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Boston Properties, Inc. BXP
Real Estate - REIT - Office - NYSE - US
Watchlist
$ 58.49
-3.19 %
$ 9.25 B
Market Cap
649.89
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BXP stock under the worst case scenario is HIDDEN Compared to the current market price of 58.5 USD, Boston Properties, Inc. is HIDDEN

BXP Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BXP stock under the base case scenario is HIDDEN Compared to the current market price of 58.5 USD, Boston Properties, Inc. is HIDDEN

BXP Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BXP stock under the best case scenario is HIDDEN Compared to the current market price of 58.5 USD, Boston Properties, Inc. is HIDDEN

BXP Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart BXP

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1M -15%
6M -45%
1Y 3%
3Y -82%
5Y -17%
All
$90.0$90.0$85.0$85.0$80.0$80.0$75.0$75.0$70.0$70.0$65.0$65.0$60.0$60.0$55.0$55.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
3.41 B REVENUE
4.10%
Growth Rates
1Year 4.10%
3Years 5.66%
5Years 2.85%
7Years 3.93%
10Years 3.58%
3.25 B OPERATING INCOME
75.89%
Growth Rates
1Year 75.89%
3Years 49.26%
5Years 23.87%
7Years 19.96%
10Years 15.01%
84.2 M NET INCOME
-55.74%
Growth Rates
1Year -55.74%
3Years -48.93%
5Years -33.60%
7Years -23.76%
10Years -16.74%
1.23 B OPERATING CASH FLOW
-5.15%
Growth Rates
1Year -5.15%
3Years 2.89%
5Years 0.89%
7Years 4.50%
10Years 5.90%
-1.24 B INVESTING CASH FLOW
-3.66%
Growth Rates
1Year -3.66%
3Years -5.97%
5Years -4.04%
7Years -4.69%
10Years -6.40%
-274 M FINANCING CASH FLOW
-35.74%
Growth Rates
1Year -35.74%
3Years 40.63%
5Years -19.34%
7Years -29.05%
10Years 8.01%
859 M REVENUE
-0.08%
Growth Rates
1Year 4.10%
3Years 5.66%
5Years 2.85%
7Years 3.93%
10Years 3.58%
0 OPERATING INCOME
0.00%
Growth Rates
1Year 75.89%
3Years 49.26%
5Years 23.87%
7Years 19.96%
10Years 15.01%
-238 M NET INCOME
-219.28%
Growth Rates
1Year -55.74%
3Years -48.93%
5Years -33.60%
7Years -23.76%
10Years -16.74%
384 M OPERATING CASH FLOW
34.13%
Growth Rates
1Year -5.15%
3Years 2.89%
5Years 0.89%
7Years 4.50%
10Years 5.90%
-387 M INVESTING CASH FLOW
-30.05%
Growth Rates
1Year -3.66%
3Years -5.97%
5Years -4.04%
7Years -4.69%
10Years -6.40%
-133 M FINANCING CASH FLOW
-17.91%
Growth Rates
1Year -35.74%
3Years 40.63%
5Years -19.34%
7Years -29.05%
10Years 8.01%
Balance Sheet Boston Properties, Inc.
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Current Assets 3.02 B
Cash & Short-Term Investments 1.25 B
Receivables 1.68 B
Other Current Assets 80.3 M
Non-Current Assets 23.1 B
Long-Term Investments 1.13 B
PP&E 708 M
Other Non-Current Assets 21.2 B
4.81 %6.45 %4.34 %81.38 %Total Assets$26.1b
Current Liabilities 1.2 B
Accounts Payable 402 M
Short-Term Debt 500 M
Other Current Liabilities 301 M
Non-Current Liabilities 16.9 B
Long-Term Debt 16.5 B
Other Non-Current Liabilities 451 M
90.88 %Total Liabilities$18.1b
EFFICIENCY
Earnings Waterfall Boston Properties, Inc.
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Revenue 3.41 B
Cost Of Revenue 1.6 M
Gross Profit 3.41 B
Operating Expenses 160 M
Operating Income 3.25 B
Other Expenses 3.16 B
Net Income 84.2 M
4b4b3b3b3b3b2b2b2b2b1b1b500m500m003b(2m)3b(160m)3b(3b)84mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
99.95% GROSS MARGIN
99.95%
Averages
1Year 99.95%
3Years 75.23%
5Years 70.36%
7Years 68.17%
10Years 66.78%
95.26% OPERATING MARGIN
95.26%
Averages
1Year 95.26%
3Years 61.48%
5Years 49.64%
7Years 45.63%
10Years 42.07%
0.42% NET MARGIN
0.42%
Averages
1Year 0.42%
3Years 8.33%
5Years 9.39%
7Years 10.07%
10Years 13.17%
0.18% ROE
0.18%
Averages
1Year 0.18%
3Years 4.31%
5Years 4.63%
7Years 4.88%
10Years 6.11%
0.05% ROA
0.05%
