BXP, Inc.BXP
What BXP, Inc. does.
BXP, a Delaware corporation, is a fully integrated, self-administered and self-managed REIT, and it is one of the largest publicly-traded office REITs (based on total market capitalization as of December 31, 2025) in the United States that develops, owns and manages primarily premier workplaces. BXP was formed in 1997 to succeed the real estate development, redevelopment, acquisition, management, operating and leasing businesses associated with the predecessor company founded by Mortimer B. Zuckerman and Edward H. Linde in 1970.
Our properties are concentrated in six dynamic gateway markets—Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC. At December 31, 2025, we owned or had joint venture interests in a portfolio of 179 commercial real estate properties, aggregating approximately 52.6 million net rentable square feet of primarily premier workplaces, including eight properties under construction/redevelopment totaling approximately 3.5 million net rentable square feet. As of December 31, 2025, our properties consisted of:
We consider premier workplaces to be well-located buildings that are modern structures or have been modernized to compete with newer buildings, are professionally managed and maintained, and offer a number and type of amenities that are in high demand by clients that are focused on the importance of the physical work environment in recruiting and retaining the best and brightest employees. As such, these properties attract creditworthy clients and command upper-tier rental rates in their markets. We do not consider the expression “premier workplaces” a classification of our properties in accordance with any standard listing criteria in the real estate industry. We therefore caution investors that our use and definition of “premier workplaces” may be different than the use and definition of similar expressions and traditional classifications that may be used by other companies.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | $3.1B | $3.3B | $3.4B | $3.5B |
| Net income | $872.7M | $505.2M | $848.9M | $190.2M | $14.3M | $276.8M |
| Free cash flow | $996.7M | $982.2M | $1.1B | $1.1B | $1.0B | $1.0B |
More on BXP.
- BXP, Inc. summary
- BXP, Inc. financial statements
- BXP, Inc. key metrics
- BXP, Inc. health scores and style box
- BXP, Inc. earnings
- BXP, Inc. dividends
- BXP, Inc. valuation
- BXP, Inc. ownership and insiders
- BXP, Inc. peers
Figures from BXP, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.