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Real Estate Activity During The Nine Months Ended September 30, 2012 (Tables)
9 Months Ended
Sep. 30, 2012
Estimated Amortization Of Acquired Above-Market Leases (Net Of Acquired Below-Market Leases) And Acquired In-Place Lease Intangible
     Acquired In-Place
Lease Intangibles
     Acquired Net Below-
Market Lease Intangibles
 

Period from October 1, 2012 through December 31, 2012

   $ 2,533       $ 930   

2013

     10,084         3,709   

2014

     7,869         3,374   

2015

     5,927         2,885   

2016

     5,199         2,512   
Pro Forma In Connection With Acquisition
Pro Forma    Nine months ended
September 30,
 
(in thousands, except per share data)    2012      2011  

Total revenue

   $ 1,403,155       $ 1,348,017   

Income from continuing operations

   $ 221,617       $ 205,720   

Net income attributable to Boston Properties, Inc.

   $ 243,553       $ 177,788   

Basic earnings per share:

     

Net income per share attributable to Boston Properties, Inc.

   $ 1.63       $ 1.23   

Diluted earnings per share:

     

Net income per share attributable to Boston Properties, Inc.

   $ 1.62       $ 1.22   
Summary Of Discontinued Operations Related To Montvale And Bedford Office Park
     For the three months
ended September 30,
    For the nine months
ended September 30,
 
     2012      2011     2012     2011  
     (in thousands)  

Total revenue

   $ —         $ 2,710      $ 3,748      $ 7,887   

Expenses

         

Operating

     —           1,209        1,602        3,531   

Depreciation and amortization

     —           821        1,040        2,477   
  

 

 

    

 

 

   

 

 

   

 

 

 

Total expenses

     —           2,030        2,642        6,008   

Operating income

     —           680        1,106        1,879   

Other expense

         

Interest expense

     —           (660     (222     (1,939
  

 

 

    

 

 

   

 

 

   

 

 

 

Income (loss) from discontinued operations

   $ —         $ 20      $ 884      $ (60

Noncontrolling interest in income (loss) from discontinued operations—common units of the Operating Partnership

     —           (2     (93     8   
  

 

 

    

 

 

   

 

 

   

 

 

 

Income (loss) from discontinued operations attributable to Boston Properties, Inc.

   $ —         $ 18      $ 791      $ (52
  

 

 

    

 

 

   

 

 

   

 

 

 

Gain on sale of real estate from discontinued operations

   $ —         $ —        $ 36,877      $ —     

Gain on forgiveness of debt from discontinued operations

     —           —          17,807        —     

Noncontrolling interest in gain on sale of real estate and gain on forgiveness of debt from discontinued operations—common units of the Operating Partnership

     —           —          (5,999     —     
  

 

 

    

 

 

   

 

 

   

 

 

 

Gain on sale of real estate and gain on forgiveness of debt from discontinued operations attributable to Boston Properties, Inc.

   $ —         $ —        $ 48,685      $ —     
  

 

 

    

 

 

   

 

 

   

 

 

 
453 Ravendale Drive [Member]
 
Schedule Of Allocation Of Aggregate Purchase Price Of Acquisition

Land

   $ 5,477   

Building and improvements

     974   

Tenant improvements

     116   

In-place lease intangibles

     223   

Below-market rents

     (140
  

 

 

 

Net assets acquired

   $ 6,650   
  

 

 

 
100 Federal Street [Member]
 
Schedule Of Allocation Of Aggregate Purchase Price Of Acquisition

Land

   $ 131,067   

Building and improvements

     387,321   

Tenant improvements

     48,633   

In-place lease intangibles

     69,530   

Above-market rents

     81   

Other assets

     4,800   

Below-market rents

     (22,515

Accounts payable and accrued expenses

     (3,917
  

 

 

 

Net assets acquired

   $ 615,000   
  

 

 

 
680 Folsom Street [Member]
 
Schedule Of Allocation Of Aggregate Purchase Price Of Acquisition

 

Construction in progress

   $ 117,046   

Land held for future development

     3,058   

In-place lease intangibles

     32,799   

Deferred financing costs

     245   

Prepaid expenses and other assets

     7,473   

Accounts payable and accrued expenses

     (14,502
  

 

 

 

Net assets acquired

   $ 146,119