secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001037540-25-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BXP reports Q3 2025 net loss of $122M on $871.5M revenue; FFO $1.74 beats midpoint
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000103754025000010/0001037540-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000103754025000010/bxp-20251028.htm
  HTML page:      https://secwatch.observer/filing/0001037540-25-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer