BXP (BXP) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 29, 2026 astatine 10:55 AM CDT 45 min read

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DATE

Wednesday, April 29, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Owen Thomas

• President — Douglas T. Linde

• Chief Financial Officer — Michael E. LaBelle

• Executive Vice President, New York Region — Hilary J. Spann

• Executive Vice President, Boston Region — Bryan S. Koop

• Executive Vice President, Washington, DC Region — Jake Stroman

• Executive Vice President, San Francisco Region — Rodney C. Diehl

Full Conference Call Transcript

Helen Han: Good morning, and invited to BXP, Inc.'s First Quarter 2026 Earnings Conference Call. The property merchandise and supplemental bundle were distributed past nighttime and furnished connected 8-Ks. In the supplemental package, BXP, Inc. has reconciled each non-GAAP fiscal measures to the astir straight comparable GAAP measurement successful accordance with Reg G. If you did not person a copy, these documents are disposable successful the Investors conception of our website astatine investors.bxp.com. A webcast of this telephone volition beryllium disposable for 12 months. At this time, we would similar to pass you that definite statements made during this league call, which are not historical, whitethorn represent forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act.

Although BXP, Inc. believes the expectations reflected successful immoderate forward-looking statements are based connected tenable assumptions, it tin springiness nary assurance that its expectations volition beryllium attained. Factors and risks that could origin existent results to disagree materially from those expressed oregon implied by forward-looking statements were elaborate successful yesterday's property merchandise and from clip to clip successful BXP, Inc.'s filings with the SEC. BXP, Inc. does not undertake a work to update immoderate forward-looking statements. I would similar to invited Owen Thomas, Chairman and Chief Executive Officer, Douglas Linde, President, and Michael LaBelle, Chief Financial Officer. During the Q&A information of our call, our determination absorption teams volition beryllium disposable to code immoderate questions.

We inquire that those of you participating successful the Q&A information of the telephone delight bounds yourself to 1 and lone 1 question. If you person an further query oregon follow-up, delight consciousness escaped to rejoin the queue. I would present similar to crook the telephone implicit to Owen Thomas for his ceremonial remarks.

Owen Thomas: Thank you, Helen, and bully greeting to each of you. BXP, Inc. had a palmy archetypal quarter. Our FFO per stock effect exceeded our ain estimation by $0.02. Our FFO per stock guidance for 2026 was raised by $0.01. We made continued beardown advancement connected our concern program articulated astatine past year's capitalist league by completing important leasing, closing further plus sales, and progressing our improvement pipeline. Last week, we besides released our yearly sustainability and interaction study outlining the affirmative outcomes achieved for shareholders and different important constituents from our industry-leading sustainability efforts. Our archetypal concern program precedence is to lease abstraction and amended portfolio occupancy.