Boston Properties Earnings Reports

BXP posted a net loss of $121.7 million in Q3 2025, driven by significant non-cash impairment charges. Revenue slightly increased to $871.5 million. The company exceeded FFO guidance due to portfolio outperformance and executed over 1.5 million square feet in new leases.

BXP delivered a strong second quarter, outperforming EPS and FFO guidance, increasing full-year projections, executing significant leasing activity, and launching a major development project in NYC.

BXP reported an increase in total revenue for the first quarter of 2025 compared to the prior year, reaching $865.2 million. However, net income attributable to BXP and Funds from Operations (FFO) both saw decreases. The company executed over 1.1 million square feet of leases during the quarter and maintained its total portfolio percentage leased at 89.4%, despite a slight dip in occupancy primarily due to a planned lease expiration.

Boston Properties reported a net loss attributable to BXP, Inc. of $(230.0) million, or $(1.45) per diluted share, primarily due to impairment charges totaling approximately $341.3 million related to the Company’s investments in three unconsolidated joint ventures. Diluted FFO per share was $1.79.

Boston Properties reported a net income attributable to BXP, Inc. of $83.6 million, or $0.53 per diluted share, and FFO attributable to BXP, Inc. of $286.9 million, or $1.81 per diluted share for the quarter ended September 30, 2024.

BXP, Inc. reported net income attributable to BXP, Inc. of $79.6 million, or $0.51 per diluted share, and FFO attributable to BXP, Inc. of $278.4 million, or $1.77 per diluted share. The company changed its corporate name from Boston Properties, Inc. to BXP, Inc.

Boston Properties reported a net income attributable to the company of $79.88 million, with diluted EPS of $0.51. The diluted FFO per share was $1.73. The company's share of same property NOI decreased by 1.9% excluding termination income.

Boston Properties reported a net income of $119.9 million, or $0.76 per diluted share, and FFO of $286.2 million, or $1.82 per diluted share. The company continued to execute its strategy of focusing on premier workplaces in dynamic gateway markets.

Boston Properties reported a net loss attributable to Boston Properties, Inc. of $(111.8) million, or $(0.71) per share, for the quarter ended September 30, 2023, compared to a net income of $104.3 million, or $0.66 per share, for the previous quarter. FFO attributable to Boston Properties, Inc. remained relatively stable at $292.8 million, or $1.86 per share. The results were impacted by a significant loss from unconsolidated joint ventures due to impairment charges.

Boston Properties reported a net income attributable to Boston Properties, Inc. of $104.3 million, or $0.66 per diluted share, and FFO attributable to Boston Properties, Inc. of $292.8 million, or $1.86 per diluted share for the quarter ended June 30, 2023.

Boston Properties reported a net income attributable to the company of $77.89 million and FFO attributable to the company of $271.95 million for Q1 2023. The company's revenue reached $803.20 million.

Boston Properties' Q4 2022 earnings showed a net income attributable to Boston Properties, Inc. of $121.79 million, or $0.78 per diluted share. The company's FFO attributable to Boston Properties, Inc. was $292.94 million, or $1.86 per diluted share. Revenue for the quarter totaled $789.82 million.

Boston Properties reported a strong Q3 2022, with a net income of $360.977 million and revenue of $790.523 million. The company benefited from gains on sales of real estate and solid performance across its key markets.

Boston Properties reported a net income attributable to Boston Properties, Inc. of $222.99 million, or $1.42 per diluted share, and FFO of $304.56 million, or $1.94 per diluted share for the quarter ended June 30, 2022. The increase in net income and FFO was primarily driven by strong leasing activity and same-store NOI growth.

Boston Properties reported a net income attributable to Boston Properties, Inc. of $143.05 million, or $0.91 per diluted share, and FFO attributable to Boston Properties, Inc. of $286.14 million, or $1.82 per diluted share for the quarter ended March 31, 2022.

Boston Properties reported a net income of $108.3 million, or $0.69 per diluted share. FFO reached $270.5 million, or $1.73 per diluted share. The company's in-service properties maintained a strong occupancy rate of 88.4%.

Boston Properties reported an increase in net income and FFO for Q2 2021, driven by strong leasing activity and effective cost management. The company's strategic focus on key markets and high-quality properties contributed to its positive financial results.

Boston Properties reported a decrease in revenue and net income for Q1 2021 compared to Q1 2020, primarily due to the impact of the COVID-19 pandemic. Revenue was $713.7 million, and net income attributable to Boston Properties, Inc. common shareholders was $91.6 million.

Boston Properties reported a decrease in revenue and net income for Q4 2020 compared to Q4 2019, largely due to the impact of the COVID-19 pandemic. The company experienced write-offs associated with accrued rent and accounts receivable, along with decreases in parking and hotel revenue. A non-cash impairment charge related to an unconsolidated joint venture property in Brooklyn, New York also affected net income.