Boston Properties, Inc(NYSE:BXP) 
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real ...
Website: http://www.bostonproperties.com
Founded: 1970
Full Time Employees: 760
Sector: Real Estate
Industry: REIT-Office
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| Unit: USD | 2025-12-31 | 2025-09-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease | 809,150,000 | 809,820,000 | 805,935,000 | 811,102,000 | 798,189,000 | 799,471,000 | 790,555,000 | 788,590,000 | 768,884,000 | 767,181,000 | 761,733,000 | 756,875,000 | 739,094,000 | 739,255,000 | 721,899,000 | 718,120,000 | 690,912,000 | 692,260,000 | 684,025,000 | 685,817,000 | 639,357,000 | 666,674,000 | 630,119,000 | 710,111,000 | 706,349,000 | 692,225,000 | 680,189,000 | 679,251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
parking and other | 42,883,000 | 35,390,000 | 34,799,000 | 30,242,000 | 34,056,000 | 34,255,000 | 34,615,000 | 32,216,000 | 31,497,000 | 30,428,000 | 26,984,000 | 24,009,000 | 26,991,000 | 28,154,000 | 30,346,000 | 21,734,000 | 23,087,000 | 23,507,000 | 18,282,000 | 16,938,000 | 15,903,000 | 16,327,000 | 13,946,000 | 24,504,000 | 26,727,000 | 25,582,000 | 26,319,000 | 24,906,000 | 27,831,000 | 26,552,000 | 26,904,000 | 26,134,000 | 26,836,000 | 26,092,000 | 26,462,000 | 25,610,000 | 24,638,000 | 26,113,000 | 24,825,000 | 25,132,000 | 25,509,000 | 26,552,000 | 24,788,000 | 25,724,000 | 26,236,000 | 26,300,000 | 24,333,000 | 24,533,000 | 25,246,000 | 23,969,000 | 23,830,000 | 22,614,000 | 23,070,000 | 23,524,000 | 22,428,000 | 21,234,000 | 21,694,000 | 21,101,000 | 19,068,000 | 16,920,000 | 15,850,000 | 16,423,000 | 15,297,000 | 15,357,000 | 15,883,000 | 18,416,000 | 16,941,000 | 17,663,000 | 16,624,000 | 17,317,000 | 16,501,000 | 16,845,000 | 16,328,000 | 16,488,000 | 15,321,000 | |
hotel | 12,464,000 | 13,162,000 | 14,773,000 | 9,597,000 | 13,144,000 | 15,082,000 | 14,812,000 | 8,186,000 | 11,803,000 | 13,484,000 | 13,969,000 | 8,101,000 | 11,087,000 | 11,749,000 | 12,089,000 | 4,557,000 | 6,227,000 | 5,189,000 | 1,561,000 | 632,000 | 464,000 | 90,000 | 99,000 | 6,825,000 | 8,318,000 | 8,743,000 | 9,080,000 | 7,863,000 | 8,221,000 | 8,828,000 | 8,741,000 | 8,073,000 | 8,117,000 | 8,447,000 | 8,404,000 | 7,091,000 | 8,118,000 | 7,978,000 | 7,634,000 | 7,888,000 | 8,125,000 | 8,495,000 | 7,576,000 | 7,539,000 | 7,585,000 | 7,315,000 | 6,797,000 | 7,488,000 | 6,580,000 | 7,335,000 | 7,044,000 | 8,519,000 | 6,886,000 | 6,616,000 | 6,099,000 | 8,076,000 | 6,032,000 | 6,281,000 | 5,739,000 | 7,602,000 | 6,194,000 | 6,089,000 | 5,268,000 | 7,717,000 | 5,418,000 | 5,359,000 | 5,472,000 | 8,846,000 | 6,318,000 | 6,449,000 | 5,897,000 | 9,059,000 | 6,275,000 | 6,417,000 | 6,014,000 | |
development and management services | 8,641,000 | 9,317,000 | 8,846,000 | 9,775,000 | 8,784,000 | 6,770,000 | 6,352,000 | 6,154,000 | 12,728,000 | 9,284,000 | 9,858,000 | 8,980,000 | 8,406,000 | 7,465,000 | 6,354,000 | 5,831,000 | 7,516,000 | 6,094,000 | 7,284,000 | 6,803,000 | 6,356,000 | 7,281,000 | 8,125,000 | 7,879,000 | 10,473,000 | 10,303,000 | 9,986,000 | 9,277,000 | 12,195,000 | 15,253,000 | 9,305,000 | 8,405,000 | 9,957,000 | 10,811,000 | 7,365,000 | 6,472,000 | 6,364,000 | 5,533,000 | 6,689,000 | 6,452,000 | 5,912,000 | 4,862,000 | 5,328,000 | 7,119,000 | 6,475,000 | 6,506,000 | 5,216,000 | 7,623,000 | 5,479,000 | 7,857,000 | 8,736,000 | 8,343,000 | 8,024,000 | 9,564,000 | 8,149,000 | 8,729,000 | 8,180,000 | 9,098,000 | 7,428,000 | 6,964,000 | 6,439,000 | 18,884,000 | 8,944,000 | 8,277,000 | 9,754,000 | 8,551,000 | 8,296,000 | 9,024,000 | 9,557,000 | 6,460,000 | 5,477,000 | 5,378,000 | 5,318,000 | 5,130,000 | 4,727,000 | |
direct reimbursements of payroll and related costs from management services contracts | 3,959,000 | 3,821,000 | 4,104,000 | 4,499,000 | 4,398,000 | 3,649,000 | 4,148,000 | 4,293,000 | 4,021,000 | 3,906,000 | 4,609,000 | 5,235,000 | 4,246,000 | 3,900,000 | 3,239,000 | 4,065,000 | 3,321,000 | 3,006,000 | 2,655,000 | 3,505,000 | 3,009,000 | 2,896,000 | 2,484,000 | 3,237,000 | 2,159,000 | 2,429,000 | 2,403,000 | 3,395,000 | 2,219,000 | 2,516,000 | 1,970,000 | 2,885,000 | ||||||||||||||||||||||||||||||||||||||||||||
total revenue | 877,097,000 | 871,510,000 | 868,457,000 | 865,215,000 | 858,571,000 | 859,227,000 | 850,482,000 | 839,439,000 | 828,933,000 | 824,283,000 | 817,153,000 | 803,200,000 | 789,824,000 | 790,523,000 | 773,927,000 | 754,307,000 | 731,063,000 | 730,056,000 | 713,807,000 | 713,695,000 | 665,089,000 | 693,268,000 | 654,773,000 | 752,556,000 | 757,501,000 | 743,553,000 | 733,741,000 | 725,767,000 | 705,157,000 | 686,284,000 | 664,484,000 | 661,151,000 | 655,229,000 | 657,712,000 | 656,907,000 | 632,228,000 | 625,228,000 | 623,546,000 | 665,985,000 | 624,240,000 | 629,884,000 | 618,221,000 | 618,476,000 | 613,707,000 | 618,803,000 | 589,794,000 | 574,694,000 | 568,705,000 | 574,082,000 | 515,320,000 | 483,014,000 | 487,239,000 | 470,904,000 | 472,897,000 | 447,662,000 | 452,787,000 | 452,413,000 | 436,451,000 | 417,875,000 | 386,841,000 | 388,224,000 | 395,958,000 | 379,781,000 | 377,912,000 | 377,303,000 | 389,490,000 | 377,544,000 | 392,273,000 | 357,048,000 | 368,520,000 | 370,559,000 | 371,959,000 | 371,507,000 | 375,128,000 | 363,695,000 | |
yoy | 2.16% | 1.43% | 2.11% | 3.07% | 3.58% | 4.24% | 4.08% | 4.51% | 4.95% | 4.27% | 5.59% | 6.48% | 8.04% | 8.28% | 8.42% | 5.69% | 9.92% | 5.31% | 9.02% | -5.16% | -12.20% | -6.76% | -10.76% | 3.69% | 7.42% | 8.34% | 10.42% | 9.77% | 7.62% | 4.34% | 1.15% | 4.57% | 4.80% | 5.48% | -1.36% | 1.28% | -0.74% | 0.86% | 7.68% | 1.72% | 1.79% | 4.82% | 7.62% | 7.91% | 7.79% | 14.45% | 18.98% | 16.72% | 21.91% | 8.97% | 7.90% | 7.61% | 4.09% | 8.35% | 7.13% | 17.05% | 16.53% | 10.23% | 10.03% | 2.36% | 2.89% | 1.66% | 0.59% | -3.66% | 5.67% | 5.69% | 1.88% | 5.46% | -3.89% | -1.76% | 1.89% | |||||
qoq | 0.64% | 0.35% | 0.37% | 0.77% | -0.08% | 1.03% | 1.32% | 1.27% | 0.56% | 0.87% | 1.74% | 1.69% | -0.09% | 2.14% | 2.60% | 3.18% | 0.14% | 2.28% | 0.02% | 7.31% | -4.06% | 5.88% | -12.99% | -0.65% | 1.88% | 1.34% | 1.10% | 2.92% | 2.75% | 3.28% | 0.50% | 0.90% | -0.38% | 0.12% | 3.90% | 1.12% | 0.27% | -6.37% | 6.69% | -0.90% | 1.89% | -0.04% | 0.78% | -0.82% | 4.92% | 2.63% | 1.05% | -0.94% | 11.40% | 6.69% | -0.87% | 3.47% | -0.42% | 5.64% | -1.13% | 0.08% | 3.66% | 4.45% | 8.02% | -0.36% | -1.95% | 4.26% | 0.49% | 0.16% | -3.13% | 3.16% | -3.75% | 9.87% | -3.11% | -0.55% | -0.38% | 0.12% | -0.97% | 3.14% | ||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental | 339,693,000 | 331,736,000 | 332,062,000 | 331,578,000 | 323,358,000 | 327,897,000 | 321,426,000 | 314,157,000 | 301,411,000 | 300,192,000 | 291,036,000 | 291,308,000 | 282,265,000 | 281,702,000 | 273,848,000 | 270,255,000 | 256,778,000 | 258,281,000 | 248,703,000 | 257,389,000 | 256,194,000 | 258,261,000 | 239,787,000 | 262,966,000 | 268,919,000 | 265,603,000 | 257,971,000 | 257,517,000 | 253,043,000 | 247,989,000 | 237,790,000 | 240,329,000 | 233,895,000 | 237,341,000 | 230,454,000 | 228,287,000 | 228,560,000 | 217,938,000 | 219,172,000 | 216,642,000 | 219,796,000 | 214,464,000 | 221,350,000 | 211,077,000 | 215,179,000 | 202,646,000 | 206,388,000 | 195,744,000 | 200,350,000 | 179,837,000 | 172,620,000 | 170,125,000 | 168,939,000 | 161,853,000 | 157,506,000 | 154,146,000 | 154,985,000 | 144,875,000 | 139,971,000 | 125,384,000 | 128,041,000 | 123,284,000 | 124,985,000 | 124,188,000 | 129,020,000 | 124,730,000 | 123,861,000 | 123,479,000 | 127,715,000 | 119,103,000 | 117,733,000 | 114,501,000 | 114,140,000 | 113,624,000 | 113,575,000 | |
general and administrative | 37,801,000 | 36,188,000 | 42,516,000 | 52,284,000 | 32,504,000 | 33,352,000 | 44,109,000 | 50,018,000 | 38,771,000 | 31,410,000 | 44,175,000 | 55,802,000 | 36,000,000 | 32,519,000 | 34,665,000 | 43,194,000 | 33,649,000 | 34,560,000 | 38,405,000 | 44,959,000 | 31,053,000 | 27,862,000 | 37,743,000 | 36,454,000 | 32,797,000 | 31,147,000 | 35,071,000 | 41,762,000 | 27,683,000 | 29,677,000 | 28,468,000 | 35,894,000 | 29,396,000 | 25,792,000 | 27,141,000 | 31,386,000 | 25,165,000 | 25,418,000 | 29,353,000 | 24,300,000 | 20,944,000 | 22,284,000 | 28,791,000 | 23,172,000 | 22,589,000 | 23,271,000 | 29,905,000 | 20,656,000 | 24,841,000 | 22,194,000 | 43,571,000 | 15,940,000 | 19,757,000 | 19,066,000 | 27,619,000 | 19,390,000 | 17,340,000 | 20,069,000 | 24,643,000 | 17,121,000 | 18,067,000 | 17,648,000 | 26,822,000 | 19,506,000 | 19,989,000 | 18,532,000 | 17,420,000 | 16,552,000 | 18,758,000 | 17,467,000 | 19,588,000 | 16,594,000 | 20,189,000 | 16,291,000 | 16,808,000 | |
payroll and related costs from management services contracts | 3,959,000 | 3,821,000 | 4,104,000 | 4,499,000 | 4,398,000 | 3,649,000 | 4,148,000 | 4,293,000 | 4,021,000 | 3,906,000 | 4,609,000 | 5,235,000 | 4,246,000 | 3,900,000 | 3,239,000 | 4,065,000 | 3,321,000 | 3,006,000 | 2,655,000 | 3,505,000 | 3,009,000 | 2,896,000 | 2,484,000 | 3,237,000 | 2,159,000 | 2,429,000 | 2,403,000 | 3,395,000 | 2,219,000 | 2,516,000 | 1,970,000 | 2,885,000 | ||||||||||||||||||||||||||||||||||||||||||||
transaction costs | 122,000 | 1,431,000 | 357,000 | 768,000 | 707,000 | 188,000 | 189,000 | 513,000 | 2,343,000 | 751,000 | 308,000 | 911,000 | 759,000 | 1,650,000 | 496,000 | 2,066,000 | 1,888,000 | 751,000 | 331,000 | 277,000 | 307,000 | 332,000 | 615,000 | 569,000 | 538,000 | 417,000 | 460,000 | 195,000 | 914,000 | 474,000 | 21,000 | 96,000 | 239,000 | 299,000 | 34,000 | 249,000 | 913,000 | 25,000 | 470,000 | 254,000 | 208,000 | 327,000 | 640,000 | 1,402,000 | 661,000 | 437,000 | 766,000 | 535,000 | 443,000 | 401,000 | 1,140,000 | 8,000 | 2,104,000 | |||||||||||||||||||||||
depreciation and amortization | 232,015,000 | 236,147,000 | 223,819,000 | 220,107,000 | 226,043,000 | 222,890,000 | 219,542,000 | 218,716,000 | 212,067,000 | 207,435,000 | 202,577,000 | 208,734,000 | 198,330,000 | 190,675,000 | 183,146,000 | 177,624,000 | 177,521,000 | 179,412,000 | 183,838,000 | 176,565,000 | 168,013,000 | 166,456,000 | 178,188,000 | 171,094,000 | 169,897,000 | 165,862,000 | 177,411,000 | 164,594,000 | 165,439,000 | 157,996,000 | 156,417,000 | 165,797,000 | 154,259,000 | 152,164,000 | 151,919,000 | 159,205,000 | 203,748,000 | 153,175,000 | 159,448,000 | 164,460,000 | 153,015,000 | 167,844,000 | 154,223,000 | 162,430,000 | 157,245,000 | 154,628,000 | 154,270,000 | 151,714,000 | 154,193,000 | 134,604,000 | 120,595,000 | 121,125,000 | 111,360,000 | 111,643,000 | 109,673,000 | 109,181,000 | 109,495,000 | 111,080,000 | 109,428,000 | 92,763,000 | 81,133,000 | 81,400,000 | 83,075,000 | 79,125,000 | 78,181,000 | 87,005,000 | 77,370,000 | 79,766,000 | 75,321,000 | 74,389,000 | 74,671,000 | 69,315,000 | 71,616,000 | 74,621,000 | 70,478,000 | |
total expenses | 622,631,000 | 618,951,000 | 612,223,000 | 616,801,000 | 596,611,000 | 597,809,000 | 599,253,000 | 593,712,000 | 566,986,000 | 552,714,000 | 550,866,000 | 568,661,000 | 529,246,000 | 518,994,000 | 501,838,000 | 499,978,000 | 478,340,000 | 481,093,000 | 476,348,000 | 484,800,000 | 459,724,000 | 458,946,000 | 460,507,000 | 481,187,000 | 482,659,000 | 474,322,000 | 482,353,000 | 475,591,000 | 456,800,000 | 447,920,000 | 433,860,000 | 452,999,000 | 425,763,000 | 423,983,000 | 418,217,000 | 426,003,000 | 467,623,000 | 405,422,000 | 415,632,000 | 413,760,000 | 402,134,000 | 413,295,000 | 412,267,000 | 404,858,000 | 404,000,000 | 388,521,000 | 397,797,000 | 375,602,000 | 386,730,000 | 344,505,000 | 352,579,000 | 316,110,000 | 308,082,000 | 299,186,000 | 303,001,000 | 290,812,000 | 287,903,000 | 282,318,000 | 279,853,000 | -50,264,000 | 331,700,000 | 331,905,000 | 326,949,000 | 318,206,000 | 308,397,000 | 313,559,000 | 331,406,000 | 311,680,000 | 302,738,000 | 281,715,000 | 289,516,000 | 277,758,000 | 284,844,000 | 284,696,000 | 281,523,000 | |
other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures | -38,448,000 | -148,329,000 | -3,324,000 | -2,139,000 | 1,594,000 | -7,011,000 | -5,799,000 | 19,186,000 | -6,668,000 | -7,569,000 | -347,250 | -3,524,000 | -54,000 | 2,189,000 | -1,373,000 | 5,225,000 | -79,700,000 | -6,873,000 | 1,832,000 | -369,000 | -936,000 | -649,000 | 47,964,000 | 213,000 | 5,305,000 | -4,313,000 | 769,000 | 461,000 | 4,197,000 | 843,000 | 3,108,000 | 3,084,000 | 1,464,000 | 2,234,000 | 1,791,000 | 2,211,000 | 2,647,000 | 3,078,000 | 14,834,000 | 2,700,000 | 4,419,000 | 2,834,000 | 2,816,000 | 2,834,000 | 14,736,000 | 48,783,000 | 8,721,000 | 6,949,000 | 9,217,000 | 21,191,000 | 11,721,000 | 57,712,000 | 11,326,000 | 8,882,000 | 7,976,000 | 9,834,000 | 11,565,000 | 7,465,000 | 7,910,000 | 962,000 | 6,350,000 | -351,000 | 5,097,000 | -187,559,000 | 2,644,000 | 1,855,000 | 1,042,000 | 805,000 | 1,390,000 | 17,268,000 | 965,000 | |||||
gains on sales of real estate | 156,410,000 | 1,932,000 | 85,000 | 517,000 | 517,000 | 55,726,000 | 262,345,000 | 96,247,000 | 22,701,000 | 115,556,000 | 348,000 | 7,756,000 | 5,259,000 | -209,000 | 203,767,000 | 410,165,000 | -57,000 | -15,000 | 1,686,000 | -905,000 | 59,804,000 | 7,863,000 | 18,292,000 | 96,397,000 | 872,000 | 2,891,000 | 3,767,000 | 133,000 | 12,983,000 | 67,623,000 | 81,332,000 | 199,479,000 | 95,084,000 | 126,102,000 | 41,937,000 | 969,000 | 1,765,000 | 2,420,500 | 2,394,000 | 4,493,000 | 2,795,000 | |||||||||||||||||||||||||||||||||||
loss on sales-type lease | -2,490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 12,351,000 | 7,620,000 | 8,063,000 | 7,750,000 | 20,452,000 | 14,430,000 | 10,788,000 | 14,529,000 | 20,965,000 | 20,715,000 | 17,343,000 | 10,941,000 | 5,789,000 | 3,728,000 | 1,195,000 | 1,228,000 | 1,564,000 | 1,520,000 | 1,452,000 | 1,168,000 | 1,676,000 | -45,000 | 1,305,000 | 3,017,000 | 4,393,000 | 7,178,000 | 3,615,000 | 3,753,000 | 3,774,000 | 2,822,000 | 2,579,000 | 1,648,000 | 2,336,000 | 1,329,000 | 1,504,000 | 614,000 | 3,628,000 | 1,524,000 | 1,505,000 | 440,000 | 3,637,000 | 1,293,000 | 1,407,000 | 1,924,000 | 3,421,000 | 2,109,000 | 1,311,000 | 1,664,000 | 3,879,000 | 1,296,000 | 1,471,000 | 2,062,000 | 4,001,000 | 2,382,000 | 1,646,000 | 1,179,000 | 1,252,000 | 1,953,000 | 974,000 | |||||||||||||||||
gains from investments in securities | 846,000 | 2,400,000 | 2,600,000 | -365,000 | -369,000 | 2,198,000 | 315,000 | 2,272,000 | 3,245,000 | -925,000 | 1,571,000 | 1,665,000 | 2,096,000 | -1,571,000 | -4,716,000 | -2,262,000 | 1,882,000 | -190,000 | 2,275,000 | 1,659,000 | 4,296,000 | 1,858,000 | 4,552,000 | -5,445,000 | 2,177,000 | 106,000 | 1,165,000 | 2,969,000 | -3,319,000 | 1,075,000 | 505,000 | -126,000 | 962,000 | 944,000 | 730,000 | 1,042,000 | 976,000 | 478,000 | 259,000 | 493,000 | -1,515,000 | -24,000 | 393,000 | 387,000 | -297,000 | 662,000 | 286,000 | 1,039,000 | 956,000 | 181,000 | 735,000 | 187,000 | 587,000 | -186,000 | 801,000 | 38,000 | -860,000 | 6,000 | 373,000 | 1,188,000 | -731,000 | |||||||||||||||
unrealized gain on non-real estate investments | -2,000 | 178,000 | -39,000 | -483,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | -16,902,000 | -68,901,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from early extinguishment of debt | -338,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -162,612,000 | -164,299,000 | -162,783,000 | -163,444,000 | -170,390,000 | -163,194,000 | -149,642,000 | -161,891,000 | -155,080,000 | -147,812,000 | -142,473,000 | -134,207,000 | -119,923,000 | -111,846,000 | -104,142,000 | -101,228,000 | -103,331,000 | -105,794,000 | -106,319,000 | -107,902,000 | -111,991,000 | -110,993,000 | -107,142,000 | -101,591,000 | -102,880,000 | -106,471,000 | -102,357,000 | -101,009,000 | -100,378,000 | -95,366,000 | -92,204,000 | -90,220,000 | -91,772,000 | -92,032,000 | -95,143,000 | -95,534,000 | -104,641,000 | -105,003,000 | -105,309,000 | -106,178,000 | -108,727,000 | -108,534,000 | -108,757,000 | -117,904,000 | -113,308,000 | -110,977,000 | -113,554,000 | -121,134,000 | -122,173,000 | -103,140,000 | -100,433,000 | -105,396,000 | -105,030,000 | -99,901,000 | -103,237,000 | -103,967,000 | -95,777,000 | -95,236,000 | -99,151,000 | |||||||||||||||||
