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BXP, Inc. (BXP)

Real Estate | REIT - Office | Boston, United States | NYSE
69.32 USD -0.65 (-0.929%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 68.89 -0.43 (-0.430%) ⇩ (Aug. 28, 2026, 7:30 p.m. EDT)
Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Aug. 22, 2026, 1:48 a.m. EDT

The investment case for BXP is currently broken by a severe disconnect between its valuation and its performance. Despite trading at a historically low multiple relative to peers, the stock has delivered a catastrophic -51% return over the last nine years, with the most recent annual period showing another decline. This is not a classic value trap where the market is overly pessimistic; the price action confirms that the market views the business quality as deteriorating. Fundamentally, the company is bleeding capital with a massive debt load (over $16 billion) against a tiny cash reserve, resulting in a precarious balance sheet and a payout ratio exceeding 150%, meaning the dividend is being funded by borrowing rather than earnings. The recent news of asset sales further signals distress management rather than strategic growth. While the 4% yield is attractive on paper, it is unsustainable given the erosion of book value and the likelihood of future cuts if credit markets tighten. The options market agrees with this bearish thesis, with traders aggressively buying protection at levels far below the current price. There is no catalyst here to reverse the multi-year downtrend, making this a dangerous hold for both income and growth investors.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.094319
AutoETS0.094323
MSTL0.098860
AutoTheta0.100411

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 46%
H-stat 5.04
Ljung-Box p 0.000
Jarque-Bera p 0.546
Excess Kurtosis -0.10
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 211.631
Revenue per Share 20.111
Market Cap 12,538,423,296
Trailing P/E 37.27
Forward P/E 31.65
Beta 1.04
Profit Margins 9.30%
Previous Name Boston Properties, Inc.
Website https://www.bxp.com

