BXP Q4 FFO Falls 8.5% to $1.73/Share, Misses Estimates

Boston Properties (NYSE: BXP) reported Q4 2025 FFO of $1.73 per share on January 27, 2026, an 8.5% year-over-year decline and below analyst consensus of $1.78. The office REIT attributed the decrease to higher interest expenses and softening demand in certain urban markets. Revenue for the quarter reached $828.7 million, slightly above expectations. The company provided 2026 FFO guidance of $7.02-$7.22 per share, reflecting continued pressure from elevated capital costs and variable occupancy trends across its Class A office portfolio.