BXP Inc earnings missed by $0.31, revenue topped estimates

BXP, Inc. (BXP) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Supplemental Operating and Financial Data for the Quarter Ended September 30, 2026 THE COMPANY BXP, Inc. (NYSE: BXP) (“BXP” or the “Company”) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six

BXP reported Q3 2026 net income of $114.5M, reversing a $121.7M loss from the prior year. Revenue rose 4.6% to $871.5M. EPS and FFO beat guidance, prompting raised full-year 2026 outlooks. Portfolio occupancy increased to 89.4%.

Analysts from Wells Fargo and other firms maintained Buy ratings on Iron Mountain (IRM), BXP, and Prologis (PLD) with price targets of $140, $82, and $150 respectively. IRM and PLD have Strong Buy consensus ratings, while BXP has a Moderate Buy rating. Average price targets suggest potential upsides of 31.4%, 24.3%, and 19.7% respectively.

BXP sold a 10.6% equity stake in its $2B 343 Madison Ave. project to AVRS Partners, gaining financial flexibility. BXP secured a $1.2B construction loan with a SOFR+2.5% interest rate. Leasing progress includes Starr and McDermott Will & Schulte, with 70% pre-leased. Completion is expected in 2029.

BXP sold a 10.6% equity stake in its $2B Midtown Manhattan office tower project to AVRS Partners. The deal follows a $1.2B construction loan and provides BXP with financial flexibility. BXP retains control and management fees. AVRS, co-founded by Edmond Safra, has invested in other BXP properties, including the GM Building valued at $3.7B.

BXP, Inc. (BXP) sold a 10.6% stake in its 343 Madison Avenue development to AVRS Partners. The $2.0B project is 56% pre-leased, with a $1.2B construction loan, and is expected to complete in Q3 2029. BXP retains control and management of the joint venture.