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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Lease $ 767,181 $ 739,255 $ 2,285,789 $ 2,179,274
Total revenue 824,283 790,523 2,444,636 2,318,757
Expenses        
Rental 300,192 281,702 882,536 825,805
General and administrative 31,410 32,519 131,387 110,378
Transaction costs 751 1,650 1,970 2,146
Depreciation and amortization 207,435 190,675 618,746 551,445
Total expenses 552,714 518,994 1,672,241 1,520,810
Other income (expense)        
Loss from unconsolidated joint ventures (247,556) (3,524) (261,793) (1,389)
Gains on sales of real estate 517 262,345 517 381,293
Interest and other income (loss) 20,715 3,728 48,999 6,151
Other Income - assignment fee 0 0 0 6,624
Gains (losses) from investments in securities (925) (1,571) 2,311 (8,549)
Unrealized gain (loss) on non-real estate investment (51) 0 332 0
Interest expense (147,812) (111,846) (424,492) (317,216)
Net Income (loss) (103,543) 420,661 138,269 864,861
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (20,909) (18,801) (59,337) (54,896)
Noncontrolling interest - common units of the Operating Partnership 12,626 (40,883) (8,642) (82,821)
Net income (loss) attributable to Boston Properties, Inc. (111,826) 360,977 70,290 727,144
Net income (loss) attributable to the Company $ (111,826) $ 360,977 $ 70,290 $ 727,144
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) $ (0.71) $ 2.30 $ 0.45 $ 4.63
Weighted average number of common shares / units outstanding (in shares / units) 156,880 156,754 156,837 156,708
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ (0.71) $ 2.29 $ 0.45 $ 4.62
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 156,880 157,133 157,177 157,144
Boston Properties Limited Partnership        
Revenue        
Lease $ 767,181 $ 739,255 $ 2,285,789 $ 2,179,274
Total revenue 824,283 790,523 2,444,636 2,318,757
Expenses        
Rental 300,192 281,702 882,536 825,805
General and administrative 31,410 32,519 131,387 110,378
Transaction costs 751 1,650 1,970 2,146
Depreciation and amortization 205,679 188,969 613,446 546,271
Total expenses 550,958 517,288 1,666,941 1,515,636
Other income (expense)        
Loss from unconsolidated joint ventures (247,556) (3,524) (261,793) (1,389)
Gains on sales of real estate 517 262,357 517 385,349
Interest and other income (loss) 20,715 3,728 48,999 6,151
Other Income - assignment fee 0 0 0 6,624
Gains (losses) from investments in securities (925) (1,571) 2,311 (8,549)
Unrealized gain (loss) on non-real estate investment (51) 0 332 0
Interest expense (147,812) (111,846) (424,492) (317,216)
Net Income (loss) (101,787) 422,379 143,569 874,091
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (20,909) (18,801) (59,337) (54,896)
Net income (loss) attributable to Boston Properties, Inc. (122,696) 403,578 84,232 819,195
Net income (loss) attributable to the Company $ (122,696) $ 403,578 $ 84,232 $ 819,195
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) $ 2.31 $ 0.48 $ 4.69
Weighted average number of common shares / units outstanding (in shares / units) 174,882 174,416 174,765 174,339
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ (0.70) $ 2.30 $ 0.48 $ 4.68
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 174,882 174,795 175,105 174,775
Parking and Other [Member]        
Revenue        
Other revenue $ 30,428 $ 28,154 $ 81,421 $ 80,234
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 30,428 28,154 81,421 80,234
Hotel [Member]        
Revenue        
Other revenue 13,484 [1] 11,749 [1] 35,554 [2] 28,395 [2]
Expenses        
Operating expense 9,020 8,548 23,852 19,832
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 13,484 11,749 35,554 28,395
Expenses        
Operating expense 9,020 8,548 23,852 19,832
Real Estate, Other [Member]        
Revenue        
Other revenue 3,906 3,900 13,750 11,204
Expenses        
Operating expense 3,906 3,900 13,750 11,204
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 3,906 3,900 13,750 11,204
Expenses        
Operating expense 3,906 3,900 13,750 11,204
Management Service [Member]        
Revenue        
Other revenue 9,284 7,465 28,122 19,650
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue $ 9,284 $ 7,465 $ 28,122 $ 19,650
[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.