BXP, Inc.

BXP, Inc.

BXP · NYSE · Real Estate / REIT - Office

63.78USD+0.89 (+1.42%)

Price History

Full chart

Market Stats

Previous Close62.89
Open63.31
Day Range62.82 – 63.85
52-Week Range48.54 – 74.94
Volume781.50K
Market Cap11.26B
P/E (TTM)33.48
Forward P/E27.32
EPS1.86
Dividend Yield4.49%
Beta1.03
50-Day Avg67.64
200-Day Avg63.13

About

BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. It is concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2026, including properties owned by joint ventures, BXP's portfolio totals 51.1 million square feet and 164 properties, including six properties under construction/redevelopment. BXP's portfolio consists of 143 office properties, 13 retail properties, seven residential properties (including four residential properties under construction) and one hotel. BXP is well known for its in-house building management expertise and responsiveness to clients' needs. BXP holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban office centers and build-to-suit projects for a diverse array of creditworthy clients. BXP actively works to promote its growth and operations in a sustainable and responsible manner. BXP, Inc. was incorporated in 1970 in Delaware and is based in Massachusetts, Boston.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Owen David Thomas
  • Employees826
  • HeadquartersPrudential Center, 800 Boylston Street, Boston, MA, United States, 02199-8103, USA
  • Websitehttps://www.bxp.com

Leadership

  • Mr. Owen David ThomasCEO & Chairman of the Board · b. 1962
  • Mr. Douglas T. LindePresident & Director · b. 1964
  • Mr. Michael E. LaBelleExecutive VP, Treasurer & CFO · b. 1964
  • Mr. Bryan J. KoopExecutive Vice President of Boston Region · b. 1959
  • Ms. Hilary J. SpannExecutive Vice President of New York Region · b. 1976
  • Mr. Mortimer B. ZuckermanCo-Founder & Chairman Emeritus · b. 1938
  • Mr. Michael R. WalshSenior VP & Chief Accounting Officer · b. 1967
  • Mr. Colin JoyntSenior VP & Chief Information Officer
  • Ms. Helen HanVice President of Investor Relations
  • Mr. Eric G. KevorkianSenior VP, Chief Legal Officer & Secretary · b. 1972

Financials

Income Statement

Currency: USD1997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue275.46M513.85M786.56M879.35M1.03B1.23B1.31B1.40B1.44B1.48B1.48B1.49B1.52B1.55B1.76B1.88B2.14B2.40B2.49B2.55B2.60B2.72B2.96B2.77B2.89B3.11B3.27B3.41B3.48B
Growth (%)-+86.54%+53.07%+11.80%+17.47%+19.54%+6.06%+6.94%+2.65%+2.78%+0.32%+0.41%+2.27%+1.88%+13.46%+6.63%+13.82%+12.24%+3.91%+2.41%+2.01%+4.42%+8.96%-6.58%+4.45%+7.61%+5.31%+4.10%+2.19%
Cost of Revenue89.58M150.49M249.27M264.70M312.29M416.58M452.89M474.75M490.02M497.35M483.61M515.54M525.76M526.85M620.11M685.48M771.40M864.53M904.34M921.23M962.04M1.02B1.08B1.03B1.03B1.14B1.22B1.32B1.37B
Gross Profit185.88M363.36M537.30M614.65M720.68M818.25M856.74M925.72M947.61M980.23M998.68M972.86M996.48M1.02B1.14B1.19B1.36B1.53B1.59B1.63B1.64B1.69B1.88B1.74B1.85B1.97B2.06B2.09B2.11B
Gross Margin67.48%70.71%68.31%69.90%69.77%66.26%65.42%66.10%65.91%66.34%67.37%65.36%65.46%66.03%64.76%63.47%63.88%63.93%63.69%63.88%63.03%62.36%63.38%62.75%64.20%63.47%62.85%61.20%60.56%
Operating Expense142.17M222.78M354.92M385.87M418.36M521.33M557.38M618.32M643.29M666.54M645.22M648.48M719.96M413.44M520.78M539.10M686.02M730.65M737.12M805.68M731.93M780.79M828.93M828.49M881.40M911.60M1.02B1.06B168.79M
Operating Income43.72M140.57M182.37M228.78M302.32M296.92M299.36M307.40M304.32M313.70M353.47M324.38M276.52M610.51M618.64M651.68M678.12M801.82M849.37M823.91M908.11M913.68M1.05B906.85M973.08M1.06B1.04B1.02B1.94B
Operating Margin15.87%27.36%23.19%26.02%29.27%24.05%22.86%21.95%21.17%21.23%23.85%21.79%18.17%39.37%35.16%34.73%31.75%33.45%34.10%32.30%34.90%33.63%35.39%32.79%33.69%34.15%31.73%29.99%55.71%
EBITDA174.08M340.85M507.84M797.91M1.46B1.76B754.65M553.72M864.03M323.98M931.75M1.08B596.18M948.88M1.06B1.14B1.33B1.43B1.49B1.52B1.53B2.03B1.74B2.14B1.78B2.21B1.70B1.62B1.94B
EBITDA Margin63.20%66.33%64.56%90.74%141.43%142.76%57.62%39.54%60.10%21.93%62.86%72.52%39.16%61.19%60.12%60.65%62.38%59.67%59.78%59.60%58.63%74.88%58.94%77.25%61.49%71.09%52.05%47.50%55.67%
Net Income39.76M93.11M119.78M153.00M208.03M444.38M365.32M284.02M438.29M873.63M1.32B125.23M231.01M159.07M272.68M289.65M749.81M443.61M583.11M511.10M462.44M582.85M521.53M872.73M505.19M848.95M190.22M14.27M276.80M
Net Income Margin14.43%18.12%15.23%17.40%20.14%35.99%27.90%20.28%30.49%59.13%89.37%8.41%15.18%10.26%15.50%15.44%35.11%18.51%23.41%20.04%17.77%21.45%17.62%31.56%17.49%27.31%5.81%0.42%7.95%
R&D------------00000000.220.220.260.220.350.220.330.09--
R&D as % of Total Revenue------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense0000000000285.89M271.97M322.83M378.08M394.13M413.56M446.88M455.74M432.20M412.85M374.48M378.17M412.72M431.72M423.35M437.14M572.87M645.12M647.66M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%19.29%18.27%21.21%24.38%22.40%22.04%20.93%19.01%17.35%16.18%14.39%13.92%13.94%15.61%14.66%14.06%17.50%18.93%18.60%

