Boston Properties Inc
BXP: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$32.00 | Hvkb | Dtpjsyw |
Reducing Boston Properties' Fair Value Estimate to $107 as We Moderate Our Long-Term Expectations
Business Strategy and Outlook
Boston Properties develops, owns, and manages Class A office properties that are mainly concentrated in six markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C. It owns over 200 properties consisting of approximately 53 million rentable square feet of space. The company has positioned itself to benefit from the burgeoning life sciences sector, as it owns approximately 4.6 million square feet of life sciences space and has an additional 5 million square feet of future development potential.