to release third quarter 2024 financial results on Tuesday, October 29, 2024, after the NYSE trading close. The company will host a conference call and webcast on Wednesday, October 30, 2024, at 10:00 A.M. Eastern Time to discuss the financial results and provide a company update.

Participants interested in joining the call and asking questions can register to receive dial-in numbers and a unique PIN. A live audio, listen-only webcast will also be available in the Investors section of BXP's website. A replay of the call will be accessible on the company's website for up to twelve months following the event.

BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, has declared a regular quarterly cash dividend of $0.98 per share of common stock. This dividend covers the period from July 1, 2024 to September 30, 2024, and will be payable on October 31, 2024 to shareholders of record as of the close of business on September 30, 2024.

BXP operates in six dynamic gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As of June 30, 2024, BXP's portfolio included 186 properties, totaling 53.5 million square feet, with ten properties under construction or redevelopment. The company is organized as a real estate investment trust (REIT) and has been delivering premier workplaces for over 50 years.