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

Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001656423-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BXP Q4 revenue $828.9M, EPS $0.76, FFO $1.82; guides 2024 EPS $2.26-2.46, FFO $7.00-7.20
--------------------------------------------------------------------------------

- Q4 2023 revenue $828.9M (+5% YoY); net income $119.9M ($0.76 EPS) vs $121.8M ($0.78) a year ago.
- Full year 2023 net income $190.2M ($1.21 EPS) vs $848.9M ($5.40); FFO $1.1B ($7.28) vs $1.2B ($7.53).
- Guidance: Q1 2024 EPS $0.66-0.68, FFO $1.72-1.74; full year 2024 EPS $2.26-2.46, FFO $7.00-7.20.
- Leased 1.5M sqft in Q4, 4.2M in 2023; sold 45% stake in two life sciences projects to NBIM at ~$1.66B valuation.
- Closed $600M mortgage loan (6.04% all-in); acquired partner interests in Santa Monica, 360 Park Ave S, and 901 New York Ave.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000165642324000003/0001656423-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000165642324000003/bxp-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001656423-24-000003

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