secwatch.observer — SEC 8-K summary
======================================

Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001656423-23-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000165642323000037/0001656423-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000165642323000037/bxp-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001656423-23-000037

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