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Consolidated Statements Of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Lease $ 739,255,000 $ 692,260,000 $ 2,179,274,000 $ 2,062,102,000
Total revenue 790,523,000 730,056,000 2,318,757,000 2,157,558,000
Expenses        
Rental 281,702,000 258,281,000 825,805,000 764,373,000
General and administrative 32,519,000 34,560,000 110,378,000 117,924,000
Transaction costs 1,650,000 1,888,000 2,146,000 2,970,000
Depreciation and amortization 190,675,000 179,412,000 551,445,000 539,815,000
Total expenses 518,994,000 481,093,000 1,520,810,000 1,442,241,000
Other income (expense)        
Loss from Unconsolidated Joint Ventures (3,524,000) (5,597,000) (1,389,000) (1,745,000)
Gains on sales of real estate 262,345,000 348,000 381,293,000 8,104,000
Interest and other income (loss) 3,728,000 1,520,000 6,151,000 4,140,000
Other Income - assignment fee 0 0 6,624,000 0
Gains (losses) from investments in securities (1,571,000) (190,000) (8,549,000) 3,744,000
Loss from early extinguishment of debt 0 0 0 (898,000)
Interest expense (111,846,000) (105,794,000) (317,216,000) (320,015,000)
Net income 420,661,000 139,250,000 864,861,000 408,647,000
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (18,801,000) (18,971,000) (54,896,000) (52,602,000)
Noncontrolling interest - common units of the Operating Partnership (40,883,000) (11,982,000) (82,821,000) (35,393,000)
Net income attributable to the Company 360,977,000 108,297,000 727,144,000 320,652,000
Preferred dividends / distributions 0 0 0 (2,560,000)
Preferred Stock Redemption Charge 0 0 0 (6,412,000)
Net income attributable to the Company's common shareholders / unitholders $ 360,977,000 $ 108,297,000 $ 727,144,000 $ 311,680,000
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) $ 2.30 $ 0.69 $ 4.63 $ 2.00
Weighted average number of common shares / units outstanding (in shares / units) 156,754 156,183 156,708 156,062
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 2.29 $ 0.69 $ 4.62 $ 1.99
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 157,133 156,598 157,144 156,394
Boston Properties Limited Partnership        
Revenue        
Lease $ 739,255,000 $ 692,260,000 $ 2,179,274,000 $ 2,062,102,000
Total revenue 790,523,000 730,056,000 2,318,757,000 2,157,558,000
Expenses        
Rental 281,702,000 258,281,000 825,805,000 764,373,000
General and administrative 32,519,000 34,560,000 110,378,000 117,924,000
Transaction costs 1,650,000 1,888,000 2,146,000 2,970,000
Depreciation and amortization 188,969,000 177,677,000 546,271,000 533,255,000
Total expenses 517,288,000 479,358,000 1,515,636,000 1,435,681,000
Other income (expense)        
Loss from Unconsolidated Joint Ventures (3,524,000) (5,597,000) (1,389,000) (1,745,000)
Gains on sales of real estate 262,357,000 348,000 385,349,000 8,104,000
Interest and other income (loss) 3,728,000 1,520,000 6,151,000 4,140,000
Other Income - assignment fee 0 0 6,624,000 0
Gains (losses) from investments in securities (1,571,000) (190,000) (8,549,000) 3,744,000
Loss from early extinguishment of debt 0 0 0 (898,000)
Interest expense (111,846,000) (105,794,000) (317,216,000) (320,015,000)
Net income 422,379,000 140,985,000 874,091,000 415,207,000
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (18,801,000) (18,971,000) (54,896,000) (52,602,000)
Net income attributable to the Company 403,578,000 122,014,000 819,195,000 362,605,000
Preferred dividends / distributions 0 0 0 (2,560,000)
Preferred Stock Redemption Charge 0 0 0 (6,412,000)
Net income attributable to the Company's common shareholders / unitholders $ 403,578,000 $ 122,014,000 $ 819,195,000 $ 353,633,000
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) $ 2.31 $ 0.70 $ 4.69 $ 2.04
Weighted average number of common shares / units outstanding (in shares / units) 174,416 173,194 174,339 173,078
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 2.30 $ 0.70 $ 4.68 $ 2.04
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 174,795 173,609 174,775 173,410
Parking and Other [Member]        
Revenue        
Other revenue $ 28,154,000 $ 23,507,000 $ 80,234,000 $ 58,727,000
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 28,154,000 23,507,000 80,234,000 58,727,000
Hotel [Member]        
Revenue        
Other revenue [1] 11,749,000 5,189,000 28,395,000 7,382,000
Expenses        
Operating expense 8,548,000 3,946,000 19,832,000 7,993,000
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 11,749,000 5,189,000 28,395,000 7,382,000
Expenses        
Operating expense 8,548,000 3,946,000 19,832,000 7,993,000
Real Estate, Other [Member]        
Revenue        
Other revenue 3,900,000 3,006,000 11,204,000 9,166,000
Expenses        
Operating expense 3,900,000 3,006,000 11,204,000 9,166,000
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 3,900,000 3,006,000 11,204,000 9,166,000
Expenses        
Operating expense 3,900,000 3,006,000 11,204,000 9,166,000
Management Service [Member]        
Revenue        
Other revenue 7,465,000 6,094,000 19,650,000 20,181,000
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue $ 7,465,000 $ 6,094,000 $ 19,650,000 $ 20,181,000
[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.