With a market cap of $10.3 billion, BXP, Inc. (BXP) is the largest publicly traded real estate investment trust (REIT) focused on developing, owning, and managing premier workplaces in the United States. BXP operates a 53.3 million square foot portfolio across six key gateway markets, including New York, San Francisco, and Washington, DC.
Shares of the Boston, Massachusetts-based company have lagged behind the broader market over the past 52 weeks. BXP has gained 4.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 9.8%. Moreover, shares of BXP are down 12.6% on a YTD basis, compared to SPX’s marginal decline.
