BXP, Inc.

BXP 10-K · FY 2025

BXP FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Operating Lease Lease Income 3,236,007 3,176,805 +1.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 3,236,007 3,176,805 +1.9%
Revenue From Contract With Customer Including Assessed Tax (FY)
Show Product Lines breakouts
Hotel 49,996 51,224 -2.4%
Hotel · Boston [Member] 49,996 51,224 -2.4%
Hotel · Boston Properties Limited Partnership 49,996 51,224 -2.4%
Management Service 36,579 28,060 +30.4%
Management Service · Boston Properties Limited Partnership 36,579 28,060 +30.4%
Management Service · Boston Properties Limited Partnership 36,579 28,060 +30.4%
Management Service · Material Reconciling Items 36,579 28,060 +30.4%
Parking and Other [Member] 143,314 135,142 +6.0%
Parking and Other [Member] · Boston Properties Limited Partnership 143,314 135,142 +6.0%
Real Estate Other 16,383 16,488 -0.6%
Real Estate Other · Boston Properties Limited Partnership 16,383 16,488 -0.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership · Material Reconciling Items 16,383 16,488 -0.6%
Show Consolidation Items breakouts
Material Reconciling Items 16,383 16,488 -0.6%
Revenue 3,482,279 3,407,719 +2.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 3,482,279 3,407,719 +2.2%
Unconsolidated Joint Ventures [Member] 507,979 507,678 +0.1%
Direct Costs Of Leased And Rented Property Or Equipment 1,335,069 1,286,838 +3.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,335,069 1,286,838 +3.7%
Cost of Revenue (FY)
Show Product Lines breakouts
Hotel 35,599 35,288 +0.9%
Hotel · Boston [Member] 35,599 35,288 +0.9%
Hotel · Boston Properties Limited Partnership 35,599 35,288 +0.9%
Real Estate Other 16,383 16,488 -0.6%
Real Estate Other · Boston Properties Limited Partnership 16,383 16,488 -0.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership · Material Reconciling Items -16,383 -16,488 +0.6%
Show Consolidation Items breakouts
Material Reconciling Items -16,383 -16,488 +0.6%
General & Administrative 168,789 159,983 +5.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 168,789 159,983 +5.5%
Boston Properties Limited Partnership · Material Reconciling Items -168,789 -159,983 -5.5%
Show Consolidation Items breakouts
Material Reconciling Items -168,789 -159,983 -5.5%
Other Cost And Expense Operating 2,678 1,597 +67.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership 2,678 1,597 +67.7%
Boston Properties Limited Partnership · Material Reconciling Items -2,678 -1,597 -67.7%
Unconsolidated Joint Ventures [Member] 233 456 -48.9%
Show Consolidation Items breakouts
Material Reconciling Items -2,678 -1,597 -67.7%
Depreciation And Amortization 912,088 887,191 +2.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership 905,301 880,383 +2.8%
Boston Properties Limited Partnership · Material Reconciling Items -905,301 -880,383 -2.8%
Unconsolidated Joint Ventures [Member] 173,310 160,756 +7.8%
Unconsolidated Joint Ventures [Member] · Basis Differential -11.8 15.4 -176.6%
Show Consolidation Items breakouts
Material Reconciling Items -912,088 -887,191 -2.8%
Total Costs & Expenses 2,470,606 2,387,385 +3.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 2,463,819 2,380,577 +3.5%
Unconsolidated Joint Ventures [Member] 396,610 365,837 +8.4%
Income Loss From Equity Method Investments -103,560 -343,177 +69.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership -103,560 -343,177 +69.8%
Boston Properties Limited Partnership · Material Reconciling Items -103,560 -343,177 +69.8%
Unconsolidated Joint Ventures [Member] -103,560 -343,177 +69.8%
Show Consolidation Items breakouts
Material Reconciling Items -103,560 -343,177 +69.8%
Gain Loss On Disposition Of Assets 176,732 602 +29257.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 179,322 602 +29687.7%
Boston Properties Limited Partnership · Apartment Building 53,276
Boston Properties Limited Partnership · Apartment Building 49,584
Boston Properties Limited Partnership · Apartment Building 102,860
Boston Properties Limited Partnership · Land 18,489
Boston Properties Limited Partnership · Land 248
Boston Properties Limited Partnership · Land 124
Boston Properties Limited Partnership · Land 35,418
Boston Properties Limited Partnership · Land 10,662
Boston Properties Limited Partnership · Land 64,941
Boston Properties Limited Partnership · Land, Residential and Office 177,597
Boston Properties Limited Partnership · Material Reconciling Items 179,322 602 +29687.7%
Boston Properties Limited Partnership · Office Building 9,796
Boston Properties Limited Partnership · Office Building 9,796
