BXP Stock Balance Sheets

Boston Properties Quarterly Balance Sheets Chart

Quarterly

Annual

Cash and Cash Eq

Boston Properties Quarterly Balance Sheets Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31

assets
real estate, at cost	28,428,074,000	28,115,423,000	27,870,623,000	27,557,824,000	27,273,494,000	27,063,048,000	26,749,209,000	26,031,390,000	25,762,722,000	25,559,720,000	25,389,663,000	25,192,376,000	24,700,571,000	23,902,226,000	23,752,630,000	23,711,400,000	23,417,175,000	23,156,924,000	22,969,110,000	22,770,691,000	22,575,903,000	22,342,209,000	22,502,976,000	22,288,800,000	21,943,208,000	21,741,265,000	21,649,896,000	21,687,639,000	21,526,520,000	21,316,644,000	21,096,642,000	20,859,245,000	20,614,366,000	20,392,260,000	19,902,756,000	18,690,403,000	18,424,542,000	19,481,535,000	18,412,086,000	18,207,934,000	18,153,816,000	19,236,403,000	18,362,993,000	17,680,555,000	17,258,665,000	18,978,765,000	17,105,492,000	17,059,235,000	13,503,575,000	14,893,328,000	13,165,836,000	13,143,487,000	12,937,143,000		12,031,660,000	11,786,353,000	11,567,294,000		10,015,347,000	9,984,329,000	9,823,024,000		9,768,619,000	9,687,069,000	9,577,375,000		9,434,884,000	9,277,500,000	9,231,874,000		8,961,830,000	9,037,468,000	9,019,237,000
right of use assets - finance leases	372,839,000	372,845,000	372,922,000	372,896,000	372,896,000	401,486,000	401,680,000	237,532,000	237,526,000	237,503,000	237,510,000	237,505,000	237,488,000	237,501,000	237,507,000	237,845,000	237,765,000	237,017,000	237,393,000	237,382,000	237,394,000	237,394,000	237,394,000	237,394,000	187,269,000	187,292,000
right of use assets - operating leases	325,670,000	330,129,000	334,767,000	339,804,000	344,292,000	344,255,000	324,298,000	322,790,000	166,421,000	166,699,000	167,351,000	167,935,000	168,370,000	169,248,000	169,778,000	170,085,000	170,331,000	144,143,000	146,406,000	146,973,000	147,512,000	148,057,000	148,640,000	149,231,000	149,839,000	151,166,000
less: accumulated depreciation	-7,863,743,000	-7,699,234,000	-7,528,057,000	-7,369,545,000	-7,198,566,000	-7,040,501,000	-6,881,728,000	-6,723,616,000	-6,568,568,000	-6,424,547,000	-6,298,082,000	-6,170,472,000	-6,077,270,000	-5,995,760,000	-5,883,961,000	-5,850,397,000	-5,752,818,000	-5,665,061,000	-5,534,102,000	-5,413,709,000	-5,292,389,000	-5,209,487,000	-5,266,798,000	-5,164,353,000	-5,050,606,000	-4,962,959,000	-4,897,777,000	-4,838,496,000	-4,745,590,000	-4,674,838,000		-4,484,798,000	-4,379,446,000	-4,302,283,000	-4,113,553,000	-4,056,716,000	-3,969,648,000	-3,925,894,000	-3,833,277,000	-3,753,926,000	-3,646,853,000	-3,547,659,000	-3,469,130,000	-3,368,974,000	-3,263,208,000	-3,161,571,000	-3,076,280,000	-2,996,520,000	-2,919,980,000	-2,934,160,000	-2,843,167,000	-2,781,218,000	-2,722,605,000	-2,642,986,000	-2,558,620,000	-2,468,165,000	-2,411,378,000	-2,323,818,000	-2,243,265,000	-2,173,300,000	-2,103,274,000	-2,033,677,000	-1,966,780,000	-1,901,558,000	-1,835,283,000	-1,768,785,000	-1,710,875,000	-1,647,145,000	-1,589,686,000	-1,531,707,000	-1,488,077,000	-1,474,771,000	-1,414,857,000	-1,392,055,000
total real estate	21,262,840,000	21,119,163,000	21,050,255,000	20,900,979,000	20,792,116,000	20,768,288,000	20,593,459,000	19,868,096,000	19,598,101,000	19,539,375,000	19,496,442,000	19,427,344,000	19,029,159,000	18,313,215,000	18,275,954,000	18,268,933,000	18,072,453,000	17,873,023,000	17,818,807,000	17,741,337,000	17,668,420,000	17,518,173,000	17,622,212,000	17,511,072,000	17,229,710,000	17,116,764,000	16,752,119,000	16,849,143,000	16,780,930,000	16,641,806,000	16,507,008,000	16,374,447,000	16,234,920,000	16,089,977,000	15,789,203,000	15,740,152,000	15,569,424,000	15,555,641,000	15,569,008,000	15,612,331,000	15,575,438,000	15,688,744,000	15,886,276,000	15,894,949,000	15,860,776,000	15,817,194,000	15,826,599,000	15,835,914,000	12,270,705,000	11,959,168,000	11,534,066,000	11,365,172,000	11,352,574,000	10,746,486,000	10,639,176,000	10,584,621,000	10,597,044,000	10,441,117,000	9,529,710,000	9,175,766,000	9,112,760,000	9,065,881,000	9,020,214,000	8,960,285,000	8,898,077,000	8,849,559,000	8,791,304,000	8,619,040,000	8,527,908,000	8,718,188,000	8,315,692,000	8,337,015,000	8,308,750,000	8,160,403,000
cash and cash equivalents	446,953,000	398,126,000	1,254,882,000	1,420,475,000	685,376,000	701,695,000	1,531,477,000	882,647,000	1,581,575,000	918,952,000	690,333,000	375,774,000	456,491,000	436,271,000	452,692,000	1,002,728,000	557,307,000	697,369,000	1,668,742,000	1,714,783,000	1,691,047,000	660,733,000	644,950,000	751,210,000	1,087,001,000	360,091,000	543,359,000	322,502,000	472,555,000	294,571,000	434,767,000	493,055,000	492,435,000	302,939,000	419,323,000	1,180,044,000	1,605,678,000	723,718,000	1,387,007,000	1,342,751,000	1,064,396,000	1,763,079,000	846,664,000	1,036,576,000	1,179,573,000	2,365,137,000	1,641,275,000	1,608,731,000	909,376,000	1,041,978,000	1,223,215,000	1,671,997,000	591,196,000	1,823,208,000	1,063,024,000	780,584,000	747,305,000	478,948,000	1,270,074,000	1,703,448,000	1,220,392,000	1,448,933,000	782,106,000	819,245,000	143,789,000	241,510,000	55,597,000	112,110,000	794,643,000	1,506,921,000	1,894,198,000	1,885,318,000	2,016,336,000	725,788,000
cash held in escrows	80,888,000	81,081,000	80,314,000	51,009,000	52,125,000	64,939,000	81,090,000	47,741,000	46,915,000	45,330,000	46,479,000	73,112,000	46,359,000	46,072,000	48,466,000	79,193,000	79,973,000	251,814,000	50,587,000	50,006,000	300,608,000	197,845,000	46,936,000	53,555,000	75,923,000	72,207,000	95,832,000	101,282,000	254,505,000	160,558,000	70,602,000	83,779,000	47,345,000	51,244,000	63,980,000	65,654,000	71,349,000	73,790,000	90,379,000	252,558,000	588,218,000	487,321,000	153,161,000	59,248,000	54,240,000	57,201,000	53,499,000	54,829,000	55,410,000	55,181,000	32,253,000	31,381,000	30,697,000	40,332,000	36,759,000	302,439,000	305,692,000	308,031,000	300,771,000	25,382,000	20,848,000	21,867,000	20,681,000	22,289,000	19,420,000	21,970,000	34,311,000	59,644,000	57,640,000	186,839,000	17,835,000	22,665,000	20,334,000	25,784,000
investments in securities	41,062,000	38,310,000	39,706,000	39,186,000	36,844,000	37,184,000	36,337,000	32,809,000	33,481,000	32,099,000	32,277,000	30,040,000	31,457,000	36,032,000	43,632,000	41,517,000	41,476,000	39,002,000	39,457,000	34,934,000	32,848,000	28,101,000	36,747,000	34,375,000	33,411,000	32,052,000	28,198,000	31,376,000	30,063,000	29,353,000	29,161,000	27,981,000	26,781,000	25,817,000	23,022,000	21,775,000	21,077,000	20,380,000	19,645,000	20,953,000	20,736,000	19,459,000	18,834,000	18,927,000	18,026,000	16,641,000	15,377,000	14,226,000	13,825,000	12,172,000	11,792,000	11,036,000	11,193,000	9,548,000	9,312,000	9,975,000	9,800,000		7,911,000	7,026,000	7,592,000		10,436,000	11,173,000	9,408,000		16,160,000	20,372,000	23,404,000
