BXP Q3 revenue rises on property sale gains; raises 2026 EPS, FFO guidance
BXP•BXP’s Q3 revenue rose 4.6% year over year to $911.4 million, beating analyst expectations, and EPS was $0.71. The company raised its 2026 EPS guidance to $2.35-$2.37 per diluted share and FFO guidance to $7.06-$7.08.
1. Quarterly results
BXP reported Q3 revenue of $911.4 million, up 4.6% year over year and above the $896.1 million analyst consensus. EPS was $0.71, net income was $114.5 million and FFO was $302.2 million.
2. Raised guidance
BXP raised its full-year 2026 EPS guidance to $2.35-$2.37 per diluted share and FFO guidance to $7.06-$7.08 per diluted share. The company said Q3 EPS exceeded guidance mainly due to gains on property sales, while higher EPS and FFO also reflected better-than-projected portfolio performance.
3. Occupancy and leases
Total portfolio occupancy increased 100 basis points from Q2, marking the fourth consecutive quarter of gains. BXP expects about half of 1.1 million square feet of future lease commencements before the end of 2026.
