Quarterly ResultApr 28, 2026, 04:18 PM
BXP Q1 Revenue $872.1M; EPS $0.64; FFO $1.59; Occupancy +70bps
AI Summary
BXP reported Q1 2026 revenue of $872.1 million, a 0.8% increase, with EPS of $0.64 and FFO per diluted share of $1.59, both exceeding guidance. The company executed over 1.1 million square feet of leases, increasing total portfolio occupancy by 70 basis points to 87.4%. BXP also generated $339.0 million in net proceeds from asset sales in Q1, contributing to a total of $1.2 billion from strategic dispositions.
Key Highlights
- Q1 2026 Revenue increased 0.8% to $872.1 million.
- Q1 2026 Net Income attributable to BXP was $101.6 million, or $0.64 EPS.
- Q1 2026 FFO was $252.2 million, or $1.59 per diluted share.
- EPS exceeded guidance midpoint by $0.31, FFO by $0.02.
- Executed 68 leases totaling over 1.1 million square feet in Q1.
- Total portfolio occupancy increased 70 basis points to 87.4%.
- Generated $339.0 million net proceeds from Q1 asset sales.
- Updated full year 2026 FFO guidance to $6.90 - $7.04 per share.