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Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule Of Reconciliation Of Net Operating Income To Net Income

The following tables present reconciliations of Company’s share of NOI to Net Income Attributable to BXP, Inc. and Net Income Attributable to Boston Properties Limited Partnership for the years ended December 31, 2024, 2023 and 2022.

BXP

												Year ended December 31,
																		2024						2023						2022
																		(in thousands)
Company’s share of NOI																		$	1,984,056					$	1,965,106					$	1,883,796
Add:
Development and management services revenue																		28,060						40,850						28,056
Direct reimbursements of payroll and related costs from management services contracts																		16,488						17,771						15,450
Gains on sales of real estate																		602						517						437,019
Gain on sales-type lease																		—						—						10,058
Interest and other income (loss)																		60,199						69,964						11,940
Other income - assignment fee																		—						—						6,624
Gains (losses) from investments in securities																		4,416						5,556						(6,453)
Unrealized gain (loss) on non-real estate investments																		546						239						(150)
Net operating income attributable to noncontrolling interests in property partnerships																		186,707						194,365						191,812
Less:
General and administrative expense																		159,983						170,158						146,378
Payroll and related costs from management services contracts																		16,488						17,771						15,450
Transaction costs																		1,597						4,313						2,905
Depreciation and amortization expense																		887,191						830,813						749,775
Loss from unconsolidated joint ventures																		343,177						239,543						59,840
Net operating income from unconsolidated joint ventures																		129,718						160,695						146,081
Losses from interest rate contracts																		—						79						—
Impairment loss																		13,615						—						—
Interest expense																		645,117						579,572						437,139
Net Income																		84,188						291,424						1,020,584
Less:
Noncontrolling interests in property partnerships																		67,516						78,661						74,857
Noncontrolling interest—common units of the Operating Partnership																		2,400						22,548						96,780
Net income attributable to BXP, Inc.																		$	14,272					$	190,215					$	848,947

BPLP

												Year ended December 31,
																		2024						2023						2022
																		(in thousands)
Company’s share of NOI																		$	1,984,056					$	1,965,106					$	1,883,796
Add:
Development and management services revenue																		28,060						40,850						28,056
Direct reimbursements of payroll and related costs from management services contracts																		16,488						17,771						15,450
Gains on sales of real estate																		602						517						441,075
Gain on sales-type lease																		—						—						10,058
Interest and other income (loss)																		60,199						69,964						11,940
Other income - assignment fee																		—						—						6,624
Gains (losses) from investments in securities																		4,416						5,556						(6,453)
Unrealized gain (loss) on non-real estate investments																		546						239						(150)
Net operating income attributable to noncontrolling interests in property partnerships																		186,707						194,365						191,812
Less:
General and administrative expense																		159,983						170,158						146,378
Payroll and related costs from management services contracts																		16,488						17,771						15,450
Transaction costs																		1,597						4,313						2,905
Depreciation and amortization expense																		880,383						823,805						742,293
Loss from unconsolidated joint ventures																		343,177						239,543						59,840
Net operating income from unconsolidated joint ventures																		129,718						160,695						146,081
Losses from interest rate contracts																		—						79						—
Impairment loss																		13,615						—						—
Interest expense																		645,117						579,572						437,139
Net Income																		90,996						298,432						1,032,122
Less:
Noncontrolling interests in property partnerships																		67,516						78,661						74,857
Net income attributable to Boston Properties Limited Partnership																		$	23,480					$	219,771					$	957,265

Schedule Of Segment Information By Geographic Area And Property Type

For the year ended December 31, 2024:

			Boston						Los Angeles						New York						San Francisco						Seattle						Washington, DC						Total
Rental Revenue:
Office			$	1,159,460					$	75,353					$	1,042,460					$	522,463					$	44,080					$	418,623					$	3,262,439
Residential			17,198						—						—						13,668						—						18,642						49,508
Hotel			51,224						—						—						—						—						—						51,224
Total			1,227,882						75,353						1,042,460						536,131						44,080						437,265						3,363,171
% of Grand Totals			36.51		%				2.24		%				31.00		%				15.94		%				1.31		%				13.00		%				100.00		%
Rental Expenses:
Office			427,446						27,537						437,600						199,324						13,170						158,289						1,263,366
Residential			6,495						—						—						8,940						—						8,037						23,472
Hotel			35,288						—						—						—						—						—						35,288
Total			469,229						27,537						437,600						208,264						13,170						166,326						1,322,126
% of Grand Totals			35.49		%				2.08		%				33.10		%				15.75		%				1.00		%				12.58		%				100.00		%
Net operating income			$	758,653					$	47,816					$	604,860					$	327,867					$	30,910					$	270,939					$	2,041,045
% of Grand Totals			37.18		%				2.35		%				29.63		%				16.06		%				1.51		%				13.27		%				100.00		%
Less: Net operating income attributable to noncontrolling interests in property partnerships			(46,487)						—						(140,220)						—						—						—						(186,707)
Add: Company’s share of net operating income from unconsolidated joint ventures			35,298						27,367						15,612						18,312						7,788						25,341						129,718
Company’s share of net operating income			$	747,464					$	75,183					$	480,252					$	346,179					$	38,698					$	296,280					$	1,984,056
% of Grand Totals			37.67		%				3.79		%				24.21		%				17.45		%				1.95		%				14.93		%				100.00		%

