BXP, Inc.

Real Estate Office REITs Boston, Massachusetts Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$3.5B
                    3y CAGR +3.9%
                    
                    P20
                    
                    n/a
                    
                    Net income
                    FY2025
                
$276.8M
                    Net margin +7.9%
                    
                    P27
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$26.2B
                    ROA +1.1%
                    
                    P19
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$1.2B
                    FCF margin +29.5%
                    
                    P40
                    
                    n/a

19 yrs · FY2007–FY2025 1 quarantined 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

21 accounts · 1 year

Total assets $26.2B

Total liabilities $18.5B

Shareholders equity $5.1B

Account	2025	Trend
Assets
Cash and Cash Equivalents	$1.5B
Short Term Investments	$44.6M
Accounts Receivable	$92.6M
Prepaid Expenses	$108.1M
Operating Lease Assets	$325.8M
Total Assets	$26.2B
Liabilities
Current Portion of Long Term Debt	$750.0M
Operating Lease Liabilities	$389.2M
Other Current Liabilities	$386.1M
Total Current Liabilities	$18.5B
Operating Lease Liabilities Noncurrent	$389.2M
Other Noncurrent Liabilities	$386.1M
Total Liabilities	$18.5B
Equity
Preferred Stock	$0
Common Stock	$1.6M
Additional Paid In Capital	$6.8B
Retained Earnings	$-1.7B
Treasury Stock	$2.7M
Accumulated Other Comprehensive Income	$-12.9M
Total Stockholders Equity	$5.1B
Total Liabilitiesand Equity	$26.2B

Income Statement

Revenue, expense, and profitability

15 accounts · 1 year

Revenue $3.5B

Operating income Not reported

Net income $276.8M

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	$3.5B
Expenses Cost of Revenue	$2.5B
Expenses Selling,General and Administrative	$168.8M
Expenses Depreciation and Amortization	$912.1M
Expenses Share Based Compensation	$44.3M
Expenses Operating Expenses	$2.5B
Other Income Expense Gross Profit	$2.1B
Other Income Expense Interest Expense	$653.1M
Other Income Expense Other Income/expense	$5.5M
net Income net Income	$276.8M
net Income Comprehensive Income	$266.0M
Earnings Per Share Basic Eps	$2
Earnings Per Share Diluted Eps	$2
Earnings Per Share Weighted Average Shares Basic	$158.3M
Earnings Per Share Weighted Average Shares Diluted	$158.9M

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 1 year

Operating cash flow $1.2B

Investing cash flow $-644.5M

Financing cash flow $-378.6M

Account	2025	Trend
CashFlow
Operating Activities net Income	$276.8M
Operating Activities Depreciation and Amortization	$912.1M
Operating Activities Stock Based Compensation	$44.3M
Operating Activities Changes In Operating Assets and Liabilities	$-28.4M
Operating Activities Other Non Cash Items	$-19.1M
Operating Activities net Cash From Operating Activities	$1.2B
Investing Activities Capital Expenditures	$216.7M
Investing Activities Business Acquisitions	$0
Investing Activities Other Investing Activities	$3.5M
Investing Activities net Cash From Investing Activities	$-644.5M
Financing Activities Proceeds From Debt	$865.0M
Financing Activities Repayment of Debt	$4.3M
Financing Activities Dividends Paid	$643.1M
Financing Activities Other Financing Activities	$-43.6M
Financing Activities net Cash From Financing Activities	$-378.6M
Cash Reconciliation Effect of Exchange Rate On Cash	$1.6B
Cash Reconciliation net Change In Cash	$222.1M
Cash Reconciliation Cash At Beginning of Period	$1.6B
Cash Reconciliation Cash At End of Period	$1.6B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+29.1%
Operating margin	—
Net margin	+7.9%
FCF margin	+29.5%
Growth
Revenue CAGR (3y)	+3.9%
Returns
ROE	+5.4%
ROA	+1.1%
ROIC	—
Liquidity
Current ratio	—
Quick ratio	0.09x
Leverage
D/E	3.59x
Interest coverage	—
Efficiency
Asset turnover	0.13x
Cash conversion cycle	—

Valuation

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FY2025 fundamentals · no price

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BXP, Inc.

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