BXP, Inc.

BXP

BXP, Inc.

BXP

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2026-06-09Shares Purchased (TTM):0Shares Sold (TTM):109,773

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:141,184,287Shares Outstanding:158,555,000Institutional Ownership Pct.:89.04%

Earnings Market Reaction:

Filing Date:2026-05-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Real Estate Investment Trusts

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BXP, Inc. (BXP) — SEC Financial Statements & Analysis

BXP, Inc. (BXP) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Boston Properties Limited Partnership	8,083	8,005	42	3,509	4,408	7,797	-325	6	5,005	7,054	-315	-99
Assets
Real Estate Investment Property Net	20,899	20,900	21,295	21,263	21,119	21,050	20,901	20,792	20,768	20,593	19,868	19,598
Marketable Securities	42	45	44	41	38	40	39	37	37	36	33	33
Notes Receivable Gross	-	-	-	-	6	5	4	3	2	2	-	-
Sales Type Lease Net Investment In Lease After All…	16	16	15	15	15	15	14	14	14	14	13	13
Investments In Affiliates Subsidiaries Associates …	855	999	1,000	1,161	1,138	1,094	1,422	1,419	1,400	1,377	1,537	1,781
Assets	25,102	26,166	25,999	25,621	25,437	26,085	26,406	25,474	25,526	26,026	24,739	25,342
Liabilities And Stockhold…
Liabilities
Senior Notes	8,809	9,806	9,803	9,801	9,798	10,645	10,642	9,797	9,795	10,492	10,489	10,985
Convertible Debt	977	976	975	-	-	0	-	-	-	-	-	-
Line Of Credit	0	0	0	185	300	0	0	0	0	0	0	0
Other Borrowings	797	797	797	797	796	799	798	699	1,199	1,198	1,197	1,196
Commercial Paper	750	750	750	750	500	500	500	500	-	0	-	-
Dividends Payable Current And Noncurrent	124	124	123	173	173	172	172	172	172	171	172	171
Interest Payable Current And Noncurrent	124	125	120	121	120	128	121	112	120	134	128	111
Liabilities	17,378	18,474	18,483	17,767	17,578	18,137	18,123	17,184	17,240	17,834	16,699	17,049
Redeemable Noncontrolling Interest Equity Carrying…	6	8	8	7	9	10	11	8	8	8	7	6
Temporary Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	2	2	2	2	2	2	2	2	2	2	2	2
Additional Paid In Capital	6,844	6,836	6,828	6,855	6,846	6,836	6,822	6,769	6,753	6,715	6,569	6,561
Retained Earnings Accumulated Deficit	-1,684	-1,675	-1,812	-1,580	-1,514	-1,420	-1,036	-965	-890	-816	-782	-517
Treasury Stock Value	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3
Accumulated Other Comprehensive Income Loss Net Of…	-6	-13	-15	-15	-11	-2	-26	-0	-4	-21	3	-3
Stockholders Equity	5,152	5,147	5,000	5,259	7,850	7,938	5,759	8,282	5,858	5,877	5,788	6,040
Noncontrolling Interest I…
Minority Interest In Operating Partnerships	584	567	554	585	592	591	638	678	685	667	657	689
Minority Interest In Limited Partnerships	1,982	1,971	1,955	2,004	1,938	1,934	1,874	1,802	1,735	1,641	1,589	1,557
Liabilities And Stockholders Equity	25,102	26,166	25,999	25,621	25,437	26,085	26,406	25,474	25,526	26,026	24,739	25,342
Related Party	10	9	-80	0	89	5	0	-0	89	89	89	-
Nonrelated Party	10	9	9	-	-	5	-	-	-	-	-	-
Real Estate Investment Property At Cost	28,375	28,242	28,610	28,428	28,115	27,871	27,558	27,273	27,063	26,749	26,031	25,763
Finance Lease Right Of Use Asset	-	-	-	-	-	-	-	-	-	-	238	238
Finance Lease Right Of Use Asset Before Accumulate…	372	372	373	373	373	373	373	373	401	402	-	-
Operating Lease Right Of Use Asset	321	326	321	326	330	335	340	344	344	324	323	166
Real Estate Investment Property Accumulated Deprec…	-8,170	-8,040	-8,009	-7,864	-7,699	-7,528	-7,370	-7,199	-7,041	-6,882	-6,724	-6,569
Cash And Cash Equivalents At Carrying Value	513	1,478	861	447	398	1,255	1,420	685	702	1,531	883	1,582
Restricted Cash And Cash Equivalents At Carrying V…	68	79	78	81	81	80	51	52	65	81	48	47
Accounts Receivable Net	90	93	137	110	117	107	100	82	94	122	123	92
Notes Receivable Related Parties	-	-	-	-	-	-	-	-	-	-	-	89
Deferred Rent Receivables Net	1,558	1,539	1,532	1,509	1,491	1,466	1,438	1,415	1,390	1,355	1,332	1,318
Deferred Costs	831	848	803	809	806	813	795	800	818	760	692	711
Prepaid Expense And Other Assets	189	108	138	90	139	71	132	86	146	64	121	77
Real Estate Heldforsale	0	25	-	-	-	0	-	-	-	-	-	-
Secured Debt	4,281	4,280	4,279	4,279	4,278	4,277	4,275	4,371	4,368	4,166	3,276	3,275
Finance Lease Liability	357	360	363	366	368	371	373	376	416	418	253	252
Operating Lease Liability	387	389	380	399	396	393	389	386	378	350	341	205
Accounts Payable And Accrued Liabilities Current A…	418	480	485	480	399	402	444	372	375	458	462	435
Other Liabilities	353	386	407	417	450	451	407	399	418	446	380	419
Temporary Equity Shares Subscribed But Unissued	0	0	0	0	0	0	0	0	0	0	0	0
Limited Partners Capital Account Units Outstanding	157	157	157	157	157	156	156	155	155	155	155	155
General Partners Capital Account Units Outstanding	2	2	2	2	2	2	2	2	2	2	2	2
Excess Stock Shares Authorized	150	150	150	150	150	150	150	150	150	150	150	150
Excess Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Excess Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	50	50	50	50	50	50	50	50	50	50	50	50
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	250	250	250	250	250	250	250	250	250	250	250	250
Common Stock Shares Issued	159	159	158	158	158	158	158	157	157	157	157	157
Shares Outstanding	159	159	158	158	158	158	158	157	157	157	157	157
Treasury Stock Common Shares	0	0	0	0	0	0	0	0	0	0	0	0
Notes Receivable Net	-	-	-	7	-	-	-	-	-	-	-	-

