BXP RSI Chart
Last 7 days
8.4%
Last 30 days
-0.6%
Last 90 days
-10.8%
Trailing 12 Months
20.8%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 3.2B | 3.2B | 3.2B | 3.3B |
2022 | 2.9B | 3.0B | 3.0B | 3.1B |
2021 | 2.7B | 2.8B | 2.8B | 2.9B |
2020 | 3.0B | 2.9B | 2.9B | 2.8B |
2019 | 2.8B | 2.9B | 2.9B | 3.0B |
2018 | 2.6B | 2.6B | 2.7B | 2.7B |
2017 | 2.5B | 2.6B | 2.6B | 2.6B |
2016 | 2.5B | 2.5B | 2.5B | 2.6B |
2015 | 2.4B | 2.5B | 2.5B | 2.5B |
2014 | 2.2B | 2.3B | 2.4B | 2.4B |
2013 | 1.9B | 1.9B | 2.0B | 2.1B |
2012 | 1.8B | 1.8B | 1.8B | 1.8B |
2011 | 1.6B | 1.6B | 1.7B | 1.8B |
2010 | 1.5B | 1.5B | 1.5B | 1.6B |
2009 | 1.5B | 1.5B | 1.5B | 1.5B |
2008 | 0 | 1.5B | 1.5B | 1.5B |
2007 | 0 | 0 | 0 | 1.5B |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed S&P 500 Index
Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.
Returns of $10,000 invested in:
Very Cheap Stocks: $17,289
S&P 500 Index: $12,922
Very Expensive Stocks: $11,022
Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 06, 2024 | ritchey raymond a | acquired | - | - | 14,150 | senior evp |
Mar 06, 2024 | ritchey raymond a | sold | -889,149 | 62.8374 | -14,150 | senior evp |
Mar 04, 2024 | ritchey raymond a | acquired | - | - | 14,150 | senior evp |
Feb 29, 2024 | kevorkian eric g | gifted | - | - | -100 | svp, clo and secretary |
Feb 02, 2024 | labelle michael e | acquired | - | - | 9,813 | evp and cfo |
Jan 15, 2024 | labelle michael e | sold (taxes) | -22,876 | 69.96 | -327 | evp and cfo |
Jan 15, 2024 | kevorkian eric g | sold (taxes) | -6,156 | 69.96 | -88.00 | svp, clo and secretary |
Jan 15, 2024 | spann hilary j. | sold (taxes) | -70,030 | 69.96 | -1,001 | executive vice president |
Sep 11, 2023 | kevorkian eric g | sold | -66,430 | 66.43 | -1,000 | svp, clo and secretary |
Sep 11, 2023 | kevorkian eric g | acquired | - | - | 1,000 | svp, clo and secretary |
Which funds bought or sold BXP recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Apr 23, 2024 | AMALGAMATED BANK | added | 16.5 | 265,000 | 3,403,000 | 0.03% |
Apr 23, 2024 | Tennessee Valley Asset Management Partners | sold off | -100 | -236 | - | -% |
Apr 23, 2024 | REGIONS FINANCIAL CORP | added | 8.98 | 17,385 | 1,231,750 | 0.01% |
Apr 23, 2024 | WASHINGTON TRUST Co | added | 2.44 | -162 | 2,715 | -% |
Apr 23, 2024 | Louisiana State Employees Retirement System | reduced | -3.45 | -61,875 | 548,604 | 0.01% |
Apr 23, 2024 | Global Retirement Partners, LLC | added | 8.53 | 264 | 14,932 | -% |
Apr 23, 2024 | B&I Capital AG | sold off | -100 | -6,481,600 | - | -% |
Apr 23, 2024 | Livforsakringsbolaget Skandia, Omsesidigt | unchanged | - | -2,955 | 40,209 | -% |
Apr 23, 2024 | Gradient Investments LLC | reduced | -70.27 | -1,878 | 718 | -% |
Apr 23, 2024 | FIFTH THIRD BANCORP | added | 16.69 | 278,440 | 3,513,420 | 0.01% |
Unveiling Boston Properties Inc's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Boston Properties Inc)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AMT | 81.2B | 11.1B | 59.43 | 7.29 | ||||
CCI | 41.5B | 7.0B | 27.61 | 5.94 | ||||
AVB | 26.8B | 2.8B | 28.86 | 9.68 | ||||
ARE | 19.9B | 3.0B | 103.23 | 6.73 | ||||
AMH | 12.9B | 1.6B | 29.83 | 8.02 | ||||
REG | 11.1B | 1.3B | 30.42 | 8.39 | ||||
BXP | 9.9B | 3.3B | 51.88 | 3.01 | ||||
MID-CAP | ||||||||
FRT | 8.5B | 1.1B | 36.02 | 7.54 | ||||
MAC | 3.5B | 884.1M | -12.7 | 3.94 | ||||
SLG | 3.4B | 899.4M | -6.02 | 3.78 | ||||
SMALL-CAP | ||||||||
