BXP Q1 revenue beats analyst expectations

BXP

28/04/2026 21:16

Overview

US office landlord's Q1 revenue rose 0.8% and beat analyst expectations

Q1 EPS beat analyst expectations, driven by gains on asset sales

Company raised full-year 2026 EPS and FFO guidance midpoints

Outlook

BXP sees Q2 2026 EPS of $0.44-$0.46 and FFO of $1.69-$1.71 per share

Company raises midpoint of full-year 2026 EPS guidance to $2.22 per share

BXP expects about 90% of 1.6 mln SF leases to commence revenue in 2026

Result Drivers

ASSET SALES - Gains from completed asset sales in Q1 boosted EPS, according to company

LEASING ACTIVITY - Over 1.1 mln sq ft of leases executed in Q1, contributing to higher occupancy

OCCUPANCY GAINS - Total portfolio occupancy rose 70 basis points from Q4 2025

Company press release: ID:nBw2lD7B6a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$872.10 mln
$844.33 mln (8 Analysts)
Q1 EPS
Beat
$0.64
$0.34 (4 Analysts)
Q1 Net Income
Beat
$101.60 mln
$53.12 mln (10 Analysts)
Q1 FFO
$252.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for BXP Inc is $67.00, about 15.5% above its April 27 closing price of $58.03

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)