Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
BXP 
Boston Properties Inc (BXP)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/10/2025: BXP (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
22 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $79.76
1 Year Target Price $79.76
| 6 | Strong Buy |
| 3 | Buy |
| 11 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 36.99% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/10/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 12.20B USD | Price to earnings Ratio - | 1Y Target Price 79.76 |
Price to earnings Ratio - | 1Y Target Price 79.76 | ||
Volume (30-day avg) 22 | Beta 1.01 | 52 Weeks Range 52.95 - 78.59 | Updated Date 12/10/2025 |
52 Weeks Range 52.95 - 78.59 | Updated Date 12/10/2025 | ||
Dividends yield (FY) 5.31% | Basic EPS (TTM) -1.28 |
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 -5.85% | Operating Margin (TTM) 28.56% |
Management Effectiveness
Return on Assets (TTM) 2.38% | Return on Equity (TTM) -1.88% |
Valuation
Trailing PE - | Forward PE 30.58 | Enterprise Value 27346487983 | Price to Sales(TTM) 3.56 |
Enterprise Value 27346487983 | Price to Sales(TTM) 3.56 | ||
Enterprise Value to Revenue 7.89 | Enterprise Value to EBITDA 19.27 | Shares Outstanding 158468685 | Shares Floating 147017738 |
Shares Outstanding 158468685 | Shares Floating 147017738 | ||
Percent Insiders 0.41 | Percent Institutions 111.75 |
Upturn AI SWOT
Boston Properties Inc
Company Overview
History and Background
Boston Properties Inc. (BXP) was founded in 1970 by Mortimer B. Zuckerman and Edward J. Linde. It is a fully integrated real estate investment trust (REIT) that develops, owns, and manages a portfolio of first-class office buildings and life science properties. The company went public in 1997. Significant milestones include its expansion into major metropolitan markets like New York City, Washington D.C., and San Francisco, and its increasing focus on life science properties to diversify its portfolio.
Core Business Areas
- Office Properties: Developing, owning, and managing premium office buildings in major U.S. urban markets. These properties are designed for a wide range of tenants, from technology and finance to law and professional services.
- Life Science Properties: Developing, owning, and managing state-of-the-art laboratory and research facilities catering to the growing life sciences industry. This segment includes specialized infrastructure and amenities required for biotech and pharmaceutical companies.
- Retail Properties: Owning and operating a select portfolio of retail spaces, often integrated with their office developments, providing amenities for tenants and the surrounding community.
Leadership and Structure
Boston Properties is led by a Board of Directors and a senior management team. Key executives include Owen Thomas (CEO), Frank D. Petroni (President and Chief Investment Officer), and Michael E. LaBelle (Chief Financial Officer). The company operates as a REIT, which is a trust that owns, operates, or finances income-generating real estate. Its structure emphasizes a focus on high-quality assets in prime locations.
Top Products and Market Share
Key Offerings
- Competitors: Brookfield Properties, Vornado Realty Trust, SL Green Realty Corp.
- Description: Premium office buildings in prime urban locations characterized by high-quality construction, desirable amenities, and excellent accessibility. The market share for Class A office space is highly fragmented, with BXP being a significant player in its chosen markets. Competitors include other major REITs and private real estate firms.
- Market Share Data:
- Product Name 1: Class A Office Space
- Competitors: Alexandria Real Estate Equities, BioMed Realty (Blackstone), Kilroy Realty Corporation.
- Description: Specialized facilities for biotechnology, pharmaceutical, and research companies, featuring advanced infrastructure, specialized ventilation, and laboratory equipment. This is a growing segment, and BXP is increasing its presence. Competitors are often specialized developers or REITs focusing on this niche.
- Market Share Data:
- Product Name 2: Life Science & Lab Space
Market Dynamics
Industry Overview
The commercial real estate industry, particularly office and life science sectors, is influenced by macroeconomic factors, interest rates, employment trends, and technological advancements (e.g., remote work). The life science sector is driven by innovation, venture capital funding, and demand for new treatments and therapies. The office market is experiencing a shift towards hybrid work models, impacting occupancy rates and demand for flexible spaces.