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-	-	-	-	-	-	-	-	-	0.92%	13.35%	-
2025	5.24%	7.22%	13.85%	9.83%	13.33%	13.41%	0.00%	-4.17%	-8.57%	-9.55%	2.20%	2.99%
2024	-1.35%	1.73%	16.50%	14.58%	23.03%	34.13%	0.75%	-8.32%	-8.40%	-2.43%	-7.45%	-1.72%
2023	-	-	-	-4.40%	-13.28%	-23.57%	14.02%	28.18%	30.07%	-2.54%	-5.76%	-1.06%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Leverage & Debt
Interest Coverage TTM	-0.46	-0.58	-1.30	-0.95	-1.01	-0.98	-0.43	-0.78	-0.68	-0.67	-0.42	0.55
Per Share Metrics
Diluted EPS TTM	2.19	1.74	-1.23	0.22	-0.03	0.09	2.25	0.86	1.22	1.21	2.02	5.03
Free Cash Flow Per Share TTM	6.32	6.50	6.18	6.20	6.52	6.64	6.76	6.96	7.01	7.20	7.03	6.93
Dividend Per Share TTM	3.75	4.06	4.37	4.37	4.37	4.38	4.38	4.39	4.38	4.38	4.38	4.38
Margin Metrics
Gross Profit Margin TTM	74.97%	75.16%	73.11%	72.73%	72.34%	73.89%	74.31%	74.18%	73.94%	71.46%	70.95%	70.77%
Operating Profit Margin TTM	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit Margin TTM	242.30%	193.14%	-145.05%	26.32%	-3.33%	10.56%	268.45%	105.35%	158.69%	168.45%	293.01%	744.75%
Growth Metrics
Net Revenue Growth (1Y)	8.05%	6.05%	1.44%	3.57%	9.94%	19.68%	22.30%	21.31%	10.62%	5.31%	4.93%	7.56%
Net Income Growth (1Y)	-7,962.63%	1,839.46%	-154.81%	-74.13%	-102.31%	-92.50%	12.05%	-82.84%	-79.14%	-81.36%	-65.61%	17.80%
EPS Growth (1Y)	-7,945.12%	1,828.90%	-154.59%	-74.34%	-102.29%	-92.53%	11.44%	-82.86%	-79.17%	-81.38%	-65.64%	17.72%
Valuation Metrics
P/E TTM	23.36	37.68	-58.31	291.40	-2,262.28	763.02	32.72	64.62	47.58	50.79	25.43	9.73
P/B	1.06	1.36	2.28	1.94	1.28	1.37	2.02	1.06	1.56	1.18	1.40	1.27
P/S TTM	56.59	72.78	84.58	76.68	75.33	80.58	87.84	68.07	75.51	85.56	74.52	72.44
Market Cap	8.14B	10.43B	11.38B	10.23B	10.03B	10.89B	11.65B	8.76B	9.15B	9.66B	8.08B	7.69B
Enterprise Value	18.10B	22.27B	22.04B	20.25B	19.93B	20.78B	21.32B	18.38B	18.24B	18.54B	17.64B	17.05B
Calculated Values
Free Cash Flow TTM	1.00B	1.03B	978.24M	981.12M	1.03B	1.04B	1.07B	1.09B	1.10B	1.13B	1.10B	1.09B
Net Debt	9.95B	11.84B	10.67B	10.02B	9.90B	9.89B	9.67B	9.61B	9.09B	8.88B	9.56B	9.36B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-09Sale

