BXP Stock Recent News

Boston Properties owns one of the best office portfolios in the country. BXP has recently announced a major disposal. I discuss the implications and present my price expectations based on interest rate expectations.

Boston Properties, Inc. shares rose 10% after inflation readings suggested lower interest rates, benefiting REITs. The company announced a substantial divestment, selling a 45% interest in two life science development properties in Cambridge. The divestment reduces development financing requirements and has a minimal impact on the overall portfolio.

Boston Properties (BXP) announces a 45% stake sale in 290 Binney Street and 300 Binney Street in Kendall Square, MA, to Norges Bank Investment Management for a gross valuation of $1.66 billion.

Boston Properties Inc. BXP, -2.35% said Tuesday it has entered agreements to sell a 45% stake in two life sciences development properties located in Kendall Square in Cambridge, Mass., to Norges Bank Investment Management at a gross valuation of about $1.66 billion, or $2,050 per square foot.

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Boston Properties (BXP) or Gaming and Leisure Properties (GLPI). But which of these two stocks is more attractive to value investors?

Boston Properties shares have lost over 30% of their value in the past year, reflecting the poor performance of the office REIT sector. Higher interest rates have negatively impacted real estate valuations and reduced the appeal of dividend stocks. The future of work and remote work may continue to put pressure on the office sector, making Boston Properties shares unattractive.

Boston Properties, Inc. (NYSE:BXP ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Helen Han - VP, IR Owen Thomas - CEO & Chairman Douglas Linde - President & Director Michael LaBelle - EVP, Treasurer & CFO Hilary Spann - EVP, New York Region Bryan Koop - EVP, Boston Region Rodney Diehl - SVP, Leasing, San Francisco Conference Call Participants Blaine Heck - Wells Fargo Nicholas Yulico - Scotiabank John Kim - BMO Capital Markets Alexander Goldfarb - Piper Michael Griffin - Citi Michael Goldsmith - UBS Jason Wayne - Barclays Steve Sakwa - Evercore ISI Caitlin Burrows - Goldman Sachs Upal Rana - KeyBanc Dylan Burzinski - Green Street Peter Abramowitz - Jefferies Camille Bonnel - Bank of America Ronald Kamdem - Morgan Stanley Omotayo Okusanya - Deutsche Bank Jamie Feldman - Wells Fargo Richard Anderson - Wedbush Securities Operator Good morning, and welcome to Q3 2023 BXP Earnings Conference Call. [Operator Instructions].

Boston Properties' (BXP) Q3 results outshine estimates on better-than-anticipated revenues, aided by healthy leasing activity. The company revises its 2023 guidance for FFO per share.

The headline numbers for Boston Properties (BXP) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Healthy demand for Boston Properties' (BXP) premium office and life-science assets is likely to have benefited its Q3 earnings. However, higher interest expenses might have hurt it.