net income | 294,789,000 | -116,840,000 | 119,141,000 | 86,905,000 | -237,817,000 | 108,452,000 | 106,949,000 | 106,604,000 | 153,155,000 | -103,543,000 | 136,184,000 | 105,628,000 | 155,723,000 | 420,661,000 | 267,243,000 | 176,957,000 | 223,285,000 | 139,250,000 | 141,250,000 | 128,147,000 | 24,905,000 | 118,060,000 | 298,580,000 | 577,146,000 | 176,009,000 | 141,370,000 | 203,461,000 | 131,159,000 | 185,241,000 | 150,445,000 | 160,565,000 | 216,312,000 | 132,203,000 | 147,704,000 | 167,010,000 | 115,564,000 | 71,504,000 | 117,357,000 | 216,222,000 | 166,738,000 | 323,271,000 | 100,739,000 | 209,170,000 | 211,425,000 | 150,975,000 | 95,901,000 | 67,756,000 | 106,312,000 | 170,436,000 | 506,761,000 | 57,931,000 | 57,280,000 | 66,103,000 | 134,746,000 | 74,010,000 | 115,443,000 | 80,451,000 | 69,738,000 | 48,194,000 | -12,756,000 | 68,089,000 | 72,487,000 | 62,507,000 | 62,746,000 | 77,650,000 | 80,073,000 | 54,030,000 | |||||||||
yoy | -223.96% | -207.73% | 11.40% | -18.48% | -255.28% | -204.74% | -21.47% | 0.92% | -1.65% | -124.61% | -49.04% | -40.31% | -30.26% | 202.09% | 89.20% | 38.09% | 796.55% | 17.95% | -52.69% | -77.80% | -85.85% | -16.49% | 46.75% | 340.04% | -4.98% | -6.03% | 26.72% | -39.37% | 40.12% | 1.86% | -3.86% | 87.18% | 84.89% | 25.86% | -22.76% | -30.69% | -77.88% | 16.50% | 3.37% | -21.14% | 114.12% | 5.04% | 208.71% | 98.87% | -11.42% | -81.08% | 16.96% | 85.60% | 157.83% | 276.09% | -21.73% | -50.38% | -17.83% | 93.22% | 53.57% | -1005.01% | 18.16% | -3.79% | -22.90% | -120.33% | -12.31% | -9.47% | 15.69% | |||||||||||||
qoq | -352.30% | -198.07% | 37.09% | -136.54% | -319.28% | 1.41% | 0.32% | -30.39% | -247.91% | -176.03% | 28.93% | -32.17% | -62.98% | 57.41% | 51.02% | -20.75% | 60.35% | -1.42% | 10.22% | 414.54% | -78.90% | -60.46% | -48.27% | 227.91% | 24.50% | -30.52% | 55.13% | -29.20% | 23.13% | -6.30% | -25.77% | 63.62% | -10.49% | -11.56% | 44.52% | 61.62% | -39.07% | -45.72% | 29.68% | -48.42% | 220.90% | -51.84% | -1.07% | 40.04% | 57.43% | 41.54% | -36.27% | -37.62% | -66.37% | 774.77% | 1.14% | -13.35% | -50.94% | 82.06% | -35.89% | 43.49% | 15.36% | 44.70% | -477.81% | -118.73% | -6.07% | 15.97% | -0.38% | -19.19% | -3.03% | 48.20% | ||||||||||
net income margin % | 33.61% | -13.41% | 13.72% | 10.04% | -27.70% | 12.62% | 12.58% | 12.70% | 18.48% | -12.56% | 16.67% | 13.15% | 19.72% | 53.21% | 34.53% | 23.46% | 30.54% | 19.07% | 19.79% | 17.96% | 3.74% | 17.03% | 45.60% | 76.69% | 23.24% | 19.01% | 27.73% | 18.07% | 26.27% | 21.92% | 24.16% | 32.72% | 20.18% | 22.46% | 25.42% | 18.28% | 11.44% | 18.82% | 32.47% | 26.71% | 51.32% | 16.29% | 33.82% | 34.45% | 24.40% | 16.26% | 11.79% | 18.69% | 29.69% | 98.34% | 11.99% | 11.76% | 14.04% | 28.49% | 16.53% | 25.50% | 17.78% | 15.98% | 11.53% | -3.30% | 17.54% | 18.31% | 16.46% | 16.60% | 20.58% | 20.56% | 14.31% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
net loss attributable to noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in property partnerships | -18,479,000 | -17,853,000 | -20,100,000 | -18,749,000 | -17,233,000 | -15,237,000 | -17,825,000 | -17,221,000 | -19,324,000 | -20,909,000 | -19,768,000 | -18,660,000 | -19,961,000 | -18,801,000 | -18,546,000 | -17,549,000 | -18,204,000 | -18,971,000 | -17,164,000 | -16,467,000 | -13,980,000 | -15,561,000 | 767,000 | -19,486,000 | -16,338,000 | -18,470,000 | -17,482,000 | -18,830,000 | -16,425,000 | -14,850,000 | -14,400,000 | -17,234,000 | -13,865,000 | -14,340,000 | -15,203,000 | -4,424,000 | 17,225,000 | -6,814,000 | -10,464,000 | -10,143,000 | -115,240,000 | -9,264,000 | -15,208,000 | -13,088,000 | -5,566,000 | -7,553,000 | -4,354,000 | -2,271,000 | 3,279,000 | 219,000 | -2,574,000 | -440,000 | -86,000 | -503,000 | -529,000 | -907,000 | -889,000 | -864,000 | -804,000 | -463,000 | -1,114,000 | -691,000 | -510,000 | |||||||||||||
noncontrolling interest—common units of the operating partnership | -27,960,000 | 12,981,000 | -10,064,000 | -6,979,000 | 26,196,000 | -9,587,000 | -9,509,000 | -9,500,000 | -13,906,000 | 12,626,000 | -12,117,000 | -9,078,000 | -13,959,000 | -40,883,000 | -25,708,000 | -16,361,000 | -20,538,000 | -11,982,000 | -12,383,000 | -11,084,000 | -614,000 | -10,020,000 | -30,197,000 | -57,539,000 | -9,387,000 | -11,357,000 | -21,393,000 | -16,045,000 | -21,302,000 | -9,394,000 | -20,188,000 | -21,043,000 | -14,963,000 | -8,883,000 | -6,160,000 | -6,950,000 | -8,399,000 | -50,734,000 | -4,358,000 | -7,653,000 | -7,002,000 | -10,360,000 | -6,089,000 | -12,841,000 | -8,991,000 | -8,179,000 | -6,029,000 | 1,742,000 | -8,712,000 | -9,250,000 | -7,870,000 | -7,758,000 | -9,662,000 | -10,629,000 | -7,531,000 | |||||||||||||||||||||
net income attributable to bxp, inc. | 248,350,000 | -121,712,000 | 88,977,000 | 61,177,000 | -228,854,000 | 83,628,000 | 79,615,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share attributable to bxp, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | 158,330,000 | 158,345,000 | 158,312,000 | 158,202,000 | 157,468,000 | 157,725,000 | 157,039,000 | 156,983,000 | 156,863,000 | 156,880,000 | 156,826,000 | 156,803,000 | 156,726,000 | 156,754,000 | 156,720,000 | 156,650,000 | 156,116,000 | 156,183,000 | 156,107,000 | 155,928,000 | 155,432,000 | 155,645,000 | 155,386,000 | 155,011,000 | 154,582,000 | 154,577,000 | 154,555,000 | 154,525,000 | 154,427,000 | 154,440,000 | 154,415,000 | 154,385,000 | 154,190,000 | 154,355,000 | 154,177,000 | 153,860,000 | 153,754,000 | 153,662,000 | 153,626,000 | 153,471,000 | 153,595,000 | 153,450,000 | 153,230,000 | 153,089,000 | 153,120,000 | 153,078,000 | 153,030,000 | 152,201,000 | 152,407,000 | 151,938,000 | 151,646,000 | 150,120,000 | 150,801,000 | 150,312,000 | 148,343,000 | 145,693,000 | 147,006,000 | 145,864,000 | 142,095,000 | 139,440,000 | 139,595,000 | 139,113,000 | 138,931,000 | 131,050,000 | 138,641,000 | 125,267,000 | 121,256,000 | 119,980,000 | 119,832,000 | 119,753,000 | 119,536,000 | 118,839,000 | 119,010,000 | 118,961,000 | 118,177,000 | |
diluted earnings per common share attributable to bxp, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common and common equivalent shares outstanding | 158,869,000 | 158,345,000 | 158,795,000 | 158,632,000 | 157,793,000 | 158,213,000 | 157,291,000 | 157,132,000 | 157,201,000 | 156,880,000 | 157,218,000 | 157,043,000 | 157,137,000 | 157,133,000 | 157,192,000 | 157,004,000 | 156,376,000 | 156,598,000 | 156,519,000 | 156,099,000 | 155,517,000 | 155,670,000 | 155,407,000 | 155,258,000 | 154,883,000 | 154,820,000 | 154,874,000 | 154,844,000 | 154,682,000 | 154,678,000 | 154,571,000 | 154,705,000 | 154,390,000 | 154,483,000 | 154,331,000 | 154,214,000 | 154,136,000 | 153,860,000 | 153,917,000 | 153,844,000 | 153,786,000 | 153,815,000 | 153,873,000 | 153,308,000 | 153,273,000 | 153,238,000 | 153,169,000 | 152,521,000 | 152,692,000 | 152,490,000 | 151,952,000 | 150,711,000 | 151,983,000 | 150,694,000 | 148,746,000 | 146,218,000 | 147,622,000 | 146,695,000 | 142,504,000 | 140,057,000 | 140,193,000 | 139,826,000 | 139,597,000 | 131,512,000 | 121,299,000 | 121,369,000 | 121,315,000 | 121,022,000 | 120,780,000 | 120,655,000 | 120,984,000 | 120,647,000 | ||||
gain on sale of real estate | 18,390,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | -13,615,000 | -6,009,500 | -24,038,000 | 1,783,000 | 8,306,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on non-real estate investment | 137,000 | 94,000 | 58,000 | 396,000 | -93,000 | -51,000 | 124,000 | 259,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to boston properties, inc. | 79,883,000 | 119,925,000 | -111,826,000 | 104,299,000 | 77,890,000 | 121,803,000 | 360,977,000 | 222,989,000 | 143,047,000 | 184,543,000 | 108,297,000 | 111,703,000 | 100,596,000 | 10,311,000 | 92,479,000 | 269,150,000 | 500,121,000 | 143,459,000 | 110,396,000 | 166,943,000 | 100,730,000 | 151,137,000 | 121,743,000 | 131,306,000 | 178,646,000 | 106,478,000 | 119,962,000 | 136,334,000 | 99,708,000 | 79,342,000 | 99,186,000 | 184,365,000 | 140,550,000 | 186,729,000 | 82,078,000 | 173,771,000 | 177,285,000 | 130,371,000 | 79,145,000 | 56,623,000 | 91,539,000 | 155,324,000 | 455,035,000 | 48,000,000 | 48,177,000 | 57,769,000 | 119,070,000 | 64,632,000 | 101,320,000 | 70,542,000 | 60,214,000 | 40,813,000 | -12,714,000 | 57,668,000 | 61,412,000 | 52,714,000 | 53,410,000 | 65,795,000 | 67,152,000 | |||||||||||||||||
basic earnings per common share attributable to boston properties, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to boston properties, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated joint ventures | 22,250,000 | -247,556,000 | -436,250 | -5,597,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income - assignment fee | 6,624,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses from early extinguishment of debt | -44,284,000 | -898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends | -2,560,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,625,000 | -2,589,000 | -2,589,000 | -2,618,000 | -2,646,000 | -2,647,000 | -2,618,000 | -2,589,000 | -2,646,000 | -2,647,000 | -2,618,000 | -2,589,000 | -2,646,000 | -2,647,000 | -2,618,000 | -146,000 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock redemption charge | -6,412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to boston properties, inc. common shareholders | 121,803,000 | 360,977,000 | 222,989,000 | 143,047,000 | 184,543,000 | 108,297,000 | 111,703,000 | 91,624,000 | 7,686,000 | 89,854,000 | 266,525,000 | 497,496,000 | 140,834,000 | 107,771,000 | 164,318,000 | 98,105,000 | 148,512,000 | 119,118,000 | 128,681,000 | 176,021,000 | 103,853,000 | 117,337,000 | 133,709,000 | 97,083,000 | 76,753,000 | 96,597,000 | 181,747,000 | 137,904,000 | 184,082,000 | 79,460,000 | 171,182,000 | 174,639,000 | 127,724,000 | 76,527,000 | 54,034,000 | 88,893,000 | 152,677,000 | 452,417,000 | 47,854,000 | |||||||||||||||||||||||||||||||||||||
basic earnings per common share attributable to boston properties, inc. common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to boston properties, inc. common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from early extinguishment of debt | -7,002,500 | -28,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (income) loss attributable to noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
base rent | 541,902,000 | 525,875,000 | 516,439,000 | 519,507,000 | 511,995,000 | 513,269,000 | 520,542,000 | 503,562,000 | 489,312,000 | 493,386,000 | 536,128,000 | 493,141,000 | 494,300,000 | 486,609,000 | 490,682,000 | 484,011,000 | 484,071,000 | 463,239,000 | 455,018,000 | 446,983,000 | 451,866,000 | 403,942,000 | 377,728,000 | 384,663,000 | 370,494,000 | 372,285,000 | 357,701,000 | 358,466,000 | 360,595,000 | 348,474,000 | 339,535,000 | 312,899,000 | 310,459,000 | 305,823,000 | 302,383,000 | 295,448,000 | 291,602,000 | 304,864,000 | 293,517,000 | 300,544,000 | 266,205,000 | 281,072,000 | 281,394,000 | 270,379,000 | 270,513,000 | 270,508,000 | 272,908,000 | |||||||||||||||||||||||||||||
recoveries from tenants | 109,265,000 | 102,424,000 | 95,259,000 | 95,118,000 | 94,697,000 | 94,476,000 | 89,163,000 | 89,164,000 | 92,560,000 | 85,706,000 | 89,586,000 | 88,576,000 | 91,544,000 | 86,795,000 | 88,593,000 | 85,946,000 | 90,103,000 | 81,382,000 | 81,934,000 | 79,297,000 | 80,839,000 | 68,434,000 | 64,429,000 | 59,928,000 | 59,957,000 | 57,475,000 | 52,568,000 | 52,726,000 | 53,899,000 | 48,874,000 | 45,896,000 | 45,189,000 | 45,646,000 | 44,340,000 | 45,544,000 | 46,769,000 | 51,901,000 | 49,821,000 | 52,408,000 | 50,032,000 | 55,968,000 | 49,848,000 | 48,884,000 | 44,804,000 | 45,621,000 | 47,462,000 | 47,042,000 | |||||||||||||||||||||||||||||
hotel revenue | 11,793,000 | 13,014,000 | 14,844,000 | 8,938,000 | 11,745,000 | 13,664,000 | 14,607,000 | 9,102,000 | 11,744,000 | 13,064,000 | 13,375,000 | 7,420,000 | 12,354,000 | 12,808,000 | 8,757,000 | 10,939,000 | 12,619,000 | 13,403,000 | 9,085,000 | 10,907,000 | 11,918,000 | 12,367,000 | 8,193,000 | 10,269,000 | 10,652,000 | 11,118,000 | 8,291,000 | 11,691,000 | 9,359,000 | 10,049,000 | 6,816,000 | 11,632,000 | 8,045,000 | 8,904,000 | 5,948,000 | 10,510,000 | 8,016,000 | 8,371,000 | 5,903,000 | 10,277,000 | 6,650,000 | 7,396,000 | 6,062,000 | 12,158,000 | 8,482,000 | 9,708,000 | 6,524,000 | 13,121,000 | 8,646,000 | 9,335,000 | 6,709,000 | |||||||||||||||||||||||||
noncontrolling interest—common units of boston properties limited partnership | -10,783,250 | -12,504,000 | -19,036,000 | -11,599,000 | -12,282,000 | -13,852,000 | -14,859,000 | -20,432,000 | -10,087,500 | -13,402,000 | -15,473,000 | -11,432,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total rental revenue | 678,998,000 | 654,851,000 | 638,602,000 | 640,759,000 | 633,528,000 | 633,837,000 | 636,167,000 | 618,336,000 | 606,510,000 | 605,205,000 | 650,539,000 | 606,849,000 | 611,353,000 | 599,956,000 | 604,063,000 | 595,681,000 | 600,410,000 | 570,921,000 | 561,285,000 | 550,813,000 | 557,951,000 | 496,345,000 | 465,987,000 | 467,205,000 | 453,521,000 | 453,284,000 | 432,697,000 | 432,426,000 | 436,188,000 | 418,449,000 | 404,499,000 | 375,008,000 | 371,955,000 | 366,586,000 | 363,224,000 | 357,574,000 | 359,386,000 | 373,101,000 | 362,866,000 | 368,239,000 | 338,797,000 | 348,237,000 | 346,779,000 | 332,028,000 | 332,462,000 | 334,458,000 | 335,271,000 | |||||||||||||||||||||||||||||
operating income | 169,285,000 | 238,364,000 | 230,624,000 | 208,152,000 | 229,466,000 | 233,729,000 | 238,690,000 | 206,225,000 | 157,605,000 | 218,124,000 | 250,353,000 | 210,480,000 | 227,750,000 | 204,926,000 | 206,209,000 | 208,849,000 | 214,803,000 | 201,273,000 | 176,897,000 | 193,103,000 | 187,352,000 | 170,815,000 | 130,435,000 | 171,129,000 | 162,822,000 | 173,711,000 | 144,661,000 | 161,975,000 | 164,510,000 | 154,133,000 | 138,022,000 | |||||||||||||||||||||||||||||||||||||||||||||
yoy | -26.23% | 1.98% | -3.38% | 0.93% | 45.60% | 7.15% | -4.66% | -2.02% | -30.80% | 6.44% | 21.41% | 0.78% | 6.03% | 1.81% | 16.57% | 8.15% | 14.65% | 17.83% | 35.62% | 12.84% | 15.07% | -1.67% | -9.83% | 5.65% | -1.03% | 12.70% | 4.81% | |||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -28.98% | 3.36% | 10.80% | -9.29% | -1.82% | -2.08% | 15.74% | 30.85% | -27.75% | -12.87% | 18.94% | -7.58% | 11.14% | -0.62% | -1.26% | -2.77% | 6.72% | 13.78% | -8.39% | 3.07% | 9.68% | 30.96% | -23.78% | 5.10% | -6.27% | 20.08% | -10.69% | -1.54% | 6.73% | 11.67% | ||||||||||||||||||||||||||||||||||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 24.01% | 34.73% | 34.71% | 31.48% | 35.02% | 35.54% | 36.34% | 32.62% | 25.21% | 34.98% | 37.59% | 33.72% | 36.16% | 33.15% | 33.34% | 34.03% | 34.71% | 34.13% | 30.78% | 33.95% | 32.64% | 33.15% | 27.00% | 35.12% | 34.58% | 36.73% | 32.31% | 35.77% | 36.36% | 35.32% | 33.03% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