tenant and other receivables	109,683,000	117,353,000	107,453,000	99,706,000	82,145,000	94,115,000	122,407,000	123,138,000	91,968,000	85,603,000	81,389,000	69,633,000	64,607,000	56,132,000	70,186,000	61,269,000	58,624,000	51,271,000	77,411,000	76,330,000	82,545,000	89,431,000	112,807,000	102,155,000	87,727,000	92,462,000	86,629,000	98,502,000	63,660,000	73,401,000	92,186,000	79,750,000	88,687,000	73,012,000	76,258,000	84,861,000	73,759,000	97,865,000	66,446,000	55,183,000	47,768,000	46,595,000	43,210,000	51,348,000	37,812,000	59,464,000	55,393,000	66,039,000	75,849,000	69,555,000	45,039,000	43,507,000	68,275,000	79,838,000	47,554,000	44,470,000	54,740,000	129,818,000	113,655,000	98,602,000	102,085,000	93,240,000	71,845,000	78,495,000	69,116,000	68,743,000	57,554,000	42,116,000	34,580,000	58,074,000	43,199,000	48,398,000	50,799,000	57,052,000
note receivable	6,711,000	5,535,000	4,947,000	3,937,000	3,155,000	2,274,000	1,714,000															15,794,000	15,920,000	19,844,000	19,718,000	19,593,000	19,468,000
related party notes receivable	88,825,000	88,816,000	88,779,000	88,788,000																																													282,307,000	282,491,000	282,206,000	282,416,000	281,177,000	280,442,000	276,375,000	276,375,000
sales-type lease receivable	15,188,000	14,958,000	14,657,000	14,429,000	14,182,000	13,943,000	13,704,000	13,475,000	13,250,000	13,028,000	12,811,000
accrued rental income	1,509,347,000	1,490,522,000	1,466,220,000	1,438,492,000	1,414,622,000	1,390,217,000	1,355,212,000	1,331,796,000	1,318,320,000	1,297,767,000	1,276,580,000	1,250,176,000	1,265,480,000	1,243,395,000	1,226,745,000	1,203,840,000	1,172,411,000	1,145,066,000	1,122,502,000	1,111,078,000	1,069,004,000	1,059,677,000	1,038,788,000	1,003,033,000	973,167,000	954,063,000	934,896,000	926,274,000	912,652,000	888,907,000	861,575,000	835,415,000	820,022,000	812,124,000	785,569,000	776,816,000	767,864,000	754,883,000	737,145,000	730,797,000	713,874,000	691,999,000	689,885,000	673,587,000	661,730,000	651,603,000	641,041,000	625,654,000	612,041,000	598,199,000	579,553,000	559,646,000	541,153,000	522,675,000	508,838,000	491,878,000	463,117,000	442,683,000	421,008,000	401,054,000	376,942,000	363,121,000	353,709,000	340,123,000	331,237,000	316,711,000	316,411,000	326,149,000	313,011,000	300,594,000	299,082,000	296,424,000	288,824,000	327,337,000
deferred charges	809,033,000	806,057,000	813,345,000	794,571,000	800,099,000	818,424,000	760,421,000	692,386,000	710,820,000	720,174,000	733,282,000	720,648,000	684,078,000	609,205,000	618,798,000	622,807,000	627,338,000	622,649,000	640,085,000	644,036,000	655,813,000	667,076,000	689,213,000	689,768,000	676,082,000	666,320,000	678,724,000	669,545,000	678,319,000	681,369,000	679,038,000	657,474,000	658,219,000	666,677,000	680,192,000	697,823,000	693,976,000	732,837,000	749,628,000	771,419,000	806,468,000	831,744,000	837,907,000	853,924,000	861,567,000	884,450,000	918,798,000	939,675,000	572,890,000	588,235,000	534,898,000	504,475,000	500,957,000	445,403,000	441,700,000	449,014,000	449,076,000	436,019,000	300,882,000	289,388,000	291,564,000	294,395,000	288,642,000	283,830,000	301,889,000	326,401,000	314,562,000	305,287,000	294,002,000	287,199,000	257,469,000	264,664,000	244,846,000	274,079,000
prepaid expenses and other assets	89,624,000	138,868,000	70,839,000	132,078,000	86,188,000	146,286,000	64,230,000	121,431,000	77,457,000	141,933,000	43,589,000	107,538,000	55,232,000	128,472,000	57,811,000	97,560,000	46,946,000	129,102,000	33,840,000	106,524,000	56,768,000	136,730,000	41,685,000	110,308,000	68,701,000	131,472,000	80,943,000	133,443,000	85,972,000	147,256,000	77,971,000	144,817,000	93,985,000	150,905,000	176,693,000	144,222,000	136,799,000	185,118,000	143,476,000	117,993,000	165,985,000	164,432,000	219,074,000	133,035,000	178,488,000	184,477,000	238,688,000	179,741,000	71,756,000	90,610,000	132,109,000	41,480,000	73,132,000	75,458,000	102,812,000	92,470,000	100,897,000	65,663,000	42,391,000	22,385,000	50,998,000	17,684,000	41,977,000	22,905,000	47,664,000	22,401,000	44,039,000	26,511,000	51,357,000	30,566,000	55,658,000	47,174,000	63,896,000	40,868,000
investments in unconsolidated joint ventures	1,161,036,000	1,137,732,000	1,093,583,000	1,421,886,000	1,418,817,000	1,399,824,000	1,377,319,000	1,536,822,000	1,780,959,000	1,752,617,000	1,715,911,000	1,593,834,000	1,554,994,000	1,518,622,000	1,482,997,000	1,373,522,000	1,305,589,000	1,307,725,000	1,310,478,000	1,377,291,000	1,339,724,000	1,377,338,000	955,647,000	933,255,000	936,835,000	976,580,000	956,309,000	925,431,000	682,507,000	666,718,000	619,925,000	611,800,000	819,368,000	793,932,000	775,659,000	252,618,000	235,904,000	235,224,000	217,529,000	209,974,000	196,188,000	193,394,000	180,149,000	176,939,000	127,356,000	126,084,000	129,038,000	137,975,000	652,807,000	659,916,000	664,690,000	670,653,000	667,377,000	669,722,000	770,466,000	772,502,000	762,522,000	767,252,000	792,434,000	794,650,000	798,161,000	763,636,000	772,167,000	772,319,000	781,336,000	782,760,000	973,396,000	606,696,000	152,942,000	81,672,000	102,488,000	92,944,000	91,955,000	83,711,000
total assets	25,621,190,000	25,436,521,000	26,084,980,000	26,405,536,000	25,474,448,000	25,525,978,000	26,026,149,000	24,739,148,000	25,341,680,000	24,625,422,000	24,207,669,000	23,726,691,000	23,266,433,000	22,475,634,000	22,365,258,000	22,848,810,000	22,059,076,000	22,213,552,000	22,858,190,000	22,959,215,000	23,000,777,000	21,829,698,000	21,284,905,000	21,288,575,000	21,268,275,000	20,501,604,000	20,256,477,000	20,137,498,000	19,961,163,000	19,583,939,000	19,372,233,000	19,308,518,000	19,281,762,000	18,966,627,000	18,789,899,000	18,963,965,000	19,175,830,000	18,379,456,000	18,980,263,000	19,113,959,000	19,179,071,000	19,886,767,000	18,875,160,000	18,898,533,000	18,979,568,000	20,162,251,000	19,519,708,000	19,462,784,000	15,623,279,000	15,462,321,000	15,141,943,000	15,280,629,000	14,212,857,000	14,782,966,000	13,980,798,000	13,884,212,000	13,835,473,000	13,348,263,000	13,048,836,000	12,787,701,000	12,251,342,000	12,348,703,000	11,631,777,000	11,580,664,000	10,871,936,000	10,911,645,000	10,873,334,000	10,387,925,000	10,349,487,000	11,192,637,000	10,985,621,000	10,994,602,000	11,085,740,000	9,695,022,000
liabilities and equity
