Recent Updates — BXP
BXP, Inc. has entered into an agreement to sell its Sumner Square property in Washington, DC, for a gross purchase price of $63 million. The sale will result in non-cash impairment losses of approximately $18 million for the Company and $17 million for BPLP in the second quarter of 2026, which is expected to reduce net income per diluted share/unit by approximately $0.10 for the second quarter and full year 2026 with no impact on Funds from Operations.
BXP, Inc. held its 2026 annual meeting of stockholders on May 21, 2026, resulting in the election of 11 directors and the ratification of PricewaterhouseCoopers LLP as the company's independent auditor. A non-binding advisory vote on executive compensation received 98,180,094 votes in favor and 43,066,965 votes against.
BXP, Inc. announced its financial results for the first quarter ended March 31, 2026, via a press release and supplemental operating data. This filing alerts investors to the company's most recent quarterly performance and financial condition.
BXP, Inc. filed a new automatic shelf registration statement that establishes a $1.0 billion "at the market" equity offering program, replacing its previous $600 million program. The filing also includes provisions for the resale of up to 13,252,000 shares of common stock by certain selling stockholders and the issuance of shares related to partnership unit redemptions.
BXP, Inc. announced its financial results for the fourth quarter and full year ended 2025 on January 27, 2026. This filing provides the comprehensive year-end performance data necessary for investors to evaluate the company's annual financial health and operational trajectory.
BXP, Inc. has extended CEO Owen D. Thomas's employment term through December 31, 2029, under an amended agreement that includes a $950,000 base salary and a $2,350,000 target annual bonus. Additionally, the company approved a 2025 Outperformance Plan for senior leadership, which is expected to result in approximately $32.1 million in total compensation expense over four years, with $11.6 million anticipated in 2026.