gains from early extinguishments of debt | -13,858,000 | 14,354,000 | -30,000 | 152,000 | 274,000 | 767,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before gains on sales of real estate | 142,273,000 | 119,915,000 | 131,331,000 | 144,813,000 | 163,243,000 | 115,431,000 | 58,521,000 | 117,357,000 | 148,599,000 | 85,406,000 | 123,792,000 | 100,739,000 | 114,086,000 | 85,323,000 | 109,038,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share | 800 | 800 | 800 | 750 | 750 | 750 | 650 | 650 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses from interest rate contracts | -140,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses from early extinguishments of debt | -371,000 | -5,494,000 | -98,104,000 | 6,051,000 | 2,170,000 | 16,000 | 494,000 | 2,695,000 | 722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest—redeemable preferred units of the operating partnership | -3,000 | -3,000 | -9,000 | -75,000 | -320,000 | -619,000 | -2,661,000 | -1,082,000 | -1,123,000 | -1,180,000 | -1,057,000 | -874,000 | -765,000 | -801,000 | -842,000 | -832,000 | -842,000 | -823,000 | -795,000 | -820,000 | -836,000 | -892,000 | -860,000 | -772,000 | -972,000 | -990,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gains on consolidation of joint ventures | -1,810,000 | 387,801,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 85,323,000 | 109,038,000 | 95,901,000 | 67,756,000 | 77,506,000 | 82,910,000 | 505,888,000 | 40,929,000 | 74,931,000 | 66,103,000 | 97,471,000 | 56,359,000 | 115,443,000 | 80,451,000 | 69,738,000 | 48,194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 170 | 510 | 10 | 100 | -110 | 220 | 110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 2,425,000 | 1,078,000 | 873,000 | 61,000 | 156,000 | 398,000 | -156,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate from discontinued operations | 36,877,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on forgiveness of debt from discontinued operations | 20,182,000 | 4,451,750 | 17,807,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment income from discontinued operations | -3,241,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in discontinued operations—common units of the operating partnership | -2,891,000 | -8,910,000 | -88,000 | -1,819,000 | 1,938,000 | -4,094,000 | -1,942,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of real estate from discontinued operations | 26,381,000 | 86,448,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in property partnership | -365,250 | -458,000 | -457,000 | -546,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share attributable to boston properties, inc.: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to boston properties, inc.: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition costs | 19,000 | 51,000 | 13,000 | 72,000 | 721,000 | 1,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
suspension of development | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in gain on sale of real estate—common units of the operating partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from suspension of development | -7,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other | 1,410,250 | 1,814,000 | 2,117,000 | 1,710,000 | 1,784,000 | 1,513,000 | 442,000 | 320,000 | 2,852,000 | 212,000 | 4,115,000 | 11,779,000 | 21,432,000 | 25,081,000 | 26,205,000 | 16,988,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate operating: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 71,471,750 | 97,103,000 | 96,755,000 | 92,029,000 | 88,180,000 | 77,090,000 | 78,633,000 | 78,930,000 | 71,261,000 | 68,308,000 | 64,564,000 | 67,839,000 | 68,289,000 | 69,929,000 | 73,743,000 | 73,926,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from suspension of development | -1,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income from unconsolidated joint ventures, gains on sales of real estate and net income attributable to noncontrolling interests | 43,352,250 | 56,524,000 | 64,053,000 | 52,832,000 | 47,743,750 | 68,906,000 | 75,931,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in gains on sales of real estate—common units of the operating partnership | 2,000 | -125,000 | -227,000 | -331,000 | -307,000 | -629,000 | -401,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses (gains) from investments in securities | 678,000 | -200,000 | -510,000 | -1,317,000 | -1,194,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from suspension of development | 27,766,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net derivative losses | 7,172,000 | 6,318,000 | -257,000 | 3,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding—diluted | 139,225,000 | 125,620,000 | 121,468,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses from investments in securities | 587,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income from unconsolidated joint ventures, gains on sale of real estate and net income attributable to noncontrolling interests | 46,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the common shareholders of boston properties, inc. | 44,598,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests in property partnerships, income from unconsolidated joint ventures, minority interest in operating partnership, gains on sales of real estate and discontinued operations | 55,539,500 | 54,310,000 | 86,805,000 | 81,043,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests in property partnerships | -427,000 | -525,000 | -420,000 | -625,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest in operating partnership, gains on sales of real estate and discontinued operations | 56,532,250 | 56,429,000 | 88,240,000 | 81,460,000 | 69,722,500 | 88,053,000 | 107,700,000 | 83,137,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in operating partnership | 14,480,000 | -9,420,000 | -14,009,000 | -13,024,000 | -22,461,000 | -14,178,000 | -17,072,000 | -11,164,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before gains on sales of real estate and discontinued operations | 47,410,750 | 47,009,000 | 74,231,000 | 68,436,000 | 59,108,750 | 73,875,000 | 90,628,000 | 71,973,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of real estate, net of minority interest | 6,705,750 | 1,497,000 | 5,303,000 | 20,025,000 | 197,213,750 | 168,495,000 | 619,206,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before discontinued operations | -91,234,000 | 48,506,000 | 79,534,000 | 88,461,000 | 256,322,500 | 242,370,000 | 90,628,000 | 691,179,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of minority interest | 4,923,000 | 1,280,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate from discontinued operations, net of minority interest | 43,474,750 | 11,716,000 | 161,848,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | -91,234,000 | 48,506,000 | 79,534,000 | 88,461,000 | 124,218,000 | 242,370,000 | 102,344,000 | 854,307,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income available to common shareholders before discontinued operations | -770 | 400 | 660 | 740 | 2,132.5 | 2,020 | 760 | 5,760 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of minority interest | 430 | 100 | 1,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest in property partnership, income from unconsolidated joint ventures, minority interest in operating partnership, gains on sales of real estate and discontinued operations | 64,816,750 | 86,663,000 | 90,432,000 | 82,172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in property partnership |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 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 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate, at cost | 28,241,879,000 | 28,609,784,000 | 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 | 24,700,571,000 | 23,902,226,000 | 23,752,630,000 | 23,711,400,000 | 23,417,175,000 | 22,502,976,000 | 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 | 372,470,000 | 372,747,000 | 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 | 237,488,000 | 237,501,000 | 237,507,000 | 237,845,000 | 237,765,000 | 237,394,000 | 187,269,000 | 187,292,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets - operating leases | 325,841,000 | 321,063,000 | 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 | 168,370,000 | 169,248,000 | 169,778,000 | 170,085,000 | 170,331,000 | 148,640,000 | 149,839,000 | 151,166,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: accumulated depreciation | -8,040,311,000 | -8,008,908,000 | -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 | -6,077,270,000 | -5,995,760,000 | -5,883,961,000 | -5,850,397,000 | -5,752,818,000 | -5,266,798,000 | -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 | 20,899,879,000 | 21,294,686,000 | 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 | 19,029,159,000 | 18,313,215,000 | 18,275,954,000 | 18,268,933,000 | 18,072,453,000 | 17,622,212,000 | 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 | 1,478,206,000 | 861,066,000 | 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 | 456,491,000 | 436,271,000 | 452,692,000 | 1,002,728,000 | 557,307,000 | 644,950,000 | 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 | 79,060,000 | 77,663,000 | 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 | 46,359,000 | 46,072,000 | 48,466,000 | 79,193,000 | 79,973,000 | 46,936,000 | 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 | 44,614,000 | 43,604,000 | 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 | 31,457,000 | 36,032,000 | 43,632,000 | 41,517,000 | 41,476,000 | 36,747,000 | 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 | 92,625,000 | 136,743,000 | 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 | 64,607,000 | 56,132,000 | 70,186,000 | 61,269,000 | 58,624,000 | 112,807,000 | 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 | 9,373,000 | 8,898,000 | 6,711,000 | 5,535,000 | 4,947,000 | 3,937,000 | 3,155,000 | 2,274,000 | 1,714,000 | 15,920,000 | 19,718,000 | 19,593,000 | 19,468,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
related party notes receivable | 28,346,000 | 88,879,000 | 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 | 15,672,000 | 15,430,000 | 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 | 1,538,515,000 | 1,532,403,000 | 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 | 1,265,480,000 | 1,243,395,000 | 1,226,745,000 | 1,203,840,000 | 1,172,411,000 | 1,038,788,000 | 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 | 847,690,000 | 802,785,000 | 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 | 684,078,000 | 609,205,000 | 618,798,000 | 622,807,000 | 627,338,000 | 689,213,000 | 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 | 108,105,000 | 137,561,000 | 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 | 55,232,000 | 128,472,000 | 57,811,000 | 97,560,000 | 46,946,000 | 41,685,000 | 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 | 999,309,000 | 999,764,000 | 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 | 1,554,994,000 | 1,518,622,000 | 1,482,997,000 | 1,373,522,000 | 1,305,589,000 | 955,647,000 | 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 | |||||||
assets held for sale | 24,770,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 26,166,164,000 | 25,999,482,000 | 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 | 6,513,820,000 | 23,266,433,000 | 22,475,634,000 | 22,365,258,000 | 22,848,810,000 | 22,059,076,000 | 5,217,147,000 | 5,239,642,000 | 5,212,458,000 | 5,063,698,000 | 5,047,928,000 | 21,284,905,000 | 4,280,319,000 | 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 | 4,280,067,000 | 4,279,482,000 | 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 | 3,269,948,000 | 3,268,745,000 | 3,267,914,000 | 2,898,699,000 | 2,901,709,000 | 2,922,408,000 | 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 | 9,806,100,000 | 9,803,336,000 | 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 | 9,489,030,000 | 9,486,379,000 | 9,483,695,000 | 10,479,651,000 | 9,634,356,000 | 8,390,459,000 | 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 exchangeable senior notes | 976,263,000 | 975,080,000 | 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 | |||||||||||||||||||||||||||||||||||||||||||||
unsecured line of credit | 185,000,000 | 300,000,000 | 165,000,000 | 255,000,000 | 145,000,000 | 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 | 797,053,000 | 796,798,000 | 796,640,000 | 796,158,000 | 798,813,000 | 798,058,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured commercial paper | 750,000,000 | 750,000,000 | 750,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities - finance leases | 360,039,000 | 363,207,000 | 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 | 246,832,000 | 245,554,000 | 244,421,000 | 243,562,000 | 243,381,000 | 224,042,000 | 172,902,000 | 173,123,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities - operating leases | 389,213,000 | 379,792,000 | 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 | 204,643,000 | 204,677,000 | 204,561,000 | 204,137,000 | 226,594,000 | 200,180,000 | 199,344,000 | 199,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 480,017,000 | 484,798,000 | 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 | 342,467,000 | 304,576,000 | 320,775,000 | 331,687,000 | 305,969,000 | 377,553,000 | 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 | 123,753,000 | 123,259,000 | 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 | 170,937,000 | 170,869,000 | 169,859,000 | 169,739,000 | 169,718,000 | 170,713,000 | 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 | 125,345,000 | 120,128,000 | 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 | 96,821,000 | 90,861,000 | 94,796,000 | 87,408,000 | 107,386,000 | 90,016,000 | 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 | 386,074,000 | 406,820,000 | 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 | 681,228,000 | 401,360,000 | 396,283,000 | 391,441,000 | 370,403,000 | 370,990,000 | 599,354,000 | 650,433,000 | 651,744,000 | 655,709,000 | 638,892,000 | 387,994,000 | 773,033,000 | 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 | 18,473,924,000 | 18,482,700,000 | 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 | 15,115,833,000 | 14,422,944,000 | 14,322,462,000 | 14,785,286,000 | 13,960,103,000 | 13,262,304,000 | 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— 111,701 and 128,227 units outstanding at redemption value at december 31, 2025 and december 31, 2024, respectively | 7,538,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity attributable to bxp, inc.: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 1,585,000 | 1,584,000 | 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 | 1,567,000 | 1,567,000 | 1,565,000 | 1,562,000 | 1,561,000 | 1,548,000 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 6,836,243,000 | 6,827,889,000 | 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 | 6,524,997,000 | 6,509,663,000 | 6,497,730,000 | 6,415,802,000 | 6,405,916,000 | 6,294,719,000 | 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 | -1,674,995,000 | -1,812,361,000 | -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 | -567,016,000 | -636,421,000 | -625,891,000 | -657,021,000 | -612,247,000 | -760,523,000 | -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 december 31, 2025 and december 31, 2024 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -12,921,000 | -14,831,000 | -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 | -27,077,000 | -28,485,000 | -36,662,000 | -40,803,000 | -43,166,000 | -48,335,000 | -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. | 5,147,190,000 | 4,999,559,000 | 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 | 566,563,000 | 554,440,000 | 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 | 660,214,000 | 649,602,000 | 642,655,000 | 609,830,000 | 615,308,000 | 600,860,000 | 619,352,000 | 618,380,000 | 621,221,000 | 619,347,000 | 605,802,000 | 604,997,000 | 617,252,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
