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Real Estate - REIT - Office - NYSE - US
$ 78.53
-1.18 %
$ 12.4 B
Market Cap
34.14
P/E
1. INTRINSIC VALUE

Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company's portfolio totals 51.2 million square feet and 196 properties, including six properties under construction/redevelopment.[ Read More ]

The intrinsic value of one BXP stock under the base case scenario is HIDDEN Compared to the current market price of 78.5 USD, Boston Properties, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BXP

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FINANCIALS
3.27 B REVENUE
5.31%
1.85 B OPERATING INCOME
80.91%
190 M NET INCOME
-81.36%
1.3 B OPERATING CASH FLOW
1.49%
-1.19 B INVESTING CASH FLOW
25.53%
768 M FINANCING CASH FLOW
38.10%
859 M REVENUE
1.03%
0 OPERATING INCOME
0.00%
163 M NET INCOME
104.12%
-537 M OPERATING CASH FLOW
-146.39%
-506 M INVESTING CASH FLOW
-153.70%
649 M FINANCING CASH FLOW
430.01%
Balance Sheet Decomposition Boston Properties, Inc.
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Current Assets 3.26 B
Cash & Short-Term Investments 1.53 B
Receivables 1.58 B
Other Current Assets 145 M
Non-Current Assets 22.8 B
Long-Term Investments 1.41 B
PP&E 19.9 B
Other Non-Current Assets 1.46 B
Current Liabilities 763 M
Accounts Payable 458 M
Short-Term Debt 2 B
Other Current Liabilities -1.69 B
Non-Current Liabilities 17.1 B
Long-Term Debt 14.6 B
Other Non-Current Liabilities 2.44 B
EFFICIENCY
Earnings Waterfall Boston Properties, Inc.
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Revenue 3.27 B
Cost Of Revenue 1.22 B
Gross Profit 2.05 B
Operating Expenses 170 M
Operating Income 1.85 B
Other Expenses 1.66 B
Net Income 190 M
RATIOS
62.72% GROSS MARGIN
62.72%
56.38% OPERATING MARGIN
56.38%
5.81% NET MARGIN
5.81%
3.24% ROE
3.24%
0.73% ROA
0.73%
8.49% ROIC
8.49%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Boston Properties, Inc.
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Net Income 190 M
Depreciation & Amortization 831 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital -163 M
Others 1.07 B
Free Cash Flow 1.3 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Boston Properties, Inc.
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Wall Street analysts predict an average 1-year price target for BXP of $80 , with forecasts ranging from a low of $65 to a high of $105 .
BXP Lowest Price Target Wall Street Target
65 USD -17.23%
BXP Average Price Target Wall Street Target
80 USD 1.87%
BXP Highest Price Target Wall Street Target
105 USD 33.71%
4. DIVIDEND ANALYSIS
1.36% DIVIDEND YIELD
0.98 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Boston Properties, Inc.
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Sold
0-3 MONTHS
1.97 M USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
889 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 09, 2024
Sell 1.62 M USD
RITCHEY RAYMOND A
Senior EVP
- 21835
74.2489 USD
2 months ago
Aug 23, 2024
Sell 351 K USD
Otteni Peter V
Executive Vice President
- 4785
73.4422 USD
8 months ago
Mar 06, 2024
Sell 632 K USD
RITCHEY RAYMOND A
Senior EVP
- 10091
62.6617 USD
8 months ago
Mar 06, 2024
Sell 257 K USD
RITCHEY RAYMOND A
Senior EVP
- 4059
63.2741 USD
1 year ago
Sep 11, 2023
Sell 66.4 K USD
Kevorkian Eric G
SVP, CLO and Secretary
- 1000
66.43 USD
1 year ago
Sep 05, 2023
Sell 3.36 M USD
RITCHEY RAYMOND A
Senior EVP
- 50152
67.0028 USD
1 year ago
Sep 05, 2023
Sell 1 M USD
RITCHEY RAYMOND A
Senior EVP
- 14848
67.4677 USD
1 year ago
Jun 07, 2023
Sell 571 K USD
Otteni Peter V
Executive Vice President
- 10463
54.599 USD
1 year ago
May 26, 2023
Bought 474 K USD
Einiger Carol B.
