Boston Properties (BXP) recently made several strides in its financial performance and strategic growth. The company increased its unsecured credit facility to $2.95 billion and its commercial paper program to $750 million. BXP’s fourth quarter FFO met expectations, while it also completed the acquisition of a property on 725 12th Street in Washington, D.C. Industry analysts from Jefferies initiated coverage of BXP with a buy recommendation, strengthening its market position. BXP's leasing activity is back to pre-pandemic levels thanks to high demand for top-tier office space. The company is also presenting at the Citi Global Property CEO Conference in 2025. Meanwhile, whispers of an earnings dip were raised following BXP’s Q4 2024 announcement. Its cash flow and occupancy are projected to fall this year. However, BXP shows optimism with its ambitious trophy office development plans in D.C. and a partnership to create a hub for clean, innovative transportation. It acquired a prime DC property for $34M and made a significant leasing deal with KnitWell Group. Still, construction costs have put BXP's Back Bay Tower on hold indefinitely.
Boston Properties BXP News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Mon, 31 Mar 2025 13:25:47 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -1
