---
schema_version: "secwatch.filing_event.v1"
accession: "0001656423-23-000045"
form_type: "8-K"
ticker: "BXP"
cik: "0001037540"
company_name: "BXP, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:52:10.240596+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BXP Q3 revenue up 4.3% to $824M but net loss of $112M driven by $272.6M impairment on joint ventures

## Summary
- Revenue $824.3M (+4.3% YoY); net loss attributable $111.8M ($0.71 diluted EPS) vs net income of $361M ($2.29) in Q3 2022.
- FFO $292.8M ($1.86 per share) vs $299.8M ($1.91) in Q3 2022; FFO per share beat guidance midpoint by $0.02.
- Non-cash impairment charges of $272.6M on investments in Platform 16, Safeco Plaza, and NYC properties.
- Full year 2023 guidance: EPS $1.05-$1.07, FFO $7.25-$7.27 per diluted share.
- Executed 1.06M sq ft of leases (8.2 yr WA term); delivered two development properties; 343 Madison Avenue JV.

## SEC filing metadata
- accession: 0001656423-23-000045
- form_type: 8-K
- ticker: BXP
- cik: 0001037540
- company_name: BXP, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1037540/000165642323000045/0001656423-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1037540/000165642323000045/bxp-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656423-23-000045
- JSON: https://secwatch.observer/filing/0001656423-23-000045.json
- Plain text: https://secwatch.observer/filing/0001656423-23-000045.txt

## Key facts
- Earnings Releases
  BXP, Inc. reported third quarter ended September 30, 2023 results: revenue $824.3 million, net income $(111.8) million, or $(0.71) per diluted share, EPS $(0.71) per diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $824.3 million
  - Net income: $(111.8) million, or $(0.71) per diluted share
  - EPS: $(0.71) per diluted share
  - Result: reported results
  source text: in the United States, reported results today for the third quarter ended September 30, 2023. Financial highlights for the third quarter include: • Revenue increased 4.3% to $824.3 million for the quarter ended September 30, 2023, compared to $790.5 million for the quarter ended September 30, 2022. • Net income (loss) attributable to Boston Properties, Inc. of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037540/000165642323000045/0001656423-23-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.