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Boston Properties Inc (BXP)

Upturn stock ratingUpturn stock rating
$68.6
Last Close (24-hour delay)
Profit since last BUY1.03%
upturn advisory
Regular Buy
BUY since 28 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Upturn Advisory Summary

06/27/2025: BXP (3-star) is a REGULAR-BUY. BUY since 28 days. Profits (1.03%). Updated daily EoD!

Upturn Star Rating

ratingratingratingratingrating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

22 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Year Target Price $76.37

Year Target Price $76.37

Analyst’s Price TargetsFor last 52 week
$76.37Target price
Low$54.22
Current$68.6
high$87.63

Analysis of Past Performance

Type Stock
Historic Profit 45.67%
Avg. Invested days 49
Today’s Advisory Regular Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 12.12B USD
Price to earnings Ratio -
1Y Target Price 76.32
Price to earnings Ratio -
1Y Target Price 76.32
Volume (30-day avg) -
Beta 1.19
52 Weeks Range 54.22 - 87.63
Updated Date 06/29/2025
52 Weeks Range 54.22 - 87.63
Updated Date 06/29/2025
Dividends yield (FY) 5.71%
Basic EPS (TTM) -0.03

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -0.13%
Operating Margin (TTM) 28.38%

Management Effectiveness

Return on Assets (TTM) 2.46%
Return on Equity (TTM) 0.8%

Valuation

Trailing PE -
Forward PE 35.97
Enterprise Value 26898650285
Price to Sales(TTM) 3.57
Enterprise Value 26898650285
Price to Sales(TTM) 3.57
Enterprise Value to Revenue 7.83
Enterprise Value to EBITDA 16.8
Shares Outstanding 158324992
Shares Floating 147271956
Shares Outstanding 158324992
Shares Floating 147271956
Percent Insiders 0.21
Percent Institutions 108.16

Analyst Ratings

Rating 3.55
Target Price 76.37
Buy 3
Strong Buy 6
Buy 3
Strong Buy 6
Hold 11
Sell 1
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Boston Properties Inc

stock logo

Company Overview

overview logo History and Background

Boston Properties (BXP) was founded in 1970. It became a publicly traded REIT in 1997. Initially focused on Boston, it has expanded to major US markets, developing and acquiring premier office properties.

business area logo Core Business Areas

  • Office: Ownership, management, development, and acquisition of Class A office properties, primarily in urban markets.
  • Retail: Ownership, management, and leasing of retail spaces primarily within its office properties.
  • Residential: Development and ownership of residential properties, often in mixed-use developments alongside office properties.
  • Hotel: Ownership and management of Hotels. BXP only owns a small number of hotels. BXP will sometimes sell the management to another company.

leadership logo Leadership and Structure

Owen D. Thomas serves as CEO. The company operates as a REIT with a board of directors overseeing strategic decisions. The structure is departmentalized by region and property type, with centralized corporate functions.

Top Products and Market Share

overview logo Key Offerings

  • Class A Office Space: High-quality office properties in gateway markets. BXP has 52.4 million square feet of office space as of December 31, 2023. Competitors include SL Green, Vornado Realty Trust, and Kilroy Realty.
  • Retail Space: Retail spaces integrated into office and mixed-use properties. The exact revenue figures are not publicly broken out and are reported by the company in the broader office segment. Competitors are other REITs with a large real estate portfolio in gateway market.
  • Residential Properties: Luxury residential units within mixed-use developments. Revenue data is reported as a small portion of the retail segment and is not broken out for specific figures. Competitors are other real estate REITS and luxury residential owners in gateway markets

Market Dynamics

industry overview logo Industry Overview

The REIT industry is affected by interest rates, economic growth, and demand for physical office space. The hybrid working model has impacted demand for office space. Inflationary pressures are impacting operating expenses.

Positioning

BXP is a leading REIT focused on premier properties in high-barrier-to-entry markets. Its strengths include high-quality assets and a strong tenant base.

Total Addressable Market (TAM)

The total US commercial real estate market is valued in the trillions of dollars. BXP is positioned as a major player, but market share is fragmented across many REITs and private owners. The total addressable market is massive but the percentage that BXP can obtain is limited given their conservative growth strategy.

Upturn SWOT Analysis

Strengths

  • High-quality Class A office portfolio
  • Strong presence in gateway markets
  • Experienced management team
  • Solid balance sheet and access to capital
  • Strong relationships with tenants

Weaknesses

  • High concentration in office sector
  • Exposure to economic cycles
  • Dependence on large tenants
  • Sensitivity to interest rate changes

Opportunities

  • Acquire undervalued assets
  • Develop new properties in growth markets
  • Expand into new property types (e.g., life science)
  • Increase focus on sustainability and ESG initiatives
  • Capitalize on demand for mixed-use developments

Threats

  • Economic downturns
  • Rising interest rates
  • Increased competition
  • Changes in tenant preferences (e.g., remote work)
  • Geopolitical risks

Competitors and Market Share

competitor logo Key Competitors

  • SL Green Realty Corp (SLG)
  • Vornado Realty Trust (VNO)
  • Kilroy Realty Corp (KRC)

Competitive Landscape

BXP's advantages include its Class A portfolio, strong tenant relationships, and development capabilities. Disadvantages include its concentration in the office sector and sensitivity to economic cycles. It is a leader in sustainability.

Major Acquisitions

1800 Atlantic Street Stamford, CT

  • Year: 2023
  • Acquisition Price (USD millions): 110
  • Strategic Rationale: High-quality suburban office asset with strong transit connectivity.

Growth Trajectory and Initiatives

Historical Growth: BXP has grown through acquisitions, development, and organic leasing activity.

Future Projections: Future growth is tied to demand for office space and BXP's ability to execute strategic initiatives. Analyst estimates vary depending on economic outlook.

Recent Initiatives: Recent initiatives include sustainable building practices, development of lab and life science properties, and capital recycling through dispositions and acquisitions.

Summary

Boston Properties is a leading REIT with a strong portfolio of Class A office properties. Its focus on gateway markets and sustainability is working well. It needs to be aware of the changes in the office working environment and the threat from higher interest rates. While the company has adapted well in a changing market it still must continue to innovate.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Boston Properties Investor Relations
  • SEC Filings
  • Analyst Reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market data can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Boston Properties Inc

Exchange NYSE
Headquaters Boston, MA, United States
IPO Launch date 1997-06-18
CEO & Chairman of the Board Mr. Owen David Thomas
Sector Real Estate
Industry REIT - Office
Full time employees 816
Full time employees 816

BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). Including properties owned by unconsolidated joint ventures, BXP's portfolio totals 53.3 million square feet and 185 properties, including seven properties under construction/redevelopment.