v3.25.2
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Lease $ 805,935 $ 790,555 $ 1,617,037 $ 1,579,145
Total revenue 868,457 850,482 1,733,672 1,689,921
Expenses        
Rental 332,062 321,426 663,640 635,583
General and administrative 42,516 44,109 94,800 94,127
Transaction costs 357 189 1,125 702
Depreciation and amortization 223,819 219,542 443,926 438,258
Total expenses 612,223 599,253 1,229,024 1,192,965
Other income (expense)        
Income (loss) from unconsolidated joint ventures (3,324) (5,799) (5,463) 13,387
Gains on sales of real estate 18,390 0 18,390 0
Loss on sales-type lease 0 0 (2,490) 0
Interest and other income (loss) 8,063 10,788 15,813 25,317
Gains (losses) from investments in securities 2,600 315 2,235 2,587
Unrealized gain (loss) on non-real estate investments (39) 58 (522) 454
Impairment loss 0 0 0 (13,615)
Loss from early extinguishment of debt 0 0 (338) 0
Interest expense (162,783) (149,642) (326,227) (311,533)
Net Income 119,141 106,949 206,046 213,553
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (20,100) (17,825) (38,849) (35,046)
Noncontrolling interest - common units of the Operating Partnership (10,064) (9,509) (17,036) (19,009)
Net Income Attributable to the Company $ 88,977 $ 79,615 $ 150,161 $ 159,498
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) $ 0.56 $ 0.51 $ 0.95 $ 1.02
Weighted average number of common shares / units outstanding (in shares / units) 158,312 157,039 158,257 157,011
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.56 $ 0.51 $ 0.95 $ 1.01
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 158,795 157,291 158,713 157,210
Boston Properties Limited Partnership        
Revenue        
Lease $ 805,935 $ 790,555 $ 1,617,037 $ 1,579,145
Total revenue 868,457 850,482 1,733,672 1,689,921
Expenses        
Rental 332,062 321,426 663,640 635,583
General and administrative 42,516 44,109 94,800 94,127
Transaction costs 357 189 1,125 702
Depreciation and amortization 222,116 217,839 440,520 434,858
Total expenses 610,520 597,550 1,225,618 1,189,565
Other income (expense)        
Income (loss) from unconsolidated joint ventures (3,324) (5,799) (5,463) 13,387
Gains on sales of real estate 18,489 0 18,489 0
Loss on sales-type lease 0 0 (2,490) 0
Interest and other income (loss) 8,063 10,788 15,813 25,317
Gains (losses) from investments in securities 2,600 315 2,235 2,587
Unrealized gain (loss) on non-real estate investments (39) 58 (522) 454
Impairment loss 0 0 0 (13,615)
Loss from early extinguishment of debt 0 0 (338) 0
Interest expense (162,783) (149,642) (326,227) (311,533)
Net Income 120,943 108,652 209,551 216,953
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (20,100) (17,825) (38,849) (35,046)
Net Income Attributable to the Company $ 100,843 $ 90,827 $ 170,702 $ 181,907
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) $ 0.57 $ 0.52 $ 0.97 $ 1.04
Weighted average number of common shares / units outstanding (in shares / units) 175,871 175,408 175,812 175,332
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.57 $ 0.52 $ 0.97 $ 1.04
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 176,354 175,660 176,268 175,531
Parking and Other [Member]        
Revenue        
Other revenue $ 34,799 $ 34,615 $ 65,041 $ 66,831
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 34,799 34,615 65,041 66,831
Hotel [Member]        
Revenue        
Other revenue 14,773 14,812 24,370 22,998
Expenses        
Operating expense 9,365 9,839 16,930 15,854
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 14,773 14,812 24,370 22,998
Expenses        
Operating expense 9,365 9,839 16,930 15,854
Management Service [Member]        
Revenue        
Other revenue 8,846 6,352 18,621 12,506
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 8,846 6,352 18,621 12,506
Real Estate, Other [Member]        
Revenue        
Other revenue 4,104 4,148 8,603 8,441
Expenses        
Operating expense 4,104 4,148 8,603 8,441
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 4,104 4,148 8,603 8,441
Expenses        
Operating expense $ 4,104 $ 4,148 $ 8,603 $ 8,441