profit from every $100 of sales.
$0$100
BXP
$63.44-0.16% today
-12.4% in 1 year
1-year low $51.021-year high $72.97
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $41.40 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What BXP sold, what it kept, and what it did with the cash.
Sales went from $3.11 billion in 2022 to $3.48 billion in 2025, with $277 million of profit last year.
SalesProfit
BXP handed back 52% of the cash it generated last year.
$643M
Free cash flow 2025$1.2B
Bought back its own shares–
Paid as dividends$643M
Cash vs. debt$1.5B vs. $17.4B
BXP vs. similar companies
BXP grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| BXP | 41.4× · Expensive | ||
 MERLIN Properties SOCIMI | 9.4× · Cheap | ||
 Alexandria Real Estate Equities | No profit yet | ||
 Vornado Realty | 7.9× · Cheap | ||
 Nippon Building Fund | 24.3× · Fair price |
AI analysis
An AI analyst reads BXP's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 2,766 | 2,889 | 3,109 | 3,274 | 3,408 | 3,482 | |
| 1,694 | 1,814 | 1,973 | 2,057 | 2,086 | 2,112 | |
| – | – | 1,061 | 1,039 | 1,022 | 1,014 | |
| – | – | 2,210 | 1,704 | 1,619 | 1,949 | |
| 873 | 505 | 849 | 190 | 14 | 277 | |
| 5.54 | 3.17 | 5.40 | 1.21 | 0.09 | 1.74 | |
| 61.3% | 62.8% | 63.5% | 62.8% | 61.2% | 60.6% | |
| – | – | 34.1% | 31.7% | 30.0% | 29.1% | |
| 31.6% | 17.5% | 27.3% | 5.8% | 0.4% | 7.9% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 22,858 | 22,365 | 24,208 | 26,026 | 26,085 | 26,166 |
| Cash | 1,669 | 453 | 690 | 1,531 | 1,255 | 1,478 |
| Total debt | – | – | 14,694 | 16,625 | 16,984 | 17,359 |
| Total liabilities | 14,512 | 14,322 | 15,837 | 17,834 | 18,137 | 18,474 |
| 5,996 | 5,834 | 6,140 | 5,885 | 5,423 | 5,155 | |
| 156 | 156 | 157 | 157 | 158 | 159 | |
| – | – | 5.5% | 3.1% | 2.6% | 3.6% | |
| 14.6% | 8.7% | 13.8% | 3.2% | 0.3% | 5.4% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,157 | 1,133 | 1,282 | 1,302 | 1,235 | 1,245 | |
| 160 | 151 | 177 | 171 | 190 | 217 | |
| – | – | 1,282 | 1,302 | 1,235 | 1,245 | |
| Dividends paid | 689 | 684 | 685 | 688 | 690 | 643 |
| – | – | 0 | 0 | – | – | |
| 44 | 51 | 52 | 51 | 44 | 44 |
Valuation
- 41.4×
- 37.0×
- –
- 1.8×
- 3.3×
- 9.2×
- 14.0×
- 10.9%
- 2.4%
- 5.1%
Profitability
- 60.6%
- 29.1%
- 7.9%
- 53.8%
- 5.0%
- 1.8%
- 6.2%
- 1.3%
- 5.2%
- –
Growth
- +4.7%
- −20.7%
- −12.3%
- −3.0%
- +0.5%
Financial health
- 8.2×
- 3.10
- 63.6%
- 2.0×
- 0.59
- 0.59
- 0.14
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 42%of 746
Bottom 40%of 752
Bottom 15%of 666
Bottom 40%of 762
Top 19%of 763
What analysts expect
- Average price target
- $72.10
- Range
- $62.00 – $81.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 1.59 | 1.58 | +0.6% |
| Jan 27, 2026 | 1.76 | 1.80 | −2.2% |
| Oct 28, 2025 | 1.74 | 1.72 | +1.2% |
| Jul 29, 2025 | 1.71 | 1.67 | +2.4% |
| Apr 29, 2025 | 1.64 | 1.65 | −0.6% |
| Jan 28, 2025 | -1.45 | 0.49 | −396.8% |
| Oct 29, 2024 | 1.81 | 1.81 | +0.0% |
| Jul 30, 2024 | 1.77 | 1.72 | +2.9% |
5.1%of the share price, paid each year
On $1,000 invested$51a year at today's yield, before tax
−3.0%2020 to 2025
Raised–not every year
Paid per share, each year
$3.85 in 2015 → $3.36 in 2025
How safe it looks
232.3% of its profit
Room to growStretchedMore than it earns: 51.6%
News
CBRE, BXP among real estate losers; Host Hotels & Resorts, Fermi in gainersSeeking Alpha · Sep 12, 2026The newest story we have is from Sep 12, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
54No pass
Benjamin Graham
62Pass
Philip Fisher
44No pass
Peter Lynch
28No pass
Joel Greenblatt
17No pass
Charlie Munger
48No pass
Terry Smith
46No pass
Questions about BXP
Is BXP a good stock to buy?
A business with weak numbers, but the price is high. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the BXP AI analysis
What does BXP do?
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. It is in REIT - Office, based in Boston, MA, United States, with 826 employees.
Does BXP pay a dividend?
Yes. At today's price the dividend is 5.1% a year, about 232% of its yearly profit. In 2025 it paid out $643 million in dividends.
Is BXP stock halal?
No. BXP does not pass our halal screen: its debt is 152% of its market value, at or above the 33% limit. How we check
How has BXP stock done over the past year?
Down 12.4% over the past twelve months, to $63.44. It traded between $51.02 and $72.97 and is 13.1% below its high.
Who are BXP's competitors?
The largest listed companies in the same industry are MERLIN Properties SOCIMI, Alexandria Real Estate Equities, Vornado Realty and Nippon Building Fund. The peers table on this page compares their profit, growth and price with BXP's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.