secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001656423-24-000043
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BXP Q2 2024 revenue up 4.1% to $850.5M; EPS $0.51 beats guidance; raises FY2024 outlook
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- Net income $79.6M ($0.51 EPS) vs $104.3M ($0.66) YoY; FFO $1.77 vs $1.86 per share. Revenue $850.5M (+4.1% YoY).
- Guidance raised: Q3 2024 EPS $0.54-0.56, FFO $1.80-1.82; FY 2024 EPS $2.08-2.14, FFO $7.09-7.15.
- Leased over 1.3M sq ft in 73 leases (9.0 yr avg). CBD portfolio 90.4% occupied, 92.2% leased.
- Completed 760 Boylston (118K sq ft, 100% leased to Dick's Sporting Goods). Skymark residential (508 units) partially placed in service (20% JV).
- Established $500M commercial paper program; $500M outstanding at 5.60% avg. Extended term loan to May 2025; increased credit facility to $2.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000165642324000043/0001656423-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000165642324000043/bxp-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001656423-24-000043

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