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BXP

BXP, Inc.

NYSEReal EstateReit - OfficeSnapshot 2026-05-08

$59.43-0.05%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, BXP has a composite score of 13.0, categorized as "mild favorable" with a high confidence level of 84.0. The score is influenced by various factors, including a macro score of 26.3 and a sector score of 16.1. Key drivers include macroeconomic conditions related to rates, growth, labor, and inflation. The guidance credibility is at 47.1, indicating moderate confidence in future performance.

Composite +13as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
strong
Top 20% of real estate cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    0.22
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
103208231238
F2 · Value
expensive
Most expensive 30% of real estate cohort
Why this rank
Price
$59.43
TTM EPS
$0.83
Earnings yield
1.4%
P/E (TTM)
71.6

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
robust
Top 10% cash conversion in real estate cohort
Why this rank
TTM NI ($M)
14
TTM CFO ($M)
1,235
CFO/NI
86.51

Joint read: strong + robust historically delivered 80%+ NI-grew rate over T+1y in IT 2024–26 (small N).

L2

Watch

has something changed worth re-reading?
F4 · Management stability
Insufficient data
No score yet
Earnings setup · pre-print positioning
forward-looking
neutralEPS revised -4.4% / 30d, n=1for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $0.45 → $0.43 (-4.4% / 30d). 0 raised, 1 cut, 1 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 2 maintained. 50% of analysts rate Buy.

Price target activity

1 PT revisions / 30d. Avg target 8.0% above current price.

Material events

1 positive, 0 negative / 30d. See F4 management tile for the event list.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
1

Recent 8-K events

No recent events recorded.

2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Maintain leadership in premier workplace segmentgrowthbehind14% progress
    4/28: BXP aims to embrace leadership in the premier workplace segment and leverage strengths in portfolio quality.
    Why this status

    Newly stated in 2026-Q1. BXP's focus on maintaining leadership in the premier workplace segment is supported by its strategy to leverage portfolio quality and client relationships. However, financials show a net income decline from $248.5M in 2025-Q4 to $101.6M in 2026-Q1, indicating limited progress in financial performance.

  2. 2.Focus on dynamic gateway marketsgrowthbehind14% progress
    4/28: BXP maintains a keen focus on select dynamic gateway markets like Boston, Los Angeles, and New York.
    Why this status

    Newly stated in 2026-Q1. BXP's strategy to focus on dynamic gateway markets is part of its growth plan. Despite this focus, revenue decreased from $877.1M in 2025-Q4 to $872.1M in 2026-Q1, showing limited progress in capturing market growth.

  3. 3.Recycle capital for future investmentcapital allocationmixed44% progress
    4/28: BXP plans to recycle capital by disposing of assets that no longer meet its investment profile.
    Why this status

    Newly stated in 2026-Q1. BXP's capital recycling strategy aims to optimize its investment portfolio. However, the financials show a net income drop from $248.5M in 2025-Q4 to $101.6M in 2026-Q1, indicating limited financial improvement from asset disposals.

3

Guidance track record

Last 7 quarters of EPS guidance with actuals.

3 beat, 4 miss
Per-quarter detail
PeriodGuidanceActualResult
2016-09-30$0.57 – $0.59$0.43miss
2017-03-31$0.55 – $0.57$0.63beat
2017-06-30$0.77 – $0.79$0.75miss
2017-09-30$0.65 – $0.67$0.74beat
2018-03-31$1.15 – $1.17$0.58miss
2025-09-30$0.41 – $0.43$-0.36miss
2026-03-31$0.32 – $0.34$0.55beat

Beat / inside / miss is computed from the guided range when issued; for point-estimate quarters a ±5% tolerance band around the mid is used. surprise_pct_vs_mid is unstable when guided EPS is near zero, so it is not surfaced as a headline.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −34%, typical day ±1.4%
Why this risk level

Recent vol — 30d annualized 23%; 252d 29%.

Drawdown — Max 1y −34%. Bad day move −3%.