Averages
1Year 0.05%
3Years 1.07%
5Years 1.17%
7Years 1.29%
10Years 1.73%
2.17% ROIC
2.17%
Averages
1Year 2.17%
3Years 3.96%
5Years 2.88%
7Years 2.60%
10Years 2.12%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Boston Properties, Inc.
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1b1b1b1b1b1b800m800m600m600m400m400m200m200m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 84.2 M
Depreciation & Amortization 888 M
Capital Expenditures 0
Stock-Based Compensation 43.9 M
Change in Working Capital -204 M
Others 269 M
Free Cash Flow 1.23 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 $79.9 , with forecasts ranging from a low of $65 to a high of $105 .
BXP Lowest Price Target Wall Street Target
65 USD 11.13%
BXP Average Price Target Wall Street Target
79.9 USD 36.53%
BXP Highest Price Target Wall Street Target
105 USD 79.52%
Price
Max Price Target
Min Price Target
Average Price Target
11011010010090908080707060605050May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
1.47% DIVIDEND YIELD
0.98 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
4.004.003.503.503.003.002.502.502.002.001.501.501.001.000.500.500.000.000.650.650.750.80.950.980.980.980.980.980.980.650.650.750.80.950.980.980.980.980.980.650.650.750.950.950.980.980.980.980.981.93.850.752.700.83.050.953.500.983.830.983.920.983.920.983.920.983.920.983.920.982015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Boston Properties, Inc.
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Sold
0-3 MONTHS
1.04 M USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
1.97 M USD 2
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
7. News
Mousetraps: 9 High-Yield REITS With Potentially Unsafe Dividends The recent sell-off has increased the temptation to reach for some of the many high-yield REITs, but beware of "mousetrap" REITs with unsustainable dividends. Dividend safety is crucial; a cut can lead to plummeting share prices and reduced income, leaving investors with significant losses. Seeking Alpha Premium's Dividend Safety score helps identify risky REITs; grades range from A+ (safe) to F (high risk of cuts). seekingalpha.com - 1 week ago
BXP Upsizes Unsecured Credit Facility to $2.95 Billion & Commercial Paper Program to $750 Million BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has (1) amended its existing unsecured revolving credit facility to extend its maturity date and increase its revolver borrowing capacity by $250 million to $2.25 billion, (2) extended its $700 million unsecured term loan facility, and (3) increased the. businesswire.com - 2 weeks ago
BXP: Strong Player In Office Real Estate Boston Properties offers a 5.7% dividend yield, with properties in prime locations, making it attractive despite challenges in the office real estate market. Office space demand has declined, but high-quality A locations remain stable, presenting opportunities as BXP leases to financially strong Fortune 500 clients. Rising interest rates and debt refinancing pose risks, but potential rate cuts and stable rental income could improve financials and investor confidence. seekingalpha.com - 3 weeks ago
2 Dirt-Cheap Dividend Sectors With Massive Tailwinds Investors Are Ignoring These dividend-paying sectors are priced like they're in crisis — yet fundamentals have never looked stronger. One sector offers extremely compelling combinations of yields and growth. The other sector could see massive upside in the near term. seekingalpha.com - 3 weeks ago
BXP Declares Regular Quarterly Dividend BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period January 1, 2025 to March 31, 2025, payable on April 30, 2025 to shareholders of record as of the close of business on March 31, 2025. BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and man. businesswire.com - 1 month ago