Positioning
Boston Properties is positioned as a leading owner, developer, and manager of premier real estate. Its competitive advantages include its portfolio of high-quality, well-located properties, a strong track record of development and leasing, a diversified tenant base, and a strategic focus on growth markets and the life science sector. Its scale and financial strength also provide a significant advantage.
Total Addressable Market (TAM)
The TAM for institutional-quality office and life science properties in major U.S. metropolitan areas is in the hundreds of billions of dollars. Boston Properties' strategy is to focus on specific submarkets within these TAMs where it can achieve a leading position and deliver superior returns. The company aims to capture a significant share of the demand for premium, amenitized space in resilient markets.
Upturn SWOT Analysis
Strengths
- High-quality, well-located portfolio of office and life science properties.
- Strong tenant relationships and high occupancy rates in core markets.
- Experienced management team with a proven track record.
- Significant development pipeline and ability to create value through development.
- Strong balance sheet and access to capital.
Weaknesses
- Concentration in office properties, which are facing secular shifts (e.g., remote work).
- Exposure to specific major metropolitan markets, making it susceptible to regional economic downturns.
- High capital expenditure requirements for development and property upgrades.
Opportunities
- Growth in the life science sector due to increasing R&D spending and innovation.
- Acquisitions of well-located assets to expand the portfolio.
- Repositioning of existing assets to meet evolving tenant needs.
- Development of new properties in high-demand markets.
- Exploiting demand for sustainable and amenity-rich buildings.
Threats
- Economic downturns and recessions impacting tenant demand and leasing activity.
- Rising interest rates increasing borrowing costs and impacting property valuations.
- Increased competition for prime development sites and acquisition targets.
- Changes in tenant preferences and work-from-home trends affecting office occupancy.
- Potential for oversupply in certain submarkets.
Competitors and Market Share
Key Competitors
- Brookfield Properties
- Vornado Realty Trust (VNO)
- SL Green Realty Corp. (SLG)
- Hudson Pacific Properties (HPP)
- Alexandria Real Estate Equities (ARE)
Competitive Landscape
Boston Properties competes in a highly competitive market. Its advantages lie in its prime locations, high-quality assets, and strong tenant relationships. However, competitors may have greater diversification or operate in different geographic regions. The life science sector is becoming increasingly competitive with specialized developers and REITs focusing on this niche.
Growth Trajectory and Initiatives
Historical Growth: Boston Properties has demonstrated consistent growth over the years, driven by strategic acquisitions, successful development projects, and strong leasing execution in its core markets. The company has a history of adapting its portfolio to market opportunities, including the recent emphasis on life science properties.
Future Projections: Analysts generally project continued growth for Boston Properties, driven by its ongoing development pipeline, the strong fundamentals of the life science sector, and its ability to attract and retain high-quality tenants in its office portfolio. Future performance will be contingent on economic conditions and the evolution of work-from-home trends. (Note: Specific analyst projections require current market research.)
Recent Initiatives: Recent initiatives include ongoing development projects in key markets, expansion of its life science portfolio through new construction and acquisitions, and a focus on sustainability and ESG (Environmental, Social, and Governance) initiatives to enhance property appeal and operational efficiency.
Summary
Boston Properties is a well-established REIT with a strong portfolio of premium office and growing life science properties. Its strengths lie in its prime locations, development expertise, and experienced management. However, the company faces headwinds from evolving office market dynamics due to remote work. Continued focus on the resilient life science sector and strategic asset management will be crucial for sustained growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (SEC)
- Financial News and Analysis Websites
- Industry Market Research Reports
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Data accuracy and completeness are subject to the information available from public sources at the time of generation. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.bxp.com |
Full time employees 816 | Website https://www.bxp.com | ||
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 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of September 30, 2025, including properties owned by unconsolidated joint ventures, BXP's portfolio totals 54.6 million square feet and 187 properties, including eight properties under construction/redevelopment.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.