Grufity logoGrufity logo
StocksFundsSearch FilingsAPI

Boston Properties Inc Stock Research

BXP

65.56USD+0.01(+0.02%)Market Closed
Watchlist

Market Summary

USD65.56+0.01
Market Closed
0.02%

BXP Alerts

  • 1 major insider sales recently.
  • Big fall in earnings (Y/Y)

BXP Stock Price

BXP RSI Chart

BXP Valuation

Market Cap

10.3B

Price/Earnings (Trailing)

15.7

Price/Sales (Trailing)

3.21

Price/Free Cashflow

8.04

BXP Price/Sales (Trailing)

BXP Profitability

Return on Equity

12.76%

Return on Assets

3.14%

Free Cashflow Yield

12.44%

BXP Fundamentals

BXP Revenue

Revenue (TTM)

3.2B

Revenue Y/Y

5.59%

Revenue Q/Q

1.74%

BXP Earnings

Earnings (TTM)

655.0M

Earnings Y/Y

-53.23%

Earnings Q/Q

33.91%

Price Action

52 Week Range

46.1879.65
(Low)(High)

Last 7 days

2.8%

Last 30 days

4.4%

Last 90 days

25.4%

Trailing 12 Months

-16.5%

BXP Financial Health

BXP Investor Care

Shares Dilution (1Y)

0.09%

Diluted EPS (TTM)

4.23

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for BXP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-11
Kevorkian Eric G
acquired
-
-
1,000
svp, clo and secretary
2023-09-11
Kevorkian Eric G
sold
-66,430
66.43
-1,000
svp, clo and secretary
2023-09-07
Spann Hilary J.
sold (taxes)
-163,861
65.94
-2,485
executive vice president
2023-09-05
RITCHEY RAYMOND A
sold
-4,362,080
67.109
-65,000
senior evp
2023-09-01
RITCHEY RAYMOND A
acquired
-
-
65,000
senior evp
2023-06-07
Otteni Peter V
sold
-571,269
54.599
-10,463
executive vice president
2023-06-02
Otteni Peter V
acquired
-
-
10,463
executive vice president
2023-05-31
West Tony
acquired
-
-
3,390
-
2023-05-31
Hoskins Diane J
acquired
-
-
3,390
-
2023-05-26
Einiger Carol B.
bought
474,100
47.41
10,000
-

1–10 of 50

Which funds bought or sold BXP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
reduced
-30.21
-5,210
15,031
-%
2023-08-24
Alberta Investment Management Corp
added
66.67
251,180
575,900
0.01%
2023-08-23
Stonebridge Capital Advisors LLC
new
-
11,518
11,518
-%
2023-08-23
WOLVERINE TRADING, LLC
added
53.18
339,605
868,605
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-21.41
-277,277
1,416,140
0.01%
2023-08-22
US Asset Management LLC
sold off
-100
-111,000
-
-%
2023-08-21
BOKF, NA
reduced
-80.17
-4,953
1,325
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
0.04
875,596
14,436,700
0.02%
2023-08-21
VitalStone Financial, LLC
sold off
-100
-7,000
-
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-11.07
-173,730
3,123,980
0.01%

1–10 of 45

Latest Funds Activity

Are funds buying BXP calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own BXP
No. of Funds

Schedule 13G FIlings of Boston Properties

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
norges bank
8.10%
12,695,570
SC 13G/A
Feb 14, 2023
tci fund management ltd
0%
0
SC 13G/A
Feb 09, 2023
vanguard group inc
15.05%
23,591,706
SC 13G/A
Feb 06, 2023
state street corp
7.10%
11,123,759
SC 13G/A
Jan 26, 2023
blackrock inc.
11.6%
18,146,691
SC 13G/A
Jan 20, 2023
blackrock inc.
11.6%
18,146,691
SC 13G
Feb 14, 2022
tci fund management ltd
7.96%
12,458,851
SC 13G/A
Feb 10, 2022
state street corp
6.68%
10,427,686
SC 13G/A
Feb 09, 2022
vanguard group inc
14.71%
22,978,972
SC 13G/A
Jan 27, 2022
blackrock inc.
11.1%
17,343,626
SC 13G/A

Recent SEC filings of Boston Properties

View All Filings
Date Filed Form Type Document
Sep 12, 2023
4
Insider Trading
Sep 11, 2023
144
Notice of Insider Sale Intent
Sep 11, 2023
3
Insider Trading
Sep 11, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 05, 2023
144
Notice of Insider Sale Intent
Sep 05, 2023
4
Insider Trading
Aug 07, 2023
10-Q
Quarterly Report
Aug 01, 2023
8-K
Current Report
Jul 05, 2023
4
Insider Trading

BXP Fair Value

Loading...

