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Boston Properties Valuation Multiples
Discover revenue and EBITDA valuation multiples for Boston Properties and similar public comparables like Alexandria Real Estate, Lineage, Balder, CubeSmart and more.
Boston Properties Overview
About Boston Properties
BXP Inc. owns over 180 properties consisting of approximately 53 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.
Founded
1997
HQ
Employees
816
Website
Sectors
Financials (LTM)
EV
$25B
Boston Properties Financials
Boston Properties reported last 12-month revenue of $3B and EBITDA of $2B.
In the same LTM period, Boston Properties generated $2B in gross profit, $2B in EBITDA, and $282M in net income.
Revenue (LTM)
Boston Properties P&L
In the most recent fiscal year, Boston Properties reported revenue of $3B and EBITDA of $2B.
Boston Properties expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 61% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 56% | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 29% | XXX | XXX | XXX |
| Net Profit | $282M | XXX | $277M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $15B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Boston Properties Stock Performance
Boston Properties has current market cap of $9B, and enterprise value of $25B.
Market Cap Evolution
Boston Properties' stock price is $56.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $25B | $9B | 0.0% | XXX | XXX | XXX | $1.75 |
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Start Free TrialBoston Properties Valuation Multiples
Boston Properties trades at 7.1x EV/Revenue multiple, and 12.9x EV/EBITDA.
EV / Revenue (LTM)
Boston Properties Financial Valuation Multiples
As of March 30, 2026, Boston Properties has market cap of $9B and EV of $25B.
Equity research analysts estimate Boston Properties' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Boston Properties has a P/E ratio of 31.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $25B | XXX | $25B | XXX | XXX | XXX |
| EV/Revenue | 7.1x | XXX | 7.1x | XXX | XXX | XXX |
| EV/EBITDA | 12.9x | XXX | 12.7x | XXX | XXX | XXX |
| EV/EBIT | 25.2x | XXX | 24.4x | XXX | XXX | XXX |
| EV/Gross Profit | 11.7x | XXX | 11.7x | XXX | XXX | XXX |
| P/E | 31.6x | XXX | 32.2x | XXX | XXX | XXX |
| EV/FCF | 1238.5x | XXX | 19.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Boston Properties Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Boston Properties Margins & Growth Rates
Boston Properties' revenue in the last 12 month grew by 0%.
Boston Properties' revenue per employee in the last FY averaged $4.3M, while opex per employee averaged $1.3M for the same period.
Boston Properties' rule of 40 is 56% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Boston Properties' rule of X is 54% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Boston Properties Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 56% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 56% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 54% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | 25% | XXX | 32% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Boston Properties Public Comps
See public comps and valuation multiples for other Buildings & Property comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Alexandria Real Estate | XXX | XXX | XXX | XXX | XXX | XXX |
| Lineage | XXX | XXX | XXX | XXX | XXX | XXX |
| Balder | XXX | XXX | XXX | XXX | XXX | XXX |
| CubeSmart | XXX | XXX | XXX | XXX | XXX | XXX |
| CTP | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Boston Properties M&A Activity
Boston Properties acquired XXX companies to date.
Last acquisition by Boston Properties was on XXXXXXXX, XXXXX. Boston Properties acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Boston Properties
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialBoston Properties Investment Activity
Boston Properties invested in XXX companies to date.
Boston Properties made its latest investment on XXXXXXXX, XXXXX. Boston Properties invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Boston Properties
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Boston Properties
| When was Boston Properties founded? | Boston Properties was founded in 1997. |
| Where is Boston Properties headquartered? | Boston Properties is headquartered in United States. |
| How many employees does Boston Properties have? | As of today, Boston Properties has over 816 employees. |
| Who is the CEO of Boston Properties? | Boston Properties' CEO is Owen D. Thomas. |
| Is Boston Properties publicly listed? | Yes, Boston Properties is a public company listed on NYSE. |
| What is the stock symbol of Boston Properties? | Boston Properties trades under BXP ticker. |
| When did Boston Properties go public? | Boston Properties went public in 1997. |
| Who are competitors of Boston Properties? | Boston Properties main competitors are Alexandria Real Estate, Lineage, Balder, CubeSmart. |
| What is the current market cap of Boston Properties? | Boston Properties' current market cap is $9B. |
| What is the current revenue of Boston Properties? | Boston Properties' last 12 months revenue is $3B. |
| What is the current revenue growth of Boston Properties? | Boston Properties revenue growth (NTM/LTM) is 0%. |
| What is the current EV/Revenue multiple of Boston Properties? | Current revenue multiple of Boston Properties is 7.1x. |
| Is Boston Properties profitable? | Yes, Boston Properties is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Boston Properties? | Boston Properties' last 12 months EBITDA is $2B. |
| What is Boston Properties' EBITDA margin? | Boston Properties' last 12 months EBITDA margin is 55%. |
| What is the current EV/EBITDA multiple of Boston Properties? | Current EBITDA multiple of Boston Properties is 12.9x. |
| What is the current FCF of Boston Properties? | Boston Properties' last 12 months FCF is $20M. |
| What is Boston Properties' FCF margin? | Boston Properties' last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of Boston Properties? | Current FCF multiple of Boston Properties is 1238.5x. |
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