BXP Q2 2023: EPS $0.66 beats guidance, FFO $1.86, revenue up 5.6% to $817M

BXP, Inc.

2023-Q2 EPS reported $1.16 revenue$1,620,353,000

Net income $104.3M ($0.66 diluted EPS) vs $223.0M ($1.42) in Q2 2022; drop driven by $96.2M lower gains on sales.
FFO $292.8M ($1.86/share) vs $304.6M ($1.94) in Q2 2022; both EPS and FFO exceeded guidance midpoints by $0.06.
Revenue +5.6% to $817.2M; executed ~938,000 SF of leases with 8.0-year weighted average term.
Opened View Boston observation deck; completed 2100 Pennsylvania Ave (91% leased) and 140 Kendrick Street (100% leased).
Issued $750M unsecured senior notes at 6.500% due 2034; entered $1.2B interest rate swaps fixing SOFR at 4.642% on term loan.

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 third quarter 2023 results: EPS $0.63 - $0.65.

Period: third quarter 2023
EPS: $0.63 - $0.65
Result: guidance update

Exact text from the filing

BXP also provided updated guidance for third quarter 2023 EPS of $0.63 - $0.65 and FFO of $1.83 - $1.85 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BXP, Inc. reported full year 2023 results: EPS $2.42 - $2.47.

Period: full year 2023
EPS: $2.42 - $2.47
Result: guidance update

Exact text from the filing

and full year 2023 EPS of $2.42 - $2.47 and FFO of $7.24 - $7.29 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BXP, Inc. reported second quarter ended June 30, 2023 results: revenue $817.2 million, net income $104.3 million, EPS $0.66.

Period: second quarter ended June 30, 2023
Revenue: $817.2 million
Net income: $104.3 million
EPS: $0.66
Result: reported results

Exact text from the filing

Financial highlights for the second quarter include: • Revenue increased 5.6% to $817.2 million for the quarter ended June 30, 2023, compared to $773.9 million for the quarter ended June 30, 2022. • Net income attributable to common shareholders of $104.3 million, or $0.66 per diluted share (EPS), for the quarter ended June 30, 2023, compared to $223.0 million, or $1.42 per diluted share, for the quarter ended June 30, 2022.

View on SEC.gov

4 earnings releases filed in the last 30 days. Browse all earnings releases →

BXP, Inc. filing history →

Source: SEC EDGAR

accession 0001656423-23-000037

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