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BXP

BXP - Boston Properties Inc Stock Price, Fair Value and News

58.65USD-1.96 (-3.23%)Market Closed

Market Summary

BXP
USD58.65-1.96
Market Closed
-3.23%

BXP Alerts

  • 1 major insider sales recently.

BXP Stock Price

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BXP RSI Chart

BXP Valuation

Market Cap

9.2B

Price/Earnings (Trailing)

48.4

Price/Sales (Trailing)

2.81

Price/Free Cashflow

7.08

BXP Price/Sales (Trailing)

BXP Profitability

Return on Equity

3.24%

Return on Assets

0.73%

Free Cashflow Yield

14.13%

BXP Fundamentals

BXP Revenue

Revenue (TTM)

3.3B

Rev. Growth (Yr)

4.95%

Rev. Growth (Qtr)

0.56%

BXP Earnings

Earnings (TTM)

190.3M

Earnings Growth (Yr)

7.16%

Earnings Growth (Qtr)

207.21%

Breaking Down BXP Revenue

Last 7 days

-7.3%

Last 30 days

-6.3%

Last 90 days

-15.6%

Trailing 12 Months

15.1%

How does BXP drawdown profile look like?

BXP Financial Health

BXP Investor Care

Dividend Yield

4.84%

Dividend/Share (TTM)

3.15

Shares Dilution (1Y)

0.12%

Diluted EPS (TTM)

1.21

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.2B3.2B3.2B3.3B
20222.9B3.0B3.0B3.1B
20212.7B2.8B2.8B2.9B
20203.0B2.9B2.9B2.8B
20192.8B2.9B2.9B3.0B
20182.6B2.6B2.7B2.7B
20172.5B2.6B2.6B2.6B
20162.5B2.5B2.5B2.6B
20152.4B2.5B2.5B2.5B
20142.2B2.3B2.4B2.4B
20131.9B1.9B2.0B2.1B
20121.8B1.8B1.8B1.8B
20111.6B1.6B1.7B1.8B
20101.5B1.5B1.5B1.6B
20091.5B1.5B1.5B1.5B
200801.5B1.5B1.5B
20070001.5B
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Tracking the Latest Insider Buys and Sells of Boston Properties Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold BXP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 12, 2024
BALDWIN BROTHERS LLC/MA
unchanged
-
-243
3,266
-%
Apr 12, 2024
Gilman Hill Asset Management, LLC
added
39.15
143,617
630,176
0.11%
Apr 12, 2024
Sarasin & Partners LLP
unchanged
-
-246,449
3,311,870
0.03%
Apr 12, 2024
FIRST FINANCIAL CORP /IN/
new
-
4,049
4,049
-%
Apr 12, 2024
DNB Asset Management AS
reduced
-42.76
-1,351,540
1,540,790
0.01%
Apr 12, 2024
AdvisorNet Financial, Inc
reduced
-14.29
-912
3,509
-%
Apr 11, 2024
Signature Resources Capital Management, LLC
unchanged
-
-
1,639
-%
Apr 11, 2024
Fortitude Family Office, LLC
unchanged
-
-112
1,502
-%
Apr 11, 2024
SALEM INVESTMENT COUNSELORS INC
added
50.00
4,243
14,916
-%
Apr 11, 2024
CONTRAVISORY INVESTMENT MANAGEMENT, INC.
added
198
487,672
762,037
0.17%

1–10 of 48

Are Funds Buying or Selling BXP?

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

Unveiling Boston Properties Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
14.94%
23,446,379
SC 13G/A
Jan 30, 2024
state street corp
7.73%
12,135,782
SC 13G/A
Jan 23, 2024
blackrock inc.
11.8%
18,575,604
SC 13G/A
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

Recent SEC filings of Boston Properties Inc

View All Filings
Date Filed Form Type Document
Apr 12, 2024
DEF 14A
DEF 14A
Apr 12, 2024
DEFA14A
DEFA14A
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading

