BXP, Inc. reported first quarter ended March 31, 2026 results: revenue $872.1 million, net income $101.6 million, EPS $0.64 per diluted share. Guidance raised.
“premier workplaces in the United States, reported results today for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights • Revenue increased 0.8% to $872.1 million for the quarter ended March 31, 2026, compared to $865.2 million for the quarter ended March 31, 2025. • Net income attributable to BXP, Inc. of $101.6 million, or $0.64 per”
Equity Issuances
BXP, Inc. issued 13,252,000 shares of common stock of convertible note to initial purchasers for $1.0 billion aggregate principal amount of 2.00% Exchangeable Senior Notes due 2030.
“The Notes were issued to the initial purchasers in reliance upon Section 4(a)(2) of the Securities Act in transactions not involving any public offering.”
Debt Financings
BXP, Inc. incurred convertible notes of $1.0 billion aggregate principal amount with Morgan Stanley & Co. LLC; J.P. Morgan Securities LLC; Truist Securities, Inc.; Wells Fargo Securities, LLC at 2.00% per annum maturing October 1, 2030.
“On September 29, 2025, Boston Properties Limited Partnership (the “ Partnership ”), the operating partnership of BXP, Inc. (the “ Company ”) completed the issuance and sale of $1.0 billion aggregate principal amount of the Partnership’s 2.00% Exchangeable Senior Notes due 2030 (the “ Notes ”) pursuant to the purchase agreement among the Partnership, the Company and Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as the representatives of the initial purchasers of the Notes, which included the full exercise of the option granted to the initial purchasers to purchase an additional $150,000,000 aggregate principal amount of the Notes.”
Debt Financings
BXP, Inc. amended credit facility of $700.0 million with Bank of America, N.A., as administrative agent, and certain lenders at removed the SOFR conversion adjustment of 10 basis points.
“previously applicable to Closing Date Term Loans (as defined in the Credit Agreement), of which, as of the date of the Amendment, the Company had outstanding borrowings of $700.0 million in principal amount. Other than the foregoing, the material terms of the Credit Agreement remain unchanged. BofA Securities, Inc., as a bank and a fronting bank, JPMorgan Chase”
Debt Financings
BXP, Inc. incurred term loan of $700.0 million with Bank of America, N.A. at Term SOFR, Daily Simple SOFR or Base Rate plus margin based on credit rating ran maturing March 30, 2029.
“At closing on March 28, 2025, the Company drew the full $700.0 million of the Term Loan Facility under the 2025 Credit Facility”
Debt Financings
BXP, Inc. amended revolving credit of $2.250 billion with Bank of America, N.A. at Term SOFR, Daily Simple SOFR or Base Rate plus margin based on credit rating ran maturing March 29, 2030.
“conditions. Among other things, the amendment and restatement (1) increased the total commitment of the revolving line of credit (the “Revolving Facility”) from $2.0 billion to $2.250 billion, (2) extended the maturity date of the Revolving Facility from June 15, 2026 to March 29, 2030, and (3) added a $700.0 million unsecured term loan facility (the “Term Loan”
Earnings Releases
BXP, Inc. reported the first quarter ended March 31, 2024 results: revenue $839.4 million, net income $79.9 million, EPS $0.51 per diluted share. Guidance lowered.
“Revenue increased 4.5% to $839.4 million for the quarter ended March 31, 2024, compared to $803.2 million for the quarter ended March 31, 2023. • Net income attributable to Boston Properties, Inc. of $79.9 million, or $0.51 per diluted share (EPS), for the quarter ended March 31, 2024, compared to $77.9 million, or $0.50 per diluted share, for the quarter ended March 31, 2023.”
Earnings Releases
BXP, Inc. reported the quarter ended December 31, 2023 results: revenue $828.9 million, net income $119.9 million, EPS $0.76 per diluted share. Guidance initiated.
“Revenue increased 5.0% to $828.9 million for the quarter ended December 31, 2023, compared to $789.8 million for the quarter ended December 31, 2022. • Net income attributable to Boston Properties, Inc. of $119.9 million, or $0.76 per diluted share (EPS), for the quarter ended December 31, 2023, compared to $121.8 million, or $0.78 per diluted share, for the quarter ended December 31, 2022.”
Earnings Releases
BXP, Inc. reported third quarter ended September 30, 2023 results: revenue $824.3 million, net income $(111.8) million, or $(0.71) per diluted share, EPS $(0.71) per diluted share.
“in the United States, reported results today for the third quarter ended September 30, 2023. Financial highlights for the third quarter include: • Revenue increased 4.3% to $824.3 million for the quarter ended September 30, 2023, compared to $790.5 million for the quarter ended September 30, 2022. • Net income (loss) attributable to Boston Properties, Inc. of”
Debt Financings
BXP, Inc. amended revolving credit of $315.0 million increase, maximum borrowing amount increased from $1.5 billion to $1.815 billion with M&T Bank, Sumitomo Mitsui Banking Corporation and Banco Bilbao Vizcaya Argentaria, S.A. at unchanged maturing unchanged.
“On September 28, 2023, the Company exercised a portion of the Accordion with M&T Bank, Sumitomo Mitsui Banking Corporation and Banco Bilbao Vizcaya Argentaria, S.A., as new lenders and documentation agents under the Credit Agreement ("New Lenders"). Each of the New Lenders entered into a lender joinder agreement with the Company to provide an aggregate of $315.0 million in additional revolving credit commitments, which increased the current maximum borrowing amount under the Credit Agreement from $1.5 billion to $1.815 billion. All other terms of the Credit Agreement remain unchanged.”
