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Segment Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule Of Segment Information By Geographic Area And Property Type
Information by geographic area and property type (dollars in thousands):
For the three months ended March 31, 2016:
 
Boston
 
New York
 
San
Francisco
 
Washington,
DC
 
Total
Rental Revenue:
 
 
 
 
 
 
 
 
 
Office
$
177,827

 
$
291,858

 
$
76,317

 
$
100,488

 
$
646,490

Residential
1,171

 

 

 
2,878

 
4,049

Hotel
8,757

 

 

 

 
8,757

Total
187,755

 
291,858

 
76,317

 
103,366

 
659,296

% of Grand Totals
28.48
%
 
44.27
%
 
11.57
%
 
15.68
%
 
100.00
%
Rental Expenses:
 
 
 
 
 
 
 
 
 
Office
70,687

 
88,798

 
23,905

 
34,182

 
217,572

Residential
520

 

 

 
1,080

 
1,600

Hotel
7,634

 

 

 

 
7,634

Total
78,841

 
88,798

 
23,905

 
35,262

 
226,806

% of Grand Totals
34.76
%
 
39.15
%
 
10.54
%
 
15.55
%
 
100.00
%
Net operating income
$
108,914

 
$
203,060

 
$
52,412

 
$
68,104

 
$
432,490

% of Grand Totals
25.18
%
 
46.95
%
 
12.12
%
 
15.75
%
 
100.00
%
For the three months ended March 31, 2015:
 
Boston
 
New York
 
San
Francisco
 
Washington,
DC
 
Total
Rental Revenue:
 
 
 
 
 
 
 
 
 
Office
$
176,027

 
$
253,098

 
$
71,911

 
$
96,173

 
$
597,209

Residential
1,178

 

 

 
5,676

 
6,854

Hotel
9,085

 

 

 

 
9,085

Total
186,290

 
253,098

 
71,911

 
101,849

 
613,148

% of Grand Totals
30.38
%
 
41.28
%
 
11.73
%
 
16.61
%
 
100.00
%
Rental Expenses:
 
 
 
 
 
 
 
 
 
Office
76,451

 
85,061

 
22,821

 
33,471

 
217,804

Residential
509

 

 

 
3,037

 
3,546

Hotel
7,576

 

 

 

 
7,576

Total
84,536

 
85,061

 
22,821

 
36,508

 
228,926

% of Grand Totals
36.92
%
 
37.16
%
 
9.97
%
 
15.95
%
 
100.00
%
Net operating income
$
101,754

 
$
168,037

 
$
49,090

 
$
65,341

 
$
384,222

% of Grand Totals
26.48
%
 
43.73
%
 
12.78
%
 
17.01
%
 
100.00
%
Schedule Of Reconciliation Of Net Operating Income To Net Income
Boston Properties, Inc.
The following is a reconciliation of Net Operating Income to net income attributable to Boston Properties, Inc. common shareholders:
 
Three months ended
March 31,
 
2016
 
2015
 
(in thousands)
Net Operating Income
$
432,490

 
$
384,222

Add:
 
 
 
Development and management services income
6,689

 
5,328

Income from unconsolidated joint ventures
1,791

 
14,834

Interest and other income
1,505

 
1,407

Gains from investments in securities
259

 
393

Gains on sales of real estate
67,623

 
95,084

Less:
 
 
 
General and administrative expense
29,353

 
28,791

Transaction costs
25

 
327

Depreciation and amortization expense
159,448

 
154,223

Interest expense
105,309

 
108,757

Noncontrolling interests in property partnerships
10,464

 
15,208

Noncontrolling interest—redeemable preferred units of the Operating Partnership

 
3

Noncontrolling interest—common units of the Operating Partnership
21,393

 
20,188

Preferred dividends
2,618

 
2,589

Net income attributable to Boston Properties, Inc. common shareholders
$
181,747

 
$
171,182


Boston Properties Limited Partnership
The following is a reconciliation of Net Operating Income to net income attributable to Boston Properties Limited Partnership common unitholders:
 
Three months ended
March 31,
 
2016
 
2015
 
(in thousands)
Net Operating Income
$
432,490

 
$
384,222

Add:
 
 
 
Development and management services income
6,689

 
5,328

Income from unconsolidated joint ventures
1,791

 
14,834

Interest and other income
1,505

 
1,407

Gains from investments in securities
259

 
393

Gains on sales of real estate
69,792

 
95,084

Less:
 
 
 
General and administrative expense
29,353

 
28,791

Transaction costs
25

 
327

Depreciation and amortization expense
157,461

 
152,224

Interest expense
105,309

 
108,757

Noncontrolling interests in property partnerships
10,464

 
15,208

Noncontrolling interest—redeemable preferred units

 
3

Preferred distributions
2,618

 
2,589

Net income attributable to Boston Properties Limited Partnership common unitholders
$
207,296

 
$
193,369