Beta to sector ETF (XLRE) 1.19 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 52/100, drawdown 33/100, beta 81/100, earnings vol .

Sector regime
headwind-3.1%sector vs S&P 500, 60d

via XLRE

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite40.6 / 100
Capital allocation30
Earnings discipline50
Margin discipline
Balance sheet38
Guidance credibility47
Post-call reaction28

Met or beat guidance 43% of the last 7 guided quarters · -24.9% avg surprise

as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Maintain leadership in premier workplace segment

    Growth

    Continue to leverage strengths in portfolio quality, client relationships, and sustainability to build market share.

    Behind

    Newly stated in 2026-Q1. BXP's focus on maintaining leadership in the premier workplace segment is supported by its strategy to leverage portfolio quality and client relationships. However, financials show a net income decline from $248.5M in 2025-Q4 to $101.6M in 2026-Q1, indicating limited progress in financial performance.

    14%
    CEO/CFO:BXP aims to embrace leadership in the premier workplace segment and leverage strengths in portfolio quality.
    Press releaseSource dated 2026-04-28Stated 1 of last 8 quartersFirst seen 2026-04-28
    Show history (1)
    • 2026-Q1Press release

      BXP aims to embrace leadership in the premier workplace segment and leverage strengths in portfolio quality.

  • #2

    Focus on dynamic gateway markets

    Growth

    Maintain focus on select dynamic gateway markets with strong economic growth and investment characteristics.

    Behind

    Newly stated in 2026-Q1. BXP's strategy to focus on dynamic gateway markets is part of its growth plan. Despite this focus, revenue decreased from $877.1M in 2025-Q4 to $872.1M in 2026-Q1, showing limited progress in capturing market growth.

    14%
    CEO/CFO:BXP maintains a keen focus on select dynamic gateway markets like Boston, Los Angeles, and New York.
    Press releaseSource dated 2026-04-28Stated 1 of last 8 quartersFirst seen 2026-04-28
    Show history (1)
    • 2026-Q1Press release

      BXP maintains a keen focus on select dynamic gateway markets like Boston, Los Angeles, and New York.

  • #3

    Recycle capital for future investment

    Capital allocation

    Dispose of assets that no longer meet investment profile to recycle capital for future investments.

    Mixed

    Newly stated in 2026-Q1. BXP's capital recycling strategy aims to optimize its investment portfolio. However, the financials show a net income drop from $248.5M in 2025-Q4 to $101.6M in 2026-Q1, indicating limited financial improvement from asset disposals.

    44%
    CEO/CFO:BXP plans to recycle capital by disposing of assets that no longer meet its investment profile.
    Press releaseSource dated 2026-04-28Stated 1 of last 8 quartersFirst seen 2026-04-28
    Show history (1)
    • 2026-Q1Press release

      BXP plans to recycle capital by disposing of assets that no longer meet its investment profile.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
higher = cheaper

Not enough peers to compare yet.

Compared to its own history
60higher = cheaper

Around its own typical valuation.

P/E
25.7x
EV/EBITDA
FCF yield

P/E over the last 5 years

68 monthly points
fairas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
BXP
BXP, Inc.
+13fairmoderate
WELL
Welltower
+7.9expensivelow
PLD
Prologis
+10fulllow
EQIX
Equinix
+22fairmoderate
AMT
American Tower
+18fairmoderate
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
1.4%
A bad day (95th %ile)
A rough but not unusual down day.
-3.2%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-33.6%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If real_estate sector trend rises from +0.00 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-04-28)+4.0 pts
Downside triggers
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-8.0 pts
  • If next-quarter guidance is cut (currently NEW as of 2026-04-28)-8.0 pts
  • If real_estate sector trend falls from +0.00 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-04-2811d agoItem 2.02

    “Results of Operations and Financial Condition” is being furnished. Such information, including Exhibits 99.1 and 99.2 hereto, shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed incorporated by reference into any filing under the Securities Ac…

    earnings preannouncementpositivescore 56
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-27 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.