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Boston Properties (BXP)
NYSE:BXP
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -4.93%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong leasing activity, successful project deliveries, and strategic investments, indicating positive momentum in the market. However, concerns over interest rates, inflation, and impairment charges on West Coast assets present challenges, along with a slight decline expected in 2025 earnings. Despite these issues, the overall sentiment leans towards stability and growth in the long term.Company Guidance
During the fourth quarter of 2024, BXP experienced strong performance, with FFO per share aligning with forecasts and market consensus. The company completed over 2.3 million square feet of leasing, marking the highest quarterly leasing since Q2 2019 and surpassing the long-term average by 130%. Significant leasing announcements included agreements with Bain Capital, Ropes & Gray, McDermott Will & Emery, and KnitWell, contributing to a total of 5.6 million square feet leased in 2024, a 35% increase over 2023. While interest rates remain a concern, with CPI rising to 2.9% and long-term rates up by nearly 100 basis points, BXP anticipates short-term interest rates in 2025 to be lower than in 2024, potentially benefiting capital costs. The company is also developing a new office project at 725 12th Street in Washington, D.C., with a projected budget of $350 million and a development yield over 8%, expected for completion in late 2028.Record Leasing Activity
Completed over 2.3 million square feet of leasing in Q4 2024, the highest since Q2 2019, and 130% of the long-term average for Q4. Total leasing for 2024 was 5.6 million square feet, 35% greater than 2023.
Successful Developments and Deliveries
Delivered two projects ahead of schedule: a 240,000-square-foot office-to-lab conversion and a 508-unit luxury residential high-rise, both exceeding expectations in leasing and rents.
Positive Market Trends
Premier workplaces outperform broader markets with direct vacancy at 13.2% versus 18.8%. Asking rents for premier workplaces are over 50% higher than the broader market.
Strategic New Investments
Commenced new office development in Washington D.C. with a long-term pre-lease commitment, projecting an initial cash development yield of over 8%.
Favorable Development Pipeline
Executing on a significant development pipeline with seven projects aggregating approximately 2.3 million square feet and $2.1 billion of investment.
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BXP Earnings History
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
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BXP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $73.18 | $68.84 | -5.93% |
| Oct 29, 2024 | $85.05 | $81.66 | -3.99% |
| Jul 30, 2024 | $70.80 | $69.51 | -1.82% |
| Apr 30, 2024 | $59.36 | $56.83 | -4.26% |
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.
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FAQ
When does Boston Properties (BXP) report earnings?
Boston Properties (BXP) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Boston Properties (BXP) earnings time?
Boston Properties (BXP) earnings time is at May 06, 2025, TBA Not 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 (Q1) is 0.38.
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