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- Asset Impairment (new) — Company recording $18M non-cash impairment charge on Sumner Square property sale in Q2 2026.
BXP to sell DC property for $63M, taking $18M impairment charge in Q2
Filed May 29, 2026 · Period ending May 27, 2026 · ~1 min read
Key Changes
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BXP agreed to sell Sumner Square property complex in Washington DC for $63 million, with buyer providing $6 million non-refundable deposit. Sale is part of strategic asset disposition plan announced at September 2025 Investor Day.
Item 8.01 view on EDGAR → -
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Company will record $18 million non-cash impairment loss in Q2 2026 because property's carrying value exceeds expected net sale proceeds, reducing diluted EPS by approximately $0.10 for Q2 and full year.
Item 8.01 view on EDGAR → -
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Impairment charge will not affect Funds from Operations (FFO), the key REIT performance metric that excludes non-cash items. Impact is limited to GAAP earnings only.
Item 8.01 view on EDGAR →
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Source-verified from EDGAR · Narrative written by AI · May 29, 2026 · How we verify