As of Dec 31, 2025, BXP, Inc. had total assets of $26.2 billion and total liabilities of $18.5 billion. Total assets were up 0.3% from a year earlier. Stockholders' equity was $5.1 billion. It held $1.5 billion in cash and investments against $1.5 billion of total debt, net cash of $23.6 million.
USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.
| Line |
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash |
1,478
+17.8%
|
1,255
-18.1%
|
1,531
+121.8%
|
690
+52.5%
|
453
-72.9%
|
1,669
+158.7%
|
645
+18.7%
|
543
+25.0%
|
435
+21.8%
|
357
-50.7%
|
| Cash and investments |
1,523
+17.6%
|
1,295
-17.4%
|
1,568
+117.0%
|
723
+45.6%
|
496
-70.9%
|
1,708
+150.6%
|
682
+19.3%
|
572
+23.2%
|
464
+21.9%
|
381
-48.8%
|
| Total assets |
26,166
+0.3%
|
26,085
+0.2%
|
26,026
+7.5%
|
24,208
+8.2%
|
22,365
-2.2%
|
22,858
+7.4%
|
21,285
+5.1%
|
20,256
+4.6%
|
19,372
+2.8%
|
18,852
+2.7%
|
| Liabilities and equity | ||||||||||
| Total liabilities |
18,474
+1.9%
|
18,137
+1.7%
|
17,834
+12.6%
|
15,837
+10.6%
|
14,322
-1.3%
|
14,512
+9.4%
|
13,262
+10.1%
|
12,043
+6.9%
|
11,270
+3.2%
|
10,920
+4.3%
|
| Stockholders' equity |
5,147
-4.9%
|
5,413
-7.9%
|
5,877
-4.2%
|
6,133
+5.1%
|
5,834
-2.7%
|
5,996
+5.5%
|
5,685
-3.4%
|
5,883
+1.2%
|
5,814
+0.5%
|
5,786
+1.3%
|
| Debt | ||||||||||
| Debt due within a year |
750
+50.0%
|
500
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Long-term debt |
—
|
—
|
—
|
—
|
3,300
+12.6%
|
2,932
-0.6%
|
2,949
-1.5%
|
2,995
-0.6%
|
3,014
+48.4%
|
2,032
-39.5%
|
| Lease liabilities |
749
-1.9%
|
764
-0.6%
|
768
+69.2%
|
454
+1.1%
|
449
+2.5%
|
438
+3.3%
|
424
|
—
|
—
|
—
|
| Total debt |
1,499
+18.7%
|
1,264
+64.5%
|
768
+69.2%
|
454
-87.9%
|
3,749
+11.2%
|
3,370
-0.1%
|
3,373
+12.6%
|
2,995
-0.6%
|
3,014
+48.4%
|
2,032
-39.5%
|
| Net cash |
24
-24.0%
|
31
-96.1%
|
799
+197.7%
|
269
+108.3%
|
-3,253
-95.7%
|
-1,662
+38.3%
|
-2,692
-11.1%
|
-2,424
+5.0%
|
-2,550
-54.5%
|
-1,651
+36.9%
|
| Ratios | ||||||||||
| Debt to equity |
0.29x
|
0.23x
|
0.13x
|
0.07x
|
0.64x
|
0.56x
|
0.59x
|
0.51x
|
0.52x
|
0.35x
|
| Debt to EBITDA |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
1.98x
|
1.34x
|
| Return on equity |
5.38%
|
0.26%
|
3.24%
|
13.84%
|
8.66%
|
14.55%
|
9.17%
|
9.91%
|
7.95%
|
8.86%
|
| Return on assets |
1.06%
|
0.05%
|
0.73%
|
3.51%
|
2.26%
|
3.82%
|
2.45%
|
2.88%
|
2.39%
|
2.72%
|
| Book value per share |
32.46
|
34.22
|
37.45
|
39.12
|
37.27
|
38.51
|
36.73
|
38.09
|
37.67
|
37.62
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.
Company profile
- Industry
- Real Estate Investment Trusts (SIC 6798)
- Listed as
- BXP (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Boston, MA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1037540
- Former names
- BOSTON PROPERTIES INC (until Jun 20, 2024)
Other Real Estate Investment Trusts companies
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- Prologis, Inc. PLD
- Equinix Inc EQIX
- American Tower Corp /MA/ AMT
- Simon Property Group Inc. SPG
- Digital Realty Trust, Inc. DLR
- Public Storage PSA
- Realty Income Corp O
Source: SEC EDGAR filings. This is company-reported data, not investment advice.