Boston Properties Inc (NYSE:BXP)

Boston Properties Inc is an American public company that owns and operates commercial real estate properties.

It is a real estate investment trust headquartered in Boston, Massachusetts, United States.

The publicly listed REIT manages, develops, owns and operates office and commercial real estate properties.

The company has its presence in Washington DC, San Francisco, midtown Manhattan and Boston.

The trust’s stocks are traded on the New York Stock Exchange under the stock symbol of ‘BXP’.

The company develops state-of-art headquarters, shared places and spaces, and office properties.

The REIT firm keeps in mind the Environmental, Social and Governance norms.

It claims to be among leading real estate companies.

The US-based real estate investment trust claims to have installed solar panels and is taking efforts to reduce carbon emission.

The company has been able to reduce the usage of energy by 27 per cent, emission reduction by 70 per cent, reduction in water usage by 30 per cent, and 55 per cent landfill waste diverted.

The American real estate investment trust operates through various subsidiaries, namely Gateway Center LLC, Boston Properties LLC, 767 Fifth Partners LLC, Circle Star LLC, Three Embarcadero, etc.

The company has 197 properties representing 51.5 million square feet owned.

It is an integrated real estate company that is organized as a real estate investment trust.

The American firm’s total real estate portfolio represents a gross leasable area of 51.5 million square feet.

The company claims to be a leading developer and manager in respect to Class A commercial real estate.

In January 2020, the real estate investment trust entered into a joint venture partnership with Gateway Commons complex in California. It consists of three Class A properties that represents a net rentable area of 768,000 square feet.

It operates through various trademarks like Flex by BXP, Crossroads of the World, Atlantic Wharf, 535 Mission, Square Tower, Park RTC, Carnegie Center, etc.