Boston Properties Inc
Research Boston Properties Inc (BXP) on Bullrun: valuation model: 18.9% overvalued, market cap USD 11.51B, P/E 38.8, dividend yield 4.0%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBXP
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Office
- CurrencyUSD
- Valuation signal18.9% overvalued
- Market capUSD 11.51B
- P/E38.8
- Dividend yield4.0%
- Financial periodQ2 2026
- RevenueUSD 895.70M
- Net incomeUSD 68.56M
- Free cash flowUSD 446.06M
- Gross margin61.4%
Valuation Snapshot
Bullrun's latest valuation model marks Boston Properties Inc as 18.9% overvalued; latest market cap is USD 11.51B; P/E is 38.8; dividend yield is 4.0%.
Peer valuation comparison
Latest P/E is 38.76x versus a Real Estate sector median of 14.84x (161.2% above).
Latest dividend yield is 4% versus a Real Estate sector median of 4.71% (15.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 3.48B | USD 276.80M | USD 1.25B | 59.1% | 1.74 | USD 1.48B | USD 17.36B | USD 5.15B |
| FY2024 | USD 3.41B | USD 14.30M | USD 1.23B | 59.9% | 0.09 | USD 1.25B | USD 16.98B | USD 5.41B |
| FY2023 | USD 3.27B | USD 190.20M | n/a | 61.1% | 1.21 | USD 1.53B | USD 16.62B | USD 5.88B |
| FY2022 | USD 3.11B | USD 848.90M | n/a | 62.1% | 5.4 | USD 690.33M | USD 14.69B | USD 6.13B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 11.51B | 38.8 | 3.9% | 2.8 |
| 2025 | 2025-12-31 | USD 10.70B | 38.8 | 5.0% | 3.36 |
| 2024 | 2024-12-31 | USD 11.76B | 826.2 | 5.3% | 3.92 |
| 2023 | 2023-12-29 | USD 11.01B | 57.5 | 5.6% | 3.92 |
| 2022 | 2022-12-30 | USD 10.59B | 11.7 | 5.8% | 3.92 |
| 2021 | 2021-12-31 | USD 18.03B | 36.3 | 3.4% | 3.92 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 2.8 USD, yield 4.0%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.36 USD |
| FY2024 | 3.92 USD |
| FY2023 | 3.92 USD |
| FY2022 | 3.92 USD |
About Boston Properties Inc
BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. It is concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT).
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Frequently asked questions
Is Boston Properties Inc overvalued or undervalued?
Bullrun's valuation model currently marks Boston Properties Inc as 18.9% overvalued.
What is Boston Properties Inc's market cap?
Boston Properties Inc's market capitalization is USD 11.51B.
What is Boston Properties Inc's P/E ratio?
Boston Properties Inc's price-to-earnings (P/E) ratio is 38.8.
Does Boston Properties Inc pay a dividend?
Boston Properties Inc has a dividend yield of 4.0%.
What does Boston Properties Inc do?
BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. It is concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT).