Professional
Added to YB: 2026-09-23
Pitch date: 2026-06-30
BXP [bullish]
BXP, Inc.
-5.59%
current return
Author Info
No bio for this author
Company Info
BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States.
Market Cap
$10.1B
Pitch Price
$66.05
Price Target
N/A
Dividend
4.43%
EV/EBITDA
17.48
P/E
33.95
EV/Sales
8.94
Sector
Office REITs
Category
value
Baron Real Estate Income Fund New Portfolio Holding: BXP, Inc.
BXP: Premier coastal-office portfolio combines high barriers to entry, a strong balance sheet and proven management with improving leasing, flight-to-quality demand and limited new supply. At $68, the shares imply a 7.3% cap rate and less than $600 per square foot versus 5%-6% private-market cap rates and replacement cost above $1,000; occupancy and rent gains could accelerate growth in 2027, though refinancing and slower West Coast recovery remain headwinds.
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