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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for BXP, Inc. (BXP) is 6/10.
BXP's Q1 2026 demonstrated accelerating momentum with FFO of $1.59 beating guidance by $0.02 and a $0.01 raise to the full-year midpoint to $6.97. Occupancy rose 70bp to 87.4% while the leased-to-occupied spread widened to 3.5%, signaling 1.44 million square feet of signed leases pending commencement. AI demand dominated the narrative, reaching 80% of San Francisco leasing activity and accelerating in Midtown South NYC. The 360 Park Avenue South development reached 90% leased (95% with the latest AI expansion), while 680 Folsom's spec suite strategy drove rapid lease-up. Asset sales reached $1.2 billion since Investor Day, and 290 Binney will deliver a month early.
Scored from BXP, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $859M | +3.6% | $-1.45 | -290.8% | 61.1% | 30.6% | -26.7% | $233M |
| FY2025 Q1 | $865M | +3.1% | $0.39 | -23.5% | 60.7% | 54.7% | 7.1% | $92M |
| FY2025 Q2 | $868M | +2.1% | $0.56 | +9.8% | 60.7% | 29.5% | 10.2% | $202M |
| FY2025 Q3 | $872M | +1.4% | $-0.77 | -245.3% | 60.8% | 29.1% | -14.0% | $128M |
| FY2025 Q4 | $877M | +2.2% | $1.56 | +207.6% | 60.2% | 55.9% | 28.3% | $267M |
| FY2026 Q1 | $872M | +0.8% | $0.64 | +64.1% | 59.1% | 26.1% | 11.6% | $-132M |
| FY2026 Q2 | $896M | +3.1% | $0.43 | -23.2% | 8.1% | 28.9% | 7.7% | — |