BXP, Inc.

BXP 10-Q · Q2 2025

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Operating Lease Lease Income 805,935 790,555 +1.9%
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Boston Properties Limited Partnership 805,935 790,555 +1.9%
Revenue From Contract With Customer Including Assessed Tax (Q) — — —
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Hotel 14,773 14,812 -0.3%
Hotel · Boston [Member] 14,773 14,812 -0.3%
Hotel · Boston Properties Limited Partnership 14,773 14,812 -0.3%
Management Service 8,846 6,352 +39.3%
Management Service · Boston Properties Limited Partnership 8,846 6,352 +39.3%
Management Service · Boston Properties Limited Partnership 8,846 6,352 +39.3%
Management Service · Material Reconciling Items 8,846 6,352 +39.3%
Parking and Other [Member] 34,799 34,615 +0.5%
Parking and Other [Member] · Boston Properties Limited Partnership 34,799 34,615 +0.5%
Real Estate Other 4,104 4,148 -1.1%
Real Estate Other · Boston Properties Limited Partnership 4,104 4,148 -1.1%
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Boston Properties Limited Partnership · Material Reconciling Items 4,104 4,148 -1.1%
Show Consolidation Items breakouts
Material Reconciling Items 4,104 4,148 -1.1%
Revenue 868,457 850,482 +2.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 868,457 850,482 +2.1%
Unconsolidated Joint Ventures [Member] 125,432 120,152 +4.4%
Direct Costs Of Leased And Rented Property Or Equipment 332,062 321,426 +3.3%
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Boston Properties Limited Partnership 332,062 321,426 +3.3%
Cost of Revenue (Q) — — —
Show Product Lines breakouts
Hotel 9,365 9,839 -4.8%
Hotel · Boston [Member] 9,365 9,839 -4.8%
Hotel · Boston Properties Limited Partnership 9,365 9,839 -4.8%
Real Estate Other 4,104 4,148 -1.1%
Real Estate Other · Boston Properties Limited Partnership 4,104 4,148 -1.1%
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Boston Properties Limited Partnership · Material Reconciling Items -4,104 -4,148 +1.1%
Show Consolidation Items breakouts
Material Reconciling Items -4,104 -4,148 +1.1%
General & Administrative 42,516 44,109 -3.6%
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Boston Properties Limited Partnership 42,516 44,109 -3.6%
Boston Properties Limited Partnership · Material Reconciling Items -42,516 -44,109 +3.6%
Show Consolidation Items breakouts
Material Reconciling Items -42,516 -44,109 +3.6%
Other Cost And Expense Operating 357 189 +88.9%
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Boston Properties Limited Partnership 357 189 +88.9%
Boston Properties Limited Partnership · Material Reconciling Items -357 -189 -88.9%
Unconsolidated Joint Ventures [Member] 1 5 -80.0%
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Material Reconciling Items -357 -189 -88.9%
Depreciation And Amortization 223,819 219,542 +1.9%
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Boston Properties Limited Partnership 222,116 217,839 +2.0%
Boston Properties Limited Partnership · Material Reconciling Items -222,116 -217,839 -2.0%
Unconsolidated Joint Ventures [Member] 44,152 38,396 +15.0%
Unconsolidated Joint Ventures [Member] · Basis Differential -3 3 -200.0%
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Material Reconciling Items -223,819 -219,542 -1.9%
Total Costs & Expenses 612,223 599,253 +2.2%
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Boston Properties Limited Partnership 610,520 597,550 +2.2%
Unconsolidated Joint Ventures [Member] 99,343 84,854 +17.1%
Income Loss From Equity Method Investments -3,324 -5,799 +42.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership -3,324 -5,799 +42.7%
Boston Properties Limited Partnership · Material Reconciling Items 3,324 5,799 -42.7%
Unconsolidated Joint Ventures [Member] -3,324 -5,799 +42.7%
Show Consolidation Items breakouts
Material Reconciling Items 3,324 5,799 -42.7%
Gain Loss On Disposition Of Assets 18,390 — —
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Boston Properties Limited Partnership 18,489 — —
Boston Properties Limited Partnership · 17 Hartwell Avenue 18.5 — —
Boston Properties Limited Partnership · Material Reconciling Items 18,489 — —
Show Consolidation Items breakouts
Material Reconciling Items 18,390 — —
Show Real Estate And Accumulated Depreciation Description Of Property breakouts
17 Hartwell Avenue 18.4 — —
Interest And Other Income 8,063 10,788 -25.3%
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Boston Properties Limited Partnership 8,063 10,788 -25.3%
Boston Properties Limited Partnership · Material Reconciling Items 8,063 10,788 -25.3%
Show Consolidation Items breakouts
Material Reconciling Items 8,063 10,788 -25.3%
Gain Loss On Investments 2,600 315 +725.4%
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Boston Properties Limited Partnership 2,600 315 +725.4%
Boston Properties Limited Partnership · Material Reconciling Items 2,600 315 +725.4%
Show Consolidation Items breakouts
