Boston-based BXP, Inc. is set to announce its fiscal fourth-quarter earnings for 2025, with analysts predicting a modest increase in funds from operations (FFO) to $1.80 per share on a diluted basis. This is a slight rise from $1.79 per share reported in the same quarter a year prior. BXP, which stands as the largest publicly traded developer, owner, and manager of premier workplaces, has a market capitalization of $11 billion. The real estate investment trust (REIT) manages an expansive portfolio of properties totaling 53.5 million square feet across 186 properties.
Looking back at recent performance, BXP has met or exceeded consensus estimates in three of the last four quarters, while falling short in one instance. For the complete fiscal year, analysts forecast an FFO of $6.90 per share, reflecting a decrease of 2.8% compared to $7.10 in fiscal 2024. Despite these challenges, there is an expectation for growth in the upcoming fiscal year, with a projected FFO of $7.07 per share in fiscal 2026, representing a year-over-year increase of 2.5%.
Recent Stock Performance and Analyst Outlook
BXP’s stock has underperformed relative to broader market indices. Over the past year, shares have declined by 9.1%, while the S&P 500 Index has gained 14.8%. Comparatively, the Real Estate Select Sector SPDR Fund has also seen minimal losses during the same period. Following the release of its Q3 results on October 28, 2025, BXP’s shares closed down more than 5% in the subsequent trading session. The company reported an FFO of $1.74 per share, surpassing Wall Street’s expectations of $1.72. Revenue for the quarter reached $871.5 million, reflecting a 1.4% year-over-year increase.
For the full year, BXP anticipates an FFO ranging from $6.89 to $6.92 per share. Analyst sentiment towards BXP stock is cautiously optimistic, with a consensus rating classified as a “Moderate Buy.” Among the 23 analysts covering the stock, 10 recommend a “Strong Buy,” while 13 suggest a “Hold.” The average price target stands at $78.85, indicating a potential upside of 13.9% from current trading levels.
As investors await the upcoming earnings announcement, the focus will be on BXP’s ability to navigate a challenging market landscape and deliver results that align with analyst expectations.
