boston properties, inc. (the "company"), a self-administered and self-managed real estate investment trust (reit), is one of the largest owners, managers, and developers of first-class office properties in the united states, with a significant presence in four markets: boston, new york, san francisco, and washington, dc. the company was founded in 1970 by mortimer b. zuckerman and edward h. linde in boston, where it maintains its headquarters. boston properties became a public company in june 1997. the company acquires, develops, and manages its properties through full-service regional offices. its property portfolio is comprised primarily of first-class office space, one hotel, two residential properties and five retail properties. boston properties is well-known for its in-house building management expertise and responsiveness to tenants' needs. the company holds a superior track record in developing premium central business district (cbd) office buildings, suburban office centers
Company profile
Ticker
BXP
Exchange
Website
CEO
Owen Thomas
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
42473675
BXP stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
27 Feb 24
8-K
Results of Operations and Financial Condition
30 Jan 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Results of Operations and Financial Condition
1 Nov 23
8-K
Entry into a Material Definitive Agreement
2 Oct 23
10-Q
2023 Q2
Quarterly report
7 Aug 23
8-K
Results of Operations and Financial Condition
1 Aug 23
8-K
Entry into a Material Definitive Agreement
6 Jun 23
8-K
Submission of Matters to a Vote of Security Holders
23 May 23
8-K
Other Events
17 May 23
Transcripts
BXP
Earnings call transcript
2023 Q4
31 Jan 24
BXP
Earnings call transcript
2023 Q3
2 Nov 23
BXP
Earnings call transcript
2023 Q2
2 Aug 23
BXP
Earnings call transcript
2023 Q1
26 Apr 23
BXP
Earnings call transcript
2022 Q4
1 Feb 23
BXP
Earnings call transcript
2021 Q4
26 Jan 22
BXP
Earnings call transcript
2021 Q2
28 Jul 21
BXP
Earnings call transcript
2021 Q1
28 Apr 21
BXP
Earnings call transcript
2020 Q4
28 Jan 21
BXP
Earnings call transcript
2020 Q2
30 Jul 20
Latest ownership filings
4
RAYMOND A RITCHEY
7 Mar 24
144
Notice of proposed sale of securities
7 Mar 24
144
Notice of proposed sale of securities
6 Mar 24
4
RAYMOND A RITCHEY
6 Mar 24
4
Eric G Kevorkian
1 Mar 24
4
OWEN D THOMAS
14 Feb 24
4
Donna D Garesche
14 Feb 24
4
RAYMOND A RITCHEY
14 Feb 24
4
DOUGLAS T LINDE
14 Feb 24
4
ROBERT E PESTER
14 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 930.39 mm | 930.39 mm | 930.39 mm | 930.39 mm | 930.39 mm | 930.39 mm |
Cash burn (monthly) | 232.70 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.39 bn | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -462.76 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
93.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 491 |
Opened positions | 70 |
Closed positions | 46 |
Increased positions | 167 |
Reduced positions | 174 |
13F shares | Current |
---|---|
Total value | 8.73 tn |
Total shares | 147.05 mm |
Total puts | 1.85 mm |
Total calls | 1.13 mm |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 23.38 mm | $1.39 tn |
BLK Blackrock | 17.70 mm | $1.05 tn |
STT State Street | 11.72 mm | $708.24 bn |
APG Asset Management US | 7.44 mm | $442.75 bn |
Capital Research Global Investors | 6.56 mm | $390.19 bn |
JPM JPMorgan Chase & Co. | 6.32 mm | $375.69 bn |
Allspring Global Investments | 4.38 mm | $260.33 bn |
First Eagle Investment Management | 3.75 mm | $222.75 bn |
Geode Capital Management | 3.57 mm | $212.07 bn |
Senvest Management | 3.04 mm | $180.57 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Mar 24 | Raymond A Ritchey | Common Stock, par value $0.01 | Sell | Dispose S | No | No | 63.2741 | 4,059 | 256.83 k | 0 |
6 Mar 24 | Raymond A Ritchey | Common Stock, par value $0.01 | Sell | Dispose S | No | No | 62.6617 | 10,091 | 632.32 k | 4,059 |
6 Mar 24 | Raymond A Ritchey | Common Stock, par value $0.01 | Conversion | Acquire C | Yes | No | 0 | 14,150 | 0.00 | 14,150 |
6 Mar 24 | Raymond A Ritchey | Common OP Units Common Stock, par value $0.01 | Conversion | Dispose C | Yes | No | 0 | 14,150 | 0.00 | 17,115 |
4 Mar 24 | Raymond A Ritchey | Common Stock, par value $0.01 | Conversion | Acquire C | No | No | 0 | 14,150 | 0.00 | 14,150 |
4 Mar 24 | Raymond A Ritchey | Common OP Units Common Stock, par value $0.01 | Conversion | Dispose C | No | No | 0 | 14,150 | 0.00 | 88,805 |
4 Mar 24 | Raymond A Ritchey | Common OP Units Common Stock, par value $0.01 | Conversion | Acquire C | No | No | 0 | 14,150 | 0.00 | 102,955 |
4 Mar 24 | Raymond A Ritchey | LTIP Units Common Stock, par value $0.01 | Conversion | Dispose C | No | No | 0.25 | 14,150 | 3.54 k | 156,813 |
29 Feb 24 | Eric G Kevorkian | Common Stock, par value $0.01 | Gift | Dispose G | No | No | 0 | 100 | 0.00 | 806 |
12 Feb 24 | Douglas T Linde | LTIP Units Common Stock, par value $.01 | Grant | Acquire A | No | No | 0.25 | 26,842 | 6.71 k | 567,142 |
News
In-Depth Examination Of 7 Analyst Recommendations For Boston Props
27 Mar 24
Barclays Maintains Equal-Weight on Boston Props, Lowers Price Target to $66
27 Mar 24
BXP Completed Sale of 45% Interest in Cambridge Life Sciences Development to Norges Bank Investment Management
25 Mar 24
Looking Into Boston Props's Recent Short Interest
21 Mar 24
In-Depth Examination Of 7 Analyst Recommendations For Boston Props
5 Mar 24
Press releases
BXP Completes Sale of 45% Interest in Kendall Square Life Sciences Property
25 Mar 24
BXP Declares Regular Quarterly Dividend
18 Mar 24
BXP to Present at the 2024 Citi Global Property CEO Conference
27 Feb 24
BXP to Present at the 2024 BofA Securities Financial Services Conference
13 Feb 24
BXP Announces Fourth Quarter and Full Year 2023 Results
30 Jan 24