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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Base rent $ 513,269 $ 489,312 $ 1,537,373 $ 1,518,826
Recoveries from tenants 94,476 92,560 272,803 267,852
Parking and other 26,092 24,638 78,164 75,576
Total rental revenue 633,837 606,510 1,888,340 1,862,254
Hotel revenue 13,064 12,354 33,859 33,919
Development and management services 10,811 6,364 24,648 18,586
Total revenue 657,712 625,228 1,946,847 1,914,759
Expenses        
Rental 237,341 228,560 696,082 665,670
Hotel 8,447 8,118 23,942 23,730
General and administrative 25,792 25,165 84,319 79,936
Transaction costs 239 249 572 1,187
Impairment loss 0 1,783 0 1,783
Depreciation and amortization 152,164 203,748 463,288 516,371
Total expenses 423,983 467,623 1,268,203 1,288,677
Operating income 233,729 157,605 678,644 626,082
Other income (expense)        
Income from unconsolidated joint ventures 843 1,464 7,035 5,489
Interest and other income 1,329 3,628 3,447 6,657
Gains from investments in securities 944 976 2,716 1,713
Gains (losses) from early extinguishments of debt 0 (371) 14,354 (371)
Losses from interest rate contracts 0 (140) 0 (140)
Interest expense (92,032) (104,641) (282,709) (314,953)
Income before gains on sales of real estate 144,813 58,521 423,487 324,477
Gains on sales of real estate 2,891 12,983 6,791 80,606
Net income 147,704 71,504 430,278 405,083
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (14,340) 17,225 (33,967) (53)
Noncontrolling interest—common units of Boston Properties Limited Partnership (13,402) (9,387) (40,350) (42,120)
Net income attributable to the Company 119,962 79,342 355,961 362,910
Preferred dividends / distributions (2,625) (2,589) (7,875) (7,796)
Net income attributable to the Company's common shareholders / unitholders $ 117,337 $ 76,753 $ 348,086 $ 355,114
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Net income (in dollars per share / unit) $ 0.76 $ 0.50 $ 2.26 $ 2.31
Weighted average number of common shares / units outstanding 154,355 153,754 154,132 153,681
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) $ 0.76 $ 0.50 $ 2.26 $ 2.31
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 154,483 154,136 154,344 153,971
Dividends / Distributions, Per Share / Unit, Declared $ 0.75 $ 0.65 $ 2.25 $ 1.95
Boston Properties Limited Partnership        
Revenue        
Base rent $ 513,269 $ 489,312 $ 1,537,373 $ 1,518,826
Recoveries from tenants 94,476 92,560 272,803 267,852
Parking and other 26,092 24,638 78,164 75,576
Total rental revenue 633,837 606,510 1,888,340 1,862,254
Hotel revenue 13,064 12,354 33,859 33,919
Development and management services 10,811 6,364 24,648 18,586
Total revenue 657,712 625,228 1,946,847 1,914,759
Expenses        
Rental 237,341 228,560 696,082 665,670
Hotel 8,447 8,118 23,942 23,730
General and administrative 25,792 25,165 84,319 79,936
Transaction costs 239 249 572 1,187
Impairment loss 0 1,783 0 1,783
Depreciation and amortization 150,210 198,582 457,102 507,234
Total expenses 422,029 462,457 1,262,017 1,279,540
Operating income 235,683 162,771 684,830 635,219
Other income (expense)        
Income from unconsolidated joint ventures 843 1,464 7,035 5,489
Interest and other income 1,329 3,628 3,447 6,657
Gains from investments in securities 944 976 2,716 1,713
Gains (losses) from early extinguishments of debt 0 (371) 14,354 (371)
Losses from interest rate contracts 0 (140) 0 (140)
Interest expense (92,032) (104,641) (282,709) (314,953)
Income before gains on sales of real estate 146,767 63,687 429,673 333,614
Gains on sales of real estate 2,891 12,983 7,368 82,775
Net income 149,658 76,670 437,041 416,389
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (14,340) 17,225 (33,967) (53)
Net income attributable to the Company 135,318 93,895 403,074 416,336
Preferred dividends / distributions (2,625) (2,589) (7,875) (7,796)
Net income attributable to the Company's common shareholders / unitholders $ 132,693 $ 91,306 $ 395,199 $ 408,540
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Net income (in dollars per share / unit) $ 0.77 $ 0.53 $ 2.30 $ 2.38
Weighted average number of common shares / units outstanding 171,691 171,379 171,649 171,353
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) $ 0.77 $ 0.53 $ 2.30 $ 2.38
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 171,819 171,761 171,861 171,643
Dividends / Distributions, Per Share / Unit, Declared $ 0.75 $ 0.65 $ 2.25 $ 1.95