Highest-materiality recent filing
BXP Q1 EPS $0.64 beats midpoint by $0.31; occupancy up 70bp; asset sales $1.2B
Revenue $872.1M (+0.8% YoY); net income $101.6M ($0.64 EPS) versus $61.2M ($0.39) prior year.
Revenue increased 2.2% to $877.1M in Q4 2025 vs $858.6M in Q4 2024.
CEO Owen Thomas new employment agreement extends term to Dec 31, 2029 (from Dec 2026).
BXP reports Q3 2025 net loss of $122M on $871.5M revenue; FFO $1.74 beats midpoint
Revenue $871.5M (+1.4% YoY); net loss $(121.7)M ($0.77 EPS) vs profit $83.6M last year due to $1.22/share impairment charges.
BXP issues $1.0B 2% exchangeable notes due 2030; proceeds to repay 2026 notes
Issued $1.0B aggregate principal of 2.00% Exchangeable Senior Notes due October 1, 2030, including $150M option exercise.
Revenue $868.5M (+2.1% YoY); net income $89.0M, EPS $0.56 vs $0.51 YoY; both beat guidance.
BXP Q1 2025: Revenue $865M (+3.1%), EPS $0.39, FFO $1.64, leasing up 25% YoY
Revenue $865.2M (+3.1% YoY); net income $61.2M ($0.39 diluted EPS) vs $79.9M ($0.51) in Q1 2024.
BXP amends credit facility to $2.95B, adds $700M term loan, extends revolver to 2030
Revolving facility increased from $2.0B to $2.25B; maturity extended from June 2026 to March 2030.
BXP posts Q4 net loss of $230M on $341M impairment; FFO stable at $1.79
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.
BXP Q3: net income $83.6M ($0.53 EPS) vs loss $111.8M; revenue +4.2% to $859.2M
Net income $83.6M ($0.53 EPS) vs $(111.8)M ($(0.71)) YoY; FFO $286.9M ($1.81) vs $292.8M ($1.86).
BXP Q2 2024 revenue up 4.1% to $850.5M; EPS $0.51 beats guidance; raises FY2024 outlook
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).
BXP Q1 EPS $0.51 misses guidance midpoint by $0.16; cuts FY2024 guidance
Revenue $839.4M (+4.5% YoY); EPS $0.51 vs $0.50 YoY, but $0.16 below midpoint due to $0.08 impairment on Shady Grove and $0.06 higher depreciation.
BXP Q4 revenue $828.9M, EPS $0.76, FFO $1.82; guides 2024 EPS $2.26-2.46, FFO $7.00-7.20
Q4 2023 revenue $828.9M (+5% YoY); net income $119.9M ($0.76 EPS) vs $121.8M ($0.78) a year ago.
BXP Q3 revenue up 4.3% to $824M but net loss of $112M driven by $272.6M impairment on joint ventures
Revenue $824.3M (+4.3% YoY); net loss attributable $111.8M ($0.71 diluted EPS) vs net income of $361M ($2.29) in Q3 2022.
BXP Q2 2023: EPS $0.66 beats guidance, FFO $1.86, revenue up 5.6% to $817M
Net income $104.3M ($0.66 diluted EPS) vs $223.0M ($1.42) in Q2 2022; drop driven by $96.2M lower gains on sales.
BXP Q1 2023 FFO $1.73/share, revenue up 6.5%; commences two life sciences projects in Cambridge
Q1 revenue $803.2M (+6.5% YoY); net income $77.9M ($0.50 EPS) vs $143.0M ($0.91 EPS) in Q1 2022.
Q4 net income $121.8M ($0.78 diluted EPS) vs $184.5M ($1.18) YoY; revenue up 8% to $789.8M.
BXP Q3 EPS $2.29 beats mid-point by $1.54; FFO $1.91; 2023 guidance lower
Revenue $790.5M (+8.3% YoY); net income $361M ($2.29 EPS); FFO $299.8M ($1.91).
Q2 EPS $1.42, FFO $1.94 vs mid-point guidance $0.80 and $1.85 respectively; revenue $773.9M (+8% YoY).
Boston Properties Q1 EPS $0.91 beats guidance; FFO $1.82; acquires Seattle tower for ~$730M
Q1 revenue $754.3M (+6% YoY); net income $143M ($0.91 EPS) vs $91.6M ($0.59) prior year.
Boston Properties beats Q4 EPS guidance; revenue up 10% to $731M; FY2022 FFO guidance $7.30-$7.45
Q4 EPS $1.18, FFO $1.55; exceeded midpoint of guidance by $0.05; revenue $731M (+10% YoY); net income $184.5M vs $7.3M YoY.
Boston Properties Q3 EPS $0.69 (+19% YoY), FFO $1.73; guides FY22 FFO $7.25-7.45
Revenue $730.1M (+5.3% YoY); Net income $108.3M vs $89.9M in Q3 2020.
Boston Properties issues $850M 2.45% senior notes due 2033; calls $1B 3.85% notes due 2023
Issued $850M aggregate principal of 2.450% Senior Notes due 2033; net proceeds ~$842.5M.
Net income $111.7M ($0.71 EPS) vs $266.5M ($1.71) YoY; FFO $1.72/share beat mid-point guidance by $0.12.
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.
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.
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.
Max materiality 0.95 · Median 0.65 · Most common event earnings