The earnings call highlights BXP's strong financial and operational performance, with significant leasing activity, positive office market trends, and strategic capital allocations. However, some challenges remain, including occupancy declines and higher interest expenses.

Company Guidance -

Q3 2025

During the Q2 2025 earnings call, BXP provided guidance highlighting strong performance and optimistic projections for the year. The company's FFO per share exceeded forecasts by $0.05 and market consensus by $0.04, driven by improved operations. Consequently, BXP raised the midpoint of its full-year earnings guidance by $0.02 per share. Leasing activity was robust, with 1.1 million square feet leased in the quarter, totaling 2.2 million square feet for 2025, and a 5.7 million square feet leasing volume over the last four quarters, marking an 18% increase from the previous year. BXP's premier workplaces outperformed the broader market, with direct vacancy rates 38% lower and asking rents 50% higher. The real estate private equity capital markets saw office sales volume increase to $14.2 billion, up 80% from the prior quarter. Development plans for the 343 Madison Avenue project were announced, including a letter of intent with an anchor client and plans to buy out a 45% equity partner, with the project expected to deliver a stabilized cash yield of 7.5% to 8%. Overall, BXP anticipates gaining occupancy, revenue, and FFO in the coming years, supported by development deliveries and potential acquisitions.

FFO Performance Exceeds Expectations

BXP reported funds from operations (FFO) of $1.71 per share for Q2 2025, which is $0.05 above their forecast and $0.04 above market consensus.

Significant Leasing Activity

BXP completed over 1.1 million square feet of leasing in Q2 2025, bringing the total for the year to 2.2 million square feet. This is part of a larger trend of 5.7 million square feet leased over the past four quarters, an 18% increase from the previous four quarters.

Positive Return to Office Trends

Fortune 100 companies fully in the office increased from 5% to 54% over the past two years, enhancing leasing activity.

Strong Demand in Premier Office Markets

Premier Workplace leasing and capital markets continue to recover, with the premier segment outperforming the broader office market significantly.

Strategic Capital Allocation at 343 Madison Avenue

BXP is proceeding with the development of 343 Madison Avenue, with strong pre-leasing activity and a projected stabilized cash yield on cost of approximately 7.5% to 8%.

Asset Sales and Reentitlement Strategy

BXP plans to sell 10 non-income producing assets and explore sales of income-producing properties, potentially generating $600 million in net proceeds over two years.

Operational Efficiency

BXP achieved $0.01 per share savings in G&A expenses due to lower compensation and professional fees.

Boston Properties (BXP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BXP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.50 / -	0.53	―	―	―
Jul 29, 2025	2025 (Q2)	0.41 / 0.56	0.51	9.80% (+0.05)	―
Apr 29, 2025	2025 (Q1)	0.41 / 0.39	0.51	-23.53% (-0.12)
Jan 28, 2025	2024 (Q4)	0.49 / -1.45	0.76	-290.79% (-2.21)
Oct 29, 2024	2024 (Q3)	0.53 / 0.53	-0.71	174.65% (+1.24)
Jul 30, 2024	2024 (Q2)	0.47 / 0.51	0.66	-22.73% (-0.15)
Apr 30, 2024	2024 (Q1)	0.53 / 0.51	0.5	2.00% (+0.01)
Jan 30, 2024	2023 (Q4)	0.61 / 0.76	0.78	-2.56% (-0.02)	―
Nov 01, 2023	2023 (Q3)	0.67 / -0.71	2.29	-131.00% (-3.00)
Aug 01, 2023	2023 (Q2)	0.59 / 0.66	1.42	-53.52% (-0.76)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BXP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$70.43	$66.43	-5.68%
Apr 29, 2025	$64.19	$62.82	-2.13%
Jan 28, 2025	$71.09	$66.87	-5.94%
Oct 29, 2024	$82.62	$79.32	-3.99%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Boston Properties (BXP) report earnings?

Boston Properties (BXP) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).

What is Boston Properties (BXP) earnings time?

Boston Properties (BXP) earnings time is at Oct 28, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BXP EPS forecast?

BXP EPS forecast for the fiscal quarter 2025 (Q3) is 0.5.

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