Peers (Alternatives to Boston Properties Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.1B
11.1B
-9.66% -13.83%
60.81
7.46
4.04% -19.43%
41.5B
7.0B
-9.60% -26.03%
27.65
5.95
-0.07% -10.36%
25.7B
2.8B
-1.70% 6.38%
27.64
9.27
6.73% -18.30%
20.5B
2.9B
-3.74% 0.55%
197.59
7.1
11.46% -80.13%
12.7B
1.6B
-3.36% 8.14%
29.37
7.9
7.80% 39.39%
10.7B
1.3B
-1.98% -2.93%
29.32
8.08
8.04% -24.50%
9.2B
3.3B
-6.31% 15.09%
48.4
2.81
5.31% -77.32%
MID-CAP
8.1B
1.1B
-1.05% 1.77%
34.35
7.19
5.38% -38.52%
3.4B
884.1M
-1.05% 66.77%
-12.56
3.89
2.90% -314.82%
3.2B
899.4M
-1.62% 125.91%
-5.7
3.58
-0.45% -623.11%
SMALL-CAP
1.3B
441.2M
-2.88% 17.82%
19.35
2.84
4.38% 15.77%
1.2B
198.2M
7.12% 4.87%
-7.34
5.82
-43.33% -270.70%
1.1B
605.6M
-7.57% 5.74%
13.37
1.77
25.53% 134.62%
627.7M
258.7M
-4.58% -31.06%
-12.9
2.43
0.11% 83.70%
399.8M
277.9M
-10.13% -19.51%
-25.21
1.44
44.33% 96.06%

Boston Properties Inc News

Latest updates
Defense World21 hours ago
Yahoo Canada Shine On13 Apr 202403:36 am
Yahoo Movies Canada12 Apr 202401:01 pm
InvestorsObserver21 Mar 202407:00 am
Zacks Investment Research08 Mar 202408:00 am

Boston Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue0.6%829824817803790791774754731730714714665693655753758744734726705
Costs and Expenses2.6%567553551569529519502500478481476485460459461481483474482476457
Operating Expenses-13.1%57.0065.0061.0057.0055.0053.0045.0046.0044.0040.0037.0037.0038.0038.0034.0035.0034.0029.0030.0030.0031.00
  S&GA Expenses23.4%39.0031.0044.0056.0036.0033.0035.0043.0034.0035.0038.0045.0031.0028.0038.0036.0033.0031.0035.0042.0028.00
Interest Expenses4.9%155148142134120112104101103106106108112111107102103106102101100
Net Income207.2%120-11110478.0011236122314318510811210111.0092.00269500141110167101149
Net Income Margin3.1%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 Cashflow28.5%387301379234370296397219346226408152---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets5.2%26,02624,73925,34224,62524,20823,72723,26622,47622,36522,84922,05922,21422,85822,95923,00121,83021,28521,28921,26820,50220,256
    Cash Equivalents73.5%1,5318831,5829196903764564364531,0035576971,6691,7151,6916616457511,087360543
Liabilities6.8%17,83416,69917,04916,31315,83715,32715,11614,42314,32214,78513,96014,08514,51214,45914,44813,40313,26213,28613,24812,33112,043
Shareholder's Equity1.5%5,8775,7888,2878,3066,1338,3938,1438,0428,0338,0558,0908,1218,3408,4958,5478,4218,0147,9968,0218,1708,214
  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 Capital2.2%6,7156,5696,5616,5496,5396,5326,5256,5106,4986,4166,4066,3936,3576,3486,3416,3216,2956,2756,2796,4156,408
Shares Outstanding0.0%157157157157157157157157156156156156---------
Float---9,013---13,917---17,852---14,037---19,902--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations28.5%387,148301,189379,173234,010369,996295,764397,149219,490346,368226,383408,413152,063374,417228,151379,075175,197361,373254,188358,370207,234379,618
  Share Based Compensation-7.7%4,7795,17515,26226,2627,8188,01314,96021,2357,7628,72814,28020,0907,9908,25310,37417,5257,7057,80910,39415,0508,417
Cashflow From Investing0.8%-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 Financing190.4%613,134-678,577554,307279,052207,512-16,678452,193-86,970-885,543653,015-398,978-679,936-194,569-187,128800,73165,288-195,627-203,833476,693-190,612-85,402
  Dividend Payments0.7%172,835171,649172,055171,270171,533171,535171,463170,488170,372170,264171,551171,566172,332172,333172,275171,964166,667166,666166,599166,362166,364

