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Stockholders' Equity / Partners' Capital
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Stockholders' Equity / Partners' Capital
11. Stockholders’ Equity / Partners’ Capital
As of December 31, 2024, BXP had 158,174,995 shares of Common Stock outstanding.
As of December 31, 2024, BXP owned 1,762,411 general partnership units and 156,412,584 limited partnership units in BPLP.
On May 17, 2023, BXP renewed its “at the market” (“ATM”) stock offering program through which it may sell from time to time up to an aggregate of $600.0 million of its Common Stock through sales agents over a three-year period. Under the ATM stock offering program, BXP may also engage in forward sale transactions with affiliates of certain sales agents for the sale of its Common Stock on a forward basis. This program replaced BXP’s prior $600.0 million ATM stock offering program that was scheduled to expire on May 22, 2023. BXP intends to use the net proceeds from any offering for general business purposes, which may include investment opportunities and debt reduction. No shares of Common Stock have been issued under this ATM stock offering program.
During the years ended December 31, 2024 and December 31, 2023, BXP did not issue any shares of Common Stock upon the exercise of options to purchase Common Stock. As a result of the applicable exercise period ending, 103,641 options were forfeited during the year ended December 31, 2023. As of December 31, 2024, BXP does not have any outstanding options.
During the years ended December 31, 2024 and December 31, 2023, BXP issued 1,147,013 and 102,699 shares of Common Stock, respectively, in connection with the redemption of an equal number of redeemable OP Units from limited partners.
The following table presents BXP’s dividends per share and BPLP’s distributions per OP Unit and LTIP Unit paid or declared during the years ended December 31, 2024, 2023 and 2022:
Record DatePayment DateDividend (Per Share)Distribution (Per Unit)
December 31, 2024January 30, 2025$0.98 $0.98 
September 30, 2024October 31, 2024$0.98 $0.98 
June 28, 2024July 31, 2024$0.98 $0.98 
March 28, 2024April 30, 2024$0.98 $0.98 
December 29, 2023January 30, 2024$0.98 $0.98 
September 29, 2023October 31, 2023$0.98 $0.98 
June 30, 2023July 31, 2023$0.98 $0.98 
March 31, 2023April 28, 2023$0.98 $0.98 
December 30, 2022January 30, 2023$0.98 $0.98 
September 30, 2022October 31, 2022$0.98 $0.98 
June 30, 2022July 29, 2022$0.98 $0.98 
March 31, 2022April 29, 2022$0.98 $0.98 
December 31, 2021January 28, 2022$0.98 $0.98