Mizuho cuts BXP's PT on $1 bln debt maturity, market headwinds
Mizuho cuts real estate investment trust BXP's BXP.N price target to $79 from $82, reiterates "outperform" rating
New PT still represents an upside of 10.3% from stock's last close
Mizuho faces pressure from dilutive asset sales and higher interest expenses due to $1 billion debt maturing in Q4 2026
Adds that 340 Park Avenue property becomes operational in Q4, capitalized interest will decline
A common "earnings" trend is most office REITs likely have limited funds from operations (FFO) growth in FY26 and there is hope of a "hockey-stick" in several for FY27 - brokerage
Nine of 23 brokerages rate the stock "buy" or higher and 14 "hold"; their median PT is $78, according to data compiled by LSEG
Including session's moves, shares down 4.2% YTD
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