---
schema_version: "secwatch.filing_event.v1"
accession: "0001656423-24-000024"
form_type: "8-K"
ticker: "BXP"
cik: "0001037540"
company_name: "BXP, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T03:53:42.795862+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BXP Q1 EPS $0.51 misses guidance midpoint by $0.16; cuts FY2024 guidance

## Summary
- Revenue $839.4M (+4.5% YoY); EPS $0.51 vs $0.50 YoY, but $0.16 below midpoint due to $0.08 impairment on Shady Grove and $0.06 higher depreciation.
- FFO per share $1.73, flat YoY and in line with guidance midpoint.
- Full-year 2024 EPS guidance cut to $1.97-$2.09 (midpoint down $0.33); FFO cut to $6.98-$7.10 (midpoint down $0.06).
- Leased ~900K sq ft in Q1; CBD portfolio 91.0% occupied, 92.8% leased.
- Completed acquisition of 901 New York Ave for $10M; sold 45% of 290 Binney St to NBIM for $533.5M reduction in development spend.

## SEC filing metadata
- accession: 0001656423-24-000024
- form_type: 8-K
- ticker: BXP
- cik: 0001037540
- company_name: BXP, Inc.
- filed_at: 2024-04-30T23:59:59+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/1037540/000165642324000024/0001656423-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1037540/000165642324000024/bxp-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656423-24-000024
- JSON: https://secwatch.observer/filing/0001656423-24-000024.json
- Plain text: https://secwatch.observer/filing/0001656423-24-000024.txt

## Key facts
- Earnings Releases
  BXP, Inc. reported the first quarter ended March 31, 2024 results: revenue $839.4 million, net income $79.9 million, EPS $0.51 per diluted share. Guidance lowered.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $839.4 million
  - Net income: $79.9 million
  - EPS: $0.51 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Revenue increased 4.5% to $839.4 million for the quarter ended March 31, 2024, compared to $803.2 million for the quarter ended March 31, 2023. • Net income attributable to Boston Properties, Inc. of $79.9 million, or $0.51 per diluted share (EPS), for the quarter ended March 31, 2024, compared to $77.9 million, or $0.50 per diluted share, for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037540/000165642324000024/0001656423-24-000024-index.htm

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