Director
+ 10000
47.41 USD
1 year ago
Mar 15, 2023
Bought 529 K USD
LUSTIG MATTHEW J
Director
+ 10000
52.92 USD
2 years ago
Aug 12, 2022
Sell 2.02 M USD
RITCHEY RAYMOND A
Senior EVP
- 22472
89.9641 USD
2 years ago
Feb 23, 2022
Sell 2.54 M USD
RITCHEY RAYMOND A
Senior EVP
- 21102
120.5156 USD
2 years ago
Nov 23, 2021
Sell 2.77 M USD
LINDE DOUGLAS T
President
- 23436
118.3199 USD
2 years ago
Nov 23, 2021
Sell 1.32 M USD
LINDE DOUGLAS T
President
- 11040
119.1378 USD
3 years ago
Nov 15, 2021
Sell 252 K USD
BURT FRANK D
SVP, CLO and Secretary
- 2116
118.8934 USD
3 years ago
Nov 08, 2021
Sell 486 K USD
Stroman John J
Senior Vice President
- 4109
118.2881 USD
3 years ago
Sep 03, 2021
Sell 3 M USD
RITCHEY RAYMOND A
Senior EVP
- 26590
112.7307 USD
3 years ago
Sep 03, 2021
Sell 2.09 M USD
RITCHEY RAYMOND A
Senior EVP
- 18410
113.7458 USD
3 years ago
Aug 27, 2021
Sell 570 K USD
Otteni Peter V
Senior Vice President
- 5027
113.3628 USD
3 years ago
Jun 10, 2021
Sell 246 K USD
BURT FRANK D
SVP, CLO and Secretary
- 2000
122.93 USD
3 years ago
May 26, 2021
Sell 574 K USD
RITCHEY RAYMOND A
Senior EVP
- 5000
114.78 USD
3 years ago
May 24, 2021
Sell 4.6 M USD
RITCHEY RAYMOND A
Senior EVP
- 40000
115.0524 USD
3 years ago
Apr 26, 2021
Sell 532 K USD
RITCHEY RAYMOND A
Senior EVP
- 5000
106.32 USD
3 years ago
Mar 26, 2021
Sell 526 K USD
RITCHEY RAYMOND A
Senior EVP
- 5000
105.2 USD
4 years ago
May 22, 2020
Bought 156 K USD
KOOP BRYAN J
Executive Vice President
+ 2000
78 USD
4 years ago
May 15, 2020
Bought 148 K USD
DUNCAN BRUCE W
Director
+ 2000
73.909 USD
4 years ago
May 15, 2020
Bought 223 K USD
DUNCAN BRUCE W
Director
+ 3000
74.2555 USD
4 years ago
May 14, 2020
Bought 377 K USD
DUNCAN BRUCE W
Director
+ 5000
75.465 USD
4 years ago
May 04, 2020
Bought 981 K USD
DUNCAN BRUCE W
Director
+ 11000
89.1443 USD
4 years ago
Mar 11, 2020
Bought 246 K USD
Einiger Carol B.
Director
+ 2000
123 USD
4 years ago
Mar 11, 2020
Bought 242 K USD
Einiger Carol B.
Director
+ 2000
121 USD
4 years ago
Mar 09, 2020
Bought 248 K USD
Einiger Carol B.
Director
+ 2000
124 USD
4 years ago
Mar 09, 2020
Bought 244 K USD
Einiger Carol B.
