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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Lease $ 799,471 $ 767,181 $ 2,378,616 $ 2,285,789
Total revenue 859,227 824,283 2,549,148 2,444,636
Expenses        
Rental 327,897 300,192 963,480 882,536
General and administrative 33,352 31,410 127,479 131,387
Transaction costs 188 751 890 1,970
Depreciation and amortization 222,890 207,435 661,148 618,746
Total expenses 597,809 552,714 1,790,774 1,672,241
Other income (expense)        
Income (loss) from unconsolidated joint ventures (7,011) (247,556) 6,376 (261,793)
Gains on sales of real estate 517 517 517 517
Interest and other income (loss) 14,430 20,715 39,747 48,999
Gains (losses) from investments in securities 2,198 (925) 4,785 2,311
Unrealized gain (loss) on non-real estate investments 94 (51) 548 332
Impairment loss 0 0 (13,615) 0
Interest expense (163,194) (147,812) (474,727) (424,492)
Net Income (loss) 108,452 (103,543) 322,005 138,269
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (15,237) (20,909) (50,283) (59,337)
Noncontrolling interest - common units of the Operating Partnership (9,587) 12,626 (28,596) (8,642)
Net income (loss) attributable to BXP, Inc. 83,628 (111,826) 243,126 70,290
Net income attributable to the Company $ 83,628 $ (111,826) $ 243,126 $ 70,290
Basic earnings per common share / unit attributable to the Company common shareholders / unitholders        
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share) $ 0.53 $ (0.71) $ 1.55 $ 0.45
Weighted average number of common shares / units outstanding (in shares / units) 157,725 156,880 157,250 156,837
Diluted earnings per common share / unit attributable to the Company common shareholders / unitholders        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.53 $ (0.71) $ 1.54 $ 0.45
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 158,213 156,880 157,547 157,177
Boston Properties Limited Partnership        
Revenue        
Lease $ 799,471 $ 767,181 $ 2,378,616 $ 2,285,789
Total revenue 859,227 824,283 2,549,148 2,444,636
Expenses        
Rental 327,897 300,192 963,480 882,536
General and administrative 33,352 31,410 127,479 131,387
Transaction costs 188 751 890 1,970
Depreciation and amortization 221,186 205,679 656,044 613,446
Total expenses 596,105 550,958 1,785,670 1,666,941
Other income (expense)        
Income (loss) from unconsolidated joint ventures (7,011) (247,556) 6,376 (261,793)
Gains on sales of real estate 517 517 517 517
Interest and other income (loss) 14,430 20,715 39,747 48,999
Gains (losses) from investments in securities 2,198 (925) 4,785 2,311
Unrealized gain (loss) on non-real estate investments 94 (51) 548 332
Impairment loss 0 0 (13,615) 0
Interest expense (163,194) (147,812) (474,727) (424,492)
Net Income (loss) 110,156 (101,787) 327,109 143,569
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (15,237) (20,909) (50,283) (59,337)
Net income (loss) attributable to BXP, Inc. 94,919 (122,696) 276,826 84,232
Net income attributable to the Company $ 94,919 $ (122,696) $ 276,826 $ 84,232
Basic earnings per common share / unit attributable to the Company common shareholders / unitholders        
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share) $ 0.54 $ (0.70) $ 1.58 $ 0.48
Weighted average number of common shares / units outstanding (in shares / units) 175,446 174,882 175,369 174,765
Diluted earnings per common share / unit attributable to the Company common shareholders / unitholders        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.54 $ (0.70) $ 1.58 $ 0.48
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 175,934 174,882 175,666 175,105
Parking and Other [Member]        
Revenue        
Other revenue $ 34,255 $ 30,428 $ 101,086 $ 81,421
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 34,255 30,428 101,086 81,421
Hotel [Member]        
Revenue        
Other revenue 15,082 [1] 13,484 [1] 38,080 [2] 35,554 [2]
Expenses        
Operating expense 9,833 9,020 25,687 23,852
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 15,082 13,484 38,080 35,554
Expenses        
Operating expense 9,833 9,020 25,687 23,852
Management Service [Member]        
Revenue        
Other revenue 6,770 9,284 19,276 28,122
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 6,770 9,284 19,276 28,122
Real Estate, Other [Member]        
Revenue        
Other revenue 3,649 3,906 12,090 13,750
Expenses        
Operating expense 3,649 3,906 12,090 13,750
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 3,649 3,906 12,090 13,750
Expenses        
Operating expense $ 3,649 $ 3,906 $ 12,090 $ 13,750
[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.