XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements Of Operations - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Lease $ 684,025,000 $ 630,119,000 $ 1,369,842,000 $ 1,340,230,000
Total revenue 713,807,000 654,773,000 1,427,502,000 1,407,329,000
Expenses        
Rental 248,703,000 239,787,000 506,092,000 502,753,000
General and administrative 38,405,000 37,743,000 83,364,000 74,197,000
Transaction costs 751,000 332,000 1,082,000 947,000
Depreciation and amortization 183,838,000 178,188,000 360,403,000 349,282,000
Total expenses 476,348,000 460,507,000 961,148,000 941,694,000
Other income (expense)        
Income (Loss) from Unconsolidated Joint Ventures (1,373,000) 1,832,000 3,852,000 1,463,000
Gains (losses) on sales of real estate 7,756,000 203,767,000 7,756,000 613,932,000
Interest and other income (loss) 1,452,000 1,305,000 2,620,000 4,322,000
Gains (losses) from investments in securities 2,275,000 4,552,000 3,934,000 (893,000)
Loss from early extinguishment of debt 0 0 (898,000) 0
Interest expense (106,319,000) (107,142,000) (214,221,000) (208,733,000)
Net income 141,250,000 298,580,000 269,397,000 875,726,000
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (17,164,000) 767,000 (33,631,000) (18,719,000)
Noncontrolling interest - common units of the Operating Partnership (12,383,000) (30,197,000) (23,422,000) (87,525,000)
Net income attributable to the Company 111,703,000 269,150,000 212,344,000 769,482,000
Preferred dividends / distributions 0 (2,625,000) (2,560,000) (5,250,000)
Preferred Stock Redemption Charge 0 0 (6,412,000) 0
Net income attributable to the Company's common shareholders / unitholders $ 111,703,000 $ 266,525,000 $ 203,372,000 $ 764,232,000
Basic earnings per common share / unit attributable to the Company        
Earnings Per Share After Allccation of Undistributed Earnings to Particiapting Securities Basic (dollars per share) $ 0.72 $ 1.71 $ 1.30 $ 4.92
Weighted average number of common shares / units outstanding (in shares / units) 156,107 155,386 156,016 155,199
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.71 $ 1.71 $ 1.30 $ 4.91
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 156,519 155,407 156,307 155,333
Boston Properties Limited Partnership        
Revenue        
Lease $ 684,025,000 $ 630,119,000 $ 1,369,842,000 $ 1,340,230,000
Total revenue 713,807,000 654,773,000 1,427,502,000 1,407,329,000
Expenses        
Rental 248,703,000 239,787,000 506,092,000 502,753,000
General and administrative 38,405,000 37,743,000 83,364,000 74,197,000
Transaction costs 751,000 332,000 1,082,000 947,000
Depreciation and amortization 182,078,000 176,409,000 355,578,000 345,694,000
Total expenses 474,588,000 458,728,000 956,323,000 938,106,000
Other income (expense)        
Income (Loss) from Unconsolidated Joint Ventures (1,373,000) 1,832,000 3,852,000 1,463,000
Gains (losses) on sales of real estate 7,756,000 207,241,000 7,756,000 626,895,000
Interest and other income (loss) 1,452,000 1,305,000 2,620,000 4,322,000
Gains (losses) from investments in securities 2,275,000 4,552,000 3,934,000 (893,000)
Loss from early extinguishment of debt 0 0 (898,000) 0
Interest expense (106,319,000) (107,142,000) (214,221,000) (208,733,000)
Net income 143,010,000 303,833,000 274,222,000 892,277,000
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (17,164,000) 767,000 (33,631,000) (18,719,000)
Net income attributable to the Company 125,846,000 304,600,000 240,591,000 873,558,000
Preferred dividends / distributions 0 (2,625,000) (2,560,000) (5,250,000)
Preferred Stock Redemption Charge 0 0 (6,412,000) 0
Net income attributable to the Company's common shareholders / unitholders $ 125,846,000 $ 301,975,000 $ 231,619,000 $ 868,308,000
Basic earnings per common share / unit attributable to the Company        
Earnings Per Share After Allccation of Undistributed Earnings to Particiapting Securities Basic (dollars per share) $ 0.73 $ 1.75 $ 1.34 $ 5.02
Weighted average number of common shares / units outstanding (in shares / units) 173,150 172,659 173,034 172,604
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.73 $ 1.75 $ 1.34 $ 5.02
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 173,562 172,680 173,325 172,738
Parking and Other [Member]        
Revenue        
Other revenue $ 18,282,000 $ 13,946,000 $ 35,220,000 $ 38,450,000
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 18,282,000 13,946,000 35,220,000 38,450,000
Hotel [Member]        
Revenue        
Other revenue [1] 1,561,000 99,000 2,193,000 6,924,000
Expenses        
Operating expense 1,996,000 1,973,000 4,047,000 8,794,000
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 1,561,000 99,000 2,193,000 6,924,000
Expenses        
Operating expense 1,996,000 1,973,000 4,047,000 8,794,000
Real Estate, Other [Member]        
Revenue        
Other revenue 2,655,000 2,484,000 6,160,000 5,721,000
Expenses        
Operating expense 2,655,000 2,484,000 6,160,000 5,721,000
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 2,655,000 2,484,000 6,160,000 5,721,000
Expenses        
Operating expense 2,655,000 2,484,000 6,160,000 5,721,000
Management Service [Member]        
Revenue        
Other revenue 7,284,000 8,125,000 14,087,000 16,004,000
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue $ 7,284,000 $ 8,125,000 $ 14,087,000 $ 16,004,000
[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.