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BXP

BXP

Real Estate · REIT - Office

$65.83-0.23%
Mkt Cap: $11.74BDY: 4.67%

Performance

BXP (BXP) Stock Analysis 2026

Rule-based · Updated daily · Not financial advice

BXP (BXP) operates in the REIT - Office space within the Real Estate sector. With a market cap of $11.7B, it qualifies as a mid-cap company. Growth is moderate and the business remains profitable, offering a balanced risk/reward profile compared to high-multiple peers.

Bull Case4
  • Forward P/E (31.0×) is lower than trailing P/E (33.1×) — analysts expect earnings to improve
  • Earnings grew 66% YoY — bottom-line is expanding fast
  • Healthy profit margin of 10.0%
  • Dividend yield of 4.67% provides consistent income on top of price appreciation
Bear Case3
  • P/E of 33.1× is above average — valuation requires continued strong growth to justify
  • High debt-to-equity of 211.99× increases financial risk, especially with elevated interest rates
  • Current ratio below 1 (0.98×) — short-term liabilities exceed current assets

Verdict

Buy / Hold

More positives than negatives. Fundamentals support holding while monitoring key risks.

AI Insight

Powered by Claude

AI-generated analysis for informational purposes only. Not financial advice.

Related Articles

Revenue & Results

Dividends

Current DY

4.67%

5Y Avg Annual

$3.1640

Last Payment

$0.7000

Ex-Date

03/31/2026

Annual dividends paid per share

2011
2019
2026
Ex-DatePaymentAmountEst. DY
Latest03/31/2026
04/30/2026$0.70004.25%
12/31/2025
01/30/2026$0.70004.25%
09/30/2025
10/30/2025$0.70004.25%
06/30/2025
07/30/2025$0.98005.95%
03/31/2025
04/30/2025$0.98005.95%
12/31/2024
01/30/2025$0.98005.95%
09/30/2024
10/30/2024$0.98005.95%
06/28/2024
07/28/2024$0.98005.95%

Magic Number

Shares needed to self-fund your next purchase

$65.83

Price

÷

$0.7000

Last div. (quarterly)

=

95

shares

Own 95 BXP shares ($6,253.85) and each quarterly dividend pays for 1 new share — the snowball runs on its own.

Investment target

$6,253.85

New shares / year

+4 shares

If You Had Invested…

Hypothetical return based on historical prices

$

* Dividend reinvestment calculated at ex-date price. For informational purposes only.

Earnings

Next Earnings

Jul 28, 2026

42

days

EPS (TTM)

$1.99

P/E (TTM)

33.1

Fwd P/E

31.0

Earnings History

SEC EDGAR · official filings

SEC filings

SEC Filings

Official EDGAR documents

All filings

Key Statistics

Valuation

Market Cap$11.74B
P/E Ratio33.08
Forward P/E30.98
P/B Ratio
PEG Ratio2.54
EPS (TTM)$1.99

Trading

Open
Day High
Day Low
52W High$79.33
52W Low$49.72
Volume
Avg Volume (3M)1,751,707
Beta1.06

Dividends

Dividend Yield4.67%
Annual Rate$3.08
Ex-Div Date2026-03-31
Payout Ratio154.77%

Profitability

Profit Margin10.04%
Operating Margin25.67%
ROE5.53%
ROA1.68%
Revenue Growth0.60%
Earnings Growth65.50%

Balance Sheet

Total Revenue$3.16B
Total Debt$16.36B
Debt / Equity211.99
Current Ratio0.98
Free Cash Flow$941.12M

Fair Value Estimates

Current price: $65.83

Graham Number

√(22.5 × EPS × Book Value)

$38.13

-42.1% downside

Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.

Bazin Ceiling Price

Avg. Annual DPS (5Y) ÷ 6%

$63.47

-3.6% downside

Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.

These are simplified estimates. Not financial advice.

Buy & Hold Checklist

Quality criteria for long-term holding

7/10

70% score

Pays dividends

15Y hist.

15+ years of dividend history

Dividend consistency (5Y+)

15 yrs

Uninterrupted dividend payments for at least 5 years

ROE above 10%

5.5%

Return on equity — measures how efficiently capital is used

Positive profit margin

10.0%

Net profit margin must be positive — company earns more than it spends

Revenue growth (annual)

+0.6%

Annual revenue must be growing compared to the prior year

Earnings growth (annual)

+65.5%

Annual earnings must be growing compared to the prior year

Debt/Equity below 2×

211.99×

Low financial leverage reduces risk of distress

Current ratio above 1

0.98×

Short-term assets must cover short-term liabilities

Daily liquidity above $5M

$115M/day

High trading volume ensures easy entry and exit

Dividend yield above 0%

4.67%

Stock must distribute income to shareholders

Related Assets

Real Estate

About BXP

BXP, Inc. (BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. Also, 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 March 31, 2026, including properties owned by joint ventures, BXP's portfolio totals 50.4 million square feet and 164 properties, including six properties under construction/redevelopment. BXP's portfolio consists of 143 office properties, 14 retail properties, six residential properties (including three 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 has earned a fourteenth consecutive GRESB (Green Star) recognition and the highest GRESB 5-star Rating and was named one of the world's most sustainable companies by TIME Magazine. BXP, an S&P 500 company, was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde and became a public company in 1997. BXP, Inc. was incorporated in 1970 in Delaware and is based in Massachusetts, Boston.

Sector

Real Estate

Industry

REIT - Office

Location

Boston, United States

Employees

826