BXP · 10-Q · 2026Q2 · Full report

Capital Expenditures Program

BXP, Inc. · 2026-08-06 · Importance 78 · Surprise 74 · In source text

Net cash used in investing activities declined to $348.9 million for the six months ended June 30, 2026, from $612.4 million in the prior-year period, primarily because of $215.1 million of proceeds from sales of investments in unconsolidated joint ventures and $143.9 million of real-estate sale proceeds. Construction in progress rose to $404.7 million from $278.7 million, funding Reston Next Retail, 290 Binney Street, 121 Broadway Street, 725 12th Street, 343 Madison Avenue and Reservoir Place. Tenant-improvement spending increased to $176.5 million from $139.7 million, while building, pre-development and other capital improvements declined to $55.8 million from $129.0 million.

Key facts

• Net cash used in investing activities for the six months ended June 30 was $(348,881) (2026) and $(612,404) (2025), a change of $263,523 (in thousands). source
• Interest capitalized for the six months ended June 30, 2026 and 2025 was approximately $29.4 million and $22.5 million, respectively. source
• Capitalized wages were approximately $8.6 million for the six months ended June 30, 2026 and $9.2 million for the six months ended June 30, 2025. source

Impact estimates