liabilities:
mortgage notes payable	4,278,788,000	4,277,710,000	4,276,609,000	4,275,155,000	4,371,478,000	4,368,367,000	4,166,379,000	3,275,974,000	3,274,764,000	3,273,553,000	3,272,368,000	3,271,157,000	3,269,948,000	3,268,745,000	3,267,914,000	2,898,699,000	2,901,709,000	2,904,672,000	2,909,081,000	2,912,494,000	2,915,852,000	2,919,157,000	2,922,408,000	2,952,006,000	2,956,833,000	2,959,908,000	2,964,572,000	2,967,548,000	2,972,052,000	2,974,930,000	2,979,281,000	2,982,067,000	2,986,283,000	2,046,959,000	2,077,707,000	3,189,013,000	3,416,622,000	3,438,714,000	4,132,071,000	4,269,808,000	4,289,120,000	4,309,484,000	4,328,464,000	4,411,453,000	4,430,110,000	4,449,734,000	4,468,069,000	4,484,657,000	3,053,798,000	3,102,485,000	2,848,686,000	2,877,125,000	2,946,760,000	3,123,267,000	3,179,034,000	3,181,469,000	3,188,025,000	3,047,586,000	2,813,338,000	2,608,577,000	2,637,534,000	2,643,301,000	2,643,497,000	2,603,597,000	2,669,705,000	2,660,642,000	2,282,699,000	2,535,496,000	2,760,620,000	2,726,127,000	2,644,393,000	2,855,889,000	2,973,571,000	2,679,462,000
unsecured senior notes	9,800,577,000	9,797,824,000	10,645,077,000	10,642,033,000	9,797,220,000	9,794,527,000	10,491,617,000	10,488,568,000	10,985,395,000	10,240,967,000	10,237,968,000	9,491,714,000	9,489,030,000	9,486,379,000	9,483,695,000	10,479,651,000	9,634,356,000	9,631,592,000	9,639,287,000	9,636,397,000	9,633,577,000	8,393,009,000	8,390,459,000	8,387,913,000	8,390,708,000	7,547,043,000	7,544,697,000	7,253,786,000	7,251,578,000	7,249,383,000	7,247,330,000	7,252,567,000	7,250,356,000	7,248,152,000	7,243,767,000	6,257,274,000	6,255,602,000	5,289,317,000	5,288,908,000	5,288,503,000	5,288,101,000	5,287,704,000	5,837,172,000	5,836,729,000	5,836,290,000	5,835,854,000	5,835,424,000	5,834,973,000	4,639,843,000	4,639,528,000	4,639,217,000	4,863,413,000	3,865,369,000	3,865,186,000	3,016,986,000	3,016,837,000	3,016,743,000	3,016,598,000	2,872,058,000	2,871,909,000	2,172,525,000	2,172,389,000	1,472,740,000	1,472,617,000	1,472,495,000	1,472,375,000	1,472,258,000	1,472,141,000	1,472,027,000	1,471,913,000	1,471,801,000	1,471,691,000	1,471,583,000	1,471,475,000
unsecured line of credit	185,000,000	300,000,000										340,000,000	165,000,000	255,000,000	145,000,000							250,000,000						170,000,000		115,000,000	45,000,000			105,000,000																															100,000,000	100,000,000	319,000,000	200,000,000
unsecured term loans	796,640,000	796,158,000	798,813,000	798,058,000
unsecured commercial paper	750,000,000	500,000,000	500,000,000	500,000,000	500,000,000
lease liabilities - finance leases	365,897,000	368,379,000	370,885,000	373,260,000	375,601,000	415,888,000	417,961,000	253,178,000	251,874,000	250,567,000	249,335,000	248,092,000	246,832,000	245,554,000	244,421,000	243,562,000	243,381,000	239,361,000	236,492,000	233,288,000	230,146,000	227,067,000	224,042,000	221,029,000	172,902,000	173,123,000
lease liabilities - operating leases	399,174,000	395,638,000	392,686,000	389,444,000	385,842,000	377,667,000	350,391,000	341,299,000	204,826,000	204,435,000	204,686,000	205,008,000	204,643,000	204,677,000	204,561,000	204,137,000	226,594,000	200,383,000	201,713,000	201,337,000	200,979,000	200,573,000	200,180,000	199,755,000	199,344,000	199,653,000
accounts payable and accrued expenses	480,158,000	398,760,000	401,874,000	444,288,000	372,484,000	374,681,000	458,329,000	462,240,000	434,574,000	397,798,000	417,545,000	360,572,000	342,467,000	304,576,000	320,775,000	331,687,000	305,969,000	260,875,000	336,264,000	345,959,000	328,292,000	293,831,000	377,553,000	421,269,000	418,429,000	328,885,000	276,645,000	315,462,000	327,067,000	355,002,000	331,500,000	325,440,000	303,559,000	313,723,000	312,979,000	287,464,000	252,727,000	274,709,000	245,200,000	231,900,000	224,086,000	243,263,000	253,600,000	216,080,000	218,028,000	202,470,000	215,778,000	212,998,000	210,359,000	199,102,000	193,492,000	163,496,000	165,441,000	155,139,000	172,928,000	173,257,000	171,617,000	186,059,000	199,534,000	177,000,000	189,633,000	220,089,000	229,177,000	223,909,000	200,269,000	171,791,000	164,986,000	183,192,000	128,769,000	145,692,000	133,714,000	123,910,000	101,188,000	102,934,000
dividends and distributions payable	172,732,000	172,674,000	172,486,000	172,191,000	172,172,000	172,154,000	171,176,000	171,916,000	171,465,000	171,427,000	170,643,000	170,952,000	170,937,000	170,869,000	169,859,000	169,739,000	169,718,000	171,003,000	171,082,000	171,070,000	171,077,000	171,026,000	170,713,000	165,421,000	165,419,000	165,352,000	165,114,000	165,118,000	139,263,000	139,218,000	139,040,000	130,434,000	130,432,000	130,418,000	113,038,000	113,071,000	113,079,000	327,320,000	112,912,000	112,892,000	112,796,000	882,472,000	112,708,000	112,420,000	114,799,000	497,242,000	112,470,000	112,425,000	110,886,000	110,488,000	93,461,000	93,353,000	92,615,000	91,901,000	83,584,000	83,369,000	83,019,000	81,031,000	81,068,000	80,865,000	80,756,000	80,536,000	80,463,000	80,475,000	97,547,000	97,162,000	96,491,000	96,451,000	105,150,000	944,870,000	96,152,000	96,192,000	105,284,000	857,892,000
accrued interest payable	120,975,000	120,432,000	128,098,000	121,360,000	112,107,000	119,573,000	133,684,000	128,422,000	111,088,000	114,400,000	103,774,000	91,885,000	96,821,000	90,861,000	94,796,000	87,408,000	107,386,000	76,675,000	106,288,000	88,826,000	95,274,000	82,388,000	90,016,000	83,177,000	89,289,000	89,171,000	89,267,000	92,809,000	96,844,000	96,176,000	83,646,000	99,100,000	85,172,000	266,714,000	234,628,000	222,175,000	221,578,000	190,386,000	200,916,000	178,548,000	186,630,000	163,532,000	181,954,000	156,024,000	178,651,000	167,523,000	181,310,000	141,676,000	99,491,000	72,461,000	98,601,000	61,947,000	97,997,000	69,105,000	89,555,000	62,046,000	88,070,000	62,327,000	84,689,000	80,521,000	69,166,000	76,058,000	49,536,000	66,463,000	50,329,000	67,132,000	48,705,000	55,979,000	47,355,000	54,487,000	46,671,000	59,105,000	48,917,000	47,441,000
other liabilities	416,838,000	450,165,000	450,796,000	407,441,000	398,525,000	417,978,000	445,947,000	380,014,000	418,813,000	465,276,000	450,918,000	417,255,000	401,360,000	396,283,000	391,441,000	370,403,000	370,990,000	399,965,000	412,084,000	369,932,000	373,281,000	366,852,000	387,994,000	356,338,000	355,984,000	369,575,000	503,726,000	468,433,000	462,869,000	470,140,000	443,980,000	419,215,000	452,608,000	446,489,000	461,079,000	508,952,000	498,290,000	483,601,000	448,680,000	448,480,000	483,762,000	502,255,000	517,428,000	539,716,000	556,772,000	578,969,000	567,464,000	556,730,000	316,683,000	324,613,000	309,004,000	308,354,000	324,826,000	293,515,000	244,555,000	231,702,000	210,392,000	213,000,000	104,914,000	95,423,000	115,755,000	127,538,000	131,193,000	126,560,000	133,662,000	173,750,000	167,646,000	187,104,000	221,432,000	232,705,000	198,314,000	201,406,000	229,666,000	239,084,000
