BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. It is a fully integrated real estate company organized as a real estate investment trust (REIT). As of June 30, 2026, including properties owned by joint ventures, its portfolio totals 51.1 million square feet across 164 properties, including six under construction or redevelopment. The portfolio comprises 143 office properties, 13 retail properties, seven residential properties (four under construction), and one hotel. BXP was incorporated in 1970 in Delaware and is based in Boston, Massachusetts.
BXP announced that its operating partnership, Boston Properties Partnership, plans to issue $700 million of 6.05% senior unsecured notes due 2036. The notes were priced at 99.837% of principal value with a 6.07% yield and are expected to mature on October 15, 2036. BXP expects to receive approximately $692.4 million in net proceeds, which will mainly be used to redeem or repay $1.0 billion of 2.75% senior notes due October 1, 2026. The company plans to use available cash and/or its revolving credit facility to cover the remaining amount needed to repay the 2026 notes in full. The offering is expected to close on August 31, 2026, subject to customary closing conditions.
BXP trims full-year EPS guidance and closes $1.20 billion construction loan for 343 Madison tower
BXP, Inc. trimmed its full-year 2026 EPS guidance due to an impairment charge and closed a US$1.20 billion construction loan to help fund the US$2 billion 343 Madison Avenue workplace tower in Midtown Manhattan. The company reported higher sales and revenue but lower quarterly net income in its second-quarter 2026 results. The slight guidance cut softens the earnings backdrop as BXP advances one of New York City's most anticipated office developments, with near-term risk centered on execution and capital intensity at 343 Madison and other large projects. The new financing is part of a broader narrative where premier CBD office and life science assets are expected to support steady cash flows despite mixed demand and higher financing costs.
BXP · Capital · Neutral Trims full-year EPS guidance due to impairment charge, but closes $1.20B construction loan for 343 Madison tower; mixed financial news.
BXP Raises 2026 FFO Guidance After Strong Q2 Leasing
BXP Inc exceeded second-quarter FFO per share guidance and consensus estimates by $0.08 and raised the midpoint of its 2026 FFO per share guidance by $0.05 to a range of $6.99 to $7.05. The company completed nearly 1.8 million square feet of leasing, 29% above its 10-year historical average for the second quarter, and increased its in-service portfolio occupancy to 88.4%, up 100 basis points from the prior quarter. BXP also raised $370 million in total net sale proceeds year-to-date, bringing the total since its last investor conference to more than $1.2 billion, and closed a $1.2 billion construction loan for its 343 Madison Avenue project at SOFR plus 250 basis points. The company raised its same-property net operating income growth assumption by 30 basis points to between 1.8% and 2.6% over 2025. Despite the positive results, BXP noted that cash same-store NOI will lag due to free rent periods and that higher leasing capital expenditures could impact adjusted FFO growth in 2026.
BXP closes $1.2 billion construction loan for 343 Madison Avenue tower
BXP has secured a $1.2 billion construction loan for its 343 Madison Avenue development in Midtown Manhattan, a key step in the $2 billion project. The 46-storey tower will offer approximately 930,000 square feet of space with direct access to Grand Central Terminal's Madison Concourse. The loan carries a four-year initial term with a one-year extension option and an initial interest rate of Term SOFR plus 2.50%, which may reduce to 2.25% upon meeting leasing and construction targets. Wells Fargo Bank served as administrative agent, with BofA Securities, The Bank of New York Mellon, and JPMorgan Chase as joint lead arrangers. About 50% of the building is pre-leased, and completion is expected in late 2029.
Boston Properties Q2 revenue rises 3.2% to $831.68 million, beats estimates
Boston Properties reported second-quarter revenue of $831.68 million, a 3.2% increase from a year earlier, surpassing the Zacks Consensus Estimate of $812.49 million. Earnings per share came in at $1.78, up from $0.56 in the same quarter last year and above the analyst consensus of $1.71. The occupancy rate for in-service properties reached 88.4%, slightly ahead of the 88% estimate. Revenue from parking and other sources was $36.49 million, hotel revenue was $14.9 million, and development and management services revenue was $7.63 million, all compared to analyst projections. The company's shares have gained 3.2% over the past month, outperforming the S&P 500's 1.7% advance.
BXP to report Q2 earnings with consensus EPS of $0.43 and revenue of $871.43M
BXP is scheduled to announce its second-quarter earnings results on Tuesday, July 28th, after market close. The consensus EPS estimate stands at $0.43, while the consensus revenue estimate is $871.43 million. Over the last three months, EPS estimates have seen one upward revision and zero downward revisions, whereas revenue estimates have seen zero upward revisions and three downward revisions.
BXP · Capital · Neutral BXP is reporting Q2 earnings; the article only provides consensus estimates and revision history, not actual results, so the impact is unclear.
BXP Signs 320K Sq.Ft. Lease With Boston Dynamics at Reservoir Place
BXP has signed a long-term lease with Boston Dynamics for approximately 320,000 square feet at Reservoir Place in Waltham, Massachusetts, marking one of the largest innovation-focused office leasing transactions in Greater Boston this year. The robotics company will consolidate manufacturing, research and development, training, and artificial intelligence functions currently spread across multiple locations into the new facility, with phased relocation beginning in mid-2027. Reservoir Place, a 530,000-square-foot building owned and operated by BXP since 1998, was chosen for its scale, flexibility, and connectivity to support Boston Dynamics' long-term growth while keeping its presence in Massachusetts. The deal reinforces demand for high-quality office space that fosters collaboration and attracts talent, and is expected to provide BXP with stable, long-term rental income while strengthening its tenant roster.
Robotics & Physical AI › Robotics AI & Embodiment Software Capital
BXP · Demand · Positive BXP signed a 320K sq ft lease with Boston Dynamics, providing stable long-term rental income and strengthening tenant roster.
Boston Dynamics · Demand · Positive Boston Dynamics is the tenant, consolidating operations into a larger facility to support growth, but the article focuses on BXP.
BXP declares regular quarterly dividend of $0.70 per share
BXP declared a regular quarterly dividend of $0.70 per share, in line with the previous payout. The dividend is payable on July 31 to shareholders of record as of June 30, with an ex-dividend date of June 30. Based on the current share price, the forward yield is 4.44%. This marks the fourth consecutive quarter that the company has announced a dividend of $0.70 per share.
BXP signs McDermott Will & Schulte to 150,000-square-foot lease at 343 Madison Avenue
BXP Inc. has signed law firm McDermott Will & Schulte to a lease for about 150,000 square feet at 343 Madison Avenue, its 930,000-square-foot office tower under construction in Midtown Manhattan. The firm will occupy floors 31 through 37 beginning in October 2029, around the time BXP plans to deliver the project. With McDermott joining existing tenant Starr, which now has about 320,000 square feet after exercising an expansion option, the building is 56% pre-leased. BXP raised its 2026 FFO guidance midpoint slightly to a range of $6.90 to $7.04 per share and has generated about $1.2 billion of net proceeds from asset sales through April 28, 2026. The company's first-quarter results showed more than 1.1 million square feet of leasing, total portfolio occupancy rose 70 basis points to 87.4%, and its leased percentage reached 90.9%.
United States