AAT | 1.3B | 441.2M | 20.35 | 2.98 | ||||
AIV | 1.2B | 198.2M | -7.42 | 5.71 | ||||
MFA | 1.1B | 605.6M | 13.7 | 1.81 | ||||
NYMT | 656.9M | 258.7M | -13.5 | 2.54 | ||||
IVR | 415.3M | 277.9M | -26.19 | 1.49 |
Boston Properties Inc News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | 0.6% | 829 | 824 | 817 | 803 | 790 | 791 | 774 | 754 | 731 | 730 | 714 | 714 | 665 | 693 | 655 | 753 | 758 | 744 | 734 | 726 | 705 |
Costs and Expenses | 2.6% | 567 | 553 | 551 | 569 | 529 | 519 | 502 | 500 | 478 | 481 | 476 | 485 | 460 | 459 | 461 | 481 | 483 | 474 | 482 | 476 | 457 |
Operating Expenses | -13.1% | 57.00 | 65.00 | 61.00 | 57.00 | 55.00 | 53.00 | 45.00 | 46.00 | 44.00 | 40.00 | 37.00 | 37.00 | 38.00 | 38.00 | 34.00 | 35.00 | 34.00 | 29.00 | 30.00 | 30.00 | 31.00 |
S&GA Expenses | 23.4% | 39.00 | 31.00 | 44.00 | 56.00 | 36.00 | 33.00 | 35.00 | 43.00 | 34.00 | 35.00 | 38.00 | 45.00 | 31.00 | 28.00 | 38.00 | 36.00 | 33.00 | 31.00 | 35.00 | 42.00 | 28.00 |
Interest Expenses | 4.9% | 155 | 148 | 142 | 134 | 120 | 112 | 104 | 101 | 103 | 106 | 106 | 108 | 112 | 111 | 107 | 102 | 103 | 106 | 102 | 101 | 100 |
Net Income | 207.2% | 120 | -111 | 104 | 78.00 | 112 | 361 | 223 | 143 | 185 | 108 | 112 | 101 | 11.00 | 92.00 | 269 | 500 | 141 | 110 | 167 | 101 | 149 |
Net Income Margin | 3.1% | 0.06* | 0.06* | 0.20* | 0.25* | 0.27* | 0.30* | 0.22* | 0.19* | 0.17* | 0.12* | 0.11* | 0.17* | - | - | - | - | - | - | - | - | - |
Free Cashflow | 28.5% | 387 | 301 | 379 | 234 | 370 | 296 | 397 | 219 | 346 | 226 | 408 | 152 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 5.2% | 26,026 | 24,739 | 25,342 | 24,625 | 24,208 | 23,727 | 23,266 | 22,476 | 22,365 | 22,849 | 22,059 | 22,214 | 22,858 | 22,959 | 23,001 | 21,830 | 21,285 | 21,289 | 21,268 | 20,502 | 20,256 |
Cash Equivalents | 73.5% | 1,531 | 883 | 1,582 | 919 | 690 | 376 | 456 | 436 | 453 | 1,003 | 557 | 697 | 1,669 | 1,715 | 1,691 | 661 | 645 | 751 | 1,087 | 360 | 543 |
Liabilities | 6.8% | 17,834 | 16,699 | 17,049 | 16,313 | 15,837 | 15,327 | 15,116 | 14,423 | 14,322 | 14,785 | 13,960 | 14,085 | 14,512 | 14,459 | 14,448 | 13,403 | 13,262 | 13,286 | 13,248 | 12,331 | 12,043 |
Shareholder's Equity | 1.5% | 5,877 | 5,788 | 8,287 | 8,306 | 6,133 | 8,393 | 8,143 | 8,042 | 8,033 | 8,055 | 8,090 | 8,121 | 8,340 | 8,495 | 8,547 | 8,421 | 8,014 | 7,996 | 8,021 | 8,170 | 8,214 |
Retained Earnings | -4.3% | -816 | -782 | -516 | -467 | -391 | -359 | -567 | -636 | -625 | -657 | -612 | -570 | -509 | -364 | -302 | -416 | -760 | -749 | -710 | -728 | -675 |
Additional Paid-In Capital | 2.2% | 6,715 | 6,569 | 6,561 | 6,549 | 6,539 | 6,532 | 6,525 | 6,510 | 6,498 | 6,416 | 6,406 | 6,393 | 6,357 | 6,348 | 6,341 | 6,321 | 6,295 | 6,275 | 6,279 | 6,415 | 6,408 |
Shares Outstanding | 0.0% | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 156 | 156 | 156 | 156 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | 9,013 | - | - | - | 13,917 | - | - | - | 17,852 | - | - | - | 14,037 | - | - | - | 19,902 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | 28.5% | 387,148 | 301,189 | 379,173 | 234,010 | 369,996 | 295,764 | 397,149 | 219,490 | 346,368 | 226,383 | 408,413 | 152,063 | 374,417 | 228,151 | 379,075 | 175,197 | 361,373 | 254,188 | 358,370 | 207,234 | 379,618 |
Share Based Compensation | -7.7% | 4,779 | 5,175 | 15,262 | 26,262 | 7,818 | 8,013 | 14,960 | 21,235 | 7,762 | 8,728 | 14,280 | 20,090 | 7,990 | 8,253 | 10,374 | 17,525 | 7,705 | 7,809 | 10,394 | 15,050 | 8,417 |
