BXP, Inc. BXP
BXP, trading on the NYSE, is the leading publicly listed company engaged in the development and ownership of premier Class A office properties across the United States. Its operations are strategically concentrated in five major urban centers: Boston, Los Angeles, New York, San Francisco, and Washington, D.C. Structured as a Real Estate Investment Trust (REIT), the company operates as a comprehensive real estate entity, involved in the full spectrum of activities from developing and acquiring to managing and operating a diverse collection of primarily Class A office assets. Its current property holdings consist of 196 assets, collectively spanning 51.2 million square feet, which includes six properties actively undergoing construction or significant redevelopment.
Snapshot
Reported FFO / AFFO / leverage are from the Q2 2026 earnings release (filed 2026-05-29) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $3.48B | $276.80M | $906.76M | $1.94B | $1.25B |
| 2024 | $3.41B | $14.27M | $889.45M | $1.62B | $1.23B |
| 2023 | $3.27B | $190.22M | $832.75M | $1.70B | $1.30B |
| 2022 | $3.11B | $848.95M | $752.20M | $2.21B | $1.28B |
| 2021 | $2.89B | $505.19M | $720.85M | $1.78B | $1.13B |
| 2020 | $2.77B | $872.73M | $685.99M | $2.14B | $1.16B |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-03-31 | 2026-03-31 | 2026-04-30 | 2026-03-18 | $0.70 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-29 | 2025-12-18 | $0.70 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-31 | 2025-09-09 | $0.70 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-31 | 2025-06-20 | $0.98 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-30 | 2025-03-20 | $0.98 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-30 | 2024-12-18 | $0.98 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-31 | 2024-09-09 | $0.98 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-31 | 2024-06-12 | $0.98 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-30 | 2024-03-18 | $0.98 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-30 | 2023-12-18 | $0.98 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-31 | 2023-09-05 | $0.98 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-31 | 2023-06-20 | $0.98 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-28 | 2023-03-20 | $0.98 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-30 | 2022-12-19 | $0.98 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-31 | 2022-09-16 | $0.98 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-29 | 2022-06-14 | $0.98 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-29 | 2022-03-21 | $0.98 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-28 | 2021-12-20 | $0.98 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-29 | 2021-09-14 | $0.98 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-30 | 2021-06-14 | $0.98 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-30 | 2021-03-18 | $0.98 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-28 | 2020-12-15 | $0.98 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-30 | 2020-09-18 | $0.98 | Quarterly |
| 2020-06-29 | 2020-06-30 | 2020-07-31 | 2020-06-19 | $0.98 | Quarterly |
Coverage (payout of operating cash flow): 35.73%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.