Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $2,766 | $2,889 | $3,109 | $3,274 | $3,408 |
| Gross Profit | $1,694 | $1,814 | $1,930 | $1,999 | $2,041 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $873 | $505 | $849 | $190 | $14 |
Over the five-year period, BXP’s revenue demonstrated a steady upward trend, increasing from approximately $2,766 million in 2020 to $3,408 million in 2024. Gross profit followed suit, growing from around $1,694 million to $2,041 million. This consistent increase in top-line figures suggests that the company maintained or expanded its asset portfolio and occupancy levels—a critical factor in the real estate investment trust (REIT) sector. However, an intriguing aspect of the data is that operating income is reported as zero each year, which may indicate differences in how operating expenses and nonrecurring items are accounted for, or that the company relies on other metrics to reflect operational efficiency. Net income, on the other hand, displayed significant volatility. After reaching $872.7 million in 2020, net income fell by around 42% to $505.2 million in 2021, then recovered to nearly 850 million in 2022, only to experience a dramatic decline to $190.2 million in 2023 and further plummet to just $14.3 million in 2024. These swings—particularly the more than 75% drop between 2022 and 2023—suggest potential pressures from increased financing costs, market valuation adjustments, or other non-operational factors affecting overall profitability. In summary, while strong revenue and gross profit trends highlight growth in the company’s core operations, the erratic net income performance raises concerns regarding cost control and financial stability that warrant closer scrutiny for future sustainability in the competitive REIT market.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.