BXP, Inc. Delivers Mixed Performance Amidst Market Challenges
With a market capitalization of $10.6 billion, BXP, Inc. (BXP) is a fully integrated, self-administered, and self-managed real estate investment trust (REIT) specializing in developing, owning, and managing prime workplace environments in the United States. The company is headquartered in Boston, Massachusetts, and operates in key geographic areas including Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.
BXP’s Market Position and Portfolio Overview
As a large-cap stock, defined as having a market value of $10 billion or more, BXP fits comfortably within this category. The company’s portfolio includes three primary segments: Office (which encompasses office, life sciences, and retail), Residential, and Hotel. BXP manages a total of 53.3 million square feet across 185 properties, with seven currently under construction or undergoing redevelopment.
Stock Performance and Recent Trends
BXP’s stock has faced notable challenges, dropping 24.7% from its 52-week high of $90.11. Over the past three months, BXP shares have decreased by 7.9%, slightly outperforming the broader Nasdaq Composite ($NASX), which fell 8.7% during the same timeframe.
Looking at a longer horizon, BXP is down 15.4% over the last six months, which is a significant drop compared to the NASX’s 1.8% loss. Interestingly, despite these declines, BXP shares increased by 9.2% over the past 52 weeks, in contrast to the NASDAQ’s 8.4% gain during the same period.
Since mid-February, BXP has been trading below its 200-day moving average. This trend was established earlier as the stock has traded below its 50-day moving average since mid-December.
Financial Performance and Expectations
On January 28, BXP exceeded Wall Street expectations with a revenue report of $858.5 million for Q4 2024. However, the stock price fell by 5.9% the following day. Funds from operations (FFO) were also in line with forecasts, reported at $1.79 per share. For the full fiscal year 2025, BXP anticipates earnings per share (EPS) in the range of $1.57 to $1.75, and FFO is expected to be between $6.77 and $6.95 per diluted share.
Competitive Landscape and Analyst Outlook
In comparison to its rival, Easterly Government Properties, Inc. (DEA), BXP has shown stronger performance. DEA has seen a decline of 20.9% over the past six months and a drop of 5.6% over the past year.
While BXP has outperformed the NASDAQ over the last year, analysts remain cautiously optimistic about its future. Among the 21 analysts covering BXP, there is a consensus rating of “Moderate Buy,” with the stock currently trading below the mean price target of $79.44.
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.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