Boston Properties Limited Partnership · Related to prior period sales 1.7
Boston Properties Limited Partnership · Wholly Owned Properties 179.3 0.6 +29783.3%
Unconsolidated Joint Ventures [Member] 72,818
Show Consolidation Items breakouts
Material Reconciling Items 176,732 602 +29257.5%
Show Mortgage Loans On Real Estate Description Type Of Property breakouts
Apartment Building 102,860
Apartment Building · Proto Kendall Square 53,276
Apartment Building · Signature at Reston 49,584
Land 64,842
Land · 17 Hartwell Avenue 18,390
Land · 3625 - 3635 Peterson Way 10,662
Land · Land Parcel at Broadrun 35,418
Land · Land Parcel at New Dominion Technology Park 248
Land · Plaza at Almaden 124
Land, Residential and Office 175,008
Office Building 7,306
Office Building · 140 Kendrick Street 7,306
Related to prior period sales 1.7
Show Real Estate Properties breakouts
Wholly Owned Properties 176.7 0.6 +29350.0%
Sales Type And Direct Financing Leases Profit Loss -2,490
Show Legal Entity breakouts
Boston Properties Limited Partnership -2,490
Boston Properties Limited Partnership · Material Reconciling Items -2,490
Show Consolidation Items breakouts
Material Reconciling Items -2,490
Interest And Other Income 35,784 60,199 -40.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 35,784 60,199 -40.6%
Boston Properties Limited Partnership · Material Reconciling Items 35,784 60,199 -40.6%
Show Consolidation Items breakouts
Material Reconciling Items 35,784 60,199 -40.6%
Show Real Estate And Accumulated Depreciation Description Of Property breakouts
500 North Capitol Street, NW · Notes Receivable 0.9 0.8 +12.5%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
3 Hudson Boulevard [Member] · Related Party 6.4 11.6 -44.8%
Gain Loss On Investments 5,481 4,416 +24.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 5,481 4,416 +24.1%
Boston Properties Limited Partnership · Material Reconciling Items 5,481 4,416 +24.1%
Show Consolidation Items breakouts
Material Reconciling Items 5,481 4,416 +24.1%
Other Nonoperating Gains Losses -346 546 -163.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership -346 546 -163.4%
Impairment Of Real Estate -85,803 -13,615 -530.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership -82,890 -13,615 -508.8%
Boston Properties Limited Partnership · Land -25,515
Boston Properties Limited Partnership · Land -13,913
Boston Properties Limited Partnership · Land -11,046
Boston Properties Limited Partnership · Office Building -17,461
Boston Properties Limited Partnership · Office Building -14,955
Boston Properties Limited Partnership · Wholly Owned Properties -82.9 -13.6 -509.6%
Unconsolidated Joint Ventures [Member] -745,224
Show Mortgage Loans On Real Estate Description Type Of Property breakouts
Land · Plaza at Almaden -25,515
Land · Shady Grove Parcel Three -13,913
Land · Springfield Metro Center -11,046
Office Building · 1330 Connecticut Avenue -20,358
Office Building · North First Business Park -14,971
Show Real Estate And Accumulated Depreciation Description Of Property breakouts
Gateway Commons Complex [Member] · Unconsolidated Properties -425.8
Safeco Plaza · Unconsolidated Properties -319.5
Show Real Estate Properties breakouts
Wholly Owned Properties -85.8 -13.6 -530.9%
Gains Losses On Extinguishment Of Debt -338
Show Legal Entity breakouts
Boston Properties Limited Partnership -338
Boston Properties Limited Partnership · Material Reconciling Items -338
Unconsolidated Joint Ventures [Member] -171
Show Consolidation Items breakouts
Material Reconciling Items -338
Show Credit Facility breakouts
Line Of Credit -0.3
Interest Expense -653,138 -645,117 -1.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership -653,138 -645,117 -1.2%
Boston Properties Limited Partnership · Material Reconciling Items 653,138 645,117 +1.2%
Unconsolidated Joint Ventures [Member] -172,915 -176,994 +2.3%
Show Consolidation Items breakouts
Material Reconciling Items 653,138 645,117 +1.2%
Net Income 383,995 84,188 +356.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 396,285 90,996 +335.5%
Boston Properties Limited Partnership · Material Reconciling Items 396,285 90,996 +335.5%
Unconsolidated Joint Ventures [Member] -748,474 -29,583 -2430.1%
Show Consolidation Items breakouts
Material Reconciling Items 383,995 84,188 +356.1%
Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable -75,181 -67,516 -11.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership -75,181 -67,516 -11.4%
Boston Properties Limited Partnership · Material Reconciling Items -75,181 -67,516 -11.4%
Show Consolidation Items breakouts
Material Reconciling Items -75,181 -67,516 -11.4%
Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable -32,014 -2,400 -1233.9%
Show Consolidation Items breakouts
Material Reconciling Items -32,014 -2,400 -1233.9%
Net Income 276,800 14,272 +1839.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 321,104 23,480 +1267.6%
Earnings Per Share After Allocation Of Undistributed Earnings To Participating Securities Basic Dollars Per Share 1.75 0.09 +1844.4%
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Boston Properties Limited Partnership 1.83 0.13 +1307.7%
Wtd Avg Shares (Basic) 158,330 157,468 +0.5%
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Boston Properties Limited Partnership 175,858 175,390 +0.3%
EPS (Diluted) 1.74 0.09 +1833.3%
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Boston Properties Limited Partnership 1.82 0.13 +1300.0%
Wtd Avg Shares (Diluted) 158,869 157,793 +0.7%
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Boston Properties Limited Partnership 176,397 175,715 +0.4%
Gross Profit 2,058,649 2,041,045 +0.9%
Show Geography breakouts
Boston [Member] 785,525 758,653 +3.5%
Boston [Member] · Company's Share [Member] 756,730 747,464 +1.2%
Boston [Member] · Noncontrolling interest - property partnerships [Member] -64,069 -46,487 -37.8%
Boston [Member] · Unconsolidated Joint Ventures [Member] 35,274 35,298 -0.1%
DC 275,221 270,939 +1.6%
DC · Company's Share [Member] 301,722 296,280 +1.8%
DC · Unconsolidated Joint Ventures [Member] 26,501 25,341 +4.6%
Los Angeles [Member] 48,411 47,816 +1.2%
Los Angeles [Member] · Company's Share [Member] 76,792 75,183 +2.1%
Los Angeles [Member] · Unconsolidated Joint Ventures [Member] 28,381 27,367 +3.7%
NY 601,402 604,860 -0.6%
NY · Company's Share [Member] 467,891 480,252 -2.6%
NY · Noncontrolling interest - property partnerships [Member] -140,364 -140,220 -0.1%
NY · Unconsolidated Joint Ventures [Member] 6,853 15,612 -56.1%
San Francisco [Member] 311,312 327,867 -5.0%
San Francisco [Member] · Company's Share [Member] 327,849 346,179 -5.3%
San Francisco [Member] · Unconsolidated Joint Ventures [Member] 16,537 18,312 -9.7%
Seattle 36,778 30,910 +19.0%
Seattle · Company's Share [Member] 45,801 38,698 +18.4%
Seattle · Unconsolidated Joint Ventures [Member] 9,023 7,788 +15.9%
Show Equity Components breakouts
Noncontrolling interest - property partnerships [Member] -204,433 -186,707 -9.5%
Noncontrolling interest - property partnerships [Member] · Boston Properties Limited Partnership 204,433 186,707 +9.5%
Show Legal Entity breakouts
Unconsolidated Joint Ventures [Member] 122,569 129,718 -5.5%
Unconsolidated Joint Ventures [Member] · Material Reconciling Items 122,569 129,718 -5.5%
Show Ownership breakouts
Company's Share [Member] 1,976,785 1,984,056 -0.4%
Operating Expenses (FY)
Show Legal Entity breakouts
Unconsolidated Joint Ventures [Member] 223,067 204,625 +9.0%
Comprehensive Income 265,951 33,346 +697.5%
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Boston Properties Limited Partnership 309,053 44,724 +591.0%
EPS (Basic) 1.75 0.09 +1844.4%
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Boston Properties Limited Partnership 1.83 0.13 +1307.7%
Net Income Loss Attributable To Noncontrolling Interest -107,195 -69,916 -53.3%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -19,601 9,202 -313.0%
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Boston Properties Limited Partnership -19,601 9,202 -313.0%
Net Income Loss Available To Common Stockholders Basic 276,800 14,272 +1839.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 321,104 23,480 +1267.6%
Boston Properties Limited Partnership · Material Reconciling Items 321,104 23,480 +1267.6%
Show Consolidation Items breakouts
Material Reconciling Items 276,800 14,272 +1839.5%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,478,206 1,254,882 +17.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,478,206 1,254,882 +17.8%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 255,631 373,737 -31.6%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 255,631 373,737 -31.6%
Sales Type Lease Net Investment In Lease After Allowance For Credit Loss Current 15,672 14,657 +6.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 15,672 14,657 +6.9%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 15,672 14,657 +6.9%
Estimate Of Fair Value Fair Value Disclosure 13,911 13,632 +2.0%
Non-Current Assets
Operating Lease Right-of-Use Assets 325,841 334,767 -2.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership 325,841 334,767 -2.7%
Boston Properties Limited Partnership · Land And Land Improvements 325,841