total liabilities	17,766,779,000	17,577,740,000	18,137,324,000	18,123,230,000	17,184,205,000	17,240,265,000	17,833,785,000	16,698,784,000	17,048,845,000	16,313,339,000	15,837,237,000	15,326,635,000	15,115,833,000	14,422,944,000	14,322,462,000	14,785,286,000	13,960,103,000	14,084,526,000	14,511,681,000	14,458,573,000	14,447,628,000	13,402,961,000	13,262,304,000	13,285,727,000	13,247,608,000	12,331,317,000	12,042,509,000	11,931,524,000	11,747,921,000	11,399,849,000	11,269,777,000	11,208,823,000	11,208,410,000	11,044,189,000	10,930,646,000	11,065,746,000	11,246,040,000	10,492,529,000	10,917,504,000	11,019,279,000	11,073,970,000	11,878,506,000	11,721,440,000	11,762,849,000	11,825,385,000	12,967,712,000	12,611,391,000	12,569,374,000	9,608,937,000	9,619,033,000	9,345,416,000	9,523,357,000	8,641,505,000	9,313,798,000	8,540,985,000	8,492,017,000	8,490,362,000	8,328,418,000	7,915,091,000	7,663,109,000	7,130,209,000	7,223,992,000	6,499,359,000	6,455,103,000	6,594,607,000	6,781,751,000	6,589,291,000	6,026,615,000	6,030,538,000	6,869,920,000	5,884,119,000	6,100,215,000	6,221,194,000	5,848,288,000
bxp, inc.consolidated balance sheets
commitments and contingencies
redeemable deferred stock units— 103,473 and 128,227 units outstanding at redemption value at june 30, 2025 and december 31, 2024, respectively	6,981,000
equity:
stockholders’ equity attributable to bxp, inc.:
excess stock, 0.01 par value, 150,000,000 shares authorized, none issued or outstanding
preferred stock, 0.01 par value, 50,000,000 shares authorized, none issued or outstanding
common stock	1,584,000	1,583,000	1,582,000	1,580,000	1,571,000	1,570,000	1,569,000	1,569,000	1,569,000	1,568,000	1,568,000	1,568,000	1,567,000	1,567,000	1,565,000	1,562,000	1,561,000	1,561,000	1,557,000	1,556,000	1,556,000	1,553,000	1,548,000	1,546,000			1,545,000	1,544,000	1,544,000	1,544,000	1,543,000	1,543,000	1,543,000	1,538,000	1,538,000	1,537,000	1,536,000	1,536,000	1,536,000	1,535,000	1,534,000	1,531,000	1,531,000	1,531,000	1,530,000	1,530,000	1,524,000	1,524,000	1,516,000	1,516,000	1,509,000	1,507,000	1,494,000	1,481,000	1,476,000	1,464,000	1,451,000	1,402,000	1,401,000	1,393,000	1,390,000	1,389,000	1,387,000	1,385,000	1,213,000	1,212,000	1,199,000	1,198,000	1,197,000	1,195,000	1,193,000	1,190,000	1,190,000	1,175,000
additional paid-in capital	6,854,753,000	6,846,015,000	6,836,093,000	6,822,489,000	6,768,686,000	6,752,648,000	6,715,149,000	6,568,645,000	6,561,161,000	6,549,314,000	6,539,147,000	6,532,299,000	6,524,997,000	6,509,663,000	6,497,730,000	6,415,802,000	6,405,916,000	6,392,923,000	6,356,791,000	6,348,076,000	6,340,665,000	6,321,475,000	6,294,719,000	6,274,792,000			6,407,623,000	6,400,193,000	6,391,460,000	6,384,147,000	6,377,908,000	6,370,932,000	6,363,034,000	6,339,970,000	6,326,580,000	6,316,191,000	6,306,723,000	6,305,687,000	6,300,780,000	6,293,556,000	6,286,260,000	6,270,257,000	5,684,649,000	5,679,578,000	5,668,230,000	5,662,453,000	5,250,174,000	5,246,243,000	5,232,030,000	5,222,073,000	5,194,569,000	5,184,710,000	5,050,547,000	4,936,457,000	4,916,440,000	4,846,003,000	4,771,659,000	4,417,162,000	4,424,711,000	4,394,435,000	4,381,075,000	4,373,679,000	4,362,874,000	4,358,830,000	3,560,797,000	3,369,850,000	3,317,358,000	3,341,887,000	3,317,643,000	3,305,219,000	3,289,760,000	3,263,797,000	3,260,647,000	3,119,941,000
dividends in excess of earnings	-1,579,770,000	-1,513,555,000	-1,419,575,000	-1,035,710,000	-964,518,000	-890,177,000	-816,152,000	-782,275,000	-516,550,000	-467,159,000	-391,356,000	-359,536,000	-567,016,000	-636,421,000	-625,891,000	-657,021,000	-612,247,000	-570,982,000	-509,653,000	-364,720,000	-302,511,000	-416,740,000	-760,523,000	-749,666,000			-675,534,000	-677,312,000	-649,747,000	-654,879,000	-712,343,000	-692,739,000	-694,320,000	-712,270,000	-725,522,000	-702,361,000	-699,048,000	-780,952,000	-627,054,000	-711,239,000	-690,993,000	-762,464,000	-148,566,000	-176,929,000	-153,979,000	-108,552,000			-160,697,000	-109,985,000	-59,621,000	-34,463,000	-70,609,000	-53,080,000	-72,941,000	-69,537,000	-56,479,000
treasury common stock at cost, 78,900 shares at june 30, 2025 and december 31, 2024	-2,722,000
accumulated other comprehensive loss	-15,059,000	-11,379,000	-2,072,000	-26,428,000	-155,000	-3,620,000	-21,147,000		-3,406,000	-18,214,000	-13,718,000	-15,991,000	-27,077,000	-28,485,000	-36,662,000	-40,803,000	-43,166,000	-45,139,000	-49,890,000	-52,622,000	-54,921,000	-55,700,000	-48,335,000	-51,996,000			-47,741,000	-45,137,000	-47,695,000	-49,062,000	-50,429,000	-51,796,000	-53,161,000	-50,983,000	-73,943,000	-79,748,000	-56,706,000	-14,114,000	-20,625,000		-11,907,000	-9,304,000	-9,866,000	-10,429,000	-10,989,000	-11,556,000	-12,122,000	-12,689,000	-13,253,000	-13,817,000	-14,379,000	-14,978,000	-15,558,000	-16,138,000	-16,717,000	-17,294,000	-17,867,000	-18,436,000	-19,530,000	-20,155,000	-21,145,000	-21,777,000	-22,411,000	-28,464,000	-29,202,000	-29,916,000	-37,445,000	-41,868,000	-53,091,000	-29,191,000	-6,342,000	-3,338,000	-3,239,000	-3,323,000
total stockholders’ equity attributable to bxp, inc.	5,258,786,000	5,319,942,000	5,413,306,000	5,759,209,000	5,802,862,000
noncontrolling interests:
common units of boston properties limited partnership	584,651,000	591,555,000	591,270,000	638,129,000	677,789,000	684,969,000	666,580,000	656,587,000	689,123,000	691,627,000	683,583,000	685,952,000	660,214,000	649,602,000	642,655,000	609,830,000	615,308,000	620,106,000	616,596,000	634,796,000	640,491,000	636,572,000	600,860,000	603,690,000			619,352,000	618,380,000	621,221,000	619,347,000		605,802,000	604,997,000	617,252,000
property partnerships	2,003,993,000	1,938,344,000	1,933,545,000	1,874,272,000	1,801,676,000	1,734,904,000	1,640,704,000	1,588,906,000	1,557,368,000	1,552,070,000	1,547,317,000	1,551,501,000	1,552,706,000	1,548,455,000	1,556,553,000	1,728,101,000	1,725,343,000	1,725,600,000	1,726,933,000	1,730,674,000	1,724,588,000	1,736,445,000	1,728,689,000	1,720,123,000			1,711,445,000	1,711,028,000	1,699,181,000	1,685,715,000	1,683,760,000	1,668,675,000	1,653,981,000	1,529,653,000	1,525,042,000	1,552,937,000	1,563,912,000	1,574,400,000	1,590,808,000	1,590,481,000	1,599,502,000	1,602,467,000	716,565,000	721,096,000	725,093,000	726,132,000	481,629,000	489,389,000	8,273,000	-1,964,000	-1,852,000	-1,560,000	-1,267,000	-1,063,000	-996,000	-582,000	-585,000	-614,000	6,728,000	6,339,000	5,975,000	5,671,000	5,715,000	5,101,000	5,660,000
