BXP Earnings Prediction
The chart below shows how BXP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BXP sees a -1.64% change in stock price 10 days leading up to the earnings, and a -2.33% change 10 days following the report. On the earnings day itself, the stock moves by -0.57%. This data can give you a slight idea of what to expect for the next quarter's release.
BXP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
854.17M
3.55%
-0.16%
Gross Margin
34.04%
-6.10%
-0.03%
Operating Margin
30.75%
-4.03%
0.56%
Net Margin
-27.84%
-249.92%
-319.56%
EPS
-1.45
-290.79%
-373.58%
No Data Available
BXP Earnings Analysis
Boston Properties Inc Corporation (BXP.N) Earnings Conference Call
Positive
FFO Per Share Results: FFO per share for Q4 was reported at $1.79, aligning with market consensus and expectations.
Leasing Activity Surge: Leasing activity reached over 2.3 million square feet in Q4, marking a 130% increase over the long-term average for the quarter and the fifth largest quarterly leasing total in company history.
Leasing Growth Overview: Total leasing for 2024 exceeded 5.6 million square feet, a 35% increase compared to 2023, with an average lease term of nearly 10 years for 291 leases completed.
Occupancy Rate Increase: The company reported a 50 basis point increase in occupancy to 87.5% for in-service properties, with a leased square footage of 89.4%.
Revenue Increase Drivers: Full year 2024 revenues increased by 4% to $3.4 billion, driven primarily by new developments coming into service.
Negative
Impairment Charges Overview: Non-cash impairment charges of $341 million were recorded in Q4, primarily related to three unconsolidated joint ventures on the West Coast, indicating potential weaknesses in those markets.
FFO Decline Projection: The projected FFO for 2025 is expected to decline by 2% at the high end compared to 2024, primarily due to higher net interest expenses and lower termination income, reflecting ongoing financial pressures.
Stagnant Property Revenue Growth: Same property NOI growth for 2025 is anticipated to be flat, with projections ranging from negative 1% to positive 0.5%, indicating stagnation in revenue growth from existing properties.
Occupancy Rate Decline: The occupancy rate for in-service properties is projected to average between 86.5% to 88% in 2025, which suggests a decline from the current occupancy level of 87.5%, reflecting challenges in leasing activity.
NOI Loss Impact: The loss of $11 million in NOI from the Reston Corporate Center, which is being taken out of service for future development, will negatively impact overall revenue in 2025.
BXP FAQs
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BXP Earning Call Sentiment
Earnings call transcript: BXP Inc Q4 2024 sees unexpected earnings dip
BXP.N
-3.21%Positive
The earnings call summary shows mixed signals: strong leasing activity and positive FFO results are offset by a decline in 2025 FFO guidance and risks from tenant retention and development impacts. The Q&A section indicates positive sentiment on leasing strategy and interest rates but lacks clarity on policy impacts. The overall sentiment is neutral due to balanced positives and negatives, with no strong catalysts for significant stock price movement in either direction.
