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BXP, Inc. - BXP STOCK NEWS

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.

News

BXP to Present at the 2024 Citi Global Property CEO Conference

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BXP (NYSE: BXP) announced its participation in the 2024 Citi Global Property CEO Conference. The company's executives will discuss various business and financial matters affecting BXP. The presentation will be live-streamed and available for replay on the company's website.
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BXP to Present at the 2024 BofA Securities Financial Services Conference

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BXP (NYSE: BXP) executives to present at 2024 BofA Securities Financial Services Conference in Miami Beach, Florida. The presentation will cover operating environment, trends, development activities, and financial matters.
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BXP Announces Fourth Quarter and Full Year 2023 Results

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Boston Properties, Inc. (BXP) exceeded full year 2023 guidance for EPS and FFO, reporting a 5% increase in revenue to $828.9 million for Q4. Executed more than 1.5 million square feet of leases in Q4 and approximately 4.2 million square feet in 2023. Net income of $119.9 million, or $0.76 per diluted share, for Q4. Provided guidance for Q1 2024 EPS of $0.66 - $0.68 and FFO of $1.72 - $1.74 per diluted share, and full year 2024 EPS of $2.26 - $2.46 and FFO of $7.00 - $7.20 per diluted share.
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Snap Inc. Commits to Santa Monica With Long-Term Lease Extension at BXP’s Santa Monica Business Park

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BXP (NYSE: BXP) has announced a ten-year, approximately 467,000 square foot, multi-building lease extension with Snap Inc. at Santa Monica Business Park. The lease extension signifies Snap's commitment to the area and the park's appeal to high-profile technology and entertainment companies.
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BXP Announces 2023 Tax Treatment of Its Distributions

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Boston Properties, Inc. (BXP) announced the 2023 tax treatment of distributions on shares of its common stock. The total distribution per share for 2023 is $4.900000, with $3.038757 being taxable ordinary dividends. Shareholders are encouraged to consult with their personal tax advisors for specific tax treatment. The company also provided a breakdown of the distribution for each payment date in 2023.
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BXP to Release Fourth Quarter & Full Year 2023 Financial Results on January 30, 2024

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Boston Properties (BXP) to Release Q4 and Full Year 2023 Financial Results
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BXP Declares Regular Quarterly Dividend

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Boston Properties, Inc. (NYSE: BXP) declared a regular quarterly cash dividend of $0.98 per share of common stock for the period October 1, 2023 to December 31, 2023, payable on January 30, 2024 to shareholders of record as of the close of business on December 29, 2023. 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. As of September 30, 2023, including properties owned by unconsolidated joint ventures, BXP’s portfolio totals 53.5 million square feet and 190 properties, including 11 properties under construction/redevelopment.
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BXP Agrees to Sell a 45% Interest in Kendall Square Life Sciences Properties

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BXP (NYSE: BXP) announced a $746.4 million investment by Norges Bank Investment Management to form joint ventures to own two properties totaling approximately 810,000 square feet in Kendall Square, Cambridge, Massachusetts. Norges Bank Investment Management will acquire a 45% interest in the properties at a gross valuation of approximately $1.66 billion. The properties are 100% pre-leased, and BXP will retain a 55% interest in the joint ventures. NBIM's investment will reduce BXP's share of estimated future development spend over time by approximately $533.5 million. This investment strengthens the partnership between BXP and NBIM in the life sciences sector, demonstrating the value placed by investors on well-located, well-leased premier workplaces with strong stewardship.
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BXP Announces Third Quarter 2023 Results

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BXP reported Q3 2023 financial results with revenue of $824.3 million, a 4.3% increase YoY. Net income was $(111.8) million compared to $361.0 million in Q3 2022. BXP executed leases for 1.06 million square feet, delivered two development projects, and strengthened its balance sheet through debt maturities and additional liquidity. BXP also achieved a top ESG rating in the 2023 GRESB assessment.
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BXP Earns Top ESG Ratings in 2023 GRESB Assessment

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BXP earns top ESG ratings in 2023 GRESB assessment
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FAQ

What is the current stock price of BXP (BXP)?

The current stock price of BXP (BXP) is $74.64 as of December 20, 2024.

What is the market cap of BXP (BXP)?

The market cap of BXP (BXP) is approximately 11.8B.

What does Boston Properties, Inc. do?

Boston Properties, Inc. is a real estate investment trust that owns, manages, and develops premium office properties in key U.S. markets.

Where is Boston Properties, Inc. headquartered?

Boston Properties, Inc. is headquartered in Boston, Massachusetts.

In which cities does Boston Properties, Inc. have a significant presence?

Boston Properties, Inc. has a significant presence in Boston, New York, San Francisco, Los Angeles, Seattle, and Washington, D.C.

What types of properties are in Boston Properties, Inc.'s portfolio?

Boston Properties, Inc.'s portfolio primarily includes first-class office spaces, but also features a hotel, two residential properties, and five retail properties.

When did Boston Properties, Inc. become a public company?

Boston Properties, Inc. went public in June 1997.

How many properties does Boston Properties, Inc. own?

Boston Properties, Inc. owns over 190 properties.

How much rentable square footage is managed by Boston Properties, Inc.?

Boston Properties, Inc. manages approximately 53 million rentable square feet.

What makes Boston Properties, Inc. stand out in the real estate market?

Boston Properties, Inc. is known for its in-house building management expertise, responsiveness to tenants' needs, and a strong track record in developing premium office buildings.

What are recent achievements of Boston Properties, Inc.?

Recent achievements of Boston Properties, Inc. include strategic acquisitions and developments, focusing on sustainability and innovative design.

How does Boston Properties, Inc. maintain financial stability?

Boston Properties, Inc. maintains financial stability through a robust balance sheet and disciplined capital allocation, supporting its growth initiatives.

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BXP, Inc.

NYSE:BXP

BXP Rankings

#771 Ranked by Market Cap
#560 Ranked by Dividends

BXP Stock Data

11.77B
157.77M
0.22%
103.9%
4.44%
REIT - Office
Real Estate Investment Trusts
Link
United States of America
BOSTON