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Consolidated Statements Of Operations - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Lease $ 680,189,000 $ 0 $ 1,359,440,000 $ 0
Base rent 0 516,439,000 0 1,035,946,000
Recoveries from tenants 0 95,259,000 0 190,377,000
Total revenue 733,741,000 664,484,000 1,459,508,000 1,325,635,000
Expenses        
Rental 257,971,000 237,790,000 515,488,000 478,119,000
General and administrative 35,071,000 28,468,000 76,833,000 64,362,000
Transaction costs 417,000 474,000 877,000 495,000
Depreciation and amortization 177,411,000 156,417,000 342,005,000 322,214,000
Total expenses 482,353,000 433,860,000 957,944,000 886,859,000
Other income (expense)        
Income from unconsolidated joint ventures 47,964,000 769,000 48,177,000 1,230,000
Gains on sales of real estate 1,686,000 18,292,000 781,000 114,689,000
Interest and other income 3,615,000 2,579,000 7,368,000 4,227,000
Gains (losses) from investments in securities 1,165,000 505,000 4,134,000 379,000
Impairment loss 0 0 (24,038,000) 0
Interest expense (102,357,000) (92,204,000) (203,366,000) (182,424,000)
Net income 203,461,000 160,565,000 334,620,000 376,877,000
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (17,482,000) (14,400,000) (36,312,000) (31,634,000)
Noncontrolling interest—common units of Boston Properties Limited Partnership (19,036,000) (14,859,000) (30,627,000) (35,311,000)
Net income attributable to the Company 166,943,000 131,306,000 267,681,000 309,932,000
Preferred dividends / distributions (2,625,000) (2,625,000) (5,250,000) (5,250,000)
Net income attributable to the Company's common shareholders / unitholders $ 164,318,000 $ 128,681,000 $ 262,431,000 $ 304,682,000
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Earnings Per Share, Basic $ 1.06 $ 0.83 $ 1.70 $ 1.97
Weighted average number of common shares / units outstanding 154,555 154,415 154,540 154,400
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) $ 1.06 $ 0.83 $ 1.69 $ 1.97
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 154,874 154,571 154,859 154,638
Boston Properties Limited Partnership        
Revenue        
Lease $ 680,189,000 $ 0 $ 1,359,440,000 $ 0
Base rent 0 516,439,000 0 1,035,946,000
Recoveries from tenants 0 95,259,000 0 190,377,000
Total revenue 733,741,000 664,484,000 1,459,508,000 1,325,635,000
Expenses        
Rental 257,971,000 237,790,000 515,488,000 478,119,000
Operating expense     5,798,000 4,855,000
General and administrative 35,071,000 28,468,000 76,833,000 64,362,000
Transaction costs 417,000 474,000 877,000 495,000
Depreciation and amortization 175,199,000 154,474,000 337,881,000 318,327,000
Total expenses 480,141,000 431,917,000 953,820,000 882,972,000
Other income (expense)        
Income from unconsolidated joint ventures 47,964,000 769,000 48,177,000 1,230,000
Gains on sales of real estate 1,835,000 18,770,000 930,000 117,677,000
Interest and other income 3,615,000 2,579,000 7,368,000 4,227,000
Gains (losses) from investments in securities 1,165,000 505,000 4,134,000 379,000
Impairment loss 0 0 (22,272,000) 0
Interest expense (102,357,000) (92,204,000) (203,366,000) (182,424,000)
Net income 205,822,000 162,986,000 340,659,000 383,752,000
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (17,482,000) (14,400,000) (36,312,000) (31,634,000)
Net income attributable to the Company 188,340,000 148,586,000 304,347,000 352,118,000
Preferred dividends / distributions (2,625,000) (2,625,000) (5,250,000) (5,250,000)
Net income attributable to the Company's common shareholders / unitholders $ 185,715,000 $ 145,961,000 $ 299,097,000 $ 346,868,000
Basic earnings per common share / unit attributable to the Company's common shareholders / unitholders        
Earnings Per Share, Basic $ 1.08 $ 0.85 $ 1.74 $ 2.02
Weighted average number of common shares / units outstanding 172,202 171,916 172,167 171,892
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) $ 1.08 $ 0.85 $ 1.73 $ 2.01
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 172,521 172,072 172,486 172,130
Parking and Other [Member]        
Revenue        
Other revenue $ 26,319,000 $ 26,904,000 $ 51,225,000 $ 53,038,000
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 26,319,000 26,904,000 51,225,000 53,038,000
Hotel [Member]        
Revenue        
Other revenue [1] 14,844,000 14,607,000 23,782,000 23,709,000
Expenses        
Operating expense 9,080,000 8,741,000 16,943,000 16,814,000
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 14,844,000 14,607,000 23,782,000 23,709,000
Expenses        
Operating expense 9,080,000 8,741,000 16,943,000 16,814,000
Development and Management Services [Member]        
Revenue        
Other revenue 9,986,000 9,305,000 19,263,000 17,710,000
Expenses        
Operating expense 2,403,000 1,970,000 5,798,000 4,855,000
Development and Management Services [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 9,986,000 9,305,000 19,263,000 17,710,000
Expenses        
Operating expense 2,403,000 1,970,000    
Direct reimbursements of payroll and related costs from management services contracts        
Revenue        
Other revenue 2,403,000 1,970,000 5,798,000 4,855,000
Expenses        
Rental 253,849,000 234,877,000 507,592,000 472,934,000
Direct reimbursements of payroll and related costs from management services contracts | Boston Properties Limited Partnership        
Revenue        
Other revenue $ 2,403,000 $ 1,970,000 $ 5,798,000 $ 4,855,000
[1]
Rental Revenue is equal to Total Revenue per the Company’s Consolidated Statements of Operations, less Development and Management Services Revenue and Direct Reimbursements of Payroll and Related Costs from Management Services Contracts Revenue per the Consolidated Statements of Operations.