BXP, Inc. is a real estate investment trust (REIT) and the largest publicly traded developer, owner, and manager of premier workplaces in the United States. The company's portfolio is primarily composed of office properties, but also includes retail, residential, and hotel assets. BXP concentrates its investments and operations in six major gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C. The company's strategy includes the development of premium Central Business District (CBD) office buildings and suburban office centers. BXP also pursues growth through development in adjacent property types where it has a record of success, such as life sciences and residential properties.
The high-level strategy centers around a capital recycling program aimed at generating $1.9 billion in proceeds from asset sales between 2025 and 2027. These proceeds are being used to de-lever the balance sheet and fund a targeted $1.3 billion annual development pipeline of premier workplaces. The company is actively focusing its portfolio concentration on central business districts in core gateway markets by shedding non-core suburban assets and certain residential properties. On December 18, 2025, the company announced a reduction to its regular quarterly cash dividend, changing the payout from $0.98 per share to $0.70 per share.
**Acquisitions**
**Dispositions**
**Refinancings, new loans & other capital markets**
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