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BXP's Q2 Results Point to Accelerating 2026 Earnings Outlook, UBS Says

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BXP's (BXP) Q2 financial report indicates that its earnings will continue to accelerate this year and that it is well positioned for 2027, UBS analysts said in a Monday note.

Analysts said that the company is expected to continue to benefit from its 1.3 million square feet of signed-but-not-yet-commenced leases, including 1.1 million square feet scheduled to commence this year.

UBS said that while BXP is executing its capital recycling strategy ahead of schedule, the acceleration in dispositions is having a larger dilutive impact on its funds from operations this year.

BXP raised its 2026 funds from operations per-share guidance to a range of $6.99 to $7.05, from $6.90 to $7.04 previously.

The midpoint of the new range increased by $0.05 to $7.02. UBS said the outlook reflects confidence in further occupancy gains and improving portfolio performance based on leasing momentum already in place.

UBS retained a neutral rating on the stock, but raised its price target to $70 from $61.

Price: $70.60, Change: $+0.61, Percent Change: +0.87%

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