BXP (BXP) stock
Real Estate · Office REITs
BXP (BXP) is an Office REITs company in the Real Estate sector, headquartered in Boston, Massachusetts. As of October 23, 2026, BXP closed at $62.10, a market capitalization of $11.23 billion, the 483rd largest company in the S&P 500. The stock trades at 33.4x trailing earnings and 29.8x forward earnings.
- 1-year total return: -11.8% (dividends reinvested)
- 5-year return: -7.3% a year
- 52-week range: $49.72 – $74.94
- Dividend yield: 4.51%
- FI Handbook report card: C across 3 metrics
- 28th largest of 30 Real Estate stocks in the S&P 500
BXP price chart
1Y price change: -15.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| BXP | +0.7% | -4.6% | -11.8% | +11.0% | -7.3% | -2.8% | +7.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1997.
BXP key statistics
- Market cap
- $11.2B
- #483 in S&P 500
- P/E (TTM)
- 33.4x
- Forward P/E
- 29.8x
- EPS (TTM)
- —
- Revenue (TTM)
- —
- Free cash flow
- $1.3B
- Gross margin
- —
- Operating margin
- —
- Return on equity
- —
- Dividend yield
- 4.51%
- 52-week range
- $49.72 – $74.94
- Beta
- —
- Price / sales
- —
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- —
BXP report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth——
- Gross margin——
- Operating margin——
- FCF margin——
- Return on equity——
- Net debt / EBITDA——
- Forward P/E29.8xD
- PEG ratio——
- Shareholder yield4.5%B
- Share count change / yr0.4%C
BXP financials
Revenue went from $2.6B in fiscal 2016 to $3.5B in fiscal 2025, growing 3.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6B | $2.6B | $2.7B | $3.0B | $2.8B | $2.9B | $3.1B | $3.3B | $3.4B | $3.5B |
| Gross profit | — | $1.6B | $1.6B | $1.8B | $1.7B | $1.8B | $1.9B | $2.0B | $2.0B | $2.1B |
| Operating income | $825.8M | $908.1M | — | — | — | — | — | — | — | — |
| Net income | $512.8M | $462.4M | $582.8M | $521.5M | $872.7M | $505.2M | $848.9M | $190.2M | $14.3M | $276.8M |
| EPS (diluted) | $3.26 | $2.93 | $3.70 | $3.30 | $5.54 | $3.17 | $5.40 | $1.21 | $0.09 | $1.74 |
| Dividends paid | $671.6M | $526.6M | $587.6M | $666.3M | $688.9M | $683.8M | $685.0M | $687.8M | $689.9M | $643.1M |
| Diluted shares | 154.0M | 154.4M | 154.7M | 154.9M | 155.5M | 156.4M | 157.1M | 157.2M | 157.8M | 158.9M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into BXP?
A reverse DCF asks what growth the current price requires. With an enterprise value of $11.2B and $1.3B of trailing free cash flow, BXP needs to grow free cash flow about -9.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 35.7x vs. median 38.8x (10th–90th percentile 12.6x–78.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
BXP dividend
- Dividend yield
- 4.51%
- Annual dividend
- $2.80
- Years of increases
- —
- 5-yr dividend growth
- -3.0%
- per year
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
BXP earnings
Next report: October 27, 2026. BXP has beaten EPS estimates 3 quarters in a row. Last quarter's revenue was $895.7M (+3% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $0.43 | $0.50 | +14.8% |
| Apr 28, 2026 | $0.28 | $0.55 | +97.6% |
| Jan 27, 2026 | $0.51 | $0.68 | +34.6% |
| Oct 28, 2025 | $0.39 | $-0.36 | -194.0% |
| Jul 29, 2025 | $0.42 | $0.56 | +33.6% |
| Apr 29, 2025 | $0.33 | $0.40 | +22.6% |
| Jan 28, 2025 | $0.44 | $0.71 | +59.2% |
| Oct 29, 2024 | $0.48 | $0.51 | +6.4% |
Stocks like BXP
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 ARE Alexandria Real Estate Equities | -0.72% | -41% | $7.4B | — | Compare |
 WELL Welltower | -0.03% | +37% | $171.0B | 106.4x | Compare |
 PLD Prologis | -0.17% | +4% | $122.9B | 28.1x | Compare |
 EQIX Equinix | +0.25% | +17% | $94.2B | 61.5x | Compare |
 AMT American Tower Corporation (REI | +4.08% | +3% | $88.1B | 26.0x | Compare |
 SPG Simon Property | -0.19% | +24% | $80.3B | 14.9x | Compare |
 DLR Digital Realty Trust | +0.84% | +1% | $65.1B | 83.7x | Compare |
 PSA Public Storage | +0.25% | +5% | $57.9B | 29.6x | Compare |
BXP news
- BXP Lands Equity Partner For Madison Avenue Office Project · Oct 15, 2026
- BXP Completes Initial Sale of Partial Interest in 343 Madison Avenue Development · Oct 14, 2026
- BXP’s $2B 343 Madison Avenue Tower Hits Podium Level · Oct 13, 2026
- What to Expect From BXP’s Q3 2026 Earnings Report · Oct 9, 2026
- BXP and JLL Join Fifty at First to Guide Delivery and Leasing of San Francisco's Next Landmark Tower · Oct 1, 2026
BXP stock FAQ
What is BXP's market cap?
BXP's market capitalization is $11.23 billion as of October 23, 2026, ranking 483rd in the S&P 500.
What is BXP's P/E ratio?
BXP trades at a trailing price-to-earnings ratio of 33.4x and a forward P/E of 29.8x. Its median P/E over the period we track is 38.8x.
Does BXP pay a dividend?
Yes. BXP pays $2.80 per share a year, a 4.51% yield. Dividends fell 3.0% a year over the last five years.
How much has BXP stock returned?
Including reinvested dividends, BXP returned -11.8% over one year, -7.3% a year over five years, -2.8% a year over ten years through October 23, 2026.
Is BXP stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies BXP must grow free cash flow about -9% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does BXP report earnings?
BXP is expected to report earnings on October 27, 2026. It has beaten EPS estimates 3 quarters in a row.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology