earnings
confidence high
sentiment positive
materiality 0.75
BXP Q3: net income $83.6M ($0.53 EPS) vs loss $111.8M; revenue +4.2% to $859.2M
BXP, Inc.
2024-Q3 EPS reported
$1.54
revenue$2,549,148,000
- Net income $83.6M ($0.53 EPS) vs $(111.8)M ($(0.71)) YoY; FFO $286.9M ($1.81) vs $292.8M ($1.86).
- Leased 1.1M sq ft in Q3; 3.3M YTD (+25% YoY). CBD occupancy 90.1% occupied, 92.1% leased.
- Full-year 2024 guidance: EPS $2.05-$2.07, FFO $7.09-$7.11; FFO midpoint unchanged.
- Completed $850M 5.75% senior notes due 2035, net proceeds $841.9M.
- Modified Santa Monica loan to $200M, extended maturity to 2028; new $100M term loan.