Director
+ 2000
122 USD
4 years ago
Mar 04, 2020
Sell 406 K USD
BURT FRANK D
SVP, CLO and Secretary
- 3000
135.241 USD
4 years ago
Feb 25, 2020
Sell 2.24 M USD
LABELLE MICHAEL E
EVP and CFO
- 16337
137.3264 USD
4 years ago
Feb 19, 2020
Sell 2.08 M USD
POWERS JOHN FRANCIS
Executive Vice President
- 14318
145.02 USD
4 years ago
Feb 14, 2020
Sell 5.19 M USD
RITCHEY RAYMOND A
Senior EVP
- 35600
145.7448 USD
4 years ago
Feb 13, 2020
Sell 2.5 M USD
JOHNSTON PETER D
Executive Vice President
- 17178
145.3057 USD
4 years ago
Feb 10, 2020
Sell 697 K USD
RITCHEY RAYMOND A
Senior EVP
- 4889
142.6424 USD
4 years ago
Feb 06, 2020
Sell 437 K USD
TWARDOCK DAVID A
Director
- 3010
145.07 USD
4 years ago
Feb 06, 2020
Sell 299 K USD
TWARDOCK DAVID A
Director
- 2063
144.88 USD
4 years ago
Feb 04, 2020
Sell 3.93 M USD
LINDE DOUGLAS T
President
- 27155
144.6608 USD
4 years ago
Feb 04, 2020
Sell 43.6 K USD
LINDE DOUGLAS T
President
- 300
145.3733 USD
4 years ago
Dec 12, 2019
Sell 549 K USD
RITCHEY RAYMOND A
Senior EVP
- 4000
137.1519 USD
4 years ago
Dec 11, 2019
Sell 1.1 M USD
RITCHEY RAYMOND A
Senior EVP
- 8043
137.232 USD
4 years ago
Dec 11, 2019
Sell 2.07 M USD
RITCHEY RAYMOND A
Senior EVP
- 14973
138.0775 USD
4 years ago
Dec 11, 2019
Sell 585 K USD
RITCHEY RAYMOND A
Senior EVP
- 4200
139.3039 USD
4 years ago
Dec 04, 2019
Sell 7.72 M USD
RITCHEY RAYMOND A
Senior EVP
- 55807
138.37 USD
4 years ago
Dec 05, 2019
Sell 5.67 M USD
RITCHEY RAYMOND A
Senior EVP
- 40995
138.35 USD
4 years ago
Nov 22, 2019
Sell 1.33 M USD
KOOP BRYAN J
Executive Vice President
- 9645
138.0633 USD
5 years ago
Nov 11, 2019
Sell 1.6 M USD
JOHNSTON PETER D
Executive Vice President
- 11600
137.59 USD
5 years ago
Nov 11, 2019
Sell 965 K USD
JOHNSTON PETER D
Executive Vice President
- 6982
138.28 USD
5 years ago
Jun 06, 2019
Sell 554 K USD
KOOP BRYAN J
Executive Vice President
- 4121
134.4 USD
5 years ago
May 16, 2019
Sell 536 K USD
KOOP BRYAN J
Executive Vice President
- 3974
134.8361 USD
5 years ago
May 15, 2019
Sell 752 K USD
KOOP BRYAN J
Executive Vice President
- 5616
133.9484 USD
5 years ago
Feb 20, 2019
Sell 254 K USD
BURT FRANK D
SVP, CLO and Secretary
- 1900
133.64 USD
5 years ago
Feb 20, 2019
Sell 13.4 K USD
BURT FRANK D
SVP, CLO and Secretary
- 100
133.65 USD
7. News
BXP Stock Rallies 24.8% in 6 Months: Will the Momentum Continue? BXP's assets in a few select markets, a well-diversified tenant base, acquisitions and a solid balance sheet position bode well for long-term growth. zacks.com - 2 days ago
5 Trusted Retirement Passive Income Dividend Stocks Every Baby Boomer Should Own Key Points The 2025 Social Security COLA increase is only 2.5%. 247wallst.com - 5 days ago
The Dark Side Of REIT Investments Not everything is perfect in REIT world. On the contrary, this is a sector in which you need to be very selective. Here are 5 types of REITs to avoid at all cost: seekingalpha.com - 1 week ago
2 Overpriced REITs To Avoid And 1 Better Buy Not all REITs are worth buying. Some very popular REITs are today overpriced. I present two of them to avoid and one better alternative. seekingalpha.com - 1 week ago
Pivotal Decisions Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality. seekingalpha.com - 2 weeks ago
