Boston Properties (BXP) has been consistently meeting the Q3 FFO Estimates while maintaining a quarterly dividen of $0.98. They recently priced $850 million offering of Senior Unsecured Notes while showing an impressive lease renewal of 400KSF at Boston Tower. Despite slight falls in leasing occupancy, their Q2 earnings estimates have still exceeded expectations. They have further increased leasing activity by 25% YoY in Q3, while adopting a national focus with a name change. The company has shifted to lab towers with an increase in construction projects. BXP's stock hit a 52-week high of $83.92 showing robust growth while the company maintains a strong presence across major US markets. They plan to add a solar canopy atop Reston Town Center parking garage. A potential weakness seen is the continual erosion of occupancy amidst weak tech demand. The company is also dealing with a lawsuit with Thermo Fisher's Brammer Bio over construction in Kendall. Despite these challenges, BXP demonstrates confidence in the market with recent office portfolio acquisitions, ground breakings and renovations.
Boston Properties BXP News Analytics from Tue, 10 Nov 2020 08:00:00 GMT to Tue, 24 Dec 2024 00:46:00 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -3