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 0 140,558 -100.0%
Unconsolidated Joint Ventures [Member] 17.9 19 -5.8%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 0 140,558 -100.0%
Show Property Plant And Equipment By Type breakouts
Land And Land Improvements 325,841
Total Assets 26,166,164 26,084,980 +0.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership 25,942,364 25,848,890 +0.4%
Unconsolidated Joint Ventures [Member] 5,458,834 6,451,294 -15.4%
Other Assets
Real Estate Investment Property At Cost 28,241,879 27,870,623 +1.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership 27,884,397 27,504,358 +1.4%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 8,005,124 7,797,430 +2.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 8,005,124 7,797,430 +2.7%
Finance Lease Right Of Use Asset Before Accumulated Amortization 372,470 372,922 -0.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 372,470 372,922 -0.1%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 21,000 21,000 0.0%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 21,000 21,000 0.0%
Real Estate Investment Property Accumulated Depreciation -8,040,311 -7,528,057 -6.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership -7,906,629 -7,397,882 -6.9%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary -1,763,988 -1,628,274 -8.3%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary -1,763,988 -1,628,274 -8.3%
Real Estate Investment Property Net 20,899,879 21,050,255 -0.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership 20,676,079 20,814,165 -0.7%
Unconsolidated Joint Ventures [Member] 4,786,058 5,748,198 -16.7%
Restricted Cash And Cash Equivalents At Carrying Value 79,060 80,314 -1.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 79,060 80,314 -1.6%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 10,319 4,979 +107.3%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 10,319 4,979 +107.3%
Marketable Securities 44,614 39,706 +12.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 44,614 39,706 +12.4%
Accounts Receivable Net 92,625 107,453 -13.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership 92,625 107,453 -13.8%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 30,989 20,435 +51.6%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 30,989 20,435 +51.6%
Notes Receivable Net (Q)
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Boston Properties Limited Partnership · Nonrelated Party 9,373 4,947 +89.5%
Boston Properties Limited Partnership · Related Party 28,346 88,779 -68.1%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure · Related Party 28,346 88,779 -68.1%
Estimate Of Fair Value Fair Value Disclosure · Related Party 28,716 89,213 -67.8%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 9,373 4,947 +89.5%
Related Party 28,346 88,779 -68.1%
Deferred Rent Receivables Net 1,538,515 1,466,220 +4.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,538,515 1,466,220 +4.9%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 470,734 435,110 +8.2%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 470,734 435,110 +8.2%
Deferred Costs 847,690 813,345 +4.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 847,690 813,345 +4.2%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 204,924 211,726 -3.2%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 204,924 211,726 -3.2%
Prepaid Expense And Other Assets 108,105 70,839 +52.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 108,105 70,839 +52.6%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 14,509 15,036 -3.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 14,509 15,036 -3.5%
Show Investment Type breakouts
Environmental Focused Investment Fund 10.9 7.1 +53.5%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 999,309 1,093,583 -8.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 999,309 1,093,583 -8.6%
Unconsolidated Joint Ventures [Member] 983,710 1,060,074 -7.2%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
1265 Main Office JV LLC [Member] 3,091 3,476 -11.1%
17 Hartwell Avenue JV LLC 10,567
200 Fifth Avenue JV LLC 74,747 70,673 +5.8%
360 PAS Holdco LLC 104,778 74,592 +40.5%
501 K Street LLC [Member] 45,724 45,903 -0.4%
7750 Wisconsin Avenue LLC [Member] 47,144 48,423 -2.6%
ABXP Worldgate Investments LLC 21,995 18,225 +20.7%
BNY Tower Holdings LLC [Member] 83,547
BP-M 3HB Venture LLC 109,451 112,771 -2.9%
CA-Colorado Center LLC[Member] 69,959 65,000 +7.6%
CAB 290 Coles Holdco LLC 30,362
CAB 290 Coles Venture LLC 19,928
Gateway Commons Complex [Member] 125,576 272,000 -53.8%
Hotel Tower Developer LLC [Member] 12,021 14,271 -15.8%