Cashflow From Investing | 0.8% | -318,103 | -320,714 | -269,272 | -285,592 | -289,582 | -333,050 | -828,835 | -151,335 | -41,588 | -434,757 | -321,338 | -242,273 | -225,308 | -267,889 | -46,729 | -73,793 | -278,625 | -408,514 | -104,437 | -223,515 | -78,809 |
Cashflow From Financing | 190.4% | 613,134 | -678,577 | 554,307 | 279,052 | 207,512 | -16,678 | 452,193 | -86,970 | -885,543 | 653,015 | -398,978 | -679,936 | -194,569 | -187,128 | 800,731 | 65,288 | -195,627 | -203,833 | 476,693 | -190,612 | -85,402 |
Dividend Payments | 0.7% | 172,835 | 171,649 | 172,055 | 171,270 | 171,533 | 171,535 | 171,463 | 170,488 | 170,372 | 170,264 | 171,551 | 171,566 | 172,332 | 172,333 | 172,275 | 171,964 | 166,667 | 166,666 | 166,599 | 166,362 | 166,364 |
Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Revenue | |||||
Lease | $ 3,054,673 | $ 2,918,368 | $ 2,753,014 | ||
Total revenue | 3,273,569 | 3,108,581 | 2,888,621 | ||
Expenses | |||||
Rental | 1,183,947 | 1,108,070 | 1,021,151 | ||
General and administrative | 170,158 | 146,378 | 151,573 | ||
Transaction costs | 4,313 | 2,905 | 5,036 | ||
Depreciation and amortization | 830,813 | 749,775 | 717,336 | ||
Total expenses | 2,239,227 | 2,050,056 | 1,920,581 | ||
Other income (expense) | |||||
Loss from unconsolidated joint ventures | (239,543) | (59,840) | (2,570) | ||
Gains on sales of real estate | 517 | 437,019 | 123,660 | ||
Gain on sales-type lease | 0 | 10,058 | 0 | ||
Interest and other income (loss) | 69,964 | 11,940 | 5,704 | ||
Other Income - assignment fee | 0 | 6,624 | 0 | ||
Gains (losses) from investments in securities | 5,556 | (6,453) | 5,626 | ||
Losses from interest rate contracts | (79) | 0 | 0 | ||
Unrealized Gain (Loss) on Investments | 239 | (150) | 0 | ||
Losses from early extinguishment of debt | 0 | 0 | (45,182) | ||
Interest expense | (579,572) | (437,139) | (423,346) | ||
Net Income (loss) | 291,424 | 1,020,584 | 631,932 | ||
Net income attributable to noncontrolling interests | |||||
Noncontrolling interests in property partnerships | (78,661) | (74,857) | (70,806) | ||
Noncontrolling interest - common units of the Operating Partnership | (22,548) | (96,780) | (55,931) | ||
Net income attributable to Boston Properties, Inc. | 190,215 | 848,947 | 505,195 | ||
Preferred dividends / distributions | 0 | 0 | (2,560) | ||
Preferred Stock Redemption Charge | 0 | 0 | (6,412) | ||
Net income attributable to the Company common shareholders / unitholders | $ 190,215 | $ 848,947 | $ 496,223 | ||
Basic earnings per common share / unit attributable to the Company common shareholders / unitholders | |||||
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share) | $ 1.21 | $ 5.41 | $ 3.18 | ||
Weighted average number of common shares / units outstanding (in shares / units) | 156,863 | 156,726 | 156,116 | ||
Diluted earnings per common share / unit attributable to the Company common shareholders / unitholders | |||||
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) | $ 1.21 | $ 5.40 | $ 3.17 | ||
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) | 157,201 | 157,137 | 156,376 | ||
Boston Properties Limited Partnership | |||||
Revenue | |||||
Lease | $ 3,054,673 | $ 2,918,368 | $ 2,753,014 | ||
Total revenue | 3,273,569 | 3,108,581 | 2,888,621 | ||
Expenses | |||||
Rental | 1,183,947 | 1,108,070 | 1,021,151 | ||
General and administrative | 170,158 | 146,378 | 151,573 | ||
Transaction costs | 4,313 | 2,905 | 5,036 | ||