total equity	7,847,430,000	7,849,841,000	7,938,121,000	8,271,610,000	8,282,327,000	8,277,572,000	8,183,981,000	8,033,576,000	8,286,543,000	8,306,484,000	8,363,819,000	8,393,071,000	8,142,669,000	8,041,659,000	8,033,228,000	8,054,749,000	8,089,993,000	8,121,347,000	8,339,612,000	8,495,038,000	8,547,146,000	8,420,883,000	8,014,236,000	7,995,767,000			8,213,968,000	8,205,974,000	8,213,242,000	8,184,090,000	8,102,456,000	8,099,695,000	8,073,352,000	7,922,438,000	7,859,253,000	7,898,219,000	7,929,790,000	7,886,927,000	8,062,759,000	7,988,447,000	7,998,948,000	7,902,936,000	7,047,593,000	7,013,900,000	7,002,544,000	7,043,618,000	6,741,862,000	6,684,372,000	5,805,250,000	5,634,854,000	5,685,651,000	5,705,735,000	5,519,815,000	5,413,516,000	5,384,161,000	5,336,543,000	5,289,459,000	4,964,193,000	5,078,093,000	5,068,940,000	5,065,481,000	5,069,059,000	5,076,766,000	5,069,909,000	4,221,677,000
total liabilities and equity	25,621,190,000	25,436,521,000	26,084,980,000	26,405,536,000	25,474,448,000	25,525,978,000	26,026,149,000	24,739,148,000	25,341,680,000	24,625,422,000	24,207,669,000	23,726,691,000	23,266,433,000	22,475,634,000	22,365,258,000	22,848,810,000	22,059,076,000	22,213,552,000	22,858,190,000	22,959,215,000	23,000,777,000	21,829,698,000	21,284,905,000	21,288,575,000			20,256,477,000	20,137,498,000	19,961,163,000	19,583,939,000	19,372,233,000	19,308,518,000	19,281,762,000	18,966,627,000	18,789,899,000	18,963,965,000	19,175,830,000	18,379,456,000	18,980,263,000	19,113,959,000	19,179,071,000	19,886,767,000	18,875,160,000	18,898,533,000	18,979,568,000	20,162,251,000	19,519,708,000	19,462,784,000	15,623,279,000	15,462,321,000	15,141,943,000	15,280,629,000	14,212,857,000	14,782,966,000	13,980,798,000	13,884,212,000	13,835,473,000	13,348,263,000	13,048,836,000	12,787,701,000	12,251,342,000	12,348,703,000	11,631,777,000	11,580,664,000	10,871,936,000
redeemable deferred stock units— 133,051 and 128,227 units outstanding at redemption value at march 31, 2025 and december 31, 2024, respectively		8,940,000
treasury common stock at cost, 78,900 shares at march 31, 2025 and december 31, 2024		-2,722,000
redeemable deferred stock units— 128,227 and 119,471 units outstanding at redemption value at december 31, 2024 and december 31, 2023, respectively			9,535,000
treasury common stock at cost, 78,900 shares at december 31, 2024 and december 31, 2023			-2,722,000
redeemable deferred stock units— 132,930 and 119,471 units outstanding at redemption value at september 30, 2024 and december 31, 2023, respectively				10,696,000
treasury common stock at cost, 78,900 shares at september 30, 2024 and december 31, 2023				-2,722,000
related party note receivable					88,779,000	88,789,000	88,779,000	88,807,000	88,834,000	78,544,000	78,576,000	78,592,000	78,576,000	78,544,000	78,336,000	78,144,000	77,872,000	77,640,000	77,552,000	77,592,000	78,520,000	78,800,000	80,000,000	80,000,000	80,000,000	80,000,000	80,000,000	80,000,000																													270,000,000	270,000,000	270,000,000	270,000,000	270,000,000	270,000,000	270,000,000	270,000,000	270,000,000	270,000,000	270,000,000	270,000,000	100,000,000
unsecured term loan					698,776,000	1,199,430,000	1,198,301,000	1,197,173,000	1,196,046,000	1,194,916,000	730,000,000	730,000,000	728,795,000						499,390,000	499,270,000	499,150,000	499,058,000	498,939,000	498,819,000	498,700,000	498,607,000	498,488,000	498,368,000	498,248,000
redeemable deferred stock units— 128,584 and 119,471 units outstanding at redemption value at june 30, 2024 and december 31, 2023, respectively					7,916,000
treasury common stock at cost, 78,900 shares at june 30, 2024 and december 31, 2023					-2,722,000
boston properties, inc.consolidated balance sheets
redeemable deferred stock units— 124,656 and 119,471 units outstanding at redemption value at march 31, 2024 and december 31, 2023, respectively						8,141,000
stockholders’ equity attributable to boston properties, inc.:
treasury common stock at cost, 78,900 shares at march 31, 2024 and december 31, 2023						-2,722,000
total stockholders’ equity attributable to boston properties, inc.						5,857,699,000	5,876,697,000	5,788,083,000	6,040,052,000	6,062,787,000	6,132,919,000	6,155,618,000	5,929,749,000	5,843,602,000	5,834,020,000	5,716,818,000	5,749,342,000	5,775,641,000	5,996,083,000	6,129,568,000	6,182,067,000	6,047,866,000	5,684,687,000	5,671,954,000			5,883,171,000	5,876,566,000	5,892,840,000	5,879,028,000	5,813,957,000	5,825,218,000	5,814,374,000	5,775,533,000	5,725,931,000	5,732,897,000	5,749,783,000	5,709,435,000	5,851,915,000	5,782,978,000	5,782,172,000	5,697,298,000	5,725,026,000	5,691,029,000	5,702,070,000	5,741,153,000	5,683,060,000	5,624,848,000	5,256,874,000	5,097,065,000	5,119,356,000	5,134,054,000	4,963,152,000	4,865,998,000	4,825,536,000	4,757,914,000	4,696,042,000	4,372,643,000	4,461,911,000	4,443,377,000	4,437,243,000	4,446,002,000	4,450,591,000	4,444,056,000	3,647,168,000
redeemable deferred stock units— 119,471 and 97,853 units outstanding at redemption value at december 31, 2023 and december 31, 2022, respectively							8,383,000
treasury common stock at cost, 78,900 shares at december 31, 2023 and december 31, 2022							-2,722,000
redeemable deferred stock units— 114,124 and 97,853 units outstanding at redemption value at september 30, 2023 and december 31, 2022, respectively								6,788,000
treasury common stock at cost, 78,900 shares at september 30, 2023 and december 31, 2022								-2,722,000
accumulated other comprehensive income								2,866,000																																1,848,000
redeemable deferred stock units— 108,642 and 97,853 units outstanding at redemption value at june 30, 2023 and december 31, 2022, respectively									6,292,000
treasury common stock at cost, 78,900 shares at june 30, 2023 and december 31, 2022									-2,722,000
redeemable deferred stock units— 103,454 and 97,853 units outstanding at redemption value at march 31, 2023 and december 31, 2022, respectively										5,599,000
treasury common stock at cost, 78,900 shares at march 31, 2023 and december 31, 2022										-2,722,000
notes receivable														9,674,000	9,641,000	19,297,000	19,087,000	18,891,000	18,729,000	25,304,000	25,480,000
