BXP's Valuation Remains Attractive for Long-Term-Oriented Investors; Maintaining Our Valuation

BXP develops, owns, and manages Class A office properties that are mainly concentrated in six markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C. It owns over 180 properties consisting of approximately 53 million rentable square feet of space. The firm has positioned itself to benefit from the burgeoning life sciences sector, as it owns approximately 5.6 million square feet of life sciences space and has significant potential for future development here.