Boston Properties Income Statement 2025-2006 | BXP

Brief overview of income trends at Boston Properties

The comparison covers a five-year financial horizon. The revenue attributed to Boston Properties moved from 2.8 billion dollars to 3.5 billion dollars between the two endpoints. The cumulative result was +25.9%, corresponding to roughly 4.7% per year. The revenue trend is close to stagnation.

The gross result shifted from $1.7 billion to $2.1 billion, or +21.5%. The gross margin was 61.3% at the start and 59.1% at the end. The business retained less gross profit from each unit of revenue.

Over the period, EBITDA shifted from $684 million to $912 million, a change of +33.4%. The operating result changed at a rate similar to sales. Comparing the endpoints gives EBITDA margins of 24.7% and 26.2%. The EBITDA margin stayed near its previous level.

Net profit was 873 million dollars at the start and 277 million dollars at the end. The business generated less net income by the end of the period.

Over the period, capitalization shifted from 14.7 billion dollars to 10.7 billion dollars (−27.3%). Market expectations deteriorated over the period.

Summary assessment

The results contain several connected negative signals. The constructive conclusion rests on positive operating leverage. The overall view is constrained by weak sales momentum, a weaker final result and pressure from direct costs. The key question is whether sales can be converted into sustainable profit.