Professional
Added to YB: 2024-07-03
Pitch date: 2024-06-24
BXP [bullish]
BXP, Inc.
+24.68%
current return
Author Info
No bio for this author
Company Info
BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.
Market Cap
$11.2B
Pitch Price
$57.27
Price Target
91.00 (+27%)
Dividend
3.96%
EV/EBITDA
15.66
P/E
-55.78
EV/Sales
8.82
Sector
Office REITs
Category
turnaround
BXP, Inc.: Most REITs in the US Are Trading at Significant Discounts to Fair Value
BXP: Class A office REIT in 6 major US markets. FVE $91. Challenges: remote work, high vacancy. Strengths: prime locations, life sciences focus (5.5M sq ft). 87.6% occupancy by 2025, 1% rent CAGR. 3.6% FFO/share CAGR next decade. Risks: hybrid work, economic slowdown. 7.3x net debt/EBITDAre. 7.8% yield on $5.5B development.
Read full article (13 min)