property partnerships | 1,970,949,000 | 1,954,777,000 | 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 | 1,552,706,000 | 1,548,455,000 | 1,556,553,000 | 1,728,101,000 | 1,725,343,000 | 1,728,689,000 | 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 | 7,684,702,000 | 7,508,776,000 | 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 | 8,142,669,000 | 8,041,659,000 | 8,033,228,000 | 8,054,749,000 | 8,089,993,000 | 8,014,236,000 | 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 | 26,166,164,000 | 25,999,482,000 | 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 | 23,266,433,000 | 22,475,634,000 | 22,365,258,000 | 22,848,810,000 | 22,059,076,000 | 21,284,905,000 | 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— 107,696 and 128,227 units outstanding at redemption value at september 30, 2025 and december 31, 2024, respectively | 8,006,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at september 30, 2025 and december 31, 2024 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at june 30, 2025 and december 31, 2024 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 78,576,000 | 78,544,000 | 78,336,000 | 78,144,000 | 77,872,000 | 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 | 728,795,000 | 498,939,000 | 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 | 5,929,749,000 | 5,843,602,000 | 5,834,020,000 | 5,716,818,000 | 5,749,342,000 | 5,684,687,000 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate and development in process | 5,858,271,000 | 4,711,593,000 | 4,708,571,000 | 4,651,694,000 | 4,527,828,000 | 4,469,460,000 | 3,782,279,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 655,549,000 | 505,554,000 | 531,071,000 | 560,764,000 | 535,870,000 | 578,468,000 | 498,040,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and members’/partners’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage and notes payable | 3,425,972,000 | 2,662,616,000 | 2,637,911,000 | 2,558,499,000 | 2,465,039,000 | 2,312,938,000 | 2,107,805,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
members’/partners’ equity | 2,406,620,000 | 1,955,177,000 | 1,951,298,000 | 2,002,215,000 | 1,942,950,000 | 2,096,098,000 | 1,399,481,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and members’/partners’ equity | 6,513,820,000 | 5,217,147,000 | 5,239,642,000 | 5,212,458,000 | 5,063,698,000 | 5,047,928,000 | 4,280,319,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
company’s share of equity | 1,180,507,000 | 933,739,000 | 936,087,000 | 948,569,000 | 911,682,000 | 956,136,000 | 569,704,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis differentials | 346,312,000 | 338,337,000 | 337,832,000 | 399,266,000 | 398,896,000 | 398,976,000 | 340,391,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
carrying value of the company’s investments in unconsolidated joint ventures | 1,526,819,000 | 1,272,076,000 | 1,273,919,000 | 1,347,835,000 | 1,310,578,000 | 1,355,112,000 | 910,095,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.25% series b cumulative redeemable preferred stock, 0.01 par value... | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenue | 89,563,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating | 33,704,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 37,390,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 71,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -23,306,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of real estate | 11,720,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 6,883,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
company’s share of net income | 4,024,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis differential | -2,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures | 1,832,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable deferred stock units— 60,676 units outstanding at redemption value at december 31, 2019 | 8,365,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at december 31, 2019 and december 31, 2018 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at december 31, 2018 and december 31, 2017 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at september 30, 2018 and december 31, 2017 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at june 30, 2018 and december 31, 2017 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at september 30, 2017 and december 31, 2016 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at june 30, 2017 and december 31, 2016 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at march 31, 2017 and december 31, 2016 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at june 30, 2016 and december 31, 2015 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value... | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.25% series b cumulative redeemable preferred stock, .01 par value... | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, .01 par value... | 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 | |||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at december 31, 2015 and december 31, 2014 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at september 30, 2015 and december 31, 2014 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at june 30, 2015 and december 31, 2014 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at march 31, 2015 and december 31, 2014 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at december 31, 2014 and december 31, 2013 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at september 30, 2014 and december 31, 2013 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at june 30, 2014 and december 31, 2013 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury common stock at cost, 78,900 shares at march 31, 2013 and december 31, 2012 | -2,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 294,789,000 | -116,840,000 | 119,141,000 | 86,905,000 | -237,817,000 | 108,452,000 | 106,949,000 | 106,604,000 | 153,155,000 | -103,543,000 | 136,184,000 | 105,628,000 | 155,723,000 | 420,661,000 | 267,243,000 | 176,957,000 | 223,285,000 | 139,250,000 | 141,250,000 | 128,147,000 | 24,905,000 | 118,060,000 | 298,580,000 | 577,146,000 | 176,009,000 | 141,370,000 | 203,461,000 | 131,159,000 | 185,241,000 | 150,445,000 | 160,565,000 | 216,312,000 | 132,203,000 | 147,704,000 | 167,010,000 | 115,564,000 | 71,504,000 | 117,357,000 | 216,222,000 | 166,738,000 | 323,271,000 | 100,739,000 | 209,170,000 | 211,425,000 | 150,975,000 | 95,901,000 | 67,756,000 | 106,312,000 | 170,436,000 | 506,761,000 | 57,931,000 | 57,280,000 | 66,103,000 | 134,746,000 | 74,010,000 | 115,443,000 | 80,451,000 | 69,738,000 | 48,194,000 | -12,756,000 | 68,089,000 | 72,487,000 | 62,507,000 | 62,746,000 | 77,650,000 | 80,073,000 | 54,030,000 | ||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 232,015,000 | 236,147,000 | 223,819,000 | 220,107,000 | 226,043,000 | 222,890,000 | 219,542,000 | 218,716,000 | 212,067,000 | 207,435,000 | 202,577,000 | 208,734,000 | 198,330,000 | 190,675,000 | 183,146,000 | 177,624,000 | 177,521,000 | 179,412,000 | 183,838,000 | 176,565,000 | 168,013,000 | 166,456,000 | 178,188,000 | 171,094,000 | 169,897,000 | 165,862,000 | 177,411,000 | 164,594,000 | 165,439,000 | 157,996,000 | 156,417,000 | 165,797,000 | 154,259,000 | 152,164,000 | 151,919,000 | 159,205,000 | 203,748,000 | 153,175,000 | 159,448,000 | 164,460,000 | 153,015,000 | 167,844,000 | 154,223,000 | 162,430,000 | 157,245,000 | 154,628,000 | 154,270,000 | 155,409,000 | 154,193,000 | 134,604,000 | 121,191,000 | 121,061,000 | 111,360,000 | 111,886,000 | 109,737,000 | 109,181,000 | 109,495,000 | 111,080,000 | 109,428,000 | 92,763,000 | 81,133,000 | 81,400,000 | 83,075,000 | 79,125,000 | 78,181,000 | 87,005,000 | 77,370,000 | 79,766,000 | 75,321,000 | 74,389,000 | 74,671,000 | 71,655,000 | 71,616,000 | 74,621,000 | 71,086,000 |
impairment losses | 16,902,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of right of use assets - operating leases | -35,000 | 10,000 | 86,000 | 203,000 | 543,000 | -66,000 | 344,000 | 1,441,000 | 438,000 | 573,000 | 277,000 | 652,000 | 584,000 | 436,000 | 878,000 | 529,000 | 308,000 | 245,000 | 700,000 | 2,263,000 | 567,000 | 539,000 | 545,000 | 583,000 | 608,000 | 608,000 | 605,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of sales type lease | -240,000 | -236,000 | -232,000 | -281,000 | -254,000 | -250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash compensation expense | 4,771,000 | 4,703,000 | 11,943,000 | 22,917,000 | 4,397,000 | 4,365,000 | 16,314,000 | 18,873,000 | 4,779,000 | 5,175,000 | 15,262,000 | 26,262,000 | 7,818,000 | 8,013,000 | 14,960,000 | 21,235,000 | 7,762,000 | 8,728,000 | 14,280,000 | 20,090,000 | 7,990,000 | 8,253,000 | 10,374,000 | 17,525,000 | 7,705,000 | 7,809,000 | 10,394,000 | 15,050,000 | 8,417,000 | 8,457,000 | 8,471,000 | 14,772,000 | 8,101,000 | 8,023,000 | 8,435,000 | 10,802,000 | 7,643,000 | 7,578,000 | 10,069,000 | 6,358,000 | 6,345,000 | 5,469,000 | 11,011,000 | 5,391,000 | 5,809,000 | 6,519,000 | 10,380,000 | 6,154,000 | 6,537,000 | 6,681,000 | 25,783,000 | 4,820,000 | 6,746,000 | 6,755,000 | 11,358,000 | 5,970,000 | 5,937,000 | 5,909,000 | 11,856,000 | 6,127,000 | 6,380,000 | 6,334,000 | 14,011,000 | 6,500,000 | 6,483,000 | 6,559,000 | 7,094,000 | 5,572,000 | 6,470,000 | 5,631,000 | 5,433,000 | 3,040,000 | 3,047,000 | 3,057,000 | 3,214,000 |
loss from unconsolidated joint ventures | -50,232,000 | 148,329,000 | 3,324,000 | 2,139,000 | 349,553,000 | 7,011,000 | 5,799,000 | -19,186,000 | -22,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of net cash flow from operations of unconsolidated joint ventures | 12,974,000 | 19,593,000 | 8,804,000 | 17,053,000 | 6,529,000 | 6,179,000 | 12,510,000 | 8,643,000 | 2,766,000 | 10,434,000 | 5,441,000 | 5,996,000 | 6,316,000 | 10,414,000 | 3,712,000 | 6,385,000 | 3,080,000 | 4,075,000 | 10,415,000 | 3,972,000 | 9,607,000 | 8,903,000 | 7,465,000 | 5,917,000 | 385,000 | 12,880,000 | 1,240,000 | 2,650,000 | 2,715,000 | 2,325,000 | 816,000 | 847,000 | 18,295,000 | 5,658,000 | 1,044,000 | 1,861,000 | 246,000 | 681,000 | 10,718,000 | 1,985,000 | 715,000 | 4,419,000 | 1,350,000 | 4,242,000 | 925,000 | 774,000 | 1,431,000 | 2,993,000 | 3,918,000 | 12,768,000 | 12,921,000 | 14,643,000 | 12,169,000 | 11,218,000 | 8,972,000 | 12,629,000 | 9,780,000 | 9,779,000 | 7,663,000 | 7,545,000 | 4,515,000 | 3,774,000 | 900,000 | 4,800,000 | 1,971,000 | 4,055,000 | 1,850,000 | ||||||||
gains from investments in securities | -846,000 | -2,400,000 | -2,198,000 | -315,000 | -2,272,000 | -1,882,000 | -106,000 | -1,075,000 | -944,000 | -730,000 | -1,042,000 | -478,000 | -259,000 | 24,000 | -393,000 | -387,000 | 297,000 | -662,000 | -286,000 | -956,000 | -181,000 | -735,000 | 186,000 | -801,000 | -373,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for current expected credit losses | -1,110,000 | -17,000 | 17,000 | -23,000 | 34,000 | 8,000 | 32,000 | 4,000 | 71,000 | 38,000 | 219,000 | 45,000 | 252,000 | -18,000 | -224,000 | -234,000 | -449,000 | -340,000 | -290,000 | -128,000 | -148,000 | 1,513,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash portion of interest expense | 8,198,000 | 7,123,000 | 7,669,000 | 9,257,000 | 11,568,000 | 11,403,000 | 2,063,000 | 12,109,000 | 7,982,000 | 7,601,000 | 7,553,000 | 7,387,000 | 6,127,000 | 7,176,000 | 6,568,000 | 5,960,000 | 5,784,000 | 5,800,000 | 5,800,000 | 5,984,000 | 5,987,000 | 5,914,000 | 5,837,000 | 5,646,000 | 5,660,000 | 5,694,000 | 5,453,000 | 5,447,000 | 5,381,000 | 5,315,000 | 5,308,000 | 5,299,000 | 5,383,000 | 5,312,000 | -4,250,000 | -7,729,000 | -8,056,000 | -9,192,000 | -10,138,000 | -9,453,000 | -10,966,000 | -10,968,000 | -10,884,000 | -10,590,000 | -10,582,000 | -10,495,000 | -7,676,000 | -26,500,000 | 9,029,000 | 9,559,000 | 10,561,000 | 10,462,000 | 10,788,000 | 10,042,000 | 11,839,000 | 13,946,000 | 14,002,000 | 13,580,000 | 13,434,000 | 13,975,000 | 13,605,000 | 17,670,000 | 10,924,000 | 14,353,000 | 14,156,000 | 13,549,000 | 13,606,000 | 3,862,000 | 2,908,000 | 2,440,000 | 2,360,000 | 2,340,000 | 2,259,000 | 2,492,000 | 2,306,000 |
loss from early extinguishments of debt | 0 | 0 | 0 | 338,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of real estate | -156,410,000 | -85,000 | 0 | -55,726,000 | -262,345,000 | -96,247,000 | -22,701,000 | -115,556,000 | -348,000 | -5,259,000 | 209,000 | 57,000 | 15,000 | -59,804,000 | -7,863,000 | -18,292,000 | -96,397,000 | -872,000 | -2,891,000 | -3,767,000 | -133,000 | -12,983,000 | 0 | -67,623,000 | -81,332,000 | -199,479,000 | 0 | -95,084,000 | -126,102,000 | 0 | 0 | -969,000 | -1,765,000 | -2,394,000 | -4,493,000 | -2,795,000 | -1,753,000 | -6,203,000 | -23,438,000 | -198,201,000 | -13,829,000 | -922,378,000 | |||||||||||||||||||||||||||||||||
loss on sales-type lease | 0 | 0 | 0 | 2,490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on non-real estate investments | 2,000 | -178,000 | 39,000 | 483,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant and other receivables | 37,358,000 | -9,187,000 | 2,433,000 | 1,903,000 | -10,216,000 | -15,811,000 | 10,289,000 | 29,454,000 | -18,003,000 | -17,188,000 | -3,797,000 | 7,518,000 | -11,754,000 | -6,034,000 | -7,468,000 | 17,635,000 | -8,918,000 | -3,372,000 | -8,910,000 | 26,020,000 | 4,007,000 | 27,000 | 732,000 | 17,784,000 | -4,199,000 | -9,163,000 | 2,486,000 | -14,000,000 | 27,626,000 | -31,434,000 | 10,222,000 | 22,790,000 | -10,095,000 | 10,495,000 | -16,990,000 | 19,023,000 | 8,172,000 | -11,055,000 | 25,018,000 | -26,475,000 | -11,263,000 | -7,415,000 | -1,173,000 | -3,385,000 | 8,138,000 | -13,536,000 | 21,652,000 | -4,071,000 | 10,646,000 | -17,708,000 | 10,690,000 | -5,525,000 | -1,440,000 | 7,434,000 | 22,686,000 | -32,493,000 | -3,249,000 | 10,273,000 | 6,073,000 | -8,037,000 | -7,626,000 | 10,815,000 | -267,000 | -16,027,000 | 12,157,000 | -1,826,000 | 7,540,000 | -7,316,000 | -7,794,000 | -5,721,000 | 23,494,000 | -15,194,000 | 5,199,000 | 2,401,000 | 6,253,000 |
accrued rental income | -19,765,000 | -30,891,000 | -23,044,000 | -28,178,000 | -19,033,000 | -25,986,000 | -16,645,000 | -35,945,000 | -27,349,000 | -29,225,000 | -24,346,000 | -18,619,000 | -21,807,000 | -27,367,000 | -19,334,000 | -29,567,000 | -27,265,000 | -34,849,000 | -30,021,000 | -9,413,000 | -11,256,000 | -42,444,000 | -16,114,000 | -27,285,000 | -37,490,000 | 18,146,000 | -21,903,000 | -15,570,000 | -2,143,000 | 4,240,000 | -19,440,000 | -26,319,000 | -22,343,000 | -16,664,000 | -10,190,000 | -9,158,000 | -9,324,000 | 7,687,000 | -12,981,000 | -17,970,000 | -15,768,000 | -16,923,000 | -23,250,000 | -15,719,000 | -20,196,000 | -11,857,000 | -10,127,000 | -15,336,000 | -15,509,000 | -14,832,000 | -14,295,000 | -17,858,000 | -19,907,000 | -20,332,000 | -19,266,000 | -13,837,000 | -16,960,000 | -28,761,000 | -20,434,000 | -21,675,000 | -19,954,000 | -24,112,000 | -13,821,000 | -9,412,000 | -13,586,000 | -8,886,000 | -14,526,000 | -4,184,000 | 9,738,000 | -13,138,000 | -12,417,000 | -8,005,000 | -8,693,000 | -8,585,000 | -13,020,000 |