BXP, Inc. (BXP) Q3 2024 Earnings Call Transcript BXP, Inc. (NYSE:BXP ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Helen Han - VP, IR Owen Thomas - Chairman and CEO Douglas Linde - President and Director Michael LaBelle - EVP and CFO Rodney Diehl - EVP, West Coast Regions Jake Stroman - EVP, Co-Head of the Washington, DC Region Hilary Spann - EVP, New York Region Conference Call Participants Nick Yulico - Scotiabank Steve Sakwa - Evercore ISI John Kim - BMO Capital Markets Jeffrey Spector - Bank of America Securities Anthony Paolone - JPMorgan Blaine Heck - Wells Fargo Michael Griffin - Citi Alexander Goldfarb - Piper Sandler Floris Van Dijkum - Compass Point LLC Caitlin Burrows - Goldman Sachs Upal Rana - KeyBanc Capital Markets Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Ronald Kamdem - Morgan Stanley Brendan Lynch - Barclays Operator Good day and thank you for standing by. Welcome to BXP's Third Quarter 2024 Earnings Conference Call. seekingalpha.com - 2 weeks ago
BXP's Q3 FFO Meets Estimates, Lease Revenues Increase Y/Y BXP's Q3 FFO per share matches estimates. Results reflect higher revenues amid healthy leasing activity. zacks.com - 2 weeks ago
Boston Properties (BXP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates The headline numbers for Boston Properties (BXP) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 weeks ago
Boston Properties (BXP) Meets Q3 FFO Estimates Boston Properties (BXP) came out with quarterly funds from operations (FFO) of $1.81 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.86 per share a year ago. zacks.com - 2 weeks ago
BXP Announces Third Quarter 2024 Results BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the third quarter ended September 30, 2024. Financial Highlights Revenue increased 4.2% to $859.2 million for the quarter ended September 30, 2024, compared to $824.3 million for the quarter ended September 30, 2023. Net income (loss) attributable to BXP, Inc. of $83.6 million, or $0.53 per diluted share (EPS), for the q. businesswire.com - 2 weeks ago
BXP Gears Up to Report Q3 Earnings: Key Factors to Consider BXP's Q3 earnings are likely to have been hurt by an elevated supply of office properties and high interest expenses despite healthy demand for premium office assets. zacks.com - 3 weeks ago
Important Trends For REIT Investors REIT investors must pay close attention to real estate trends. The office sector remains a mess and likely will for a long time to come. Multifamily is suffering temporarily, but 2025 could be a lot better. seekingalpha.com - 1 month ago
8. Profile Summary

Boston Properties, Inc. BXP

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 12.4 B
Dividend Yield 1.36%
Description Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company's portfolio totals 51.2 million square feet and 196 properties, including six properties under construction/redevelopment.
Contact Prudential Center, Boston, MA, 02199 https://www.bostonproperties.com
IPO Date June 18, 1997
Employees 836
Officers Helen Han Vice President of Investor Relations Mr. Raymond A. Ritchey Senior Executive Vice President Mr. Michael E. LaBelle Executive Vice President, Treasurer & Chief Financial Officer Mr. James J. Whalen Jr. Senior Vice President & Chief Technology Officer Mr. Bryan J. Koop Executive Vice President of Boston Region Mr. Mortimer B. Zuckerman Co-Founder & Chairman Emeritus Mr. Colin Joynt Senior Vice President & Chief Information Officer Mr. Michael R. Walsh Senior Vice President & Chief Accounting Officer Mr. Owen David Thomas Chief Executive Officer & Chairman of the Board Mr. Douglas T. Linde President & Director