BXP Income Statement

2023-12-31
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 revenue3,273,5693,108,5812,888,621
Expenses   
Rental1,183,9471,108,0701,021,151
General and administrative170,158146,378151,573
Transaction costs4,3132,9055,036
Depreciation and amortization830,813749,775717,336
Total expenses2,239,2272,050,0561,920,581
Other income (expense)   
Loss from unconsolidated joint ventures(239,543)(59,840)(2,570)
Gains on sales of real estate517437,019123,660
Gain on sales-type lease010,0580
Interest and other income (loss)69,96411,9405,704
Other Income - assignment fee06,6240
Gains (losses) from investments in securities5,556(6,453)5,626
Losses from interest rate contracts(79)00
Unrealized Gain (Loss) on Investments239(150)0
Losses from early extinguishment of debt00(45,182)
Interest expense(579,572)(437,139)(423,346)
Net Income (loss)291,4241,020,584631,932
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.190,215848,947505,195
Preferred dividends / distributions00(2,560)
Preferred Stock Redemption Charge00(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)156,863156,726156,116
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)157,201157,137156,376
Boston Properties Limited Partnership   
Revenue   
Lease$ 3,054,673$ 2,918,368$ 2,753,014
Total revenue3,273,5693,108,5812,888,621
Expenses   
Rental1,183,9471,108,0701,021,151
General and administrative170,158146,378151,573
Transaction costs4,3132,9055,036
Depreciation and amortization823,805742,293 
Total expenses2,232,2192,042,5741,912,280
Other income (expense)   
Loss from unconsolidated joint ventures(239,543)(59,840)(2,570)
Gains on sales of real estate517441,075125,198
Gain on sales-type lease010,0580
Interest and other income (loss)69,96411,9405,704
Other Income - assignment fee06,6240
Gains (losses) from investments in securities5,556(6,453)5,626
Losses from interest rate contracts(79)00
Unrealized Gain (Loss) on Investments239(150)0
Losses from early extinguishment of debt00(45,182)
Interest expense(579,572)(437,139)(423,346)
Net Income (loss)298,4321,032,122641,771
Net income attributable to noncontrolling interests   
Noncontrolling interests in property partnerships(78,661)(74,857)(70,806)
Net income attributable to Boston Properties, Inc.219,771957,265570,965
Preferred dividends / distributions00(2,560)
Preferred Stock Redemption Charge00(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)174,796174,360173,150
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)175,134174,771173,410
Parking and Other [Member]   
Revenue   
Other revenue$ 112,918$ 107,225$ 81,814
Parking and Other [Member] | Boston Properties Limited Partnership   
Revenue   
Other revenue112,918107,22581,814
Hotel [Member]   
Revenue   
Other revenue[1]47,35739,48213,609
Expenses   
Operating expense32,22527,47812,998
Hotel [Member] | Boston Properties Limited Partnership   
Revenue   
Other revenue47,35739,48213,609
Expenses   
Operating expense32,22527,47812,998
Management Service [Member]   
Revenue   
Other revenue40,85028,05627,697
Management Service [Member] | Boston Properties Limited Partnership   
Revenue   
Other revenue40,85028,05627,697
Real Estate, Other [Member]   
Revenue   
Other revenue17,77115,45012,487
Expenses   
Operating expense17,77115,45012,487
Real Estate, Other [Member] | Boston Properties Limited Partnership   
Revenue   
Other revenue17,77115,45012,487
Expenses   
Operating expense$ 17,771$ 15,450$ 12,487
[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.

