BXP · 10-Q · 2026Q2 · Full report

Property Impairment Loss

BXP, Inc. · 2026-08-06 · Importance 28 · Surprise 42

BXP entered into an agreement on May 27, 2026 to sell the Sumner Square leasehold interest and improvements to a third party. After the assets met held-for-sale criteria on May 29, 2026, BXP recorded an $18.0 million non-cash impairment loss in the six months ended June 30, 2026. BPLP recorded a corresponding $16.8 million impairment loss. The impairment reflected the write-down to the lower of carrying value or estimated fair value less costs to sell.

Key facts

• BXP and BPLP recognized a non-cash impairment loss of approximately $18.0 million and $16.8 million, respectively, during the six months ended June 30, 2026 related to Sumner Square following classification as held for sale. source
• Impairment loss recorded for the six months ended June 30, 2026 was $18,036 thousand (BXP) and $16,752 thousand (BPLP). source
• Impairment loss for the three months ended June 30, 2026: BXP recognized $18.036 million and BPLP recognized $16.752 million. source