Significant activities and key analyses around Boston Properties BXP were reported. Whittier Trust continues to increase its stakes, and BXP declared a regular quarterly dividend. Coverage on BXP was initiated by Jefferies with a buy recommendation, and following a 5.5% trading up spike, its Q4 results met estimates. BXP's acquisition of the 725 12th Street in Washington, DC was completed and Raymond James Financial Inc. purchased a significant number of shares.
Despite Barclays issuing a pessimistic forecast, Scotiabank joined the trend with another downbeat outlook. Additionally, BXP wrote off more than $340M on 3 office properties, but posted its strongest leasing quarter since 2019. The successful completion of the year also set the stage for future office development plans in DC and pushed leasing back to pre-pandemic levels. A joint venture was formed with the Albanese Organization and CrossHarbor Capital for the development of a property in Jersey City, New Jersey. BXP also faced some headwinds, revealed during the Q4 2024 earnings call, with an unexpected dip in earnings.
Boston Properties BXP News Analytics from Tue, 14 Nov 2023 08:00:00 GMT to Sat, 22 Mar 2025 10:31:57 GMT - Rating 4 - Innovation 2 - Information 8 - Rumor -4
