Boston, Massachusetts-based BXP, Inc. (BXP) is a developer, owner, and manager of premier workplaces in the United States. With a market cap of $14.1 billion, its properties are concentrated in the dynamic gateway markets of Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. The REIT is expected to release its Q3 earnings after the market closes on Tuesday, Oct. 29.
Ahead of the event, analysts expect BXP to report funds from operations (FFO) of $1.81 per share, down 2.7% from $1.86 per share reported in the year-ago quarter. The company has surpassed or matched Wall Street’s FFO projections in each of the past four quarters. Its FFO for the last reported quarter declined 4.8% year-over-year to $1.77 per share, exceeding the estimates by 2.9%.
