Linde said BXP leased about 500,000 square feet of vacant space in the fourth quarter and executed leases on 550,000 square feet tied to 2026 and 2027 expirations. For 2025, BXP executed leases totaling over 1.7 million square feet of vacant space and entered 2026 with 1.243 million square feet of signed vacant-space leases that have not yet commenced. Calendar-year 2026 expirations were reduced to 1.225 million square feet; Linde said that if BXP did no additional leasing in 2026, “our occupancy would rema ...

BXP (NYSE:BXP) Q4 2025 Earnings call January 28, 2026 10:00 AM ET Company ParticipantsAnthony Paolone - Executive DirectorBrendan Lynch - DirectorCaitlin Burrows - VPDouglas Linde - PresidentFloris van Dijkum - Managing DirectorHelen Han - VP of Investor RelationsHilary Spann - Company RepresentativeJana Galan - DirectorJohn Kim - Managing DirectorMichael LaBelle - CFOOwen Thomas - Chairman and CEORichard Anderson - Managing DirectorRodney Diehl - Company RepresentativeRonald Kamdem - Managing Director and ...

BXP (NYSE:BXP) Q4 2025 Earnings call January 28, 2026 10:00 AM ET Company ParticipantsAnthony Paolone - Executive DirectorBrendan Lynch - DirectorCaitlin Burrows - VPDouglas Linde - PresidentFloris van Dijkum - Managing DirectorHelen Han - VP of Investor RelationsHilary Spann - Company RepresentativeJana Galan - DirectorJohn Kim - Managing DirectorMichael LaBelle - CFOOwen Thomas - Chairman and CEORichard Anderson - Managing DirectorRodney Diehl - Company RepresentativeRonald Kamdem - Managing Director and ...

BXP (NYSE:BXP) Q4 2025 Earnings call January 28, 2026 10:00 AM ET Speaker16Good day, and thank you for standing by. Welcome to the Q4 2025 BXP Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press sta ...

Core Insights - Boston Properties Inc. (BXP) reported a fourth-quarter 2025 funds from operations (FFO) per share of $1.76, missing the Zacks Consensus Estimate of $1.80 and reflecting a 1.7% decline year over year [1][9] - The company's quarterly results showed improved revenues year over year, but higher expenses negatively impacted performance [1][9] Financial Performance - Quarterly lease revenues reached $809.2 million, a 1.4% increase year over year, but fell short of the Zacks Consensus Estimate of $814.7 million [2] - Total revenues increased by 2.2% from the prior-year quarter to $877.1 million [2] - For the full year 2025, BXP reported an FFO per share of $6.85, which was below the Zacks Consensus Estimate of $6.90 and down from $7.10 in the previous year [2] Revenue Breakdown - Rental revenues for the office portfolio (excluding termination income) were $810.3 million, up 1.7% year over year [3] - The hotel and residential segment reported rental revenues of $17.6 million, a 1.4% decrease year over year [3] - Consolidated rental revenues (excluding termination income) totaled $827.9 million, reflecting a 1.6% year-over-year increase [3] Operating Metrics - BXP's share of same-property net operating income (NOI) on a cash basis was $454.2 million, a 1.3% increase from the prior-year quarter [4] - The share of EBITDAre (on a cash basis) as of December 31, 2025, was $461.6 million, down 3.1% from $476.4 million a year earlier [4] - Occupancy for in-service properties increased by 70 basis points sequentially to 86.7%, but declined by 80 basis points year over year [4] Expense Analysis - Rental expenses rose by 5.1% to $339.7 million [5] - General and administrative expenses surged by 16.3% to $37.8 million [5] Portfolio Activity - BXP completed the sale of four land parcels for a gross sales price of $141.3 million and two residential projects for $407.5 million in Q4 2025 [6] - The company also disposed of non-strategic offices for a gross sales price of $341.5 million [6] - BXP acquired 2100 M Street in Washington, DC, for $55 million, with plans to redevelop it into a 320,000-square-foot premium workplace [7] Balance Sheet Position - As of the end of Q4 2025, BXP had cash and cash equivalents of $1.48 billion, an increase from $861.1 million as of September 30, 2025 [8] 2026 Guidance - BXP projects FFO per share for Q1 2026 to be in the range of $1.56-$1.58 and for the full year 2026 to be between $6.88-$7.04 [11] - The Zacks Consensus Estimate for 2026 FFO per share is currently at $7.01, which is within the guided range [11] - The company estimates a change in same-property NOI on a cash basis (excluding termination income) to be within 0.50% for 2026, with average in-service portfolio occupancy expected between 87.5%-88.5% [12]

Core Insights - Boston Properties (BXP) reported revenue of $809.15 million for the quarter ended December 2025, reflecting a year-over-year increase of 1.4% but a revenue surprise of -0.68% compared to the Zacks Consensus Estimate of $814.66 million [1] - The company's EPS was $1.56, significantly higher than the $0.49 reported in the same quarter last year, but fell short of the consensus estimate of $1.80, resulting in an EPS surprise of -13.52% [1] Financial Performance Metrics - The occupancy rate of in-service properties was reported at 86.7%, slightly exceeding the average estimate of 86.3% from three analysts [4] - Revenue from parking and other services, including insurance proceeds, was $42.88 million, surpassing the average estimate of $35.1 million from five analysts, marking a year-over-year increase of 25.9% [4] - Revenue from development and management services was $8.64 million, slightly below the average estimate of $9.04 million from five analysts, representing a year-over-year decrease of 1.6% [4] - Hotel revenue was reported at $12.46 million, which was lower than the average estimate of $13.71 million from four analysts, indicating a year-over-year decline of 5.2% [4] - The lease revenue of $809.15 million was compared to the average estimate of $814.61 million based on four analysts, showing a year-over-year increase of 1.4% [4] - The diluted net earnings per share were reported at $1.56, significantly higher than the average estimate of $0.59 from five analysts [4] Stock Performance - Over the past month, shares of Boston Properties have returned -6.1%, contrasting with a +0.4% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Boston Properties (BXP) came out with quarterly funds from operations (FFO) of $1.56 per share, missing the Zacks Consensus Estimate of $1.8 per share. This compares to FFO of $1.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -13.52%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.72 per share when it actually produced FFO of $1.74, delivering a surprise of +1.16%.Over the last four q ...

Exhibit 99.1 Supplemental Operating and Financial Data for the Quarter Ended December 31, 2025 THE COMPANY BXP, Inc. (NYSE: BXP) ("BXP" or the "Company") is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real ...

BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the fourth quarter and year ended December 31, 2025. Financial Highlights Fourth Quarter 2025: Revenue increased 2.2% to $877.1 million for the quarter ended December 31, 2025, compared to $858.6 million for the quarter ended December 31, 2024. Net income (loss) attributable to BXP, Inc. of $248.5 million, or $1.56 per d. ...

Key Takeaways BXP's premier office portfolio in select markets is generating rents as return-to-office trends drive demand.Long-term Starr lease was signed at 343 Madison Ave; In Q3 2025, BXP executed 79 leases for 1.5M sq ft.BXP's $3.9B development pipeline and $861.1M cash provide flexibility, though competition remains a concern.BXP, Inc.’s (BXP) assets in a few select markets, well-diversified tenant base, strategic expansions, prudent capital-management practices and solid balance sheet position bode w ...