BXP Extends CEO Owen Thomas's Contract to 2029, Launches 2025 Outperformance Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: NASDAQ.COM
- Contract Extension: BXP has amended CEO Owen Thomas's employment agreement to extend his term through December 31, 2029, aligning it with the company's multi-year strategic action plan introduced at the Investor Day on September 8, 2025, thereby ensuring executive stability.
- Incentive Plan Launch: The BXP Board approved the 2025 Outperformance Plan (OPP), granting equity awards to Thomas and other senior executives, aimed at retaining key leaders while aligning their interests closely with shareholders to foster long-term growth.
- Retirement Clause Clarification: The OPP terms specify that no accelerated or continued vesting will be granted to any recipient, including Thomas, upon qualified retirement, ensuring ongoing contributions from executives and maintaining governance stability.
- Strategic Consistency: By extending Thomas's contract and implementing the OPP, BXP demonstrates its commitment to long-term strategic objectives, aiming to enhance overall performance and shareholder value through stable leadership and effective incentive mechanisms.
BXP
$69.45+Infinity%1D
Analyst Views on BXP
Wall Street analysts forecast BXP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BXP is 79.44 USD with a low forecast of 65.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
10 Buy
8 Hold
0 Sell
Moderate Buy
Current: 68.710
Low
65.00
Averages
79.44
High
90.00
Current: 68.710
Low
65.00
Averages
79.44
High
90.00
About BXP
BXP, Inc. is a fully integrated, self-administered and self-managed real estate investment trust. The Company develops, owns and manages premier workplaces in the United States. The Company's segments by geographic area are Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. Its segment by property type includes Office (which includes office, life sciences and retail), Residential, and Hotel. Its portfolio totals 53.0 million square feet and 184 properties, including nine properties under construction/redevelopment. Its properties consist of 162 office and life sciences properties (including seven properties under construction/redevelopment); 14 retail properties (including one property under construction); seven residential properties (including two properties under construction), and one hotel. Its properties include Times Square Tower, 100 Federal Street, 767 Fifth Avenue, 601 Lexington Avenue, Atlantic Wharf Office Building, 343 Madison Avenue, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