Earnings Releases
BXP, Inc. reported full year 2023 results: EPS $2.42 - $2.47.
“and full year 2023 EPS of $2.42 - $2.47 and FFO of $7.24 - $7.29 per diluted share”
Earnings Releases
BXP, Inc. reported third quarter 2023 results: EPS $0.63 - $0.65.
“BXP also provided updated guidance for third quarter 2023 EPS of $0.63 - $0.65 and FFO of $1.83 - $1.85 per diluted share”
Earnings Releases
BXP, Inc. reported second quarter ended June 30, 2023 results: revenue $817.2 million, net income $104.3 million, EPS $0.66.
“Financial highlights for the second quarter include: • Revenue increased 5.6% to $817.2 million for the quarter ended June 30, 2023, compared to $773.9 million for the quarter ended June 30, 2022. • Net income attributable to common shareholders of $104.3 million, or $0.66 per diluted share (EPS), for the quarter ended June 30, 2023, compared to $223.0 million, or $1.42 per diluted share, for the quarter ended June 30, 2022.”
Debt Financings
BXP, Inc. amended credit facility with Bank of America, N.A., as administrative agent, and certain lenders at SOFR-based daily floating rate option with a credit spread adjustment of 0.10%.
“the Amendment replaced the London interbank offered rate-based daily floating rate option with a Secured Overnight Financing Rate ("SOFR")-based daily floating rate option and added options for SOFR-based term floating rates and rates for alternative currency loans. In addition, the Amendment added a SOFR credit spread adjustment of 0.10%.”
Shareholder Votes
BXP, Inc. shareholders approved Ratification of Appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm at the 2023-05-23 meeting.
“Proposal 4 - Ratification of Appointment of PWC For Against Abstain Broker Non-Votes 138,013,696 6,213,179 83,706 0”
Shareholder Votes
BXP, Inc. shareholders approved Non-binding, advisory vote on frequency of holding the advisory vote on named executive officer compensation at the 2023-05-23 meeting.
“Proposal 3 - Non-binding, Advisory Vote on Frequency of Holding the Non-binding, Advisory Vote on Named Executive Officer Compensation One Year Two Years Three Years Abstain Broker Non-Votes 135,236,723 24,399 3,109,085 726,854 5,213,520”
Shareholder Votes
BXP, Inc. shareholders approved Non-binding, advisory vote on named executive officer compensation at the 2023-05-23 meeting.
“Proposal 2 - Non-binding, Advisory Vote on Named Executive Officer Compensation For Against Abstain Broker Non-Votes 123,768,210 14,503,681 825,170 5,213,520”
Shareholder Votes
BXP, Inc. shareholders approved Election of Directors at the 2023-05-23 meeting.
“Proposal 1 - Election of Directors For Against Abstain Broker Non-Votes Kelly A. Ayotte 127,535,365 10,841,866 719,830 5,213,520 Bruce W. Duncan 135,137,654 3,239,154 720,253 5,213,520 Carol B. Einiger 131,241,226 7,139,424 716,411 5,213,520 Diane J. Hoskins 135,217,885 3,162,860 716,316 5,213,520 Mary E. Kipp 136,694,686 1,650,179 752,196 5,213,520 Joel I. Klein 125,045,658 13,331,316 720,087 5,213,520 Douglas T. Linde 136,361,114 2,012,864 723,083 5,213,520 Matthew J. Lustig 124,407,412 13,965,337 724,312 5,213,520 Owen D. Thomas 112,560,986 18,328,354 8,207,721 5,213,520 William H. Walton, III 137,100,946 1,272,901 723,214 5,213,520 Derek Anthony (Tony) West 137,669,762 702,686 724,613 5,213,520”
Earnings Releases
BXP, Inc. reported first quarter ended March 31, 2023 results: revenue $803.2 million, net income $77.9 million, EPS $0.50 per diluted share (EPS).
“Financial highlights for the first quarter include: • Revenue increased 6.5% to $803.2 million for the quarter ended March 31, 2023, as compared to $754.3 million for the quarter ended March 31, 2022. • Net income attributable to common shareholders of $77.9 million, or $0.50 per diluted share (EPS), for the quarter ended March 31, 2023”
Raymond A. Ritchey changed role as Senior Executive Vice President at BXP, Inc..
“On February 28, 2023 , Boston Properties, Inc. (the “Company”) entered into a Second Amended and Restated Employment Agreement with Raymond A. Ritchey (the “Agreement”) pursuant to which Mr. Ritchey will continue to serve as Senior Executive Vice President through December 31, 2023.”
Earnings Releases
BXP, Inc. reported the fourth quarter and full year ended December 31, 2022 results: revenue $789.8 million, net income $121.8 million, or $0.78 per diluted share, EPS $0.78 per diluted share.
“States, reported results today for the fourth quarter and full year ended December 31, 2022. Financial highlights for the fourth quarter include: • Revenue increased 8.0% to $789.8 million for the quarter ended December 31, 2022, as compared to $731.1 million for the quarter ended December 31, 2021. • Net income attributable to common shareholders of $121.8”
Mary E. Kipp was appointed as director at BXP, Inc..
“On December 20, 2021, the Board appointed Mary E. Kipp as a director of the Company to fill the vacancy created by the resignation of Ms. Dykstra.”
Karen E. Dykstra resigned as director at BXP, Inc..
“On December 16, 2021, Karen E. Dykstra resigned as a director of Boston Properties, Inc. (the “Company”), the sole general partner of Boston Properties Limited Partnership (the “Operating Partnership”), effective as of 5:00 p.m. on December 20, 2021, to devote more time to her other business interests.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.