redeemable deferred stock units— 97,853 and 83,073 units outstanding at redemption value at december 31, 2022 and december 31, 2021, respectively											6,613,000
treasury common stock at cost, 78,900 shares at december 31, 2022 and december 31, 2021											-2,722,000
redeemable deferred stock units— 93,175 and 83,073 units outstanding at redemption value at september 30, 2022 and december 31, 2021, respectively												6,985,000
treasury common stock at cost, 78,900 shares at september 30, 2022 and december 31, 2021												-2,722,000
redeemable deferred stock units— 89,132 and 83,073 units outstanding at redemption value at june 30, 2022 and december 31, 2021, respectively													7,931,000
treasury common stock at cost, 78,900 shares at june 30, 2022 and december 31, 2021													-2,722,000
redeemable deferred stock units— 85,645 and 83,073 units outstanding at redemption value at march 31, 2022 and december 31, 2021, respectively														11,031,000
treasury common stock at cost, 78,900 shares at march 31, 2022 and december 31, 2021														-2,722,000
redeemable deferred stock units— 83,073 and 72,966 units outstanding at redemption value at december 31, 2021 and december 31, 2020, respectively															9,568,000
preferred stock, 0.01 par value, 50,000,000 shares authorized;
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at december 31, 2020
treasury common stock at cost, 78,900 shares at december 31, 2021 and december 31, 2020															-2,722,000
redeemable deferred stock units— 80,989 and 72,966 units outstanding at redemption value at september 30, 2021 and december 31, 2020, respectively																8,775,000
treasury common stock at cost, 78,900 shares at september 30, 2021 and december 31, 2020																-2,722,000
redeemable deferred stock units— 78,362 and 72,966 units outstanding at redemption value at june 30, 2021 and december 31, 2020, respectively																	8,980,000
treasury common stock at cost, 78,900 shares at june 30, 2021 and december 31, 2020																	-2,722,000
preferred stock redemption liability																		200,000,000
redeemable deferred stock units— 75,834 and 72,966 units outstanding at redemption value at march 31, 2021 and december 31, 2020, respectively																		7,679,000
treasury common stock at cost, 78,900 shares at march 31, 2021 and december 31, 2020																		-2,722,000
redeemable deferred stock units— 72,966 and 60,676 units outstanding at redemption value at december 31, 2020 and december 31, 2019, respectively																			6,897,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at december 31, 2020 and december 31, 2019																			200,000,000
treasury common stock at cost, 78,900 shares at december 31, 2020 and december 31, 2019																			-2,722,000
redeemable deferred stock units— 69,787 and 60,676 units outstanding at redemption value at september 30, 2020 and december 31, 2019, respectively																				5,604,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at september 30, 2020 and december 31, 2019																				200,000,000
treasury common stock at cost, 78,900 shares at september 30, 2020 and december 31, 2019																				-2,722,000
redeemable deferred stock units— 66,424 and 60,676 units outstanding at redemption value at june 30, 2020 and december 31, 2019, respectively																					6,003,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at june 30, 2020 and december 31, 2019																					200,000,000
treasury common stock at cost, 78,900 shares at june 30, 2020 and december 31, 2019																					-2,722,000
redeemable deferred stock units— 63,475 and 60,676 units outstanding at redemption value at march 31, 2020 and december 31, 2019, respectively																						5,854,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at march 31, 2020 and december 31, 2019																						200,000,000
treasury common stock at cost, 78,900 shares at march 31, 2020 and december 31, 2019																						-2,722,000
redeemable deferred stock units— 60,676 units outstanding at redemption value at december 31, 2019																							8,365,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at december 31, 2019 and december 31, 2018																							200,000,000
treasury common stock at cost, 78,900 shares at december 31, 2019 and december 31, 2018																							-2,722,000
redeemable deferred stock units—54,610 units outstanding at redemption value at september 30, 2019																								7,081,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at september 30, 2019 and december 31, 2018																								200,000,000
treasury common stock at cost, 78,900 shares at september 30, 2019 and december 31, 2018																								-2,722,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at december 31, 2018 and december 31, 2017																											200,000,000
treasury common stock at cost, 78,900 shares at december 31, 2018 and december 31, 2017																											-2,722,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at september 30, 2018 and december 31, 2017																												200,000,000
treasury common stock at cost, 78,900 shares at september 30, 2018 and december 31, 2017																												-2,722,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at june 30, 2018 and december 31, 2017																													200,000,000
treasury common stock at cost, 78,900 shares at june 30, 2018 and december 31, 2017																													-2,722,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at march 31, 2018 and december 31, 2017																														200,000,000
treasury common stock at cost, 78,900 shares at march 31, 2018 and december 31, 2017																														-2,722,000
less: accumulated depreciation (amounts related to vies of (854,172) and (758,640) at december 31, 2017 and 2016, respectively																															-4,589,634,000
mezzanine notes payable																																		306,734,000	307,448,000	307,797,000	308,142,000	308,482,000	308,817,000	309,148,000	309,475,000	309,796,000	310,114,000	310,427,000	310,735,000	311,040,000	311,340,000	311,637,000
outside members’ notes payable																																		180,000,000	180,000,000			180,000,000		180,000,000	180,000,000	180,000,000	180,000,000	180,000,000	180,000,000	180,000,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at december 31, 2017 and december 31, 2016																															200,000,000
