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Consolidated Statements Of Operations - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Lease $ 721,899,000 $ 684,025,000 $ 1,440,019,000 $ 1,369,842,000
Total revenue 773,927,000 713,807,000 1,528,234,000 1,427,502,000
Expenses        
Rental 273,848,000 248,703,000 544,103,000 506,092,000
General and administrative 34,665,000 38,405,000 77,859,000 83,364,000
Transaction costs 496,000 751,000 496,000 1,082,000
Depreciation and amortization 183,146,000 183,838,000 360,770,000 360,403,000
Total expenses 501,838,000 476,348,000 1,001,816,000 961,148,000
Other income (expense)        
Income (Loss) from Unconsolidated Joint Ventures (54,000) (1,373,000) 2,135,000 3,852,000
Gains on sales of real estate 96,247,000 7,756,000 118,948,000 7,756,000
Interest and other income (loss) 1,195,000 1,452,000 2,423,000 2,620,000
Other Income - assignment fee 6,624,000 0 6,624,000 0
Gains (losses) from investments in securities (4,716,000) 2,275,000 (6,978,000) 3,934,000
Loss from early extinguishment of debt 0 0 0 (898,000)
Interest expense (104,142,000) (106,319,000) (205,370,000) (214,221,000)
Net income 267,243,000 141,250,000 444,200,000 269,397,000
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (18,546,000) (17,164,000) (36,095,000) (33,631,000)
Noncontrolling interest - common units of the Operating Partnership (25,708,000) (12,383,000) (42,061,000) (23,422,000)
Net income attributable to the Company 222,989,000 111,703,000 366,044,000 212,344,000
Preferred dividends / distributions 0 0 0 (2,560,000)
Preferred Stock Redemption Charge 0 0 0 (6,412,000)
Net income attributable to the Company's common shareholders / unitholders $ 222,989,000 $ 111,703,000 $ 366,044,000 $ 203,372,000
Basic earnings per common share / unit attributable to the Company        
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share) $ 1.42 $ 0.72 $ 2.33 $ 1.30
Weighted average number of common shares / units outstanding (in shares / units) 156,720 156,107 156,685 156,016
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 1.42 $ 0.71 $ 2.33 $ 1.30
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 157,192 156,519 157,098 156,307
Boston Properties Limited Partnership        
Revenue        
Lease $ 721,899,000 $ 684,025,000 $ 1,440,019,000 $ 1,369,842,000
Total revenue 773,927,000 713,807,000 1,528,234,000 1,427,502,000
Expenses        
Rental 273,848,000 248,703,000 544,103,000 506,092,000
General and administrative 34,665,000 38,405,000 77,859,000 83,364,000
Transaction costs 496,000 751,000 496,000 1,082,000
Depreciation and amortization 181,416,000 182,078,000 357,302,000 355,578,000
Total expenses 500,108,000 474,588,000 998,348,000 956,323,000
Other income (expense)        
Income (Loss) from Unconsolidated Joint Ventures (54,000) (1,373,000) 2,135,000 3,852,000
Gains on sales of real estate 99,608,000 7,756,000 122,992,000 7,756,000
Interest and other income (loss) 1,195,000 1,452,000 2,423,000 2,620,000
Other Income - assignment fee 6,624,000 0 6,624,000 0
Gains (losses) from investments in securities (4,716,000) 2,275,000 (6,978,000) 3,934,000
Loss from early extinguishment of debt 0 0 0 (898,000)
Interest expense (104,142,000) (106,319,000) (205,370,000) (214,221,000)
Net income 272,334,000 143,010,000 451,712,000 274,222,000
Net income attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (18,546,000) (17,164,000) (36,095,000) (33,631,000)
Net income attributable to the Company 253,788,000 125,846,000 415,617,000 240,591,000
Preferred dividends / distributions 0 0 0 (2,560,000)
Preferred Stock Redemption Charge 0 0 0 (6,412,000)
Net income attributable to the Company's common shareholders / unitholders $ 253,788,000 $ 125,846,000 $ 415,617,000 $ 231,619,000
Basic earnings per common share / unit attributable to the Company        
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share) $ 1.45 $ 0.73 $ 2.38 $ 1.34
Weighted average number of common shares / units outstanding (in shares / units) 174,392 173,150 174,323 173,034
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 1.45 $ 0.73 $ 2.38 $ 1.34
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 174,864 173,562 174,736 173,325
Parking and Other [Member]        
Revenue        
Other revenue $ 30,346,000 $ 18,282,000 $ 52,080,000 $ 35,220,000
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 30,346,000 18,282,000 52,080,000 35,220,000
Hotel [Member]        
Revenue        
Other revenue [1] 12,089,000 1,561,000 16,646,000 2,193,000
Expenses        
Operating expense 6,444,000 1,996,000 11,284,000 4,047,000
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 12,089,000 1,561,000 16,646,000 2,193,000
Expenses        
Operating expense 6,444,000 1,996,000 11,284,000 4,047,000
Real Estate, Other [Member]        
Revenue        
Other revenue 3,239,000 2,655,000 7,304,000 6,160,000
Expenses        
Operating expense 3,239,000 2,655,000 7,304,000 6,160,000
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 3,239,000 2,655,000 7,304,000 6,160,000
Expenses        
Operating expense 3,239,000 2,655,000 7,304,000 6,160,000
Management Service [Member]        
Revenue        
Other revenue 6,354,000 7,284,000 12,185,000 14,087,000
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue $ 6,354,000 $ 7,284,000 $ 12,185,000 $ 14,087,000
[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.