BXP Inc
BXP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <## | LOCK|^MW | LOCK|fN>Z&$z |
BXP Earnings: Office Outlook Improves as Economy Is Expected to Remain Resilient
No-moat-rated BXP posted a decent set of numbers in the third quarter as the firm reported funds from operations of $287 million or $1.81 per share down 3% compared with the $293 million or $1.86 per share in the third quarter of the previous year. The company slightly updated its 2024 full-year FFO guidance to $7.09-$7.11 per diluted share, a decrease of approximately $0.02 per share at the midpoint. We are maintaining our $91 per share fair value estimate for BXP after incorporating the third-quarter results.
