earnings
confidence high
sentiment negative
materiality 0.75
BXP posts Q4 net loss of $230M on $341M impairment; FFO stable at $1.79
BXP, Inc.
2024-FY EPS reported
$0.09
revenue$3,407,719,000
- Q4 revenue $858.6M (+3.6% YoY); net loss $(230.0)M ($(1.45)/share) vs net income $119.9M ($0.76) in Q4 2023.
- Impairment charges of $341.3M related to Colorado Center, Gateway Commons, Safeco Plaza joint ventures.
- FFO per diluted share $1.79 (Q4 2023: $1.82); full-year 2024 FFO $7.10 vs $7.28.
- Executed 2.3M sq ft of leases in Q4, strongest quarter since Q2 2019; full year 5.6M sq ft.
- FY 2025 guidance: EPS $1.57-$1.75, FFO $6.77-$6.95; Q1 2025 EPS $0.33-$0.35, FFO $1.63-$1.65.