BOSTON PROPERTIES LTD PARTNERSHIP: restructuring charge — BXP to sell Sumner Square in DC for $63M, recognizes $18M impairment in Q2 2026

BOSTON PROPERTIES LTD PARTNERSHIP

Gross purchase price $63M; non-refundable deposit of ~$6M already paid.
Non-cash impairment loss of ~$18M (BXP) and ~$17M (BPLP) recognized in Q2 2026.
Impairment reduces net income per diluted share by ~$0.10; no impact on Funds from Operations.
Sale is part of strategic asset sales plan outlined at September 2025 Investor Day.
Closing not guaranteed; no assurance the sale will be consummated.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

BOSTON PROPERTIES LTD PARTNERSHIP announced a impairment with charges of approximately $17 million affecting Sumner Square property (leasehold interest and improvements) at 17th and M Street, NW, Washington, DC.

Type: impairment
Charge: approximately $17 million
Affected area: Sumner Square property (leasehold interest and improvements) at 17th and M Street, NW, Washington, DC

Exact text from the filing

Because the carrying value of the Property exceeds the expected net proceeds from the contemplated sale, the Company and BPLP will recognize a non-cash impairment loss of approximately $18 million and $17 million, respectively, in the second quarter of 2026 in accordance with GAAP.

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Source: SEC EDGAR

accession 0001037540-26-000026

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