Depreciation and amortization | 823,805 | 742,293 | |||
Total expenses | 2,232,219 | 2,042,574 | 1,912,280 | ||
Other income (expense) | |||||
Loss from unconsolidated joint ventures | (239,543) | (59,840) | (2,570) | ||
Gains on sales of real estate | 517 | 441,075 | 125,198 | ||
Gain on sales-type lease | 0 | 10,058 | 0 | ||
Interest and other income (loss) | 69,964 | 11,940 | 5,704 | ||
Other Income - assignment fee | 0 | 6,624 | 0 | ||
Gains (losses) from investments in securities | 5,556 | (6,453) | 5,626 | ||
Losses from interest rate contracts | (79) | 0 | 0 | ||
Unrealized Gain (Loss) on Investments | 239 | (150) | 0 | ||
Losses from early extinguishment of debt | 0 | 0 | (45,182) | ||
Interest expense | (579,572) | (437,139) | (423,346) | ||
Net Income (loss) | 298,432 | 1,032,122 | 641,771 | ||
Net income attributable to noncontrolling interests | |||||
Noncontrolling interests in property partnerships | (78,661) | (74,857) | (70,806) | ||
Net income attributable to Boston Properties, Inc. | 219,771 | 957,265 | 570,965 | ||
Preferred dividends / distributions | 0 | 0 | (2,560) | ||
Preferred Stock Redemption Charge | 0 | 0 | (6,412) | ||
Net income attributable to the Company common shareholders / unitholders | $ 219,771 | $ 957,265 | $ 561,993 | ||
Basic earnings per common share / unit attributable to the Company common shareholders / unitholders | |||||
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share) | $ 1.26 | $ 5.48 | $ 3.25 | ||
Weighted average number of common shares / units outstanding (in shares / units) | 174,796 | 174,360 | 173,150 | ||
Diluted earnings per common share / unit attributable to the Company common shareholders / unitholders | |||||
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) | $ 1.25 | $ 5.47 | $ 3.24 | ||
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) | 175,134 | 174,771 | 173,410 | ||
Parking and Other [Member] | |||||
Revenue | |||||
Other revenue | $ 112,918 | $ 107,225 | $ 81,814 | ||
Parking and Other [Member] | Boston Properties Limited Partnership | |||||
Revenue | |||||
Other revenue | 112,918 | 107,225 | 81,814 | ||
Hotel [Member] | |||||
Revenue | |||||
Other revenue | [1] | 47,357 | 39,482 | 13,609 | |
Expenses | |||||
Operating expense | 32,225 | 27,478 | 12,998 | ||
Hotel [Member] | Boston Properties Limited Partnership | |||||
Revenue | |||||
Other revenue | 47,357 | 39,482 | 13,609 | ||
Expenses | |||||
Operating expense | 32,225 | 27,478 | 12,998 | ||
Management Service [Member] | |||||
Revenue | |||||
Other revenue | 40,850 | 28,056 | 27,697 | ||
Management Service [Member] | Boston Properties Limited Partnership | |||||
Revenue | |||||
Other revenue | 40,850 | 28,056 | 27,697 | ||
Real Estate, Other [Member] | |||||
Revenue | |||||
Other revenue | 17,771 | 15,450 | 12,487 | ||
Expenses | |||||
Operating expense | 17,771 | 15,450 | 12,487 | ||
Real Estate, Other [Member] | Boston Properties Limited Partnership | |||||
Revenue | |||||
Other revenue | 17,771 | 15,450 | 12,487 | ||
Expenses | |||||
Operating expense | $ 17,771 | $ 15,450 | $ 12,487 | ||
|
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | ||
---|---|---|---|---|
ASSETS | ||||
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,054,075 and $6,789,029 at December 31, 2023 and December 31, 2022, respectively) | $ 26,749,209 | $ 25,389,663 | ||
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at December 31, 2023 and December 31, 2022, respectively) | 401,680 | 237,510 | ||
