Is Boston Properties (BXP) Undervalued After Its Recent Share Price Pullback?

BXP (BXP) has quietly lagged the broader market this year, with shares down roughly 6% year to date, even as revenue and net income trends point to a more complicated underlying story.

See our latest analysis for BXP.

The recent pullback, including a 1 day share price return of minus 1.6% and a 90 day share price return of minus 10.6%, suggests sentiment has cooled even though BXP still boasts a positive 3 year total shareholder return of about 23%. This hints that long term holders have been rewarded despite near term volatility.

If BXP’s mixed momentum has you reassessing your options, this could be a good moment to explore fast growing stocks with high insider ownership for other compelling ideas on your radar.

With shares trading below analyst targets and at a notable intrinsic discount even as revenue grows and net losses narrow, is BXP quietly undervalued, or are markets already pricing in a cautious outlook for future growth?

Most Popular Narrative: 12.8% Undervalued

With BXP last closing at $69.54 against a narrative fair value near $79.76, the storyline leans toward meaningful upside if its projections play out.

The company's investment in highly amenitized, sustainable, and green-certified developments (e.g., 343 Madison), supported by strong pre-leasing to blue-chip, investment-grade tenants, directly benefits from tenant ESG priorities, enabling BXP to achieve outsized rent growth and robust development yields, thereby enhancing long-term revenue and net margin profiles.

Read the complete narrative.

Want to see how modest revenue growth, sharply rising margins, and a punchy future earnings multiple all combine into that upside view? The full narrative unpacks the exact profit path, the implied valuation discipline, and the tension between today’s losses and tomorrow’s earnings power. Curious which assumptions really move the fair value most? Dive in and see what is hiding behind those headline numbers.

Result: Fair Value of $79.76 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, softer leasing trends and execution risk at capital intensive projects like 343 Madison could delay the upside that today’s narrative is banking on.

Find out about the key risks to this BXP narrative.

Build Your Own BXP Narrative

If you see the story differently or want to test your own assumptions against the numbers, you can build a custom view in minutes, Do it your way.

A great starting point for your BXP research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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