BXP Past Earnings Performance

Past criteria checks 4/6

BXP's earnings have been declining at an average annual rate of -16.2%, while the Office REITs industry saw earnings declining at 13.9% annually. Revenues have been growing at an average rate of 3.4% per year. BXP's return on equity is 5.7%, and it has net margins of 10.9%.

Key information

-16.2%

Earnings growth rate

-16.5%

EPS growth rate

Office REITs Industry Growth	3.1%
Revenue growth rate	3.4%
Return on equity	5.7%
Net Margin	10.9%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

BXP, Inc.: Easy Money Has Been Made (Rating Downgrade)

Oct 04

BXP, Inc.: A Well-Covered 6% Yield From A Premier Office REIT

Jul 19

Boston Properties: Tentative Signs The Office Market Is Getting Less Weak (Rating Upgrade)

Jun 07

Boston Properties FFO of $1.91 beats by $0.04, revenue of $790.52M beats by $27.84M

Oct 25

Boston Properties: My Oh My, A Blue-Chip Strong Buy

Oct 02

Boston Properties declares $0.98 dividend

Sep 16

Revenue & Expenses Breakdown

How BXP makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:BXP Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	3,344	363	166
30 Jun 24	3,314	167	164
31 Mar 24	3,283	192	164
31 Dec 23	3,236	190	170
30 Sep 23	3,201	192	167
30 Jun 23	3,169	664	168
31 Mar 23	3,128	783	159
31 Dec 22	3,091	848	146
30 Sep 22	3,038	911	144
30 Jun 22	2,976	659	146
31 Mar 22	2,913	548	150
31 Dec 21	2,866	496	152
30 Sep 21	2,789	320	149
30 Jun 21	2,752	301	142
31 Mar 21	2,694	457	142
31 Dec 20	2,738	861	133
30 Sep 20	2,842	994	135
30 Jun 20	2,898	1,012	138
31 Mar 20	3,001	909	135
31 Dec 19	2,975	511	141
30 Sep 19	2,921	519	136
30 Jun 19	2,860	530	134
31 Mar 19	2,771	494	128
31 Dec 18	2,716	572	122
30 Sep 18	2,668	528	123
30 Jun 18	2,647	526	120
31 Mar 18	2,644	531	118
31 Dec 17	2,621	452	114
30 Sep 17	2,598	495	110
30 Jun 17	2,565	455	109
31 Mar 17	2,530	418	107
31 Dec 16	2,561	502	105
30 Sep 16	2,548	493	104
30 Jun 16	2,552	600	100
31 Mar 16	2,547	583	97
31 Dec 15	2,513	573	96
30 Sep 15	2,503	609	95
30 Jun 15	2,493	553	97
31 Mar 15	2,465	550	94
31 Dec 14	2,409	433	95
30 Sep 14	2,372	327	90
30 Jun 14	2,323	272	81
31 Mar 14	2,248	642	86
31 Dec 13	2,157	618	89

Quality Earnings: BXP has high quality earnings.

Growing Profit Margin: BXP's current net profit margins (10.9%) are higher than last year (6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BXP's earnings have declined by 16.2% per year over the past 5 years.

Accelerating Growth: BXP's earnings growth over the past year (88.9%) exceeds its 5-year average (-16.2% per year).

Earnings vs Industry: BXP earnings growth over the past year (88.9%) exceeded the Office REITs industry -32.7%.

BXP Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

BXP, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

BXP, Inc. to Report Q2, 2024 Results on Jul 30, 2024

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Boston Properties, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Recent updates

Now 20% undervalued

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

BXP, Inc. Updates Earnings Guidance for the Full Year of 2024

BXP, Inc.: Easy Money Has Been Made (Rating Downgrade)

BXP, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Upcoming dividend of US$0.98 per share

Now 20% undervalued

Senior Executive Vice President recently sold US$1.6m worth of stock

Second quarter dividend of US$0.98 announced

Senior Executive Vice President notifies of intention to sell stock

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

BXP, Inc.: A Well-Covered 6% Yield From A Premier Office REIT

BXP, Inc. to Report Q2, 2024 Results on Jul 30, 2024

First quarter dividend of US$0.98 announced

Boston Properties, Inc. Declares Quarterly Cash Dividend for the Period April 1, 2024 to June 30, 2024, Payable on July 31, 2024

Boston Properties: Tentative Signs The Office Market Is Getting Less Weak (Rating Upgrade)

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Boston Properties, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 and Full Year 2024

Boston Properties, Inc., Annual General Meeting, May 22, 2024

Now 23% undervalued after recent price drop

Boston Properties, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Boston Properties: Superior Property Portfolio But Office Outlook Remains Weak

Now 22% undervalued after recent price drop

Fourth quarter dividend of US$0.98 announced

Boston Properties, Inc. Declares Regular Quarterly Dividend, Payable on April 30, 2024

Senior Executive Vice President recently sold US$889k worth of stock

Now 21% undervalued

Boston Properties, Inc. Provides Earnings Guidance for the First Quarter of 2024 and Fiscal Year 2024

Full year 2023 earnings: EPS misses analyst expectations

Office Mayhem: Why 6%-Yielding Boston Properties Remains A Hard Pass For Me

Boston Properties, Inc. to Report Q4, 2023 Results on Jan 30, 2024

Boston Properties, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 30, 2024

Investor sentiment improves as stock rises 18%

Consensus EPS estimates fall by 14%

Norges Bank Investment Management entered into agreement to acquire 45% stake in Life Sciences Development Properties Located in Kendall Square in Cambridge, Massachusetts from Boston Properties, Inc. (NYSE:BXP) for $210 million.

Boston Properties: Higher Rates And Lower Occupancy Are Significant Headwinds

Consensus EPS estimates fall by 14%

Third quarter 2023 earnings: EPS misses analyst expectations

Boston Properties, Inc. Provides Updated Earnings Guidance for Full Year 2023

Clark Construction Group Joins Representatives from BXP to Celebrate the Topping Out of Skymark Reston Town Center

7% Yield And Mounting Risks - A Closer Look At Boston Properties

Boston Properties, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.98 per share at 6.0% yield

Boston Properties - I Was Clear About The Upside

Senior Executive Vice President recently sold US$4.4m worth of stock

Boston Properties, Inc. Declares Regular Quarterly Dividend, Payable on October 31, 2023

Boston Properties: The Stock Has Become Fairly Valued

Price target increased by 7.0% to US$68.07

Boston Properties: Solid Leasing Improves The Outlook

Price target increased by 7.2% to US$68.07

New major risk - Revenue and earnings growth

Boston Properties: Solid Q2 Result Reassures Solid Dividend Yield

Boston Properties, Inc. Board Changes

BXP Announces Executive Changes

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued

Boston Properties, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Boston Properties: Don't Listen To The Doomsayers, It Is Here To Stay

Now 23% undervalued

Boston Properties, Inc. Declares Regular Quarterly Cash Dividend for the Period April 1, 2023 to June 30, 2023, Payable on July 31, 2023

Boston Properties: The Question Of Upside Or Income

New minor risk - Insider selling

Insider recently sold US$571k worth of stock

Boston Properties: Hefty 8% Yield On This Contrarian Bet

Independent Director recently bought US$474k worth of stock

High number of new directors

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop