BXP, Inc. (BXP)
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
$67.69-0.79%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
QuarterlyIQ Insights · BXP
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 14.8% |
| Our one-year growth estimate | diamond | 1.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the broad stock market and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 13.0 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 16 industry peers
BXP — debt issuance
Dated 2026-08-31
Other Events. On August 31, 2026, Boston Properties Limited Partnership (the “Partnership”), the operating partnership of BXP, Inc. (the “Company”), completed the issuance and sale of $700.0 million aggregate principal amount of the Partnership’s 6.050% Senior Notes due 2036 (the “Notes”) pursuant to an underwriting agreement, dated August 17, 2026 (the “Underwriting Agreement”), by and among the Partnership and J.P. Morgan Securities LLC, BBVA Securities Inc., BNY Mellon Capital Markets, LLC…
Why it matters: A drop below 90% would signal weakening demand for office space in key markets.
Worry ifQ3 2026 occupancy rates are below 90%.
Less concerning ifOccupancy rates remain at or above 90% for Q3 2026.
Why it matters: Selling assets shows that BXP is making progress. This helps them invest in the future.
Supportive ifThey said they sold properties for more than $100 million.
Worry ifNo big property sales happened in the next quarter.
Why it matters: The FOMC's decisions on interest rates can impact real estate financing costs.
Watch forThe FOMC raised interest rates. This means higher borrowing costs for real estate.
Also watch forFOMC keeps rates steady or lowers them, reducing financing costs for real estate.
Why it matters: Asset sales affect net operating income. This shows how well BXP manages its money.
Worry ifNet operating income from asset sales fell by over $74 million for Q3.
Less concerning ifNet operating income from asset sales fell by less than $70 million for Q3.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$108 on $10,000 · ±1.1% | How much price usually moves either way. |
| Bad day | $273 loss on $10,000 · 2.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,355 loss on $10,000 · 33.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: This offering can change BXP's capital structure and financial options.
Watch forThe offering is successful with strong interest in the notes.
Also watch forThe offering does not get enough interest or is delayed.
Why it matters: Higher FFO shows strong performance. This helps build investor confidence.
Supportive ifQ3 Funds From Operations (FFO) reported above $2.00 per share.
Worry ifQ3 FFO reported below $1.80 per share.
Why it matters: Higher interest rates can raise financing costs. This affects profits and growth plans.
Worry ifInterest rates rise above 5%. This raises financing costs for BXP.
Less concerning ifInterest rates stay steady or fall. This reduces financing pressures.
Why it matters: Weak GDP growth could signal a slowdown in demand for commercial real estate.
Worry ifQ2 2026 GDP growth reported below 2%.
Less concerning ifQ2 2026 GDP growth reported at or above 2%.
Why it matters: Leasing activity affects occupancy rates and revenue. A drop could show market weakness.
Worry ifLeasing activity shows more signed leases. They increased by over 10% from last quarter.
Less concerning ifLeasing activity shows signed leases dropped by more than 5% this quarter.
Why it matters: If they keep selling assets, it shows management cares about using money wisely. This helps them grow strategically.
Supportive ifMore asset sales were announced. This matches the plan for selling assets.
Worry ifNo new asset sales were announced. This may show a slowdown in recycling capital.
Why it matters: Updates on capital recycling will show if BXP can fund new projects and grow.
Supportive ifManagement says capital recycling is working. It is leading to new projects.
Worry ifManagement reports issues with capital recycling. There are delays in new projects.
Why it matters: High occupancy rates in BXP's key markets indicate strong demand for office space. This reflects market health.
Supportive ifOccupancy rates in Boston, New York, and San Francisco exceed 90%.
Worry ifOccupancy rates fall below 85% in these key markets.
Why it matters: Interest rate changes can affect financing costs and investment plans.
Watch forInterest rates rise above 5% in the next Federal Reserve meeting.
Also watch forInterest rates drop below 4% in the next Federal Reserve meeting.
Why it matters: Updates on asset sales can show BXP's financial health. They also hint at future investments.
Worry ifBXP reports it has completed asset sales over $200 million.
Less concerning ifBXP says there are delays or cancellations in planned asset sales.
Why it matters: Finishing these properties could increase revenue. It would also support management's growth plan.
Supportive ifAt least three properties under construction will be done and leased by December 2026.
Worry ifFewer than three properties are completed by the end of the year.
Why it matters: Successful asset sales would prove management's strategy. It would also improve the balance sheet.
Supportive ifTotal asset sales will be over $500 million by the end of 2026.
Worry ifTotal asset sales will be under $300 million by year-end.
Why it matters: Occupancy rates in key markets show demand for BXP's properties and market health.
Supportive ifOccupancy rates in BXP's six key markets rose by over 2% from last quarter.
Worry ifOccupancy rates in these markets decline by more than 1% quarter over quarter.
Why it matters: Growth in same property NOI shows how well BXP manages its existing properties. It signals operational strength.
Supportive ifSame property NOI grows year over year by more than 3%.
Worry ifSame property NOI declines year over year or grows less than 1%.
Why it matters: Occupancy rates reflect demand for office space. High rates suggest strong client interest in BXP's properties.
Supportive ifOccupancy rates in key markets are over 90%. This shows strong demand.
Worry ifOccupancy rates drop below 85%. This shows weak demand.
Why it matters: Earnings results will show if BXP continues its stable revenue trend. Investors look for consistency in performance.
Watch forQ3 revenue is over $896 million. This shows strong operations.
Also watch forQ3 revenue is below $872 million. This hints at possible problems.
Why it matters: Updates on asset management show how BXP handles its properties. Good sales show smart spending.
Watch forBXP announces big asset sales that fit its plan.
Also watch forNo news on asset sales or bad news about asset losses.