Revenue segments as reported by the company.

Lease

Parking and other

Hotel revenue

Development and management services

Direct reimbursements of payroll and related costs from management services contracts

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Rental

Hotel

General and administrative

Depreciation and amortization

Payroll and related costs from management services contracts

Transaction costs

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Boston Properties

Boston Properties, Inc. operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H. Linde in 1970 and is headquartered in Boston, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Boston Properties (BXP) reports robust Q4 performance amidst market challenges

Boston Properties (BXP) navigated a challenging commercial real estate market in Q4 2022 with resilience, reporting strong financial performance and enhancing liquidity. Despite market uncertainties, the company's strategic focus on premier workplaces and proactive portfolio management bode well for future growth. BXP faces challenges from the current market recession but has opportunities to capitalize on leasing momentum and strategic asset management.

Boston Properties exceeds Q1 guidance, eyes growth amid market challenges

Boston Properties (BXP) showcased resilience in Q1 with strong performance and strategic focus on premier assets and diverse leasing.
While facing challenges in leasing dynamics and execution, the company remains optimistic about future leasing activity and capital availability.
By balancing financial commitments, adapting to market demands, and pursuing growth opportunities, BXP aims to navigate the evolving real estate landscape successfully.

Boston Properties (BXP) exceeds Q2 expectations, poised for strategic growth

Boston Properties (BXP) reported strong Q2 2023 performance, excelling in leasing and showcasing resilience in the premier workplace segment. While facing economic uncertainties and market challenges, BXP remains well-positioned with a focus on strategic development and opportunities for growth.

Boston Properties (BXP) reports strong Q3 performance and navigates challenges

Boston Properties (BXP) reported strong Q3 performance with leasing activity exceeding expectations and stable client demand.
Challenges include economic conditions impacting leasing and slow life sciences demand in certain markets.
Opportunities lie in capitalizing on market distress, incremental FFO from development projects, and attracting institutional partners.
Maintaining dialogue with lenders and owners for opportunities while navigating economic uncertainty and financing challenges.

Boston Properties (BXP) exceeds market expectations in Q4 2023 earnings

Boston Properties (BXP) delivered a strong performance in Q4 and Full Year 2023, surpassing market expectations and showcasing resilience in a challenging market. While facing uncertainties and lower guidance for 2024, the company remains focused on strategic capital allocation, premier workplaces, and accretive investments to drive shareholder value creation.

Boston Properties maintains stable performance amidst market challenges and opportunities

Boston Properties (BXP) delivered stable financial performance in Q1 2024, focusing on strategic leasing, development, and financial management initiatives amidst market challenges.
The company's commitment to sustainability, active pursuit of growth opportunities, and prudent financial strategies position it well for long-term success and resilience.
While facing challenges such as higher interest expenses and financing limitations, Boston Properties remains agile in navigating market dynamics and leveraging opportunities for growth and diversification.
With a strong focus on premier workplace assets, diverse leasing activities, and a strategic shift towards residential development, Boston Properties demonstrates a forward-looking approach to driving sustainable growth and value creation.

Boston Properties excels in Q3, eyes residential expansion and value creation

Boston Properties' Q3 performance showcased resilience and strong leasing activity. The company's focus on premier workplaces and strategic capital allocation positions them well in the market. Despite challenges in occupancy, BXP is pursuing growth opportunities in residential and commercial real estate sectors.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

BXP, Inc. operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H. Linde in 1970 and is headquartered in Boston, MA.

BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Douglas Linde, President, and Michael LaBelle, Chief Financial Officer, will participate in and present at the BofA Securities 2024 Global Real Estate Conference, which will be held September 10-12, 2024, at the Bank of America Tower in New York City, New York. BXP expects to begin its' presentation at approximately 11:05 AM E.

BXP to Present at the BofA Securities 2024 Global Real Estate Conference

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BXP's assets in a few select markets, diversified tenant base, strategic expansions and a solid balance sheet position bode well for future growth.

BXP Rallies 19.5% in 3 Months: Will It Continue to Rise?

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Top owners of high-quality office properties were among a batch of public real-estate investment trusts that raised nearly $2.5 billion in debt and equity in the past week.

Office REITs find an open door in the bond market

BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP) (“BXP”), the largest publicly traded developer, owner and manager of premier workplaces in the United States, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has agreed to sell $850.0 million of 5.750% senior unsecured notes due 2035 in an underwritten public offering through J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities,.

