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BXP Announces 2024 Tax Treatment of Its Distributions

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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), il maggiore sviluppatore e gestore pubblico di ambienti di lavoro di alta qualità negli Stati Uniti, ha annunciato il trattamento fiscale per il 2024 riguardante le sue distribuzioni sulle azioni ordinarie. L'azienda ha dichiarato distribuzioni trimestrali di $0.98 per azione per tutto il 2024, per un totale annuale di $4.90.

Di queste distribuzioni totali, circa l'88.29% rappresenta dividendi ordinari tassabili, lo 0.788% dividendi qualificati e il 10.92% ritorno di capitale. La distribuzione del 29 dicembre 2023 è stata suddivisa tra gli anni fiscali, con $0.710486 allocabili al 2024, mentre la distribuzione del 31 dicembre 2024 sarà totalmente allocabile al 2025.

Il portafoglio di BXP include 53,3 milioni di piedi quadrati distribuiti su 185 proprietà in sei mercati chiave: Boston, Los Angeles, New York, San Francisco, Seattle e Washington, DC.

BXP (NYSE: BXP), el mayor desarrollador y gestor público de espacios de trabajo de primer nivel en los Estados Unidos, ha anunciado el tratamiento fiscal de sus distribuciones sobre acciones comunes para 2024. La compañía declaró distribuciones trimestrales de $0.98 por acción a lo largo de 2024, totalizando $4.90 anualmente.

Del total de las distribuciones, aproximadamente el 88.29% representa dividendos ordinarios imponibles, el 0.788% dividendos calificados y el 10.92% retorno de capital. La distribución del 29 de diciembre de 2023 se dividió entre años fiscales, con $0.710486 asignables a 2024, mientras que la distribución del 31 de diciembre de 2024 se asignará completamente a 2025.

El portafolio de BXP abarca 53.3 millones de pies cuadrados en 185 propiedades en seis mercados clave: Boston, Los Ángeles, Nueva York, San Francisco, Seattle y Washington, DC.

BXP (NYSE: BXP), 미국에서 최고의 직장 공간을 개발하고 관리하는 가장 큰 상장 기업이, 보통주 배당금에 대한 2024년 세금 처리를 발표했습니다. 회사는 2024년 내내 주당 $0.98의 분기 배당금을 선언하며, 총 연간 $4.90에 달합니다.

총 배당금 중 약 88.29%가 과세되는 일반 배당금, 0.788%가 자격이 있는 배당금, 그리고 10.92%가 자본 환급을 차지합니다. 2023년 12월 29일 배당금은 세금 연도별로 나뉘어 $0.710486이 2024년에 할당되며, 2024년 12월 31일 배당금은 2025년에 전적으로 할당됩니다.

BXP의 포트폴리오는 185개 부동산에 걸쳐 5,330만 평방피트를 포함하며, 주요 6개 시장인 보스턴, 로스앤젤레스, 뉴욕, 샌프란시스코, 시애틀, 그리고 워싱턴 DC를 포함합니다.

BXP (NYSE: BXP), le plus grand développeur et gestionnaire coté en bourse d'espaces de travail de premier ordre aux États-Unis, a annoncé le traitement fiscal de ses distributions sur actions ordinaires pour 2024. L'entreprise a déclaré des distributions trimestrielles de $0.98 par action tout au long de 2024, totalisant $4.90 annuellement.

Des distributions totales, environ 88.29% représente des dividendes ordinaires imposables, 0.788% des dividendes qualifiés, et 10.92% le retour de capital. La distribution du 29 décembre 2023 a été répartie entre les années fiscales, avec $0.710486 attribuables à 2024, tandis que la distribution du 31 décembre 2024 sera entièrement attribuée à 2025.

Le portefeuille de BXP comprend 53,3 millions de pieds carrés répartis sur 185 propriétés dans six principaux marchés : Boston, Los Angeles, New York, San Francisco, Seattle, et Washington, DC.

BXP (NYSE: BXP), der größte börsennotierte Entwickler und Betreiber von hochwertigen Arbeitsplätzen in den Vereinigten Staaten, hat die steuerliche Behandlung seiner Ausschüttungen auf Stammaktien für 2024 bekannt gegeben. Das Unternehmen erklärte vierteljährliche Ausschüttungen von $0.98 pro Aktie über das Jahr 2024 hinweg, insgesamt $4.90 jährlich.