Material Reconciling Items 2,600 315 +725.4%
Show Deferred Compensation Arrangement With Individual Excluding Share Based Payments And Postretirement Benefits By Type Of Deferred Compensation breakouts
Deferred Compensation Excluding Share Based Payments And Retirement Benefits 2.6 0.3 +766.7%
Unrealized Gain Loss On Investments -39 58 -167.2%
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Boston Properties Limited Partnership -39 58 -167.2%
Boston Properties Limited Partnership · Material Reconciling Items -39 58 -167.2%
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Material Reconciling Items -39 58 -167.2%
Interest Expense -162,783 -149,642 -8.8%
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Boston Properties Limited Partnership -162,783 -149,642 -8.8%
Boston Properties Limited Partnership · Material Reconciling Items 162,783 149,642 +8.8%
Unconsolidated Joint Ventures [Member] -45,103 -43,299 -4.2%
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Material Reconciling Items 162,783 149,642 +8.8%
Net Income 119,141 106,949 +11.4%
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Boston Properties Limited Partnership 120,943 108,652 +11.3%
Boston Properties Limited Partnership · Material Reconciling Items 120,943 108,652 +11.3%
Unconsolidated Joint Ventures [Member] -23,918 -7,153 -234.4%
Show Consolidation Items breakouts
Material Reconciling Items 119,141 106,949 +11.4%
Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable -20,100 -17,825 -12.8%
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Boston Properties Limited Partnership -20,100 -17,825 -12.8%
Boston Properties Limited Partnership · Material Reconciling Items -20,100 -17,825 -12.8%
Show Consolidation Items breakouts
Material Reconciling Items -20,100 -17,825 -12.8%
Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable -10,064 -9,509 -5.8%
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Material Reconciling Items -10,064 -9,509 -5.8%
Net Income 88,977 79,615 +11.8%
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Boston Properties Limited Partnership 100,843 90,827 +11.0%
Earnings Per Share After Allocation Of Undistributed Earnings To Participating Securities Basic Dollars Per Share 0.56 0.51 +9.8%
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Boston Properties Limited Partnership 0.57 0.52 +9.6%
Wtd Avg Shares (Basic) 158,312 157,039 +0.8%
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Boston Properties Limited Partnership 175,871 175,408 +0.3%
EPS (Diluted) 0.56 0.51 +9.8%
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Boston Properties Limited Partnership 0.57 0.52 +9.6%
Wtd Avg Shares (Diluted) 158,795 157,291 +1.0%
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Boston Properties Limited Partnership 176,354 175,660 +0.4%
Gross Profit 514,080 508,717 +1.1%
Show Geography breakouts
Boston [Member] 200,722 184,146 +9.0%
Boston [Member] · Company's Share [Member] 194,064 181,913 +6.7%
Boston [Member] · Noncontrolling interest - property partnerships [Member] -15,728 -10,924 -44.0%
Boston [Member] · Unconsolidated Joint Ventures [Member] 9,070 8,691 +4.4%
DC 67,854 68,117 -0.4%
DC · Company's Share [Member] 74,774 74,471 +0.4%
DC · Unconsolidated Joint Ventures [Member] 6,920 6,354 +8.9%
Los Angeles [Member] 10,666 11,705 -8.9%
Los Angeles [Member] · Company's Share [Member] 17,719 18,740 -5.4%
Los Angeles [Member] · Unconsolidated Joint Ventures [Member] 7,053 7,035 +0.3%
NY 149,413 153,329 -2.6%
NY · Company's Share [Member] 115,090 120,020 -4.1%
NY · Noncontrolling interest - property partnerships [Member] -35,834 -36,467 +1.7%
NY · Unconsolidated Joint Ventures [Member] 1,511 3,158 -52.2%
San Francisco [Member] 76,299 84,190 -9.4%
San Francisco [Member] · Company's Share [Member] 80,497 88,601 -9.1%
San Francisco [Member] · Unconsolidated Joint Ventures [Member] 4,198 4,411 -4.8%
Seattle 9,126 7,230 +26.2%
Seattle · Company's Share [Member] 11,403 9,168 +24.4%
Seattle · Unconsolidated Joint Ventures [Member] 2,277 1,938 +17.5%
Show Equity Components breakouts
Noncontrolling interest - property partnerships [Member] -51,562 -47,391 -8.8%
Noncontrolling interest - property partnerships [Member] · Boston Properties Limited Partnership 51,562 47,391 +8.8%
Noncontrolling interest - property partnerships [Member] · Material Reconciling Items 51,562 47,391 +8.8%
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Unconsolidated Joint Ventures [Member] 31,029 31,587 -1.8%
Unconsolidated Joint Ventures [Member] · Material Reconciling Items 31,029 31,587 -1.8%
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Company's Share [Member] 493,547 492,913 +0.1%
Operating Expenses (Q) — — —
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Unconsolidated Joint Ventures [Member] 55,190 46,453 +18.8%
Comprehensive Income 85,297 83,080 +2.7%
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Boston Properties Limited Partnership 96,755 94,700 +2.2%
