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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Base rent $ 489,312 $ 494,300 $ 1,518,826 $ 1,471,591
Recoveries from tenants 92,560 91,544 267,852 266,932
Parking and other 24,638 25,509 75,576 76,849
Total rental revenue 606,510 611,353 1,862,254 1,815,372
Hotel revenue 12,354 12,619 33,919 35,107
Development and management services 6,364 5,912 18,586 16,102
Total revenue 625,228 629,884 1,914,759 1,866,581
Expenses        
Rental 228,560 219,796 665,670 655,610
Hotel 8,118 8,125 23,730 24,196
General and administrative 25,165 20,944 79,936 72,019
Transaction costs 249 254 1,187 789
Impairment loss 1,783 0 1,783 0
Depreciation and amortization 203,748 153,015 516,371 475,082
Total expenses 467,623 402,134 1,288,677 1,227,696
Operating income 157,605 227,750 626,082 638,885
Other income (expense)        
Income from unconsolidated joint ventures 1,464 2,647 5,489 20,559
Interest and other income 3,628 3,637 6,657 6,337
Gains (losses) from investments in securities 976 (1,515) 1,713 (1,146)
Interest expense (104,641) (108,727) (314,953) (326,018)
Losses from early extinguishments of debt (371) 0 (371) 0
Losses from interest rate contracts (140) 0 (140) 0
Income before gains on sales of real estate 58,521 123,792 324,477 338,617
Gains on sales of real estate 12,983 199,479 80,606 294,563
Net income 71,504 323,271 405,083 633,180
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships 17,225 (115,240) (53) (139,712)
Noncontrolling interest—redeemable preferred units 0 0 0 (6)
Noncontrolling interest—common units of the Operating Partnership (9,387) (21,302) (42,120) (50,906)
Net income attributable to the Company 79,342 186,729 362,910 442,556
Preferred dividends / distributions (2,589) (2,647) (7,796) (7,854)
Net income attributable to the Company's common shareholders / unitholders $ 76,753 $ 184,082 $ 355,114 $ 434,702
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Net income (in dollars per share / unit) $ 0.50 $ 1.20 $ 2.31 $ 2.83
Weighted average number of common shares / units outstanding 153,754 153,595 153,681 153,426
Diluted earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.50 $ 1.20 $ 2.31 $ 2.82
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 154,136 153,786 153,971 153,825
Dividends / Distributions, Per Share / Unit, Declared $ 0.65 $ 0.65 $ 1.95 $ 1.95
Boston Properties Limited Partnership        
Revenue        
Base rent $ 489,312 $ 494,300 $ 1,518,826 $ 1,471,591
Recoveries from tenants 92,560 91,544 267,852 266,932
Parking and other 24,638 25,509 75,576 76,849
Total rental revenue 606,510 611,353 1,862,254 1,815,372
Hotel revenue 12,354 12,619 33,919 35,107
Development and management services 6,364 5,912 18,586 16,102
Total revenue 625,228 629,884 1,914,759 1,866,581
Expenses        
Rental 228,560 219,796 665,670 655,610
Hotel 8,118 8,125 23,730 24,196
General and administrative 25,165 20,944 79,936 72,019
Transaction costs 249 254 1,187 789
Impairment loss 1,783 0 1,783 0
Depreciation and amortization 198,582 151,017 507,234 469,087
Total expenses 462,457 400,136 1,279,540 1,221,701
Operating income 162,771 229,748 635,219 644,880
Other income (expense)        
Income from unconsolidated joint ventures 1,464 2,647 5,489 20,559
Interest and other income 3,628 3,637 6,657 6,337
Gains (losses) from investments in securities 976 (1,515) 1,713 (1,146)
Interest expense (104,641) (108,727) (314,953) (326,018)
Losses from early extinguishments of debt (371) 0 (371) 0
Losses from interest rate contracts (140) 0 (140) 0
Income before gains on sales of real estate 63,687 125,790 333,614 344,612
Gains on sales of real estate 12,983 199,723 82,775 294,807
Net income 76,670 325,513 416,389 639,419
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships 17,225 (115,240) (53) (139,712)
Noncontrolling interest—redeemable preferred units 0 0 0 (6)
Net income attributable to the Company 93,895 210,273 416,336 499,701
Preferred dividends / distributions (2,589) (2,647) (7,796) (7,854)
Net income attributable to the Company's common shareholders / unitholders $ 91,306 $ 207,626 $ 408,540 $ 491,847
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Net income (in dollars per share / unit) $ 0.53 $ 1.21 $ 2.38 $ 2.87
Weighted average number of common shares / units outstanding 171,379 171,160 171,353 171,131
Diluted earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.53 $ 1.21 $ 2.38 $ 2.87
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 171,761 171,351 171,643 171,530
Dividends / Distributions, Per Share / Unit, Declared $ 0.65 $ 0.65 $ 1.95 $ 1.95