Value Investing with Sven Carlin, Ph.D.Published 2026-10-25
“S&P 500 460 to 483! DECK Looks Interesting+ DPZ, CLX, LULU, BXP, TKO, FDS, MKC, ALB, Charter, IT...”
$BXPBearish
BXP is expensive: FFO is decreasing and occupancy is 89%, while $15 billion of debt amid high rates and weak office demand adds risk. Valuation is attractive but not enough, and a recession is not priced in, so the 5% return is extremely risky. Compare BXP with other REITs, not the S&P 500.
BXP is a company specializing in workplace real estate investment trusts . For me, it's expensive. You can see an 89% occupancy rate in Wiltshire. The dividend yield is heading towards 5%.
However, it is not as busy as some of the good real estate investment trusts that we will discuss later.