Q4 Financial Performance: The company reported Q4 revenue of $858.6 million, exceeding the consensus estimate of $854.0 million, with a total portfolio occupancy of 87.5% and 89.4% leased.
Leasing Activity and Strategy: In 2024, the company executed 291 leases totaling approximately 5.6 million square feet, maintaining a strong occupancy rate of 90.9% in its CBD portfolio, highlighting its focus on high-quality buildings in urban markets.
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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 77.68 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.
19 Analyst Rating
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 77.68 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.
10 Buy
9 Hold
0 Sell
Moderate Buy
Current: 64.150
Low
65.00
Averages
77.68
High
90.00
Current: 64.150
Low
65.00
Averages
77.68
High
90.00
Barclays
Brendan Lynch
Overweight
downgrade
$82 -> $81
2026-01-23
Reason
Barclays
Brendan Lynch
Price Target
$82 -> $81
AI Analysis
2026-01-23
downgrade
Overweight
Reason
Barclays analyst Brendan Lynch lowered the firm's price target on BXP to $81 from $82 and keeps an Overweight rating on the shares. The firm updated models in the real estate investment trust group.
UBS
Michael Goldsmith
Neutral
downgrade
$74 -> $71
2026-01-08
Reason
UBS
Michael Goldsmith
Price Target
$74 -> $71
2026-01-08
downgrade
Neutral
Reason
UBS analyst Michael Goldsmith lowered the firm's price target on BXP to $71 from $74 and keeps a Neutral rating on the shares. 2026 is expected to mark a pivotal REIT turnaround, with forecast total returns of 9%-11% driven by improving macro conditions, attractive valuations, easing supply pressures, and a more stable political backdrop, the analyst tells investors in a research note. The outlook points to a bifurcated year with defensiveness in the first half of 2026 and stronger catalysts in the second half, favoring Healthcare, Shopping Centers, and Coastal Apartments, UBS says.
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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.
