Boston, Massachusetts-based BXP, Inc. (BXP) is the largest publicly traded developer, owner, and manager of premier workplaces. Valued at $11.7 billion by market cap, the company owns, develops, and manages workplaces and office properties. BXP operates as a real estate investment trust (REIT), including properties owned by joint ventures totaling 53.5 million square feet and 186 properties.
Shares of this REIT have underperformed the broader market considerably over the past year. BXP has gained 10.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 24.3%. In 2024, BXP’s stock rose 6%, compared to SPX’s 17.2% rise on a YTD basis.