BXP Balance Sheet

2023-12-31
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)401,680237,510
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]324,298167,351
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 estate20,593,45919,496,442
Cash and cash equivalents (amounts related to VIEs of $245,317 and $259,658 at December 31, 2023 and December 31, 2022, respectively)1,531,477690,333
Cash held in escrows (amounts related to VIEs of $22,160 and $0 at December 31, 2023 and December 31, 2022, respectively)81,09046,479
Investments in securities36,33732,277
Tenant and other receivables, net (amounts related to VIEs of $27,987 and $16,521 at December 31, 2023 and December 31, 2022, respectively)122,40781,389
Note receivable, net1,7140
Sales-type lease receivable, net13,70412,811
Accrued rental income, net (amounts related to VIEs of $401,159 and $367,138 at December 31, 2023 and December 31, 2022, respectively)1,355,2121,276,580
Deferred charges, net (amounts related to VIEs of $175,383 and $176,597 at December 31, 2023 and December 31, 2022, respectively)760,421733,282
Prepaid expenses and other assets (amounts related to VIEs of $11,824 and $11,647 at December 31, 2023 and December 31, 2022, respectively)64,23043,589
Investments in unconsolidated joint ventures1,377,3191,715,911
Total assets26,026,14924,207,669
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)4,166,3793,272,368
Unsecured senior notes, net10,491,61710,237,968
Unsecured line of credit00
Unsecured term loan, net1,198,301730,000
Lease liabilities - finance leases (amounts related to VIEs of $20,794 and $20,604 at December 31, 2023 and December 31, 2022, respectively)417,961249,335
Lease liabilities - operating leases (amounts related to VIEs of $145,826 and $0 at December 31, 2023 and December 31, 2022, respectively)350,391204,686
Accounts payable and accrued expenses (amounts related to VIEs of $59,667 and $29,466 at December 31, 2023 and December 31, 2022, respectively)458,329417,545
Dividends and distributions payable171,176170,643
Accrued interest payable133,684103,774
Other liabilities (amounts related to VIEs of $115,275 and $114,232 at December 31, 2023 and December 31, 2022, respectively)445,947450,918
Total liabilities17,833,78515,837,237
Redeemable deferred stock units— 119,471 and 97,853 units outstanding at redemption value at December 31, 2023 and December 31, 2022, respectively$ 8,383$ 6,613
Excess stock, shares 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, $0.01 par value, 250,000,000 shares authorized, 157,019,766 and 156,836,767 issued and 156,940,866 and 156,757,867 outstanding at December 31, 2023 and December 31, 2022, respectively1,5691,568
Additional paid-in capital6,715,1496,539,147
Dividends in excess of earnings$ (816,152)$ (391,356)
Treasury common stock at cost, shares78,90078,900
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.5,876,6976,132,919
Noncontrolling interests:  
Common units of the Operating Partnership666,580683,583
Property partnerships1,640,7041,547,317
Total equity / capital8,183,9818,363,819
Total liabilities and equity / capital26,026,14924,207,669
Related Party  
ASSETS  
Related party note receivable, net88,77978,576
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)7,054,0756,789,029
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)21,00021,000
Right of use assets - operating leases (amounts related to VIEs of $158,885 and $0 at December 31, 2023 and December 31, 2022, respectively)158,8850
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)245,317259,658
Cash held in escrows (amounts related to VIEs of $22,160 and $0 at December 31, 2023 and December 31, 2022, respectively)22,1600
Tenant and other receivables, net (amounts related to VIEs of $27,987 and $16,521 at December 31, 2023 and December 31, 2022, respectively)27,98716,521
Accrued rental income, net (amounts related to VIEs of $401,159 and $367,138 at December 31, 2023 and December 31, 2022, respectively)401,159367,138
Deferred charges, net (amounts related to VIEs of $175,383 and $176,597 at December 31, 2023 and December 31, 2022, respectively)175,383176,597
Prepaid expenses and other assets (amounts related to VIEs of $11,824 and $11,647 at December 31, 2023 and December 31, 2022, respectively)11,82411,647
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)3,277,1853,272,368
Lease liabilities - finance leases (amounts related to VIEs of $20,794 and $20,604 at December 31, 2023 and December 31, 2022, respectively)20,79420,604
Lease liabilities - operating leases (amounts related to VIEs of $145,826 and $0 at December 31, 2023 and December 31, 2022, respectively)145,8260
Accounts payable and accrued expenses (amounts related to VIEs of $59,667 and $29,466 at December 31, 2023 and December 31, 2022, respectively)59,66729,466
Other liabilities (amounts related to VIEs of $115,275 and $114,232 at December 31, 2023 and December 31, 2022, respectively)115,275114,232
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)26,382,94425,022,149
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)401,680237,510
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]324,298167,351
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 estate20,350,56119,246,536
Cash and cash equivalents (amounts related to VIEs of $245,317 and $259,658 at December 31, 2023 and December 31, 2022, respectively)1,531,477690,333
Cash held in escrows (amounts related to VIEs of $22,160 and $0 at December 31, 2023 and December 31, 2022, respectively)81,09046,479
Investments in securities36,33732,277
Tenant and other receivables, net (amounts related to VIEs of $27,987 and $16,521 at December 31, 2023 and December 31, 2022, respectively)122,40781,389
Note receivable, net1,7140
