BXP, Inc. trimmed its full-year 2026 EPS guidance due to an impairment charge and closed a US$1.20 billion construction loan to help fund the US$2 billion 343 Madison Avenue workplace tower in Midtown Manhattan. The company reported higher sales and revenue but lower quarterly net income in its second-quarter 2026 results. The slight guidance cut softens the earnings backdrop as BXP advances one of New York City's most anticipated office developments, with near-term risk centered on execution and capital intensity at 343 Madison and other large projects. The new financing is part of a broader narrative where premier CBD office and life science assets are expected to support steady cash flows despite mixed demand and higher financing costs.
BXP, Inc.Trims full-year EPS guidance due to impairment charge, but closes $1.20B construction loan for 343 Madison tower; mixed financial news.