EPS (Basic) 0.56 0.51 +9.8%
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Boston Properties Limited Partnership 0.57 0.52 +9.6%
Net Income Loss Attributable To Noncontrolling Interest -30,164 -27,334 -10.4%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -5,636 936 -702.1%
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Boston Properties Limited Partnership -5,636 936 -702.1%
Net Income Loss Available To Common Stockholders Basic 88,977 79,615 +11.8%
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Boston Properties Limited Partnership 100,843 90,827 +11.0%
Boston Properties Limited Partnership · Material Reconciling Items 100,843 90,827 +11.0%
Show Consolidation Items breakouts
Material Reconciling Items 88,977 79,615 +11.8%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 446,953 685,376 -34.8%
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Boston Properties Limited Partnership 446,953 685,376 -34.8%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 319,475 378,992 -15.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 319,475 378,992 -15.7%
Sales Type Lease Net Investment In Lease After Allowance For Credit Loss Current 15,188 14,182 +7.1%
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Boston Properties Limited Partnership 15,188 14,182 +7.1%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 15,188 14,182 +7.1%
Estimate Of Fair Value Fair Value Disclosure 13,812 13,491 +2.4%
Non-Current Assets
Operating Lease Right-of-Use Assets 325,670 — —
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Boston Properties Limited Partnership 325,670 — —
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 131,751 — —
Unconsolidated Joint Ventures [Member] 18.4 — —
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Variable Interest Entity Primary Beneficiary 131,751 — —
Total Assets 25,621,190 25,474,448 +0.6%
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Boston Properties Limited Partnership 25,388,605 25,234,950 +0.6%
Unconsolidated Joint Ventures [Member] 6,564,839 6,398,461 +2.6%
Other Assets
Real Estate Investment Property At Cost 28,428,074 27,273,494 +4.2%
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Boston Properties Limited Partnership 28,061,966 26,907,229 +4.3%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 7,917,248 7,490,887 +5.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 7,917,248 7,490,887 +5.7%
Finance Lease Right Of Use Asset Before Accumulated Amortization 372,839 — —
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Boston Properties Limited Partnership 372,839 — —
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 21,000 — —
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Variable Interest Entity Primary Beneficiary 21,000 — —
Real Estate Investment Property Accumulated Depreciation -7,863,743 -7,198,566 -9.2%
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Boston Properties Limited Partnership -7,730,220 -7,071,799 -9.3%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary -1,698,752 -1,570,934 -8.1%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary -1,698,752 -1,570,934 -8.1%
Real Estate Investment Property Net 21,262,840 20,792,116 +2.3%
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Boston Properties Limited Partnership 21,030,255 20,552,618 +2.3%
Unconsolidated Joint Ventures [Member] 5,838,787 5,749,980 +1.5%
Restricted Cash And Cash Equivalents At Carrying Value 80,888 52,125 +55.2%
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Boston Properties Limited Partnership 80,888 52,125 +55.2%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 4,997 6,805 -26.6%
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Variable Interest Entity Primary Beneficiary 4,997 6,805 -26.6%
Marketable Securities 41,062 36,844 +11.4%
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Boston Properties Limited Partnership 41,062 36,844 +11.4%
Accounts Receivable Net 109,683 82,145 +33.5%
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Boston Properties Limited Partnership 109,683 82,145 +33.5%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 31,572 17,481 +80.6%
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Variable Interest Entity Primary Beneficiary 31,572 17,481 +80.6%
Notes Receivable Gross (INSTANT) — — —
Show Real Estate And Accumulated Depreciation Description Of Property breakouts
Metropolitan Square · Affiliated Entity 6.7 3.1 +116.1%
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Carrying Reported Amount Fair Value Disclosure · Nonrelated Party 6,711 3,155 +112.7%
Estimate Of Fair Value Fair Value Disclosure · Nonrelated Party 6,393 3,099 +106.3%
Notes Receivable Net 6,711 — —
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Boston Properties Limited Partnership 6,711 — —
Boston Properties Limited Partnership · Related Party 88,825 — —
