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BXP, Inc. BXP

BXP, Inc. scores weak on business quality (3.5 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$59.05Oct 10, 2026
Business qualityWeak
Next earningsOct 27, 2026, after the close
Insiders, 90 daysQuiet

Why it matters

  1. What BXP, Inc. does

    BXP operates prime workplace properties, leasing office space primarily in major coastal markets to corporate tenants for rent. The firm is advancing large urban developments like San Francisco's Fifty at First landmark tower to secure future tenant demand.

  2. What it does best

    BXP dominates high-barrier urban office markets, posting a gross margin of 60.1% that outperforms peers like VNO at 48.3%. This edge stems from owning irreplaceable downtown footprints that corporate tenants cannot easily replicate.

  3. The main risk

    A heavy debt load threatens stability as interest coverage sits at a weak 1.6x, leaving little margin for error if rental income dips.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin stands at 28.3% while FCF margin remains negative, showing that massive capital expenditures weigh heavily on cash generation even as scale increases.

MoatFair

Prime urban real estate locks in top-tier corporate tenants, earning an operating margin sector percentile of 52. Replicating these core downtown footprints is virtually impossible for rivals.

GrowthSlow

Revenue growth crawls at 2.2%, matching a multi-year slowing trend visible across historical annual summaries.

Financial healthWeak

Net debt climbs to $15.5B with a high debt-to-equity ratio of 3.3x, while free cash flow stays negative at -$101M, pointing to a softer financial reality.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on BXP

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is BXP a good business?

BXP, Inc. scores weak on the Cluenex quality check (3.5 of 10), measured against its own industry. Profitability is weak, moat fair, growth slow and financial health weak.

Are insiders buying BXP?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does BXP report earnings?

Oct 27, 2026, after the close.

For members

See BXP today

  • Today's verdict on BXP, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “BXP, Inc. (BXP)”, https://cluenex.com/stocks/bxp/, data as of Oct 10, 2026.