prepaid expenses and other assets | 67,086,000 | -48,959,000 | 51,635,000 | -73,910,000 | 67,831,000 | -56,230,000 | 57,720,000 | -74,705,000 | 69,285,000 | -51,863,000 | 73,004,000 | -97,762,000 | 66,203,000 | -52,430,000 | 78,057,000 | -71,731,000 | 40,208,000 | -46,897,000 | 82,229,000 | -96,351,000 | 72,853,000 | -48,308,000 | 81,762,000 | -93,819,000 | 66,822,000 | -54,538,000 | 59,235,000 | -68,554,000 | 64,410,000 | -47,297,000 | 62,327,000 | -66,968,000 | 65,058,000 | -49,856,000 | 57,420,000 | -21,197,000 | -57,869,000 | 17,192,000 | 45,560,000 | -37,865,000 | -42,557,000 | 60,098,000 | 3,447,000 | 55,042,000 | -86,246,000 | 45,453,000 | 5,989,000 | 54,211,000 | -58,953,000 | -976,000 | 18,684,000 | 36,890,000 | -68,518,000 | 31,635,000 | 6,983,000 | 27,384,000 | -60,092,000 | 22,927,000 | -29,432,000 | 27,346,000 | -19,406,000 | 28,613,000 | -33,314,000 | 24,293,000 | -19,072,000 | 24,759,000 | -25,263,000 | 21,638,000 | -17,528,000 | 22,346,000 | -29,098,000 | 24,886,000 | -7,927,000 | 16,755,000 | -23,028,000 |
right of use assets - operating lease | 0 | 0 | 0 | -750,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities - operating leases | -3,204,000 | -540,000 | 361,000 | -162,000 | 188,000 | 607,000 | 244,000 | -1,241,000 | -403,000 | 142,000 | 391,000 | -251,000 | -322,000 | 365,000 | -34,000 | 116,000 | 424,000 | -22,457,000 | -236,000 | -1,330,000 | 376,000 | 358,000 | 406,000 | 393,000 | 425,000 | 411,000 | 410,000 | 370,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | -15,645,000 | 30,673,000 | 26,797,000 | -14,664,000 | -9,991,000 | 32,246,000 | -3,925,000 | -20,725,000 | 782,000 | 34,594,000 | 14,825,000 | -8,505,000 | -25,944,000 | 21,803,000 | 13,164,000 | -31,800,000 | -6,072,000 | 19,997,000 | 27,678,000 | -21,578,000 | -12,332,000 | 28,766,000 | 28,098,000 | -48,591,000 | -19,840,000 | 15,009,000 | 17,200,000 | 258,000 | -5,001,000 | 16,253,000 | 4,014,000 | -13,913,000 | 2,621,000 | 10,469,000 | 13,698,000 | -16,306,000 | 7,616,000 | 14,445,000 | -5,209,000 | -3,373,000 | 3,036,000 | -438,000 | -5,535,000 | -334,000 | 8,941,000 | -5,992,000 | 1,288,000 | 3,929,000 | 7,780,000 | 2,571,000 | -1,172,000 | 141,000 | 6,423,000 | -4,273,000 | 1,563,000 | 1,319,000 | 5,172,000 | 9,303,000 | -9,134,000 | -2,119,000 | 3,701,000 | -10,899,000 | -23,522,000 | 6,054,000 | 1,386,000 | 7,631,000 | -223,000 | -7,225,000 | 13,825,000 | 9,703,000 | -10,541,000 | -3,059,000 | 7,692,000 | 5,711,000 | -6,511,000 |
accrued interest payable | 5,219,000 | -846,000 | 544,000 | -7,660,000 | 6,736,000 | 9,254,000 | -7,466,000 | -14,171,000 | 5,262,000 | 17,334,000 | -3,312,000 | 10,626,000 | 11,889,000 | -4,936,000 | 5,969,000 | -3,933,000 | 7,398,000 | -19,978,000 | 30,711,000 | -28,970,000 | 17,413,000 | -6,464,000 | 12,906,000 | -7,644,000 | 6,962,000 | -6,026,000 | 82,000 | -160,000 | -3,623,000 | -4,139,000 | 600,000 | 12,399,000 | -15,688,000 | 13,928,000 | -181,542,000 | 22,781,000 | 12,453,000 | 597,000 | 31,192,000 | -10,530,000 | 22,368,000 | -8,082,000 | 23,098,000 | -18,422,000 | 25,930,000 | -22,627,000 | 11,128,000 | -13,787,000 | 33,067,000 | -28,136,000 | 30,158,000 | -28,321,000 | 36,654,000 | -36,050,000 | 31,073,000 | -20,450,000 | 27,509,000 | -26,024,000 | 25,743,000 | -22,362,000 | 4,168,000 | 11,355,000 | -6,892,000 | 26,522,000 | -16,927,000 | 16,134,000 | -16,803,000 | 18,427,000 | -7,274,000 | 8,624,000 | -7,132,000 | 7,816,000 | -12,434,000 | 10,188,000 | 1,476,000 |
other liabilities | 21,737,000 | 716,000 | -29,724,000 | -11,862,000 | 40,405,000 | 5,343,000 | -20,076,000 | -12,846,000 | 13,521,000 | 15,519,000 | -38,338,000 | 16,565,000 | 11,370,000 | 2,242,000 | -25,586,000 | -12,146,000 | 23,199,000 | 1,981,000 | -29,742,000 | -24,177,000 | 42,497,000 | -2,956,000 | -616,000 | -21,296,000 | 28,880,000 | -47,946,000 | -12,672,000 | -17,831,000 | 6,516,000 | -13,132,000 | -11,518,000 | 23,089,000 | 20,117,000 | -31,938,000 | -26,003,000 | -7,090,000 | -42,516,000 | -38,486,000 | -33,319,000 | 39,365,000 | -16,790,000 | -33,444,000 | -23,136,000 | 2,922,000 | -21,542,000 | -17,056,000 | -22,197,000 | 11,425,000 | 10,734,000 | -12,383,000 | -7,703,000 | 8,293,000 | 650,000 | -16,472,000 | 8,883,000 | 22,233,000 | 12,853,000 | -22,577,000 | -5,940,000 | 10,605,000 | 9,491,000 | -19,471,000 | -10,018,000 | -1,577,000 | 7,027,000 | -2,508,000 | -12,394,000 | 10,108,000 | -18,500,000 | -31,712,000 | -13,919,000 | 13,663,000 | -4,093,000 | -2,950,000 | -1,302,000 |
tenant leasing costs | -45,812,000 | -29,945,000 | -29,477,000 | -17,384,000 | -57,301,000 | -19,212,000 | -12,822,000 | -29,627,000 | -11,803,000 | -18,212,000 | -11,740,000 | -35,911,000 | -25,510,000 | -17,986,000 | -25,657,000 | -14,904,000 | -25,232,000 | -10,509,000 | -10,494,000 | -16,615,000 | -27,151,000 | -15,553,000 | -19,291,000 | -17,777,000 | -41,160,000 | -23,607,000 | -34,095,000 | -18,420,000 | -41,376,000 | -34,623,000 | -23,148,000 | -31,595,000 | -36,730,000 | -30,447,000 | -13,621,000 | -23,631,000 | -21,757,000 | -20,788,000 | -19,867,000 | -34,974,000 | -12,418,000 | -15,396,000 | -27,608,000 | -35,429,000 | -18,658,000 | -28,424,000 | -16,565,000 | -19,278,000 | -17,295,000 | -10,923,000 | -8,932,000 | -35,024,000 | -17,942,000 | -15,922,000 | -7,933,000 | -12,426,000 | -19,854,000 | -11,775,000 | -9,157,000 | -30,262,000 | -11,561,000 | -8,087,000 | -9,603,000 | -23,181,000 | -10,010,000 | -7,933,000 | -5,156,000 | -16,283,000 | -9,299,000 | -11,696,000 | -20,531,000 | -14,171,000 | -9,436,000 | -6,406,000 | -4,754,000 |
total adjustments | 112,963,000 | 391,064,000 | 234,004,000 | 123,131,000 | 621,563,000 | 177,644,000 | 260,115,000 | 90,991,000 | 233,993,000 | 404,732,000 | 242,989,000 | 128,382,000 | 214,273,000 | -124,897,000 | 129,906,000 | 42,533,000 | 123,083,000 | 87,133,000 | 267,163,000 | 23,916,000 | 349,512,000 | 110,091,000 | 80,495,000 | -401,949,000 | 185,364,000 | 112,818,000 | 154,909,000 | 76,075,000 | 194,377,000 | 59,336,000 | 174,503,000 | 9,466,000 | 182,530,000 | 72,730,000 | -41,262,000 | 130,966,000 | 88,130,000 | 117,814,000 | 132,758,000 | 23,795,000 | -157,469,000 | 140,891,000 | -7,724,000 | 14,451,000 | 9,709,000 | 88,883,000 | 56,453,000 | 121,193,000 | 45,147,000 | -409,352,000 | 179,498,000 | 121,983,000 | 66,503,000 | 27,073,000 | 95,251,000 | 48,026,000 | 72,307,000 | 88,079,000 | 84,090,000 | 55,795,000 | 54,261,000 | 77,923,000 | -2,413,000 | 106,714,000 | 53,329,000 | 126,728,000 | 56,106,000 | 289,183,000 | 65,118,000 | 67,022,000 | 14,353,000 | 52,037,000 | -101,275,000 | 83,057,000 | -729,131,000 |
net cash from operating activities | 407,752,000 | 274,224,000 | 353,145,000 | 210,036,000 | 383,746,000 | 286,096,000 | 367,064,000 | 197,595,000 | 387,148,000 | 301,189,000 | 379,173,000 | 234,010,000 | 369,996,000 | 295,764,000 | 397,149,000 | 219,490,000 | 346,368,000 | 226,383,000 | 408,413,000 | 152,063,000 | 374,417,000 | 228,151,000 | 379,075,000 | 175,197,000 | 361,373,000 | 254,188,000 | 358,370,000 | 207,234,000 | 379,618,000 | 209,781,000 | 335,068,000 | 225,778,000 | 314,733,000 | 220,434,000 | 125,748,000 | 246,530,000 | 159,634,000 | 235,171,000 | 348,980,000 | 190,533,000 | 165,802,000 | 241,630,000 | 201,446,000 | 225,876,000 | 160,684,000 | 184,784,000 | 124,209,000 | 227,505,000 | 215,583,000 | 97,409,000 | 237,429,000 | 179,263,000 | 132,606,000 | 161,819,000 | 169,261,000 | 163,469,000 | 152,758,000 | 157,817,000 | 132,284,000 | 43,039,000 | 122,350,000 | 150,410,000 | 60,094,000 | 169,460,000 | 130,979,000 | 206,801,000 | 110,136,000 | 197,949,000 | 113,597,000 | 146,548,000 | 102,814,000 | 176,255,000 | 141,267,000 | 186,680,000 | 125,176,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 407,752,000 | 274,224,000 | 353,145,000 | 210,036,000 | 383,746,000 | 286,096,000 | 367,064,000 | 197,595,000 | 387,148,000 | 301,189,000 | 379,173,000 | 234,010,000 | 369,996,000 | 295,764,000 | 397,149,000 | 219,490,000 | 346,368,000 | 226,383,000 | 408,413,000 | 152,063,000 | 374,417,000 | 228,151,000 | 379,075,000 | 175,197,000 | 361,373,000 | 254,188,000 | 358,370,000 | 207,234,000 | 379,618,000 | 209,781,000 | 335,068,000 | 225,778,000 | 314,733,000 | 220,434,000 | 125,748,000 | 246,530,000 | 159,634,000 | 235,171,000 | 348,980,000 | 190,533,000 | 165,802,000 | 241,630,000 | 201,446,000 | 225,876,000 | 160,684,000 | 184,784,000 | 124,209,000 | 227,505,000 | 215,583,000 | 97,409,000 | 237,429,000 | 179,263,000 | 132,606,000 | 161,819,000 | 169,261,000 | 163,469,000 | 152,758,000 | 157,817,000 | 132,284,000 | 43,039,000 | 122,350,000 | 150,410,000 | 60,094,000 | 169,460,000 | 130,979,000 | 206,801,000 | 110,136,000 | 197,949,000 | 113,597,000 | 146,548,000 | 102,814,000 | 176,255,000 | 141,267,000 | 186,680,000 | 125,176,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of real estate | 0 | -592,438,000 | -724,255,000 | -3,580,000 | -3,581,000 | -118,503,000 | -2,278,000 | -2,292,000 | -119,000 | 0 | 0 | 0 | 0 | -233,084,000 | -289,816,000 | -99,979,000 | -66,714,000 | 0 | -621,359,000 | -71,080,000 | -41,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction in progress | -183,213,000 | -221,870,000 | -139,871,000 | -138,796,000 | -181,398,000 | -156,346,000 | -131,966,000 | -181,636,000 | -164,338,000 | -126,294,000 | -115,649,000 | -119,682,000 | -116,190,000 | -146,901,000 | -136,869,000 | -100,313,000 | -132,774,000 | -145,527,000 | -116,081,000 | -119,496,000 | -123,683,000 | -111,209,000 | -104,455,000 | -143,160,000 | -155,785,000 | -187,016,000 | -117,627,000 | -85,632,000 | -164,402,000 | -149,824,000 | -230,505,000 | -150,060,000 | -156,121,000 | -154,536,000 | -143,229,000 | -154,518,000 | -116,772,000 | -120,004,000 | -122,940,000 | -122,680,000 | -97,554,000 | -94,417,000 | -60,013,000 | -100,750,000 | -98,589,000 | -109,578,000 | -97,025,000 | -117,049,000 | -98,730,000 | -77,878,000 | -103,178,000 | -117,770,000 | -86,079,000 | -58,891,000 | -93,657,000 | -68,322,000 | -72,381,000 | -64,877,000 | |||||||||||||||||
building, pre-development and other capital improvements | -45,027,000 | -42,629,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant improvements | -95,614,000 | -103,446,000 | -79,410,000 | -60,338,000 | -79,477,000 | -60,987,000 | -64,471,000 | -53,377,000 | -66,084,000 | -109,098,000 | -68,568,000 | -67,175,000 | -78,699,000 | -42,142,000 | -42,676,000 | -55,168,000 | -45,074,000 | -57,259,000 | -68,418,000 | -93,201,000 | -62,022,000 | -53,498,000 | -54,731,000 | -64,172,000 | -60,299,000 | -75,592,000 | -61,698,000 | -54,242,000 | -80,584,000 | -45,468,000 | -36,825,000 | -47,157,000 | -52,582,000 | -45,216,000 | -56,723,000 | -50,810,000 | -50,827,000 | -61,196,000 | -55,739,000 | -58,520,000 | -34,608,000 | -24,494,000 | -26,950,000 | -25,311,000 | -26,757,000 | -22,384,000 | -31,551,000 | -26,963,000 | -22,474,000 | -31,000,000 | -24,988,000 | -31,562,000 | -35,314,000 | -37,874,000 | -34,912,000 | -25,920,000 | -22,110,000 | -14,039,000 | -14,251,000 | ||||||||||||||||
proceeds from sales of real estate | 85,000 | 0 | 139,539,000 | 537,886,000 | 121,948,000 | 35,397,000 | 13,624,000 | -658,000 | 246,848,000 | 259,489,000 | 7,338,000 | 23,088,000 | 40,379,000 | 20,019,000 | 279,832,000 | 34,328,000 | 25,129,000 | 116,120,000 | 0 | 12,761,000 | 16,916,000 | 133,000 | 17,934,000 | 0 | 104,816,000 | 213,143,000 | 194,636,000 | 0 | 194,821,000 | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate upon consolidation of unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital contributions to unconsolidated joint ventures | -140,228,000 | -34,092,000 | -31,821,000 | -52,611,000 | -44,598,000 | -27,037,000 | -34,004,000 | -26,457,000 | -43,775,000 | -45,280,000 | -42,850,000 | -60,745,000 | -167,938,000 | -39,824,000 | -43,526,000 | -26,293,000 | -2,690,000 | -75,430,000 | -3,348,000 | -16,684,000 | -14,062,000 | -52,206,000 | -16,171,000 | -89,997,000 | -21,893,000 | -15,431,000 | -23,073,000 | -26,995,000 | -31,642,000 | -248,825,000 | -16,427,000 | -48,823,000 | -19,141,000 | -48,383,000 | -23,511,000 | -17,980,000 | -520,942,000 | -15,825,000 | -10,215,000 | -17,344,000 | -5,874,000 | -12,545,000 | -2,444,000 | -4,285,000 | 0 | -113,000 | -5,847,000 | -42,000 | -278,000 | -47,000 | -103,000 | -1,151,000 | -15,484,000 | -1,232,000 | -1,380,000 | -321,000 | |||||||||||||||||||
capital distributions from unconsolidated joint ventures | 143,451,000 | 25,437,000 | 0 | 500,000 | 0 | 16,527,000 | 20,095,000 | 0 | 0 | 0 | 122,000 | 175,000 | 710,000 | 0 | 31,807,000 | 0 | 0 | 0 | 0 | 24,527,000 | 850,000 | 284,000 | 244,000 | 113,000 | 2,795,000 | 21,885,000 | 500,000 | 0 | 3,000,000 | 57,000 | 22,752,000 | 2,160,000 | |||||||||||||||||||||||||||||||||||||||||||
investment in non-real estate investments | -1,478,000 | -630,000 | -996,000 | -434,000 | -1,000,000 | -875,000 | -197,000 | -1,257,000 | 0 | -733,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of note receivables | -18,835,000 | -2,226,000 | -1,200,000 | -600,000 | -1,035,000 | -800,000 | -850,000 | -573,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from note receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in securities | -164,000 | -142,000 | -167,000 | 1,031,000 | -889,000 | -143,000 | -257,000 | 1,425,000 | -283,000 | -253,000 | 189,000 | 1,843,000 | -141,000 | -154,000 | -141,000 | 5,338,000 | -233,000 | -231,000 | -199,000 | 2,114,000 | -227,000 | -228,000 | -195,000 | 3,201,000 | -195,000 | -858,000 | -194,000 | -885,000 | -141,000 | -238,000 | -205,000 | -318,000 | -218,000 | -256,000 | -234,000 | -961,000 | -271,000 | -220,000 | -438,000 | -242,000 | -207,000 | -241,000 | -884,000 | -238,000 | -204,000 | -239,000 | -1,099,000 | -225,000 | -195,000 | -220,000 | -918,000 | -193,000 | -169,000 | -29,000 | -844,000 | -198,000 | -197,000 | -169,000 | -695,000 | ||||||||||||||||
net cash from investing activities | 343,702,000 | -375,824,000 | -303,261,000 | -309,143,000 | -386,609,000 | -297,283,000 | -266,885,000 | -286,619,000 | -318,103,000 | -320,714,000 | -269,272,000 | -285,592,000 | -289,582,000 | -333,050,000 | -828,835,000 | -151,335,000 | -41,588,000 | -434,757,000 | -321,338,000 | -242,273,000 | -225,308,000 | -267,889,000 | -46,729,000 | -73,793,000 | -278,625,000 | -408,514,000 | -104,437,000 | -223,515,000 | -78,809,000 | -534,266,000 | -302,013,000 | -183,788,000 | -275,387,000 | -82,957,000 | -276,877,000 | -262,593,000 | -678,792,000 | -316,235,000 | -109,357,000 | -679,027,000 | 219,636,000 | 176,440,000 | 2,725,000 | -176,868,000 | -141,685,000 | -199,499,000 | -147,072,000 | -79,195,000 | -1,143,000 | -19,311,000 | -432,991,000 | -257,920,000 | -213,698,000 | -46,304,000 | -760,110,000 | -59,694,000 | 159,704,000 | -69,077,000 | -121,029,000 | -385,568,000 | -490,140,000 | -132,620,000 | -152,946,000 | -118,316,000 | -129,320,000 | -106,051,000 | -92,914,000 | -102,559,000 | -582,730,000 | -720,747,000 | 90,360,000 | -476,778,000 | 176,078,000 | -67,845,000 | 945,476,000 |
