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Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Schedule Of Reconciliation Of Net Operating Income To Net Income
The following tables present reconciliations of Net Income Attributable to Boston Properties, Inc. Common Shareholders to Net Operating Income and Net Income Attributable to Boston Properties Limited Partnership Common Unitholders to Net Operating Income for the three months ended March 31, 2017 and 2016.
Boston Properties, Inc.
 
Three months ended March 31,
 
2017
 
2016
 
(in thousands)
Net income attributable to Boston Properties, Inc. common shareholders
$
97,083

 
$
181,747

Add:
 
 
 
Preferred dividends
2,625

 
2,618

Noncontrolling interest—common units of Boston Properties Limited Partnership
11,432

 
21,393

Noncontrolling interests in property partnerships
4,424

 
10,464

Interest expense
95,534

 
105,309

Depreciation and amortization expense
159,205

 
159,448

Transaction costs
34

 
25

General and administrative expense
31,386

 
29,353

Less:
 
 
 
Gains on sales of real estate
133

 
67,623

Gains from investments in securities
1,042

 
259

Interest and other income
614

 
1,505

Income from unconsolidated joint ventures
3,084

 
1,791

Development and management services revenue
6,472

 
6,689

Net Operating Income
$
390,378

 
$
432,490

Boston Properties Limited Partnership
 
Three months ended March 31,
 
2017
 
2016
 
(in thousands)
Net income attributable to Boston Properties Limited Partnership common unitholders
110,662

 
207,296

Add:
 
 
 
Preferred distributions
2,625

 
2,618

Noncontrolling interests in property partnerships
4,424

 
10,464

Interest expense
95,534

 
105,309

Depreciation and amortization expense
157,058

 
157,461

Transaction costs
34

 
25

General and administrative expense
31,386

 
29,353

Less:
 
 
 
Gains on sales of real estate
133

 
69,792

Gains from investments in securities
1,042

 
259

Interest and other income
614

 
1,505

Income from unconsolidated joint ventures
3,084

 
1,791

Development and management services revenue
6,472

 
6,689

Net Operating Income
$
390,378

 
$
432,490

Schedule Of Segment Information By Geographic Area And Property Type
Information by geographic area and property type (dollars in thousands):
For the three months ended March 31, 2017:
 
Boston
 
New York
 
San Francisco
 
Washington, DC
 
Total
Rental Revenue:
 
 
 
 
 
 
 
 
 
Office
$
185,436

 
$
241,570

 
$
84,641

 
$
102,733

 
$
614,380

Residential
1,139

 

 

 
2,817

 
3,956

Hotel
7,420

 

 

 

 
7,420

Total
193,995

 
241,570

 
84,641

 
105,550

 
625,756

% of Grand Totals
31.00
%
 
38.60
%
 
13.53
%
 
16.87
%
 
100.00
%
Rental Expenses:
 
 
 
 
 
 
 
 
 
Office
75,256

 
91,684

 
24,474

 
35,322

 
226,736

Residential
495

 

 

 
1,056

 
1,551

Hotel
7,091

 

 

 

 
7,091

Total
82,842

 
91,684

 
24,474

 
36,378

 
235,378

% of Grand Totals
35.19
%
 
38.95
%
 
10.40
%
 
15.46
%
 
100.00
%
Net operating income
$
111,153

 
$
149,886

 
$
60,167

 
$
69,172

 
$
390,378

% of Grand Totals
28.47
%
 
38.40
%
 
15.41
%
 
17.72
%
 
100.00
%
For the three months ended March 31, 2016:
 
Boston
 
New York
 
San Francisco
 
Washington, DC
 
Total
Rental Revenue:
 
 
 
 
 
 
 
 
 
Office
$
177,827

 
$
291,858

 
$
76,317

 
$
100,488

 
$
646,490

Residential
1,171

 

 

 
2,878

 
4,049

Hotel
8,757

 

 

 

 
8,757

Total
187,755

 
291,858

 
76,317

 
103,366

 
659,296

% of Grand Totals
28.48
%
 
44.27
%
 
11.57
%
 
15.68
%
 
100.00
%
Rental Expenses:
 
 
 
 
 
 
 
 
 
Office
70,687

 
88,798

 
23,905

 
34,182

 
217,572

Residential
520

 

 

 
1,080

 
1,600

Hotel
7,634

 

 

 

 
7,634

Total
78,841

 
88,798

 
23,905

 
35,262

 
226,806

% of Grand Totals
34.76
%
 
39.15
%
 
10.54
%
 
15.55
%
 
100.00
%
Net operating income
$
108,914

 
$
203,060

 
$
52,412

 
$
68,104

 
$
432,490

% of Grand Totals
25.18
%
 
46.95
%
 
12.12
%
 
15.75
%
 
100.00
%