BXP, Inc. (BXP)

FairStock Score: 51/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach BXP as a real estate man first, not a ticker. It owns premier workplaces in six gateway markets, and revenue has been steady: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $895.7 million and net income was $68.6 million, or $0.43 per diluted share. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $872.1 million and net income was $101.6 million. The trend is not collapsing, but it is not robust. Fiscal Q3 2025, the quarter ended 2025-09-30, showed a net loss of $121.7 million. For FY2025, the year ended 2025-12-31, revenue was $3.5 billion with net income of $276.8 million; FY2024 net income was only $14.3 million. FairStock's Lynch category is SLOW GROWER — Shrinking, with profits down about 20.5% a year over five years and revenue up 4.7%. The moat, if any, is quality assets in supply-constrained gateway cities, but office demand and refinancing risk are real. Leverage is high: FairStock shows debt-to-equity of 2.12, an Altman Z-Score of 0.34, and ROCE of 1.68%. The critical REIT measures, FFO/AFFO, are not in my data, so I lean on the 4.43% dividend yield, FairStock's price-to-book of 1.86, and FCF yield of 13.4%. At the $59.99 close on 2026-10-13, FairStock's P/E is 32.25 and its FairStock Score is 51/100. Cheap? Not obviously. Fair? Closer. I want durable rents, lower leverage, and stable FFO before paying up.

In plain English: BXP owns and manages large office buildings in major U.S. cities like Boston, New York, and San Francisco. The business looks mixed: rents are fairly steady and it throws off a lot of cash, but profits have been weak and debt is high. At $59.99, the stock looks more fair than clearly cheap based on its numbers.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer