BXPBXP, Inc. demonstrates a stable profile as a premier workplace developer, with consistent dividend payments. However, recent performance indicates challenges, and valuation metrics suggest it might be fully valued. Investors should consider its REIT structure and focus on specific gateway markets. Thematic alignment is neutral, with no strong tech or growth drivers identified.
BXP operates in the real estate sector, specifically premier workplaces in major US gateway markets. While this provides some stability and exposure to economic activity, it lacks strong alignment with high-growth secular themes like AI or renewable energy. The focus on traditional office space may be a headwind in evolving work environments.
BXP exhibits moderate financial health. While revenue has grown, net income has been volatile, leading to negative EPS in the Trailing Twelve Months (TTM). The company carries significant debt relative to its equity and cash flow, though it has a consistent dividend payout. Valuation multiples are mixed, with a high P/E for TTM due to negative earnings.
The stock is trading below its 50-day and 200-day moving averages, indicating a bearish trend. Momentum indicators are mixed, with some suggesting a potential for a bounce but overall pointing towards weakness. Key support levels are being tested.
| Factor | Score |
|---|---|
| Office Real Estate Demand | 50 |
| Gateway Market Concentration | 60 |
| REIT Structure Benefits | 70 |
| Development Pipeline | 55 |
| Interest Rate Sensitivity | 40 |
| Factor | Score |
|---|---|
| Valuation | 50 |
| Profitability | 20 |
| Growth | 45 |
| Balance Sheet Health | 40 |
| Cash Flow | 75 |
| Dividend Yield | 80 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 50 |
| Volume Confirmation | 60 |
| Support & Resistance | 70 |
| Short-term Performance | 65 |
Attractive Valuation Metrics
The company exhibits a P/S ratio of 3.4 for 2023, which is lower than its 2021 P/S ratio of 5.2, suggesting potential undervaluation relative to historical performance.
Consistent Dividend Payments
The company has consistently paid a quarterly dividend of $0.98, with a dividend yield fluctuating between 5.1% and 8.6% over the past few years, indicating a commitment to returning value to shareholders.
High Valuation Multiple for 2024
The P/E ratio for 2024 is 801.3, significantly higher than in previous years (e.g., 13.2 in 2022), indicating the stock may be overvalued based on current earnings.
Negative Net Income in Recent Quarter
The company reported a net income of -$228.85 million in Q4 2024, with a negative net margin of -26.7%, raising concerns about recent profitability.
June 2025
30
Ex-Dividend Date
July 2025
30
Next Earnings Date
H: $
A: $
L: $
H: 867.74M
A: 858.06M
L: 838.97M
July 2025
31
Next Dividend Date
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.
77.17 USD
The 39 analysts offering 1 year price forecasts for BXP have a max estimate of 91.00 and a min estimate of 65.00.