BXP Inc (BXP)

In the past six months, BXP's stock has seen a gain of 12.52%. Key events impacting the stock price include earnings announcements, with BXP reporting its Q2 2025 earnings on July 29th, where it generated $1.71 in funds from operations (FFO), beating estimates. The company is scheduled to release its Q3 2025 financial results on October 28, 2025. BXP also announced the pricing of an upsized offering of $850.0 million exchangeable senior notes due 2030 in September 2025, and the closing of $465 million financing for The Hub on Causeway in October 2025. Analyst ratings and price targets have also influenced the stock, with a JP Morgan upgrade in October 2025 and Jefferies maintaining a "Buy" recommendation. Conversely, some analysts have lowered price targets or ratings, such as Scotiabank lowering its target to $77.00 in August 2025 and Compass Point lowering its rating to "Neutral" in September 2025. The company's FFO guidance for full-year 2025 was narrowed to $6.80 to $6.92 per share. Concerns about low occupancy rates, which stood at 86.4% in Q2 2025, have also been noted as potentially unsettling investor confidence.

BXP's business experiences demand seasonality. The third quarter is typically seasonally lower in Funds From Operations (FFO) due to higher utility expenses. Conversely, the fourth quarter is projected to be stronger, benefiting from lower operating expenses and a more significant impact from occupancy gains. Historically, a monthly seasonality trading strategy for BXP has shown strong performance in July and December. Leasing volumes are also influenced by corporate earnings growth, with BXP's leasing activity showing a significant increase in early 2024 as S&P 500 earnings growth improved.

BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, operating as a fully integrated real estate investment trust (REIT). The company focuses on Class A office properties in urban centers and business districts, catering to high-profile tenants. BXP has expanded its portfolio to include mixed-use developments and a significant presence in the life sciences sector. The company generates revenue through rental income, property sales, and development fees.

BXP's geographic footprint is concentrated in six dynamic gateway markets across the United States: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C.. As of June 30, 2025, BXP's portfolio comprised 186 properties, including ten under construction or redevelopment, totaling 53.7 million square feet. As of December 31, 2023, the company owned or had interests in 188 commercial real estate properties, aggregating approximately 53.3 million net rentable square feet.

BXP maintains a strong brand reputation, particularly in sustainability and industry leadership. In the past year, BXP released its 2024 Sustainability & Impact Report, highlighting achievements such as carbon-neutral operations for greenhouse gas emissions scopes 1 and 2, and adopting new 2030 energy and water intensity targets. The company has received numerous accolades, including being named an ENERGY STAR Partner of the Year - Sustained Excellence Award winner, a Best in Building Health winner by the Center for Active Design, an inaugural Platinum-level Green Lease Leader, and a recipient of Nareit's prestigious Leader in the Light Award and Sustainability Impact Award. BXP was also recognized on Newsweek's Most Responsible Companies List. These recognitions underscore BXP's commitment to environmental sustainability and responsible business practices.

Institutional investors hold a significant majority of BXP's stock, with 98.72% held by institutions. Major institutional investors have recently increased their stakes, including Sumitomo Mitsui Trust Group Inc. acquiring an additional 13,247 shares in the second quarter of 2025, bringing their total to 807,422 shares. Asset Management One Co. Ltd. also increased its holdings by 1.5% in the second quarter, owning 291,875 shares. Truist Financial Corp also lifted its holdings in BXP by 1.2% in the second quarter. Blackstone's private wealth products, including BXP, raised $2.1 billion in the third quarter of 2025.