BXP Raises FY26 Earnings Guidance to 11 Cents per Share
The company said "The midpoint of our FY26 guidance is 11c per share greater than our 2025 FFO per share and includes the following assumptions: Projected growth in same-property NOI, driven by higher occupancy and improved leasing activity. Incremental NOI from development deliveries to be placed into service during the year. A reduction in NOI associated with removing three properties from service for redevelopment into residential use. Higher G&A expense of $0.07 per share, primarily related to non-cash amortization expense associated with the 2025 Outperformance Plan. Net earnings dilution from strategic asset sales, net of reduced interest expense from the investment of sale proceeds, of 6co 8c per share consistent with the range previously communicated at Investor Day. These transactions remain aligned with BXP's long-term strategy to optimize the portfolio, enhance operating performance, and strengthen balance sheet flexibility.
