A real estate investment trust that owns, develops, and manages high-quality office workplaces in six U.S. gateway markets—Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. Founded in 1970 in Boston by Mortimer Zuckerman and Edward Linde, who met at the development firm Cabot, Cabot & Forbes, the company was long known as Boston Properties before renaming itself BXP in 2024—adopting the stock ticker it had used for years to signal its national reach.
BXP subsidiary agrees to sell Washington, DC property for $63M, triggering ~$18M impairment
On May 27, 2026, a BPLP subsidiary agreed to sell Sumner Square (three buildings at 17th and M Street, NW, Washington, DC) for a gross purchase price of $63 million.
Show detailsHide details
The buyer paid a non-refundable cash deposit of approximately $6 million, credited against the purchase price at closing.
BXP and BPLP will recognize non-cash impairment losses of approximately $18 million and $17 million, respectively, in Q2 2026.
The impairment is expected to reduce Q2 and full-year 2026 net income per diluted share/unit by about $0.10, with no impact on Funds from Operations.
The sale is consistent with the strategic asset sales plan outlined at BXP's September 2025 Investor Day, but closing is not assured.
2.06 Material Impairments · 9.01 Financial Statements and Exhibits
BXP stockholders elect 11 directors, approve say-on-pay, and ratify PwC at 2026 annual meeting
All 11 director nominees were elected, with vote counts ranging from 125,056,127 for Matthew J. Lustig to 140,661,860 for Mary E. Kipp.
Show detailsHide details
BXP, Inc. held its 2026 annual meeting of stockholders on May 21, 2026.
The non-binding advisory vote on named executive officer compensation passed with 98,180,094 votes for and 43,066,965 against.
Stockholders ratified the Audit Committee's appointment of PricewaterhouseCoopers LLP as independent auditor for fiscal year ending December 31, 2026, with 141,184,878 votes for.
The report was filed under Item 5.07 (Submission of Matters to a Vote of Security Holders) and Item 9.01 (Financial Statements and Exhibits).
5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
BXP files new $1.0B at-the-market equity offering program and shelf registration statements
On March 6, 2026, BXP, Inc. and its operating partnership filed a new automatic shelf registration statement (Form S-3, File No. 333-294080) to replace an existing one expiring May 17, 2026.
Show detailsHide details
The company established a new $1.0 billion at-the-market equity offering program, replacing a prior $600 million program that expired May 17, 2026.
The new shelf registration also covers up to 152,905 shares issuable upon redemption of common units and resale of up to 13,252,000 shares underlying the Partnership's 2.00% Exchangeable Senior Notes due 2030.
A separate automatic shelf registration statement (File No. 333-294079) was filed for the Dividend Reinvestment and Stock Purchase Plan, replacing an expiring one.
The at-the-market program involves 13 sales agents, 9 forward sellers, and 9 forward purchasers, with sales commissions capped at 2.0% of gross proceeds.
8.01 Other Events · 9.01 Financial Statements and Exhibits
BXP extends CEO Owen Thomas's contract through 2029 and grants him 211,864 LTIP units under new Outperformance Plan
BXP entered into an amended employment agreement with CEO Owen D. Thomas extending his term to December 31, 2029, from the prior expiration of December 31, 2026.
Show detailsHide details
Thomas's base salary remains $950,000 with a target annual bonus of $2,350,000, unchanged from his prior agreement.
The new agreement adds a policy that OPP awards will not accelerate or continue vesting upon qualified retirement, a change from prior practice.
The Compensation Committee granted performance-based LTIP units under the 2025 Outperformance Plan, with Thomas receiving 211,864 units (maximum earnable).
The OPP awards require both performance-based vesting tied to adjusted stock price targets (ranging from $90 to $118) and service-based vesting over four years.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits