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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Lease $ 692,225   $ 2,051,665  
Base rent   $ 525,875   $ 1,561,821
Recoveries from tenants   102,424   292,801
Total revenue 743,553 686,284 2,203,061 2,011,919
Expenses        
Rental 265,603 247,989 781,091 726,108
General and administrative 31,147 29,677 107,980 94,039
Transaction costs 538 914 1,415 1,409
Depreciation and amortization 165,862 157,996 507,867 480,210
Total expenses 474,322 447,920 1,432,266 1,334,779
Other income (expense)        
Income (loss) from unconsolidated joint ventures (649) (4,313) 47,528 (3,083)
Gains (losses) on sales of real estate (15) 7,863 766 122,552
Interest and other income 7,178 2,822 14,546 7,049
Gains (losses) from investments in securities 106 1,075 4,240 1,454
Impairment loss 0 0 (24,038) 0
Loss from early extinguishment of debt (28,010) 0 (28,010) 0
Interest expense (106,471) (95,366) (309,837) (277,790)
Net income 141,370 150,445 475,990 527,322
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (18,470) (14,850) (54,782) (46,484)
Noncontrolling interest—common units of Boston Properties Limited Partnership (12,504) (13,852) (43,133) (49,128)
Net income attributable to the Company 110,396 121,743 378,075 431,710
Preferred dividends / distributions (2,625) (2,625) (7,875) (7,875)
Net income attributable to the Company's common shareholders / unitholders $ 107,771 $ 119,118 $ 370,200 $ 423,835
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Earnings Per Share, Basic $ 0.70 $ 0.77 $ 2.40 $ 2.74
Weighted average number of common shares / units outstanding 154,577 154,440 154,553 154,414
Diluted earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.70 $ 0.77 $ 2.39 $ 2.74
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 154,820 154,678 154,847 154,652
Boston Properties Limited Partnership        
Revenue        
Lease $ 692,225   $ 2,051,665  
Base rent   $ 525,875   $ 1,561,821
Recoveries from tenants   102,424   292,801
Total revenue 743,553 686,284 2,203,061 2,011,919
Expenses        
Rental 265,603 247,989 781,091 726,108
General and administrative 31,147 29,677 107,980 94,039
Transaction costs 538 914 1,415 1,409
Depreciation and amortization 164,020 156,056 501,901 474,383
Total expenses 472,480 445,980 1,426,300 1,328,952
Other income (expense)        
Income (loss) from unconsolidated joint ventures (649) (4,313) 47,528 (3,083)
Gains (losses) on sales of real estate (15) 9,154 915 126,831
Interest and other income 7,178 2,822 14,546 7,049
Gains (losses) from investments in securities 106 1,075 4,240 1,454
Impairment loss 0 0 (22,272) 0
Loss from early extinguishment of debt (28,010) 0 (28,010) 0
Interest expense (106,471) (95,366) (309,837) (277,790)
Net income 143,212 153,676 483,871 537,428
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (18,470) (14,850) (54,782) (46,484)
Net income attributable to the Company 124,742 138,826 429,089 490,944
Preferred dividends / distributions (2,625) (2,625) (7,875) (7,875)
Net income attributable to the Company's common shareholders / unitholders $ 122,117 $ 136,201 $ 421,214 $ 483,069
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Earnings Per Share, Basic $ 0.71 $ 0.79 $ 2.45 $ 2.81
Weighted average number of common shares / units outstanding 172,215 171,928 172,183 171,904
Diluted earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.71 $ 0.79 $ 2.44 $ 2.81
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 172,458 172,166 172,477 172,142
Parking and Other [Member]        
Revenue        
Other revenue $ 25,582 $ 26,552 $ 76,807 $ 79,590
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 25,582 26,552 76,807 79,590
Hotel [Member]        
Revenue        
Other revenue [1] 13,014 13,664 36,796 37,373
Expenses        
Operating expense 8,743 8,828 25,686 25,642
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 13,014 13,664 36,796 37,373
Expenses        
Operating expense 8,743 8,828 25,686 25,642
Development and Management Services [Member]        
Revenue        
Other revenue 10,303 15,253 29,566 32,963
Expenses        
Operating expense 2,429 2,516 8,227 7,371
Development and Management Services [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 10,303 15,253 29,566 32,963
Expenses        
Operating expense 2,429 2,516 8,227 7,371
Direct reimbursements of payroll and related costs from management services contracts        
Revenue        
Other revenue 2,429 2,516 8,227 7,371
Expenses        
Rental 261,592 244,265 769,184 717,199
Direct reimbursements of payroll and related costs from management services contracts | Boston Properties Limited Partnership        
Revenue        
Other revenue $ 2,429 $ 2,516 $ 8,227 $ 7,371
[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.