BXP reported second-quarter 2026 funds from operations of $1.78 per share, beating the Zacks Consensus Estimate of $1.71 and rising 4.1% from a year ago. Lease revenues increased 3.2% to $831.68 million, surpassing the consensus mark of $812.49 million, while total revenues grew 3.1% to $895.7 million. Total portfolio occupancy climbed 100 basis points sequentially to 88.4%, and the leased rate reached 91.3%, up 40 basis points from the first quarter. The company executed 106 leases covering approximately 1.8 million square feet, with notable commitments including a roughly 148,000-square-foot lease with McDermott Will & Schulte at 343 Madison Avenue and an approximately 322,000-square-foot lease with Boston Dynamics at Reservoir Place. BXP raised the midpoint of its full-year 2026 FFO guidance by 5 cents to a range of $6.99 to $7.05, citing better-than-projected portfolio performance.
BXP, Inc.BXP beat FFO estimates, raised guidance, and reported higher occupancy and leasing activity.
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