For the year ended December 31, 2023:

			Boston						Los Angeles						New York						San Francisco						Seattle						Washington, DC						Total
Rental Revenue:
Office			$	1,093,840					$	3,890					$	1,053,615					$	539,904					$	63,830					$	364,920					$	3,119,999
Residential			16,452						—						—						14,102						—						17,038						47,592
Hotel			47,357						—						—						—						—						—						47,357
Total			1,157,649						3,890						1,053,615						554,006						63,830						381,958						3,214,948
% of Grand Totals			36.01		%				0.12		%				32.77		%				17.23		%				1.99		%				11.88		%				100.00		%
Rental Expenses:
Office			393,339						1,431						415,831						194,205						12,387						143,504						1,160,697
Residential			6,378						—						—						9,255						—						7,617						23,250
Hotel			32,225						—						—						—						—						—						32,225
Total			431,942						1,431						415,831						203,460						12,387						151,121						1,216,172
% of Grand Totals			35.51		%				0.12		%				34.19		%				16.73		%				1.02		%				12.43		%				100.00		%
Net operating income			$	725,707					$	2,459					$	637,784					$	350,546					$	51,443					$	230,837					$	1,998,776
% of Grand Totals			36.31		%				0.12		%				31.91		%				17.54		%				2.57		%				11.55		%				100.00		%
Less: Net operating income attributable to noncontrolling interests in property partnerships			(45,730)						—						(148,635)						—						—						—						(194,365)
Add: Company’s share of net operating income from unconsolidated joint ventures			34,376						48,818						14,314						16,203						7,494						39,490						160,695
Company’s share of net operating income			$	714,353					$	51,277					$	503,463					$	366,749					$	58,937					$	270,327					$	1,965,106
% of Grand Totals			36.35		%				2.61		%				25.62		%				18.66		%				3.00		%				13.76		%				100.00		%

For the year ended December 31, 2022:

			Boston						Los Angeles						New York						San Francisco						Seattle						Washington, DC						Total
Rental Revenue:
Office			$	1,005,156					$	—					$	1,031,479					$	534,397					$	31,978					$	365,402					$	2,968,412
Residential			15,086						—						—						14,769						—						27,326						57,181
Hotel			39,482						—						—						—						—						—						39,482
Total			1,059,724						—						1,031,479						549,166						31,978						392,728						3,065,075
% of Grand Totals			34.58		%				—		%				33.65		%				17.92		%				1.04		%				12.81		%				100.00		%
Rental Expenses:
Office			360,218						—						391,293						183,353						8,386						135,237						1,078,487
Residential			5,961						—						—						11,371						—						12,251						29,583
Hotel			27,478						—						—						—						—						—						27,478
Total			393,657						—						391,293						194,724						8,386						147,488						1,135,548
% of Grand Totals			34.66		%				—		%				34.46		%				17.15		%				0.74		%				12.99		%				100.00		%
Net operating income			$	666,067					$	—					$	640,186					$	354,442					$	23,592					$	245,240					$	1,929,527
% of Grand Totals			34.52		%				—		%				33.18		%				18.37		%				1.22		%				12.71		%				100.00		%
Less: Net operating income attributable to noncontrolling interests in property partnerships			(45,822)						—						(145,990)						—						—						—						(191,812)
Add: Company’s share of net operating income from unconsolidated joint ventures			34,233						53,023						1,594						12,785						7,690						36,756						146,081
Company’s share of net operating income			$	654,478					$	53,023					$	495,790					$	367,227					$	31,282					$	281,996					$	1,883,796
% of Grand Totals			34.75		%				2.81		%				26.32		%				19.49		%				1.66		%				14.97		%				100.00		%

Reconciliation of Revenue to Rental Revenue

The following table presents a reconciliation of Revenue from the Consolidated Financial Statements to Rental Revenue for the years ended December 31, 2024, 2023 and 2022.

												Year ended December 31,
																		2024						2023						2022
																		(in thousands)
Revenue																		$	3,407,719					$	3,273,569					$	3,108,581
Less:
Development and management services																		28,060						40,850						28,056
Direct reimbursements of payroll and related costs from management services contracts																		16,488						17,771						15,450
Total rental revenue																		$	3,363,171					$	3,214,948					$	3,065,075

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Reconciliation of Revenue to Rental Revenue

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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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