Right of use assets - operating leases (amounts related to VIEs of $158,885 and $0 at December 31, 2023 and December 31, 2022, respectively) | [1] | 324,298 | 167,351 | |
Less: accumulated depreciation (amounts related to VIEs of $(1,501,483) and $(1,381,401) at December 31, 2023 and December 31, 2022, respectively) | (6,881,728) | (6,298,082) | ||
Total real estate | 20,593,459 | 19,496,442 | ||
Cash and cash equivalents (amounts related to VIEs of $245,317 and $259,658 at December 31, 2023 and December 31, 2022, respectively) | 1,531,477 | 690,333 | ||
Cash held in escrows (amounts related to VIEs of $22,160 and $0 at December 31, 2023 and December 31, 2022, respectively) | 81,090 | 46,479 | ||
Investments in securities | 36,337 | 32,277 | ||
Tenant and other receivables, net (amounts related to VIEs of $27,987 and $16,521 at December 31, 2023 and December 31, 2022, respectively) | 122,407 | 81,389 | ||
Note receivable, net | 1,714 | 0 | ||
Sales-type lease receivable, net | 13,704 | 12,811 | ||
Accrued rental income, net (amounts related to VIEs of $401,159 and $367,138 at December 31, 2023 and December 31, 2022, respectively) | 1,355,212 | 1,276,580 | ||
Deferred charges, net (amounts related to VIEs of $175,383 and $176,597 at December 31, 2023 and December 31, 2022, respectively) | 760,421 | 733,282 | ||
Prepaid expenses and other assets (amounts related to VIEs of $11,824 and $11,647 at December 31, 2023 and December 31, 2022, respectively) | 64,230 | 43,589 | ||
Investments in unconsolidated joint ventures | 1,377,319 | 1,715,911 | ||
Total assets | 26,026,149 | 24,207,669 | ||
Liabilities: | ||||
Mortgage notes payable, net (amounts related to VIEs of $3,277,185 and $3,272,368 at December 31, 2023 and December 31, 2022, respectively) | 4,166,379 | 3,272,368 | ||
Unsecured senior notes, net | 10,491,617 | 10,237,968 | ||
Unsecured line of credit | 0 | 0 | ||
Unsecured term loan, net | 1,198,301 | 730,000 | ||
Lease liabilities - finance leases (amounts related to VIEs of $20,794 and $20,604 at December 31, 2023 and December 31, 2022, respectively) | 417,961 | 249,335 | ||
Lease liabilities - operating leases (amounts related to VIEs of $145,826 and $0 at December 31, 2023 and December 31, 2022, respectively) | 350,391 | 204,686 | ||
Accounts payable and accrued expenses (amounts related to VIEs of $59,667 and $29,466 at December 31, 2023 and December 31, 2022, respectively) | 458,329 | 417,545 | ||
Dividends and distributions payable | 171,176 | 170,643 | ||
Accrued interest payable | 133,684 | 103,774 | ||
Other liabilities (amounts related to VIEs of $115,275 and $114,232 at December 31, 2023 and December 31, 2022, respectively) | 445,947 | 450,918 | ||
Total liabilities | 17,833,785 | 15,837,237 | ||
Redeemable deferred stock units— 119,471 and 97,853 units outstanding at redemption value at December 31, 2023 and December 31, 2022, respectively | $ 8,383 | $ 6,613 | ||
Excess stock, shares outstanding | 0 | 0 | ||
Excess stock, shares issued | 0 | 0 | ||
Preferred stock / units, shares / units issued (in shares / units) | 0 | 0 | ||
Preferred stock / units, shares / units outstanding (in shares / units) | 0 | 0 | ||
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 outstanding | 0 | 0 | ||
Common stock, $0.01 par value, 250,000,000 shares authorized, 157,019,766 and 156,836,767 issued and 156,940,866 and 156,757,867 outstanding at December 31, 2023 and December 31, 2022, respectively | 1,569 | 1,568 | ||