Balance Sheet

Currency: USD1997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.67B5.24B5.43B6.23B7.25B8.43B8.55B9.06B8.90B9.70B11.19B10.91B12.35B13.35B14.78B15.46B20.16B19.89B18.38B18.85B19.37B20.26B21.28B22.86B22.37B24.21B26.03B26.08B26.17B
Total Liabilities1.40B3.21B3.60B3.70B4.65B5.42B5.32B5.34B5.25B5.85B6.87B7.38B7.28B8.38B9.37B9.83B13.12B11.98B10.49B10.92B11.27B12.04B13.27B14.51B14.32B15.84B17.83B18.14B18.48B
Total Equity175.05M948.48M1.06B1.65B1.75B2.16B2.40B2.94B2.92B3.22B3.67B3.53B4.45B4.37B4.87B5.10B5.74B7.90B7.89B7.93B5.81B5.88B5.68B8.35B5.84B8.37B5.89B5.41B5.15B
Cash17.56M12.17M12.04M280.96M98.07M55.27M22.69M239.34M261.50M725.79M1.51B241.51M1.45B478.95M1.82B1.04B2.37B1.76B723.72M356.91M434.77M543.36M644.95M1.67B452.69M690.33M1.53B1.25B1.48B
Total Debt1.33B3.09B3.32B3.41B4.31B5.04B5.00B5.01B4.83B4.15B4.20B6.27B6.72B7.79B8.70B8.91B11.52B10.09B18.42B10.10B10.27B11.01B12.24B13.91B13.35B28.45B16.62B17.32B17.36B
Net Debt1.31B3.08B3.31B3.13B4.22B4.99B4.98B4.77B4.56B3.43B2.69B6.03B5.27B7.31B6.88B7.87B9.16B8.32B8.49B9.44B9.84B10.46B11.59B11.82B12.89B14.00B15.09B16.07B15.88B

Cash Flow

Currency: USD1997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow59.07M215.29M303.37M339.66M419.40M437.38M488.27M429.51M472.25M527.98M629.38M560.91M617.38M375.89M606.33M642.95M777.93M695.55M799.41M1.04B907.45M1.15B1.18B1.16B1.13B1.28B1.30B1.23B1.25B
Investing Cash Flow-552.59M-2.18B-657.73M-573.36M-1.30B-1.02B97.50M-171.01M356.61M229.76M576.93M-1.32B-446.60M-1.16B-90.10M-1.28B-532.64M-665.12M-280.23M-1.33B-897.81M-1.05B-1.02B-613.72M-1.04B-1.60B-1.19B-1.24B-603.86M
Financing Cash Flow512.59M1.96B354.23M502.62M701.33M537.11M-618.36M-41.83M-806.70M-293.44M-425.18M-510.64M1.04B-184.60M828.03M-146.15M1.08B-632.49M-1.56B-74.62M55.35M35.75M-113.38M484.32M-1.31B556.06M767.92M-274.48M-419.23M
Capital Expenditure554.61M1.70B663.84M604.16M1.32B1.43B422.27M277.68M394.76M642.02M1.13B575.97M442.84M860.52M446.00M1.27B848.90M612.78M404.16M812.43M427.81M399.81M432.39M2.55M13.61M398.09M482.35M447.98M555.50M
Free Cash Flow-495.54M-1.48B-360.48M-264.50M-903.16M-994.92M66.00M151.82M77.49M-114.05M-503.22M-15.07M174.53M-484.63M160.33M642.95M777.93M695.55M799.41M224.44M479.63M750.44M748.78M1.15B1.12B884.31M819.17M786.52M689.66M
Dividends Paid17.03M127.31M181.49M209.72M276.54M297.33M313.81M342.81M702.99M391.61M1.14B1.24B357.33M328.05M332.60M372.90M451.12M840.26M1.23B671.63M526.58M587.63M666.29M688.90M683.75M685.02M687.81M689.87M643.11M
FCF to OCF-838.92%-688.46%-118.83%-77.87%-215.34%-227.47%13.52%35.35%16.41%-21.60%-79.95%-2.69%28.27%-128.93%26.44%100.00%100.00%100.00%100.00%21.65%52.86%65.24%63.39%99.78%98.80%68.96%62.94%63.71%55.39%
Dividend Paid to FCF-3.44%-8.59%-50.35%-79.29%-30.62%-29.88%475.46%225.80%907.18%-343.38%-227.23%-8202.36%204.73%-67.69%207.44%58.00%57.99%120.81%153.39%299.25%109.79%78.30%88.98%59.68%61.07%77.46%83.96%87.71%93.25%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999Apr 25, 2000Jul 25, 2000Oct 16, 2000Jan 23, 2001Apr 24, 2001Jul 18, 2001Oct 23, 2001Jan 22, 2002Apr 23, 2002Jul 23, 2002Oct 23, 2002Jan 22, 2003Apr 22, 2003Jul 22, 2003Oct 21, 2003Jan 27, 2004Apr 27, 2004Jul 20, 2004Oct 26, 2004Jan 25, 2005Apr 26, 2005Jul 26, 2005Oct 25, 2005Jan 30, 2006Apr 25, 2006Jul 26, 2006Oct 24, 2006Jan 30, 2007Apr 24, 2007Jul 24, 2007Oct 24, 2007Jan 29, 2008Apr 29, 2008Jul 22, 2008Oct 28, 2008Jan 28, 2009Apr 29, 2009Jul 21, 2009Oct 27, 2009Jan 26, 2010Apr 27, 2010Jul 27, 2010Oct 26, 2010Jan 25, 2011May 2, 2011Aug 1, 2011Oct 25, 2011Jan 31, 2012May 1, 2012Aug 6, 2012Oct 23, 2012Jan 29, 2013Apr 30, 2013Jul 30, 2013Oct 29, 2013Jan 28, 2014Apr 29, 2014Jul 29, 2014Oct 28, 2014Jan 29, 2015Apr 27, 2015Jul 29, 2015Oct 29, 2015Feb 3, 2016Apr 26, 2016Jul 26, 2016Oct 25, 2016Jan 31, 2017Apr 25, 2017Aug 1, 2017Nov 1, 2017Jan 30, 2018Apr 24, 2018Jul 31, 2018Oct 30, 2018Jan 29, 2019Apr 30, 2019Jul 30, 2019Oct 29, 2019Jan 28, 2020Apr 28, 2020Jul 28, 2020Oct 27, 2020Jan 26, 2021Apr 27, 2021Jul 27, 2021Oct 26, 2021Jan 25, 2022May 2, 2022Jul 26, 2022Oct 25, 2022Jan 31, 2023Apr 25, 2023Aug 1, 2023Nov 1, 2023Jan 30, 2024Apr 30, 2024Jul 30, 2024Oct 29, 2024Jan 28, 2025Apr 29, 2025Jul 29, 2025Oct 28, 2025Jan 27, 2026Apr 28, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate--------0.750.640.490.500.520.530.540.560.560.59--0.580.590.560.520.500.780.580.560.530.540.740.750.500.550.650.620.510.670.640.680.720.650.620.630.540.520.360.360.320.270.310.260.390.350.400.350.290.440.270.460.340.400.120.340.330.450.530.380.350.520.500.550.660.490.630.480.500.800.710.660.680.560.720.750.680.750.750.900.810.520.530.580.560.580.620.500.650.780.730.640.480.590.630.620.470.450.480.440.330.420.390.510.281.711.80
EPS Actual0.360.480.400.270.390.410.400.500.450.500.500.520.520.510.450.580.530.590.742.700.600.640.580.610.550.800.580.550.540.460.590.610.540.650.910.600.600.740.610.630.730.660.400.650.370.480.470.420.390.490.420.500.290.410.480.700.330.540.420.430.270.420.420.400.350.500.560.390.490.52-0.101.040.790.630.430.560.630.750.740.760.580.720.720.760.791.050.880.920.830.740.580.620.590.710.690.720.780.840.640.340.480.65-0.710.570.440.500.510.710.400.56-0.360.680.551.78-
Surprise---------40.00%-21.88%2.04%4.00%0.00%-3.77%-16.67%3.57%-5.36%0.00%--3.45%8.47%3.57%17.31%10.00%2.56%0.00%-1.79%1.89%-14.81%-20.27%-18.67%8.00%18.18%40.00%-3.23%17.65%10.45%-4.69%-7.35%1.39%1.54%-35.48%3.17%-31.48%-7.69%30.56%16.67%21.88%81.48%35.48%92.31%-25.64%17.14%20.00%100.00%13.79%22.73%55.56%-6.52%-20.59%5.00%250.00%17.65%6.06%11.11%5.66%2.63%40.00%0.00%-120.00%89.09%19.70%28.57%-31.75%16.67%26.00%-6.25%4.23%15.15%-14.71%28.57%0.00%1.33%16.18%40.00%17.33%2.22%2.47%42.31%9.43%6.90%5.36%22.41%11.29%44.00%20.00%7.69%-12.33%-46.88%0.00%10.17%-212.70%-8.06%-6.38%11.11%6.25%61.36%21.21%33.33%-192.31%33.33%96.43%4.09%-
Timing--------After-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap11.26B
Enterprise Value25.82B
Trailing P/E33.48
Forward P/E27.32
PEG Ratio2.32
Price / Sales3.53
Price / Book1.93
EPS1.86
Book Value32.32
Revenue (TTM)3.19B
Gross Profit (TTM)1.80B
EBITDA1.62B
Profit Margin9.30%
Operating Margin28.76%
Return on Equity5.31%
Return on Assets1.68%
Shares Outstanding159.66M
Shares Float158.23M
Beta1.03
Dividend Yield4.49%
Dividend Rate2.80
Payout Ratio105.66%

Analyst Ratings

Buy
Based on 22 analystsTarget 76.35
  • Strong Buy
    6
  • Buy
    3
  • Hold
    11
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
113.33%
Insiders
0.38%
Retail / Other
0.00%

Top Institutional Holders

  • Cohen & Steers Inc
    22.78M14.27%
  • Arnhold & S. Bleichroeder Advisers, LLC
    18.93M11.86%
  • BlackRock Inc
    16.46M10.31%
  • Vanguard Portfolio Management, LLC
    12.82M8.03%
  • Vanguard Capital Management, LLC
    9.97M6.24%
  • State Street Corp
    9.89M6.19%
  • Apg Investments Us Inc
    7.23M4.53%
  • NORGES BANK
    6.48M4.06%
  • Amvescap Plc.
    6.26M3.92%
  • Daiwa Securities Group Inc
    4.32M2.71%
  • Geode Capital Management, LLC
    4.31M2.70%
  • JPMorgan Chase & Co
    4.21M2.64%

Top Fund Holders

  • First Eagle Global A
    6.57M4.11%
  • Vanguard Real Estate Index Investor
    5.62M3.52%
  • Vanguard MStar Total Stk Mkt Idx Invest
    5.07M3.17%
  • Vanguard 500 Index Investor
    3.94M2.47%
  • Cohen & Steers Real Estate Securities A
    3.68M2.31%
  • Vanguard Small Cap Index
    3.67M2.30%
  • Cohen & Steers Instl Realty Shares
    3.33M2.09%
  • Cohen & Steers Realty Shares L
    3.04M1.90%

Dividends

20262×
0.70Jun 30, 20260.70Mar 31, 2026
20254×
0.70Dec 31, 20250.70Sep 30, 20250.98Jun 30, 20250.98Mar 31, 2025
20244×
0.98Dec 31, 20240.98Sep 30, 20240.98Jun 28, 20240.98Mar 27, 2024
20234×
0.98Dec 28, 20230.98Sep 28, 20230.98Jun 29, 20230.98Mar 30, 2023
20224×
0.98Dec 29, 20220.98Sep 29, 20220.98Jun 29, 20220.98Mar 30, 2022
20214×
0.98Dec 30, 20210.98Sep 29, 20210.98Jun 29, 20210.98Mar 30, 2021
20202×
0.98Dec 30, 20200.98Sep 29, 2020