BXP reports Q4 FFO $1.79, consensus $1.79

Reports Q4 revenue $858.6M, consensus $854.0M. The company states: “For full year 2024, executed 291 leases totaling approximately 5.6 million square feet with a weighted-average lease term of 9.8 years. BXP‘s (BXP) CBD portfolio of premier workplaces was 90.9% occupied and 92.8% leased (including vacant space for which we have signed leases that have not yet commenced in accordance with GAAP) for the fourth quarter. Approximately 88.0% of BXP’s Share of annualized rental obligations is derived from clients located in our CBD portfolio, underscoring the strength of BXP’s strategy to invest in the highest quality buildings in dynamic urban gateway markets. BXP’s total portfolio occupancy for the fourth quarter was 87.5% and it was 89.4% leased.”