BXP Q2 2026: Net income -14% to $102.5M despite revenue +3.1%; occupancy gains to 88.4%

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read

Key Changes

• high

  Occupancy improved 200 bps YoY to 88.4% (leased 91.3%, +220 bps), driven by 1.8M sf of Q2 leasing (129% of 10-year average) and strong pre-leasing at 343 Madison (50%) and Reservoir Place (89%).

  MD&A: Leasing & Occupancy verify on EDGAR →
• high

  Secured $1.2B construction loan for 343 Madison (July 28, 2026), reducing remaining equity requirement for development pipeline from ~$2.1B to ~$900M and materially improving funding flexibility.

  Subsequent Events (Note 14) view on EDGAR →
• high

  Generated $432M of net disposition proceeds YTD 2026 ($1.3B since Sept 2025 Investor Day); five assets under contract for $180M, with up to $440M additional proceeds estimated by year-end.

  MD&A: Asset Sales verify on EDGAR →