BXP Q4 EPS beats estimates on gains from property sales

BXP

27/01/2026 22:50

Overview

U.S. workplace developer's Q4 revenue rose 2.2%, beating analyst expectations

EPS for Q4 exceeded estimates, driven by gains from property sales

FFO per share for Q4 missed expectations due to non-cash rent reserves and higher G&A costs

Outlook

BXP projects Q1 2026 EPS of $0.32 - $0.34 and FFO of $1.56 - $1.58

Company expects full-year 2026 EPS of $2.08 - $2.29 and FFO of $6.88 - $7.04

Result Drivers

LEASING ACTIVITY - Executed over 1.8 mln SF of leases in Q4, boosted occupancy by 70 basis points

ASSET SALES - Gains from property sales drove EPS above midpoint of BXP’s guidance, contributing $0.74 per share

FFO IMPACT - FFO affected by non-cash rent reserves and higher G&A costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$877.10 mln
$864.66 mln (8 Analysts)
Q4 EPS
Beat
$1.56
$0.57 (6 Analysts)
Q4 Net Income
Beat
$248.50 mln
$87.66 mln (8 Analysts)
Q4 FFO
$280.20 mln
Q4 FFO Per Share
Miss
$1.76
$1.80 (17 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 11 "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 $77.50, about 18.8% above its January 27 closing price of $65.22

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 36 three months ago

Press Release: ID:nBw6T5zVLa

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(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.)