BXP
BXP, Inc.Evidence as of 2026-10-01The desk's Snapshot
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Overview · BXP, Inc.
Boston Properties (NYSE: BXP) is the largest publicly traded developer, owner, and manager of Class A office properties in the United States, concentrated in six markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires, and owns a diverse portfolio o…
Management team
- Ms. Hilary J. Spann · Executive Vice President of New York RegionFind on LinkedIn
- Mr. Bryan J. Koop · Executive Vice President of Boston RegionFind on LinkedIn
- Mr. Michael E. LaBelle · Executive VP, Treasurer & CFOFind on LinkedIn
- Mr. Douglas T. Linde · President & DirectorFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.8 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The surviving record yields a cautious evidence balance ( -0.8 of a possible +2; was -0.8 before debate) with high confidence. Revenues rose from $ 865,215,000 in FY 2026 (fiscal quarter ended 2026-07-31) for the three months 2025-01-01 to 2025-03-31 to $ 895,699,000 in FY 2026 (2026-04-01 to 2026-06-30). Net income and diluted EPS have been volatile across the reported spans — net income ranged from a loss of $ 121,712,000 in Q3 2025 (fiscal quarter ended 2025-10-31) to $ 101,576,000 in FY 2026 (fiscal quarter ended 2026-03-31), and diluted EPS moved from $ 0.39 to $ 0.56, then -$ 0.77, $ 0.64 and $ 0.43 in the successive three‑month periods listed.
Balance‑sheet and market snapshots show material tension: cash and cash equivalents peaked at $ 1,478,206,000 as of 2025-12-31 and declined to $ 493,949,000 as of 2026-06-30 while consolidated debt was reported at approximately $ 15.6 billion as of February 20, 2026. Market metrics in the packet show a price of $ 61.11 per share as of 2026-09-30, TTM P/E of 71.06 (EPS TTM $ 0.86), enterprise value $ 12,562,968,687 and EV/EBITDA TTM of 7.03.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenues rose from $865,215,000 in the period FY 2026 (2025-01-01 to 2025-03-31, 3mo) to $895,699,000 in the period FY 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001037540-26-000019Net income has been volatile: $61,177,000 in FY 2026 (2025-01-01 to 2025-03-31, 3mo), $88,977,000 in FY 2026 (2025-04-01 to 2025-06-30, 3mo), a loss of $121,712,000 in Q3 2025 (2025-07-01 to 2025-09-30, 3mo), $101,576,000 in FY 2026 (2026-01-01 to 2026-03-31, 3mo) and $68,564,000 in FY 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001037540-26-000019Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The 10-K filed 27 February 2026 reports that, as of February 20, 2026, Consolidated Debt was approximately $15.6 billion (excluding unconsolidated joint venture debt).
10-K filed 2026-02-27The 10-K filed 27 February 2026 added a concentration risk stating substantially all revenue is derived from properties located in six markets: Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC, and that a downturn in those markets could reduce demand for office space and rents.
10-K filed 2026-02-27Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings totaled "$10.82B" as of the reporting period 2026-06-30.
13F holdings · 555 filers · as of 2026-06-30First Eagle Investment Management, LLC was reported as a top 13F holder with "$1.26B" in holdings (13F data as of 2026-06-30).
13F holdings · 555 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple outlets reported that BXP reaffirmed its regular quarterly cash dividend of $0.70 per share for the July to September 2026 period, with coverage emphasizing income-focused investors' attention.
News · simplywall.st · 2026-09-25Separate coverage repeated the dividend reaffirmation and its potential effect on investor interest for the same July to September 2026 period.
News · simplywall.st · 2026-09-23Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The market price used in this evidence is $61.11 per share as of 2026-09-30.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month price-to-earnings (P/E) is 71.06 using EPS TTM of $0.86.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-filed and market-derived data points jointly support a favorable read: SEC filings show sequential revenue growth (fundamentals-0) and the valuation set indicates a moderate EV/EBITDA of 7.03 plus strong operating cash flow and operating income on a trailing-twelve-month basis (valuation-2, valuation-3). Dividend reaffirmations reported across multiple outlets (news-0, news-1) and substantial institutional ownership (ownership-0, ownership-1, ownership-2) provide corroborating market and investor confidence signals. The strength of the revenue and cash-flow evidence is high (company filings and calculated TTM metrics), while the dividend/ownership signals are medium-strength media and 13F data that reinforce the liquidity and investor base narrative. These points rebut concerns that focus solely on episodic net income volatility or single-item impairments by emphasizing recurring cash generation and a valuation multiple that, per the provided evidence, implies operational resilience.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.36
30 surviving claims rest on 13 distinct sources; the heaviest analyst carries 23% of them, and 98% of what the desk raised survived the debate.
The surviving set is moderately diverse but not robust: 30 claims draw on 13 sources, so each source supplies multiple claims and the largest analyst accounts for nearly a quarter of the claims—that gives some concentration risk. The very high internal survival rate (98%) means the desk largely retained its initial reads during debate, which increases confidence in consistency but also raises the chance that overlooked errors persisted; treat individual claims that rest on single documents (especially one-off filings) as more fragile.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
13 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.4 to the score
4 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.8 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on BXP Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.