BXP, Inc. (NYSE: BXP) has released its supplemental operating and financial data for the quarter ended June 30, 2024. As the largest publicly traded developer, owner, and manager of premier workplaces in the United States, BXP's portfolio now totals 53.5 million square feet and 186 properties, including 10 properties under construction/redevelopment.
In terms of specific metrics, the company's net income attributable to common shareholders for the quarter was $121.9 million, up from $101.4 million in the previous period. Additionally, BXP reported funds from operations (FFO) of $1.98 per share, compared to $1.83 per share in the prior period.
Furthermore, BXP's consolidated property portfolio was 91.2% leased as of June 30, 2024, compared to 91.1% leased in the prior period. The company's same property cash net operating income (NOI) grew by 2.4% compared to the same period last year.
On July 1, 2024, BXP underwent a corporate name change from Boston Properties, Inc. to BXP, Inc., reflecting its growth to six regions and a national, not singular city, focus. This change signifies the company's aspirations to be the real estate industry partner of choice and premier workplace leader in all the cities in which it operates.
The market has reacted to these announcements by moving the company's shares 1.8% to a price of $72.63. Check out the company's full 8-K submission here.
