Boston Properties (BXP) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Boston Properties (BXP) reported revenue of $811.1 million for Q1 2025, reflecting a 2.9% increase year-over-year and a surprise of +2.56% over the Zacks Consensus Estimate of $790.85 million [1] - The company's EPS for the quarter was $1.64, compared to $0.51 in the same quarter last year, with a slight EPS surprise of -0.61% against the consensus estimate of $1.65 [1] Revenue Breakdown - Occupancy rate of in-service properties was 89.4%, exceeding the average analyst estimate of 87.4% [4] - Revenue from parking and other sources was $30.15 million, below the average estimate of $34.56 million, representing a year-over-year decline of -6.4% [4] - Hotel revenue reached $9.60 million, surpassing the average estimate of $8.81 million, with a year-over-year increase of +17.2% [4] - Revenue from development and management services was $9.78 million, exceeding the average estimate of $8.13 million, marking a significant year-over-year growth of +58.8% [4] - Lease revenue was reported at $811.10 million, compared to the average estimate of $790.82 million, indicating a year-over-year increase of +2.9% [4] Stock Performance - Over the past month, shares of Boston Properties have returned -1.4%, compared to a -0.8% 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]