As of Aug. 22, 2026, 1:48 a.m. EDT: Speculators are positioning defensively with heavy put volume at strikes significantly below the current price (40, 50, 55), creating a major wall of resistance. While there is some call volume at higher strikes (70, 77.5), the overwhelming open interest concentration in deep out-of-the-money puts suggests a fear of a significant downside gap or a 'floor' forming well below current levels. Implied volatility is elevated on these protective strikes, indicating the market prices in substantial downside risk over the coming months.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.06% 4.38% 5.33% 5.18%
Dividend History
Date Dividend Yield %
2026-06-30 0.700 1.055648
2026-03-31 0.700 1.348748
2025-12-31 0.700 1.037344
2025-09-30 0.700 0.941620
2025-06-30 0.980 1.452497
2025-03-31 0.980 1.458550
2024-12-31 0.980 1.317913
2024-09-30 0.980 1.217997
2024-06-28 0.980 1.591943
2024-03-27 0.980 1.551861
2023-12-28 0.980 1.362057
2023-09-28 0.980 1.655405
2023-06-29 0.980 1.716287
2023-03-30 0.980 1.838649
2022-12-29 0.980 1.450992
2022-09-29 0.980 1.312266
2022-06-29 0.980 1.088768
2022-03-30 0.980 0.748892
2021-12-30 0.980 0.846872
2021-09-29 0.980 0.881136
2021-06-29 0.980 0.860933
2021-03-30 0.980 0.951364
2020-12-30 0.980 1.043997
2020-09-29 0.980 1.220727
2020-06-29 0.980 1.092896
2020-03-30 0.980 1.054217
2019-12-30 0.980 0.717056
2019-09-27 0.950 0.730095
2019-06-27 0.950 0.742014
2019-03-28 0.950 0.711078
2018-12-28 0.950 0.848745
2018-09-27 0.950 0.786945
2018-06-28 0.800 0.640307
2018-03-28 0.800 0.648298
2017-12-28 0.800 0.620925
2017-09-28 0.750 0.610898
2017-06-28 0.750 0.607829
2017-03-29 0.750 0.571908
2016-12-28 0.750 0.612445
2016-09-28 0.650 0.469721
2016-06-28 0.650 0.504150
2016-03-29 0.650 0.512740
2015-12-29 1.900 1.463565
2015-09-28 0.650 0.567686
2015-06-26 0.650 0.526614
2015-03-27 0.650 0.464917
2014-12-29 5.150 3.938815
2014-09-26 0.650 0.563991
2014-06-26 0.650 0.554087
2014-03-27 0.650 0.575018
2013-12-27 2.900 2.888446
2013-09-26 0.650 0.608956
2013-06-26 0.650 0.625541
2013-03-26 0.650 0.645738
2012-12-27 0.650 0.615123
2012-09-26 0.550 0.498188
2012-06-27 0.550 0.529610
2012-03-28 0.550 0.527173
2011-12-28 0.550 0.555163
2011-09-28 0.500 0.550600
2011-06-28 0.500 0.479386
2011-03-29 0.500 0.534645
2010-12-29 0.500 0.577968
2010-09-28 0.500 0.588512
2010-06-28 0.500 0.669792
2010-03-29 0.500 0.655738
2009-12-29 0.500 0.722335
2009-09-28 0.500 0.743052
2009-06-26 0.500 1.065871
2009-03-27 0.680 1.968732
2008-12-29 0.680 1.348939
2008-09-26 0.680 0.717981
2008-06-26 0.680 0.748487
2008-03-27 0.680 0.731812
2007-12-27 6.660 7.155904
2007-09-26 0.680 0.672535
2007-06-27 0.680 0.659042
2007-03-28 0.680 0.591304
2006-12-27 6.080 5.535828
2006-09-27 0.680 0.654475
2006-06-28 0.680 0.775547
2006-03-29 0.680 0.701972
2005-12-28 0.680 0.912874
2005-09-28 3.180 4.593384
2005-06-28 0.680 0.989523
2005-03-29 0.650 1.103191
2004-12-29 0.650 1.018809
2004-09-28 0.650 1.190476
2004-06-28 0.650 1.295337
2004-03-29 0.630 1.183988
2003-12-26 0.630 1.313869
2003-09-26 0.630 1.460023
2003-06-26 0.630 1.448942
2003-03-26 0.610 1.587715
2002-12-26 0.610 1.678129
2002-09-26 0.610 1.610348
2002-06-26 0.610 1.524238
2002-03-26 0.580 1.464647
2001-12-26 0.580 1.522310
2001-09-26 0.580 1.580812
2001-06-27 0.580 1.426814
2001-03-28 0.530 1.374838
2000-12-27 0.530 1.199434
2000-09-27 0.530 1.237956
2000-06-28 0.530 1.394737
2000-03-29 0.450 1.440000
1999-12-28 0.450 1.463415
1999-09-28 0.450 1.475410
1999-06-28 0.426 1.197891
1999-03-29 0.425 1.360000
1998-12-28 0.425 1.404959
1998-11-05 0.425 1.393443
1998-08-06 0.405 1.296000
1998-05-06 0.405 1.218045
1997-12-23 0.405 1.231939
1997-11-05 0.440 1.313433
Additional Data
dividendRate 2.8
dividendYield 4.0
exDividendDate 2026-06-30
trailingAnnualDividendRate 2.8
trailingAnnualDividendYield 0.04001715
lastDividendValue 0.7
lastDividendDate 2026-06-30
dividendDate 2026-07-31

