BXP · 10-Q · 2026Q3 · Full report

Interest Rate Environment

BXP, Inc. · 2026-11-06 · Importance 22 · Surprise 6

BXP says interest rates remain volatile and elevated, increasing financing costs and potentially tempering the pace of earnings growth. Management is actively monitoring financing needs and focusing on mitigating the impact of higher rates. The filing also cites elevated financing costs and broader economic uncertainty as influences on real estate investment and occupier decisions.

Key facts

• At September 30, 2026, BXP’s consolidated debt was 12.19% floating-rate and 87.81% fixed-rate; weighted-average stated rates were 4.55% and 3.94%, respectively.
• BXP had $600.0 million of interest rate swaps outstanding as of September 30, 2026, with hedge accounting elected and fair value of approximately $10.0 million.
• BXP stated that higher interest rates had increased its financing costs and may temper the pace of earnings growth.