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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Lease $ 761,733 $ 721,899 $ 1,518,608 $ 1,440,019
Total revenue 817,153 773,927 1,620,353 1,528,234
Expenses        
Rental 291,036 273,848 582,344 544,103
General and administrative 44,175 34,665 99,977 77,859
Transaction costs 308 496 1,219 496
Depreciation and amortization 202,577 183,146 411,311 360,770
Total expenses 550,866 501,838 1,119,527 1,001,816
Other income (expense)        
income (loss() from unconsolidated joint ventures (6,668) (54) (14,237) 2,135
Gains on sales of real estate 0 96,247 0 118,948
Interest and other income (loss) 17,343 1,195 28,284 2,423
Other Income - assignment fee 0 6,624 0 6,624
Gain (Loss) on Investments 1,571 (4,716) 3,236 (6,978)
Unrealized gain on non-real estate investment 124 0 383 0
Interest expense (142,473) (104,142) (276,680) (205,370)
Net income 136,184 267,243 241,812 444,200
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (19,768) (18,546) (38,428) (36,095)
Noncontrolling interest - common units of the Operating Partnership (12,117) (25,708) (21,169) (42,061)
Net income attributable to the Company 104,299 222,989 182,215 366,044
Net income attributable to the Company $ 104,299 $ 222,989 $ 182,215 $ 366,044
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) $ 0.67 $ 1.42 $ 1.16 $ 2.33
Weighted average number of common shares / units outstanding (in shares / units) 156,826 156,720 156,815 156,685
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.66 $ 1.42 $ 1.16 $ 2.33
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 157,218 157,192 157,131 157,098
Boston Properties Limited Partnership        
Revenue        
Lease $ 761,733 $ 721,899 $ 1,518,608 $ 1,440,019
Total revenue 817,153 773,927 1,620,353 1,528,234
Expenses        
Rental 291,036 273,848 582,344 544,103
General and administrative 44,175 34,665 99,977 77,859
Transaction costs 308 496 1,219 496
Depreciation and amortization 200,895 181,416 407,767 357,302
Total expenses 549,184 500,108 1,115,983 998,348
Other income (expense)        
income (loss() from unconsolidated joint ventures (6,668) (54) (14,237) 2,135
Gains on sales of real estate 0 99,608 0 122,992
Interest and other income (loss) 17,343 1,195 28,284 2,423
Other Income - assignment fee 0 6,624 0 6,624
Gain (Loss) on Investments 1,571 (4,716) 3,236 (6,978)
Unrealized gain on non-real estate investment 124 0 383 0
Interest expense (142,473) (104,142) (276,680) (205,370)
Net income 137,866 272,334 245,356 451,712
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (19,768) (18,546) (38,428) (36,095)
Net income attributable to the Company 118,098 253,788 206,928 415,617
Net income attributable to the Company $ 118,098 $ 253,788 $ 206,928 $ 415,617
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) $ 0.68 $ 1.45 $ 1.18 $ 2.38
Weighted average number of common shares / units outstanding (in shares / units) 174,748 174,392 174,693 174,323
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.67 $ 1.45 $ 1.18 $ 2.38
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 175,140 174,864 175,009 174,736
Parking and Other [Member]        
Revenue        
Other revenue $ 26,984 $ 30,346 $ 50,993 $ 52,080
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 26,984 30,346 50,993 52,080
Hotel [Member]        
Revenue        
Other revenue 13,969 [1] 12,089 [1] 22,070 [2] 16,646 [2]
Expenses        
Operating expense 8,161 6,444 14,832 11,284
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 13,969 12,089 22,070 16,646
Expenses        
Operating expense 8,161 6,444 14,832 11,284
Real Estate, Other [Member]        
Revenue        
Other revenue 4,609 3,239 9,844 7,304
Expenses        
Operating expense 4,609 3,239 9,844 7,304
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 4,609 3,239 9,844 7,304
Expenses        
Operating expense 4,609 3,239 9,844 7,304
Management Service [Member]        
Revenue        
Other revenue 9,858 6,354 18,838 12,185
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue $ 9,858 $ 6,354 $ 18,838 $ 12,185
[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.
[2] 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.