Additional paid-in capital | 6,715,149 | 6,539,147 | ||
Dividends in excess of earnings | $ (816,152) | $ (391,356) | ||
Treasury common stock at cost, shares | 78,900 | 78,900 | ||
Treasury common stock at cost, 78,900 shares at December 31, 2023 and December 31, 2022 | $ (2,722) | $ (2,722) | ||
Accumulated other comprehensive loss | (21,147) | (13,718) | ||
Total stockholders' equity attributable to Boston Properties, Inc. | 5,876,697 | 6,132,919 | ||
Noncontrolling interests: | ||||
Common units of the Operating Partnership | 666,580 | 683,583 | ||
Property partnerships | 1,640,704 | 1,547,317 | ||
Total equity / capital | 8,183,981 | 8,363,819 | ||
Total liabilities and equity / capital | 26,026,149 | 24,207,669 | ||
Related Party | ||||
ASSETS | ||||
Related party note receivable, net | 88,779 | 78,576 | ||
Variable Interest Entity, Primary Beneficiary [Member] | ||||
ASSETS | ||||
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,054,075 and $6,789,029 at December 31, 2023 and December 31, 2022, respectively) | 7,054,075 | 6,789,029 | ||
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at December 31, 2023 and December 31, 2022, respectively) | 21,000 | 21,000 | ||
Right of use assets - operating leases (amounts related to VIEs of $158,885 and $0 at December 31, 2023 and December 31, 2022, respectively) | 158,885 | 0 | ||
Less: accumulated depreciation (amounts related to VIEs of $(1,501,483) and $(1,381,401) at December 31, 2023 and December 31, 2022, respectively) | (1,501,483) | (1,381,401) | ||
Cash and cash equivalents (amounts related to VIEs of $245,317 and $259,658 at December 31, 2023 and December 31, 2022, respectively) | 245,317 | 259,658 | ||
Cash held in escrows (amounts related to VIEs of $22,160 and $0 at December 31, 2023 and December 31, 2022, respectively) | 22,160 | 0 | ||
Tenant and other receivables, net (amounts related to VIEs of $27,987 and $16,521 at December 31, 2023 and December 31, 2022, respectively) | 27,987 | 16,521 | ||
Accrued rental income, net (amounts related to VIEs of $401,159 and $367,138 at December 31, 2023 and December 31, 2022, respectively) | 401,159 | 367,138 | ||
Deferred charges, net (amounts related to VIEs of $175,383 and $176,597 at December 31, 2023 and December 31, 2022, respectively) | 175,383 | 176,597 | ||
Prepaid expenses and other assets (amounts related to VIEs of $11,824 and $11,647 at December 31, 2023 and December 31, 2022, respectively) | 11,824 | 11,647 | ||
Liabilities: | ||||
Mortgage notes payable, net (amounts related to VIEs of $3,277,185 and $3,272,368 at December 31, 2023 and December 31, 2022, respectively) | 3,277,185 | 3,272,368 | ||
Lease liabilities - finance leases (amounts related to VIEs of $20,794 and $20,604 at December 31, 2023 and December 31, 2022, respectively) | 20,794 | 20,604 | ||
Lease liabilities - operating leases (amounts related to VIEs of $145,826 and $0 at December 31, 2023 and December 31, 2022, respectively) | 145,826 | 0 | ||
Accounts payable and accrued expenses (amounts related to VIEs of $59,667 and $29,466 at December 31, 2023 and December 31, 2022, respectively) | 59,667 | 29,466 | ||
Other liabilities (amounts related to VIEs of $115,275 and $114,232 at December 31, 2023 and December 31, 2022, respectively) | 115,275 | 114,232 | ||
Boston Properties Limited Partnership | ||||
