secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001656423-21-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Properties reports Q2 2021 EPS $0.71, FFO $1.72; expands into Seattle, life sciences, NYC Midtown South
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- Net income $111.7M ($0.71 EPS) vs $266.5M ($1.71) YoY; FFO $1.72/share beat mid-point guidance by $0.12.
- Signed ~1.2M sq ft of leases in Q2 (more than double Q1) with 7.5-year weighted-average term.
- Acquired Safeco Plaza (Seattle) for $465M (51% JV), 360 Park Ave South (NYC) for $300M, lab assets in Rockville ($116.5M) and Waltham ($100M).
- Sold Lexington, MA complex for $191.5M; launched $1B equity co-investment program with CPP Investments and GIC for future acquisitions.
- Q3 2021 guidance: EPS $1.28-$1.30, FFO $1.68-$1.70 per diluted share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000165642321000021/0001656423-21-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000165642321000021/bxp-20210727.htm
  HTML page:      https://secwatch.observer/filing/0001656423-21-000021

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