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 (Boston Properties) is a leading real estate investment trust (REIT) focused on premier office spaces in major U.S. markets. This page aggregates official announcements, financial updates, and strategic developments for stakeholders tracking the company’s performance.
Access timely updates including quarterly earnings, property acquisitions, sustainability initiatives, and leadership changes. Our curated feed ensures you never miss critical information affecting BXP investment decisions or market positioning.
Key coverage areas include leasing activity in core markets like Boston and San Francisco, development project milestones, and industry trend analysis relevant to commercial real estate. All content is sourced directly from verified company communications.
Bookmark this page for streamlined access to BXP’s evolving story. Check back regularly for objective reporting on one of the REIT sector’s most strategically positioned operators.
Boston Properties (NYSE: BXP) has announced that Peter Otteni and Jake Stroman will take over as Co-Heads of the Washington, DC office, effective May 15, 2021, succeeding Peter Johnston, who is retiring after over 33 years with the company. Otteni, with extensive development experience, and Stroman, a seasoned leasing expert, will continue to lead their respective departments while also overseeing regional operations. The leadership transition aims to ensure continued growth and stability in BXP's operations in Washington, DC.
Boston Properties, Inc. (NYSE:BXP) reported a fourth quarter net income of $7.3 million, down from $140.8 million year-over-year, heavily impacted by a $0.35 per share impairment charge for Dock 72. Funds from Operations (FFO) were $213.1 million, down from $289.9 million in Q4 2019. The company signed 1.2 million square feet of new leases, the strongest quarter since the pandemic began. For Q1 2021, projected EPS is $0.53 - $0.57 and projected FFO is $1.53 - $1.57 per share. Full year net income reached $862.2 million, up from $511 million in 2019, primarily due to asset sales.
Boston Properties (BXP) has announced the 2020 tax treatment for distributions on its common stock and 5.25% Series B Cumulative Redeemable Preferred Stock. Shareholders are advised to consult with their tax advisors regarding the implications of these distributions. Significant details include:
- Total Distribution per Share: $0.980000
- 2020 Taxable Ordinary Dividends: $0.610620
- Record Date: December 31, 2019
- Payment Date: January 30, 2020
Boston Properties, Inc. (NYSE: BXP) has announced a full redemption of its $850 million 4.125% Senior Notes due 2021. The redemption will occur on February 14, 2021, at a total cost of approximately $858.7 million, which includes $8.7 million in accrued interest. The company plans to utilize available cash for this redemption. As the largest publicly traded developer and owner of Class A office properties in the U.S., Boston Properties manages a portfolio of 51.2 million square feet across major cities including Boston, Los Angeles, and New York.
Boston Properties, Inc. (NYSE:BXP) will release its financial results for the fourth quarter and full year 2020 on January 26, 2021, after market close. A conference call to discuss these results and provide an update will be held on January 27, 2021, at 10:00 AM ET. Boston Properties, a leader in Class A office properties, boasts a portfolio of 51.2 million square feet across 196 properties, with a presence in major markets such as Boston, Los Angeles, New York, San Francisco, and Washington, DC.
Boston Properties, Inc. (NYSE: BXP) has declared a quarterly cash dividend of $0.98 per share for the period from October 1, 2020 to December 31, 2020, payable on January 28, 2021. Additionally, the Board announced a cash dividend of $0.328125 per depositary share for the 5.25% Series B Cumulative Redeemable Preferred Stock, payable on February 16, 2021. Shareholders of record for the common stock will be noted as of December 31, 2020, and for preferred stock as of February 5, 2021.
Boston Properties (NYSE: BXP) announced the installation of a 5.2 megawatt solar photovoltaic system at Carnegie Center, Princeton. In partnership with Ameresco and Greenbacker, this 13,000-panel system will supply at least 75% of the annual energy needs for four buildings totaling 554,000 square feet. The installation is expected to generate 6.6 million kilowatt-hours annually, reducing greenhouse gas emissions by 4,600 metric tons. BXP's sustainability efforts have earned various recognitions, highlighting their commitment to environmentally responsible operations.
Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer and manager of Class A office properties in the U.S., announced a 138,000 square-foot, 10-year lease with Translate Bio at 200 West Street, Waltham, MA. This property is undergoing redevelopment into lab space, set for completion in 2021, and is now fully leased. The facility will include modern lab spaces and amenities, fostering an environment for biotech innovation. BXP Life Sciences has a portfolio of 3.3 million square feet dedicated to life sciences, reflecting its strong commitment to this growing sector.
