Boston Properties Inc. (BXP) kept busy over several quarters and made numerous strategic decisions regarding its operations. Among these was a
quarterly dividend announcement of $0.98, marking potential returns for investors. BXP successively met Q3 FFO estimates while declaring a regular quarterly dividend. A minor downswing was noted in leasing occupancy, nevertheless, Q2 earnings estimates were exceeded. They also partnered with Mass Mobility Hub to create a hub for
innovative transportation. Key note: BXP changed their name to reflect a national focus rather than a singular city. On the financial side, they priced an
$850m offering of Senior Unsecured Notes. Interestingly, their stock hit a 52-week high at $83.92 amid robust growth. BXP also had a spat with a biotech firm over a Kendall Square site. The company appeared to have a strong focus on offices, buying out partners, proposing lab towers, and experiencing increased leasing activity. It was noteworthy that BXP reclassified Reston Town Center as a central business district. Despite some challenges, CEO’s view was that the return-to-office issue continued to dissipate in importance. Despite some asset write-downs, they also marked the groundbreaking of 180 CityPoint and sold their stake in 343 Madison project.
Boston Properties BXP News Analytics from Wed, 12 Dec 2018 08:00:00 GMT to Fri, 20 Dec 2024 13:27:58 GMT -
Rating 6
- Innovation -4
- Information 8
