BXP

BXP Inc

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Advanced Chart

70.430

+0.83(1.193%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

70.690

Open

69.820

VWAP

Vol

2.06M

Mkt Cap

11.15B

Low

69.365

Amount

EV/EBITDA(TTM)

15.34

Total Shares

157.06M

29.47B

EV/OCF(TTM)

23.41

P/S(TTM)

3.22

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

862.46M

+0.45%

858.71M

-0.06%

855.91M

+0.64%

Estimates Revision

The market is revising Upward the revenue expectations for BXP, Inc. (BXP) for FY2025, with the revenue forecasts being adjusted by 1.48% over the past three months. During the same period, the stock price has changed by 10.51%.

Revenue Estimates for FY2025

Revise Upward

+1.48%

In Past 3 Month

Stock Price

Go Up

+10.51%

In Past 3 Month

14 Analyst Rating

9.33% Upside

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 77.00 USD with a low forecast of 65.00 USD and a high forecast of 86.00 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.

7 Buy

6 Hold

1 Sell

Moderate Buy

9.33% Upside

Current: 70.430

Low

65.00

Averages

77.00

High

86.00

9.33% Upside

Current: 70.430

Low

65.00

Averages

77.00

High

86.00

Morgan Stanley

Equal Weight

maintain

$62 -> $65

2025-07-16

Reason

Morgan Stanley

Price Target

$62 -> $65

2025-07-16

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on BXP to $65 from $62 and keeps an Equal Weight rating on the shares.

Mizuho

Vikram Malhotra

Outperform

Neutral

downgrade

$86 -> $82

2025-07-14

Reason

Mizuho

Vikram Malhotra

Price Target

$86 -> $82

2025-07-14

downgrade

Outperform

Neutral

Reason

Mizuho analyst Vikram Malhotra lowered the firm's price target on BXP to $82 from $86 and keeps an Outperform rating on the shares. Heading into the Q2 reports the firm remains neutral on office names. It sees a "high bar" given the share outperformance over the last three months. Risk premiums "now screen rich," the analyst tells investors in a research note.

Scotiabank

Nicholas Yulico

Sector Perform

downgrade

$83 -> $81

2025-07-14

Reason

Scotiabank

Nicholas Yulico

Price Target

$83 -> $81

2025-07-14

downgrade

Sector Perform

Reason

Scotiabank analyst Nicholas Yulico lowered the firm's price target on BXP to $81 from $83 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Real Estate & REITs stocks under its coverage ahead of the Q2 earnings season, the analyst tells investors. The firm is adjusting its estimates to reflect modest tweaks to occupancy and interest expense assumptions.

JPMorgan

Underweight -> Neutral

upgrade

$72 -> $78

2025-06-23

Reason

JPMorgan

Price Target

$72 -> $78

2025-06-23

upgrade

Underweight -> Neutral

Reason

JPMorgan upgraded BXP to Neutral from Underweight with a price target of $78, up from $72. The firm says its stance on office moved to being more constructive late in 2024 as it started to gain line of sight on occupancy levels troughing and leasing activity improving. This is playing out, and BXP "now fits better into how we are thinking about making investments into office," the analyst tells investors in a research note. JPMorgan believes the company has had success in leasing, though occupancy continues to drop off. Think this should inflect in the coming quarters, with signed leases commencing, further leasing activity continues, and its lease expiration schedule being limited in the next couple of years, contends the firm.

BMO Capital

John Kim

Outperform

maintain

$85 -> $86

2025-06-23

Reason

BMO Capital

John Kim

Price Target

$85 -> $86

2025-06-23

maintain

Outperform

Reason

BMO Capital analyst John Kim raised the firm's price target on BXP to $86 from $85 and keeps an Outperform rating on the shares after meeting with its management team. The company is focusing on moving its portfolio further upscale through developments and select asset sales while de-emphasizing the suburbs, the analyst tells investors in a research note. Developments are focused on the East Coast, while San Francisco continues to recover, the firm added.

Citi

Nick Joseph

Neutral

maintain

$70

2025-06-06

Reason

Citi

Nick Joseph

Price Target

$70

2025-06-06

maintain

Neutral

Reason

Citi analyst Nick Joseph added a "90-day positive catalyst" on BXP while keeping a Neutral rating on the shares with a $70 price target. While BXP has recently outperformed real estate investment trusts, it has underperformed year-to-date, and there is further upside near-term, the analyst tells investors in a research note. The firm believes the company is well positioned to benefit from the continued strength in New York City leasing activity, increasingly positive sentiment on the West Coast recovery, and the potential for positive leasing news on the 343 Madison joint venture.

See All Ratings

Valuation Metrics

The current forward P/E ratio for BXP Inc (BXP.N) is 39.49, compared to its 5-year average forward P/E of 34.21. For a more detailed relative valuation and DCF analysis to assess BXP Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

34.21

Current PE

39.49

Overvalued PE

43.54

Undervalued PE

24.87

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

16.02

Current EV/EBITDA

14.95

Overvalued EV/EBITDA

18.16

Undervalued EV/EBITDA

13.88

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.19

Current PS

3.20

Overvalued PS

5.52

Undervalued PS

2.87