BXP, Inc. (BXP) AI Stock Analysis

BXP, Inc. (formerly Boston Properties) is a publicly-traded developer and proprietor of Class A office properties in the United States. The company concentrates its portfolio in five major markets: Boston, Los Angeles, New York, San Francisco, and Washington, DC. As a fully integrated real estate investment trust, it oversees the full lifecycle of commercial properties, including development, acquisition, management, and ownership. Its operating portfolio covers 51.2 million square feet across 196 properties, serving prominent corporate tenants while pursuing additional growth through active construction and redevelopment projects.

BXP increased annual revenue from $2.89B in FY2021 to $3.48B in FY2025, reflecting a 5-year revenue compound annual growth rate of 4.7%. Revenue growth moderated to 2.2% in FY2025 from 4.1% in FY2024 and 5.3% in FY2023. Gross margin contracted slightly from 64.2% in FY2021 to 60.6% in FY2025, while operating margin reached 55.7% in FY2025. Annual net income totaled $276.8M in FY2025 with diluted earnings per share of $1.28. Over the trailing twelve months, revenue was $3.19B with a profit margin of 9.3%. For the latest quarter ended June 30, 2026, revenue increased 3.7% year-over-year, while quarterly earnings fell 23.2%.

As of June 30, 2026, BXP held $553.5M in cash and short-term investments alongside total debt of $16.36B, resulting in net debt of $15.81B. Shareholders' equity stood at $5.16B, producing a debt-to-equity ratio of 3.17 and a current ratio of 0.94. In FY2025, the trust generated $1.25B in operating cash flow and $689.7M in free cash flow. Capital allocation in FY2025 included $555.5M in capital expenditures, $643.1M paid in dividends, and $435,000 directed toward share buybacks.

At $59.20 per share, BXP has a market capitalization of $10.71B and an enterprise value of $25.82B. BXP trades at a trailing price-to-earnings ratio of 31.8x, compared to the median of 30.3x for its S&P 500 Real Estate peers. Its forward P/E of 27.3x sits below the peer group median of 30.4x. BXP trades at an EV/EBITDA of 13.0x and a price-to-sales ratio of 3.4x, lower than the peer medians of 17.6x and 7.1x, respectively. The stock fell 12.0% over the past year, trailing the S&P 500 benchmark return of 16.8%.

BXP pays a quarterly dividend with an annualized forward payout of $2.80 per share, offering a dividend yield of 4.73%. The payout ratio is 105.7%, while the 5-year annualized dividend growth rate was -3.0%. BXP has paid dividends for 30 consecutive years, and its most recent ex-dividend date was September 30, 2026.

Wall Street coverage consists of 7 Strong Buy, 5 Buy, and 10 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target is $74.50, representing 25.8% upside relative to the last close of $59.20. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $3.54B and EPS of $2.09, which implies 23.4% EPS growth. BXP beat EPS estimates in 3 of the last 4 quarters, and its next earnings report is scheduled for October 27, 2026.

This page is an AI-written research summary of BXP, Inc. (BXP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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