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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), a leading real estate investment trust, announced that Senior Executive Vice President Raymond A. Ritchey will transition to a less than full-time role. Despite this change, Ritchey will remain integral to BXP's management, supporting its Washington, DC, Los Angeles, and Seattle operations, and managing client relationships across regions. Chairman & CEO Owen Thomas praised Ritchey’s contributions to real estate in DC and beyond. BXP has a portfolio of 54.1 million square feet across 194 properties, reinforcing its status as the largest publicly traded developer and manager of premium workplaces in the U.S.
BXP (NYSE: BXP), a leading developer and manager of commercial real estate in the United States, announced that Owen Thomas, CEO, and Doug Linde, President, will participate in the 2023 Citi Global Property CEO Conference from March 5-8, 2023, in Hollywood, Florida. Their presentation is set for 9:15 AM ET on March 6, 2023, covering the current operating environment, investment strategies, and financial matters. BXP manages a portfolio of 54.1 million square feet across 194 properties in six major markets, including Boston and New York, with over 50 years of experience in the industry. A live webcast will be available on BXP's website.
BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced that Owen Thomas, CEO, and Michael LaBelle, CFO, will participate in a presentation at the 2023 BofA Securities Financial Services Conference. This event will be held from February 14-16, 2023, at the Conrad Downtown Hotel in New York. The BXP presentation is scheduled for approximately 8:00 AM ET on February 15. Key topics include the current operating environment, trends, strategies, and additional business matters. A live webcast will be available via BXP's Investors section on their website, alongside a replay shortly after the event.
BXP (NYSE: BXP) reported Q4 2022 results showing revenue growth of 8.0% to $789.8 million compared to Q4 2021. Net income declined to $121.8 million ($0.78 EPS) due to a $0.29 impairment charge on Dock 72, while funds from operations (FFO) rose to $292.9 million ($1.86 per diluted share). The company executed 1.1 million square feet of leases in Q4 2022 and updated guidance for 2023 projecting EPS between $2.36 and $2.46. Significant acquisitions include a 27% interest in 200 Fifth Avenue for $280.1 million. Annual highlights include leasing 5.7 million square feet and total net income of $848.9 million for 2022.
Boston Properties, Inc. (NYSE: BXP) has announced the 2022 tax treatment of distributions for its common stock. Key distribution details include a total distribution of
BXP (NYSE: BXP), a leading real estate investment trust, has been named one of America's Most Responsible Companies for 2023 by Newsweek, ranking first in the Real Estate & Housing sector and 29th overall out of 500 companies. The firm also earned its second consecutive inclusion in the Dow Jones Sustainability Index North America, highlighting its strong ESG performance.
Owen Thomas, CEO, emphasized the critical role of the real estate industry in addressing climate change. BXP achieved a notable environmental score and continues to lead in corporate responsibility, receiving numerous accolades for its sustainability initiatives.
BXP (NYSE: BXP) announced the closing of a new $1.2 billion unsecured term loan facility maturing in May 2024. An option exists to increase the loan by $300 million. Proceeds will refinance a $730 million loan due in May 2023, providing approximately $466 million for corporate purposes. This financing reflects BXP's robust financial condition and strengthens its liquidity, supporting strategic growth, including new developments in Cambridge, MA.
BXP (NYSE: BXP), a leading developer and manager of premier workplaces in the U.S., will release its financial results for Q4 and the full year 2022 on January 31, 2023, post NYSE trading hours. A conference call is set for February 1, 2023, at 10:00 A.M. ET to discuss these results. BXP operates in six major markets, with a portfolio of 53.5 million square feet across 193 properties, including ongoing projects. The company focuses on delivering value for clients and communities.
Boston Properties, Inc. (NYSE: BXP) declared a quarterly cash dividend of $0.98 per share for the period October 1, 2022 to December 31, 2022. This dividend is payable on January 30, 2023 to shareholders of record as of the close of business on December 30, 2022. BXP is the largest publicly traded developer, owner, and manager of premier workplaces in the U.S., with a portfolio totaling 53.5 million square feet across 193 properties, including 14 properties under construction. For more information, visit www.bxp.com.
BXP (NYSE: BXP), a leading developer and manager of premier workplaces in the U.S., has received Nareit's 2022 Leader in the Light Award for its excellence in sustainability within the office property sector. This marks BXP's eleventh consecutive 'Green Star' recognition and reflects its commitment to sustainable practices, as evidenced by a 5-star GRESB rating. The company emphasizes its role in addressing climate change, with a portfolio of 53.5 million square feet across key U.S. markets. BXP continues to be recognized for its ESG initiatives, positioning itself as a leader in sustainable real estate.
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