Office Venture LLC 48,924 55,810 -12.3%
Platform 16 58,561 56,265 +4.1%
Podium Venture LLC [Member] 54,742 42,310 +29.4%
PR II BXP Reston Gateway LLC 14,506 14,844 -2.3%
Residential Tower Developer LLC [Member] 33,942 42,493 -20.1%
Rosecrans-Sepulveda Partners 4, LLC 272 27,051 -99.0%
WP Project Developer LLC [Member] 29,085 29,775 -2.3%
Real Estate Heldforsale 24,770
Show Legal Entity breakouts
Boston Properties Limited Partnership 24,770
Current Liabilities
Commercial Paper 750,000 500,000 +50.0%
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Boston Properties Limited Partnership 750,000 500,000 +50.0%
Show Cash And Cash Equivalents breakouts
Commercial Paper 750
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 750,000 500,000 +50.0%
Estimate Of Fair Value Fair Value Disclosure 750,000 500,000 +50.0%
Non-Current Liabilities
Accounts Payable And Accrued Liabilities Current And Noncurrent 480,017 401,874 +19.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 480,017 401,874 +19.4%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 88,849 115,808 -23.3%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 88,849 115,808 -23.3%
Show Related Party Transactions By Related Party breakouts
Related Party 0.8 0.7 +14.3%
Dividends Payable Current And Noncurrent 123,753 172,486 -28.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership 123,753 172,486 -28.3%
Interest Payable Current And Noncurrent 125,345 128,098 -2.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 125,345 128,098 -2.1%
Total Liabilities 18,473,924 18,137,324 +1.9%
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Boston Properties Limited Partnership 18,473,924 18,137,324 +1.9%
Long-Term Debt (Q)
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 16,609,483 16,220,499 +2.4%
Estimate Of Fair Value Fair Value Disclosure 16,079,427 15,113,281 +6.4%
Show Long-Term Debt Type breakouts
Mortgages 4,298,063
Other Liabilities
Secured Debt 4,280,067 4,276,609 +0.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 4,280,067 4,276,609 +0.1%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 3,286,870 3,282,027 +0.1%
Unconsolidated Joint Ventures [Member] 2,905,065 3,206,723 -9.4%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 3,286,870 3,282,027 +0.1%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 4,280,067 4,276,609 +0.1%
Estimate Of Fair Value Fair Value Disclosure 4,010,151 3,808,095 +5.3%
Show Long-Term Debt Type breakouts
Fixed Rate Mortgage [Member] 4.3 4.3 0.0%
Mortgages 4.3 4.3 0.0%
Senior Notes 9,806,100 10,645,077 -7.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 9,806,100 10,645,077 -7.9%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 9,806,100 10,645,077 -7.9%
Estimate Of Fair Value Fair Value Disclosure 9,554,844 10,005,606 -4.5%
Convertible Debt 976,263
Show Legal Entity breakouts
Boston Properties Limited Partnership 976,263
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 976,263
Estimate Of Fair Value Fair Value Disclosure 958,745
Other Borrowings 797,053 798,813 -0.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 797,053 798,813 -0.2%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 797,053 798,813 -0.2%
Estimate Of Fair Value Fair Value Disclosure 805,687 799,580 +0.8%
Finance Lease Liability 360,039 370,885 -2.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 360,039 370,885 -2.9%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 21,074 20,931 +0.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 21,074 20,931 +0.7%
Operating Lease Liability 389,213 392,686 -0.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 389,213 392,686 -0.9%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 0 157,691 -100.0%
Unconsolidated Joint Ventures [Member] 30.5 30.5 0.0%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 0 157,691 -100.0%
Other Liabilities 386,074 450,796 -14.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 386,074 450,796 -14.4%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 95,209 126,202 -24.6%
Unconsolidated Joint Ventures [Member] 189,125 292,125 -35.3%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 95,209 126,202 -24.6%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
500 North Capitol Venture LLC [Member] 12,655 11,696 +8.2%
BNY Tower Holdings LLC [Member] 0.4 9,889 -100.0%
Safeco Plaza REIT LLC 2,557
Unconsolidated Joint Ventures [Member] 15.6 33.5 -53.4%
Redeemable Noncontrolling Interest Equity Carrying Amount 7,538 9,535 -20.9%
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Boston Properties Limited Partnership 7,538 9,535 -20.9%
Stockholders' Equity
