Marquee-name tenants have already been signed for about half of the building's 930,000 square feet -- insurance giant Starr and law firm McDermott Will & Schulte.
Ask most investors about office REITs, and you'll hear some variation on a bear case in three parts that started in 2020. Remote work emptied buildings, then rental income cratered, and then valuations collapsed.
BXP, Inc. (BXP) Presents at BofA NY Global Real Estate Conference 2026 Transcript
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Boston Properties (BXP) reported earnings 30 days ago. What's next for the stock?
BXP's stronger leasing and discounted valuation improve its setup, but uneven rents, development costs and refinancing risks temper the upside.
BXP secures $1.2 billion for 343 Madison Avenue, cutting future equity needs while leasing and construction remain key execution hurdles.
BXP, Inc. remains a Buy as premier assets drive occupancy gains and FFO growth, with FY2026 FFO guidance raised to $6.99-$7.05 per share. Q2 2026 saw occupancy rise to 88.4%, leasing activity at 1.8 million square feet, and FFO beat guidance, though not yet establishing a new run rate. BXP's development pipeline—highlighted by 290 Binney, Reservoir Place, and 343 Madison—supports future NOI growth, funded by strategic asset sales reducing leverage.
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BXP NYSE: BXP reported second-quarter results that exceeded its guidance and consensus expectations, citing stronger leasing, rising occupancy and better-than-expected portfolio net operating income. The office landlord raised the midpoint of its full-year 2026 funds from operations guidance by $0.05 per share to a range of $6.99 to $7.05 per share.
BXP tops Q2 FFO estimates as occupancy, leasing and NOI improve and raises its full-year 2026 FFO outlook on stronger-than-expected portfolio performance.
While the top- and bottom-line numbers for Boston Properties (BXP) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.