Peers (Alternatives to Boston Properties)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
38.3B
5.1B
5.88% 19.36%
89.57
7.47
13.73% -68.04%
23.7B
2.0B
-0.94% -9.83%
28.39
11.73
-22.97% -33.54%
20.0B
2.7B
-1.78% -21.80%
26.64
7.46
15.16% 88.51%
11.4B
1.8B
-1.65% -8.89%
28.27
6.5
6.75% -42.80%
MID-CAP
8.0B
1.1B
1.83% 2.50%
20.52
7.18
8.31% 38.10%
4.9B
820.5M
3.48% 19.66%
174.46
5.97
29.95% 125.56%
4.8B
1.8B
19.66% -1.21%
-12.91
2.63
5.60% -286.96%
2.6B
866.2M
4.87% 36.72%
-29.3
2.95
0.51% -335.26%
SMALL-CAP
2.7B
882.0M
26.74% -0.07%
-6.14
3.08
11.76% -239.94%
2.4B
426.3M
-1.04% 52.78%
25.4
5.64
1.38% 137.97%
1.1B
732.3M
9.89% -25.11%
-13.31
1.55
-0.03% -4012.90%
1.0B
339.3M
-9.41% -15.44%
-5.79
3.02
88.48% -168.70%

Boston Properties News

InvestorsObserver
What is the Market's View on Boston Properties, Inc. (BXP) Stock's Price and Volume Trends Wednesday?.
InvestorsObserver,
9 hours ago
Kalkine Media
InvestorsObserver

Returns for BXP

Cumulative Returns on BXP

-1.8%


10-Year Cumulative Returns

-7.3%


7-Year Cumulative Returns

-9.6%


5-Year Cumulative Returns

-5.5%


3-Year Cumulative Returns

Risks for BXP

What is the probability of a big loss on BXP?

53.1%


Probability that Boston Properties stock will be more than 20% underwater in next one year

46.9%


Probability that Boston Properties stock will be more than 30% underwater in next one year.

38.9%


Probability that Boston Properties stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BXP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Boston Properties was unfortunately bought at previous high price.

Drawdowns

Financials for Boston Properties

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.4%3,2013,1573,1093,0502,9892,9292,8892,8232,7862,7272,7662,8582,9082,9872,9612,9082,8512,7822,7172,6672,639
Costs and Expenses2.3%2,1682,1192,0501,9991,9611,9361,9211,9021,8801,8641,8601,8831,8991,9211,9151,8891,8631,8141,7921,7611,737
  S&GA Expenses6.0%168159146144146150152149142142133135138135141136134128122123120
Interest Expenses8.2%508470437421414417423432437438432423418413413410399389378370366
Net Income-15.3%6557748399126595485053313154738731,0031,020918519527535497572528526
Net Income Margin-100.0%-0.25*0.27*0.30*0.23*0.19*0.17*0.12*0.11*0.17*0.32*0.35*0.35*0.31*0.17*------
Free Cashflow-100.0%-1,2971,2821,2591,1891,2011,1331,1611,1631,1341,1571,1441,1701,1491,181------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets2.9%25,34224,62524,20823,72723,26622,47622,36522,84922,05922,21422,85822,95923,00121,83021,28521,28921,26820,50220,25620,13719,961
    Cash Equivalents72.1%1,5829196903764564364531,0035576971,6691,7151,6916616457511,087360543323473
Liabilities4.5%17,04916,31315,83715,32715,11614,42314,32214,78513,96014,08514,51214,45914,44813,40313,26213,28613,24812,33112,04311,93211,748
Shareholder's Equity-27.3%6,0408,3066,1336,1568,1438,0428,0338,0558,0908,1218,3408,4958,5478,4218,0147,9968,0218,1708,2148,2068,213
  Retained Earnings-10.6%-516-467-391-359-567-636-625-657-612-570-509-364-302-416-760-749-710-728-675-677-649
  Additional Paid-In Capital0.2%6,5616,5496,5396,5326,5256,5106,4986,4166,4066,3936,3576,3486,3416,3216,2956,2756,2796,4156,4086,4006,391
Shares Outstanding0.0%157157157157157157157156156156156156155155155155155155154154154
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-1.4%1,2791,2971,2821,2591,1891,2011,1331,1611,1631,1341,1571,1441,1701,1491,1811,1991,1551,1321,1501,0981,108
  Share Based Compensation0.5%57.0057.0052.0052.0053.0052.0051.0051.0051.0047.0044.0044.0043.0043.0041.0042.0042.0040.0040.0040.0039.00
Cashflow From Investing32.2%-1,177-1,737-1,602-1,354-1,456-949-1,039-1,223-1,056-782-613-667-807-865-1,015-815-941-1,138-1,098-1,308-820
Cashflow From Financing11.1%1,024922556-537133-718-1,311-620-1,460-260484483467143-113-3.15222-15.9382.0058.00-100
  Dividend Payments0.1%686686685684683683684686688689689683678672666666640614588553544