bxp, inc.consolidated statements of cash flows | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage notes payable | 0 | 0 | 0 | 725,000,000 | 0 | 267,500,000 | 0 | 1,464,000 | 5,774,000 | 67,110,000 | 18,621,000 | 16,424,000 | 400,638,000 | 30,469,000 | 41,230,000 | 65,232,000 | 77,153,000 | 25,890,000 | 55,586,000 | 938,740,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of mortgage notes payable | -1,056,000 | -1,043,000 | -1,030,000 | -1,122,000 | -1,319,000 | -1,442,000 | -1,215,000 | -804,000 | -819,035,000 | -3,967,000 | -3,920,000 | -5,374,000 | -4,373,000 | -4,318,000 | -4,265,000 | -4,212,000 | -30,663,000 | -5,808,000 | -4,057,000 | -5,645,000 | -3,957,000 | -5,485,000 | -3,859,000 | -5,333,000 | -3,763,000 | -5,182,000 | -1,303,670,000 | -5,038,000 | -1,100,749,000 | -216,270,000 | -6,265,000 | -34,664,000 | -7,228,000 | -5,885,000 | -7,024,000 | -5,728,000 | -69,823,000 | -5,577,000 | -6,630,000 | 16,439,000 | -16,885,000 | -56,178,000 | -23,687,000 | -5,573,000 | -28,439,000 | -69,346,000 | -150,519,000 | -55,767,000 | -727,435,000 | -459,862,000 | -8,777,000 | -428,660,000 | -265,343,000 | -28,957,000 | -7,231,000 | -5,970,000 | -27,210,000 | -84,697,000 | -7,361,000 | -22,695,000 | -283,266,000 | -266,354,000 | -30,739,000 | -74,483,000 | -237,386,000 | -173,085,000 | -711,664,000 | ||||||||
proceeds from unsecured senior notes | 0 | 0 | 0 | 0 | 849,651,000 | 0 | 846,345,000 | 0 | 0 | 0 | 699,678,000 | 992,710,000 | 0 | 997,080,000 | 0 | 0 | 0 | 0 | 843,710,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment / redemption of unsecured senior notes | 0 | 0 | 0 | -850,000,000 | 0 | 0 | 0 | -700,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured exchangeable senior notes | 0 | 0 | 0 | 0 | 0 | 840,363,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on unsecured line of credit | 0 | 345,000,000 | 160,000,000 | 360,000,000 | 100,000,000 | 545,000,000 | 150,000,000 | 190,000,000 | 470,000,000 | 0 | 0 | 0 | 265,000,000 | 0 | 0 | 330,000,000 | 50,000,000 | 165,000,000 | 235,000,000 | 85,000,000 | 260,000,000 | 110,000,000 | 40,000,000 | 255,000,000 | 175,000,000 | 200,000,000 | 562,000,000 | 0 | 0 | 75,000,000 | 185,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
repayments of unsecured line of credit | 0 | -530,000,000 | -275,000,000 | -60,000,000 | -440,000,000 | -370,000,000 | -240,000,000 | -80,000,000 | -325,000,000 | 0 | 0 | -250,000,000 | -15,000,000 | 0 | 0 | -330,000,000 | -50,000,000 | -335,000,000 | -65,000,000 | -200,000,000 | -190,000,000 | -65,000,000 | -40,000,000 | -360,000,000 | -70,000,000 | 0 | 0 | -419,000,000 | -443,000,000 | 0 | 0 | -75,000,000 | -185,000,000 | ||||||||||||||||||||||||||||||||||||||||||
borrowings on unsecured term loans | 0 | 0 | 0 | 700,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of unsecured term loans | 0 | 0 | 0 | -700,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on finance lease obligations | -3,488,000 | -3,439,000 | -3,391,000 | -3,344,000 | -3,297,000 | -3,251,000 | -2,839,000 | -3,160,000 | 0 | 632,000 | 0 | 126,000 | -158,000 | -470,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on commercial paper program | 2,974,133,000 | 1,684,527,000 | 2,709,842,000 | 1,287,523,000 | 1,808,401,000 | 1,695,857,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on commercial paper program | -2,974,133,000 | -1,684,527,000 | -2,459,842,000 | -1,287,523,000 | -1,808,401,000 | -1,695,857,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | -2,496,000 | -22,667,000 | -376,000 | -14,102,000 | -1,343,000 | -8,259,000 | -2,525,000 | -108,000 | -6,777,000 | -300,000 | -6,126,000 | -6,213,000 | -6,230,000 | 0 | -1,871,000 | -359,000 | 13,000 | -7,128,000 | -6,497,000 | -7,145,000 | 0 | -951,000 | -9,454,000 | -11,000 | -83,000 | -6,018,000 | -6,926,000 | -186,000 | -8,099,000 | 0 | -247,000 | -16,000 | -6,622,000 | -448,000 | -8,054,000 | 0 | -8,047,000 | -222,000 | -1,125,000 | -143,000 | -20,000 | 0 | 0 | -13,000 | -18,000 | -15,000 | -6,634,000 | -20,000 | -690,000 | -7,667,000 | -91,000 | -6,867,000 | -2,883,000 | -5,544,000 | -676,000 | -8,790,000 | -1,912,000 | -6,032,000 | -684,000 | -3,008,000 | -125,000 | -1,217,000 | -9,354,000 | -4,732,000 | -46,000 | -596,000 | -119,000 | -546,000 | -4,717,000 | ||||||
capped call transactions premium | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net activity from equity transactions | -2,000 | 505,000 | -117,000 | -821,000 | -3,000 | 408,000 | 0 | -2,136,000 | 0 | 406,000 | -625,000 | 586,000 | 7,000 | 7,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends and distributions | -123,387,000 | -173,302,000 | -173,300,000 | -173,118,000 | -172,509,000 | -172,787,000 | -172,780,000 | -171,794,000 | -172,835,000 | -171,649,000 | -172,055,000 | -171,270,000 | -171,533,000 | -171,535,000 | -171,463,000 | -170,488,000 | -170,372,000 | -170,264,000 | -171,551,000 | -171,566,000 | -172,332,000 | -172,333,000 | -172,275,000 | -171,964,000 | -166,667,000 | -166,666,000 | -166,599,000 | -166,362,000 | -166,364,000 | -140,510,000 | -140,466,000 | -140,288,000 | -131,678,000 | -131,679,000 | -131,666,000 | -131,555,000 | -114,361,000 | -114,334,000 | -328,567,000 | -114,180,000 | -114,179,000 | -114,156,000 | -883,684,000 | -113,950,000 | -113,702,000 | -116,282,000 | -496,330,000 | -113,678,000 | -113,989,000 | -112,511,000 | -110,940,000 | -93,905,000 | -93,725,000 | -92,957,000 | -92,312,000 | -83,996,000 | -83,771,000 | -83,388,000 | -81,442,000 | -81,433,000 | -81,208,000 | -81,094,000 | -80,951,000 | -80,896,000 | -80,740,000 | -98,040,000 | -97,652,000 | -96,943,000 | -96,940,000 | -105,494,000 | -936,390,000 | -96,339,000 | -96,262,000 | -105,369,000 | -845,500,000 |
proceeds from sale of interest in property partnerships and contributions from noncontrolling interests in property partnerships | 17,089,000 | 1,588,000 | 60,441,000 | 5,150,000 | 70,397,000 | 95,724,000 | 67,481,000 | 141,118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests in property partnerships | -19,577,000 | -25,550,000 | -18,477,000 | -19,525,000 | -25,351,000 | -14,894,000 | -17,434,000 | -20,025,000 | -21,605,000 | -12,150,000 | -14,614,000 | -21,606,000 | -24,289,000 | -20,150,000 | -14,439,000 | -26,640,000 | -194,160,000 | -27,675,000 | -19,704,000 | -18,225,000 | -18,720,000 | -11,026,000 | -13,315,000 | -15,750,000 | -16,764,000 | -13,748,000 | -15,273,000 | -24,128,000 | -25,705,000 | -12,763,000 | -13,343,000 | -30,690,000 | -12,737,000 | -14,490,000 | -13,314,000 | -13,801,000 | -12,780,000 | -12,999,000 | -12,915,000 | -25,581,000 | -110,446,000 | -18,948,000 | -17,974,000 | -11,594,000 | -11,075,000 | -9,306,000 | -5,143,000 | -1,865,000 | -500,000 | -500,000 | -500,000 | -500,000 | -1,250,000 | -1,750,000 | |||||||||||||||||||||
acquisition of noncontrolling interests in property partnerships | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -132,917,000 | 512,488,000 | -1,250,000 | -756,882,000 | -133,425,000 | 745,170,000 | -129,312,000 | -756,909,000 | 613,134,000 | -678,577,000 | 554,307,000 | 279,052,000 | 207,512,000 | -16,678,000 | 452,193,000 | -86,970,000 | -885,543,000 | 653,015,000 | -398,978,000 | -679,936,000 | -194,569,000 | -187,128,000 | 800,731,000 | 65,288,000 | -195,627,000 | -203,833,000 | 476,693,000 | -190,612,000 | -85,402,000 | 21,209,000 | 238,876,000 | -92,230,000 | -97,634,000 | -136,857,000 | 340,625,000 | -37,912,000 | -241,563,000 | -344,570,000 | 642,337,000 | -174,795,000 | -341,182,000 | -139,715,000 | -902,854,000 | 867,407,000 | -208,911,000 | -128,282,000 | -1,162,701,000 | 575,552,000 | -181,896,000 | 621,257,000 | 62,960,000 | -102,580,000 | -367,690,000 | 965,286,000 | -641,163,000 | 656,409,000 | -30,022,000 | -55,461,000 | 257,102,000 | -448,597,000 | -65,584,000 | 465,266,000 | -135,689,000 | -114,943,000 | 90,523,000 | 412,620,000 | -108,334,000 | -905,452,000 | -86,754,000 | -308,465,000 | -249,853,000 | 219,896,000 | |||
net increase in cash and cash equivalents and cash held in escrows | -136,288,000 | 733,983,000 | -29,133,000 | -845,933,000 | 682,179,000 | -698,102,000 | 664,208,000 | 227,470,000 | 287,926,000 | -53,964,000 | -580,763,000 | 444,641,000 | -311,903,000 | -770,146,000 | -45,460,000 | -226,866,000 | 1,133,077,000 | 166,692,000 | -112,879,000 | -358,159,000 | 215,407,000 | -303,276,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and cash held in escrows, beginning of period | 0 | 0 | 0 | 1,335,196,000 | 0 | 0 | 0 | 1,612,567,000 | 0 | 0 | 0 | 736,812,000 | 0 | 0 | 0 | 501,158,000 | 0 | 0 | 0 | 1,719,329,000 | 0 | 0 | 0 | 691,886,000 | 0 | 0 | 0 | 639,191,000 | 0 | 0 | 0 | 505,369,000 | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and cash held in escrows, end of period | 618,537,000 | 410,888,000 | 48,634,000 | 479,207,000 | -136,288,000 | 733,983,000 | -29,133,000 | 766,634,000 | 682,179,000 | -698,102,000 | 664,208,000 | 964,282,000 | 287,926,000 | -53,964,000 | 20,507,000 | 482,343,000 | -580,763,000 | 444,641,000 | -311,903,000 | 949,183,000 | -45,460,000 | -226,866,000 | 1,133,077,000 | 858,578,000 | -112,879,000 | -358,159,000 | 730,626,000 | 432,298,000 | 215,407,000 | -303,276,000 | 271,931,000 | 455,129,000 | |||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash and cash equivalents and cash held in escrows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 1,254,882,000 | 0 | 0 | 0 | 1,531,477,000 | 0 | 0 | 0 | 690,333,000 | 0 | 0 | 0 | 452,692,000 | 0 | 0 | 0 | 1,668,742,000 | 0 | 0 | 0 | 644,950,000 | 0 | 0 | 0 | 543,359,000 | 0 | 0 | 0 | 434,767,000 | 0 | 0 | 356,914,000 | 0 | 0 | 723,718,000 | 0 | 0 | 1,763,079,000 | 0 | 0 | 2,365,137,000 | 0 | 0 | 1,041,978,000 | 0 | 0 | 1,823,208,000 | 0 | 0 | 478,948,000 | 0 | 0 | 1,448,933,000 | 0 | 0 | 241,510,000 | 0 | 0 | 0 | 1,506,921,000 | 0 | 0 | 0 | 725,788,000 | ||||||||
cash held in escrows, beginning of period | 0 | 0 | 0 | 80,314,000 | 0 | 0 | 0 | 81,090,000 | 0 | 0 | 0 | 46,479,000 | 0 | 0 | 0 | 48,466,000 | 0 | 0 | 0 | 50,587,000 | 0 | 0 | 0 | 46,936,000 | 0 | 0 | 0 | 95,832,000 | 0 | 0 | 0 | 70,602,000 | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 617,140,000 | 414,113,000 | 48,827,000 | 398,126,000 | -165,593,000 | 735,099,000 | -16,319,000 | 701,695,000 | 648,830,000 | -698,928,000 | 662,623,000 | 918,952,000 | 314,559,000 | -80,717,000 | 20,220,000 | 436,271,000 | -550,036,000 | 445,421,000 | -140,062,000 | 697,369,000 | -46,041,000 | 23,736,000 | 1,030,314,000 | 660,733,000 | -106,260,000 | -335,791,000 | 726,910,000 | 360,091,000 | 220,857,000 | -150,053,000 | 177,984,000 | 294,571,000 | 620,000 | 189,496,000 | 302,939,000 | -760,721,000 | -425,634,000 | 1,605,678,000 | 44,256,000 | 278,355,000 | 1,064,396,000 | -189,912,000 | -142,997,000 | 1,179,573,000 | 32,544,000 | 699,355,000 | 909,376,000 | -448,782,000 | 1,080,801,000 | 591,196,000 | 282,440,000 | 33,279,000 | 747,305,000 | -433,374,000 | 483,056,000 | 1,220,392,000 | -37,139,000 | 675,456,000 | 143,789,000 | 185,913,000 | -56,513,000 | -682,533,000 | 794,643,000 | -387,277,000 | 8,880,000 | -131,018,000 | 2,016,336,000 | ||||||||
cash held in escrows, end of period | 1,397,000 | -3,225,000 | -193,000 | 81,081,000 | 29,305,000 | -1,116,000 | -12,814,000 | 64,939,000 | 33,349,000 | 826,000 | 1,585,000 | 45,330,000 | -26,633,000 | 26,753,000 | 287,000 | 46,072,000 | -30,727,000 | -780,000 | -171,841,000 | 251,814,000 | 581,000 | -250,602,000 | 102,763,000 | 197,845,000 | -6,619,000 | -22,368,000 | 3,716,000 | 72,207,000 | -5,450,000 | -153,223,000 | 93,947,000 | 160,558,000 | |||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 163,269,000 | 170,951,000 | 167,236,000 | 175,700,000 | 170,321,000 | 163,337,000 | 161,692,000 | 180,717,000 | 149,973,000 | 130,802,000 | 147,516,000 | 125,698,000 | 110,836,000 | 122,658,000 | 104,505,000 | 111,904,000 | 107,427,000 | 131,648,000 | 79,586,000 | 146,781,000 | 97,901,000 | 121,837,000 | 99,058,000 | 114,696,000 | 101,026,000 | 121,279,000 | 109,660,000 | 107,094,000 | 112,816,000 | 110,305,000 | 103,486,000 | 89,412,000 | 121,297,000 | 89,144,000 | 295,271,000 | 92,774,000 | 110,032,000 | 123,497,000 | 93,524,000 | 134,459,000 | 106,425,000 | 136,434,000 | 104,508,000 | 156,567,000 | 110,183,000 | 158,976,000 | 220,790,000 | 179,321,000 | 97,475,000 | 196,685,000 | 74,492,000 | 136,653,000 | 67,719,000 | 135,986,000 | 140,508,000 | 128,049,000 | 67,270,000 | 119,638,000 | 71,213,000 | 119,473,000 | 88,632,000 | 89,983,000 | 96,084,000 | 58,942,000 | 92,843,000 | 61,037,000 | 94,237,000 | 60,369,000 | 83,939,000 | 63,236,000 | 82,096,000 | 68,552,000 | 88,479,000 | 69,007,000 | 74,452,000 |
interest capitalized | 14,670,000 | 13,491,000 | 12,148,000 | 10,317,000 | 10,634,000 | 11,625,000 | 10,336,000 | 9,381,000 | 9,207,000 | 12,273,000 | 10,564,000 | 10,589,000 | 12,082,000 | 12,229,000 | 14,079,000 | 13,740,000 | 16,465,000 | 11,586,000 | 13,014,000 | 12,032,000 | 12,552,000 | 13,463,000 | 13,717,000 | 14,149,000 | 13,658,000 | 16,184,000 | 13,256,000 | 11,813,000 | 14,172,000 | 16,595,000 | 17,621,000 | 17,378,000 | 17,784,000 | 16,658,000 | 14,283,000 | 12,345,000 | 9,788,000 | 9,899,000 | 9,269,000 | 8,298,000 | 9,100,000 | 8,850,000 | 7,965,000 | 7,667,000 | 12,223,000 | 14,877,000 | 17,709,000 | 17,900,000 | 17,398,000 | 18,436,000 | 14,418,000 | 12,869,000 | 10,131,000 | 10,077,000 | 11,201,000 | 11,977,000 | 13,004,000 | 11,958,000 | 11,239,000 | 14,569,000 | 9,302,000 | 9,023,000 | 8,087,000 | 11,637,000 | 12,982,000 | 12,087,000 | 12,110,000 | 11,397,000 | 11,265,000 | 9,736,000 | 9,485,000 | 10,419,000 | 8,375,000 | 7,944,000 | 4,308,000 |
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-off of fully depreciated real estate | -46,573,000 | -60,830,000 | -27,488,000 | -20,549,000 | -35,421,000 | -18,654,000 | -30,006,000 | -27,993,000 | -25,276,000 | -29,487,000 | -56,391,000 | -23,538,000 | -30,561,000 | -30,489,000 | -34,946,000 | -80,209,000 | -60,436,000 | -73,511,000 | -25,161,000 | -25,910,000 | -23,443,000 | -11,359,000 | -38,782,000 | -25,213,000 | -29,643,000 | -31,640,000 | -35,313,000 | -21,218,000 | -49,291,000 | -29,609,000 | -20,919,000 | -17,837,000 | -36,843,000 | -49,292,000 | -116,153,000 | ||||||||||||||||||||||||||||||||||||||||
change in real estate included in accounts payable and accrued expenses | -28,511,000 | -23,714,000 | 48,937,000 | 15,198,000 | -29,856,000 | 27,861,000 | -378,000 | -48,518,000 | 3,873,000 | 13,870,000 | 11,692,000 | 68,296,000 | -11,365,000 | 23,748,000 | 16,907,000 | -3,079,000 | 718,000 | 19,956,000 | -42,778,000 | 11,076,000 | -5,463,000 | 1,954,000 | -27,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets obtained in exchange for lease liabilities - operating lease | 0 | 0 | 4,994,000 | 25,637,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets obtained in exchange for lease liabilities - finance lease | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents and cash held in escrows | 410,888,000 | 48,634,000 | -855,989,000 | -18,815,000 | -206,893,000 | -50,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liability - finance lease reversal for re-assessment event | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use asset - finance lease reversal for re-assessment event | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 0 | 0 | 0 | 13,615,000 | 0 | 0 | 24,038,000 | 0 | 0 | 0 | 8,306,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash contributions from noncontrolling interests in property partnerships | -2,674,000 | 281,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized operating lease costs | 7,548,000 | 7,548,000 | 7,549,000 | 7,550,000 | 7,548,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures eliminated upon consolidation | 0 | 0 | -11,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage note payable recorded upon consolidation | 0 | 0 | 207,093,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses from investments in securities | 365,000 | -3,245,000 | 2,262,000 | 587,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