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount (Q)
Show Equity Components breakouts
OP Units [Member] 1.3
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,272,719 1,378,573 -7.7%
General And Limited Partners Capital Account (Q)
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Boston Properties Limited Partnership 4,230,155 4,391,985 -3.7%
Common Stock 1,585 1,582 +0.2%
Additional Paid-In Capital 6,836,243 6,836,093 0.0%
Retained Earnings -1,674,995 -1,419,575 -18.0%
Treasury Stock Common Shares 78,900 78,900 0.0%
Treasury Stock Value -2,722 -2,722 0.0%
Accumulated Other Comprehensive Income -12,921 -2,072 -523.6%
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Boston Properties Limited Partnership -12,921 -2,072 -523.6%
Total Stockholders' Equity 5,147,190 5,413,306 -4.9%
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Unconsolidated Joint Ventures [Member] 2,364,644 2,952,446 -19.9%
Partners Capital (Q)
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Boston Properties Limited Partnership 4,217,234 4,389,913 -3.9%
Partners Capital Attributable To Noncontrolling Interest (Q)
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Boston Properties Limited Partnership 1,970,949 1,933,545 +1.9%
Minority Interest In Operating Partnerships 566,563 591,270 -4.2%
Minority Interest In Limited Partnerships 1,970,949 1,933,545 +1.9%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 7,684,702 7,938,121 -3.2%
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Accumulated Other Comprehensive Income -12,921 -2,072 -523.6%
Additional Paid In Capital 6,836,243 6,836,093 0.0%
Common Stock 1,585 1,582 +0.2%
Noncontrolling Interest 566,563 591,270 -4.2%
Noncontrolling interest - property partnerships [Member] 1,970,949 1,933,545 +1.9%
Retained Earnings -1,674,995 -1,419,575 -18.0%
Treasury Stock Common -2,722 -2,722 0.0%
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Boston Properties Limited Partnership 6,188,183 6,323,458 -2.1%
Total Liabilities & Equity 26,166,164 26,084,980 +0.3%
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Boston Properties Limited Partnership 25,942,364 25,848,890 +0.4%
Unconsolidated Joint Ventures [Member] 5,458,834 6,451,294 -15.4%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 912,088 887,191 +2.8%
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Boston Properties Limited Partnership 905,301 880,383 +2.8%
Operating Lease Right Of Use Asset Amortization Expense 264 2,262 -88.3%
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Boston Properties Limited Partnership 264 2,262 -88.3%
Amortization Of Sales Type Lease -989 -992 +0.3%
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Boston Properties Limited Partnership -989 -992 +0.3%
Stock-Based Compensation 44,334 43,949 +0.9%
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Boston Properties Limited Partnership 44,334 43,949 +0.9%
Equity Method Investment Dividends Or Distributions 58,424 33,861 +72.5%
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Boston Properties Limited Partnership 58,424 33,861 +72.5%
Gain Loss On Sale Of Investments -5,481 -4,416 -24.1%
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Boston Properties Limited Partnership -5,481 -4,416 -24.1%
Provision For Loan Lease And Other Losses -1,133 78 -1552.6%
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Boston Properties Limited Partnership -1,133 78 -1552.6%
Paid In Kind Interest 32,247 37,143 -13.2%
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Boston Properties Limited Partnership 32,247 37,143 -13.2%
Nonoperating Gains Losses 346 -546 +163.4%
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Boston Properties Limited Partnership 346 -546 +163.4%
Change in Accounts Receivable 32,507 13,716 +137.0%
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Boston Properties Limited Partnership 32,507 13,716 +137.0%
Straight Line Rent -101,878 -97,609 -4.4%
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Boston Properties Limited Partnership -101,878 -97,609 -4.4%
Change in Prepaid & Other Assets -4,148 -5,384 +23.0%
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Boston Properties Limited Partnership -4,148 -5,384 +23.0%
Increase Decrease In Other Operating Capital Net -3,545 -202 -1655.0%
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Boston Properties Limited Partnership -3,545 -202 -1655.0%
Increase Decrease In Accounts Payable And Accrued Liabilities 27,161 -2,395 +1234.1%
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Boston Properties Limited Partnership 27,161 -2,395 +1234.1%
