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INDICATIVE · SAMPLE DATA
BXPNYSE66

BXP, Inc.

Commercial REITsVerified

BXP, Inc. has a liquidity position that is considered low, with a cash and equivalents balance of $1,478,206,000 and an operating cash flow of $1,245,157,000. The company's return on equity is 5.38%, and its return on assets is 1.06%. The debt-to-equity ratio is reported as 0.0, indicating a strong equity position relative to its liabilities. In terms of profitability, BXP, Inc. has a net income of $276,800,000 and a gross profit of $2,058,649,000. The company's return on equity is 5.38%, which is a measure of its profitability relative to its equity. The return on assets of 1.06% suggests that the company is generating a modest return on its total assets. BXP, Inc. operates in several geographic segments, including Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. The company's portfolio includes over 52.6 million net rentable square feet across 179 properties. The company's segments by property type include Office, Residential, and Hotel. The company's growth trajectory is reflected in its revenue of $3,482,279,000. The risk assessment indicates a medium level of dilution risk, with source documents mentioning dilution or offering risk. The company's liquidity is considered low, and there are key flags indicating potential dilution or offering risk. The risk assessment for BXP, Inc. highlights a low liquidity risk and a medium dilution risk. The company's financial statements mention dilution or offering risk, and there are potential sources of dilution, including the one-for-one exchange ratio subject to specified adjustments to prevent dilution. Recent events and filings for BXP, Inc. include the accounting resulting in a step-up of the real estate assets of BXP at the time of such redemptions, resulting in a difference between the net real estate of BXP as compared to BPLP. The company's Management’s Discussion and Analysis of Financial Condition and Results of Operations and Liquidity and Capital Resources includes information specific to each entity.

30-day price · BXP+6.88 (+13.0%)
Low$50.07High$60.75Close$59.92As of18 May, 00:00 UTC
Profile
CompanyBXP, Inc.
ExchangeNYSE
TickerBXP
CIK0001037540
SICReal Estate Investment Trusts
SectorReal Estate
BusinessReal Estate
Industry groupReal Estate
IndustryCommercial REITs
AI analysis

Business. BXP, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that develops, owns and manages premier workplaces in the United States, operating in segments including Office, Residential, and Hotel.

Classification. BXP, Inc. is classified under the Real Estate economic sector, Real Estate business sector, and Commercial REITs industry with a confidence level of 0.92.

