BXP, Inc. BXP
BXP, trading on the NYSE, is the leading publicly listed company engaged in the development and ownership of premier Class A office properties across the United States. Its operations are strategically concentrated in five major urban centers: Boston, Los Angeles, New York, San Francisco, and Washington, D.C. Structured as a Real Estate Investment Trust (REIT), the company operates as a comprehensive real estate entity, involved in the full spectrum of activities from developing and acquiring to managing and operating a diverse collection of primarily Class A office assets. Its current property holdings consist of 196 assets, collectively spanning 51.2 million square feet, which includes six properties actively undergoing construction or significant redevelopment.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-27 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model BXP yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $3.48B | $276.80M | $906.76M | $1.94B | $1.25B |
| 2024 | $3.41B | $14.27M | $889.45M | $1.62B | $1.23B |
| 2023 | $3.27B | $190.22M | $832.75M | $1.70B | $1.30B |
| 2022 | $3.11B | $848.95M | $752.20M | $2.21B | $1.28B |
| 2021 | $2.89B | $505.19M | $720.85M | $1.78B | $1.13B |
| 2020 | $2.77B | $872.73M | $685.99M | $2.14B | $1.16B |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-31 | 2026-06-17 | $0.70 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-30 | 2026-03-18 | $0.70 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-29 | 2025-12-18 | $0.70 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-31 | 2025-09-09 | $0.70 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-31 | 2025-06-20 | $0.98 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-30 | 2025-03-20 | $0.98 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-30 | 2024-12-18 | $0.98 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-31 | 2024-09-09 | $0.98 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-31 | 2024-06-12 | $0.98 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-30 | 2024-03-18 | $0.98 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-30 | 2023-12-18 | $0.98 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-31 | 2023-09-05 | $0.98 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-31 | 2023-06-20 | $0.98 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-28 | 2023-03-20 | $0.98 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-30 | 2022-12-19 | $0.98 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-31 | 2022-09-16 | $0.98 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-29 | 2022-06-14 | $0.98 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-29 | 2022-03-21 | $0.98 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-28 | 2021-12-20 | $0.98 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-29 | 2021-09-14 | $0.98 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-30 | 2021-06-14 | $0.98 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-30 | 2021-03-18 | $0.98 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-28 | 2020-12-15 | $0.98 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-30 | 2020-09-18 | $0.98 | Quarterly |
Coverage (payout of operating cash flow): 35.73%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — BXP
Is BXP Stock Worth Retaining in Your Portfolio for the Long Run?
BXP to Release Second Quarter 2026 Financial Results on July 28, 2026
BXP Secures 320K Sq.Ft. Lease With Boston Dynamics at Reservoir Place
BXP Executes 320,000 Square Foot Lease with Boston Dynamics at Reservoir Place
BXP Declares Regular Quarterly Dividend
What BXP's 343 Madison Lease Means for Office Investors in 2026
BXP Executes 150,000 Square Foot Lease with McDermott Will & Schulte at 343 Madison Avenue
BXP Stock Gains 20.7% in Three Months: Will the Momentum Last?
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Office REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.