Owner: Labelle, Michael E

Title: EVP and CFO

Shares: 26,113

Price/Share: $66.54

Value: $1,737,559.02

Shares Owned: 5,839

Relationship: Officer

Ownership: Direct

2026-05-21Sale

Owner: Kevorkian, Eric G

Title: SVP, CLO and Secretary

Shares: 200

Price/Share: $60.23

Value: $12,046.00

Shares Owned: 2,311

Relationship: Officer

Ownership: Direct

2026-05-20Sale

Owner: Otteni, Peter V

Title: Executive Vice President

Shares: 4,863

Price/Share: $59.06

Value: $287,208.78

Shares Owned: -

Relationship: Officer

Ownership: Direct

2026-02-27Sale

Owner: Spann, Hilary J.

Title: Executive Vice President

Shares: 5,495

Price/Share: $59.69

Value: $327,996.55

Shares Owned: 17,832

Relationship: Officer

Ownership: Direct

2026-02-13Sale

Owner: Thomas, Owen D

Title: Chief Executive Officer

Shares: 1,198

Price/Share: $61.22

Value: $73,341.56

Shares Owned: -

Relationship: Director,Officer

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-09	Labelle, Michael E	Officer	EVP and CFO	Direct	Sale	26,113	66.54	$1,737,559.02	5,839	4
2026-05-21	Kevorkian, Eric G	Officer	SVP, CLO and Secretary	Direct	Sale	200	60.23	$12,046.00	2,311	4
2026-05-20	Otteni, Peter V	Officer	Executive Vice President	Direct	Sale	4,863	59.06	$287,208.78	0	4
2026-02-27	Spann, Hilary J.	Officer	Executive Vice President	Direct	Sale	5,495	59.69	$327,996.55	17,832	4
2026-02-13	Thomas, Owen D	Director,Officer	Chief Executive Officer	Indirect	Sale	1,198	61.22	$73,341.56	0	4
2026-02-05	Spann, Hilary J.	Officer	Executive Vice President	Direct	Sale	1,194	63.31	$75,592.14	17,832	4
2025-12-01	Ritchey, Raymond A	Officer	Senior EVP	Direct	Sale	36,314	72.18	$2,621,144.52	0	4
2025-11-25	Otteni, Peter V	Officer	Executive Vice President	Direct	Sale	4,136	72.65	$300,480.40	0	4
2025-11-12	Stroman, John J	Officer	Executive Vice President	Direct	Sale	16,838	72.17	$1,215,198.46	0	4
2025-11-07	Labelle, Michael E	Officer	EVP and CFO	Direct	Sale	13,422	72.34	$970,947.48	9,223	4
2025-03-05	Garesche, Donna D	Officer	EVP, Chief HR Officer	Direct	Sale	2,143	67.87	$145,445.41	0	4
2025-02-04	Spann, Hilary J.	Officer	Executive Vice President	Direct	Sale	12,379	72.02	$891,535.58	7,271	4
2024-09-09	Ritchey, Raymond A	Officer	Senior EVP	Direct	Sale	21,835	74.25	$1,621,248.75	0	4
2024-08-23	Otteni, Peter V	Officer	Executive Vice President	Direct	Sale	4,785	73.44	$351,410.40	0	4
2024-03-06	Ritchey, Raymond A	Officer	Senior EVP	Direct	Sale	14,150	62.96	$890,884.00	0	4
2023-09-11	Kevorkian, Eric G	Officer	SVP, CLO and Secretary	Direct	Sale	1,000	66.43	$66,430.00	994	4
2023-09-05	Ritchey, Raymond A	Officer	Senior EVP	Direct	Sale	65,000	67.24	$4,370,600.00	0	4
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Institutional Ownership

No data available for chart

2026-03-31

89.04%

Inst. Shares: 141,184,287

Shares Outstanding: 158,555,000

2025-12-31

99.24%

Inst. Shares: 157,127,062

Shares Outstanding: 158,330,000

2025-09-30

91.92%

Inst. Shares: 145,549,137

Shares Outstanding: 158,345,000

2025-06-30

96.17%

Inst. Shares: 152,247,605

Shares Outstanding: 158,312,000

2025-03-31

93.57%

Inst. Shares: 148,036,954

Shares Outstanding: 158,202,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	141,184,287	158,555,000	89.04%
2025-12-31	157,127,062	158,330,000	99.24%
2025-09-30	145,549,137	158,345,000	91.92%
2025-06-30	152,247,605	158,312,000	96.17%
2025-03-31	148,036,954	158,202,000	93.57%
2024-12-31	156,059,251	157,468,000	99.11%
2024-09-30	141,111,949	157,725,000	89.47%
2024-06-30	153,086,985	157,039,000	97.48%
2024-03-31	137,724,133	156,983,000	87.73%
2023-12-31	147,542,378	156,863,000	94.06%
2023-09-30	140,389,111	156,880,000	89.49%
2023-06-30	141,433,853	156,826,000	90.19%
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BXP, Inc. (BXP) — SEC Financial Statements & Analysis

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