BXP Income Statement

2023-06-30
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue    
Lease$ 761,733$ 721,899$ 1,518,608$ 1,440,019
Total revenue817,153773,9271,620,3531,528,234
Expenses    
Rental291,036273,848582,344544,103
General and administrative44,17534,66599,97777,859
Transaction costs3084961,219496
Depreciation and amortization202,577183,146411,311360,770
Total expenses550,866501,8381,119,5271,001,816
Other income (expense)    
income (loss() from unconsolidated joint ventures(6,668)(54)(14,237)2,135
Gains on sales of real estate096,2470118,948
Interest and other income (loss)17,3431,19528,2842,423
Other Income - assignment fee06,62406,624
Gain (Loss) on Investments1,571(4,716)3,236(6,978)
Unrealized gain on non-real estate investment12403830
Interest expense(142,473)(104,142)(276,680)(205,370)
Net income136,184267,243241,812444,200
Net income attributable to noncontrolling interests    
Noncontrolling interests in property partnerships(19,768)(18,546)(38,428)(36,095)
Noncontrolling interest - common units of the Operating Partnership(12,117)(25,708)(21,169)(42,061)
Net income attributable to the Company104,299222,989182,215366,044
Net income attributable to the Company$ 104,299$ 222,989$ 182,215$ 366,044
Basic earnings per common share / unit attributable to the Company    
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share)$ 0.67$ 1.42$ 1.16$ 2.33
Weighted average number of common shares / units outstanding (in shares / units)156,826156,720156,815156,685
Diluted earnings per common share / unit attributable to the Company    
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit)$ 0.66$ 1.42$ 1.16$ 2.33
Weighted average number of common and common equivalent shares / units outstanding (in shares / units)157,218157,192157,131157,098
Boston Properties Limited Partnership    
Revenue    
Lease$ 761,733$ 721,899$ 1,518,608$ 1,440,019
Total revenue817,153773,9271,620,3531,528,234
Expenses    
Rental291,036273,848582,344544,103
General and administrative44,17534,66599,97777,859
Transaction costs3084961,219496
Depreciation and amortization200,895181,416407,767357,302
Total expenses549,184500,1081,115,983998,348
Other income (expense)    
income (loss() from unconsolidated joint ventures(6,668)(54)(14,237)2,135
Gains on sales of real estate099,6080122,992
Interest and other income (loss)17,3431,19528,2842,423
Other Income - assignment fee06,62406,624
Gain (Loss) on Investments1,571(4,716)3,236(6,978)
Unrealized gain on non-real estate investment12403830
Interest expense(142,473)(104,142)(276,680)(205,370)
Net income137,866272,334245,356451,712
Net income attributable to noncontrolling interests    
Noncontrolling interests in property partnerships(19,768)(18,546)(38,428)(36,095)
Net income attributable to the Company118,098253,788206,928415,617
Net income attributable to the Company$ 118,098$ 253,788$ 206,928$ 415,617
Basic earnings per common share / unit attributable to the Company    
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share)$ 0.68$ 1.45$ 1.18$ 2.38
Weighted average number of common shares / units outstanding (in shares / units)174,748174,392174,693174,323
Diluted earnings per common share / unit attributable to the Company    
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit)$ 0.67$ 1.45$ 1.18$ 2.38
Weighted average number of common and common equivalent shares / units outstanding (in shares / units)175,140174,864175,009174,736
Parking and Other [Member]    
Revenue    
Other revenue$ 26,984$ 30,346$ 50,993$ 52,080
Parking and Other [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue26,98430,34650,99352,080
Hotel [Member]    
Revenue    
Other revenue13,969[1]12,089[1]22,070[2]16,646[2]
Expenses    
Operating expense8,1616,44414,83211,284
Hotel [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue13,96912,08922,07016,646
Expenses    
Operating expense8,1616,44414,83211,284
Real Estate, Other [Member]    
Revenue    
Other revenue4,6093,2399,8447,304
Expenses    
Operating expense4,6093,2399,8447,304
Real Estate, Other [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue4,6093,2399,8447,304
Expenses    
Operating expense4,6093,2399,8447,304
Management Service [Member]    
Revenue    
Other revenue9,8586,35418,83812,185
Management Service [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue$ 9,858$ 6,354$ 18,838$ 12,185
[1]Rental Revenue is equal to Total Revenue per the Company’s Consolidated Statements of Operations, less Development and Management Services Revenue and Direct Reimbursements of Payroll and Related Costs from Management Services Contracts Revenue per the Consolidated Statements of Operations.
[2]Rental Revenue is equal to Total Revenue per the Company’s Consolidated Statements of Operations, less Development and Management Services Revenue and Direct Reimbursements of Payroll and Related Costs from Management Services Contracts Revenue per the Consolidated Statements of Operations.