Tariff Turbulence US equity markets tumbled this week - suffering its worst week in six months - as disappointing employment reports and fast-shifting tariff policy failed to improve skittish investor sentiment. Reminiscent of Fed Chair Powell's infamous August 2022 "some pain ahead" speech, the Trump Administration warned of a "little disturbance" and a necessary "detox period" for the U.S. economy. Softer-than-expected employment data this week fueled doubts that sweeping overhauls to trade policy and fiscal spending can be accomplished without risking a recession. seekingalpha.com - 1 month ago
BXP Partners With CrossHarbor & Albanese to Develop 290 Coles Street To boost its residential portfolio, BXP collaborates with CrossHarbor Capital, Albanese Organization and its partner to develop a $400M residential unit. zacks.com - 1 month ago
BXP Forms Joint Venture with Albanese Organization and CrossHarbor Capital to Develop 290 Coles Street in Jersey City, New Jersey NEW YORK--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that on March 5, 2025, it completed the formation of a joint venture to develop 290 Coles Street, a full-block, 1.75 acre site between Coles Street, Jersey Avenue, and 16th and 17th Streets in Jersey City, New Jersey. The property will be developed into a 670-unit market-rate residential project offering panoramic views of the Hudson R. businesswire.com - 1 month ago
Buried Treasures: 4 Dramatically Undervalued REITs REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least 75 basis points above the no-risk rate on Treasuries, while selling at discounts of 20% or greater to their Target Fair Value. The list is then screened for dividend safety, to eliminate sucker yields, and for stable revenues, excluding those with flat or declining FFO/share. seekingalpha.com - 1 month ago
Boston Properties (BXP) Up 1.7% Since Last Earnings Report: Can It Continue? Boston Properties (BXP) reported earnings 30 days ago. What's next for the stock? zacks.com - 1 month ago
BXP to Present at the 2025 Citi Global Property CEO Conference BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Owen Thomas – Chairman & Chief Executive Officer, Doug Linde – President and Mike LaBelle – Chief Financial Officer, will participate in a roundtable discussion at the 2025 Citi Global Property CEO Conference, which will be held at the Diplomat Resort & Spa from March 2-5, 2025, in Hollywood, Florida. BXP's presentatio. businesswire.com - 1 month ago
An Important Warning For Dividend Investors Dividend stocks may look cheap, but are they actually value traps? We uncover the truth. The REIT, energy, and BDC sectors face major headwinds—find out which stocks to avoid. Our high-yield strategy targets hidden gems while sidestepping the biggest pitfalls. seekingalpha.com - 2 months ago
8. Profile Summary

Boston Properties, Inc. BXP

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 9.25 B
Dividend Yield 1.47%
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 816
Officers Mr. Owen David Thomas Chief Executive Officer & Chairman of the Board Mr. Colin Joynt Senior Vice President & Chief Information Officer Mr. Bryan J. Koop Executive Vice President of Boston Region Mr. Michael R. Walsh Senior Vice President & Chief Accounting Officer Helen Han Vice President of Investor Relations Mr. Michael E. LaBelle Executive Vice President, Treasurer & Chief Financial Officer Mr. Raymond A. Ritchey Senior Executive Vice President Mr. Douglas T. Linde President & Director Mr. Mortimer B. Zuckerman Co-Founder & Chairman Emeritus Mr. James J. Whalen Jr. Senior Vice President & Chief Technology Officer