BXP BXP (BXP) Q1 FY26 earnings call
BXP delivered a strong first quarter, surpassing FFO estimates and making significant strides in leasing, with in-service occupancy rising to 87.4%. The company continues to execute its business plan by monetizing non-core assets and progressing its development pipeline, notably 343 Madison Avenue. Despite increased interest expense, BXP raised its full-year FFO guidance, driven by robust leasing and occupancy recovery, reinforcing confidence in its premier workplace strategy.
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BXP operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Occupancy rate | 87.4%Our in-service portfolio occupancy rose 70 basis points to 87.4%, and the spread between our leased and occupied square footage widened 80 basis points to 3.5%, a precursor to more occupancy gains ahead.Source: earnings call transcript | 88.4%We ended 2025 at 86.7% occupied, we finished the second -- the first quarter at 87.4%, and as of 6/30, 26 were 88.4% occupied.Source: earnings call transcript | +1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.