ASSETS | ||||
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,054,075 and $6,789,029 at December 31, 2023 and December 31, 2022, respectively) | 26,382,944 | 25,022,149 | ||
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at December 31, 2023 and December 31, 2022, respectively) | 401,680 | 237,510 | ||
Right of use assets - operating leases (amounts related to VIEs of $158,885 and $0 at December 31, 2023 and December 31, 2022, respectively) | [1] | 324,298 | 167,351 | |
Less: accumulated depreciation (amounts related to VIEs of $(1,501,483) and $(1,381,401) at December 31, 2023 and December 31, 2022, respectively) | (6,758,361) | (6,180,474) | ||
Total real estate | 20,350,561 | 19,246,536 | ||
Cash and cash equivalents (amounts related to VIEs of $245,317 and $259,658 at December 31, 2023 and December 31, 2022, respectively) | 1,531,477 | 690,333 | ||
Cash held in escrows (amounts related to VIEs of $22,160 and $0 at December 31, 2023 and December 31, 2022, respectively) | 81,090 | 46,479 | ||
Investments in securities | 36,337 | 32,277 | ||
Tenant and other receivables, net (amounts related to VIEs of $27,987 and $16,521 at December 31, 2023 and December 31, 2022, respectively) | 122,407 | 81,389 | ||
Note receivable, net | 1,714 | 0 | ||
Sales-type lease receivable, net | 13,704 | 12,811 | ||
Accrued rental income, net (amounts related to VIEs of $401,159 and $367,138 at December 31, 2023 and December 31, 2022, respectively) | 1,355,212 | 1,276,580 | ||
Deferred charges, net (amounts related to VIEs of $175,383 and $176,597 at December 31, 2023 and December 31, 2022, respectively) | 760,421 | 733,282 | ||
Prepaid expenses and other assets (amounts related to VIEs of $11,824 and $11,647 at December 31, 2023 and December 31, 2022, respectively) | 64,230 | 43,589 | ||
Investments in unconsolidated joint ventures | 1,377,319 | 1,715,911 | ||
Total assets | 25,783,251 | 23,957,763 | ||
Liabilities: | ||||
Mortgage notes payable, net (amounts related to VIEs of $3,277,185 and $3,272,368 at December 31, 2023 and December 31, 2022, respectively) | 4,166,379 | 3,272,368 | ||
Unsecured senior notes, net | 10,491,617 | 10,237,968 | ||
Unsecured line of credit | 0 | 0 | ||
Unsecured term loan, net | 1,198,301 | 730,000 | ||
Lease liabilities - finance leases (amounts related to VIEs of $20,794 and $20,604 at December 31, 2023 and December 31, 2022, respectively) | 417,961 | 249,335 | ||
Lease liabilities - operating leases (amounts related to VIEs of $145,826 and $0 at December 31, 2023 and December 31, 2022, respectively) | 350,391 | 204,686 | ||
Accounts payable and accrued expenses (amounts related to VIEs of $59,667 and $29,466 at December 31, 2023 and December 31, 2022, respectively) | 458,329 | 417,545 | ||
Dividends and distributions payable | 171,176 | 170,643 | ||
Accrued interest payable | 133,684 | 103,774 | ||
Other liabilities (amounts related to VIEs of $115,275 and $114,232 at December 31, 2023 and December 31, 2022, respectively) | 445,947 | 450,918 | ||
Total liabilities | 17,833,785 | 15,837,237 | ||
Redeemable deferred stock units— 119,471 and 97,853 units outstanding at redemption value at December 31, 2023 and December 31, 2022, respectively | 8,383 | 6,613 | ||
Noncontrolling interest: | ||||
Redeemable partnership units— 16,508,277 and 16,531,172 common units and 2,065,861 and 1,679,175 long term incentive units outstanding at redemption value at December 31, 2023 and December 31, 2022, respectively | 1,347,575 | 1,280,886 | ||