Increase Decrease In Interest Payable Net -2,743 -5,647 +51.4%
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Boston Properties Limited Partnership -2,743 -5,647 +51.4%
Increase Decrease In Other Operating Liabilities -19,133 12,826 -249.2%
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Boston Properties Limited Partnership -19,133 12,826 -249.2%
Lease Cost -122,618 -118,962 -3.1%
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Boston Properties Limited Partnership -122,618 -118,962 -3.1%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities 861,162 1,150,313 -25.1%
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Boston Properties Limited Partnership 848,872 1,143,505 -25.8%
Net Cash from Operations 1,245,157 1,234,501 +0.9%
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Boston Properties Limited Partnership 1,245,157 1,234,501 +0.9%
Investing Activities
Payments To Acquire Commercial Real Estate -55,864 -35,366 -58.0%
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Boston Properties Limited Partnership -55,864 -35,366 -58.0%
Payments To Acquire Other Productive Assets -683,750 -651,346 -5.0%
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Boston Properties Limited Partnership -683,750 -651,346 -5.0%
Payments For Capital Improvements -216,687 -189,667 -14.2%
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Boston Properties Limited Partnership -216,687 -189,667 -14.2%
Payments For Tenant Improvements -338,808 -258,312 -31.2%
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Boston Properties Limited Partnership -338,808 -258,312 -31.2%
Proceeds From Real Estate And Real Estate Joint Ventures 682,514 602 +113274.4%
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Boston Properties Limited Partnership 682,514 602 +113274.4%
Show Mortgage Loans On Real Estate Description Type Of Property breakouts
Apartment Building 403,740
Apartment Building · Proto Kendall Square 169,413
Apartment Building · Signature at Reston 234,327
Land 150,268
Land · 17 Hartwell Avenue 21,840
Land · 3625 - 3635 Peterson Way 78,908
Land · Land Parcel at Broadrun 36,613
Land · Land Parcel at New Dominion Technology Park 248
Land · Plaza at Almaden 12,659
Land, Residential and Office 682,514
Office Building 128,506
Office Building · 140 Kendrick Street 128,506
Payments To Acquire Equity Method Investments -258,752 -132,096 -95.9%
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Boston Properties Limited Partnership -258,752 -132,096 -95.9%
Show Range breakouts
Maximum · CAB 290 Coles Holdco LLC -65
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
CAB 290 Coles Holdco LLC -29.9
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 172,662 28,325 +509.6%
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Boston Properties Limited Partnership 172,662 28,325 +509.6%
Other Investing Activities -3,538 -2,500 -41.5%
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Boston Properties Limited Partnership -3,538 -2,500 -41.5%
Origination Of Notes Receivable From Related Parties -22,861 -3,258 -601.7%
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Boston Properties Limited Partnership -22,861 -3,258 -601.7%
Proceeds From Mortgage Deposits 80,000
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Boston Properties Limited Partnership 80,000
Payments For Proceeds From Investments 558 136 +310.3%
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Boston Properties Limited Partnership 558 136 +310.3%
Net Cash from Investing -644,526 -1,237,396 +47.9%
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Boston Properties Limited Partnership -644,526 -1,237,396 +47.9%
Writeoffoffullydepreciatedrealestate -155,440 -112,074 -38.7%
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Boston Properties Limited Partnership -155,440 -112,074 -38.7%
Change In Real Estate Included In Accounts Payable And Accrued Expenses 11,910 -50,891 +123.4%
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Boston Properties Limited Partnership 11,910 -50,891 +123.4%
Non Cash Contributions From Noncontrolling Interests In Property Partnerships Net -2,557 92,631 -102.8%
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Boston Properties Limited Partnership -2,557 92,631 -102.8%
Capitalized Operating Lease Costs 8,732 30,195 -71.1%
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Boston Properties Limited Partnership 8,732 30,195 -71.1%
Construction In Progress Net Deconsolidated -5,595
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Boston Properties Limited Partnership -5,595