treasury common stock at cost, 78,900 shares at december 31, 2017 and december 31, 2016																															-2,722,000
common units of the operating partnership																															604,739,000				608,280,000	612,385,000	616,095,000	603,092,000	620,036,000	614,988,000	617,274,000	603,171,000	606,002,000	601,775,000	575,381,000	576,333,000	577,173,000	570,135,000	540,103,000	539,753,000	568,147,000	573,241,000	557,930,000	548,581,000	559,621,000	579,211,000	594,002,000	592,164,000	609,454,000	619,224,000	622,263,000	617,386,000	620,460,000	620,752,000	568,849,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at september 30, 2017 and december 31, 2016																																200,000,000
treasury common stock at cost, 78,900 shares at september 30, 2017 and december 31, 2016																																-2,722,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at june 30, 2017 and december 31, 2016																																	200,000,000
treasury common stock at cost, 78,900 shares at june 30, 2017 and december 31, 2016																																	-2,722,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at march 31, 2017 and december 31, 2016																																		200,000,000
treasury common stock at cost, 78,900 shares at march 31, 2017 and december 31, 2016																																		-2,722,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at september 30, 2016 and december 31, 2015																																			200,000,000
treasury common stock at cost, 78,900 shares at september 30, 2016 and december 31, 2015																																			-2,722,000
construction in progress																																				865,359,000	857,578,000		725,601,000	880,996,000	797,148,000		715,609,000	1,309,781,000	1,564,821,000		1,502,017,000	1,483,114,000	1,145,517,000		937,475,000	732,734,000	870,006,000
land held for future development																																				241,106,000	256,952,000		264,598,000	277,327,000	271,327,000		276,804,000	273,587,000	300,498,000		295,370,000	290,085,000	503,684,000		273,922,000	270,169,000	268,030,000		266,834,000	284,115,000	759,786,000		754,120,000	732,006,000	730,201,000		241,617,000	240,377,000	239,765,000		253,891,000	253,313,000	266,555,000		212,801,000	189,698,000	185,093,000
outside members' notes payable																																				180,000,000	180,000,000		180,000,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at june 30, 2016 and december 31, 2015																																				200,000,000
treasury common stock at cost, 78,900 shares at june 30, 2016 and december 31, 2015																																				-2,722,000
5.25% series b cumulative redeemable preferred stock, 0.01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at march 31, 2016 and december 31, 2015																																					200,000,000
treasury common stock at cost, 78,900 shares at march 31, 2016 and december 31, 2015																																					-2,722,000
redeemable preferred units of the operating partnership																																									633,000	633,000	2,022,000	18,006,000	51,312,000	51,312,000	67,806,000	110,876,000	110,876,000	110,876,000	110,876,000	51,537,000	51,537,000	55,652,000	55,652,000	55,652,000	55,652,000	55,652,000	55,652,000	55,652,000	55,652,000	55,652,000	55,652,000	55,652,000	55,652,000
redeemable interest in property partnership																																								106,233,000	105,520,000	104,692,000	104,105,000	103,778,000	100,327,000	99,609,000	98,649,000	98,162,000	98,216,000	97,558,000
excess stock, .01 par value, 150,000,000 shares authorized, none issued or outstanding
preferred stock, .01 par value, 50,000,000 shares authorized;
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at december 31, 2015 and december 31, 2014																																						200,000,000
treasury common stock at cost, 78,900 shares at december 31, 2015 and december 31, 2014																																						-2,722,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at september 30, 2015 and december 31, 2014																																							200,000,000
treasury common stock at cost, 78,900 shares at september 30, 2015 and december 31, 2014																																							-2,722,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at june 30, 2015 and december 31, 2014																																								200,000,000
treasury common stock at cost, 78,900 shares at june 30, 2015 and december 31, 2014																																								-2,722,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at march 31, 2015 and december 31, 2014																																									200,000,000
treasury common stock at cost, 78,900 shares at march 31, 2015 and december 31, 2014																																									-2,722,000
unsecured exchangeable senior notes																																														744,880,000	739,536,000	734,278,000	1,177,877,000	1,170,356,000	1,162,955,000	1,155,669,000	1,148,497,000	1,715,685,000	1,754,343,000	1,743,337,000	1,732,496,000	1,721,817,000	1,759,490,000	1,748,814,000	1,864,840,000	1,904,081,000	1,892,753,000	1,881,482,000	1,870,600,000	2,038,899,000	2,037,506,000	1,296,252,000	1,295,185,000	1,294,126,000	1,293,074,000	1,292,022,000	1,290,985,000	450,000,000
preferred stock, .01 par value, 50,000,000 shares authorized; 5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at december 31, 2014 and december 31, 2013, respectively																																										200,000,000
treasury common stock at cost, 78,900 shares at december 31, 2014 and december 31, 2013																																										-2,722,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at september 30, 2014 and december 31, 2013																																											200,000,000
treasury common stock at cost, 78,900 shares at september 30, 2014 and december 31, 2013																																											-2,722,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at june 30, 2014 and december 31, 2013																																												200,000,000
treasury common stock at cost, 78,900 shares at june 30, 2014 and december 31, 2013																																												-2,722,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 shares issued and outstanding at march 31, 2014 and december 31, 2013																																													200,000,000
