Professional
Added to YB: 2024-07-03
Pitch date: 2024-06-24
BXP [bullish]
BXP, Inc.
+9.75%
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, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.
Market Cap
$9.8B
Pitch Price
$56.69
Price Target
91.00 (+46%)
Dividend
4.55%
EV/EBITDA
15.40
P/E
35.37
EV/Sales
8.38
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.
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