Boston Properties (BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the U.S., has embarked on several significant initiatives. The firm saw its price target adjusted from $85 to $86 by BMO Capital amid positive positioning and growth potential. It boasted its strongest leasing quarter since 2019 while continuing to grow occupancy rates in the Boston area. BXP also successfully completed the acquisition of 725 12th Street in Washington, DC, and the downtown D.C. office formerly anchored by a significant law firm. It plans to build trophy offices and a $2B Midtown office tower. The corporation also increased its unsecured credit facility to $2.95 billion and commercial paper program to $750 million. Moreover, BXP promotes sustainability, as demonstrated by its 2024 Sustainability & Impact Report, while also engaging in clean, innovative transportation projects. Despite income drops, the company registered a 25% YoY spike in leasing momentum. However, construction costs put the firm's back bay tower on hold indefinitely.
Boston Properties BXP News Analytics from Tue, 11 May 2021 07:00:00 GMT to Tue, 24 Jun 2025 13:07:30 GMT -
Rating 8
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- Information 9
- Rumor 6
