Scotiabank Upgrades BXP (BXP) to Outperform

On June 18, 2026, Scotiabank upgraded BXP, Inc. (BXP) to Outperform from Sector Perform with a terms people of $70, up from $65. Scotiabank said leasing has been beardown since the company's capitalist time past September, which should assistance amended FFO per stock growth. The steadfast besides viewed BXP's comparative valuation arsenic charismatic wrong the bureau REIT group.

On June 16, BXP announced that McDermott Will & Schulte signed a lease for astir 150,000 quadrate feet astatine 343 Madison Avenue successful New York City. The steadfast volition inhabit floors 31 done 37 of the 930,000 quadrate ft premier workplace, which is presently nether construction.

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Last month, Truist expert Michael Lewis lowered the firm's terms people connected BXP to $64 from $70 and kept a Hold rating. Lewis reduced Truist's 2026 FFO estimation to bespeak higher assumed involvement rates and superior expenditures. Truist besides said BXP faces dilutive refinancing enactment and whitethorn find it challenging to some de-lever and turn successful the existent environment.

BXP, Inc. (BXP) owns and manages premier workplaces successful Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.

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