With a market cap of $10.8 billion, BXP, Inc. (BXP) is one of the largest publicly traded REIT owners, developers, and managers of premium workplaces in the United States. Boston, Massachusetts-based, the company focuses on high-quality office, life sciences, retail, residential, and mixed-use properties in six major gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C.
BXP has been stuck in the slow lane while the broader market races ahead. BXP stock has gained 1.9% over the past year, while the broader S&P 500 Index ($SPX) has rallied 20.5%. Moreover, shares of the company are up marginally on a YTD basis, compared to SPX’s 12.1% rise.
