BXP, Inc. Poised for Q1 2025 Earnings Release Amid Mixed Performance

With a market capitalization of around $10 billion, BXP, Inc. (BXP) ranks as the largest publicly traded developer, owner, and manager of premium office spaces in the United States. The company has a strong presence in six major gateway markets, including Boston, Los Angeles, and New York. Headquartered in Boston, Massachusetts, BXP operates as a real estate investment trust (REIT) and manages a large portfolio that encompasses 53.3 million square feet across 185 properties.

Upcoming Financial Report and Analyst Projections

BXP is set to announce its fiscal Q1 2025 earnings after the market closes on Tuesday, April 29. Analysts expect the company to report funds from operations (FFO) of $1.64 per share, which would mark a decline of 5.2% compared to $1.73 per share during the same quarter last year. Notably, BXP has consistently met or exceeded Wall Street’s earnings expectations in its last four quarterly reports.

Fiscal Outlook for 2025 and Beyond

For fiscal 2025, analysts anticipate BXP to report FFO of $6.90 per share, reflecting a decrease of 2.8% from $7.10 per share in fiscal 2024. Looking further ahead, FFO is projected to rebound with a growth of 4.5% year-over-year, reaching $7.21 per share in fiscal 2026.

Stock Performance and Recent Challenges

Over the past year, BXP has increased by 9.2%, outperforming the broader S&P 500 Index, which saw a 4.4% increase. However, BXP’s performance has lagged behind the Real Estate Select Sector SPDR Fund’s (XLRE) 12.3% return during the same period.

Shares of BXP dropped by 5.9% following its Q4 2024 earnings release on January 28. This decline primarily stemmed from a significant net loss of $230 million, or $1.45 per share, largely due to non-cash impairment charges totaling $341.3 million. These impairments, related to joint venture investments in properties such as Colorado Center and Safeco Plaza, raised concerns regarding asset valuations. Although BXP met analyst expectations for FFO at $1.79 per share, this figure was slightly lower than the previous year. The company’s guidance for 2025 suggests FFO between $6.77 and $6.95 per share, down from $7.10 in 2024, reflecting anticipated increases in interest expenses.

Analyst Sentiment and Current Trading Position

Currently, analysts hold a cautiously optimistic consensus on BXP Stock, reflected in an overall “Moderate Buy” rating. Out of 21 analysts monitoring the Stock, eight recommend a “Strong Buy,” 11 suggest a “Hold,” and two propose a “Strong Sell.” As of this writing, BXP trades below the average analyst price target of $77.50.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

More news from Barchart

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.