BXP, Inc.BXP
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BXP raised 2026 FFO guidance and exceeded Q2 FFO estimates, indicating strong financial performance.
Impact on stocks 1
Real Estate
BXP, Inc.BXP Inc exceeded second-quarter FFO per share guidance and consensus estimates by $0.08 and raised the midpoint of its 2026 FFO per share guidance by $0.05 to a range of $6.99 to $7.05. The company completed nearly 1.8 million square feet of leasing, 29% above its 10-year historical average for the second quarter, and increased its in-service portfolio occupancy to 88.4%, up 100 basis points from the prior quarter. BXP also raised $370 million in total net sale proceeds year-to-date, bringing the total since its last investor conference to more than $1.2 billion, and closed a $1.2 billion construction loan for its 343 Madison Avenue project at SOFR plus 250 basis points. The company raised its same-property net operating income growth assumption by 30 basis points to between 1.8% and 2.6% over 2025. Despite the positive results, BXP noted that cash same-store NOI will lag due to free rent periods and that higher leasing capital expenditures could impact adjusted FFO growth in 2026.
BXP, Inc.BXP raised 2026 FFO guidance and exceeded Q2 FFO estimates, indicating strong financial performance.