earnings
confidence high
sentiment neutral
materiality 0.65
BXP reports Q3 2025 net loss of $122M on $871.5M revenue; FFO $1.74 beats midpoint
BXP, Inc.
2025-Q3 EPS reported
$0.18
revenue$2,605,182,000
- Revenue $871.5M (+1.4% YoY); net loss $(121.7)M ($0.77 EPS) vs profit $83.6M last year due to $1.22/share impairment charges.
- FFO $276.7M ($1.74 per share) exceeded guidance midpoint by $0.04; prior year FFO $286.9M ($1.81).
- Leased 1.5M sqft in Q3 (strongest Q3 since 2019, +38% YoY); portfolio occupancy 86.6% (ex-dev), 89.2% leased.
- Issued $1B 2% exchangeable notes due 2030 (upsized from $600M); net proceeds ~$940.1M.
- Full-year 2025 guidance: EPS $0.99-$1.02, FFO $6.89-$6.92 per share.