BXP BXP (BXP) Q2 FY26 earnings call
BXP delivered a strong second quarter, exceeding FFO guidance and significantly improving portfolio occupancy, driven by robust leasing activity across its premier workplaces. The company is benefiting from AI-powered demand, leading to expansion and upgrades in space requirements, particularly in gateway markets. Strategic asset dispositions are ahead of schedule, funding new developments and debt reduction, while the development pipeline continues to create long-term external growth.
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BXP operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.