Von den gesamten Ausschüttungen entfallen etwa 88.29% auf steuerpflichtige ordentliche Dividenden, 0.788% auf qualifizierte Dividenden und 10.92% auf Kapitalrückzahlungen. Die Ausschüttung vom 29. Dezember 2023 wurde zwischen den Steuerjahren aufgeteilt, wobei $0.710486 dem Jahr 2024 zugeordnet wird, während die Ausschüttung vom 31. Dezember 2024 vollständig dem Jahr 2025 zugeordnet wird.

Das Portfolio von BXP umfasst 53,3 Millionen Quadratfuß über 185 Immobilien in sechs Schlüsselmarkt: Boston, Los Angeles, New York, San Francisco, Seattle und Washington, DC.

Positive
  • Consistent quarterly dividend payments of $0.98 per share
  • Large portfolio of 53.3 million square feet across 185 properties
  • Strong presence in six major U.S. gateway markets
Negative
  • 10.92% of distributions classified as return of capital, potentially indicating earnings don't fully cover dividends

BOSTON--(BUSINESS WIRE)-- BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the 2024 tax treatment of distributions on shares of its common stock, as described below. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment to them of these distributions.

Common Shares (CUSIP #101121101)

Record
Date

Payment Date

Total Distribution per Share

Total Distribution Allocable to 2024

2024 Taxable Ordinary Dividends

2024 Qualified Dividends (1)

2024 Short-term Capital Gain (1)

2024 Total Capital Gain Distribution (2)

2024 Section 199A Dividends (1)

2024 Non-taxable Distribution (Return of Capital)

12/29/2023

1/30/2024

$0.980000

$0.710486

$0.627294

$0.004655

$0.000637

$0.005599

$0.622002

$0.077593

3/28/2024

4/30/2024

$0.980000

$0.980000

$0.865250

$0.006421

$0.000878

$0.007722

$0.857951

$0.107028

6/28/2024

7/31/2024

$0.980000

$0.980000

$0.865250

$0.006421

$0.000878

$0.007722

$0.857951

$0.107028

9/30/2024

10/31/2024

$0.980000

$0.980000

$0.865250

$0.006421

$0.000878

$0.007722

$0.857951

$0.107028

12/31/2024

1/30/2025

$0.980000

$0.000000

$0.000000

$0.000000

$0.000000

$0.000000

$0.000000

$0.000000

 

$4.900000

$3.650486

$3.223044

$0.023918

$0.003271

$0.028765

$3.195855

$0.398677

100%

88.2908%

0.7880%

10.9212%

 

(1) These amounts are a subset of, and included in, the 2024 Taxable Ordinary Dividend amounts.

(2) These amounts are also reported as Section 897 gains attributable to dispositions of USRPIs. In addition, for purposes of Section 1061 of the Internal Revenue Code, 100% of the distributions reported as 2024 Total Capital Gain Distributions are from sales of assets that either generated Section 1231 gains or were held for more than 3 years. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interest.”

The common stock distribution with a record date of December 29, 2023, was a split-year distribution with $0.710486 allocable to 2024 for federal income tax purposes. The entire common stock distribution with a record date of December 31, 2024, will be allocable to 2025 for federal income tax purposes.

ABOUT BXP

BXP, Inc. (NYSE: 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. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). Including properties owned by unconsolidated joint ventures, BXP’s portfolio totals 53.3 million square feet and 185 properties, including seven properties under construction/redevelopment. For more information about BXP, please visit our website or follow us on LinkedIn or Instagram.

AT BXP

Mike LaBelle

Executive Vice President

Chief Financial Officer and Treasurer

mlabelle@bxp.com

Michael Walsh

Senior Vice President

Chief Accounting Officer

mwalsh@bxp.com

Source: BXP, Inc.

FAQ

What is BXP's dividend payment schedule and amount for 2024?

BXP pays quarterly dividends of $0.98 per share, scheduled for January 30, April 30, July 31, and October 31, 2024, totaling $4.90 annually.

How much of BXP's 2024 distributions are classified as taxable ordinary dividends?

88.29% of BXP's 2024 distributions ($3.223044 per share) are classified as taxable ordinary dividends.

What percentage of BXP's 2024 distributions are return of capital?

10.92% of BXP's 2024 distributions ($0.398677 per share) are classified as return of capital.

How are BXP's December 2023 and December 2024 distributions treated for tax purposes?

The December 29, 2023 distribution is split between tax years with $0.710486 allocable to 2024, while the December 31, 2024 distribution will be entirely allocable to 2025.

What is the geographic distribution of BXP's property portfolio?

BXP's portfolio is concentrated in six gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.

BXP, Inc.

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