Overview
U.S. workplace developer's Q4 revenue rose 2.2%, beating analyst expectations
EPS for Q4 exceeded estimates, driven by gains from property sales
FFO per share for Q4 missed expectations due to non-cash rent reserves and higher G&A costs
Outlook
BXP projects Q1 2026 EPS of $0.32 - $0.34 and FFO of $1.56 - $1.58
Company expects full-year 2026 EPS of $2.08 - $2.29 and FFO of $6.88 - $7.04
Result Drivers
LEASING ACTIVITY - Executed over 1.8 mln SF of leases in Q4, boosted occupancy by 70 basis points
ASSET SALES - Gains from property sales drove EPS above midpoint of BXP’s guidance, contributing $0.74 per share
FFO IMPACT - FFO affected by non-cash rent reserves and higher G&A costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $877.10 mln | $864.66 mln (8 Analysts) |
Q4 EPS | Beat | $1.56 | $0.57 (6 Analysts) |
Q4 Net Income | Beat | $248.50 mln | $87.66 mln (8 Analysts) |
Q4 FFO | $280.20 mln | ||
Q4 FFO Per Share | Miss | $1.76 | $1.80 (17 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for BXP Inc is $77.50, about 18.8% above its January 27 closing price of $65.22
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 36 three months ago
Press Release: ID:nBw6T5zVLa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)