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BXP 
Boston Properties Inc (BXP)
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Upturn Advisory Summary
01/09/2026: 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 $78.62
1 Year Target Price $78.62
| 6 | Strong Buy |
| 3 | Buy |
| 11 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 37.01% | 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 01/09/2026 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 11.86B USD | Price to earnings Ratio - | 1Y Target Price 78.62 |
Price to earnings Ratio - | 1Y Target Price 78.62 | ||
Volume (30-day avg) 22 | Beta 1.03 | 52 Weeks Range 52.41 - 77.80 | Updated Date 01/9/2026 |
52 Weeks Range 52.41 - 77.80 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 5.50% | 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 29.5 | Enterprise Value 26966163139 | Price to Sales(TTM) 3.46 |
Enterprise Value 26966163139 | Price to Sales(TTM) 3.46 | ||
Enterprise Value to Revenue 7.79 | Enterprise Value to EBITDA 19 | Shares Outstanding 158468685 | Shares Floating 147017738 |
Shares Outstanding 158468685 | Shares Floating 147017738 | ||
Percent Insiders 0.41 | Percent Institutions 111.74 |
Upturn AI SWOT
Boston Properties Inc
Company Overview
History and Background
Boston Properties Inc. (BXP) was founded in 1970 by Mortimer B. Zuckerman. It is a fully integrated real estate investment trust (REIT) that develops, owns, and manages first-class office buildings, and to a lesser extent, life science and residential properties. The company has grown significantly through strategic acquisitions and development projects, establishing a strong presence in major US markets like Boston, New York, San Francisco, Los Angeles, Washington D.C., and Cambridge. A key milestone was its initial public offering (IPO) in 1997.
Core Business Areas
- Office Properties: The primary business segment, encompassing the development, ownership, leasing, and management of premium office buildings in major urban centers. These properties are characterized by their prime locations, high-quality construction, and amenities that attract major corporations.
- Life Science Properties: A growing segment focused on developing and managing specialized real estate for the life sciences industry, including research and development facilities and laboratories. This segment benefits from the strong demand driven by pharmaceutical and biotech companies.
- Residential Properties: While a smaller segment, BXP also owns and operates residential properties, primarily in urban areas, often as part of mixed-use developments. This segment offers diversification and can capture rental income.
Leadership and Structure
Boston Properties Inc. is led by a seasoned management team with deep industry experience. The organizational structure is designed for efficient operations across its geographically diverse portfolio, with strong central oversight for strategic decision-making and localized management for property operations and tenant relations. Key leadership roles include the Chairman and CEO, President, and Chief Financial Officer.
Top Products and Market Share
Key Offerings
- Premium Office Space: [object Object]
- Life Science Facilities: [object Object]
- Mixed-Use Development: [object Object]
Market Dynamics
Industry Overview
The commercial real estate industry, particularly the office sector, is undergoing significant transformation due to the rise of hybrid work models and increased demand for flexible and technologically advanced spaces. The life science sector, however, continues to experience robust growth driven by innovation and investment. The REIT market as a whole is influenced by interest rate fluctuations, economic conditions, and investor sentiment towards real assets.
Positioning
Boston Properties Inc. is positioned as a premier owner and developer of high-quality, sustainable office and life science properties in the nation's most dynamic markets. Its competitive advantages include its prime locations, a strong tenant roster with long-term leases, a well-established reputation for quality and reliability, and a disciplined development strategy. The company's focus on sustainability and tenant experience further differentiates it.
Total Addressable Market (TAM)
The TAM for premium office and life science space in major US metropolitan areas is in the hundreds of billions of dollars. Boston Properties Inc. is a significant player within this TAM, focusing on top-tier assets in high-demand submarkets. Its strategy is to capture a substantial share of the premium segment rather than attempting to compete across the entire spectrum of commercial real estate.
Upturn SWOT Analysis
Strengths
- Prime real estate locations in highly desirable urban markets.
- Strong financial position and access to capital.
- Experienced management team with a proven track record.
- High-quality, modern, and sustainable portfolio.
- Diversified tenant base with long-term leases.
Weaknesses
- High concentration in office properties, susceptible to changing work trends.
- Significant debt leverage, though managed prudently.
- Reliance on economic cycles and interest rate movements.
- Limited geographic diversification compared to some competitors.
Opportunities
- Growth in the life science sector and demand for specialized facilities.
- Acquisition of well-located, underperforming assets for repositioning.
- Development of new, innovative properties catering to future tenant needs.
- Expansion into emerging urban markets with strong growth potential.
- Increased demand for sustainable and ESG-compliant buildings.
Threats
- Potential long-term impact of remote and hybrid work on office demand.
- Rising interest rates increasing borrowing costs and impacting property valuations.
- Economic downturns leading to tenant defaults or reduced leasing activity.
- Increased competition from other REITs and private real estate investors.
- Regulatory changes impacting real estate development and ownership.
Competitors and Market Share
Key Competitors
- SL Green Realty Corp. (SLG)
- Kilroy Realty Corporation (KRC)
- Alexandria Real Estate Equities, Inc. (ARE)
Competitive Landscape
Boston Properties Inc. competes with other major REITs and private real estate investment firms. Its advantages lie in its concentrated portfolio of premium properties in core markets, strong tenant relationships, and development expertise. However, it faces competition from companies with broader geographic diversification or more aggressive growth strategies. The life science sector presents a particular competitive landscape with specialized players like Alexandria Real Estate Equities.
Growth Trajectory and Initiatives
Historical Growth: Boston Properties Inc. has achieved consistent historical growth through a combination of organic leasing of its existing portfolio, strategic development projects, and accretive acquisitions. Its focus on high-quality assets in prime locations has driven long-term value appreciation.
Future Projections: Analyst projections generally indicate continued moderate growth for Boston Properties Inc., driven by the strong fundamentals of the life science sector and the company's ability to attract and retain high-quality tenants in its office portfolio. However, projections are subject to market conditions and evolving work trends. Expected annual growth rate is in the range of 4-6%.
Recent Initiatives: Recent initiatives include the continued development of life science facilities, strategic acquisitions of well-positioned assets, and investments in sustainability and energy efficiency across its portfolio to meet growing tenant and investor demand for ESG-compliant properties. The company is also actively exploring opportunities in mixed-use development to create more integrated urban environments.
Summary
Boston Properties Inc. is a strong player in the premium office and life science real estate market, benefiting from prime locations and high-quality assets. Its financial performance is stable, and it has a track record of returning value to shareholders. The company's primary challenge is adapting to evolving work trends in the office sector, while its strength lies in the booming life science market. Continued focus on sustainability and strategic development will be crucial for its future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Boston Properties Inc. Investor Relations Filings (SEC)
- Financial News and Analysis Websites (e.g., Wall Street Journal, Bloomberg, Yahoo Finance)
- Industry Research Reports
Disclaimers:
This JSON output is generated based on publicly available information and financial data as of the last update. It is intended for informational purposes only and does not constitute financial advice. Market share data and specific financial figures can fluctuate. Investors should conduct their own due diligence before making investment decisions.
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.
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