secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001656423-23-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000165642323000045/0001656423-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000165642323000045/bxp-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001656423-23-000045

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