BXP Posts Q3 Profit, Raises Full-Year 2026 Guidance on Property Sale Gains

BXP, Inc. (BXP) swung to a third-quarter profit and raised its full-year 2026 earnings and funds from operations guidance, citing real estate sale gains and stronger-than-expected portfolio performance. Net income attributable to BXP was $114.5 million, or $0.71 per share, compared with a net loss of $121.7 million, or $0.77 per share, a year earlier. Revenue rose 4.6% to $911.4 million from $871.5 million. Results included a $1.1 million contribution from unconsolidated joint ventures, versus a $148.3 million loss in the prior-year quarter that reflected significant impairment charges. Gains on real estate sales increased to $10.4 million from $1.9 million. FFO attributable to BXP rose to $302.2 million, or $1.89 per share, from $276.7 million, or $1.74 per share. The company now expects full-year 2026 earnings of $2.35 to $2.37 per share and FFO of $7.06 to $7.08 per share, up from prior guidance of $2.14 to $2.24 and $6.99 to $7.05, respectively.