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Boston Properties (BXP)
NYSE:BXP
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 13.82%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong performance in leasing and financing activities, and leadership in sustainability. However, the company faces challenges from federal policies, tariffs, and potential recession impacts. The Premier Workplace segment remains strong, but there are concerns in the life science sector and a decline in office sales volume.Company Guidance
During BXP's Q1 2025 earnings call, several key metrics were highlighted, reflecting the company's robust performance and strategic initiatives. BXP reported a Funds From Operations (FFO) per share that aligned with forecasts, achieving a leasing volume of over 1.1 million square feet, which marks a 25% increase from the same quarter in 2024 and a 33% increase over the past four quarters. The company completed $4.2 billion in financing activities, indicating strong market conditions and capital access. BXP's development pipeline also saw notable progress, with significant leases completed for assets like 1050 Winter Street, which is now 100% pre-leased. Additionally, the company's Premier Workplace segment outperformed the broader office market, with direct vacancy rates just over 13% compared to 19% for the broader market. The company's capital allocation activities included the commencement of a 670-unit multifamily project in Jersey City, targeting a yield on cost of over 6%, with anticipated returns in the mid-teens. Despite market volatility, BXP maintained a stable dividend and projected occupancy, revenue, and FFO growth in the upcoming years, supported by a pipeline of 4 million square feet in active negotiations.Strong Leasing Activity
BXP completed over 1.1 million square feet of leasing in Q1 2025, 25% above Q1 2024 and 35% above the 5-year seasonal average. The leasing volume over the last four quarters was 33% higher than the previous four quarters.
Significant Financing Achievements
BXP completed over $4.2 billion of financing activity, demonstrating strong access to capital and improving market conditions. They increased their revolving line of credit by $250 million and extended their $700 million term loan.
Sustainability Leadership
BXP released its 2024 sustainability and impact report, highlighting leadership and accomplishments in sustainable business practices.
Development Pipeline Progress
BXP commenced the development of the 290 Kohl's, a 670-unit market rate multifamily project. The project is expected to deliver initial units in the first half of 2028 and stabilize in the second half of 2029.
Positive Office Market Performance
The Premier Workplace segment, where BXP competes, continues to outperform with a direct vacancy of just over 13% compared to 19% for the broader market. Asking rents for Premier Workplaces are more than 50% higher than the broader market.
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
BXP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $65.12 | $63.73 | -2.13% |
Jan 28, 2025 | $72.12 | $67.84 | -5.93% |
Oct 29, 2024 | $83.82 | $80.47 | -4.00% |
Jul 30, 2024 | $69.78 | $68.51 | -1.82% |
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 Jul 29, 2025, TBA Not Confirmed.
What is Boston Properties (BXP) earnings time?
Boston Properties (BXP) earnings time is at Jul 29, 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 (Q2) is 0.39.