building and other capital improvements | -57,395,000 | -71,256,000 | -51,612,000 | -34,712,000 | -32,087,000 | -54,031,000 | -39,049,000 | -39,244,000 | -39,100,000 | -64,249,000 | -49,477,000 | -36,467,000 | -26,811,000 | -47,158,000 | -37,807,000 | -33,316,000 | -32,717,000 | -43,232,000 | -48,508,000 | -29,232,000 | -39,154,000 | -51,216,000 | -49,397,000 | -47,224,000 | -32,719,000 | -48,802,000 | -44,239,000 | -43,180,000 | -53,550,000 | -60,087,000 | -61,587,000 | -57,121,000 | -43,687,000 | -33,536,000 | -22,977,000 | -25,329,000 | -28,111,000 | -36,511,000 | -28,742,000 | -19,391,000 | -25,150,000 | -20,044,000 | -19,775,000 | -17,510,000 | -27,016,000 | -23,124,000 | -9,519,000 | -14,162,000 | -17,784,000 | -10,590,000 | -12,956,000 | -8,613,000 | -32,555,000 | -16,016,000 | -4,516,000 | -8,874,000 | |||||||||||||||||||
real estate and intangibles recorded upon consolidation | 0 | -220,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends and distributions declared but not paid | 172,674,000 | 18,000 | 172,154,000 | 451,000 | 38,000 | 171,427,000 | 15,000 | 68,000 | 170,869,000 | 21,000 | -1,285,000 | 171,003,000 | 51,000 | 171,026,000 | 2,000 | 67,000 | 165,352,000 | -4,000 | 25,855,000 | 45,000 | 139,218,000 | 8,606,000 | 2,000 | 14,000 | 130,418,000 | -33,000 | -8,000 | 113,079,000 | 214,408,000 | 20,000 | 96,000 | 112,796,000 | 769,764,000 | 288,000 | -2,379,000 | 114,799,000 | 384,772,000 | 45,000 | 1,539,000 | 110,886,000 | 17,027,000 | 108,000 | 738,000 | 92,615,000 | 8,317,000 | 215,000 | 350,000 | 83,019,000 | -37,000 | 203,000 | 109,000 | 80,756,000 | 73,000 | -12,000 | -17,072,000 | 97,547,000 | 671,000 | 40,000 | -8,699,000 | 105,150,000 | 848,718,000 | -40,000 | -9,092,000 | 105,284,000 | |||||||||||
conversions of noncontrolling interests to stockholders’ equity | 3,676,000 | 1,451,000 | 1,303,000 | 2,920,000 | 599,000 | 195,000 | 959,000 | 401,000 | 5,028,000 | 1,748,000 | 2,087,000 | 4,198,000 | 10,849,000 | 15,495,000 | 223,000 | 720,000 | 492,000 | 768,000 | 916,000 | 364,000 | 832,000 | 104,000 | 390,000 | 15,629,000 | 793,000 | 3,217,000 | 2,218,000 | 446,000 | 186,000 | 3,314,000 | 2,154,000 | 8,689,000 | 332,000 | 127,000 | 1,614,000 | 627,000 | 19,885,000 | 97,000 | 10,037,000 | 272,000 | 23,385,000 | 4,405,000 | 805,000 | 6,026,000 | 14,317,000 | 23,630,000 | 18,335,000 | 29,216,000 | 3,434,000 | 9,767,000 | 3,003,000 | 978,000 | |||||||||||||||||||||||
issuance of restricted securities to employees and non-employee directors | 42,281,000 | 1,377,000 | 41,989,000 | 236,000 | 1,369,000 | 46,516,000 | 1,407,000 | 1,116,000 | 46,082,000 | 1,742,000 | 1,260,000 | 41,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income - assignment fee | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales-type lease | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | 0 | 0 | -144,000 | -8,000 | -126,000 | -142,000 | -137,000 | -140,000 | 376,000 | -137,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from assignment fee | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes receivable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of above and below market leases | -1,298,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on non-real estate investment | -94,000 | 51,000 | -124,000 | -259,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate | 0 | 0 | 6,086,000 | 0 | -43,061,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction in progress from prepaid expenses and other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on unsecured term loan | 0 | 0 | 0 | 1,200,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of unsecured term loan | 0 | 0 | 0 | -730,000,000 | 0 | 0 | 0 | -500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash distributions to noncontrolling interests in property partnerships | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on non-real estate investment | -396,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
boston properties, inc.consolidated statements of cash flows | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash distributions to noncontrolling interests in property | 52,786,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of accreted debt discount on redemption of unsecured senior notes | -2,210,000 | 0 | 0 | -6,290,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses from early extinguishments of debt | 44,284,000 | 0 | 0 | 898,000 | 3,990,000 | 0 | 6,051,000 | 2,170,000 | 0 | 16,000 | 0 | 116,000 | 0 | 722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investment in unconsolidated joint venture | 0 | 0 | 200,000 | 17,589,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt prepayment and extinguishment costs | -42,851,000 | 0 | 0 | -185,000 | -1,446,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of related party note receivable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interests in property partnerships | 5,116,000 | 0 | 7,555,000 | 0 | 0 | 0 | 849,000 | 4,264,000 | 11,318,000 | 2,139,000 | 281,000 | 855,000 | 1,407,000 | 2,081,000 | 3,876,000 | 8,848,000 | 14,820,000 | 7,761,000 | 4,387,000 | 9,553,000 | 9,616,000 | 12,265,000 | 15,267,000 | 13,813,000 | 14,700,000 | 15,351,000 | 8,145,000 | 1,697,000 | 2,551,000 | 2,489,000 | 669,000 | 460,000 | 629,000 | 1,305,000 | 1,207,000 | 468,000 | |||||||||||||||||||||||||||||||||||||||
right of use assets obtained in exchange for lease liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction in progress, net deconsolidated | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures recorded upon deconsolidation | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (income) from unconsolidated joint ventures | 6,668,000 | 7,569,000 | -5,225,000 | 79,700,000 | 369,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses (gains) from investments in securities | -1,571,000 | -1,665,000 | -2,096,000 | 1,571,000 | -4,552,000 | 5,445,000 | 126,000 | -493,000 | -187,000 | 860,000 | 678,000 | -200,000 | -1,317,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures | 58,451,000 | 3,524,000 | 54,000 | -2,189,000 | -47,964,000 | -213,000 | -769,000 | -461,000 | -4,197,000 | -843,000 | -3,108,000 | -3,084,000 | -1,464,000 | -2,234,000 | -1,791,000 | -2,211,000 | -2,647,000 | -3,078,000 | -14,834,000 | -2,700,000 | -4,419,000 | -2,834,000 | -2,816,000 | -2,834,000 | -14,736,000 | -48,783,000 | -8,721,000 | -6,949,000 | -9,217,000 | -21,191,000 | -11,721,000 | -57,712,000 | -11,326,000 | -8,882,000 | -7,976,000 | -11,565,000 | -7,465,000 | -7,910,000 | -6,350,000 | 351,000 | -5,097,000 | ||||||||||||||||||||||||||||||||||
lease liabilities - finance leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in non-real estate investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of notes receivable | 0 | 0 | 184,000 | -285,000 | 210,000 | -1,239,000 | -735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of unsecured senior notes | -997,790,000 | 0 | 0 | -843,710,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for lease liabilities | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from equity transactions | -332,000 | 4,186,000 | 448,000 | -63,000 | 19,643,000 | 1,000 | 93,000 | -166,000 | 3,349,000 | 11,148,000 | 301,000 | 469,000 | 1,792,000 | -397,000 | 351,000 | 39,000 | -723,000 | 0 | 422,000 | 2,000 | -183,000 | 396,000 | -9,000 | -657,000 | 0 | 467,000 | 477,000 | -145,000 | 393,000 | 368,000 | 1,689,000 | -527,000 | 14,000 | 346,000 | -135,000 | -559,000 | 10,000 | -757,000 | 360,000 | 613,000 | 747,000 | 5,679,000 | 3,128,000 | 15,879,000 | 5,205,000 | 849,000 | 3,226,000 | 843,080,000 | 521,000 | 495,000 | 302,000 | -1,528,000 | 995,000 | 645,000 | 12,881,000 | ||||||||||||||||||||
preferred stock redemption liability | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred distributions from sale of investment in unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred proceeds from sale of investment in unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets - finance leases | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents deconsolidated | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interests in property partnership | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid rent reclassified to right of use asset | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued rental income, net deconsolidated | 0 | 0 | -4,558,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant leasing costs, net deconsolidated | 0 | 0 | -3,462,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
building and other capital improvements, net deconsolidated | 0 | 0 | -111,889,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant improvements, net deconsolidated | 0 | 0 | -12,331,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint venture recorded upon deconsolidation | 0 | 0 | 347,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses from investments in securities | -1,659,000 | -2,969,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred distributions from sale of investment in unconsolidated joint venture | 5,808,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred proceeds from sale of investment in unconsolidated joint venture | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on capital lease | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loan | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on capital lease obligations | -3,000 | -28,000 | 113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on real estate financing transactions | 0 | 0 | -516,000 | -444,000 | -1,534,000 | -293,000 | -533,000 | -480,000 | -422,000 | -3,509,000 | -781,000 | -1,574,000 | -1,569,000 | -1,542,000 | -1,523,000 | -2,454,000 | -2,432,000 | -2,809,000 | -2,915,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate acquired through capital lease | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from early extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use asset - finance lease deconsolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liability - finance lease deconsolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate acquired through finance lease | 0 | 122,563,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on sales of real estate | -410,165,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable | -128,000 | 380,000 | -126,000 | -125,000 | -125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and cash held in escrows, beginning of year | 691,886,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and cash held in escrows, end of year | 858,578,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of restricted securities to employees | 43,104,000 | 0 | 1,495,000 | 37,428,000 | 0 | 909,000 | 36,433,000 | -234,000 | 1,353,000 | 34,592,000 | 0 | 1,081,000 | 32,630,000 | 0 | 1,084,000 | 42,279,000 | 0 | 911,000 | 26,534,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of right-of-use assets - operating leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses (gains) from early extinguishments of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of note receivable | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from note receivable | 0 | 0 | 100,000,000 | 23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of mezzanine notes payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of outside members’ notes payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on mortgage note payable interest rate lock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return of deposit on mortgage note payable interest rate lock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest in property partnership | 0 | -11,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to real estate included in accounts payable and accrued expenses | -19,293,000 | 65,461,000 | 49,689,000 | -12,072,000 | -34,919,000 | 35,245,000 | 13,615,000 | -21,714,000 | 44,708,000 | 26,335,000 | 10,386,000 | -24,857,000 | 10,642,000 | 8,361,000 | 9,243,000 | 15,185,000 | -4,562,000 | 9,393,000 | 13,427,000 | 1,651,000 | -2,729,000 | 7,475,000 | 2,869,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
building and other capital improvements deconsolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint venture recorded on deconsolidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses (gains) on sales of real estate | 905,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment in unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outside members’ notes payable contributed to noncontrolling interests in property partnerships | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of restricted securities to employees and directors | 0 | 0 | 4,176,000 | 25,901,000 | -153,000 | 396,000 | -184,000 | 26,139,000 | 0 | 0 | 704,000 | 24,383,000 | 0 | 454,000 | 0 | 18,768,000 | 0 | 0 | 1,345,000 | 21,619,000 | 0 | 253,000 | 422,000 | 42,861,000 | 0 | 0 | 0 | 17,658,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gains from early extinguishments of debt | 0 | -282,000 | -914,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses from early extinguishments of debt | 1,164,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash held in escrows | 399,000 | 264,000 | 867,000 | 6,664,000 | 1,043,000 | -1,308,000 | 1,940,000 | 14,466,000 | -32,575,000 | -1,219,000 | 1,044,000 | -524,000 | 6,004,000 | -5,008,000 | 2,961,000 | -3,702,000 | 1,330,000 | 2,984,000 | -297,000 | 2,469,000 | -872,000 | -684,000 | 9,359,000 | -3,573,000 | -1,820,000 | 3,253,000 | -7,661,000 | -7,260,000 | 2,111,000 | -4,534,000 | 1,019,000 | -1,186,000 | 1,608,000 | -2,869,000 | 2,550,000 | 402,000 | 2,272,000 | -2,004,000 | 2,878,000 | -7,683,000 | 4,830,000 | -2,331,000 | 2,620,000 | ||||||||||||||||||||||||||||||||