Investment In Unconsolidated Joint Ventures Funded By Real Estate Contributed 5,595
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Boston Properties Limited Partnership 5,595
Conversions Of Noncontrolling Interests To Stockholders Equity 9,113 40,564 -77.5%
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Boston Properties Limited Partnership 9,113 40,564 -77.5%
Issuance Of Restricted Securities To Employees And Directors 75,641 43,360 +74.4%
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Boston Properties Limited Partnership 75,641 43,360 +74.4%
Financing Activities
Repayments Of Secured Debt -4,251 -4,780 +11.1%
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Boston Properties Limited Partnership -4,251 -4,780 +11.1%
Repayments Of Unsecured Debt -850,000 -700,000 -21.4%
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Boston Properties Limited Partnership -850,000 -700,000 -21.4%
Proceeds From Convertible Debt 1,000,000
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Boston Properties Limited Partnership 1,000,000
Proceeds From Lines Of Credit 865,000
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Boston Properties Limited Partnership 865,000
Repayments Of Lines Of Credit -865,000
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Boston Properties Limited Partnership -865,000
Proceeds From Other Debt 700,000
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Boston Properties Limited Partnership 700,000
Repayments Of Other Debt -700,000 -500,000 -40.0%
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Boston Properties Limited Partnership -700,000 -500,000 -40.0%
Finance Lease Principal Payments -13,662 -12,547 -8.9%
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Boston Properties Limited Partnership -13,662 -12,547 -8.9%
Proceeds From Issuance Of Commercial Paper 8,656,025 5,363,333 +61.4%
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Boston Properties Limited Partnership 8,656,025 5,363,333 +61.4%
Repayments Of Commercial Paper -8,406,025 -4,863,333 -72.8%
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Boston Properties Limited Partnership -8,406,025 -4,863,333 -72.8%
Payments Of Financing Costs -39,641 -12,235 -224.0%
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Boston Properties Limited Partnership -39,641 -12,235 -224.0%
Payments For Derivative Instrument Financing Activities -35,000
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Additional Paid In Capital -35,000
Boston Properties Limited Partnership -35,000
Total Capital [Member] -35,000
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Boston Properties Limited Partnership -35,000
Proceeds From Issuance Or Sale Of Equity -435 -1,731 +74.9%
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Boston Properties Limited Partnership -435 -1,731 +74.9%
Payments Of Dividends -643,107 -689,870 +6.8%
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Boston Properties Limited Partnership -643,107 -689,870 +6.8%
Proceeds From Noncontrolling Interest Cash Portion 84,268 374,720 -77.5%
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Boston Properties Limited Partnership 84,268 374,720 -77.5%
Payments To Minority Shareholders -83,129 -77,704 -7.0%
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Noncontrolling interest - property partnerships [Member] -83,129 -77,704 -7.0%
Total Capital [Member] -83,129 -77,704 -7.0%
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Boston Properties Limited Partnership -83,129 -77,704 -7.0%
Proceeds From Payments For Other Financing Activities -43,604
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Boston Properties Limited Partnership -43,604
Net Cash from Financing -378,561 -274,476 -37.9%
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Boston Properties Limited Partnership -378,561 -274,476 -37.9%
Supplemental
Interest Paid 677,156 676,067 +0.2%
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Boston Properties Limited Partnership 677,156 676,067 +0.2%
Interest Costs Capitalized 50,626 41,976 +20.6%
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Boston Properties Limited Partnership 50,626 41,976 +20.6%
Other Cash Flow
Net Change in Cash 222,070 -277,371 +180.1%
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Boston Properties Limited Partnership 222,070 -277,371 +180.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,557,266 1,335,196 +16.6%
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Boston Properties Limited Partnership 1,557,266 1,335,196 +16.6%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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