BXP Q4 EPS $0.78 misses guidance, FFO $1.86 beats; full year 2023 FFO guidance midpoint lowered by $0.09

BXP, Inc.

2022-FY EPS reported $5.40 revenue$3,108,581,000

Q4 net income $121.8M ($0.78 diluted EPS) vs $184.5M ($1.18) YoY; revenue up 8% to $789.8M.
Q4 FFO per diluted share $1.86, up from $1.55 YoY; exceeded guidance midpoint by $0.01.
Q4 EPS missed midpoint by $0.16 mainly due to $0.29 impairment on Dock 72 (50% interest).
Full year 2023 FFO guidance midpoint $7.13, down $0.09 from prior; Q1 FFO guidance $1.66-$1.68.
Occupancy 88.6%, down 30bps due to in-service placements; 1.1M sf leased in Q4, 5.7M sf in 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BXP, Inc. reported the fourth quarter and full year ended December 31, 2022 results: revenue $789.8 million, net income $121.8 million, or $0.78 per diluted share, EPS $0.78 per diluted share.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: $789.8 million
Net income: $121.8 million, or $0.78 per diluted share
EPS: $0.78 per diluted share
Result: reported results

Exact text from the filing

States, reported results today for the fourth quarter and full year ended December 31, 2022. Financial highlights for the fourth quarter include: • Revenue increased 8.0% to $789.8 million for the quarter ended December 31, 2022, as compared to $731.1 million for the quarter ended December 31, 2021. • Net income attributable to common shareholders of $121.8

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BXP, Inc. filing history →

Source: SEC EDGAR

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