Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

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 the Company's share of Net Operating Income and Net Income Attributable to Boston Properties Limited Partnership Common Unitholders to the Company's share of Net Operating Income for the three months ended March 31, 2019 and 2018.

Boston Properties, Inc.

	Three months ended March 31,
	2019			2018
	(in thousands)
Net income attributable to Boston Properties, Inc. common shareholders	$	98,105		$	176,021
Add:
Preferred dividends	2,625			2,625
Noncontrolling interest—common units of Boston Properties Limited Partnership	11,599			20,432
Noncontrolling interests in property partnerships	18,830			17,234
Interest expense	101,009			90,220
Impairment loss	24,038			—
Net operating income from unconsolidated joint ventures	25,349			16,060
Depreciation and amortization expense	164,594			165,797
Transaction costs	460			21
Payroll and related costs from management services contracts	3,395			2,885
General and administrative expense	41,762			35,894
Less:
Net operating income attributable to noncontrolling interests in property partnerships	47,085			45,909
Gains (losses) from investments in securities	2,969			(126		)
Interest and other income	3,753			1,648
(Losses) gains on sales of real estate	(905		)	96,397
Income from unconsolidated joint ventures	213			461
Direct reimbursements of payroll and related costs from management services contracts	3,395			2,885
Development and management services revenue	9,277			8,405
Company's share of Net Operating Income	$	425,979		$	371,610

Boston Properties Limited Partnership

	Three months ended March 31,
	2019			2018
	(in thousands)
Net income attributable to Boston Properties Limited Partnership common unitholders	$	113,382		$	200,907
Add:
Preferred distributions	2,625			2,625
Noncontrolling interests in property partnerships	18,830			17,234
Interest expense	101,009			90,220
Impairment loss	22,272			—
Net operating income from unconsolidated joint ventures	25,349			16,060
Depreciation and amortization expense	162,682			163,853
Transaction costs	460			21
Payroll and related costs from management services contracts	3,395			2,885
General and administrative expense	41,762			35,894
Less:
Net operating income attributable to noncontrolling interests in property partnerships	47,085			45,909
Gains (losses) from investments in securities	2,969			(126		)
Interest and other income	3,753			1,648
(Losses) gains on sales of real estate	(905		)	98,907
Income from unconsolidated joint ventures	213			461
Direct reimbursements of payroll and related costs from management services contracts	3,395			2,885
Development and management services revenue	9,277			8,405
Company's share of Net Operating Income	$	425,979		$	371,610

Schedule Of Segment Information By Geographic Area And Property Type

Information by geographic area (dollars in thousands):

For the three months ended March 31, 2019:

	Boston			Los Angeles			New York			San Francisco			Washington, DC			Total
Rental Revenue: (1)
Office	$	217,411		$	—		$	258,631		$	124,055		$	96,345		$	696,442
Residential	2,701			—			—			—			5,014			7,715
Hotel	8,938			—			—			—			—			8,938
Total	229,050			—			258,631			124,055			101,359			713,095
% of Grand Totals	32.12		%	—		%	36.27		%	17.40		%	14.21		%	100.00		%
Rental Expenses:
Office	79,500			—			96,971			41,125			36,147			253,743
Residential	1,206			—			—			—			2,568			3,774
Hotel	7,863			—			—			—			—			7,863
Total	88,569			—			96,971			41,125			38,715			265,380
% of Grand Totals	33.37		%	—		%	36.54		%	15.50		%	14.59		%	100.00		%
Net operating income	$	140,481		$	—		$	161,660		$	82,930		$	62,644		$	447,715
% of Grand Totals	31.38		%	—		%	36.11		%	18.52		%	13.99		%	100.00		%
Less: Net operating income attributable to noncontrolling interests in property partnerships	(9,373		)	—			(37,264		)	(448		)	—			(47,085		)
Add: Company's share of net operating income from unconsolidated joint ventures	772			15,708			1,786			—			7,083			25,349
Company's share of net operating income	$	131,880		$	15,708		$	126,182		$	82,482		$	69,727		$	425,979
% of Grand Totals	30.96		%	3.69		%	29.62		%	19.36		%	16.37		%	100.00		%

 _______________

(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.

For the three months ended March 31, 2018:

	Boston			Los Angeles			New York			San Francisco			Washington, DC			Total
Rental Revenue: (1)
Office	$	204,997		$	—		$	242,398		$	89,893		$	99,312		$	636,600
Residential	1,152			—			—			—			3,007			4,159
Hotel	9,102			—			—			—			—			9,102
Total	215,251			—			242,398			89,893			102,319			649,861
% of Grand Totals	33.12		%	—		%	37.31		%	13.83		%	15.74		%	100.00		%
Rental Expenses:
Office	80,324			—			93,762			27,628			36,343			238,057
Residential	514			—			—			—			1,758			2,272
Hotel	8,073			—			—			—			—			8,073
Total	88,911			—			93,762			27,628			38,101			248,402
% of Grand Totals	35.79		%	—		%	37.75		%	11.12		%	15.34		%	100.00		%
Net operating income	$	126,340		$	—		$	148,636		$	62,265		$	64,218		$	401,459
% of Grand Totals	31.47		%	—		%	37.02		%	15.51		%	16.00		%	100.00		%
Less: Net operating income attributable to noncontrolling interests in property partnerships	(8,129		)	—			(37,946		)	166			—			(45,909		)
Add: Company's share of net operating income from unconsolidated joint ventures	534			7,074			1,661			—			6,791			16,060
Company's share of net operating income	$	118,745		$	7,074		$	112,351		$	62,431		$	71,009		$	371,610
% of Grand Totals	31.96		%	1.90		%	30.23		%	16.80		%	19.11		%	100.00		%

 _______________

(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.