Equity / Capital: | ||||
Boston Properties Limited Partnership partners’ capital— 1,755,150 and 1,749,682 general partner units and 155,185,716 and 155,008,185 limited partner units outstanding at December 31, 2023 and December 31, 2022, respectively | 4,973,951 | 5,299,428 | ||
Accumulated other comprehensive loss | (21,147) | (13,718) | ||
Total partners’ capital | 4,952,804 | 5,285,710 | ||
Noncontrolling interests in property partnerships | 1,640,704 | 1,547,317 | ||
Noncontrolling interests: | ||||
Total equity / capital | 6,593,508 | 6,833,027 | ||
Total liabilities and equity / capital | 25,783,251 | 23,957,763 | ||
Boston Properties Limited Partnership | Related Party | ||||
ASSETS | ||||
Related party note receivable, net | 88,779 | 78,576 | ||
Boston Properties Limited Partnership | Variable Interest Entity, Primary Beneficiary [Member] | ||||
ASSETS | ||||
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,054,075 and $6,789,029 at December 31, 2023 and December 31, 2022, respectively) | 7,054,075 | 6,789,029 | ||
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at December 31, 2023 and December 31, 2022, respectively) | 21,000 | 21,000 | ||
Right of use assets - operating leases (amounts related to VIEs of $158,885 and $0 at December 31, 2023 and December 31, 2022, respectively) | 158,885 | 0 | ||
Less: accumulated depreciation (amounts related to VIEs of $(1,501,483) and $(1,381,401) at December 31, 2023 and December 31, 2022, respectively) | (1,501,483) | (1,381,401) | ||
Cash and cash equivalents (amounts related to VIEs of $245,317 and $259,658 at December 31, 2023 and December 31, 2022, respectively) | 245,317 | 259,658 | ||
Cash held in escrows (amounts related to VIEs of $22,160 and $0 at December 31, 2023 and December 31, 2022, respectively) | 22,160 | 0 | ||
Tenant and other receivables, net (amounts related to VIEs of $27,987 and $16,521 at December 31, 2023 and December 31, 2022, respectively) | 27,987 | 16,521 | ||
Accrued rental income, net (amounts related to VIEs of $401,159 and $367,138 at December 31, 2023 and December 31, 2022, respectively) | 401,159 | 367,138 | ||
Deferred charges, net (amounts related to VIEs of $175,383 and $176,597 at December 31, 2023 and December 31, 2022, respectively) | 175,383 | 176,597 | ||
Prepaid expenses and other assets (amounts related to VIEs of $11,824 and $11,647 at December 31, 2023 and December 31, 2022, respectively) | 11,824 | 11,647 | ||
Liabilities: | ||||
Mortgage notes payable, net (amounts related to VIEs of $3,277,185 and $3,272,368 at December 31, 2023 and December 31, 2022, respectively) | 3,277,185 | 3,272,368 | ||
Lease liabilities - finance leases (amounts related to VIEs of $20,794 and $20,604 at December 31, 2023 and December 31, 2022, respectively) | 20,794 | 20,604 | ||
Lease liabilities - operating leases (amounts related to VIEs of $145,826 and $0 at December 31, 2023 and December 31, 2022, respectively) | 145,826 | 0 | ||
Accounts payable and accrued expenses (amounts related to VIEs of $59,667 and $29,466 at December 31, 2023 and December 31, 2022, respectively) | 59,667 | 29,466 | ||
Other liabilities (amounts related to VIEs of $115,275 and $114,232 at December 31, 2023 and December 31, 2022, respectively) | $ 115,275 | $ 114,232 | ||
|
 | Mr. Owen David Thomas |
---|---|
 | bxp.com |
 | REIT Mortgage |
 | 780 |