BXP Stock Recent News
BXP LATEST HEADLINES
Boston Properties, Inc. (BXP) Q4 2023 Earnings Call Transcript
Boston Properties' (BXP) Q4 results outshine estimates on better-than-anticipated revenues, aided by solid leasing activity. It issues its guidance for 2024 FFO per share.
While the top- and bottom-line numbers for Boston Properties (BXP) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Get a deeper insight into the potential performance of Boston Properties (BXP) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Healthy demand for Boston Properties' (BXP) premium office and life-science assets is likely to have benefited its Q4 earnings. However, higher interest expenses might have hurt the company.
Boston Properties' (BXP) securing of lease extension with Snap at Santa Monica Business Park highlights healthy demand for the creative campus.
Debt issued by publicly traded commercial real-estate investment trusts (REITs) has been in rally mode to start 2024, even in the battered office sector.
Boston Properties is a REIT that owns and manages office real estate across six markets. The company has experienced modest growth in its operating results and has adequate liquidity. Most importantly, the current stock price provides access to an A-Class portfolio at a huge discount, while offering a generous dividend yield.
Boston Properties stock has performed poorly compared to the S&P 500, down 23% since the first article and down 7.5% including dividends. The recent surge in the stock was due to market speculation on a dovish Fed in 2024, but this may not be sustainable. The office real estate industry is still struggling with oversupply, making it uncertain if Boston Properties is out of trouble.