BXP reports higher Q2 FFO, raises full-year FFO guidance

BXP reported second-quarter 2026 revenue of $895.7 million, net income of $68.6 million, or $0.43 per diluted share, and FFO of $283.4 million, or $1.78 per diluted share, for the quarter ended June 30, 2026. Portfolio occupancy rose 100 basis points to 88.4%, while BXP executed approximately 1.8 million square feet of leases; full-year 2026 FFO guidance increased to $6.99-$7.05 per share, but EPS guidance declined to $2.14-$2.24 because of an $18.0 million impairment tied to the anticipated sale of Sumner Square in Washington, DC. On July 28, 2026, BXP also entered into a $1.2 billion construction loan for 343 Madison Avenue in New York, with an initial interest rate of Term SOFR plus 2.50%.