BXP
Neutral signalScored 2026-10-06 Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.
Research, not advice.
À propos
BXP, Inc.
- Nom
- BXP, Inc.
- Secteur
- Real Estate
- Industrie
- REIT - Office
- Bourse
- NYSE
- Capitalisation
- $9.9B
- Employés
- 826
- PDG
- Owen D. Thomas
- Site web
- https://www.bxp.com
- Marché
- CDPCUZFSPHIWHPPKRC
BXP, trading on the NYSE, is the leading publicly listed company engaged in the development and ownership of premier Class A office properties across the United States. Its operations are strategically concentrated in five major urban centers: Boston, Los Angeles, New York, San Francisco, and Washington, D.C. Structured as a Real Estate Investment Trust (REIT), the company operates as a comprehensive real estate entity, involved in the full spectrum of activities from developing and acquiring to managing and operating a diverse collection of primarily Class A office assets. Its current property holdings consist of 196 assets, collectively spanning 51.2 million square feet, which includes six properties actively undergoing construction or significant redevelopment.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
Decouvert par les declarations du Congres
- Insiders
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- Total bought
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Avg buy (VWAP, 90d window) —
- Total sold
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Avg sell (VWAP, 90d window) —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
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- Last synced
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2026-10-06 10:56:08
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Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
No Form 4 filings for this company in this window.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2026-02-20 | Julia Letlow | Sale | $1,001 - $15,000 |
| 2025-12-19 | Gilbert Ray Cisneros | Sale (Full) | $1,001 - $15,000 |
| 2025-11-18 | Gilbert Ray Cisneros | Purchase | $1,001 - $15,000 |
| 2024-10-23 | Julia Letlow | Purchase | $1,001 - $15,000 |
| 2023-07-12 | Daniel Goldman | Sale (Full) | $50,001 - $100,000 |
| 2023-05-23 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2023-05-19 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2023-04-25 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-03-14 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-03-06 | Daniel Goldman | Purchase | $15,001 - $50,000 |
| 2023-02-10 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-01-09 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-12-06 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-11-03 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-09-06 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-08-23 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-08-03 | Kathy E. Manning | Sale (Full) | $1,001 - $15,000 |
| 2022-06-17 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-06-16 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-05-23 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-10 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2020-09-08 | Chris Jacobs | Sale (Full) | $1,001 - $15,000 |
| 2020-04-29 | Gilbert Ray Cisneros | Sale (Partial) | $1,001 - $15,000 |
| 2020-03-18 | Gilbert Ray Cisneros | Purchase | $1,001 - $15,000 |
| 2020-02-20 | Mikie Sherrill | Sale (Full) | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-10-06 Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.
BXP presents a weak overall profile, combining mediocre financial health (liquidity score 55, fundamentals trend score 45) with a near-absent event-driven catalyst (score 25, NONE type, low confidence at 0.4).
The first sentence of the analysis written for BXP on 2026-10-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Neutral signal
Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Unavailable or mixed. No open-market purchase or sale value stored
