Boston-based BXP, Inc. (BXP), the largest publicly traded developer, owner, and manager of premier workplaces, has a market cap of $11.7 billion. Operating as a real estate investment trust (REIT), BXP owns, develops, and manages office properties, including 186 properties and 53.5 million square feet through joint ventures.
Shares of this leading office REIT have outpaced the broader market considerably over the past year. BXP has climbed 49.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31%. However, in 2024, BXP’s stock rose 15%, compared to SPX’s 25.2% rise on a YTD basis.
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