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.
Boston Properties, Inc. (BXP), established in 1970 by Mortimer B. Zuckerman and Edward H. Linde, is a self-administered and self-managed real estate investment trust (REIT). The company is renowned as one of the largest owners, managers, and developers of premium office properties in the United States. With its headquarters in Boston, the company maintains significant operational presence in key markets including Boston, New York, San Francisco, and Washington, D.C.
Listed as a public company since June 1997, Boston Properties has built an impressive portfolio of over 190 properties, encompassing approximately 53 million rentable square feet. The company's properties are primarily first-class office spaces, but also include a hotel, two residential properties, and five retail properties. These assets are strategically located in central business districts (CBDs) and suburban office centers across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C. region.
Boston Properties is distinguished by its in-house building management expertise and a strong reputation for responsiveness to tenants' needs. The company’s full-service regional offices play a vital role in acquiring, developing, and managing properties, ensuring high-quality service and maintenance. The company's development track record includes premium CBD office buildings and suburban office centers, contributing to its high standing in the real estate market.
Recent achievements and current projects highlight Boston Properties' commitment to sustainability and innovative design. The company continuously seeks opportunities to enhance its property portfolio and further strengthen its market position through strategic partnerships and developments.
Financially, Boston Properties maintains a robust balance sheet and a disciplined approach to capital allocation. This financial stability supports its ongoing growth initiatives and provides a strong foundation for future opportunities.
Stay informed with the latest updates and relevant information about Boston Properties’ performance, events, and developments by visiting StockTitan regularly.
Boston Properties (NYSE: BXP) has acquired two lab properties at 153 & 211 Second Avenue in Waltham, Massachusetts for $100 million. The buildings, totaling 153,000 square feet, are fully leased to a leading pharmaceutical company and strategically located near BXP’s existing properties, enhancing their life sciences portfolio. This acquisition boosts BXP’s lab and office space in the Waltham/Lexington region to 4.9 million square feet, aligning with the growing demand in the biotech sector.
Boston Properties (NYSE: BXP) has signed a 140,000 square-foot expansion lease with a technology company at 3100 Ocean Park Blvd., within its Santa Monica Business Park. This creative campus spans 1.2 million square feet and is notable for attracting high-profile tech and entertainment firms, establishing itself as a leading workplace in West Los Angeles. The lease highlights the allure of the West Los Angeles submarket for creative talent, enhancing Boston Properties' portfolio of 51.6 million square feet across major U.S. markets.
Boston Properties (NYSE: BXP) has signed a 12-year lease for 98,000 square feet with Boston Consulting Group at Metropolitan Square, Washington, DC. BCG is relocating from Bethesda, MD, to accommodate growth in the DC metro area.
The $60 million renovation of Met Square, completed in 2020, includes modern amenities and collaborative spaces, enhancing the building's appeal. This lease reflects the strong demand for quality office spaces post-renovation, reinforcing BXP's position in the market.
Boston Properties, Inc. (NYSE: BXP) has announced a new 10-year lease with Roku, Inc. for 72,000 square feet at their Colorado Center office campus in Santa Monica, California. This deal highlights ongoing demand for high-quality Class A office space among leading tech firms. The Colorado Center spans 15 acres and is ideally located within Santa Monica's Media and Entertainment District, offering extensive amenities. Roku aims to enhance team collaboration and innovation with this new space.
Boston Properties (NYSE: BXP) reported a first-quarter net income of $91.6 million, or $0.59 EPS, down from $497.5 million, or $3.20 EPS, a year prior due to a significant asset sale gain last year. Funds from Operations (FFO) were $243.8 million, or $1.56 per diluted share, compared to $284.1 million, or $1.83 per share in Q1 2020. The company signed 592,000 square feet of leases, including notable agreements with Roku and a healthcare company. Guidance for Q2 2021 indicates EPS between $0.54 and $0.56 and FFO of $1.59 to $1.61 per share.
Boston Properties, Inc. (NYSE: BXP) has signed a seven-year lease for 75,000 square feet with Imprivata, a notable digital identity company, at its recently developed 20 CityPoint in Waltham, Massachusetts. This lease completion brings the office space at 20 CityPoint to 100% occupancy. Imprivata plans to relocate its headquarters, emphasizing the site's modern design and amenities as pivotal for their workforce. The property features shared facilities, a café, and a daycare center, enhancing its appeal for employee retention and talent recruitment.
Boston Properties (NYSE: BXP), the largest publicly-traded developer, owner, and manager of Class A office properties in the U.S., will release its financial results for Q1 2021 on April 27, 2021, after trading hours. A conference call to discuss these results is scheduled for April 28, 2021, at 10:00 A.M. ET. Investors can join the call by dialing (877) 796-3880 (Domestic) or (443) 961-9013 (International) with the passcode 8878526. BXP's portfolio comprises 51.2 million square feet across 196 properties, including six under construction.
Boston Properties (NYSE: BXP) has declared a quarterly cash dividend of $0.98 per share for the period January 1 to March 31, 2021. This dividend will be payable on April 30, 2021, to shareholders of record by March 31, 2021. As the largest publicly traded developer and owner of Class A office properties in the U.S., Boston Properties operates in key markets, including Boston, Los Angeles, New York, San Francisco, and Washington, D.C., managing a portfolio of 51.2 million square feet across 196 properties.
FAQ
What is the current stock price of BXP (BXP)?
What is the market cap of BXP (BXP)?
What does Boston Properties, Inc. do?
Where is Boston Properties, Inc. headquartered?
In which cities does Boston Properties, Inc. have a significant presence?
What types of properties are in Boston Properties, Inc.'s portfolio?
When did Boston Properties, Inc. become a public company?
How many properties does Boston Properties, Inc. own?
How much rentable square footage is managed by Boston Properties, Inc.?
What makes Boston Properties, Inc. stand out in the real estate market?
What are recent achievements of Boston Properties, Inc.?
How does Boston Properties, Inc. maintain financial stability?
