secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001656423-23-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000165642323000008/0001656423-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000165642323000008/bxp-20230131.htm
  HTML page:      https://secwatch.observer/filing/0001656423-23-000008

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