BXP, Inc. (BXP) Earnings Call Transcripts

BXP, Inc.'s Latest Earnings Call - September 15, 2026

In the third quarter of 2026, BXP, Inc. reported strong leasing activity and asset sales, which are likely to positively impact stock performance. The company achieved $1.3 billion in sales year-to-date with an additional $200 million under contract, and it is on track to meet its goal of $1.9 billion in asset sales by the end of the three-year period. Revenue and earnings figures were not disclosed, but management expressed confidence in achieving a year-end occupancy target of 89%, up from 88.4%. Guidance for future occupancy growth remains optimistic, with management targeting a 200 basis point increase in occupancy for 2026 and 2027.

Reported metrics

Guidance from management

Management maintained an optimistic outlook for occupancy growth, targeting a 200 basis point increase for both 2026 and 2027. They also indicated a strong pipeline of leasing activity and development projects, while acknowledging refinancing challenges ahead.

What management said

Yes, we are doing that. I mean, in fact, we have one example right now with a 75,000 square foot tenant who has a lease expiration in 2032 that asks for a 10-year renewal proposal today starting in 2032.

So we can build a suite for -- in San Francisco, as an example, for somewhere between $160 and $220 a square foot. And if we're doing an 11-year deal in San Francisco, we're giving $185 to $220 a square foot. So the money that we're spending is about the same. The tenant unusually spends a lot more than that allowance. So we can do it more efficiently, but they tend to do these bespoke kinds of configurations and the...

What analysts pressed on

Analysts expressed concerns regarding the impact of rising interest rates on refinancing costs and overall market demand, particularly in suburban areas. There was also a focus on the potential headwinds from upcoming loan maturities and how these could affect earnings.

Main topics on the call

• Leasing Activity — BXP has leased 950,000 square feet in the current quarter, contributing to a total of 3 million square feet leased in the first half of the year. Management stated, 'We have a high degree of confidence in our continued s...
• Asset Sales Progress — The company has closed $1.3 billion in asset sales and has $200 million more under contract, with a goal of reaching $1.9 billion by September 2026. Owen Thomas noted, 'We are well on our way to accomplishing our goals.'
• Development Pipeline — BXP has a development pipeline of 3.5 million square feet valued at $3.2 billion, with significant projects like 343 Madison already 56% leased. The project at 290 Binney Street was delivered at an 8.9% yield, indicating...
• Future Occupancy Guidance — Management is targeting a 200 basis point increase in occupancy for both 2026 and 2027, aiming for a stabilized occupancy of 93-94%. They noted, 'We have a decent amount of available space' that could drive this growth.

Read the full BXP, Inc. transcript (September 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 56 BXP, Inc. earnings call transcripts on record, spanning January 29, 2020 to September 15, 2026. Based on this history, BXP, Inc. reports quarterly. The most recent call on file is dated September 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BXP

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Office REITs

Calls on record

56

First call

January 29, 2020

Most recent

September 15, 2026

Reporting cadence

quarterly