BXP Prices $850 Million Offering of Senior Unsecured Notes

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High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REITs. Seeking Alpha Premium offers a Dividend Safety grade for REITs. A grade of B- or better indicates a mere 1 in 50 risk of a dividend cut.

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BOSTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it signed an approximately 378,000 square foot lease renewal and expansion with Bain Capital at 200 Clarendon Street in Boston, Massachusetts. 200 Clarendon Street, located in the heart of Boston's Back Bay, is New England's tallest building. The 1.7 million square foot landmark premier workplace tower offers 360° views of Boston an.

Bain Capital Signs 378,000 Square Foot Renewal & Expansion at BXP's 200 Clarendon Street in Boston

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The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout to enhance flexibility.

The 'X' Factor For Public REITs

BXP, Inc. (NYSE:BXP ) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Helen Han - Vice President, Investor Relations Owen Thomas - Chairman and Chief Executive Officer Douglas Linde - President and Director Michael LaBelle - Executive Vice President, Chief Financial Officer and Treasurer Rodney Diehl - Executive Vice President, West Coast Regions Peter Otteni - Executive Vice President, Co-Head of the Washington, DC Region Jake Stroman - Executive Vice President, Co-Head of the Washington, DC Region Bryan Koop - Executive Vice President, Boston Region Hilary Spann - Executive Vice President, New York Region Conference Call Participants Nick Yulico - Scotiabank Steve Sakwa - Evercore ISI Michael Griffin - Citi John Kim - BMO Capital Markets Blaine Heck - Wells Fargo Camille Bonnel - Bank of America Connor Mitchell - Piper Sandler Caitlin Burrows - Goldman Sachs Vikram Malhotra - Mizuho Floris van Dijkum - Compass Point LLC Reny Pire - Green Street Peter Abramowitz - Jefferies Omotayo Okusanya - Deutsche Bank Upal Rana - KeyBanc Capital Markets Ronald Kamdem - Morgan Stanley Operator Good day, and thank you for standing by. Welcome to BXP's Second Quarter 2024 Earnings Conference Call.

BXP, Inc. (BXP) Q2 2024 Earnings Call Transcript

BXP's Q2 results beat estimates on better-than-anticipated revenues, aided by healthy leasing activity. It has raised the 2024 FFO per share guidance.

BXP's Q2 FFO Outpaces Estimates, Lease Revenues Rise Y/Y

BOSTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it signed approximately 1.3 million square feet of leases in the second quarter of 2024 with a weighted-average lease term of 9.0 years, bringing BXP's total leasing activity for 2024 to approximately 2.2 million square feet. Strong leasing activity was experienced across BXP's portfolio, particularly in the Boston, New York, and Wa.

BXP Inks More than 1.3 Million Square Feet of Leases in the Second Quarter of 2024

WASHINGTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that global engineering firm Bechtel signed a lease for approximately 289,000 square feet at Reston Overlook in Reston Town Center, Reston, Virginia. The lease represents a renewal and expansion for Bechtel, increasing the company's occupancy to span eleven floors in the 320,000 square foot building. Founded in 1898, Bechtel is a tru.

Engineering Firm Bechtel Expands Footprint at BXP's Reston Town Center Amidst Robust Growth

The headline numbers for Boston Properties (BXP) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Boston Properties (BXP) Q2 Earnings: A Look at Key Metrics

Boston Properties (BXP) came out with quarterly funds from operations (FFO) of $1.77 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to FFO of $1.86 per share a year ago.

Boston Properties (BXP) Beats Q2 FFO and Revenue Estimates

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 second quarter ended June 30, 2024. Financial Highlights Revenue increased 4.1% to $850.5 million for the quarter ended June 30, 2024, compared to $817.2 million for the quarter ended June 30, 2023. Net income attributable to BXP, Inc. of $79.6 million, or $0.51 per diluted share (EPS), for the quarter ended June 30,.

BXP Announces Second Quarter 2024 Results

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BXP's Q2 earnings are likely to have benefited from healthy demand for premium office and life-science assets. However, high interest rates remain a concern.

BXP Gears Up to Report Q2 Earnings: Key Factors to Consider

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REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cut cycle debuts, making them an attractive sector to become overweight. A list of 12 handpicked REITs is provided, offering a combination of high dividend yields, dividend growth, and value for potential investors.

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News for Boston Properties Stock (BXP)