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 (Boston Properties) is a leading real estate investment trust (REIT) focused on premier office spaces in major U.S. markets. This page aggregates official announcements, financial updates, and strategic developments for stakeholders tracking the company’s performance.
Access timely updates including quarterly earnings, property acquisitions, sustainability initiatives, and leadership changes. Our curated feed ensures you never miss critical information affecting BXP investment decisions or market positioning.
Key coverage areas include leasing activity in core markets like Boston and San Francisco, development project milestones, and industry trend analysis relevant to commercial real estate. All content is sourced directly from verified company communications.
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BXP (NYSE: BXP) announced the successful sale of The Avant at Reston Town Center for a gross price of $141 million, yielding net proceeds of approximately $138 million. The property, a 15-story luxury residential building with 359 units, was developed in 2013. The transaction is part of a reverse like-kind exchange allowing BXP to defer taxable gains. Besides the residential units, BXP retains ownership of the retail space within the property. This sale is part of a broader strategy involving the acquisition of Madison Centre in Seattle for $730 million.
Boston Properties, Inc. (NYSE: BXP) announced the sale of $750 million in 6.750% senior unsecured notes due 2027 at a yield of 6.763%. The offering, led by BofA Securities, J.P. Morgan, and others, is expected to close on November 17, 2022. Net proceeds of approximately $743.5 million will finance eligible green projects and repay debt. However, it is projected to decrease BXP’s net income by $0.02 per share for 2022 and $0.08 for 2023 due to increased interest expenses. This marks BPLP's fifth green bond issuance since 2018.
BXP (NYSE: BXP) reported strong Q3 2022 results, with a revenue increase of 8.3% to $790.5 million and a net income of $361.0 million or $2.29 per diluted share, outperforming guidance by $1.54 for EPS. Funds from Operations (FFO) reached $299.8 million or $1.91 per diluted share, exceeding guidance by $0.04. The company executed 1.4 million square feet of leases, including a significant life sciences lease in Cambridge, and expanded its portfolio with the acquisition of 125 Broadway for approximately $592.4 million.
View Boston, set to open in 2023 atop the Prudential Tower, will be a 59,000-square-foot observatory providing stunning 360° views of the city. Owned by BXP (NYSE: BXP), the venue will feature immersive exhibits allowing visitors to create customized itineraries based on interests, enhancing the Boston experience. The project aims to attract both business and leisure travelers, positioning itself as a premier destination in Boston's tourism landscape. BXP's partnership with the Greater Boston Convention & Visitors Bureau will promote the observatory as a must-visit location.
BXP (NYSE: BXP), a leading real estate investment trust, will announce its third quarter 2022 financial results on October 25, 2022, after NYSE trading. A conference call is scheduled for October 26, 2022, at 10:00 A.M. Eastern Time, to discuss the results and provide updates on BXP's operations. As of June 30, 2022, BXP managed a portfolio of 53.7 million square feet across 193 properties, including 12 under construction, solidifying its position in key US markets.
BXP has successfully acquired 125 Broadway, a 271,000 square foot lab property, from Biogen for approximately $592 million. Biogen will continue leasing the property until April 2028. This acquisition complements BXP's existing Kendall Center portfolio in Cambridge, MA, a hub for life sciences. Additionally, BXP has terminated a lease at 300 Binney Street to redevelop it into 240,000 square feet of lab space, securing a 15-year lease with a prominent life sciences firm, commencing post-renovation in late 2024.
BXP (NYSE: BXP), the largest publicly traded developer of Class A office properties in the U.S., has declared a quarterly cash dividend of $0.98 per share for the period from July 1, 2022 to September 30, 2022. The dividend is payable on October 31, 2022 to shareholders of record as of September 30, 2022. BXP's portfolio comprises 53.7 million square feet across 193 properties, with ongoing developments in six major markets, reflecting its strong position in the real estate sector.
BXP (NYSE: BXP) will hold an Investor Conference on September 20, 2022, in Boston, Massachusetts, from 8:00 am ET to 5:00 pm ET. The conference will feature discussions led by CEO Owen Thomas and other management members, focusing on current operating conditions, strategies, and business developments. Investors can access the live webcast by registering through a provided link, with a replay available post-conference. BXP is a leading real estate investment trust, managing over 53.7 million square feet across six major U.S. markets.
FiscalNote (NYSE: NOTE) has appointed Sara Buda as Vice President of Investor Relations, effective immediately. Buda brings over 20 years of experience in investor relations and corporate development, having previously led successful IR programs at Berkshire Grey (NASDAQ: BGRY) and Boston Properties (NYSE: BXP). In her new role, she will manage investor communications, corporate earnings processes, and international investor engagement. FiscalNote is preparing for participation in multiple upcoming investor conferences this week.
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