Sales-type lease receivable, net13,70412,811
Accrued rental income, net (amounts related to VIEs of $401,159 and $367,138 at December 31, 2023 and December 31, 2022, respectively)1,355,2121,276,580
Deferred charges, net (amounts related to VIEs of $175,383 and $176,597 at December 31, 2023 and December 31, 2022, respectively)760,421733,282
Prepaid expenses and other assets (amounts related to VIEs of $11,824 and $11,647 at December 31, 2023 and December 31, 2022, respectively)64,23043,589
Investments in unconsolidated joint ventures1,377,3191,715,911
Total assets25,783,25123,957,763
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)4,166,3793,272,368
Unsecured senior notes, net10,491,61710,237,968
Unsecured line of credit00
Unsecured term loan, net1,198,301730,000
Lease liabilities - finance leases (amounts related to VIEs of $20,794 and $20,604 at December 31, 2023 and December 31, 2022, respectively)417,961249,335
Lease liabilities - operating leases (amounts related to VIEs of $145,826 and $0 at December 31, 2023 and December 31, 2022, respectively)350,391204,686
Accounts payable and accrued expenses (amounts related to VIEs of $59,667 and $29,466 at December 31, 2023 and December 31, 2022, respectively)458,329417,545
Dividends and distributions payable171,176170,643
Accrued interest payable133,684103,774
Other liabilities (amounts related to VIEs of $115,275 and $114,232 at December 31, 2023 and December 31, 2022, respectively)445,947450,918
Total liabilities17,833,78515,837,237
Redeemable deferred stock units— 119,471 and 97,853 units outstanding at redemption value at December 31, 2023 and December 31, 2022, respectively8,3836,613
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, respectively1,347,5751,280,886
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, respectively4,973,9515,299,428
Accumulated other comprehensive loss(21,147)(13,718)
Total partners’ capital4,952,8045,285,710
Noncontrolling interests in property partnerships1,640,7041,547,317
Noncontrolling interests:  
Total equity / capital6,593,5086,833,027
Total liabilities and equity / capital25,783,25123,957,763
Boston Properties Limited Partnership | Related Party  
ASSETS  
Related party note receivable, net88,77978,576
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)7,054,0756,789,029
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)21,00021,000
Right of use assets - operating leases (amounts related to VIEs of $158,885 and $0 at December 31, 2023 and December 31, 2022, respectively)158,8850
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)245,317259,658
Cash held in escrows (amounts related to VIEs of $22,160 and $0 at December 31, 2023 and December 31, 2022, respectively)22,1600
Tenant and other receivables, net (amounts related to VIEs of $27,987 and $16,521 at December 31, 2023 and December 31, 2022, respectively)27,98716,521
Accrued rental income, net (amounts related to VIEs of $401,159 and $367,138 at December 31, 2023 and December 31, 2022, respectively)401,159367,138
Deferred charges, net (amounts related to VIEs of $175,383 and $176,597 at December 31, 2023 and December 31, 2022, respectively)175,383176,597
Prepaid expenses and other assets (amounts related to VIEs of $11,824 and $11,647 at December 31, 2023 and December 31, 2022, respectively)11,82411,647
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)3,277,1853,272,368
Lease liabilities - finance leases (amounts related to VIEs of $20,794 and $20,604 at December 31, 2023 and December 31, 2022, respectively)20,79420,604
Lease liabilities - operating leases (amounts related to VIEs of $145,826 and $0 at December 31, 2023 and December 31, 2022, respectively)145,8260
Accounts payable and accrued expenses (amounts related to VIEs of $59,667 and $29,466 at December 31, 2023 and December 31, 2022, respectively)59,66729,466
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
[1]See Note 4.
BXP
BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets- Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). Including properties owned by unconsolidated joint ventures, BXP's portfolio totals 54.1 million square feet and 191 properties, including 13 properties under construction/redevelopment.
 CEO
 WEBSITEbxp.com
 INDUSTRYREIT Mortgage
 EMPLOYEES780

Boston Properties Inc Frequently Asked Questions


What is the ticker symbol for Boston Properties Inc? What does BXP stand for in stocks?

BXP is the stock ticker symbol of Boston Properties Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Boston Properties Inc (BXP)?

As of Mon Apr 15 2024, market cap of Boston Properties Inc is 9.21 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BXP stock?

You can check BXP's fair value in chart for subscribers.

What is the fair value of BXP stock?

You can check BXP's fair value in chart for subscribers. The fair value of Boston Properties Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Boston Properties Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BXP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Boston Properties Inc a good stock to buy?

The fair value guage provides a quick view whether BXP is over valued or under valued. Whether Boston Properties Inc is cheap or expensive depends on the assumptions which impact Boston Properties Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BXP.

What is Boston Properties Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, BXP's PE ratio (Price to Earnings) is 48.4 and Price to Sales (PS) ratio is 2.81. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BXP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Boston Properties Inc's stock?

In the past 10 years, Boston Properties Inc has provided -0.039 (multiply by 100 for percentage) rate of return.