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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue      
Lease $ 2,758,014    
Base rent   $ 2,103,723 $ 2,049,368
Recoveries from tenants   402,066 367,500
Total revenue 2,960,562 2,717,076 2,602,076
Expenses      
Rental 1,050,010 979,151 929,977
Transaction costs 1,984 1,604 668
General and administrative 140,777 121,722 113,715
Depreciation and amortization 677,764 645,649 617,547
Total expenses 1,914,925 1,791,579 1,693,966
Other income (expense)      
Income from unconsolidated joint ventures 46,592 2,222 11,232
Gains on sales of real estate 709 182,356 7,663
Interest and other income 18,939 10,823 5,783
Gains (losses) from investments in securities 6,417 (1,865) 3,678
Impairment losses (24,038) (11,812) 0
Interest expense (412,717) (378,168) (374,481)
(Losses) gains from early extinguishments of debt (29,540) (16,490) 496
Net income 651,999 712,563 562,481
Net income attributable to noncontrolling interests      
Noncontrolling interests in property partnerships (71,120) (62,909) (47,832)
Noncontrolling interest - common units of the Operating Partnership (59,345) (66,807) (52,210)
Net income attributable to the Company 521,534 582,847 462,439
Preferred dividends / distributions (10,500) (10,500) (10,500)
Net income attributable to the Company's common shareholders / unitholders $ 511,034 $ 572,347 $ 451,939
Basic earnings per common share / unit attributable to the Company      
Net income (in dollars per share / unit) $ 3.31 $ 3.71 $ 2.93
Weighted average number of common shares / units outstanding (in shares / units) 154,582 154,427 154,190
Diluted earnings per common share / unit attributable to the Company      
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 3.30 $ 3.70 $ 2.93
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 154,883 154,682 154,390
Boston Properties Limited Partnership      
Revenue      
Lease $ 2,758,014    
Base rent   $ 2,103,723 $ 2,049,368
Recoveries from tenants   402,066 367,500
Total revenue 2,960,562 2,717,076 2,602,076
Expenses      
Rental 1,050,010 979,151 929,977
Transaction costs 1,984 1,604 668
General and administrative 140,777 121,722 113,715
Depreciation and amortization 669,956 637,891  
Total expenses 1,907,117 1,783,821 1,685,826
Other income (expense)      
Income from unconsolidated joint ventures 46,592 2,222 11,232
Gains on sales of real estate 858 190,716 8,240
Interest and other income 18,939 10,823 5,783
Gains (losses) from investments in securities 6,417 (1,865) 3,678
Impairment losses (22,272) (10,181) 0
Interest expense (412,717) (378,168) (374,481)
(Losses) gains from early extinguishments of debt (29,540) (16,490) 496
Net income 661,722 730,312 571,198
Net income attributable to noncontrolling interests      
Noncontrolling interests in property partnerships (71,120) (62,909) (47,832)
Net income attributable to the Company 590,602 667,403 523,366
Preferred dividends / distributions (10,500) (10,500) (10,500)
Net income attributable to the Company's common shareholders / unitholders $ 580,102 $ 656,903 $ 512,866
Basic earnings per common share / unit attributable to the Company      
Net income (in dollars per share / unit) $ 3.37 $ 3.82 $ 2.99
Weighted average number of common shares / units outstanding (in shares / units) 172,200 171,912 171,661
Diluted earnings per common share / unit attributable to the Company      
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 3.36 $ 3.81 $ 2.98
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 172,501 172,167 171,861
Parking and Other [Member]      
Revenue      
Other revenue $ 103,534 $ 107,421 $ 105,000
Parking and Other [Member] | Boston Properties Limited Partnership      
Revenue      
Other revenue 103,534 107,421 105,000
Hotel [Member]      
Revenue      
Other revenue [1] 48,589 49,118 45,603
Expenses      
Operating expense 34,004 33,863 32,059
Hotel [Member] | Boston Properties Limited Partnership      
Revenue      
Other revenue 48,589 49,118 45,603
Expenses      
Operating expense 34,004 33,863 32,059
Real Estate, Other [Member]      
Revenue      
Other revenue 10,386 9,590 0
Real Estate, Other [Member] | Boston Properties Limited Partnership      
Revenue      
Other revenue 10,386 9,590 0
Management Service [Member]      
Revenue      
Other revenue 40,039 45,158 34,605
Expenses      
Operating expense 10,386 9,590 0
Management Service [Member] | Boston Properties Limited Partnership      
Revenue      
Other revenue 40,039 45,158 34,605
Expenses      
Operating expense $ 10,386 $ 9,590 $ 0
[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.