earnings
confidence high
sentiment neutral
materiality 0.70
BXP Q1 2025: Revenue $865M (+3.1%), EPS $0.39, FFO $1.64, leasing up 25% YoY
BXP, Inc.
2025-Q1 EPS reported
$0.39
revenue$865,215,000
- Revenue $865.2M (+3.1% YoY); net income $61.2M ($0.39 diluted EPS) vs $79.9M ($0.51) in Q1 2024.
- FFO $260.6M ($1.64/sh) vs $271.3M ($1.73/sh) YoY; CBD portfolio 89.8% occupied, 92.3% leased.
- Executed 91 leases totaling >1.1M sq ft, 25% increase over Q1 2024; weighted-average term 10.9 years.
- Completed $4.2B in financings; formed JV for 290 Coles St (670-unit residential, ~$456M total investment; BXP 19.5% equity, up to $65M preferred).
- Guidance: Q2 2025 EPS $0.38-0.40, FFO $1.65-1.67; FY2025 EPS $1.60-1.72, FFO $6.80-6.92.