Boston Properties Inc
BXP: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$16.00 | Kkkn | Rxgchfbr |
A Challenging Office Market Environment Will Weigh on Boston Properties' Fundamentals
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 191 properties consisting of approximately 54 million rentable square feet of space. The company has positioned itself to benefit from the burgeoning life sciences sector, as it owns approximately 5.6 million square feet of life sciences space and has an additional 5.8 million square feet of future development potential.