Recent News
On January 14, 2026 Boston Properties reported completion of over $1.0 billion in property sales, advancing toward a $1.9 billion disposition target for 2025–2027. On December 18, 2025 the board declared a $0.70 quarterly cash dividend payable January 29, 2026. The company announced its fourth-quarter 2025 results release schedule and noted a revised employment agreement for the CEO in early January 2026.
Technical Analysis
Directional Indicators (ADX / DI+ / DI-): ADX registers 25.01, indicating emerging to strong trend strength. DI+ shows a dip-and-reversal while DI- shows a peak-and-reversal; both directional reversals bias toward bullish pressure as DI+ increases and DI- retreats, but DI- currently remains higher in absolute terms (DI- 19.64 vs DI+ 12.13), suggesting prior downside dominance still requires confirmation before trend conviction.
MACD: MACD sits at -0.93 with a recent dip-and-reversal and currently crosses above its signal line (-1.11), producing a bullish momentum signal despite MACD remaining negative; that pattern supports near-term upside attempts rather than a sustained breakout.
MRO (Momentum/Regression Oscillator): MRO reads -27.39 and shows a peak-and-reversal; the negative MRO indicates current price sits below the model target and therefore contains potential for mean reversion upward, though magnitude suggests a moderate-to-strong corrective potential rather than immediate acceleration.
RSI: RSI stands at 44.21 with a dip-and-reversal; the index moved off oversold territory toward neutral, implying buying pressure regained slightly but momentum not yet overbought.
Price Versus Averages and Bands: Last close $66.10 sits above the 20-day average $64.52 and near the 1x Bollinger upper band $65.64; 200-day average remains higher at $68.96, placing the longer-term trend above current price. Ichimoku short-term lines (Tenkan $64.96, Kijun $65.66) and the superTrend upper at $67.00 mark immediate resistance levels that will control near-term range behavior.
Fundamental Analysis
Earnings and Surprise: Reported EPS $0.68 versus estimate $0.51 produced an EPS beat of $0.17, an EPS surprise of 33.33%. QoQ earnings growth registered 0.76%, while YoY earnings growth measured -10.01%, showing sequential improvement but weaker year-over-year profitability.
Profitability & Cash Flow: Cash-flow margin and cash-flow-to-earnings show $0.00 in the provided metrics. Cost of debt reads 0.77%, reflecting low nominal borrowing cost on outstanding liabilities.
Revenue Growth: Reported top-line growth shows 0.0% overall with QoQ and YoY revenue growth values reported at -1.00% each, indicating flat to slightly contracting revenue in recent periods.
Valuation Multiples: Trailing P/E stands at 101.36x and forward P/E at 121.74x; WMDST values the stock as over-valued. The PE of 101.36x sits below the industry peer mean of 129.03x, while the PEG ratio at -0.35 compares below the industry peer mean of 6.76. Forward EPS registers $0.58125.
Earnings Momentum & Capital: Reported earnings growth shows modest QoQ improvement (+0.76%) versus negative YoY (-10.01%). Invested capital totals $16,486,629,000 and reported returns show a company managing significant scale while pursuing disposals to reallocate capital.
Valuation Summary: Despite an above-estimate EPS print and sequential earnings recovery, limited revenue growth, high trailing and forward multiples, and WMDST’s valuation tag of over-valued constrain upside expectations; ongoing disposition proceeds should improve balance-sheet flexibility but unlikely to re-rate valuation absent sustained top-line and earnings recovery.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-27 |
| NEXT REPORT DATE: | 2026-04-28 |
| CASH FLOW | Begin Period Cash Flow | — |
| Operating Cash Flow | — | |
| Capital Expenditures | — | |
| Change In Working Capital | — | |
| Dividends Paid | — | |
| Cash Flow Delta | — | |
| End Period Cash Flow | — | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | — | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | — | |
| Tax Provision | — | |
| Tax Rate | — | |
| Net Income | — | |
| Net Income From Continuing Operations | — | |
| EARNINGS | ||
| EPS Estimate | $ 0.51 | |
| EPS Actual | $ 0.68 | |
| EPS Difference | $ 0.17 | |
| EPS Surprise | 33.333 % | |
| Forward EPS | $ 0.58 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | — | |
| Intangible Assets | — | |
| Net Tangible Assets | — | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | — | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | — | |
| Total Liabilities | — | |
| EQUITY | ||
| Total Equity | — | |
| Retained Earnings | — | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | — | |
| Shares Outstanding | — | |
| Revenue Per-Share | — | |
| VALUATION | Market Capitalization | — |
| Enterprise Value | — | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | — | |
| Asset To Liability | — | |
| Debt To Capital | — | |
| Debt To Assets | — | |
| Debt To Assets QoQ | — | |
| Debt To Assets YoY | — | |
| Debt To Assets IPRWA | — | |
| Debt To Equity | — | |
| Debt To Equity QoQ | — | |
| Debt To Equity YoY | — | |
| Debt To Equity IPRWA | — | |
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | — | |
| Price To Book QoQ | — | |
| Price To Book YoY | — | |
| Price To Book IPRWA | — | |
| Price To Earnings (P/E) | 101.359 | |
| Price To Earnings QoQ | -150.852 % | |
| Price To Earnings YoY | -5.953 % | |
| Price To Earnings IPRWA | high: 432.421 mean: 129.026 BXP: 101.359 low: -35.378 median: -35.378 |
|
| PE/G Ratio | -0.351 | |
| Price To Sales (P/S) | — | |
| Price To Sales QoQ | — | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | 121.744 | |
| Forward PE/G | -0.421 | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | — | |
| Asset Turnover Ratio QoQ | — | |
| Asset Turnover Ratio YoY | — | |
| Asset Turnover Ratio IPRWA | — | |
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | — | |
| Net Invested Capital | — | |
| Invested Capital | $ 16.5 B | |
| Net Tangible Assets | — | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 0.765 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | — | |
| Revenue Growth | 0.0 % | |
| Revenue Growth QoQ | -100.0 % | |
| Revenue Growth YoY | -100.0 % | |
| Revenue Growth IPRWA | high: 5.173 % mean: 2.792 % median: 1.917 % BXP: 0.0 % low: -1.913 % |
|
| Earnings Growth | -288.889 % | |
| Earnings Growth QoQ | 75.845 % | |
| Earnings Growth YoY | -1000.667 % | |
| Earnings Growth IPRWA | high: 40.0 % BXP: -288.889 % mean: -935.68 % low: -1370.0 % median: -1370.0 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | — | |
| Free Cash Flow Yield | — | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | — | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | — | |
| Cash Flow Margin | 0.0 % | |
| Cash Flow To Earnings | 0.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | — | |
| Return On Assets QoQ | — | |
| Return On Assets YoY | — | |
| Return On Assets IPRWA | — | |
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | — | |
| Return On Equity QoQ | — | |
| Return On Equity YoY | — | |
| Return On Equity IPRWA | — | |
| DuPont ROE | — | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |