02:55 PM EDT, 10/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We increase our target by $14 to $78, 11.0x our 2026 FFO estimate, near office peers as hybrid work trends persist, occupancy issues remain, mixed with negative rental spreads on renewals and a struggling West Coast market. We lower our 2025 FFO forecast by $0.02 to $6.87 and decrease 2026's by $0.14 to $7.12. BXP has started to execute strategic plans from its recent investor day focused on leasing up vacancy properties, recycling capital from non-strategic assets, deleveraging, and pursuing high yield developments. The $1.9B disposition has $457M in sales under contraction with another $750M in the market currently approaching 65% of targeted disposals in-motion. We continue to see weakness in rent spreads likely to persist in 2026 with the West Coast markets down 4% on a cash basis and D.C. market flat. Management is comfortable with the NYC mayoral situation but notes current front-runner Mamdani creates political uncertainty and would bring a less business/real estate friendly agenda to the city.