BXP, Inc. has a liquidity position that is considered low, with a cash and equivalents balance of $1,478,206,000 and an operating cash flow of $1,245,157,000. The company's return on equity is 5.38%, and its return on assets is 1.06%. The debt-to-equity ratio is reported as 0.0, indicating a strong equity position relative to its liabilities. In terms of profitability, BXP, Inc. has a net income of $276,800,000 and a gross profit of $2,058,649,000. The company's return on equity is 5.38%, which is a measure of its profitability relative to its equity. The return on assets of 1.06% suggests that the company is generating a modest return on its total assets. BXP, Inc. operates in several geographic segments, including Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. The company's portfolio includes over 52.6 million net rentable square feet across 179 properties. The company's segments by property type include Office, Residential, and Hotel. The company's growth trajectory is reflected in its revenue of $3,482,279,000. The risk assessment indicates a medium level of dilution risk, with source documents mentioning dilution or offering risk. The company's liquidity is considered low, and there are key flags indicating potential dilution or offering risk. The risk assessment for BXP, Inc. highlights a low liquidity risk and a medium dilution risk. The company's financial statements mention dilution or offering risk, and there are potential sources of dilution, including the one-for-one exchange ratio subject to specified adjustments to prevent dilution. Recent events and filings for BXP, Inc. include the accounting resulting in a step-up of the real estate assets of BXP at the time of such redemptions, resulting in a difference between the net real estate of BXP as compared to BPLP. The company's Management’s Discussion and Analysis of Financial Condition and Results of Operations and Liquidity and Capital Resources includes information specific to each entity.
Key takeaways
  • BXP, Inc. has a strong equity position with a debt-to-equity ratio of 0.0.
  • The company's return on equity is 5.38%, indicating a moderate level of profitability relative to its equity.
  • BXP, Inc. operates in several geographic segments, including Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.
  • The company's liquidity is considered low, and there are key flags indicating potential dilution or offering risk.
  • The risk assessment for BXP, Inc. highlights a low liquidity risk and a medium dilution risk.
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Financial snapshot
PeriodFY2025
CurrencyUSD
Revenue$3.48B
Gross profit$2.06B
Operating income
Net income$276.8M
R&D
SG&A$168.8M
D&A$912.1M
SBC$44.3M
Operating cash flow$1.25B
CapEx
Free cash flow
Total assets$26.17B
Total liabilities$18.47B
Total equity$5.15B
Cash & equivalents$1.48B
Long-term debt
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY2025$3.48B$276.8M
FY2024$3.41B$14.3M
FY2025$3.41B$14.3M
FY2023$3.27B$190.2M
FY2024$3.27B$190.2M
PeriodGross %Op %Net %FCF %
FY2025
FY2024
FY2025
FY2023
FY2024
PeriodAssetsEquityCashDebt
FY2025$26.17B$5.15B$1.48B
FY2024$26.08B$5.41B$1.25B
FY2025$26.08B$5.41B$1.25B
FY2023$26.03B$5.88B$1.53B
FY2024$26.03B$5.88B$1.53B
PeriodOCFCapExFCFSBC
FY2025$1.25B$44.3M
FY2024$1.23B$43.9M
FY2025$1.23B$43.9M
FY2023$1.30B$51.5M
FY2024$1.30B$51.5M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
Q3 2025$2.61B$28.4M
Q2 2025$1.73B$150.2M
Q3 2025
Q1 2025$865.2M$61.2M
PeriodGross %Op %Net %FCF %
Q3 2025
Q2 2025
Q3 2025
Q1 2025
PeriodAssetsEquityCashDebt
Q3 2025$26.00B$5.00B$861.1M
Q2 2025$25.62B$5.26B$447.0M
Q3 2025$7.85B
Q1 2025$25.44B$5.32B$398.1M
PeriodOCFCapExFCFSBC
Q3 2025$837.4M$39.6M
Q2 2025$563.2M$34.9M
Q3 2025
Q1 2025$210.0M$22.9M
Valuation
Market price
Market cap
Enterprise value
P/E
Reported non-GAAP P/E
EV/Revenue
EV/Op income
EV/OCF
P/B
P/Tangible book
Tangible book$7.69B
Net cash$1.48B
Current ratio
Debt/Equity0.0
ROA1.1%
ROE5.4%
Cash conversion4.5%
CapEx/Revenue
SBC/Revenue1.3%
Asset intensity
Dilution ratio0.2%
Risk assessment
Dilution riskMedium
Liquidity riskLow
  • Source documents mention dilution or offering risk.
Industry benchmarks
Activity: Commercial REITs · cohort 112 companies
MetricBXPActivity
Op margin47.1% medp25 47.1% · p75 47.1%
Net margin7.9%32.1% medp25 32.1% · p75 32.1%bottom quartile
Gross margin59.1%59.1% medp25 59.1% · p75 59.1%top quartile
CapEx / revenue-2.8% medp25 -15.7% · p75 -0.5%
Debt / equity0.0%69.5% medp25 34.7% · p75 115.1%bottom quartile
Observations
IR observations
market data ESG controversies score100.0
market data ESG governance pillar53.1
market data ESG social pillar79.7
market data insider trading score5.0
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
SEC filingstype companyfacts · CIK 0001037540 · 536 us-gaap concepts
2026-05-01 11:57 UTC#127e30c9
Source: analysis-pipeline (hybrid)Generated: 2026-05-01 11:58 UTCJob: 7f7d4a48