BXP advances deleveraging plan with $1.2B in asset sales, occupancy climbs to 87.4%

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~2 min read

Key Changes

• high

  Completed $1.2B in strategic asset sales through May 2026, generating $339M net proceeds in Q1 alone and $54.7M in gains. Sales include non-core office, residential, and land parcels, reducing portfolio from 185 to 164 properties while enhancing balance sheet flexibility.

  MD&A: Strategic Action Plan Progress verify on EDGAR →
• high

  Occupancy improved to 87.4% (up 70 bps quarter-over-quarter) with leased percentage at 90.9% (up 150 bps). The 350 bps spread represents 1.6M sq ft of signed leases, 91% expected to commence in 2026, providing visibility into continued occupancy gains.

  MD&A: Occupancy and Leased Percentage verify on EDGAR →
• high

  343 Madison Avenue development in Manhattan is 29% pre-leased as of May 2026, with active negotiations targeting 56% pre-leasing. The 930,000 sq ft premier workplace with Grand Central access represents a key future earnings driver.

  MD&A: Development Pipeline verify on EDGAR →