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Carrying Reported Amount Fair Value Disclosure · Related Party 88,825 — —
Estimate Of Fair Value Fair Value Disclosure · Related Party 87,082 — —
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Related Party 88,825 — —
Deferred Rent Receivables Net 1,509,347 1,414,622 +6.7%
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Boston Properties Limited Partnership 1,509,347 1,414,622 +6.7%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 452,950 416,840 +8.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 452,950 416,840 +8.7%
Deferred Costs 809,033 800,099 +1.1%
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Boston Properties Limited Partnership 809,033 800,099 +1.1%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 208,365 193,650 +7.6%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 208,365 193,650 +7.6%
Prepaid Expense And Other Assets 89,624 86,188 +4.0%
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Boston Properties Limited Partnership 89,624 86,188 +4.0%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 18,569 14,753 +25.9%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 18,569 14,753 +25.9%
Show Investment Type breakouts
Environmental Focused Investment Fund 8.6 5.8 +48.3%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 1,161,036 — —
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Boston Properties Limited Partnership 1,161,036 — —
Unconsolidated Joint Ventures [Member] 1,112,904 — —
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
1265 Main Office JV LLC [Member] 3,340 — —
17 Hartwell Avenue JV LLC 6,065 — —
200 Fifth Avenue JV LLC 74,446 — —
360 PAS Holdco LLC 89,769 — —
501 K Street LLC [Member] 45,837 — —
751 Gateway Holdings LLC 119,634 — —
7750 Wisconsin Avenue LLC [Member] 48,072 — —
ABXP Worldgate Investments LLC 19,632 — —
CA-Colorado Center LLC[Member] 70,222 — —
CAB 290 Coles Holdco LLC 1,615 — —
CAB 290 Coles Venture LLC 19,625 — —
Gateway Commons Complex [Member] 271,454 — —
Hotel Tower Developer LLC [Member] 14,662 — —
Office Tower Developer LLC 55,852 — —
Platform 16 57,805 — —
Podium Developer LLC [Member] 40,492 — —
PR II BXP Reston Gateway LLC 14,900 — —
Residential Tower Developer LLC [Member] 39,498 — —
Rosecrans-Sepulveda Partners 4, LLC 27,068 — —
Safeco Plaza REIT LLC 43 — —
Three Hudson Boulevard [Member] 111,471 — —
WP Project Developer LLC [Member] 29,534 — —
Current Liabilities
Commercial Paper 750,000 500,000 +50.0%
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Boston Properties Limited Partnership 750,000 500,000 +50.0%
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Commercial Paper 750 500 +50.0%
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 480,158 372,484 +28.9%
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Boston Properties Limited Partnership 480,158 372,484 +28.9%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 144,822 103,662 +39.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 144,822 103,662 +39.7%
Dividends Payable Current And Noncurrent 172,732 172,172 +0.3%
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Boston Properties Limited Partnership 172,732 172,172 +0.3%
Interest Payable Current And Noncurrent 120,975 112,107 +7.9%
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Boston Properties Limited Partnership 120,975 112,107 +7.9%
Total Liabilities 17,766,779 17,184,205 +3.4%
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Boston Properties Limited Partnership 17,766,779 17,184,205 +3.4%
Long-Term Debt (INSTANT) — — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 15,811,005 — —
Estimate Of Fair Value Fair Value Disclosure 15,037,087 — —
Other Liabilities
Secured Debt 4,278,788 4,371,478 -2.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 4,278,788 4,371,478 -2.1%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 3,284,449 3,279,606 +0.1%
Unconsolidated Joint Ventures [Member] 3,214,062 3,184,773 +0.9%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 3,284,449 3,279,606 +0.1%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 4,278,788 4,371,478 -2.1%
Estimate Of Fair Value Fair Value Disclosure 3,921,571 3,894,606 +0.7%
Senior Notes 9,800,577 — —
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Boston Properties Limited Partnership 9,800,577 — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 9,800,577 — —
Estimate Of Fair Value Fair Value Disclosure 9,385,448 — —
Line Of Credit 185,000 — —
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Boston Properties Limited Partnership 185,000 — —
Show Credit Facility breakouts
Revolving Credit Facility 185 — —
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Carrying Reported Amount Fair Value Disclosure 185,000 — —
Estimate Of Fair Value Fair Value Disclosure 182,598 — —
Other Borrowings 796,640 — —
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Boston Properties Limited Partnership 796,640 — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 796,640 — —
