BXP, IncNYSE: BXP
Real Estate · Office REITs
$59.30
+1.44%
Vol: 1.1M
Research Digest
Friday, May 1, 2026
BXP beats Q1 guidance; FFO $1.59 and occupancy rises 70 basis points
BXP exceeded Q1 guidance with FFO $1.59 per share. Executed 1.1M+ SF of leases and raised portfolio occupancy by 70bps. Raised full-year FFO guidance to $6.90-$7.04. Generated $1.2B aggregate net proceeds from completed asset sales. AI/tech leasing increased to almost 80% in Q1 2026. Released 2025 Sustainability Report. Stock fell 3.48% AH but up 1.42% pre-market. Analyst target $73.67 (Moderate Buy consensus).
Previous Market Intelligence
13 daysApr 30Boston Properties beats Q1 FFO expectations, raises FY guidance on strong leasingPositive▶
Boston Properties reported Q1 2026 FFO of $1.59/share, beating FactSet estimate of $1.58, and raised full-year FFO guidance to $6.90-7.04. Company executed 1.1M+ sq ft leases, achieved 89.9% CBD portfolio occupancy, and generated $1.2B in asset sale proceeds to date.
Apr 16BXP reports strong Q4 2025 leasing momentum with 1.8 million sq ft completed; Q1 2026 earnings April 28Mixed▶
Boston Properties announced strong progress on its multi-year business plan, completing more than 1.8 million square feet of leasing in Q4 2025 with a weighted average lease term of 10.1 years, bringing occupancy to 86.7% (89.4% leased). Major leases include Dropbox, Decagon, and Swinerton at San Francisco properties, with 50 Hawthorne reaching full occupancy and 680 Folsom topping 90% leased. However, Q4 FFO of $1.76 per share missed analyst expectations of $1.80, though revenue was $877.1 million, up 2.2% YoY. BXP is set to report Q1 2026 results on April 28, with analysts expecting FFO of $1.58 per share.
Apr 15Q1 2026 earnings scheduled for April 28 amid strong leasing at flagship properties boosting occupancy above 90%.Mixed▶
BXP announced its Q1 2026 financial results will be released on April 28, 2026, with a conference call April 29. Strong leasing activity at 360 Park Avenue South has pushed occupancy above 90%. Evercore ISI lowered its target to $60 from $67 on April 2. The company remains positioned for FFO growth inflection in H2 2026.
Apr 14Boston Properties reports strong Q1 leasing activity at 360 Park Avenue South exceeding 90% occupancy ahead of April 28 earnings.Positive▶
Boston Properties will release Q1 2026 financial results on April 28 with conference call April 29 at 10:00 a.m. ET. Strong leasing activity at 360 Park Avenue South boosting occupancy above 90%. Multiple analysts lowered price targets: Evercore ISI to $60, Piper Sandler to $75, JPMorgan to $79. Analyst consensus Buy with $73.58 average target (37.76% upside).
Apr 13BXP to release Q1 2026 results April 28 with strong leasing activity at flagship properties.Positive▶
BXP announced Q1 2026 financial results release on April 28 with conference call April 29. The company is experiencing strong leasing activity at 360 Park Avenue South with occupancy above 90%. 19 analysts rate BXP as Buy with average target of $73.58.
Apr 10BXP released strong Q4 2025 leasing results (5.5M sq ft for full year); Q1 2026 earnings on April 28 with improving occupancy.Positive▶
BXP delivered solid Q4 2025 with 1.8M sq ft of leases and 5.5M for the full year, driving portfolio occupancy to 86.7%. Notable leases include 230,000+ sq ft at 360 Park Avenue South and 234,000 sq ft with Sidley Austin. Q1 2026 results due April 28. Declared quarterly dividend of $0.70 per share. FFO growth inflection expected in H2 2026.
Apr 9BXP reports strong Q4 2025 leasing activity with improved occupancy ratesPositive▶
Boston Properties executed over 1.8 million square feet of leases in Q4 2025 with portfolio occupancy reaching 86.7%. The company is targeting 89% occupied by end of 2026, showing strong leasing momentum. BXP targets 91% occupied by 2027. Q1 2026 earnings expected April 28. Strong market sentiment with 19 analysts giving Buy rating and $73.58 price target.
Apr 8Boston Properties completed over 230,000 sq ft of new leases at 360 Park Avenue South with 86.7% occupancyPositive▶
BXP Inc., a REIT focused on premier workplaces in gateway markets, reported strong leasing momentum in Q4 2025 with over 1.8M sq ft completed and occupancy rising to 86.7%. Recent transactions brought 360 Park Ave to over 90% leased. Board declared $0.70 quarterly dividend on March 18, 2026 with Q1 2026 results due April 28.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6BXP Q4 2025 strong leasing; targets 89% occupancy by end of 2026.Positive▶
BXP reported Q4 2025 leasing with more than 1.8M SF leased at 10.1-year weighted average term, raising occupancy to 86.7%. Targets 89% occupied by end of 2026, 91% by 2027. Dividend $0.70/share declared.
Apr 3JPMorgan cuts BXP price target from $82 to $79 on April 2, signaling caution on Boston Properties outlook.Negative▶
JPMorgan Chase lowered its BXP price target from $82 to $79 on April 2, 2026. The company declared a quarterly dividend of $0.70 (payable April 30). Q4 2025 occupancy improved to 86.7%, up 70 bps. Earnings scheduled for April 29.
Apr 2JPMorgan cuts BXP price target to $79 on April 2, citing office sector structural headwinds despite strong Q4 occupancy gains.Mixed▶
BXP reported Q4 occupancy of 86.7%, up 70 basis points from Q3, and continues multi-year business plan focused on premier workplace optimization. However, JPMorgan Chase reduced price target from $82 to $79 while maintaining overweight rating, citing structural concerns in the office sector. Company shows mixed 2026 guidance with FFO of $6.88-$7.04 per share.
Apr 1BXP increases Q4 portfolio occupancy by 70bp to 86.7%; strong leasing supports multi-year FFO growth plan.Mixed▶
BXP reported Q4 2025 occupancy increase of 70bps to 86.7% and strong leasing of 1.8M+ sq ft in Q4 for total 2025 leasing of 5.5M sq ft. Persistent office market concerns weigh on valuation.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| BXPBXP | $59.30 | +1.44% | +12.6% | 28.0x | 1.05 | $10.4B |
| AREALEXANDRIA | $41.54 | +2.54% | -5.9% | -506.4x | 1.34 | $7.1B |
| WELLWELLTOWER | $217.35 | +0.00% | +8.2% | 66.1x | — | $153.2B |
| PLDPROLOGIS | $141.40 | -0.43% | +7.3% | 41.8x | 1.41 | $132.4B |
| EQIXEQUINIX | $1,082.36 | -0.04% | +6.6% | 49.5x | 1.00 | $106.8B |
| AMTAMERICAN | $181.72 | -0.54% | +3.7% | 26.4x | 0.93 | $85.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.