Assessing BXP Valuation After Earnings Turnaround and Fresh 2026 Guidance: A Comprehensive Analysis

BXP (BXP) recently reported Q4 and full-year 2025 earnings showing higher revenue, a shift from loss to profit, and fresh 2026 guidance. The shares have a mixed share price run, with a 90-day return decline of 10.56%. The company's aggressive capital recycling and asset sales strategy, redevelopment, and adaptive reuse of assets are expected to unlock higher-yielding income streams and fortify net margins. The most followed narrative sees BXP's fair value at $77.35, with a steady revenue gain, higher margins, and a future earnings profile that assumes a richer profit multiple. However, those assumptions can unravel if leasing stays sluggish or if large developments strain balance sheet flexibility.