Mizuho cuts BXP's PT on $1 bln debt maturity, market headwinds

BXP

12/12/2025 16:10

** Mizuho cuts real estate investment trust BXP's BXP.N price target to $79 from $82, reiterates "outperform" rating

     ** New PT still represents an upside of 10.3% from stock's last close

     ** Mizuho faces pressure from dilutive asset sales and higher interest expenses due to $1 billion debt maturing in Q4 2026

     ** Adds that 340 Park Avenue property becomes operational in Q4, capitalized interest will decline

     ** A common "earnings" trend is most office REITs likely have limited funds from operations (FFO) growth in FY26 and there is hope of a "hockey-stick" in several for FY27 - brokerage

     ** Nine of 23 brokerages rate the stock "buy" or higher and 14 "hold"; their median PT is $78, according to data compiled by LSEG

     ** Including session's moves, shares down 4.2% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))