BXP // BXP Inc.

DES <GO> NYSE CIK 0001037540 ↗

Financials • Real Estate Investment Trusts

$63.02 ▲ +1.54 (+2.51%)

MKT CAP: $10.06B • VOL: 2.04M

52W L $50 52W H $75

ALTMAN Z

0.59 RISK

PIOTROSKI

7 / 9

BXP // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 64/100 [C] (-1 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE C

RQD CONFIDENCE

63 / 100 -1D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Hold — Fair / Balanced Risk-Reward

01 MASSIVE / SEC XBRL

Forensic Fundamentals

10 / 20

NEUTRAL

FCF +0.7% vs NI +200% • ROIC-WACC -6.4% • Z 0.59

02 OPRA GEX + SEC 13F

Whale & Options Flow

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

03 SEC FORM 4 (90D)

Insider Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

15 / 20

SOLID

TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

16 / 20

STRONG

20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did BXP's Whale & Options Flow & Insider Conviction sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever BXP is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON BXP)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // F-RATED EARNINGS MIRAGE // ACCRUAL WATCHSIFTER 02 // ACCRUAL & RECEIVABLES FORENSICS

SEVERITY: 92/100 Z-SCORE: +3.25σ

BXP Accounting Gap: Net Income (+220%) Outpaced OCF (+0.9%) With +-4.6% Working-Capital Build

CASH CONVERSION GAP

+219.1% (NI vs OCF)

RECEIVABLES / WC BLOAT

-4.6% VS REV

60D C-SUITE FORM 4 SALES

0 OPEN-MKT DUMPS

[GEEK DESK FORENSIC NOTE // SEC XBRL × FORM 4 CROSS-CHECK]

SEC EDGAR XBRL CompanyFacts10-K/10-Q Working Capital ScheduleSEC Form 4 Executive Sales

SEC EDGAR XBRL triangulation on BXP Inc. (BXP) exposes a +219.1% Cash Conversion Gap as YoY Net Income growth (+220.0%) diverged from Operating Cash Flow growth (+0.9%). Non-cash current assets and receivables expanded -4.6% relative to top-line revenue growth. Monitor upcoming 10-Q cash realization closely for accrual mean-reversion.

BXP // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +7.42%📐 HORIZONTAL RANGE

2026-10-30O $63.21H $63.55L $62.28C $62.80VOL 1.61M

RES: $73.63SUP: $57.34SMA50: $63.21SMA200: $62.05

BXP // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

UNDERWEIGHT CONVICTION: 41/100

BEAR 0

100 BULL

BXP Inc. (BXP) exhibits 59.1% gross margins and 2.3% return on invested capital within Financials (Real Estate Investment Trusts), balanced against a 34.7x enterprise multiple and 6.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 59.1% gross profitability converts into 9.7% operating margin and 2.3% ROIC, outpacing sector cost of capital.

ROIC: 2.3% // GM: 59.1%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +2.2% paired with 10.82% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +2.2% // FCF YLD: 10.82%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 0.59 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.

ALTMAN Z: 0.59 // F-SCORE: 7/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 36.4x trailing P/E (33.9x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 36.4x // EV/EBITDA: 34.7x

02. Options Skew & Event Volatility Risk

Options market prices a ±6.8% implied move with a 0.71 put/call ratio around $62.00 max pain.

IMPL MOVE: ±6.8% // P/C: 0.71

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Real Estate Investment Trusts require continuous execution to defend 7.9% net margins.

NET MARGIN: 7.9% // D/E: 1.51x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 33.9x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 0.98).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 36.4x

FORWARD P/E 33.9x

EV / EBITDA 34.7x

FCF YIELD 10.82%

GROSS MARGIN 59.1%

OPERATING MARGIN 9.7%

NET MARGIN 7.9%

ROIC % 2.3%

REV GROWTH YOY +2.2%

DILUTED EPS TTM $1.73

DEBT / EQUITY 1.51x

DIVIDEND YIELD 6.39%

RSI-14 MOMENTUM 55.9

5Y EQUITY BETA 0.98

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // BXPPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $57.67

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for BXP & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>

BXP VS BRK-B

MARGINS ROIC VALUATION

BXP VS JPM

MARGINS ROIC VALUATION

BXP VS BAC

MARGINS ROIC VALUATION

BXP VS MS

MARGINS ROIC VALUATION