BXP, Inc. (BXP) Earnings Call Transcripts
BXP, Inc.'s Latest Earnings Call - Q2 FY2026
In Q2 2026, BXP, Inc. reported strong financial results, with FFO per share of $1.78, exceeding guidance and consensus estimates by $0.08. Revenue growth was driven by robust leasing activity, leading to an increase in occupancy to 88.4%, up 100 basis points from the previous quarter. The company raised its FFO guidance for the fiscal year 2026 by $0.05, now expecting a range of $6.99 to $7.05 per share, reflecting confidence in continued leasing momentum and improved operational efficiency.
Reported metrics
| Metric | Value |
|---|---|
| FFO per Share | $1.78 (beat) |
| Occupancy Rate | 88.4% (positive) |
| Total Leasing Volume | 1.8 million sq ft (positive) |
| Revenue | null (beat) |
| 2026 FFO Guidance | $6.99 - $7.05 (positive) |
| Net Sale Proceeds Year-to-Date | $370 million (positive) |
Guidance from management
BXP raised its FFO guidance for 2026 by $0.05, now expecting a range of $6.99 to $7.05 per share, driven by strong leasing performance and improved operational efficiencies.
What management said
Yes. So the 10% that I mentioned includes an inferred value for the building that was taken out of service. So the cash yield on the incremental capital would be materially higher. So -- and then on what is our target yield, it depends a little bit on the market and the pre-leasing and the risk and all those things, as you would expect. But in general, we're getting 8-plus percent yields on our developments. I ment...
Yes. So I'm going to let Rod answer that question because he has a couple of pretty interesting opportunities, one of which is physically ours and others that we're working on that he can talk about.
What analysts pressed on
Analysts expressed concerns about the sustainability of AI-driven demand and potential dilution from accelerated asset sales. There were questions regarding the impact of rising interest rates on future financing and asset valuations.
Main topics on the call
- Leasing Activity and Occupancy Growth — BXP completed nearly 1.8 million square feet of leasing in Q2, 29% above its 10-year historical average. Occupancy increased to 88.4%, exceeding the company's expectations and signaling strong demand in premier workplace...
- FFO Guidance Increase — Management raised the midpoint of FFO guidance for 2026 by $0.05, now expecting $6.99 to $7.05 per share. This adjustment reflects strong leasing performance and operational efficiencies, with nearly all outperformance a...
- AI Demand Impact — Management highlighted that AI is driving demand for office space, with clients expanding their space requirements. The premier workplace segment is outperforming the broader market, with direct vacancy rates at 8% compa...
- Asset Sales Progress — BXP is ahead of schedule in its asset sales program, having raised $370 million in net proceeds year-to-date. The company anticipates total net proceeds from asset sales could reach $1.7 billion by year-end, supporting i...
Read the full BXP, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About BXP, Inc.
BXP, Inc. (BXP) is a publicly listed company in the Office REITs industry, within the Real Estate sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 55 calls on record spanning January 29, 2020 to July 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 55 BXP, Inc. earnings call transcripts on record, spanning January 29, 2020 to July 29, 2026. Based on this history, BXP, Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BXP
- Exchange
- NYSE
- Country
- US
- Sector
- Real Estate
- Industry
- Office REITs
- Calls on record
- 55
- First call
- January 29, 2020
- Most recent
- July 29, 2026
- Reporting cadence
- quarterly