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Boston Properties Inc (BXP)

Upturn stock ratingUpturn stock rating
$78.93
Last Close (24-hour delay)
Today's Top PicksToday’s top pick
Profit since last BUY8.85%
upturn advisory
Strong Buy
BUY since 12 days
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

09/16/2025: BXP (4-star) is a STRONG-BUY. BUY since 12 days. Simulated Profits (8.85%). Updated daily EoD!

Upturn Star Rating

rating

Above Average Performance

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

Number of Analysts

rating

22 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $78.22

1 Year Target Price $78.22

Analysts Price Target For last 52 week
$78.22 Target price
52w Low $53.45
Current$78.93
52w High $86.38

Analysis of Past Performance

Type Stock
Historic Profit 54.17%
Avg. Invested days 46
Today’s Advisory Strong 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 09/16/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 13.65B USD
Price to earnings Ratio 3890.5
1Y Target Price 78.22
Price to earnings Ratio 3890.5
1Y Target Price 78.22
Volume (30-day avg) 22
Beta 1.24
52 Weeks Range 53.45 - 86.38
Updated Date 09/16/2025
52 Weeks Range 53.45 - 86.38
Updated Date 09/16/2025
Dividends yield (FY) 5.08%
Basic EPS (TTM) 0.02

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 0.15%
Operating Margin (TTM) 29.01%

Management Effectiveness

Return on Assets (TTM) 2.45%
Return on Equity (TTM) 0.95%

Valuation

Trailing PE 3890.5
Forward PE 39.84
Enterprise Value 28352545247
Price to Sales(TTM) 4
Enterprise Value 28352545247
Price to Sales(TTM) 4
Enterprise Value to Revenue 8.21
Enterprise Value to EBITDA 17.39
Shares Outstanding 158376000
Shares Floating 147021574
Shares Outstanding 158376000
Shares Floating 147021574
Percent Insiders 0.39
Percent Institutions 110.56

ai summary icon Upturn AI SWOT

Boston Properties Inc

stock logo

Company Overview

overview logo History and Background

Boston Properties, Inc. (BXP) was founded in 1970. It is a self-administered and self-managed real estate investment trust (REIT). It has grown through strategic acquisitions and development of Class A office properties.

business area logo Core Business Areas

  • Office Properties: Owns, manages, and develops Class A office properties in select markets.
  • Retail Properties: Includes retail spaces within or adjacent to its office properties.
  • Residential Properties: Includes residential units primarily adjacent to their larger developments.
  • Life Science Properties: Develops and manages laboratory/life science buildings.

leadership logo Leadership and Structure

Owen D. Thomas is the CEO. The company operates as a REIT with a board of directors overseeing management.

Top Products and Market Share

overview logo Key Offerings

  • Class A Office Space: Leases Class A office space to tenants. Market share is not publicly available, but BXP is a leading office REIT. Competitors include SL Green Realty Corp. (SLG), Vornado Realty Trust (VNO).
  • Life Science Buildings: Develops and leases lab and research spaces. Market share is difficult to define as BXP competes with Alexandria Real Estate Equities (ARE) and others in specific submarkets. Competitors include Alexandria Real Estate Equities (ARE).

Market Dynamics

industry overview logo Industry Overview

The REIT sector is influenced by interest rates, economic growth, and property demand. Demand for office space is evolving due to remote work trends while the demand for life science space is strong. Rising interest rates and inflation are significant challenges.

Positioning

Boston Properties is a premier office REIT focused on gateway markets. Its strengths lie in high-quality assets and strong tenant relationships. They are positioned towards large corporate clients with needs in urban areas. Its competitive advantages include strong development capabilities and a focus on premier locations.

Total Addressable Market (TAM)

The estimated total addressable market for commercial real estate (CRE) is substantial, estimated at trillions of dollars globally. Boston Properties focuses on gateway markets which is a significantly smaller percentage of this overall figure. They are positioned to compete for high-end tenants within this market, representing a smaller, yet profitable segment of the larger commercial real estate market.

Upturn SWOT Analysis

Strengths

  • High-quality Class A properties
  • Strong tenant relationships
  • Experienced management team
  • Focus on gateway markets
  • Strong development capabilities

Weaknesses

  • High concentration in specific markets
  • Vulnerable to economic downturns
  • High debt levels
  • Exposure to declining office demand

Opportunities

  • Expanding into new markets
  • Developing life science properties
  • Increasing occupancy rates
  • Capitalizing on demand for flexible workspace
  • Strategic acquisition of properties.

Threats

  • Rising interest rates
  • Economic recession
  • Increased competition
  • Changes in tenant demand due to remote work
  • Property taxes increases

Competitors and Market Share

competitor logo Key Competitors

  • SLG
  • VNO
  • ARE

Competitive Landscape

Boston Properties competes on quality, location, and tenant services. It faces competition from other REITs, private developers, and property owners. Key competitors will include companies that also focus on building Class A properties and the life sciences industry.

Major Acquisitions

751 Gateway Boulevard

  • Year: 2022
  • Acquisition Price (USD millions): 291
  • Strategic Rationale: Acquisition of life science campus in South San Francisco, furthering life science portfolio.

Growth Trajectory and Initiatives

Historical Growth: Historically, Boston Properties has grown through acquisitions, developments, and organic rent increases. Over the past few years they have been adding office spaces and some residencies.

Future Projections: Future growth depends on the economic environment, leasing activity, and the company's development pipeline. Analyst estimates vary, but generally project moderate growth in FFO. Projections are highly susceptible to changes in macroeconomic factors.

Recent Initiatives: Recent initiatives include developing new life science properties and redeveloping existing office spaces.

Summary

Boston Properties is a leading office REIT with high-quality assets in desirable markets. They have faced challenges due to remote work and rising interest rates, but they have a strong focus on innovation and life science. Their balance sheet carries a heavy load of debt and could make it difficult to grow aggressively. Maintaining occupancy rates and managing debt are critical for future success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company reports, SEC filings, Analyst reports, Market research reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change.

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). As of June 30, 2025, including properties owned by unconsolidated joint ventures, BXP's portfolio totals 53.7 million square feet and 186 properties, including ten properties under construction/redevelopment.