BXP Declares Regular Quarterly Dividend

Rhea-AI Summary

Boston Properties (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the U.S., announced its Board of Directors has declared a regular quarterly cash dividend of $0.98 per share for Q2 2024. This dividend will be payable on July 31, 2024, to shareholders of record as of June 28, 2024. As of March 31, 2024, BXP's portfolio encompassed 53.5 million square feet across 187 properties, including 11 under construction or redevelopment. BXP operates primarily in six major U.S. markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has a history of over 50 years in delivering premium workplaces and is structured as a real estate investment trust (REIT).

Positive

• BXP declared a quarterly cash dividend of $0.98 per share.
• Dividend will be payable on July 31, 2024, providing income to shareholders.
• BXP's portfolio includes 53.5 million square feet and 187 properties.
• BXP operates in six dynamic gateway markets, enhancing market coverage and diversification.
• Over 50 years of experience in developing premier workplaces.

Negative

• The current dividend rate might not meet the expectations of all investors.
• Dividends offer no guarantee of future performance and can be impacted by market conditions.

BOSTON--(BUSINESS WIRE)-- Boston Properties, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period April 1, 2024 to June 30, 2024, payable on July 31, 2024 to shareholders of record as of the close of business on June 28, 2024.

BXP (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). As of March 31, 2024, including properties owned by unconsolidated joint ventures, BXP’s portfolio totaled 53.5 million square feet and 187 properties, including 11 properties under construction/redevelopment. For more information about BXP, please visit our website or follow us on LinkedIn or Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240611039171/en/

AT BXP



Mike LaBelle

Executive Vice President,

Chief Financial Officer

mlabelle@bxp.com



Helen Han

Vice President, Investor Relations

hhan@bxp.com

Source: Boston Properties, Inc.

FAQ

What is the dividend declared by BXP for Q2 2024?

BXP declared a regular quarterly cash dividend of $0.98 per share for Q2 2024.

When is the BXP dividend payable?

The BXP dividend is payable on July 31, 2024.

Who are eligible for the BXP dividend?

Shareholders of record as of the close of business on June 28, 2024, are eligible for the BXP dividend.

How large is BXP's portfolio?

As of March 31, 2024, BXP's portfolio includes 53.5 million square feet and 187 properties.

In which markets does BXP operate?

BXP operates in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.