secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001656423-24-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000165642324000024/0001656423-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000165642324000024/bxp-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001656423-24-000024

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