treasury common stock at cost, 78,900 shares at march 31, 2014 and december 31, 2013																																													-2,722,000
interest receivable from related party notes receivable																																																	106,313,000	104,816,000	102,122,000	98,866,000	95,126,000	89,854,000
preferred stock, .01 par value, 50,000,000 shares authorized; 5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 and no shares issued and outstanding at december 31, 2013 and december 31, 2012, respectively																																														200,000,000
treasury common stock at cost, 78,900 shares at december 31, 2013 and december 31, 2012																																														-2,722,000
related party notes payable																																															180,000,000	180,000,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 and no shares issued and outstanding at september 30, 2013 and december 31, 2012, respectively																																															200,000,000
earnings																																															246,206,000	192,492,000										-24,763,000
treasury common stock at cost, 78,900 shares at september 30, 2013 and december 31, 2012																																															-2,722,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 and no shares issued and outstanding at june 30, 2013 and december 31, 2012, respectively																																																200,000,000
treasury common stock at cost, 78,900 shares at june 30, 2013 and december 31, 2012																																																-2,722,000
real estate held for sale																																																	37,909,000																								18,282,000
5.25% series b cumulative redeemable preferred stock, .01 par value, liquidation preference 2,500 per share, 92,000 shares authorized, 80,000 and no shares issued and outstanding at march 31, 2013 and december 31, 2012, respectively																																																	200,000,000
treasury common stock at cost, 78,900 shares at march 31, 2013 and december 31, 2012																																																	-2,722,000
preferred stock, .01 par value, 50,000,000 shares authorized, none issued or outstanding
treasury common stock at cost, 78,900 shares at december 31, 2012 and december 31, 2011																																																		-2,722,000
noncontrolling interest:
treasury common stock at cost, 78,900 shares at september 30, 2012 and december 31, 2011																																																			-2,722,000
treasury common stock at cost, 78,900 shares at june 30, 2012 and december 31, 2011																																																				-2,722,000
treasury common stock at cost, 78,900 shares at march 31, 2012 and december 31, 2011																																																					-2,722,000
real estate, at cost:																																																						13,389,472,000				12,764,935,000				11,099,558,000				10,618,344,000				10,249,895,000				9,552,458,000
stockholders’ equity attributable to boston properties, inc.
treasury common stock at cost, 78,900 shares at december 31, 2011 and 2010																																																						-2,722,000
construction in process																																																							899,302,000	982,318,000	681,342,000		1,003,508,000	632,731,000	662,809,000		976,758,000	934,397,000	916,220,000		813,404,000	735,372,000	619,165,000		629,138,000	584,620,000	500,995,000
interest receivable from related party note receivable																																																							84,782,000	79,884,000	75,280,000
treasury common stock at cost, 78,900 shares at september 30, 2011 and december 31, 2010																																																							-2,722,000
treasury common stock at cost, 78,900 shares at june 30, 2011 and december 31, 2010																																																								-2,722,000
treasury common stock at cost, 78,900 shares at march 31, 2011 and december 31, 2010																																																									-2,722,000
investment in securities																																																										8,732,000				9,946,000				11,590,000				22,584,000
treasury common stock at cost, 78,900 shares in 2010 and 2009																																																										-2,722,000	-2,722,000	-2,722,000	-2,722,000
earnings in excess of dividends																																																											58,051,000	70,426,000	78,645,000	95,433,000	111,463,000	115,027,000	117,082,000	192,843,000	366,482,000	399,502,000	401,410,000	394,324,000	1,065,993,000	904,417,000	881,733,000	108,155,000
treasury common stock at cost, 78,900 shares in 2009 and 2008																																																														-2,722,000	-2,722,000	-2,722,000	-2,722,000
liabilities and stockholders' equity
minority interests																																																																		598,627,000	639,171,000	663,313,000	654,512,000	653,892,000	753,620,000	731,043,000	726,937,000	623,508,000
stockholders' equity:
treasury common stock at cost, 78,900 shares in 2008 and 2007																																																																		-2,722,000	-2,722,000	-2,722,000	-2,722,000
total stockholders' equity																																																																		3,531,267,000				3,668,825,000
total liabilities and stockholders' equity																																																																		10,911,645,000				11,192,637,000
liabilities and stockholders’ equity
stockholders’ equity:
total stockholders’ equity																																																																			3,644,872,000	3,697,997,000	3,664,437,000		4,347,882,000	4,163,344,000	4,137,609,000	3,223,226,000
total liabilities and stockholders’ equity																																																																			10,873,334,000	10,387,925,000	10,349,487,000		10,985,621,000	10,994,602,000	11,085,740,000	9,695,022,000
treasury common stock at cost, 78,900 shares in 2007 and 2006																																																																						-2,722,000	-2,722,000	-2,722,000	-2,722,000
treasury common stock at cost, 78,900 shares in 2006 and 2005																																																																										-2,722,000

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The information provided in this report about Boston Properties stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.