BXP · 10-Q · 2026Q3 · Full report

Guidance / Outlook

BXP, Inc. · 2026-11-06 · Importance 61 · Surprise 50 · In source text

Management expects total portfolio occupancy to reach approximately 90% by year-end 2026, ahead of the occupancy trajectory outlined at the September 2025 Investor Conference. About 186,000 square feet of leases expire during the remainder of 2026, while approximately 600,000 square feet of currently vacant space is leased and expected to commence in the fourth quarter. BXP expects occupancy gains to be increasingly supplemented by improving rental economics as leases expire and are renewed or replaced over coming years.

Key facts

• BXP expects total portfolio occupancy to reach approximately 90% by year-end 2026, ahead of the occupancy growth trajectory outlined at its September 2025 Investor Conference.
• As of September 30, 2026, BXP’s share of accrued straight-line rent associated with the 767 Lease was approximately $19.1 million; if Weil dissolves its partnership, BXP expects to reserve the entire balance.
• BXP disclosed that Weil’s management committee publicly recommended an orderly wind-down on October 28, 2026, with a partnership vote pending.
• BXP expects to refinance or extend the mortgage debt secured by 767 Fifth Avenue before or at its June 2027 maturity, but cannot assure favorable terms or that it can refinance or extend it.
• BXP’s ongoing tax audits have produced tax deficiency notices that have not been material to date, but future audits could materially adversely affect results of operations.
• BXP expects leasing vacant space in in-service buildings and covering near-term lease expirations to remain important drivers of same-property occupancy and revenue growth.

Impact estimates