BXP sees Q3 2026 EPS of $0.50-$0.52 and FFO of $1.80-$1.82 per diluted share
Company updates full-year 2026 EPS guidance to $2.14-$2.24 per diluted share
BXP raises full-year 2026 FFO guidance to $6.99-$7.05 per diluted share
Overview
US office REIT's Q2 revenue rose 3.1% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations; net income missed estimates
Company executed 1.8 mln SF of leases, raising occupancy by 100 basis points
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$895.70 mln
$860.33 mln (8 Analysts)
Q2 EPS
Beat
$0.43
$0.40 (7 Analysts)
Q2 Net Income
Miss
$68.60 mln
$70.66 mln (11 Analysts)
Q2 FFO
$283.40 mln
Result drivers
Leasing activity - Co executed 1.8 mln SF of leases in Q2, about 129% of its 10-yr average for the period, contributing to higher occupancy and revenue
Occupancy gains - Total portfolio occupancy rose 100 basis points from Q1, with most of the increase from gains across the existing portfolio and the addition of a fully occupied property placed in service
Impairment charge - Q2 net income was reduced by a non-cash impairment charge related to the anticipated disposition of Sumner Square in Washington, DC
BXP•
