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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.
Boston Properties (NYSE: BXP), the largest publicly traded developer and manager of Class A office properties in the U.S., announced participation in the Nareit REITweek Investor Conference from June 7-9, 2022 in New York City. Key executives, including Chairman & CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle, will present on June 8, 2022, at 9:30 AM ET. A live webcast will be available on BXP's website, and Q1 2022 Investor Materials will be posted prior to the conference.
Boston Properties (NYSE: BXP) has completed the acquisition of Madison Centre, a 37-story, approximately 760,000 square foot, LEED-Platinum certified Class A office property in Seattle, for about $730 million. This strategic acquisition enhances BXP's portfolio in the Seattle market, which they entered in 2021 with Safeco Plaza. Currently, Madison Centre is 93% leased and features top-notch amenities, including a fitness facility and rooftop deck, appealing to various office clients.
Barings and Schnitzer West have successfully completed the $730M sale of Seattle's Madison Centre to Boston Properties (NYSE: BXP), marking the largest multi-tenant office sale year-to-date in the U.S. The 37-story office tower, completed in September 2017, features 760,971 rentable square feet and is 93% leased. Madison Centre boasts advanced amenities, including health and wellness features, and has achieved LEED Platinum certification. The sale, brokered by Newmark, highlights the growing demand for high-quality office spaces as tenants adapt post-COVID.
Boston Properties, Inc. (NYSE: BXP) reported strong Q1 2022 results, exceeding EPS and FFO guidance. Revenue surged 6% to $754.3 million, with net income of $143 million ($0.91 per share) and FFO of $286.1 million ($1.82 per share). The company executed approximately 1.2 million square feet of leases, double the volume from Q1 2021, and agreed to acquire Madison Centre in Seattle for $730 million. BXP's Q2 2022 guidance projects EPS of $0.79 - $0.81 and FFO of $1.84 - $1.86. Additionally, BXP received recognition as one of Barron’s 10 Most Sustainable REITs.
Boston Properties (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the US, will release its first-quarter financial results on May 2, 2022, after market close. A conference call is scheduled for May 3, 2022, at 11:00 A.M. ET for detailed discussions on the results and company updates. The delayed release is due to scheduling conflicts. BXP's portfolio includes 52.8 million square feet and 201 properties, with nine under construction/redevelopment as of December 31, 2021.
Boston Properties (NYSE: BXP) has declared a quarterly cash dividend of
Boston Properties (NYSE: BXP) announced participation in the 2022 Citi Global Property CEO Conference from March 6-9, 2022, at the Diplomat Resort & Spa in Hollywood, Florida.
The company's executives, including CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle, will lead a roundtable discussion on March 8, 2022, at approximately 9:45 AM ET. Investors can access a live webcast through the company’s Investor Relations section. Boston Properties is the largest publicly traded developer and manager of Class A office spaces in the U.S.
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