BXP, Inc. earnings overview

BXP FY2026 Q1 · Calendar Q2 2026

BXP, Inc.

BXP's Q1 2026 results signal accelerating demand for premier Class A office space. AI-focused tenants drove roughly 80% of incremental office demand in San Francisco and lifted overall occupancy to 87.4%, up 70 basis points. The company beat consensus FFO by a wide margin and raised full-year guidance modestly to $6.90-$7.04 per share. A $1.2 billion asset-sale program is funding debt reduction and development, including the flagship 343 Madison Avenue tower and approximately 5,000 multifamily units. Management targets ~89% occupancy by year-end 2026. The stock fell 2.6% on the print but subsequently recovered with a 5.3% drift, and the current price of $70.45 sits roughly in line with the analyst consensus target of $70.09.