Core Insights - Wall Street analysts forecast Boston Properties (BXP) will report quarterly earnings of $1.79 per share, reflecting a year-over-year decline of 1.7% and revenues of $795.32 million, which is an increase of 3.4% compared to the previous year [1] Earnings Estimates - The consensus EPS estimate for the quarter has been adjusted upward by 0.2% over the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Revenue Estimates - Analysts estimate 'Revenue- Parking and other (including insurance proceeds)' at $35.46 million, indicating a year-over-year change of +12.6% [5] - 'Revenue- Hotel revenue' is expected to reach $13.24 million, reflecting a +12.2% change from the year-ago quarter [5] - 'Revenue- Development and management services' is predicted at $6.71 million, showing a significant decline of -47.3% from the prior-year quarter [6] - 'Revenue- Lease' is estimated to be $794.51 million, indicating a +3.3% change from the previous year [6] Depreciation and Amortization - Analysts predict 'Depreciation and amortization' will reach $201.50 million, down from $212.07 million reported in the same quarter of the previous year [7] Stock Performance - Boston Properties shares have decreased by -4.5% in the past month, contrasting with the Zacks S&P 500 composite's +2.7% performance, and the company holds a Zacks Rank 3 (Hold) [8]

Lease Renewals and Expansions - BXP Inc secured a long-term lease renewal and expansion with Knitwell Group at 7 Times Square in New York City, covering 246,000 square feet over 20 years, including 191,000 square feet renewal and 55,000 square feet expansion [1][3] - The company also renewed a long-term lease with Ropes & Gray, Boston's largest law firm, at the Prudential Tower in Boston, MA [1] - These renewals and expansions reflect tenant confidence in BXP's services and commitment, highlighting the demand for quality office spaces to retain top talent [2] Demand Recovery and Leasing Activity - BXP is experiencing a recovery in demand driven by return-to-office policies, low unemployment, and consistent job growth, particularly for its strategically located, high-quality office properties [5] - In Q3 2024, the company executed 74 leases totaling 1.1 million square feet with a weighted average lease term of 7.2 years [6] - Total leasing activity in the first three quarters of 2024 reached 3.3 million square feet, a 25% increase compared to the same period in 2023 [6] - As of Sept 30, 2024, BXP has 2.7 million square feet of leases in its pipeline, positioning it well to navigate the current market environment [6] Market Position and Growth Prospects - BXP's high-quality office portfolio, strong tenant roster, strategic capital allocation, and healthy balance sheet support its growth prospects [7] - The company is converting office buildings to laboratory spaces to capitalize on strong demand for life-science assets [7] - However, elevated supply of office properties in some markets may increase competition and pressure pricing power [8] Stock Performance and Analyst Sentiment - Over the past six months, BXP's shares have risen 1.4%, outperforming the industry's decline of 6.3% [8] - Analysts are bullish on BXP, with the Zacks Consensus Estimate for 2025 FFO per share revised upward to $7.13 [8] Broader REIT Sector - OUTFRONT Media (OUT) and Cousins Properties (CUZ) are better-ranked stocks in the REIT sector, with Zacks Rank 1 (Strong Buy) and 2 (Buy), respectively [9] - The Zacks Consensus Estimate for OUTFRONT Media's 2025 FFO per share has been raised by 2.8% to $1.86 over the past two months [9] - The Zacks Consensus Estimate for Cousins Properties' 2025 FFO per share has been revised upward to $2.74 over the past month [10]

Group 1 - The article emphasizes the importance of being selective when investing in the REIT sector due to the lack of significant business moat advantages [1] - It highlights the competitive nature of the market, particularly from new construction, which poses challenges for existing REITs [1] Group 2 - The article does not provide specific financial data or performance metrics related to the REITs discussed [2]

BXP, Inc. (BXP) recently announced that on Dec. 27, 2024, it acquired 725 12th Street property encompassing 300,000 square-feet of space in Washington, DC, for a gross purchase price of $34 million.BXP plans to undertake the demolition and redevelopment of the property, transforming it into a premier workplace of approximately 320,000 square feet.Located in the Central Business District of Washington, DC, this 12-story building is three blocks away from the White House and in close proximity to Metro Center ...

I am pretty selective when it comes to real estate exposure in my portfolio ever since the pandemic. When businesses shut down in 2020, it exposed a real weakness in a lot of different REITs thatFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality dividend stock ...

BXP Inc. (BXP) recently announced that it has secured a long-term lease renewal with Ropes & Gray at the Prudential Tower in Boston, MA. The lease, spanning around 413,000 square feet through 2041, showcases Boston’s largest law firm’s confidence in BXP. The client has been an eminent name in Boston’s legal framework since its inception 160 years ago.Given tenants’ growing preference for quality office spaces to attract top talent, BXP’s Prudential Tower has been an ideal office occupier for many leading co ...

Shares of BXP Inc. (BXP) have rallied 24.8% in the past six months, outperforming the industry's 11.2% growth.In October 2024, BXP reported third-quarter funds from operations (FFO) per share of $1.81, in line with the Zacks Consensus Estimate. However, the reported figure declined 2.7% year over year.BXP’s quarterly results reflected better-than-anticipated revenues due to healthy leasing activity. However, higher interest expenses during the quarter acted as a dampener. Image Source: Zacks Investment Rese ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13087 (BXP, Inc.) Commission File Number: 0-50209 (Boston Properties Limited Partnership) BXP, INC. | --- | --- | --- ...

BXP, Inc. (NYSE:BXP) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Helen Han - VP, IR Owen Thomas - Chairman and CEO Douglas Linde - President and Director Michael LaBelle - EVP and CFO Rodney Diehl - EVP, West Coast Regions Jake Stroman - EVP, Co-Head of the Washington, DC Region Hilary Spann - EVP, New York Region Conference Call Participants Nick Yulico - Scotiabank Steve Sakwa - Evercore ISI John Kim - BMO Capital Markets Jeffrey Spector - Bank of America Securities ...

Boston Properties (BXP) reported third-quarter 2024 funds from operations (FFO) per share of $1.81, in line with the Zacks Consensus Estimate. However, the reported figure declined 2.7% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. BXP's quarterly results reflect better-than-anticipated revenues due to healthy leasing activity. However, higher interest expenses during the quarter acted as a dampener. The company revised its guidance for 2024 FFO per share. Quarter ...