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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.
View Boston, set to open in 2023 atop the Prudential Tower, will be a 59,000-square-foot observatory providing stunning 360° views of the city. Owned by BXP (NYSE: BXP), the venue will feature immersive exhibits allowing visitors to create customized itineraries based on interests, enhancing the Boston experience. The project aims to attract both business and leisure travelers, positioning itself as a premier destination in Boston's tourism landscape. BXP's partnership with the Greater Boston Convention & Visitors Bureau will promote the observatory as a must-visit location.
BXP (NYSE: BXP), a leading real estate investment trust, will announce its third quarter 2022 financial results on October 25, 2022, after NYSE trading. A conference call is scheduled for October 26, 2022, at 10:00 A.M. Eastern Time, to discuss the results and provide updates on BXP's operations. As of June 30, 2022, BXP managed a portfolio of 53.7 million square feet across 193 properties, including 12 under construction, solidifying its position in key US markets.
BXP has successfully acquired 125 Broadway, a 271,000 square foot lab property, from Biogen for approximately $592 million. Biogen will continue leasing the property until April 2028. This acquisition complements BXP's existing Kendall Center portfolio in Cambridge, MA, a hub for life sciences. Additionally, BXP has terminated a lease at 300 Binney Street to redevelop it into 240,000 square feet of lab space, securing a 15-year lease with a prominent life sciences firm, commencing post-renovation in late 2024.
BXP (NYSE: BXP), the largest publicly traded developer of Class A office properties in the U.S., has declared a quarterly cash dividend of $0.98 per share for the period from July 1, 2022 to September 30, 2022. The dividend is payable on October 31, 2022 to shareholders of record as of September 30, 2022. BXP's portfolio comprises 53.7 million square feet across 193 properties, with ongoing developments in six major markets, reflecting its strong position in the real estate sector.
BXP (NYSE: BXP) will hold an Investor Conference on September 20, 2022, in Boston, Massachusetts, from 8:00 am ET to 5:00 pm ET. The conference will feature discussions led by CEO Owen Thomas and other management members, focusing on current operating conditions, strategies, and business developments. Investors can access the live webcast by registering through a provided link, with a replay available post-conference. BXP is a leading real estate investment trust, managing over 53.7 million square feet across six major U.S. markets.
FiscalNote (NYSE: NOTE) has appointed Sara Buda as Vice President of Investor Relations, effective immediately. Buda brings over 20 years of experience in investor relations and corporate development, having previously led successful IR programs at Berkshire Grey (NASDAQ: BGRY) and Boston Properties (NYSE: BXP). In her new role, she will manage investor communications, corporate earnings processes, and international investor engagement. FiscalNote is preparing for participation in multiple upcoming investor conferences this week.
Boston Properties, Inc. (NYSE: BXP) announced the sale of 601 Massachusetts Avenue, NW, Washington, DC, for a gross price of $531 million and net proceeds of approximately $512 million. The 11-story office property, developed in 2015, is currently 98% leased. The sale was executed as part of a Section 1031 reverse like-kind exchange, allowing BXP to defer taxable gains. This transaction is significant in BXP's strategy to reallocate capital to the Seattle market, following the acquisition of Madison Centre for $730 million in May 2022.
Boston Properties, Inc. (BXP) reported a strong Q2 2022 performance, with revenue rising over 8% to $773.9 million, net income of $223.0 million ($1.42 EPS), and FFO of $304.6 million ($1.94 per share). Both EPS and FFO surpassed guidance midpoints. Approximately 1.9 million square feet of leases were executed, and BXP expanded its Seattle presence with the $730 million acquisition of Madison Centre. The company raised its full-year 2022 guidance for EPS to $5.40 - $5.45 and FFO to $7.48 - $7.53, amid strong leasing activity and ongoing development projects.
Boston Properties (NYSE: BXP), a leading developer and manager of Class A office properties in the U.S., will release its Q2 2022 financial results on July 26, 2022, after market close. Following this, a conference call will be held on July 27, 2022, at 10:00 A.M. ET to discuss the results and provide updates. BXP's portfolio consists of 53.1 million square feet across 201 properties as of March 31, 2022, which includes 11 properties under construction or redevelopment.
Boston Properties, Inc. (NYSE: BXP) announced a quarterly cash dividend of $0.98 per share for the period from April 1, 2022 to June 30, 2022. This dividend will be payable on July 29, 2022 to shareholders on record as of June 30, 2022. Boston Properties is the largest publicly traded developer and manager of Class A office properties in the U.S., with a portfolio totaling 53.1 million square feet across 201 properties, including properties under construction or redevelopment.
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