BXP Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS  
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,870,107 and $6,789,029 at June 30, 2023 and December 31, 2022, respectively)$ 25,762,722$ 25,389,663
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at June 30, 2023 and December 31, 2022, respectively)237,526237,510
Right of use assets - operating leases166,421167,351
Less: accumulated depreciation (amounts related to VIEs of $(1,434,592) and $(1,381,401) at June 30, 2023 and December 31, 2022, respectively)(6,568,568)(6,298,082)
Total real estate19,598,10119,496,442
Cash and cash equivalents (amounts related to VIEs of $256,201 and $259,658 at June 30, 2023 and December 31, 2022, respectively)1,581,575690,333
Cash held in escrows46,91546,479
Investments in securities33,48132,277
Tenant and other receivables, net (amounts related to VIEs of $13,921 and $16,521 at June 30, 2023 and December 31, 2022, respectively)91,96881,389
Related party note receivable, net88,83478,576
Sales-type lease receivable, net13,25012,811
Accrued rental income, net (amounts related to VIEs of $382,622 and $367,138 at June 30, 2023 and December 31, 2022, respectively)1,318,3201,276,580
Deferred charges, net (amounts related to VIEs of $172,655 and $176,597 at June 30, 2023 and December 31, 2022, respectively)710,820733,282
Prepaid expenses and other assets (amounts related to VIEs of $13,534 and $11,647 at June 30, 2023 and December 31, 2022, respectively)77,45743,589
Investments in unconsolidated joint ventures1,780,9591,715,911
Total assets25,341,68024,207,669
Liabilities:  
Mortgage notes payable, net (amounts related to VIEs of $3,274,764 and $3,272,368 at June 30, 2023 and December 31, 2022, respectively)3,274,7643,272,368
Unsecured senior notes, net10,985,39510,237,968
Unsecured line of credit00
Unsecured term loan1,196,046730,000
Lease liabilities - finance leases (amounts related to VIEs of $20,675 and $20,604 at June 30, 2023 and December 31, 2022, respectively)251,874249,335
Lease liabilities - operating leases204,826204,686
Accounts payable and accrued expenses (amounts related to VIEs of $57,852 and $29,466 at June 30, 2023 and December 31, 2022, respectively)434,574417,545
Dividends and distributions payable171,465170,643
Accrued interest payable111,088103,774
Other liabilities (amounts related to VIEs of $101,301 and $114,232 at June 30, 2023 and December 31, 2022, respectively)418,813450,918
Total liabilities17,048,84515,837,237
Redeemable deferred stock units— 108,642 and 97,853 units outstanding at redemption value at June 30, 2023 and December 31, 2022, respectively$ 6,292$ 6,613
Excess stock, shares outstanding00
Excess stock, shares issued00
Preferred stock / units, shares / units issued (in shares / units)00
Preferred stock / units, shares / units outstanding (in shares / units)00
Equity / Capital:  
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding$ 0$ 0
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued or outstanding00
Common stock, $0.01 par value, 250,000,000 shares authorized, 156,932,300 and 156,836,767 issued and 156,853,400 and 156,757,867 outstanding at June 30, 2023 and December 31, 2022, respectively1,5691,568
Additional paid-in capital6,561,1616,539,147
Dividends in excess of earnings(516,550)(391,356)
Treasury common stock at cost, 78,900 shares at June 30, 2023 and December 31, 2022(2,722)(2,722)
Accumulated other comprehensive loss(3,406)(13,718)
Total stockholders' equity attributable to Boston Properties, Inc.6,040,0526,132,919
Noncontrolling interests:  
Common units of the Operating Partnership689,123683,583
Property partnerships1,557,3681,547,317
Total equity / capital8,286,5438,363,819
