BXP, Inc.: A Well-Covered 6% Yield From A Premier Office REIT

Jul. 19, 2024 12:22 PM ETBXP, Inc. (BXP) StockARE, VNO1 Comment
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Summary

  • BXP offers a durable 6% yield with a low payout ratio and low valuation based on FFO.
  • BXP has a well-leased office real estate portfolio concentrated in key office markets with strong lease metrics.
  • Despite risks of high asset concentration and lack of dividend growth, BXP presents a strong value proposition for passive income investors.

REIT, Real Estate Investment Trust Concept. A businessman works on a laptop with icons representing Real Estate Investment Trust, various aspects of real estate investments, and financial management.

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BXP, Inc. (NYSE:BXP), which just changed its name last month from Boston Properties, covers its robust 6% dividend yield with funds from operations and has a well-leased office real estate portfolio.

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A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BXP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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