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Supports a bullish reading. Current ratio 2.28 · operating margin 56%
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 60.6% | 61.2% | 62.8% | 63.5% | 64.2% | |
| Ebit Margin | 29.6% | 21.4% | 26.6% | 46.9% | 36.5% | |
| Ebitda Margin | 55.7% | 47.5% | 52.0% | 71.1% | 61.5% | |
| Operating Profit Margin | 55.7% | 30.0% | 31.7% | 34.1% | 33.7% | |
| Pretax Profit Margin | 11.0% | 2.5% | 8.9% | 32.8% | 21.9% | |
| Continuous Operations Profit Margin | 11.0% | 2.5% | 8.9% | 32.8% | 21.9% | |
| Net Profit Margin | 7.9% | 0.4% | 5.8% | 27.3% | 17.5% | |
| Bottom Line Profit Margin | 7.9% | 0.4% | 5.8% | 27.3% | 17.2% | |
| Current Ratio | 2.282 | 2.562 | 4.186 | 3.159 | 2.582 | |
| Quick Ratio | 2.282 | 2.562 | 4.186 | 3.159 | 2.582 | |
| Solvency Ratio | 0.064 | 0.050 | 0.057 | 0.101 | 0.086 | |
| Cash Ratio | 0.999 | 1.044 | 2.007 | 0.998 | 0.620 | |
| Price To Earnings Ratio | 38.782 | 820.751 | 57.992 | 12.469 | 36.220 | |
| Price To Earnings Growth Ratio | 0.021 | -8.872 | -0.747 | 0.177 | -0.850 | |
| Forward Price To Earnings Growth Ratio | 0.021 | -8.872 | -0.747 | 0.177 | -0.850 | |
| Price To Earnings Diluted Ratio | 38.782 | 826.222 | 57.992 | 12.515 | 36.334 | |
| Price To Earnings Diluted Growth Ratio | 0.021 | -8.926 | -0.747 | 0.178 | -0.849 | |
| Price To Book Ratio | 2.083 | 2.163 | 1.874 | 1.727 | 3.077 | |
| Price To Sales Ratio | 3.079 | 3.436 | 3.370 | 3.407 | 6.225 | |
| Price To Free Cash Flow Ratio | 15.545 | 14.887 | 13.466 | 11.977 | 16.060 | |
| Price To Operating Cash Flow Ratio | 8.610 | 9.485 | 8.475 | 8.259 | 15.867 | |
| Debt To Assets Ratio | 0.663 | 0.664 | 0.639 | 0.607 | 0.597 | |
| Debt To Equity Ratio | 3.372 | 3.200 | 2.825 | 2.396 | 2.284 | |
| Debt To Capital Ratio | 0.771 | 0.762 | 0.739 | 0.706 | 0.695 | |
| Long Term Debt To Capital Ratio | 0.755 | 0.744 | 0.729 | 0.699 | 0.686 | |
| Financial Leverage Ratio | 5.084 | 4.819 | 4.422 | 3.947 | 3.827 | |
| Working Capital Turnover Ratio | 1.845 | 1.581 | 1.668 | 2.346 | 1.623 | |
| Operating Cash Flow Ratio | 0.842 | 1.027 | 1.705 | 1.853 | 1.551 | |
| Operating Cash Flow Sales Ratio | 0.358 | 0.362 | 0.398 | 0.413 | 0.392 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.554 | 0.637 | 0.629 | 0.690 | 0.988 | |
| Debt Service Coverage Ratio | 1.387 | 1.414 | 2.974 | 5.055 | 3.125 | |
| Interest Coverage Ratio | 2.996 | 1.584 | 1.813 | 2.428 | 2.299 | |
| Short Term Operating Cash Flow Coverage Ratio | 1.660 | 2.469 | 0.000 | 0.000 | 7.815 | |
| Operating Cash Flow Coverage Ratio | 0.072 | 0.071 | 0.078 | 0.087 | 0.085 | |
| Capital Expenditure Coverage Ratio | 2.242 | 2.756 | 2.698 | 3.221 | 83.240 | |
| Dividend Paid And Capex Coverage Ratio | 1.039 | 1.085 | 1.112 | 1.184 | 1.625 | |
| Dividend Payout Ratio | 2.323 | 48.337 | 3.616 | 0.807 | 1.353 | |
| Enterprise Value Multiple | 13.723 | 17.160 | 15.333 | 11.130 | 17.383 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 60.6% | ▼-0.6% | ▼-1.9% |
| Ebit Margin | 29.6% | ▲8.2% | ▼-2.6% |
| Ebitda Margin | 55.7% | ▲8.2% | ▼-1.9% |
| Operating Profit Margin | 55.7% | ▲25.7% | ▲18.7% |
| Pretax Profit Margin | 11.0% | ▲8.6% | ▼-4.4% |
| Continuous Operations Profit Margin | 11.0% | ▲8.6% | ▼-4.4% |
| Net Profit Margin | 8.0% | ▲7.5% | ▼-3.9% |
| Bottom Line Profit Margin | 8.0% | ▲7.5% | ▼-3.8% |
| Current Ratio | 2.281 | ▼-0.281 | ▼-0.673 |
| Quick Ratio | 2.281 | ▼-0.281 | ▼-0.673 |
| Solvency Ratio | 0.064 | ▲0.014 | ▼-0.007 |
| Cash Ratio | 0.999 | ▼-0.044 | ▼-0.134 |
| Price To Earnings Ratio | 38.782 | ▼-781.969 | ▼-154.461 |
| Price To Earnings Growth Ratio | 0.021 | ▲8.893 | ▲2.075 |
| Forward Price To Earnings Growth Ratio | 0.021 | ▲8.893 | ▲2.075 |
| Price To Earnings Diluted Ratio | 38.782 | ▼-787.441 | ▼-155.587 |
| Price To Earnings Diluted Growth Ratio | 0.021 | ▲8.947 | ▲2.086 |
| Price To Book Ratio | 2.083 | ▼-0.080 | ▼-0.102 |
