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Consolidated Statements Of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Lease $ 692,260,000 $ 666,674,000 $ 2,062,102,000 $ 2,006,904,000
Total revenue 730,056,000 693,268,000 2,157,558,000 2,100,597,000
Expenses        
Rental 258,281,000 258,261,000 764,373,000 761,014,000
General and administrative 34,560,000 27,862,000 117,924,000 102,059,000
Transaction costs 1,888,000 307,000 2,970,000 1,254,000
Depreciation and amortization 179,412,000 166,456,000 539,815,000 515,738,000
Total expenses 481,093,000 458,946,000 1,442,241,000 1,400,640,000
Other income (expense)        
Income (Loss) from Unconsolidated Joint Ventures (5,597,000) (6,873,000) (1,745,000) (5,410,000)
Gains (losses) on sales of real estate 348,000 (209,000) 8,104,000 613,723,000
Interest and other income (loss) 1,520,000 (45,000) 4,140,000 4,277,000
Gains (losses) from investments in securities (190,000) 1,858,000 3,744,000 965,000
Loss from early extinguishment of debt 0 0 (898,000) 0
Interest expense (105,794,000) (110,993,000) (320,015,000) (319,726,000)
Net income 139,250,000 118,060,000 408,647,000 993,786,000
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (18,971,000) (15,561,000) (52,602,000) (34,280,000)
Noncontrolling interest - common units of the Operating Partnership (11,982,000) (10,020,000) (35,393,000) (97,090,000)
Net income attributable to the Company 108,297,000 92,479,000 320,652,000 862,416,000
Preferred dividends / distributions 0 (2,625,000) (2,560,000) (7,875,000)
Preferred Stock Redemption Charge 0 0 (6,412,000) 0
Net income attributable to the Company's common shareholders / unitholders $ 108,297,000 $ 89,854,000 $ 311,680,000 $ 854,541,000
Basic earnings per common share / unit attributable to the Company        
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share) $ 0.69 $ 0.58 $ 2.00 $ 5.49
Weighted average number of common shares / units outstanding (in shares / units) 156,183 155,645 156,062 155,349
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.69 $ 0.58 $ 1.99 $ 5.49
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 156,598 155,670 156,394 155,447
Boston Properties Limited Partnership        
Revenue        
Lease $ 692,260,000 $ 666,674,000 $ 2,062,102,000 $ 2,006,904,000
Total revenue 730,056,000 693,268,000 2,157,558,000 2,100,597,000
Expenses        
Rental 258,281,000 258,261,000 764,373,000 761,014,000
General and administrative 34,560,000 27,862,000 117,924,000 102,059,000
Transaction costs 1,888,000 307,000 2,970,000 1,254,000
Depreciation and amortization 177,677,000 164,706,000 533,255,000 510,400,000
Total expenses 479,358,000 457,196,000 1,435,681,000 1,395,302,000
Other income (expense)        
Income (Loss) from Unconsolidated Joint Ventures (5,597,000) (6,873,000) (1,745,000) (5,410,000)
Gains (losses) on sales of real estate 348,000 (209,000) 8,104,000 626,686,000
Interest and other income (loss) 1,520,000 (45,000) 4,140,000 4,277,000
Gains (losses) from investments in securities (190,000) 1,858,000 3,744,000 965,000
Loss from early extinguishment of debt 0 0 (898,000) 0
Interest expense (105,794,000) (110,993,000) (320,015,000) (319,726,000)
Net income 140,985,000 119,810,000 415,207,000 1,012,087,000
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (18,971,000) (15,561,000) (52,602,000) (34,280,000)
Net income attributable to the Company 122,014,000 104,249,000 362,605,000 977,807,000
Preferred dividends / distributions 0 (2,625,000) (2,560,000) (7,875,000)
Preferred Stock Redemption Charge 0 0 (6,412,000) 0
Net income attributable to the Company's common shareholders / unitholders $ 122,014,000 $ 101,624,000 $ 353,633,000 $ 969,932,000
Basic earnings per common share / unit attributable to the Company        
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share) $ 0.70 $ 0.59 $ 2.04 $ 5.61
Weighted average number of common shares / units outstanding (in shares / units) 173,194 172,677 173,078 172,628
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.70 $ 0.59 $ 2.04 $ 5.61
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 173,609 172,702 173,410 172,726
Parking and Other [Member]        
Revenue        
Other revenue $ 23,507,000 $ 16,327,000 $ 58,727,000 $ 54,777,000
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 23,507,000 16,327,000 58,727,000 54,777,000
Hotel [Member]        
Revenue        
Other revenue [1] 5,189,000 90,000 7,382,000 7,014,000
Expenses        
Operating expense 3,946,000 3,164,000 7,993,000 11,958,000
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 5,189,000 90,000 7,382,000 7,014,000
Expenses        
Operating expense 3,946,000 3,164,000 7,993,000 11,958,000
Real Estate, Other [Member]        
Revenue        
Other revenue 3,006,000 2,896,000 9,166,000 8,617,000
Expenses        
Operating expense 3,006,000 2,896,000 9,166,000 8,617,000
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 3,006,000 2,896,000 9,166,000 8,617,000
Expenses        
Operating expense 3,006,000 2,896,000 9,166,000 8,617,000
Management Service [Member]        
Revenue        
Other revenue 6,094,000 7,281,000 20,181,000 23,285,000
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue $ 6,094,000 $ 7,281,000 $ 20,181,000 $ 23,285,000
[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.