Real Estate
BXP's net income per share declined 23% in the second quarter of fiscal year 2026, pressured by higher expenses and an impairment charge, even as lease revenue posted modest growth.
Key risk: High Financial Leverage and Interest Rate Risk
BXP maintains a high debt-to-equity ratio of 3.38, with $17.4 billion in total liabilities. Interest expense of $153.4 million in Q2 2026 underscores the sensitivity of earnings to rising interest rates. A significant portion of debt is unsecured, exposing the company to refinancing risk.
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