BXP Raises Full-Year FFO Guidance Following Strong Third Quarter Performance
Boston Properties (BXP) has raised its full-year funds from operations (FFO) guidance following a strong third quarter in 2026. The company reported that occupancy reached 89.4%, surpassing its year-end target ahead of schedule due to high demand for premier central business district office spaces. Management is actively executing a strategy to reduce debt by selling noncore assets, having raised over $520 million in net sale proceeds so far this year. With new office construction at record lows, BXP expects to gain pricing power and increase net operating income as older leases expire and rents rise in core markets.
Tickers: $BXP
Topics: Asset Sales Debt Reduction FFO Guidance Occupancy Rates