NYSE$BXP
Boston Properties Inc · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Boston Properties reported Q3 2025 total revenue of $871.5M with a net loss attributable to BXP of $121.7M.
Total revenue was $871.5 million while the company reported a GAAP net loss as interest expense, lease accounting, and fair-value marks weighed on earnings. Occupancy and mark-to-market rents on Class A office portfolios remain investor focal points.
- Q3 total revenue $871.5M.
- GAAP net loss reflects interest and non-cash items.
- Office demand recovery uneven across coastal markets.
- Development pipeline and balance-sheet flexibility support long-term strategy.
Headline financials
Revenue & EPS history
Boston Properties · Revenue · Quarterly
$872M
Revenue by segment
Boston Properties · $820M total across 4 segments · Q3 2023
- Lease$767M+3.8%93.6%
- Parking and Other$29.6M+12.9%3.6%
- Hotel$13.5M+14.8%1.6%
- Dev & Mgmt Services$9.28M+24.4%1.1%
Forward guidance
The release discusses Boston Properties's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.
Tailwinds
- Occupancy, rents, and financing costs remain focal for investors.
- Boston Properties cites demand and execution supporting the near-term outlook.
- Liquidity and balance-sheet capacity support operations and shareholder returns.
Headwinds
- GAAP profitability remained under pressure in Q3 2025.
- Macro, input costs, and FX may pressure margins quarter to quarter.
- Segment mix and one-time items can affect comparability versus prior periods.
- Interest rates and refinancing activity affect REIT earnings.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
-0.1%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.7%
Avg return
30 days after
50%
36 / 72 earnings
Positive
+6.4%
Q2 2018
Best reaction
-7.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | +1.6% | +4.4% | |
| Q4 2025 | -2.5% | -1.0% | +1.6% | |
| Q3 2025 | -5.0% | -4.7% | -2.3% | |
| Q1 2025 | -2.1% | -0.6% | +3.4% | |
| Q4 2024 | -5.9% | -2.0% | -3.1% | |
| Q3 2024 | -5.3% | -9.4% | -5.2% | |
| Q2 2024 | -0.1% | -6.2% | +4.3% | |
| Q1 2024 | -5.7% | -3.3% | -7.4% | |
| Q4 2023 | -7.9% | -11.8% | -10.4% | |
| Q3 2023 | +4.2% | +7.1% | +18.1% | |
| Q2 2023 | +0.6% | +2.9% | +0.2% | |
| Q1 2023 | -1.6% | +2.6% | -8.5% | |
| Q4 2022 | +3.0% | +4.6% | -9.8% | |
| Q3 2022 | +0.1% | -0.0% | -3.7% | |
| Q2 2022 | +0.9% | +2.2% | -5.7% | |
| Q1 2022 | +3.2% | +1.3% | -8.0% | |
| Q4 2021 | -0.3% | -1.5% | +4.3% | |
| Q3 2021 | -1.7% | -3.1% | +0.7% | |
| Q2 2021 | +2.3% | +1.7% | -3.0% | |
| Q1 2021 | +0.2% | +1.9% | +8.7% | |
| Q4 2020 | -1.7% | -0.0% | +12.5% | |
| Q3 2020 | -5.6% | -4.0% | +35.7% | |
| Q2 2020 | +1.0% | -0.7% | -1.4% | |
| Q1 2020 | +4.4% | -1.3% | -6.8% | |
| Q4 2019 | +1.3% | +1.6% | -9.1% | |
| Q3 2019 | +4.7% | +3.6% | +4.8% | |
| Q2 2019 | +0.5% | -1.6% | -3.2% | |
| Q1 2019 | +1.9% | -0.5% | -3.4% | |
| Q4 2018 | +4.5% | +5.1% | +6.3% | |
| Q3 2018 | +3.2% | +1.7% | +10.9% | |
| Q2 2018 | +6.4% | +5.8% | +6.7% | |
| Q1 2018 | -0.2% | +3.3% | +0.8% | |
| Q4 2017 | +2.0% | -1.6% | -2.8% | |
| Q3 2017 | +1.3% | +1.9% | +4.9% | |
| Q2 2017 | +0.8% | +2.7% | -0.3% | |
| Q1 2017 | -4.1% | -4.7% | -8.1% | |
| Q4 2016 | -0.8% | +0.3% | +4.1% | |
| Q3 2016 | -2.6% | -5.7% | -3.0% | |
| Q2 2016 | -0.3% | +2.2% | +1.0% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | +3.0% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | -2.9% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q4 2013 | +1.4% | — | — | |
| Q3 2013 | -2.2% | — | — | |
| Q2 2013 | -1.9% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | -1.7% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q3 2011 | -3.1% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q1 2011 | +2.8% | — | — | |
| Q4 2010 | +3.8% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2009 | -5.7% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q4 2009 | +1.8% | — | — | |
| Q4 2007 | +1.8% | — | — | |
| Q3 2008 | -0.4% | — | — | |
| Q3 2009 | -0.4% | — | — | |
| Q2 2008 | +3.2% | — | — | |
| Q2 2009 | +3.2% | — | — | |
| Q4 2008 | +3.2% | — | — |
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