Total liabilities and equity / capital25,341,68024,207,669
Boston Properties Limited Partnership  
ASSETS  
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,870,107 and $6,789,029 at June 30, 2023 and December 31, 2022, respectively)25,396,45725,022,149
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at June 30, 2023 and December 31, 2022, respectively)237,526237,510
Right of use assets - operating leases166,421167,351
Less: accumulated depreciation (amounts related to VIEs of $(1,434,592) and $(1,381,401) at June 30, 2023 and December 31, 2022, respectively)(6,448,665)(6,180,474)
Total real estate19,351,73919,246,536
Cash and cash equivalents (amounts related to VIEs of $256,201 and $259,658 at June 30, 2023 and December 31, 2022, respectively)1,581,575690,333
Cash held in escrows46,91546,479
Investments in securities33,48132,277
Tenant and other receivables, net (amounts related to VIEs of $13,921 and $16,521 at June 30, 2023 and December 31, 2022, respectively)91,96881,389
Related party note receivable, net88,83478,576
Sales-type lease receivable, net13,25012,811
Accrued rental income, net (amounts related to VIEs of $382,622 and $367,138 at June 30, 2023 and December 31, 2022, respectively)1,318,3201,276,580
Deferred charges, net (amounts related to VIEs of $172,655 and $176,597 at June 30, 2023 and December 31, 2022, respectively)710,820733,282
Prepaid expenses and other assets (amounts related to VIEs of $13,534 and $11,647 at June 30, 2023 and December 31, 2022, respectively)77,45743,589
Investments in unconsolidated joint ventures1,780,9591,715,911
Total assets25,095,31823,957,763
Liabilities:  
Mortgage notes payable, net (amounts related to VIEs of $3,274,764 and $3,272,368 at June 30, 2023 and December 31, 2022, respectively)3,274,7643,272,368
Unsecured senior notes, net10,985,39510,237,968
Unsecured line of credit00
Unsecured term loan1,196,046730,000
Lease liabilities - finance leases (amounts related to VIEs of $20,675 and $20,604 at June 30, 2023 and December 31, 2022, respectively)251,874249,335
Lease liabilities - operating leases204,826204,686
Accounts payable and accrued expenses (amounts related to VIEs of $57,852 and $29,466 at June 30, 2023 and December 31, 2022, respectively)434,574417,545
Dividends and distributions payable171,465170,643
Accrued interest payable111,088103,774
Other liabilities (amounts related to VIEs of $101,301 and $114,232 at June 30, 2023 and December 31, 2022, respectively)418,813450,918
Total liabilities17,048,84515,837,237
Redeemable deferred stock units— 108,642 and 97,853 units outstanding at redemption value at June 30, 2023 and December 31, 2022, respectively6,2926,613
Noncontrolling interest:  
Redeemable partnership units— 16,522,540 and 16,531,172 common units and 2,135,852 and 1,679,175 long term incentive units outstanding at redemption value at June 30, 2023 and December 31, 2022, respectively1,135,0531,280,886
Equity / Capital:  
Boston Properties Limited Partnership partners’ capital— 1,755,118 and 1,749,682 general partner units and 155,098,282 and 155,008,185 limited partner units outstanding at June 30, 2023 and December 31, 2022, respectively5,351,1665,299,428
Accumulated other comprehensive loss(3,406)(13,718)
Total partners’ capital5,347,7605,285,710
Noncontrolling interests in property partnerships1,557,3681,547,317
Noncontrolling interests:  
Total equity / capital6,905,1286,833,027
Total liabilities and equity / capital$ 25,095,318$ 23,957,763
Owen D. Thomas
740
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company's portfolio totals 51.2 million square feet and 196 properties, including six properties under construction/redevelopment.