An analysis of the news about Boston Properties (BXP) indicates significant occurrences in the company. The reports highlight a myriad of their activities including asset exchanges, financing deals, and property disposals. The company has sold off an empty lot at 3625 Peterson Way in Santa Clara and offloaded a major Needham office asset. Some major changes also include cutting dividend, announcing an asset sale to help fund a new office tower and plans to develop a $2B Midtown office tower with or without an anchor. However, the company seems quite unfazed about the new rival tower at South Station.
In terms of project execution, BXP has also begun construction for a $2B Midtown office tower, broken ground for a 312-unit residential project in Lexington, MA, and even proposed an offering of exchangeable senior notes due 2030. Despite some setbacks such as a 29% quarterly dividend cut, the company reportedly recorded its strongest leasing quarter post-Covid and continues to show strong leasing momentum. Successful asset sales also indicate a sharp capital allocation focus and strategic capital shifts are also in place.
Boston Properties BXP News Analytics from Thu, 02 Sep 2021 07:00:00 GMT to Wed, 24 Dec 2025 22:12:16 GMT - Rating 5 - Innovation 4 - Information 8 - Rumor -3
