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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Base rent $ 493,386 $ 486,609 $ 1,029,514 $ 977,291
Recoveries from tenants 85,706 86,795 175,292 175,388
Parking and other 26,113 26,552 50,938 51,340
Total rental revenue 605,205 599,956 1,255,744 1,204,019
Hotel revenue 12,808 13,403 21,565 22,488
Development and management services 5,533 4,862 12,222 10,190
Total revenue 623,546 618,221 1,289,531 1,236,697
Expenses        
Rental 217,938 214,464 437,110 435,814
Hotel 7,978 8,495 15,612 16,071
General and administrative 25,418 22,284 54,771 51,075
Transaction costs 913 208 938 535
Depreciation and amortization 153,175 167,844 312,623 322,067
Total expenses 405,422 413,295 821,054 825,562
Operating income 218,124 204,926 468,477 411,135
Other income (expense)        
Income from unconsolidated joint ventures 2,234 3,078 4,025 17,912
Interest and other income 1,524 1,293 3,029 2,700
Gains (losses) from investments in securities 478 (24) 737 369
Interest expense (105,003) (108,534) (210,312) (217,291)
Income before gains on sales of real estate 117,357 100,739 265,956 214,825
Gains on sales of real estate 0 0 67,623 95,084
Net income 117,357 100,739 333,579 309,909
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (6,814) (9,264) (17,278) (24,472)
Noncontrolling interest—redeemable preferred units 0 (3) 0 (6)
Noncontrolling interest—common units of the Operating Partnership (11,357) (9,394) (32,771) (29,530)
Net income attributable to the Company 99,186 82,078 283,530 255,901
Preferred dividends / distributions (2,589) (2,618) (5,207) (5,207)
Net income attributable to the Company's common shareholders / unitholders $ 96,597 $ 79,460 $ 278,323 $ 250,694
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Net income (in dollars per share / unit) $ 0.63 $ 0.52 $ 1.81 $ 1.63
Weighted average number of common shares / units outstanding 153,662 153,450 153,644 153,341
Diluted earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.63 $ 0.52 $ 1.81 $ 1.63
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 153,860 153,815 153,889 153,845
Dividends / Distributions, Per Share / Unit, Declared $ 0.65 $ 0.65 $ 1.30 $ 1.30
Boston Properties Limited Partnership        
Revenue        
Base rent $ 493,386 $ 486,609 $ 1,029,514 $ 977,291
Recoveries from tenants 85,706 86,795 175,292 175,388
Parking and other 26,113 26,552 50,938 51,340
Total rental revenue 605,205 599,956 1,255,744 1,204,019
Hotel revenue 12,808 13,403 21,565 22,488
Development and management services 5,533 4,862 12,222 10,190
Total revenue 623,546 618,221 1,289,531 1,236,697
Expenses        
Rental 217,938 214,464 437,110 435,814
Hotel 7,978 8,495 15,612 16,071
General and administrative 25,418 22,284 54,771 51,075
Transaction costs 913 208 938 535
Depreciation and amortization 151,191 165,846 308,652 318,070
Total expenses 403,438 411,297 817,083 821,565
Operating income 220,108 206,924 472,448 415,132
Other income (expense)        
Income from unconsolidated joint ventures 2,234 3,078 4,025 17,912
Interest and other income 1,524 1,293 3,029 2,700
Gains (losses) from investments in securities 478 (24) 737 369
Interest expense (105,003) (108,534) (210,312) (217,291)
Income before gains on sales of real estate 119,341 102,737 269,927 218,822
Gains on sales of real estate 0 0 69,792 95,084
Net income 119,341 102,737 339,719 313,906
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (6,814) (9,264) (17,278) (24,472)
Noncontrolling interest—redeemable preferred units 0 (3) 0 (6)
Net income attributable to the Company 112,527 93,470 322,441 289,428
Preferred dividends / distributions (2,589) (2,618) (5,207) (5,207)
Net income attributable to the Company's common shareholders / unitholders $ 109,938 $ 90,852 $ 317,234 $ 284,221
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Net income (in dollars per share / unit) $ 0.64 $ 0.53 $ 1.85 $ 1.66
Weighted average number of common shares / units outstanding 171,370 171,146 171,339 171,116
Diluted earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.64 $ 0.53 $ 1.85 $ 1.66
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 171,568 171,511 171,584 171,620
Dividends / Distributions, Per Share / Unit, Declared $ 0.65 $ 0.65 $ 1.30 $ 1.30