| Price To Sales Ratio | 3.079 | ▼-0.357 | ▼-0.825 |
| Price To Free Cash Flow Ratio | 15.544 | ▲0.657 | ▲1.157 |
| Price To Operating Cash Flow Ratio | 8.610 | ▼-0.875 | ▼-1.530 |
| Debt To Assets Ratio | 0.663 | ▼-0.001 | ▲0.029 |
| Debt To Equity Ratio | 3.373 | ▲0.172 | ▲0.557 |
| Debt To Capital Ratio | 0.771 | ▲0.009 | ▲0.037 |
| Long Term Debt To Capital Ratio | 0.755 | ▲0.011 | ▲0.032 |
| Financial Leverage Ratio | 5.084 | ▲0.265 | ▲0.664 |
| Working Capital Turnover Ratio | 1.845 | ▲0.264 | ▲0.033 |
| Operating Cash Flow Ratio | 0.842 | ▼-0.185 | ▼-0.554 |
| Operating Cash Flow Sales Ratio | 0.358 | ▼-0.005 | ▼-0.027 |
| Free Cash Flow Operating Cash Flow Ratio | 0.554 | ▼-0.083 | ▼-0.146 |
| Debt Service Coverage Ratio | 1.387 | ▼-0.027 | ▼-1.404 |
| Interest Coverage Ratio | 2.996 | ▲1.411 | ▲0.772 |
| Short Term Operating Cash Flow Coverage Ratio | 1.660 | ▼-0.809 | ▼-0.729 |
| Operating Cash Flow Coverage Ratio | 0.072 | ▲0.001 | ▼-0.007 |
| Capital Expenditure Coverage Ratio | 2.241 | ▼-0.514 | ▼-16.590 |
| Dividend Paid And Capex Coverage Ratio | 1.039 | ▼-0.046 | ▼-0.170 |
| Dividend Payout Ratio | 2.323 | ▼-46.014 | ▼-8.964 |
| Enterprise Value Multiple | 13.723 | ▼-3.437 | ▼-1.223 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $10.72B | $11.71B | $11.03B | $10.59B | $17.98B | |
| Enterprise value | $26.60B | $27.78B | $26.12B | $24.60B | $30.87B | |
| EV / Sales | 7.64x | 8.15x | 7.98x | 7.91x | 10.69x | |
| EV / Op. cash flow | 21.36x | 22.50x | 20.07x | 19.18x | 27.25x | |
| EV / Free cash flow | 38.57x | 35.32x | 31.89x | 27.81x | 27.58x | |
| EV / EBITDA | 13.72x | 17.16x | 15.33x | 11.13x | 17.38x | |
| Net debt / EBITDA | 8.19x | 9.93x | 8.86x | 6.34x | 7.26x | |
| Current ratio | 2.28x | 2.56x | 4.19x | 3.16x | 2.58x | |
| Income quality | 4.50x | 14.66x | 4.47x | 1.26x | 1.79x | |
| Graham number | $36 | $8 | $32 | $69 | $52 | |
| Graham net-net | -$99 | -$99 | -$96 | -$90 | -$82 | |
| Tax burden | 72.1% | 17.0% | 65.3% | 83.2% | 79.9% | |
| Interest burden | 37.2% | 11.5% | 33.5% | 70.0% | 59.9% | |
| Working capital | $1.90B | $1.88B | $2.43B | $1.49B | $1.16B | |
| Invested capital | $22.28B | $2.59B | $2.43B | $2.61B | $1.16B | |
| Return on assets | 1.1% | 0.1% | 0.7% | 3.5% | 2.3% | |
| Operating ROA | 7.4% | 3.9% | 4.1% | 4.6% | 4.3% | |
| Return on tangible assets | 1.1% | 0.1% | 0.7% | 3.6% | 2.3% | |
| Return on equity | 5.4% | 0.3% | 3.2% | 13.8% | 8.6% | |
| Return on invested capital | 7.6% | 4.0% | 4.1% | 4.5% | 4.5% | |
| Return on capital employed | 7.9% | 4.1% | 4.1% | 4.5% | 4.5% | |
| Earnings yield | 2.6% | 0.1% | 1.7% | 8.0% | 2.8% | |
| Free cash flow yield | 6.4% | 6.7% | 7.4% | 8.3% | 6.2% | |
| Capex / Op. cash flow | 44.6% | 36.3% | 37.1% | 31.0% | 1.2% | |
| Capex / Depreciation | 60.9% | 50.4% | 57.9% | 52.9% | 1.9% | |
| Capex / Sales | 16.0% | 13.1% | 14.7% | 12.8% | 0.5% | |
| SG&A / Sales | 4.8% | 5.2% | 5.7% | 5.2% | 5.7% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 0.0% | 1.3% | 1.6% | 1.7% | 1.8% | |
| Intangibles / Total assets | 0.0% | 0.0% | 0.0% | 2.9% | 0.0% | |
| Days sales outstanding | 173d | 180d | 176d | 170d | 175d | |
| Days payables outstanding | 128d | 111d | 138d | 134d | 113d | |
| Operating cycle | 173d | 180d | 176d | 170d | 175d | |
| Cash conversion cycle | 45d | 69d | 39d | 36d | 62d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▼-8.4%EV / Sales ▼-6.3%EV / EBITDA ▼-20.0%EV / Op. cash flow ▼-1.138Earnings yield ▲+0.025Graham number ▲+27.266
Profitability
Return on equity ▲+0.051Return on assets ▲+0.010Return on invested capital ▲+0.036Return on capital employed ▲+0.038Operating ROA ▲+0.035Income quality ▼-10.165Tax burden ▲+0.551
Efficiency
Days sales outstanding ▼-7.552Days payables outstanding ▲+16.631Operating cycle ▼-7.552Cash conversion cycle ▼-24.182Capex / Sales ▲+0.028R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.281Net debt / EBITDA ▼-1.734Working capital ▲+17024000.000Invested capital ▲+19690722000.000Intangibles / Total assets n/a
