Boston Properties: A Significantly Mispriced Office REIT

Aug. 24, 2022 12:31 PM ETBXP, Inc. (BXP) StockBXP32 Comments
Justin Purohit
2.3K Followers

Summary

  • Boston Properties is one of the largest office-focused REITs with an interest in about 200 Class A properties in six top U.S. markets.
  • Despite the uncertain outlook for office space, they are posting record leasing volumes at extended lease terms with favorable spreads.
  • Full-year guidance was even revised upwards to reflect the strong environment for quality office space.
  • With shares down over 30% YTD, valuations have compressed to levels worse than what they have been over the past three years, providing a material upside opportunity for long-term investors.

Boston, Massachusetts, USA skyline over Boston Common

Sean Pavone

Boston Properties, Inc. (NYSE:BXP) is a real estate investment trust ("REIT") and S&P 500 component that is one of the largest publicly traded office REITs with an interest in about 200 primarily Class A properties concentrated in six markets: Boston; Los

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