BXP at a glance
BXP, Inc. (BXP, SEC CIK 1037540) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 31, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), BXP, Inc. (BXP) reported revenue of $3.5 billion (up 2.2% from FY2024) and net income of $276.8 million. Diluted EPS was $1.74.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding BXP, Inc. (BXP) shares worth $6.9 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $3.5B
- +2.2% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 34 funds
- $6.9B · +0 vs prior quarter
- Latest 8-K
- Aug 31, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Consolidated Debt ~$15.6B (59.1% of market cap); elevated rates on $2.3B variable-rate debt with only $0.9B hedged via interest rate swaps
- Key-person dependency on CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle: reputational relationships with lenders and JV partners cited as irreplaceable
- Federal Government contractor compliance risk under OFAC (Executive Order 13224) and contractor regulations: non-compliance could void existing leases and bar future government contracts
- AI/technology disruption and remote work reducing tenant demand in West Coast tech/media and DC government contractor submarkets: direct revenue concentration risk
- FY2025 impairments: $85.8M (BXP) long-lived assets + $145.1M "other than temporary" loss in unconsolidated JV; concentrated in six markets with no geographic diversification
Management Discussion & Analysis
- Total rental revenue $3,329M, up $66M (+2.0%) YoY; same-property rental revenue $3,184M, up $54M (+1.7%)
- NOI $2,059M vs $2,041M (+0.9%); FFO attributable to BXP $1,089M vs $1,120M (-2.8%) YoY; no operating margin % disclosed
- Best region: Boston (91.9% occupied, +15.35% net rent on renewals); worst: San Francisco (77.0% occupied, -30.47% net rent on renewals)
- Operating cash flow $1,245M; capex $683M construction + $217M building improvements + $339M tenant improvements; asset sales $682M net proceeds; no buybacks executed under $600M ATM program
- Key risks: $1.0B senior notes due Oct 2026, $2.5B remaining development spend, tariff/inflation pressures on construction costs; management targets occupancy gains by year-end 2026 per Sept 2025 Investor Day plan
Business Overview
- Premier workplace office REIT owning/managing ~52.6M sq ft across 179 properties in six U.S. gateway markets (Boston, NY, LA, SF, Seattle, DC)
- September 2025 Investor Day launched multi-year strategic action plan: raise occupancy, deliver development pipeline, reduce leverage via ~$1.17B in asset sales completed by Feb 2026 (land, residential, non-strategic office dispositions)
- Commenced construction on 343 Madison Ave, NYC: 46-story, 930,000 sq ft, 29% pre-leased; delivered three properties in 2025 including 360 Park Ave South (448,000 sq ft, 59% leased)
- Portfolio occupancy declined steadily to 86.7% (vs 87.5% in 2024, 88.8% in 2021); average annualized revenue/sq ft rose to $83.47 from $81.21, with net rents on renewals falling 5.41% YoY
- Consolidated debt ~$15.6B at 59.1% of market capitalization; $2.3B variable rate exposure with only $0.9B hedged via interest rate swaps
AI summary of the BXP 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Fixed-rate debt weighted-average interest rate 3.73% at June 30, 2026
- Variable-rate debt weighted-average interest rate 4.85%, including interest-rate swaps
- Total debt estimated fair value $14.995B
- 100-basis-point rate increase would raise interest expense $5.9M for the quarter
- Derivative risks: counterparty credit, contract enforceability, and interest-rate volatility
Risk Factors
- No risk-factors section provided; supplied text covers Items 2–6
- No new regulatory, legal, operational, competitive, market, liquidity, debt, currency, or concentration risks disclosed
- 836,517 common shares issued for OP units, including 800,000 shares under Securities Act Section 4(a)(2)
- 463 shares surrendered for employee tax withholding at $62.33 per share
- No senior-security defaults or Rule 10b5-1 trading-plan changes disclosed
AI summary of the BXP 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- $700 million senior notes issued August 31, 2026 at 6.050% interest, maturing 2036
