Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
18 June 1997Website:
http://www.bxp.comNext earnings report:
N/ALast dividends:
30 September 2024Next dividends:
N/APrice
after hours | Thu, 31 Oct 2024 23:55:02 GMTAnalysts recommendations
Institutional Ownership
BXP Latest News
BXP, Inc. (NYSE:BXP) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 10:00 AM ET. The call will feature several company executives, including Helen Han, Owen Thomas, and Douglas Linde, along with participants from various financial institutions. The operator will welcome everyone to the call and thank them for their patience.
BXP's funds from operations (FFO) per share for the third quarter met expectations. The results show increased revenues due to strong leasing activity.
The main figures for Boston Properties (BXP) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.
Boston Properties (BXP) reported quarterly funds from operations (FFO) of $1.81 per share, matching the Zacks Consensus Estimate. This is a decrease from the FFO of $1.86 per share from the same period last year.
BXP's earnings for the third quarter may have been negatively affected by a large number of office properties available and high interest costs, even though there is strong demand for high-quality office spaces.
BXP's Class A office properties are designed to meet the growing need for high-quality office spaces, which will help with strong leasing activity. However, there are risks due to competition and significant development costs.
BXP, Inc. is a real estate investment trust that owns top-quality office buildings in important U.S. cities. The recent reduction in interest rates by the Federal Reserve and possible future cuts are expected to decrease borrowing costs and help with new purchases. Its big clients provide stability during tough times, and leasing activity is keeping up with earnings growth.
BXP, Inc. has a strong collection of modern offices in prime locations, which helps it attract tenants and keep occupancy levels high. The easing of economic challenges, like lower interest rates and a return to in-person work, supports BXP's refinancing and future prospects. Although there are risks like possible interest rate increases and a recession, BXP provides a reliable 5% dividend yield and the potential for long-term price growth.
BXP is expected to benefit from an increase in the need for high-quality office spaces, which is being fueled by the technology and life sciences sectors, as well as its careful management of finances.
With bond yields decreasing, high-yield dividend stocks are becoming more attractive at the moment.
What type of business is Boston Properties?
Boston Properties, Inc. (BXP) is an American real estate investment trust. The company was founded in 1970 and is headquartered in Boston, Massachusetts. The company is a owner and developer of office real estate in the United States. Its geographical segments of activity include Boston, New York, San Francisco, and Washington, D.C. The company's segments by type of real estate include Offices, Residential properties, and Hotels.
What sector is Boston Properties in?
Boston Properties is in the Real Estate sector
What industry is Boston Properties in?
Boston Properties is in the Office industry
What country is Boston Properties from?
Boston Properties is headquartered in United States
When did Boston Properties go public?
Boston Properties initial public offering (IPO) was on 18 June 1997
What is Boston Properties website?
https://www.bxp.com
Is Boston Properties in the S&P 500?
Yes, Boston Properties is included in the S&P 500 index
Is Boston Properties in the NASDAQ 100?
No, Boston Properties is not included in the NASDAQ 100 index
Is Boston Properties in the Dow Jones?
No, Boston Properties is not included in the Dow Jones index
When was Boston Properties the previous earnings report?
No data
When does Boston Properties earnings report?
Next earnings report date is not announced yet