BXP, Inc. Stock Price, News & Analysis

Boston Properties, Inc. (BXP) reported a strong Q2 2022 performance, with revenue rising over 8% to $773.9 million, net income of $223.0 million ($1.42 EPS), and FFO of $304.6 million ($1.94 per share). Both EPS and FFO surpassed guidance midpoints. Approximately 1.9 million square feet of leases were executed, and BXP expanded its Seattle presence with the $730 million acquisition of Madison Centre. The company raised its full-year 2022 guidance for EPS to $5.40 - $5.45 and FFO to $7.48 - $7.53, amid strong leasing activity and ongoing development projects.

Boston Properties (NYSE: BXP), a leading developer and manager of Class A office properties in the U.S., will release its Q2 2022 financial results on July 26, 2022, after market close. Following this, a conference call will be held on July 27, 2022, at 10:00 A.M. ET to discuss the results and provide updates. BXP's portfolio consists of 53.1 million square feet across 201 properties as of March 31, 2022, which includes 11 properties under construction or redevelopment.

Boston Properties, Inc. (NYSE: BXP) announced a quarterly cash dividend of $0.98 per share for the period from April 1, 2022 to June 30, 2022. This dividend will be payable on July 29, 2022 to shareholders on record as of June 30, 2022. Boston Properties is the largest publicly traded developer and manager of Class A office properties in the U.S., with a portfolio totaling 53.1 million square feet across 201 properties, including properties under construction or redevelopment.

Boston Properties (NYSE: BXP), the largest publicly traded developer and manager of Class A office properties in the U.S., announced participation in the Nareit REITweek Investor Conference from June 7-9, 2022 in New York City. Key executives, including Chairman & CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle, will present on June 8, 2022, at 9:30 AM ET. A live webcast will be available on BXP's website, and Q1 2022 Investor Materials will be posted prior to the conference.

Boston Properties (NYSE: BXP) has completed the acquisition of Madison Centre, a 37-story, approximately 760,000 square foot, LEED-Platinum certified Class A office property in Seattle, for about $730 million. This strategic acquisition enhances BXP's portfolio in the Seattle market, which they entered in 2021 with Safeco Plaza. Currently, Madison Centre is 93% leased and features top-notch amenities, including a fitness facility and rooftop deck, appealing to various office clients.

Barings and Schnitzer West have successfully completed the $730M sale of Seattle's Madison Centre to Boston Properties (NYSE: BXP), marking the largest multi-tenant office sale year-to-date in the U.S. The 37-story office tower, completed in September 2017, features 760,971 rentable square feet and is 93% leased. Madison Centre boasts advanced amenities, including health and wellness features, and has achieved LEED Platinum certification. The sale, brokered by Newmark, highlights the growing demand for high-quality office spaces as tenants adapt post-COVID.

Boston Properties, Inc. (NYSE: BXP) reported strong Q1 2022 results, exceeding EPS and FFO guidance. Revenue surged 6% to $754.3 million, with net income of $143 million ($0.91 per share) and FFO of $286.1 million ($1.82 per share). The company executed approximately 1.2 million square feet of leases, double the volume from Q1 2021, and agreed to acquire Madison Centre in Seattle for $730 million. BXP's Q2 2022 guidance projects EPS of $0.79 - $0.81 and FFO of $1.84 - $1.86. Additionally, BXP received recognition as one of Barron’s 10 Most Sustainable REITs.