- Net proceeds approximately $692.4 million after underwriting discounts and expenses
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results announced July 28, 2026
- Supplemental operating information and press release available in Exhibits 99.1 and 99.2
Item 2.06: Material Impairments
- Sumner Square sale agreement for $63 million supports BXP’s strategic asset-sales plan
- Approximately $6 million non-refundable deposit received, credited at closing
AI summaries of BXP 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for BXP
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| DUNCAN BRUCE W | A | Sep 30, 2026 | 572.74 | $61.11 |
| Richardson Julie | A | Sep 30, 2026 | 409.1 | $61.11 |
| LUSTIG MATTHEW J | A | Sep 30, 2026 | 490.92 | $61.11 |
| KLEIN JOEL | A | Sep 30, 2026 | 552.28 | $61.11 |
| WALTON WILLIAM H III | A | Sep 30, 2026 | 388.64 | $61.11 |
| West Tony | A | Sep 30, 2026 | 388.64 | $61.11 |
| KIPP MARY E | A | Sep 30, 2026 | 450.01 | $61.11 |
| KIPP MARY E | A | Jun 30, 2026 | 402.16 | $66.31 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $3.3B | $3.4B | $3.5B |
| Gross Profit | $2.0B | $2.0B | $2.1B |
| Net Income | $190.2M | $14.3M | $276.8M |
| Gross Margin | 61.1% | 59.9% | 59.1% |
| Net Margin | 5.8% | 0.4% | 7.9% |
| Balance Sheet | |||
| Total Assets | $26.0B | $26.1B | $26.2B |
| Equity | - | $5.4B | $5.1B |
| ROE | - | 0.3% | 5.4% |
| Per Share | |||
| EPS | $1.21 | $0.09 | $1.74 |
| Cash Flow | |||
| Operating CF | $1.3B | $1.2B | $1.2B |
Source: XBRL data in BXP, Inc. (BXP)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate BXP share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $6.88B |
| Q1 2026 | 34 | $5.32B |
| Q4 2025 | 33 | $6.60B |
| Q3 2025 | 35 | $7.14B |
| Q2 2025 | 34 | $5.95B |
| Q1 2025 | 35 | $4.31B |
| Q4 2024 | 30 | $3.67B |
| Q3 2024 | 27 | $1.88B |
- COHEN & STEERS, INC.+1.94M (+9%)
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- Millennium Management+689.9K (+2170%)
- Prudential Financial+484.0K (+36%)
- JPMorgan Chase & Co−2.71M (-64%)
- Citadel Advisors LLC−2.13M (-52%)
- Goldman Sachs Group−512.3K (-26%)
- Invesco Ltd−460.3K (-7%)
- Citigroup−125.9K (-32%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 262 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
BXP filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 8-K | Aug 31, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jun 10, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - |
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BXP SEC filings: frequently asked questions
Which institutions hold BXP stock?
As of June 30, 2026, the largest BXP, Inc. (BXP) holders among the 13F filers tracked by SignalX were COHEN & STEERS, INC. ($1.5 billion), BlackRock ($1.2 billion), Vanguard Portfolio Management LLC ($859.6 million), Vanguard Capital Management LLC ($666.6 million), State Street Corp ($659.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was BXP's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), BXP, Inc. (BXP) reported revenue of $3.5 billion (up 2.2% from FY2024) and net income of $276.8 million. Diluted EPS was $1.74. The figures come from the XBRL data in the 10-K.
What are the main risks in BXP's latest 10-K?
In the 10-K filed February 27, 2026, BXP, Inc. (BXP) flagged: Consolidated Debt ~$15.6B (59.1% of market cap); elevated rates on $2.3B variable-rate debt with only $0.9B hedged via interest rate swaps. Key-person dependency on CEO Owen Thomas, President Douglas Linde, and CFO Michael LaBelle: reputational relationships with lenders and JV partners cited as irreplaceable. (AI summary of the Risk Factors section.)
What did BXP report in its latest 8-K?
BXP, Inc. (BXP) filed an 8-K on August 31, 2026 reporting Item 8.01 (Other Events). $700 million senior notes issued August 31, 2026 at 6.050% interest, maturing 2036.
What are the latest BXP SEC filings?
BXP, Inc. (BXP) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 31, 2026 and a Form 4 insider filing on October 1, 2026.
What is BXP's SEC CIK number?
BXP, Inc. (BXP)'s SEC Central Index Key (CIK) is 1037540. EDGAR lists every BXP filing under that number.
Ask anything about BXP
The research agent reads BXP's filings, financials, insider trades and 13F holders, then answers with sources.