proceeds from sales of real estate placed in escrow | 0 | -13,170,000 | -17,951,000 | 0 | -104,696,000 | 0 | 1,245,000 | -201,857,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate released from escrow | 13,170,000 | 796,000 | 17,951,000 | 0 | 104,696,000 | 192,262,000 | 341,987,000 | 99,916,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash placed in escrow for land sale contracts | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash released from escrow for land sale contracts | 622,000 | 293,000 | 488,000 | 2,062,000 | 2,492,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash released from escrow for investing activities | -408,000 | 634,000 | 3,774,000 | 5,230,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash placed in escrow for investment in unconsolidated joint venture | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from real estate financing transaction | 0 | 0 | 0 | 6,000,000 | 0 | 0 | 1,610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred units | 0 | 0 | -1,389,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -58,288,000 | 620,000 | 189,496,000 | -53,975,000 | -425,634,000 | 881,960,000 | 916,415,000 | -189,912,000 | 723,862,000 | 32,544,000 | -181,237,000 | -448,782,000 | 1,080,801,000 | -1,232,012,000 | 760,184,000 | 282,440,000 | 33,279,000 | 268,357,000 | -791,126,000 | -433,374,000 | 666,827,000 | -37,139,000 | 185,913,000 | -56,513,000 | -682,533,000 | -712,278,000 | -387,277,000 | 8,880,000 | -131,018,000 | 1,290,548,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities transferred in connection with the legal defeasance of mortgage note payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage note payable legally defeased | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage note payable assigned in connection with the sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on real estate | 0 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 44,256,000 | 278,355,000 | -698,683,000 | -1,185,564,000 | -132,602,000 | -228,541,000 | -97,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable assigned in connection with the sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits on real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on consolidation of joint ventures | 0 | 1,810,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of accreted debt discount on repurchases/repayments of unsecured senior notes and unsecured exchangeable senior notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of real estate from discontinued operations | -26,381,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on forgiveness of debt from discontinued operations | 0 | 0 | 0 | -20,182,000 | 0 | 0 | -17,807,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment income from discontinued operations | 0 | 0 | 0 | 3,241,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate and sales of interests in property partnerships placed in escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate and sales of interests in property partnerships released from escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash recorded upon consolidation | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption/repurchase of unsecured senior notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption/repurchase of unsecured exchangeable senior notes | 0 | 0 | 0 | -507,434,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on capital lease obligation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from preferred stock issuance | 0 | -297,000 | -451,000 | 194,371,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of interests in property partnerships and contributions from noncontrolling interests in property partnerships | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate and related intangibles recorded upon consolidation | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt recorded upon consolidation | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
working capital recorded upon consolidation | 79,468,000 | 6,567,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests recorded upon consolidation | 0 | -2,627,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint venture eliminated upon consolidation | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage note payable extinguished through foreclosure | 0 | 0 | 25,000,000 | 0 | 0 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate transferred upon foreclosure | 0 | 0 | 0 | 7,508,000 | 0 | 0 | 8,198,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land improvements contributed by noncontrolling interest in property partnership | 0 | 0 | 0 | 4,546,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock in connection with the exchange of exchangeable senior notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of redeemable preferred units to common units | 0 | 1,737,000 | 0 | 4,115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of accreted debt discount on repurchases of unsecured exchangeable senior notes | 0 | 0 | -92,979,000 | 0 | 0 | 0 | 0 | -68,760,000 | -4,325,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of unsecured exchangeable senior notes | -654,521,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on real estate financing transaction | -841,000 | -887,000 | -636,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversions of redeemable preferred units to common units | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from atm stock issuances | -159,000 | 0 | 137,856,000 | 109,330,000 | 0 | 44,320,000 | 49,348,000 | 345,369,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage note payable assumed in connection with the acquisition of real estate | 0 | 0 | 143,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest in property partnership | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred units issued in connection with the acquisition of real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate from discontinued operations | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sales of real estate | 121,495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of notes receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment/redemption of unsecured exchangeable senior notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of real estate | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from land transaction | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage loan released from (placed in) escrow | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption/repurchase/exchange of unsecured exchangeable senior notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on mortgage loan financing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
returned deposit on mortgage loan financing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of interest in property partnership and contributions from noncontrolling interests in property partnerships | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage note extinguished through foreclosure | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interest in property partnership | 368,000 | 143,000 | 5,875,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest in property partnerships | -1,735,000 | -2,350,000 | -2,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of accreted debt discount on repurchases of senior notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
suspension of development | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of note receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of equity component of unsecured exchangeable senior notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest in property partnerships | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable converted to real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage loan released from escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest in property partnership | -750,000 | -750,000 | -750,000 | -500,000 | -500,000 | -500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on real estate released from escrow | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to real estate included in accounts payable | -2,434,000 | 5,659,000 | -4,394,000 | -3,993,000 | 11,060,000 | 8,094,000 | -3,234,000 | 6,275,000 | 548,000 | 104,000 | -4,658,000 | 217,000 | 21,894,000 | 19,336,000 | 5,104,000 | -441,000 | 11,108,000 | 2,304,000 | -9,095,000 | 4,245,000 | 4,621,000 | 4,056,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
losses (gains) on investments in securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash rental revenue | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction in process | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on real estate released from (placed in) escrow | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of unsecured senior notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of unsecured exchangeable senior notes | -46,298,000 | 0 | -122,974,000 | -49,320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of note payable | 0 | 0 | 0 | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from equity transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of the year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable assumed in connection with the acquisition of real estate | 0 | 0 | 0 | 65,224,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from suspension of development | 0 | -7,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits on real estate released from escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net derivative losses | 7,172,000 | 6,318,000 | -257,000 | 3,788,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) income from unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions/additions to real estate | -118,641,000 | -127,700,000 | -105,135,000 | -91,368,000 | -110,409,000 | -234,945,000 | -139,111,000 | -91,509,000 | -418,493,000 | -92,015,000 | -116,265,000 | -505,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from redemptions of investments in securities | -139,000 | -154,000 | -112,000 | 2,554,000 | 1,000,000 | 2,054,000 | -571,000 | 1,595,000 | 1,768,000 | 3,272,000 | 3,016,000 | 6,641,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loan proceeds placed in escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the sale/financing of real estate released from escrow | 11,939,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the sales of real estate | -528,000 | 30,184,000 | 98,074,000 | 278,675,000 | 33,436,000 | 1,461,014,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance from joint venture partners | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of advance from joint venture partners | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity component of unsecured exchangeable senior notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capped call transaction costs | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable assumed in connection with acquisitions of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of op units in connection with the acquisition of real estate | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of op units in connection with an investment in an unconsolidated joint venture | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis adjustment in connection with conversions of noncontrolling interests to stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable issued in connection with the transfer of real estate | 0 | 0 | 0 | 123,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from suspension of development | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to real estate | -191,825,000 | -132,486,000 | -119,407,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage loan placed in escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of unsecured line of credit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investments in unconsolidated joint ventures | -36,093,000 | -675,000 | -3,674,000 | -345,000 | -3,141,000 | -5,434,000 | -373,590,000 | -444,836,000 | -72,167,000 | -2,475,000 | -10,582,000 | 14,984,000 | -9,717,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from suspension of development | 0 | 0 | 0 | 27,766,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of real estate and other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the sale/financing of real estate placed in escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the sales of real estate and other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from real estate financing transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from (distributions to) noncontrolling interest holders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate recorded upon consolidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable recorded upon consolidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest recorded upon consolidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net provided by (cash used) in financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis adjustment to real estate in connection with conversions of noncontrolling interests to stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from in financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | -91,234,000 | 48,479,000 | 79,526,000 | 88,461,000 | 124,218,000 | 242,542,000 | 103,623,000 | 854,307,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income available to common shareholders to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on investments in securities | 2,802,000 | 940,000 | 16,000 | 846,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests in property partnerships | 427,000 | 525,000 | 420,000 | 625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in operating partnership | -14,213,000 | 9,703,000 | 14,917,000 | 16,437,000 | 31,370,000 | 43,712,000 | 17,906,000 | 152,712,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from (distributions to) minority interest holders | -6,827,000 | -11,880,000 | -1,744,000 | -458,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of minority interest | 0 | 0 | -25,000,000 | -10,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest recorded upon consolidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversions of minority interests to stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis adjustment in connection with conversions of minority interests to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing incurred in connection with the acquisition of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings in excess of distributions from unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversions of minority interests to stockholders’ equity | 2,429,000 | 1,445,000 | 3,298,000 | 6,799,000 | 101,000 | 23,202,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis adjustment to real estate in connection with conversions of minority interests to stockholders’ equity | 5,858,000 | 3,881,000 | 7,832,000 | 15,196,000 | 261,000 | 96,408,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions (earnings) in excess of earnings (distributions) from unconsolidated joint ventures | 1,473,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the sale of real estate released from escrow | 0 | 126,321,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of earnings from unconsolidated joint ventures | 897,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in property partnerships | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from investment in unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of a change in accounting principle | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of op units | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from minority interest holders | 1,007,000 | 849,000 | 725,000 | 1,723,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to minority interest holders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis adjustment in connection with conversions of minority interests to stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in property partnership | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the sale of real estate placed in escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from a real estate financing transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the issuance of common securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable assumed in connection with the acquisitions of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis adjustment in connection with conversions of minority interests to stockholders’ equity |