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BXP, Inc. logo

BXP, Inc.

BXP

NYSEReal EstateREIT - Office

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Previous close

$67.67

−$0.11 · -0.16%

Aug 21, 4:00 PM ET

BXP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

60

Fair Value

Momentum

44

Neutral

Sentiment

66

Bullish

Risk resilience

69

Moderate Risk

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Company profile

Company website

BXP, trading on the NYSE, is the leading publicly listed company engaged in the development and ownership of premier Class A office properties across the United States. Its operations are strategically concentrated in five major urban centers: Boston, Los Angeles, New York, San Francisco, and Washington, D.C. Structured as a Real Estate Investment Trust (REIT), the company operates as a comprehensive real estate entity, involved in the full spectrum of activities from developing and acquiring to managing and operating a diverse collection of primarily Class A office assets. Its current property holdings consist of 196 assets, collectively spanning 51.2 million square feet, which includes six properties actively undergoing construction or significant redevelopment.

Industry
REIT - Office
Sector
Real Estate
Headquarters
US
CEO
Owen David Thomas
Listed since
Jun 18, 1997
Employees
826

Market position

Day range

Current $67.67

52-week range

Current $67.67

Open
$68.105
Previous close
$67.78
Volume
1.26M
0.83× average
Average volume
1.52M
Average daily volume
Market cap
10.79B USD
Beta
1.04
Market reference 1
50-day average
$67.8564
-0.27% below average
200-day average
$63.6636
+6.29% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
26.6B USD
P/E (TTM)
36.38×
P/B (TTM)
2.09×
P/S (TTM)
3.07×
EV / EBITDA
13.72×
Earnings yield
2.58%
Free cash flow yield
6.43%
Dividend yield
4.14%

Profitability & efficiency

Gross margin
46.81%
Operating margin
35.01%
Net margin
8.44%
Return on equity
5.38%
Return on assets
1.06%
Return on invested capital
7.63%

Financial health

Debt / equity
3.17×
Current ratio
2.28×
Altman Z-score
0.53
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%45%20%-6%Gross margin, FY2021: 64.20%Gross margin, FY2022: 63.47%Gross margin, FY2023: 62.85%Gross margin, FY2024: 61.20%Gross margin, FY2025: 60.56%Operating margin, FY2021: 33.69%Operating margin, FY2022: 34.15%Operating margin, FY2023: 31.73%Operating margin, FY2024: 29.99%Operating margin, FY2025: 55.71%Net margin, FY2021: 17.49%Net margin, FY2022: 27.31%Net margin, FY2023: 5.81%Net margin, FY2024: 0.42%Net margin, FY2025: 7.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 64.20%. Gross margin FY2022 63.47%. Gross margin FY2023 62.85%. Gross margin FY2024 61.20%. Gross margin FY2025 60.56%. Operating margin FY2021 33.69%. Operating margin FY2022 34.15%. Operating margin FY2023 31.73%. Operating margin FY2024 29.99%. Operating margin FY2025 55.71%. Net margin FY2021 17.49%. Net margin FY2022 27.31%. Net margin FY2023 5.81%. Net margin FY2024 0.42%. Net margin FY2025 7.95%.

