BXP, Inc.
Close on Oct 19, 2026
- Market cap
- $9.25B
- P/E (TTM)
- 31.2
- Dividend yield
- –
About BXP
Real Estate Investment Trusts, SIC 6798
Boston Properties operates through Boston Properties Limited Partnership as a real estate investment and development company. The organization develops, acquires, owns, and manages real estate assets across distinct property categories. Its portfolio and business operations cover office buildings, apartment residential complexes, retail properties, parking facilities, and hotels, while also generating revenue through management services. The company's clients and occupants encompass commercial enterprise tenants, retail business operators, residential apartment tenants, and hotel guests.
The firm's activities encompass multiple real estate properties, commercial developments, and joint ventures, including Hub on Causeway, Reston Gateway, Colorado Center, Gateway Commons, Three Hudson Boulevard, and Safeco Plaza. Specific geographic store or building totals, international locations, and headquarters details are not stated in the provided excerpt.
Summary of the business section of BXP's latest annual report, written by StockData.
Company profile
Company
- Legal name
- BXP, Inc.
- Founded
- 1970
- Headquarters
- Boston, MA
- Address
- 800 Boylston Street, Suite 1900 02199
- Phone
- (617) 236-3300
- Website
- www.bxp.com
- Employees
- 714, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- BXP
- Exchange
- NYSE
- IPO date
- Jun 19, 1997
- Shares outstanding
- 160M, Jul 31, 2026
- Public float
- $10.66B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1037540
- CUSIP
- 101121101
- ISIN
- US1011211018
- LEI
- 549300OF70FSEUQBT254
- EIN
- 04-2473675
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Owen D. Thomas | Chief Executive Officer, Director | 11,475 |
| Douglas T. Linde | President, Director | 183,563 |
| Michael E. Labelle | EVP and CFO | 5,839 |
| Eric G. Kevorkian | SVP, CLO and Secretary | 311 |
| Peter V. Otteni | Executive Vice President | 0 |
| Hilary J. Spann | Executive Vice President | 17,832 |
| Bryan J. Koop | Executive Vice President | 9,752 |
| Raymond A. Ritchey | Senior EVP | 14,150 |
| Rodney Diehl | Executive Vice President | 11,436 |
| Michael R. Walsh | SVP & Chief Accounting Officer | 179 |
| John J. Stroman | Executive Vice President | 0 |
| Donna D. Garesche | EVP, Chief HR Officer | 0 |
| Bruce W. Duncan | Director | 19,000 |
| Mary E. Kipp | Director | 542 |
| Tony West | Director | 7,691 |
| Matthew J. Lustig | Director | 10,000 |
| Joel Klein | Director | 0 |
| William H. Walton Iii | Director | – |
| Julie Richardson | Director | – |
| Diane J. Hoskins | Director | 18,929 |
| Timothy J. Naughton | Director | 8,601 |
| Carol B. Einiger | Director | 18,000 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Owen D. Thomas. | $23.05M | $24.47M | $9.10M | $92 | $81 |
| FY2024 Owen D. Thomas. | $12.84M | $11.63M | $4.96M | $96 | $94 |
| FY2023 Owen D. Thomas. | $12.96M | $9.98M | $5.88M | $86 | $78 |
| FY2022 Owen D. Thomas. | $13.05M | $2.65M | $5.79M | $78 | $76 |
| FY2021 Owen D. Thomas. | $12.89M | $19.75M | $6.02M | $126 | $122 |
| FY2020 Owen D. Thomas. | $10.74M | -$220.72K | $4.68M | $72 | $82 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 714 non-union employees and 112 union employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 20, 2024 | Name change | Name changed from BOSTON PROPERTIES INC to BXP, Inc. |
| Apr 1, 2021 | Delisting | Notice of delisting from exchange (Form 25) |
| Jun 3, 2013 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 22, 2013 | Listing | Registration of securities on an exchange (Form 8-A) |
| Aug 14, 2008 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 12, 2008 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 18, 2007 | Listing | Registration of securities on an exchange (Form 8-A) |
| Feb 16, 2007 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 6, 2006 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 19, 1997 | IPO | Initial public offering priced (424B4 prospectus) |
| Jun 12, 1997 | Listing | Registration of securities on an exchange (Form 8-A) |