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BXP, INC.

LISTEDNYSE

SYMBOLBXP

SIC6798

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK1037540

REAL ESTATE INVESTMENT TRUSTS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	14,836	74.2
Stockholders' equity	5,147	25.8
Total capitalization	19,983	100.0

159,661,556 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 6 August 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Short-term borrowings / commercial paper	750

CAPITAL STOCK 12/31/25

Common shares authorized	250,000,000
Common shares issued	158,627,198
Treasury shares	78,900
Par or stated value per share ($)	0.01
Preferred stock ($ millions)	0
Outstanding at 7/31/26	159,661,556

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	–	–
2024	–	–
2023	–	–
2022	–	–
2021	–	–

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as BOSTON PROPERTIES INC (to 20 June 2024).

BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 800 Boylston Street, Suite 1900, Boston, MA 02199. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Total revenues	3,482	3,408	3,274
Rental revenue	3,236	3,177	3,055
Depreciation and amortization	912	887	831
Interest expense	653	645	580
Net income	277	14	190
Earned per share, diluted ($)	1.74	0.09	1.21
Dividends per share ($)	–	–	–

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Real estate, net	20,900	21,050
Cash and equivalents	1,478	1,255
Total assets	26,166	26,085
Debt	4,280	4,277
Total liabilities	18,474	18,137
Stockholders' equity	5,147	5,413

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	3,482	–	277	7.9	1.74	–	1,245	217	1,028	26,166	18,474	14,836	5,147	5.4	2.88
12/31/24	3,408	–	14	0.4	0.09	–	1,235	190	1,045	26,085	18,137	15,422	5,413	0.3	2.85
12/31/23	3,274	–	190	5.8	1.21	–	1,302	171	1,130	26,026	17,834	14,658	5,877	3.2	2.49
12/31/22	3,109	–	849	27.3	5.40	–	1,282	177	1,105	24,208	15,837	13,510	6,133	13.8	2.20
12/31/21	2,889	–	505	17.5	3.17	–	1,133	151	982	22,365	14,322	3,300	5,834	8.7	0.57
12/31/20	2,766	–	873	31.6	5.54	–	1,157	160	997	22,858	14,512	2,932	5,996	14.6	0.49
12/31/19	2,961	–	522	17.6	3.30	–	1,181	181	1,001	21,285	13,262	2,949	5,685	9.2	0.52
12/31/18	2,717	–	583	21.5	3.70	–	1,150	190	960	20,256	12,043	2,995	5,883	9.9	0.51
12/31/17	2,602	908	462	17.8	2.93	3.05	912	222	689	19,372	11,270	3,014	5,814	8.0	0.52
12/31/16	2,551	826	513	20.1	3.26	2.70	1,035	151	884	18,852	10,920	2,032	5,786	8.9	0.35

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

BXP, Inc.
CIK 1037540 · EIN 04-2473675

PRINCIPAL OFFICE:

800 Boylston Street, Suite 1900, Boston, MA 02199
Tel.: 6172363300

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

6798 · Real Estate Investment Trusts

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 27 February 2026

FORMER NAMES:

BOSTON PROPERTIES INC

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

8/31/26	8-K	period 8/31/26
8/6/26	10-Q	period 6/30/26
7/28/26	8-K	period 7/28/26
5/29/26	8-K	period 5/27/26
5/22/26	8-K	period 5/21/26
5/7/26	10-Q	period 3/31/26
4/28/26	8-K	period 4/28/26
4/10/26	DEF 14A	period 5/21/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/27/26) · 10-K FY2024 (filed 2/27/25) · 10-K FY2023 (filed 2/27/24) · 10-K FY2022 (filed 2/27/23) · 10-K FY2021 (filed 2/25/22) · 10-K FY2020 (filed 2/26/21) · 10-K FY2019 (filed 3/2/20) · 10-K FY2018 (filed 2/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.