Income trends

Revenue

3.48B USD+2.19%

Operating income

1.94B USD+89.85%

Net income

276.8M USD+1839.46%
Income trends across reported periods3.83B USD2.44B USD1.05B USD−332.53M USDRevenue, FY2021: 2.89B USDRevenue, FY2022: 3.11B USDRevenue, FY2023: 3.27B USDRevenue, FY2024: 3.41B USDRevenue, FY2025: 3.48B USDOperating income, FY2021: 973.08M USDOperating income, FY2022: 1.06B USDOperating income, FY2023: 1.04B USDOperating income, FY2024: 1.02B USDOperating income, FY2025: 1.94B USDNet income, FY2021: 505.2M USDNet income, FY2022: 848.95M USDNet income, FY2023: 190.22M USDNet income, FY2024: 14.27M USDNet income, FY2025: 276.8M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.89B USD. Revenue FY2022 3.11B USD. Revenue FY2023 3.27B USD. Revenue FY2024 3.41B USD. Revenue FY2025 3.48B USD. Operating income FY2021 973.08M USD. Operating income FY2022 1.06B USD. Operating income FY2023 1.04B USD. Operating income FY2024 1.02B USD. Operating income FY2025 1.94B USD. Net income FY2021 505.2M USD. Net income FY2022 848.95M USD. Net income FY2023 190.22M USD. Net income FY2024 14.27M USD. Net income FY2025 276.8M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.48B USD3.41B USD3.27B USD3.11B USD2.89B USD
Cost of goods sold1.37B USD1.32B USD1.22B USD1.14B USD1.03B USD
Gross profit2.11B USD2.09B USD2.06B USD1.97B USD1.85B USD
Selling, general, and administrative168.79M USD176.47M USD187.93M USD161.83M USD164.06M USD
Operating expenses168.79M USD1.06B USD1.02B USD911.6M USD881.4M USD
Interest income—60.2M USD63.26M USD11.94M USD5.7M USD
Interest expense647.66M USD645.12M USD572.87M USD437.14M USD423.35M USD
Depreciation and amortization906.76M USD889.45M USD832.75M USD752.2M USD720.85M USD
Operating income1.94B USD1.02B USD1.04B USD1.06B USD973.08M USD
Net income276.8M USD14.27M USD190.22M USD848.95M USD505.2M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-32.16%
11 comparable reports
Latest EPS result
0.43
Estimate 0.4 · Beat by 6.67%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.810.64-0.52-1.69Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 28, 2025: actual -1.45, estimate 0.489, surprise -396.77%, Miss. Q2 2025, reported Apr 29, 2025: actual 0.39, estimate 0.414, surprise -5.80%, Miss. Q3 2025, reported Jul 29, 2025: actual 0.56, estimate 0.41, surprise +36.62%, Beat. Q4 2025, reported Oct 28, 2025: actual -0.77, estimate 0.51, surprise -250.98%, Miss. Q1 2026, reported Jan 27, 2026: actual 1.57, estimate 0.563, surprise +178.86%, Beat. Q2 2026, reported Apr 28, 2026: actual 0.64, estimate 0.43, surprise +48.84%, Beat. Q3 2026, reported Jul 28, 2026: actual 0.43, estimate 0.403, surprise +6.67%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 0.504, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates931.53M888.77M846.02M803.26MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 28, 2025: actual 858.57M USD, estimate 843.74M USD, surprise +1.76%, Beat. Q2 2025, reported Apr 29, 2025: actual 865.22M USD, estimate 839.09M USD, surprise +3.11%, Beat. Q3 2025, reported Jul 29, 2025: actual 868.46M USD, estimate 853.92M USD, surprise +1.70%, Beat. Q4 2025, reported Oct 28, 2025: actual 871.51M USD, estimate 854.95M USD, surprise +1.94%, Beat. Q1 2026, reported Jan 27, 2026: actual 877.1M USD, estimate 861.22M USD, surprise +1.84%, Beat. Q2 2026, reported Apr 28, 2026: actual 872.15M USD, estimate 847.22M USD, surprise +2.94%, Beat. Q3 2026, reported Jul 28, 2026: actual 895.7M USD, estimate 858.07M USD, surprise +4.38%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 882.94M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

43 ratings
Strong buy00%
Buy2558%
Hold1740%
Sell12%
Strong sell00%

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ETFs holding BXP

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
396.74M
Weight
0.54%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
356.39M
Weight
0.02%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
273.05M
Weight
0.02%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
257M
Weight
0.14%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Invesco S&P 500 Equal Weight ETF logoInvesco S&P 500 Equal Weight ETFRSP
Market value
193.33M
Weight
0.19%
AUM
100.27B USD
Expense ratio
0.20%
Price / 1D
$221.67+0.63%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
163.28M
Weight
0.24%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
135.27M
Weight
0.02%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
124.59M
Weight
0.02%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%

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