BXP Inc 2026年季度报告

FORM 10-Q For the transition period fromto Commission File Number: 1-13087 (BXP, Inc.)Commission File Number: 0-50209 (Boston Properties Limited Partnership) BXP, INC.BOSTON PROPERTIES LIMITED PARTNERSHIP (Exact name of Registrant as specified in its charter) 04-2473675(I.R.S. Employer IdentificationNumber) 04-3372948 (I.R.S. Employer IdentificationNumber) Prudential Center, 800 Boylston Street, Suite 1900, Boston, Massachusetts 02199-8103(Address of principal executive offices) (Zip Code) (617) 236-3300(Registrants’ telephone number, including area code) New York Stock Exchange Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90 days. BXP, Inc.:YesNo☐Boston Properties Limited Partnership:YesNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). BXP, Inc.:YesNo☐Boston Properties Limited Partnership:YesNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Boston Properties Limited Partnership☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). BXP, Inc.:Yes☐NoBoston Properties Limited Partnership:Yes☐No Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. EXPLANATORY NOTE This report combines the Quarterly Reports on Form 10-Q for the period ended March 31, 2026 of BXP, Inc. and BostonProperties Limited Partnership. Unless stated otherwise or the context otherwise requires, references to “BXP” mean BXP, Inc.(formerly known as Boston Properties, Inc.), a Delaware corporation that has elected to be taxed as a real estate investmenttrust (“REIT”), and references to “BPLP” and the “Operating Partnership” mean Boston Properties Limited Partnership, aDelaware limited partnership. BPLP is the entity through which BXP conducts substantially all of its business and owns, eitherdirectly or through subsidiaries, substantially all of its assets. BXP is the sole general partner and also a limited partner of BPLP.As the sole general partner of BPLP, BXP has exclusive control of BPLP’s day-to-day management. Therefore, unless statedotherwise or the context requires, references to the “Company,” “we,” “us” and “our” refer collectively to BXP, BPLP and thosesubsidiaries consolidated by BXP. As of March 31, 2026, BXP owned an approximate 89.4% ownership interest in BPLP. The remaining approximate 10.6%interest was owned by limited partners. The other limited partners of BPLP (1) contributed their direct or indirect interests inproperties to BPLP in exchange for common units of limited partnership interest in BPLP or (2) received long-term incentiveplan units of BPLP pursuant to BXP’s Stock Option and Incentive Plans, or both. Under the limited partnership agreement ofBPLP, unitholders may present their common units of BPLP for redemption at any time (subject to covenants agreed upon atthe time of issuance of the units that may restrict such right for a period of time, generally one year from issuance). Uponpresentation of a common unit for redemption, BPLP must redeem the unit for cash equal to the then value of a share of BXP’scommon stock. In lieu of a cash redemption by BPLP, however, BXP may elect to acquire any common units so tendered byissuing shares of BXP common stock in exchange for the common units. If BXP so elects, its common stock will be exchangedfor common units on a one-for-one basis. This one-for-one exchange ratio is subject to specified adjustments to preventdilution. BXP generally expects that it will elect to issue its common stock in connection with each such presentation forredemption rather than having BPLP pay cash. With each such exchange or redemption, BXP’s percentage ownership in BPLPwill increase. In addition, whenever BXP issues shares of its common stock other than to acquire common units of BPLP, BXPmust contribute any net proceeds it receives to BPLP and BPLP must issue