Zacks Research cautioned of lower earnings for
Boston Properties (BXP), which also missed Q1 FFO estimates. However, BXP reported we strong leasing momentum, successful $4.2B financing, and acquisition of 725 12th Street in Washington, DC. The company up-sized its unsecured credit facility to $2.95 billion and commercial paper program to $750 million. BXP ensured robust stage-setting for trophy office development plans in DC, notwithstanding a 52-week low stock hit. It wrote down over $340M on 3 office properties, yet posted its strongest leasing quarter since 2019.
Boston Properties announced positive Q1 2025 earnings and received an extension and expansion of lease contracts from law firms Ropes & Gray and Cooley, amongst others. Conversely, construction costs have indefinitely put BXP's Back Bay Tower on hold. BXP is part of a $1.4B development project near Hudson Yards.
BXP was selected as the Developer of the Year and its buoyant leasing activity reflected a 25% annual increase in Q3. It was subjected to an unexpected earnings dip in Q4 2024 but bounced back with a 126K SF law firm deal aiding the company's new downtown office project to hit 87% pre-leasing.
Boston Properties BXP News Analytics from Tue, 20 Sep 2022 07:00:00 GMT to Sat, 24 May 2025 11:58:26 GMT -
Rating -4
- Innovation 4
- Information 7
- Rumor -5