Info Dump

Attribute Value
52 Week Change -0.033563554
Address1 Prudential Center, 800 Boylston Street
Address2 Suite 1900
All Time High 147.83
All Time Low 23.4375
Ask 69.56
Ask Size 200
Audit Risk 6
Average Analyst Rating 2.1 - Buy
Average Daily Volume10 Day 1,202,090
Average Daily Volume3 Month 1,423,770
Average Volume 1,423,770
Average Volume10Days 1,202,090
Beta 1.039
Bid 69.52
Bid Size 200
Board Risk 9
Book Value 32.316
City Boston
Compensation As Of Epoch Date 1,483,142,400
Compensation Risk 9
Country United States
Crypto Tradeable 0
Currency USD
Current Price 69.32
Current Ratio 0.506
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 70.72
Day Low 69.29
Debt To Equity 211.631
Display Name BXP
Dividend Date 1,785,456,000
Dividend Rate 2.8
Dividend Yield 4.0
Earnings Call Timestamp End 1,785,333,600
Earnings Call Timestamp Start 1,785,333,600
Earnings Growth -0.232
Earnings Quarterly Growth -0.229
Earnings Timestamp 1,785,268,800
Earnings Timestamp End 1,793,131,200
Earnings Timestamp Start 1,793,131,200
Ebitda 1,617,154,048
Ebitda Margins 0.50691
Enterprise To Ebitda 18.245
Enterprise To Revenue 9.249
Enterprise Value 29,505,275,904
Eps Current Year 2.09673
Eps Forward 2.19032
Eps Trailing Twelve Months 1.86
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 617 236 3311
Fifty Day Average 68.2198
Fifty Day Average Change 1.1001968
Fifty Day Average Change Percent 0.016127236
Fifty Two Week Change Percent -3.3563554
Fifty Two Week High 79.33
Fifty Two Week High Change -10.010002
Fifty Two Week High Change Percent -0.1261818
Fifty Two Week Low 49.72
Fifty Two Week Low Change 19.599998
Fifty Two Week Low Change Percent 0.3942075
Fifty Two Week Range 49.72 - 79.33
Financial Currency USD
First Trade Date Milliseconds 866,640,600,000
Five Year Avg Dividend Yield 5.27
Float Shares 158,227,795
Forward Eps 2.19032
Forward P E 31.648344
Free Cashflow 880,636,864
Full Exchange Name NYSE
Full Time Employees 826
Fullday Change -0.650002
Fullday Change Percent -0.928972
Fullday Price 68.89
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.56452
Gross Profits 1,800,928,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00375
Held Percent Institutions 1.13238
Implied Shares Outstanding 180,877,428
Industry REIT - Office
Industry Disp REIT - Office
Industry Key reit-office
Ir Website http://ir.bostonproperties.com/phoenix.zhtml?c=120176&p=irol-irhome
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.7
Last Fiscal Year End 1,767,139,200
Long Business Summary BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. It is concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2026, including properties owned by joint ventures, BXP's portfolio totals 51.1 million square feet and 164 properties, including six properties under construction/redevelopment. BXP's portfolio consists of 143 office properties, 13 retail properties, seven residential properties (including four residential properties under construction) and one hotel. BXP is well known for its in-house building management expertise and responsiveness to clients' needs. BXP holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban office centers and build-to-suit projects for a diverse array of creditworthy clients. BXP actively works to promote its growth and operations in a sustainable and responsible manner. BXP, Inc. was incorporated in 1970 in Delaware and is based in Massachusetts, Boston.
Long Name BXP, Inc.
Market us_market
Market Cap 12,538,423,296
Market State CLOSED
Max Age 86,400
Message Board Id finmb_368278
Most Recent Quarter 1,782,777,600
Name Change Date 2,026-08-28
Net Income To Common 296,824,992
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 11,171,519,073
Number Of Analyst Opinions 20
Open 70.43
Operating Cashflow 1,284,499,968
Operating Margins 0.28755
Overall Risk 9
Payout Ratio 1.5054
Peg Ratio 3.3
Phone 617 236 3300
Post Market Change -0.4300003
Post Market Change Percent -0.62031204
Post Market Price 68.89
Post Market Time 1,787,959,805
Prev Name Boston Properties, Inc.
Previous Close 69.97
Price Eps Current Year 33.061005
Price Hint 2
Price To Book 2.1450672
Price To Sales Trailing12 Months 3.9302692
Profit Margins 0.09304
Quick Ratio 0.448
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.13636
Region US
Regular Market Change -0.650002
Regular Market Change Percent -0.928972
Regular Market Day High 70.72
Regular Market Day Low 69.29
Regular Market Day Range 69.29 - 70.72
Regular Market Open 70.43
Regular Market Previous Close 69.97
Regular Market Price 69.32
Regular Market Time 1,787,947,202
Regular Market Volume 857,959
Return On Assets 0.01683
Return On Equity 0.05308
Revenue Growth 0.037
Revenue Per Share 20.111
Sand P52 Week Change 0.20504117
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 8
Shares Outstanding 159,661,556
Shares Percent Shares Out 0.0655
Shares Short 10,454,516
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 11,031,286
Short Name BXP, Inc.
Short Percent Of Float 0.0871
Short Ratio 7.21
Source Interval 15
State MA
Symbol BXP
Target High Price 91.0
Target Low Price 60.0
Target Mean Price 76.35
Target Median Price 76.5
Total Cash 495,528,000
Total Cash Per Share 3.104
Total Debt 16,358,486,016
Total Revenue 3,190,220,032
Tradeable 0
Trailing Annual Dividend Rate 2.8
Trailing Annual Dividend Yield 0.04001715
Trailing Eps 1.86
Trailing P E 37.268818
Trailing Peg Ratio 3.1994
Triggerable 1
Two Hundred Day Average 63.66775
Two Hundred Day Average Change 5.6522484
Two Hundred Day Average Change Percent 0.08877726
Type Disp Equity
Volume 857,959
Website https://www.bxp.com
Zip 02,199-8103