BXP, Inc.
BXP, Inc. (BXP) is listed on NYSE and classified in REIT - Office, part of the Real Estate sector. It is headquartered in Boston, United States and has 826 employees. The company is worth $11.12B and trades at 31.5x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $3.48B in fiscal 2025, up 2.2% from the year before. Net income was $276.8M. The share price is 18.0% below its 52-week high of $74.96. It pays a dividend yielding 4.55%. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $128.29M. In that quarter, 2 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -45.1% over 5Y.
today you would have $677.55▼ -32.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $67.48 | $74.36 | $70.17 | $67.58 | $115.18 | $94.53 | $137.86 | $112.55 | $130.03 | $125.78 | $127.54 | $128.69 | $100.37 | $105.81 | $99.60 | $86.10 | $67.07 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 4.6% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 38.7 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 2.6% a year against a 9.3% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| EGPEastgroup Properties Inc | $202.70 | 35.6x | 3.1x | 3.45% | 8.73% | $10.9B |
| AHRAmerican Healthcare REIT, Inc. | $53.40 | 78.5x | 2.8x | 1.87% | 3.95% | $11.64B |
| AGNCAGNC Investment Corp. | $8.89 | 177.8x | 1.2x | 16.20% | 0.90% | $10.54B |
| CPTCamden Property Trust | $102.74 |
| $55.00 |
| $91.81 |
| P/E | 38.7x | 38.8x | 826.2x | 58.0x | 12.5x | 36.3x | 17.1x | 41.8x | 30.4x | 44.4x | 38.6x | 34.3x | 45.5x | 20.7x | 55.1x | 53.5x | 75.5x | 38.1x | 63.2x | 8.5x |
| P/S | 7.2x | 3.1x | 3.5x | 3.4x | 3.4x | 6.2x | 5.3x | 7.2x | 6.4x | 7.7x | 7.6x | 7.9x | 8.2x | 7.2x | 8.7x | 8.6x | 7.9x | 6.1x | 4.5x | 7.5x |
| P/B | 2.8x | 2.1x | 2.2x | 1.9x | 1.7x | 3.1x | 2.5x | 3.8x | 3.0x | 3.5x | 3.3x | 3.4x | 3.5x | 2.7x | 3.1x | 3.0x | 2.8x | 2.1x | 1.8x | 2.5x |
| EPS | $1.74 | $0.09 | $1.21 | $5.40 | $3.17 | $5.54 | $3.30 | $3.70 | $2.93 | $3.26 | $3.72 | $2.83 | $4.86 | $1.92 | $1.86 | $1.14 | $1.76 | $0.87 | $10.80 |
| Dividend yield | 3.40% | 4.98% | 5.27% | 5.59% | 5.80% | 3.40% | 4.15% | 2.78% | 3.11% | 2.35% | 2.15% | 3.02% | 5.52% | 4.83% | 2.17% | 2.06% | 2.32% | 3.25% | 4.95% | 9.48% |
| Payout | 116.06% | 193.10% | 4355.56% | 323.97% | 72.59% | 123.66% | 70.76% | 116.06% | 94.59% | 104.10% | 82.82% | 103.49% | 250.88% | 99.79% | 119.79% | 110.22% | 175.44% | 123.86% | 312.64% | 80.56% |
| Profit margin | 17.62% | 7.95% | 0.42% | 5.81% | 27.31% | 17.49% | 31.56% | 17.62% | 21.45% | 17.77% | 20.10% | 23.41% | 18.51% | 35.11% | 15.68% | 15.83% | 10.31% | 15.22% | 7.16% | 88.38% |
| ROE | 7.95% | 5.38% | 0.26% | 3.24% | 13.84% | 8.66% | 14.55% | 9.17% | 9.91% | 7.95% | 8.86% | 10.21% | 7.79% | 13.06% | 5.68% | 5.60% | 3.64% | 5.20% | 2.85% | 29.89% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+7.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 33.0x |
| 2.8x |
| 4.13% |
| 7.88% |
| $11.89B |
| GLPIGaming & Leisure Properties, Inc. | $40.02 | 11.7x | 2.3x | 8.20% | 19.36% | $11.99B |
| ELSEquity Lifestyle Properties Inc | $61.17 | 30.3x | 6.8x | 3.55% | 22.34% | $12.27B |