BXP stock reports higher FFO as occupancy reaches 88.4 percent

Published on 10/03/2026 at 21:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BXP stock posted USD 895.7 million in Q2 revenue on July 28, 2026, while FFO reached USD 1.78 per share. Occupancy rose to 88.4 percent.

BXP, US1011211018, Illustration mit AI erstellt.

BXP stock (ISIN US1011211018) was last at USD 60.45 on the NYSE on October 2, 2026 at 4:00 p.m. ET, up USD 0.21 or 0.35 percent from the prior close. The central operating signal remains occupancy: BXP reached 88.4 percent in the second quarter, while adjusted funds from operations rose to USD 1.78 per share.

Occupancy supports Q2 earnings

According to Zacks on September 4, 2026, BXP reported second-quarter 2026 FFO of USD 1.78 per share, compared with a consensus estimate of USD 1.71. The USD 0.07 beat came alongside total revenue of USD 895.7 million, up 3.1 percent from the prior-year quarter.

The same report said portfolio occupancy increased 100 basis points sequentially to 88.4 percent. Lease revenue rose 3.2 percent year over year to USD 831.68 million, exceeding the USD 812.49 million consensus estimate, giving the result a stronger operating profile than the GAAP earnings line alone suggests.

Guidance and analyst targets diverge

BXP raised its full-year 2026 FFO guidance to USD 6.99-7.05 per share and projected third-quarter FFO of USD 1.80-1.82 per share, according to Zacks. The full-year range is the more important checkpoint because it incorporates occupancy, leasing and development execution across the remaining quarters.

Scotiabank lowered its BXP price target to USD 73 from USD 76 on September 17, 2026, while retaining a Sector Outperform rating, as reported by MarketScreener. Against the October 2 price of USD 60.45, the revised target is USD 12.55 higher, or 20.8 percent above the price.

October reporting date is set

BXP will release third-quarter 2026 financial results on October 27, 2026, after the market close, according to the company's investor overview updated September 29, 2026. The company also declared a USD 0.70 quarterly dividend payable October 30, 2026, according to BXP.

For investors, the next report will test whether the 88.4 percent occupancy rate and higher FFO guidance are translating into durable leasing gains. BXP's share price remained 20.4 percent below its 52-week high of USD 75.94 on October 2, 2026, while its market capitalization stood at USD 9.6 billion.