BXP, Inc. Reports Positive Q1 2025 Earnings

Boston Properties ( (BXP) ) has released its Q1 earnings. Here is a breakdown of the information Boston Properties presented to its investors.

BXP, Inc., formerly known as Boston Properties, Inc., is a leading publicly traded real estate investment trust (REIT) specializing in the development, ownership, and management of premier workplaces across six major U.S. markets, including Boston, Los Angeles, and New York. The company is recognized for its sustainable practices and superior client service.

In the first quarter of 2025, BXP reported significant financial highlights, including a net income attributable to the company of $61.2 million, a notable improvement from the previous quarter’s loss. The company also declared a quarterly dividend of $0.98 per share, maintaining a dividend yield of 5.8%.

Key financial metrics for the quarter included a funds from operations (FFO) of $260.6 million, translating to $1.64 per diluted share. The company’s revenue reached $865.2 million, with a slight increase from the previous quarter. BXP’s share of net operating income (NOI) from same properties showed a minor decrease, while cash NOI excluding termination income increased by 1.8%.

Looking ahead, BXP’s management remains focused on maximizing return on investment and maintaining its leadership in the premier workplace segment. The company aims to leverage its strengths in market penetration and sustainability to continue building market share in dynamic gateway markets.

BXP’s forward-looking guidance for 2025 reflects cautious optimism, with projected earnings per share ranging from $1.60 to $1.72 for the full year. The company plans to continue its strategic investments in high-quality buildings and sustainable development projects, aiming to enhance shareholder value through consistent growth.