BXP Inc

Latest Results (12.11.2025):

BXP Inc's Third Quarter 2025 results show a mixed performance with modest revenue growth and challenging profitability. Revenue increased 1.4% year-over-year to $871.5 million, but the quarter ended with a net loss of $121.7 million, compared to a net income of $83.6 million in the same quarter last year. Although Funds from Operations (FFO) remained resilient and slightly outperformed guidance, the earnings per share (EPS) fell short of expectations primarily due to significant non-cash impairment charges. Leasing and development activities remained strong, highlighted by over 1.5 million square feet of new leases and major projects in progress.

Financial Performance

BXP Inc’s revenue rose to $871.5 million in Q3 2025 from $859.2 million in Q3 2024. However, the company reported a net loss of $121.7 million this quarter, reversing last year's profit performance and reflecting the impact of one-time impairment charges.

EPS and FFO Overview

EPS for Q3 2025 was negatively impacted by non-cash impairment charges totaling $1.22 per diluted share, causing the metric to miss guidance by $1.19 per share. In contrast, Funds from Operations (FFO) of $276.7 million, or $1.74 per diluted share, marginally exceeded the midpoint of guidance due to strong portfolio performance.

Leasing and Development Activity

BXP Inc reported signing 79 leases totaling over 1.5 million square feet—the strongest third quarter leasing volume since 2019. Additionally, significant development progress includes the commencement of full vertical construction of 343 Madison Avenue in New York City, alongside successful placements of key in-service projects in Boston, New York, and Virginia.