BXP Posts 3Q EPS of 71 Cents
BXP sits 22% above its 52-week low of $49.72.
Summary
BXP reported third-quarter EPS of 71 cents, per the Dow Jones flash, on revenue of $911.4 million. That compares with $0.43 per share in Q2 2026, when an $18 million impairment on Sumner Square and higher costs dragged net income down to $68.6 million from $89.0 million a year earlier. The company guided full-year EPS to $2.35 to $2.37 and full-year FFO to $7.06 to $7.08 per share. For an office REIT of this size, FFO and leasing spreads matter more than GAAP EPS, and the Q2 print showed leasing activity was strong even as impairments bit. The company has been active on the balance sheet, pricing $700 million of 6.050% senior notes due 2036 in August and selling a 10.6% stake in its 343 Madison Avenue development to AVRS Partners on October 14th. Full release details will determine whether the 71 cents reflects cleaner operations or one-off items.
At the time of this announcement, BXP was trading at $60.89 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $9.7B. The 52-week trading range was $49.72 to $74.94. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.