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The company said BXP, Inc. reported a net loss attributable to BXP, Inc. of $(230,019) thousand, or $(1.45) per diluted share, for Q4 2024. The loss includes impairment charges of about $341.3 million related to its investments in 3 unconsolidated joint ventures.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said BXP, Inc. reported a net loss attributable to BXP, Inc. of $(230,019) thousand, or $(1.45) per diluted share, for Q4 2024. The loss includes impairment charges of about $341.3 million related to its investments in 3 unconsolidated joint ventures.

  2. The company said FFO attributable to BXP, Inc. was $283,989 thousand, or $1.79 per diluted share, for Q4 2024. FFO attributable to BXP, Inc. was $286,858 thousand, or $1.81 per share, for the quarter ended September 30, 2024.

  3. The company said it guided to full-year 2025 diluted FFO of $6.77 to $6.95 per share and diluted EPS of $1.57 to $1.75, assuming an average in-service portfolio occupancy of 86.50% to 88.00% for the year. In-service occupancy was 87.5% as of December 31, 2024.

  4. The company reported consolidated debt of $16,220,499 thousand as of December 31, 2024, and consolidated debt to consolidated market capitalization of 55.31%. It also reported BXP's Share of Net Debt to BXP's Share of EBITDAre (annualized) of 7.65 on the same date.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

BXP Net Loss in Q4 2024 and JV Impairment Charges

The company said BXP, Inc. reported a net loss attributable to BXP, Inc. of $(230,019) thousand, or $(1.45) per diluted share, for Q4 2024. The loss includes impairment charges of about $341.3 million related to its investments in 3 unconsolidated joint ventures.

Source · Based on the filing body and exhibits

BXP FFO for Q4 Compared With Prior Quarter

The company said FFO attributable to BXP, Inc. was $283,989 thousand, or $1.79 per diluted share, for Q4 2024. FFO attributable to BXP, Inc. was $286,858 thousand, or $1.81 per share, for the quarter ended September 30, 2024.

Source · Based on the filing body and exhibits

2025 Outlook and 2024 Year-End Occupancy

The company said it guided to full-year 2025 diluted FFO of $6.77 to $6.95 per share and diluted EPS of $1.57 to $1.75, assuming an average in-service portfolio occupancy of 86.50% to 88.00% for the year. In-service occupancy was 87.5% as of December 31, 2024.

Source · Based on the filing body and exhibits

Year-End 2024 Debt-to-Market Capitalization Ratio

The company reported consolidated debt of $16,220,499 thousand as of December 31, 2024, and consolidated debt to consolidated market capitalization of 55.31%. It also reported BXP's Share of Net Debt to BXP's Share of EBITDAre (annualized) of 7.65 on the same date.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.