Change over 5 years
Valuation
Market cap ▼-40.4%EV / Sales ▼-28.5%EV / EBITDA ▼-21.1%EV / Op. cash flow ▼-5.881Earnings yield ▼-0.002Graham number ▼-16.567
Profitability
Return on equity ▼-0.033Return on assets ▼-0.012Return on invested capital ▲+0.032Return on capital employed ▲+0.034Operating ROA ▲+0.031Income quality ▲+2.705Tax burden ▼-0.079
Efficiency
Days sales outstanding ▼-2.381Days payables outstanding ▲+14.360Operating cycle ▼-2.381Cash conversion cycle ▼-16.741Capex / Sales ▲+0.155R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.301Net debt / EBITDA ▲+0.934Working capital ▲+739921000.000Invested capital ▲+21121308000.000Intangibles / Total assets n/a
Employee count
Peer market caps
Recent news
- 2026-10-01 BXP and JLL Join Fifty at First to Guide Delivery and Leasing of San Francisco''s Next Landmark Tower SAN FRANCISCO--(BUSINESS WIRE)---- $BXP #CommercialRealEstate--SFRF adds BXP and JLL to lead development and leasing for Fifty at First, a planned 1.5M sq ft office tower in downtown San Francisco.
- 2026-09-30 With REIT, Investors Don''t Have to Write Off REITs The 10- and 30-year Treasury is ominously elevated. And the Federal Reserve is fresh off one interest rate hike and potentially heading for another before the end of the year.
- 2026-09-29 BXP to Release Third Quarter 2026 Financial Results on October 27, 2026 BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will release financial results for the third quarter 2026 on Tuesday, October 27, 2026, after the close of trading on the NYSE. BXP will host a conference call and webcast on Wednesday, October 28, 2026, at 10:00 A.M. Eastern Time, to discuss the financial results and provide an update on BXP. Participants who would like to.
- 2026-09-28 BXP, Inc. (BXP) to Distribute Quarterly Dividend of $0.70 on October 30th BXP, Inc. (NYSE: BXP - Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.70 per share by the real estate investment trust on Friday, October 30th. This represents a $2.80 annualized dividend and a yield of 4.4%. The ex-dividend date
- 2026-09-27 Data Centers Got the AI Hype—But Office REITs May Get the Rent Hikes Ask most investors about office REITs, and you''ll hear some variation on a bear case in three parts that started in 2020. Remote work emptied buildings, then rental income cratered, and then valuations collapsed.
- 2026-09-24 BXP vs. NHI: Which Stock Is the Better Value Option? Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Boston Properties (BXP) and National Health Investors (NHI). But which of these two stocks is more attractive to value investors?
- 2026-09-23 These 6 High-Yield Dividends May Be Too Good to Be True A fat dividend yield can signal a screaming buy or a slow-motion disaster, and the difference hides in coverage math most investors never check.
- 2026-09-20 The REIT Conundrum REITs have evolved into a larger, more diversified, and better-capitalized asset class, now less sensitive to Treasury yields than in prior cycles. Modern REITs feature lower leverage (34.4% debt), predominantly fixed-rate, long-maturity debt, and strong liquidity, supporting resilience amid higher rates. Supply constraints and rising replacement costs create durable moats for select REIT sectors, especially those with HALO (Heavy Assets, Low Obsolescence) characteristics.
- 2026-09-16 BXP Declares Regular Quarterly Dividend BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.70 per share of common stock for the period July 1, 2026 to September 30, 2026, payable on October 30, 2026 to shareholders of record as of the close of business on September 30, 2026. BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner,.
- 2026-09-15 BXP, Inc. (BXP) Presents at BofA NY Global Real Estate Conference 2026 Transcript BXP, Inc. (BXP) Presents at BofA NY Global Real Estate Conference 2026 Transcript