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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.
BXP (NYSE: BXP), the largest publicly traded developer and manager of premier workplaces in the U.S., has been named one of the World's Most Sustainable Companies by TIME Magazine and Statista, ranking #79 overall and highest among U.S. property owners. This inaugural list evaluates 500 companies based on environmental targets, carbon emissions, renewable energy use, and scores from CDP, among other metrics. BXP's Chairman & CEO, Owen Thomas, noted that sustainability is central to the company's strategy, benefiting both the environment and the organization. BXP's efforts include resource conservation, energy efficiency, and decarbonization, which enhance client service and asset value. The company has also received accolades such as Best ESG Program by Commercial Property Executive, ENERGY STAR Partner of the Year, and others. BXP's 2023 Sustainability & Impact Report, detailing their sustainability initiatives, is available on their website.
BXP, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, will release its financial results for the second quarter of 2024 on July 30, 2024, after market close.
A conference call and webcast to discuss these results will be held the following day, July 31, 2024, at 10:00 A.M. Eastern Time. Participation details and access to the live webcast will be available on BXP’s website, with a replay accessible for up to twelve months.
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).
BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the US, has announced that its top executives will participate in Nareit's 2024 REITweek Investor Conference.
Chairman & CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle will present on June 4, 2024, at 11:00 AM ET at the New York Hilton Midtown.
The presentation, moderated by Steve Sakwa from Evercore ISI, will cover the current operating environment, trends, strategies, and investment activities.
A live webcast and replay of the presentation will be available on BXP’s website.
BXP (NYSE: BXP) will host its third annual Sustainability & Impact Investor Update on May 15, 2024, showcasing its commitment to sustainability and impact. The webcast will feature key executives and highlight BXP's achievements in ESG programs and energy efficiency.
BXP reported its first quarter 2024 results with revenues increasing by 4.5% to $839.4 million. Net income was $79.9 million, falling short of EPS guidance due to impairment charges and higher depreciation expenses. FFO was $271.3 million, in line with guidance. BXP provided reduced guidance for Q2 2024 and full year 2024 due to increased expenses and interest rates.
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