Segment Information (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2017 and 2016.

Boston Properties, Inc.

	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
	(in thousands)
Net income attributable to Boston Properties, Inc. common shareholders	$	133,709	$	96,597	$	230,764	$	278,323
Add:
Preferred dividends	2,625		2,589		5,250		5,207
Noncontrolling interest—common units of Boston Properties Limited Partnership	15,473		11,357		26,933		32,771
Noncontrolling interests in property partnerships	15,203		6,814		19,627		17,278
Interest expense	95,143		105,003		190,677		210,312
Depreciation and amortization expense	151,919		153,175		311,124		312,623
Transaction costs	299		913		333		938
General and administrative expense	27,141		25,418		58,527		54,771
Less:
Gains on sales of real estate	3,767		—		3,900		67,623
Gains from early extinguishments of debt	14,354		—		14,354		—
Gains from investments in securities	730		478		1,772		737
Interest and other income	1,504		1,524		2,118		3,029
Income from unconsolidated joint ventures	3,108		2,234		6,192		4,025
Development and management services revenue	7,365		5,533		13,837		12,222
Net Operating Income	$	410,684	$	392,097	$	801,062	$	824,587

Boston Properties Limited Partnership

	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
	(in thousands)
Net income attributable to Boston Properties Limited Partnership common unitholders	$	151,844	$	109,938	$	262,506	$	317,234
Add:
Preferred distributions	2,625		2,589		5,250		5,207
Noncontrolling interests in property partnerships	15,203		6,814		19,627		17,278
Interest expense	95,143		105,003		190,677		210,312
Depreciation and amortization expense	149,834		151,191		306,892		308,652
Transaction costs	299		913		333		938
General and administrative expense	27,141		25,418		58,527		54,771
Less:
Gains on sales of real estate	4,344		—		4,477		69,792
Gains from early extinguishments of debt	14,354		—		14,354		—
Gains from investments in securities	730		478		1,772		737
Interest and other income	1,504		1,524		2,118		3,029
Income from unconsolidated joint ventures	3,108		2,234		6,192		4,025
Development and management services revenue	7,365		5,533		13,837		12,222
Net Operating Income	$	410,684	$	392,097	$	801,062	$	824,587

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 June 30, 2017:

	Boston			New York			San Francisco			Washington, DC			Total
Rental Revenue:
Office	$	191,760		$	251,844		$	85,483		$	102,870		$	631,957
Residential	1,153			—			—			3,057			4,210
Hotel	13,375			—			—			—			13,375
Total	206,288			251,844			85,483			105,927			649,542
% of Grand Totals	31.76		%	38.77		%	13.16		%	16.31		%	100.00		%
Rental Expenses:
Office	74,160			93,110			25,938			35,611			228,819
Residential	545			—			—			1,090			1,635
Hotel	8,404			—			—			—			8,404
Total	83,109			93,110			25,938			36,701			238,858
% of Grand Totals	34.79		%	38.98		%	10.86		%	15.37		%	100.00		%
Net operating income	$	123,179		$	158,734		$	59,545		$	69,226		$	410,684
% of Grand Totals	29.99		%	38.65		%	14.50		%	16.86		%	100.00		%

For the three months ended June 30, 2016:

	Boston			New York			San Francisco			Washington, DC			Total
Rental Revenue:
Office	$	179,048		$	243,957		$	78,524		$	99,588		$	601,117
Residential	1,180			—			—			2,908			4,088
Hotel	12,808			—			—			—			12,808
Total	193,036			243,957			78,524			102,496			618,013
% of Grand Totals	31.24		%	39.47		%	12.71		%	16.58		%	100.00		%
Rental Expenses:
Office	68,754			88,749			25,470			33,359			216,332
Residential	513			—			—			1,093			1,606
Hotel	7,978			—			—			—			7,978
Total	77,245			88,749			25,470			34,452			225,916
% of Grand Totals	34.19		%	39.29		%	11.27		%	15.25		%	100.00		%
Net operating income	$	115,791		$	155,208		$	53,054		$	68,044		$	392,097
% of Grand Totals	29.53		%	39.59		%	13.53		%	17.35		%	100.00		%

For the six months ended June 30, 2017:

	Boston			New York			San Francisco			Washington, DC			Total
Rental Revenue:
Office	$	377,196		$	493,414		$	170,124		$	205,603		$	1,246,337
Residential	2,292			—			—			5,874			8,166
Hotel	20,795			—			—			—			20,795
Total	400,283			493,414			170,124			211,477			1,275,298
% of Grand Totals	31.39		%	38.69		%	13.34		%	16.58		%	100.00		%
Rental Expenses:
Office	149,416			184,794			50,412			70,933			455,555
Residential	1,040			—			—			2,146			3,186
Hotel	15,495			—			—			—			15,495
Total	165,951			184,794			50,412			73,079			474,236
% of Grand Totals	34.99		%	38.97		%	10.63		%	15.41		%	100.00		%
Net operating income	$	234,332		$	308,620		$	119,712		$	138,398		$	801,062
% of Grand Totals	29.25		%	38.53		%	14.94		%	17.28		%	100.00		%

For the six months ended June 30, 2016:

	Boston			New York			San Francisco			Washington, DC			Total
Rental Revenue:
Office	$	356,875		$	535,815		$	154,841		$	200,076		$	1,247,607
Residential	2,351			—			—			5,786			8,137
Hotel	21,565			—			—			—			21,565
Total	380,791			535,815			154,841			205,862			1,277,309
% of Grand Totals	29.81		%	41.95		%	12.12		%	16.12		%	100.00		%
Rental Expenses:
Office	139,441			177,547			49,375			67,541			433,904
Residential	1,033			—			—			2,173			3,206
Hotel	15,612			—			—			—			15,612
Total	156,086			177,547			49,375			69,714			452,722
% of Grand Totals	34.47		%	39.22		%	10.91		%	15.40		%	100.00		%
Net operating income	$	224,705		$	358,268		$	105,466		$	136,148		$	824,587
% of Grand Totals	27.25		%	43.45		%	12.79		%	16.51		%	100.00		%