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.
BXP, Inc. (NYSE: BXP) is a fully integrated real estate investment trust that describes itself as the largest publicly traded developer, owner, and manager of premier workplaces in the United States. Its news flow reflects activity across six gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC, as well as capital markets and corporate developments.
On this page, readers can review news items that BXP has released about its business, including leasing milestones, development progress, asset sales, financing transactions, and dividend declarations. Recent announcements have highlighted strong leasing momentum measured in millions of square feet, long-term leases in Midtown Manhattan, and the commencement or delivery of major projects such as 343 Madison Avenue and other premier workplace developments in Boston, Reston, and New York.
BXP’s news also covers its multi‑year strategic asset sales plan, under which it reports completing sales of suburban land parcels, residential properties, and non‑core office and life sciences assets with aggregate net proceeds exceeding $1.0 billion. In addition, the company issues updates on capital structure decisions, such as exchangeable senior notes offerings and Green Bond mortgage financing secured by The Hub on Causeway podium and office tower in Boston.
Investors and observers can use this news feed to follow how BXP describes its leasing performance, portfolio optimization, financing activities, and dividend actions over time. Because these items are drawn from official company announcements, they provide direct insight into management’s views on its premier workplace portfolio and strategic priorities in its core gateway markets.
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BXP (NYSE: BXP) announced the development of two fully pre-leased life sciences projects in Cambridge, Massachusetts, totaling over 800,000 square feet. The first quarter of 2023 saw a revenue increase of 6.5% to $803.2 million compared to $754.3 million in Q1 2022. However, net income dropped significantly from $143.0 million to $77.9 million, primarily due to higher depreciation and interest expenses. Funds from Operations (FFO) also decreased from $286.1 million to $272.0 million. Despite these setbacks, BXP exceeded its FFO guidance but fell short on EPS by $0.03. The company maintains a strong portfolio with about 660,000 square feet of leases executed. Guidance for Q2 2023 EPS is set at $0.59 - $0.61, with FFO projected between $1.79 - $1.81 per share.
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