All data is for educational purposes only and should not be considered investment advice.
Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of December 31, 2025, including properties owned by joint ventures, BXP's portfolio totals 52.6 million square feet and 179 properties, including 8 properties under construction/redevelopment. BXP's properties include 157 office properties, 14 retail properties (including one retail property under construction), seven residential properties (including three residential properties under construction) and one hotel. BXP is well-known for its in-house building management expertise and responsiveness to clients' needs. BXP holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban office centers and build-to-suit projects for a diverse array of creditworthy clients. BXP actively works to promote its growth and operations in a sustainable and responsible manner. BXP, an S&P 500 company, was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde and became a public company in 1997. BXP, Inc. was incorporated in 1970 in Delaware.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.5B | $1.9B | $277M | $1.2B | 5.4% | 2.2% | 1839.5% |
| 2024 | $3.4B | $1.6B | $14M | $1.2B | 0.3% | 4.1% | -92.5% |
| 2023 | $3.3B | $1.7B | $190M | $1.3B | 3.2% | 5.3% | -77.6% |
| 2022 | $3.1B | $2.2B | $849M | $1.3B | 13.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 3,482.28 |
| Operating Revenue | 3,465.90 |
| Cost Of Revenue | 1,370.67 |
| Gross Profit | 2,111.61 |
| Operating Expense | 1,097.26 |
| Selling General And Administration | 185.17 |
| Total Expenses | 2,467.93 |
| Operating Income | 1,014.35 |
| EBITDA | 1,949.48 |
| Normalized EBITDA | 1,858.93 |
| EBIT | 1,037.13 |
| Interest Income | 35.78 |
| Interest Expense | 653.14 |
| Net Interest Income | -617.35 |
| Other Non Operating Income Expenses | - |
| Other Income Expense | -13 |
| Interest Income Non Operating | 35.78 |
| Interest Expense Non Operating | 653.14 |
| Net Non Operating Interest Income Expense | -617.35 |
| Pretax Income | 384 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 19.02 |
| Net Income Continuous Operations | 384 |
| Net Income From Continuing And Discontinued Operation | 276.80 |
| Net Income From Continuing Operation Net Minority Interest | 276.80 |
| Net Income | 276.80 |
| Net Income Common Stockholders | 276.80 |
| Net Income Including Noncontrolling Interests | 384 |
| Normalized Income | 205.26 |
| Diluted NI Availto Com Stockholders | 276.80 |
| Basic Average Shares | 158.33 |
| Diluted Average Shares | 158.87 |
| Reconciled Depreciation | 912.35 |
| Reconciled Cost Of Revenue | 1,370.40 |
| Total Unusual Items | 90.56 |
| Total Unusual Items Excluding Goodwill | 90.56 |
| Preferred Stock Dividends | - |
| Minority Interests | -107.20 |
| Special Income Charges | -91.31 |
| Other Special Charges | 0.34 |
| Write Off | 85.80 |
| Impairment Of Capital Assets | - |
| Restructuring And Mergern Acquisition | 2.68 |
| Gain On Sale Of Security | 181.87 |
| Depreciation Amortization Depletion Income Statement | 912.09 |
| Depreciation And Amortization In Income Statement | 912.09 |
| General And Administrative Expense | 185.17 |
| Other Gand A | 168.79 |
| Salaries And Wages | 16.38 |
| Gain On Sale Of Ppe | -2.49 |
| Rent Expense Supplemental | 1,370.67 |
| Otherunder Preferred Stock Dividend | 0 |
| Earnings From Equity Interest | -103.56 |
| Average Dilution Earnings | 0 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BXP, Inc.this co. | BXP | $11.1B | 39.97↑ premium | 2.15 | 5.4% | 13.82 |
| Federal Realty Investment Trust | FRT | $10.5B | 25.54 | 3.40 | 13.3% | 15.82 |
| Alexandria Real Estate Equities, Inc. | ARE | $9.3B | -6.48 | 0.60 | -9.2% | 59.56 |
| Ryman Hospitality Properties, Inc. | RHP | $7.4B | 30.35 | 9.85 | 32.5% | 14.28 |
| The Macerich Company | MAC | $6.8B |
| - |
| - |
| - |
| - |
| -34.74 |
| 2.80 |
| -8.1% |
| 26.10 |
| Terreno Realty Corporation | TRNO | $6.8B | 16.99 | 1.64 | 9.7% | 13.88 |
| Essential Properties Realty Trust, Inc. | EPRT | $6.4B | 25.43 | 1.53 | 6.0% | 17.24 |
| OUTFRONT Media Inc. | OUT | $5.5B | 37.55 | 7.77 | 20.7% | 21.08 |
| Phillips Edison & Company, Inc. | PECO | $5.4B | 48.83 | 2.38 | 4.9% | 15.86 |
| Peer Median | - | 25.48 | 2.59 | 7.9% | 16.55 | |