BXP, Inc., the largest publicly traded developer, owner, and manager of premier workplaces, is set to release its fiscal fourth-quarter earnings report for 2025. Based in Boston, Massachusetts, the company, valued at approximately $11 billion by market capitalization, operates as a real estate investment trust (REIT) managing a portfolio that includes properties owned by joint ventures totaling 53.5 million square feet across 186 properties.
Analysts predict that BXP will report a funds from operations (FFO) of $1.80 per share on a diluted basis, reflecting a slight increase from $1.79 per share in the same quarter last year. Historically, the company has shown resilience, meeting or exceeding consensus estimates in three of the past four quarters, while falling short on one occasion. For the full fiscal year, analysts are projecting an FFO of $6.90 per share, which marks a decline of 2.8% from $7.10 per share in fiscal 2024. Nonetheless, BXP’s FFO is expected to rebound with a projected increase of 2.5% year-over-year to $7.07 per share in fiscal 2026.
Stock Performance and Analyst Insights
BXP’s stock has notably lagged behind the broader market, underperforming the S&P 500 Index’s gains of 14.8% over the past year. During this period, BXP shares have declined by 9.1%. The company also struggled against the Real Estate Select Sector SPDR Fund, which experienced only marginal losses within the same timeframe.
On October 28, 2025, BXP reported its third-quarter results, revealing an FFO of $1.74 per share, which exceeded Wall Street expectations of $1.72 per share. Despite this positive performance, BXP’s shares closed down more than 5% in the following trading session. The company reported revenues of $871.5 million, reflecting a 1.4% year-over-year increase. For full-year projections, BXP expects FFO to fall within the range of $6.89 to $6.92 per share.
Analysts maintain a moderately bullish outlook on BXP stock, issuing a “Moderate Buy” rating overall. Among the 23 analysts monitoring the stock, 10 recommend a “Strong Buy,” while 13 suggest a “Hold.” The average price target set by analysts is $78.85, indicating a potential upside of 13.9% from current levels.
As investors await the upcoming earnings report, BXP’s performance will be closely scrutinized, particularly regarding its ability to navigate current market challenges and its future growth trajectory.
