BXP Q3 2026: revenue up 4.6%, EPS beats, guidance raised
BXP beat on both lines and raised full-year guidance, so the quarter reads as a clean operating win. Revenue of $911.4 million rose 4.6% and FFO per share of $1.89 topped last year's $1.74. The catch is that part of the EPS beat came from gains on property sales rather than rent. Read the sections below for the split between operating improvement and one-off items.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $0.71 versus a $(0.77) loss a year ago, and FFO per share — the REIT cash-earnings yardstick — was $1.89 against $1.74. The GAAP swing is flattered by an easy comparison: last year's quarter carried impairment losses and a $148.3 million loss from unconsolidated joint ventures. This quarter's $0.71 came in about $0.20 above the $0.51 consensus, helped by real estate sale gains and better portfolio performance.
Revenue of $911.4 million was up 4.6% from $871.5 million a year earlier, and lease revenue did most of the work at $846.2 million. That is modest growth for a landlord, but it lands alongside a 100-basis-point sequential occupancy gain. G&A of $37.6 million was 4.1% of revenue, so overhead is not what moved the number.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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