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, Inc. (NYSE: BXP) is a fully integrated real estate investment trust that describes itself as the largest publicly traded developer, owner, and manager of premier workplaces in the United States. Its news flow reflects activity across six gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC, as well as capital markets and corporate developments.
On this page, readers can review news items that BXP has released about its business, including leasing milestones, development progress, asset sales, financing transactions, and dividend declarations. Recent announcements have highlighted strong leasing momentum measured in millions of square feet, long-term leases in Midtown Manhattan, and the commencement or delivery of major projects such as 343 Madison Avenue and other premier workplace developments in Boston, Reston, and New York.
BXP’s news also covers its multi‑year strategic asset sales plan, under which it reports completing sales of suburban land parcels, residential properties, and non‑core office and life sciences assets with aggregate net proceeds exceeding $1.0 billion. In addition, the company issues updates on capital structure decisions, such as exchangeable senior notes offerings and Green Bond mortgage financing secured by The Hub on Causeway podium and office tower in Boston.
Investors and observers can use this news feed to follow how BXP describes its leasing performance, portfolio optimization, financing activities, and dividend actions over time. Because these items are drawn from official company announcements, they provide direct insight into management’s views on its premier workplace portfolio and strategic priorities in its core gateway markets.
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.
Boston Properties (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the US, will release its first-quarter financial results on May 2, 2022, after market close. A conference call is scheduled for May 3, 2022, at 11:00 A.M. ET for detailed discussions on the results and company updates. The delayed release is due to scheduling conflicts. BXP's portfolio includes 52.8 million square feet and 201 properties, with nine under construction/redevelopment as of December 31, 2021.
Boston Properties (NYSE: BXP) has declared a quarterly cash dividend of
Boston Properties (NYSE: BXP) announced participation in the 2022 Citi Global Property CEO Conference from March 6-9, 2022, at the Diplomat Resort & Spa in Hollywood, Florida.
The company's executives, including CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle, will lead a roundtable discussion on March 8, 2022, at approximately 9:45 AM ET. Investors can access a live webcast through the company’s Investor Relations section. Boston Properties is the largest publicly traded developer and manager of Class A office spaces in the U.S.
Boston Properties (NYSE: BXP) announced the resumption of construction on the first phase of the Platform 16 development in San Jose. This phase includes a 390,000 square foot Class A office building, expected to be ready by late 2024, alongside a below-grade parking garage. BXP holds a 55% stake in the joint venture, with the Canada Pension Plan Investment Board owning the remaining 45%. The completed urban campus will total 1.1 million square feet, featuring modern amenities and direct access to Guadalupe River Park.
Boston Properties (NYSE: BXP) has executed 1.8 million square feet of leases in Q4 2021, with an average lease term of 8.6 years, contributing to a total of 5.1 million square feet for the year. Key leases include 231,000 square feet in South San Francisco and significant leases in Waltham and New York City. This leasing activity marks a 55% increase from Q4 2020 and showcases a strong demand for office spaces, particularly among life sciences clients, with over 25% of leases in this sector.
Boston Properties (BXP) reported strong Q4 and full-year 2021 results, surpassing EPS and FFO guidance. Q4 revenue increased 10% year-over-year to $731.1 million, with net income reaching $184.5 million ($1.18 per diluted share). Full-year EPS was $3.17, down from $5.54 in 2020, due to higher asset sale gains in the prior year. The company executed 1.8 million square feet of leases in Q4 and 5.1 million for 2021, primarily in life sciences. Significant initiatives include multiple new developments, completions, and a major acquisition in Seattle.
Boston Properties (NYSE: BXP) has partnered with Senseware to implement a state-of-the-art indoor air quality (IAQ) monitoring system across its office portfolio. This initiative aims to enhance BXP's healthy building strategy by integrating real-time monitoring capabilities. The system will utilize duct-mounted sensors to track air quality metrics, including carbon dioxide and fine particulates. BXP continues to prioritize sustainability and health, having been recognized for its efforts in ESG practices, especially amid the COVID-19 pandemic.
Boston Properties (NYSE: BXP) announced the 2021 tax treatment for distributions on its common stock and 5.25% Series B Cumulative Redeemable Preferred Stock. Shareholders should consult tax advisors regarding the specifics. Key distributions include a total of $0.980000 per share for common stocks, with allocations for different tax categories detailed. The company redeemed all outstanding shares of its Series B Preferred Stock on April 1, 2021. Boston Properties remains a significant player in the Class A office property market across major U.S. cities.
FAQ
What is the current stock price of BXP (BXP)?
What is the market cap of BXP (BXP)?