Estimate Of Fair Value Fair Value Disclosure 797,470 — —
Finance Lease Liability 365,897 — —
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Boston Properties Limited Partnership 365,897 — —
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 21,010 — —
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Variable Interest Entity Primary Beneficiary 21,010 — —
Operating Lease Liability 399,174 — —
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Boston Properties Limited Partnership 399,174 — —
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 163,981 — —
Unconsolidated Joint Ventures [Member] 30.5 — —
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Variable Interest Entity Primary Beneficiary 163,981 — —
Other Liabilities 416,838 398,525 +4.6%
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Boston Properties Limited Partnership 416,838 398,525 +4.6%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 93,554 95,202 -1.7%
Unconsolidated Joint Ventures [Member] 244,381 295,510 -17.3%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 93,554 95,202 -1.7%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
500 North Capitol Venture LLC [Member] 12,486 11,198 +11.5%
BNY Tower Holdings LLC [Member] 11,961 8,154 +46.7%
Square 407 Limited Partnership [Member] 23,685 12,160 +94.8%
Unconsolidated Joint Ventures [Member] 48.1 31.5 +52.7%
Redeemable Noncontrolling Interest Equity Carrying Amount 6,981 7,916 -11.8%
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Boston Properties Limited Partnership 6,981 7,916 -11.8%
Stockholders' Equity
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount (INSTANT) — — —
Show Equity Components breakouts
OP Units [Member] 1.3 1.2 +8.3%
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Boston Properties Limited Partnership 1,285,061 1,230,848 +4.4%
General And Limited Partners Capital Account (INSTANT) — — —
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Boston Properties Limited Partnership 4,340,850 5,010,460 -13.4%
Common Stock 1,584 1,571 +0.8%
Show Stock Option And Incentive Plan And Stock Repurchase Plan [Axis] breakouts
Restricted Stock 4 5.3 -24.5%
Additional Paid-In Capital 6,854,753 6,768,686 +1.3%
Retained Earnings -1,579,770 -964,518 -63.8%
Treasury Stock Common Shares 78,900 78,900 0.0%
Treasury Stock Value -2,722 -2,722 0.0%
Accumulated Other Comprehensive Income -15,059 -155 -9615.5%
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Boston Properties Limited Partnership -15,059 -155 -9615.5%
Total Stockholders' Equity 5,258,786 5,802,862 -9.4%
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Unconsolidated Joint Ventures [Member] 3,106,396 2,918,178 +6.4%
Partners Capital (INSTANT) — — —
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Boston Properties Limited Partnership 4,325,791 5,010,305 -13.7%
Partners Capital Attributable To Noncontrolling Interest (INSTANT) — — —
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Boston Properties Limited Partnership 2,003,993 1,801,676 +11.2%
Minority Interest In Operating Partnerships 584,651 677,789 -13.7%
Minority Interest In Limited Partnerships 2,003,993 1,801,676 +11.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 7,847,430 8,282,327 -5.3%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -15,059 -155 -9615.5%
Additional Paid In Capital 6,854,753 6,768,686 +1.3%
Common Stock 1,584 1,571 +0.8%
Noncontrolling Interest 584,651 677,789 -13.7%
Noncontrolling interest - property partnerships [Member] 2,003,993 1,801,676 +11.2%
Retained Earnings -1,579,770 -964,518 -63.8%
Treasury Stock Common -2,722 -2,722 0.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership 6,329,784 6,811,981 -7.1%
Total Liabilities & Equity 25,621,190 25,474,448 +0.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 25,388,605 25,234,950 +0.6%
Unconsolidated Joint Ventures [Member] 6,564,839 6,398,461 +2.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 443,926 438,258 +1.3%
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Boston Properties Limited Partnership 440,520 434,858 +1.3%
Operating Lease Right Of Use Asset Amortization Expense 289 1,785 -83.8%
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Boston Properties Limited Partnership 289 1,785 -83.8%
Amortization Of Sales Type Lease -513 -488 -5.1%
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Boston Properties Limited Partnership -513 -488 -5.1%
Stock-Based Compensation 34,860 35,187 -0.9%
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Boston Properties Limited Partnership 34,860 35,187 -0.9%
Equity Method Investment Dividends Or Distributions 25,857 21,153 +22.2%
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Boston Properties Limited Partnership 25,857 21,153 +22.2%
Gain Loss On Sale Of Investments -2,235 -2,587 +13.6%
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Boston Properties Limited Partnership -2,235 -2,587 +13.6%
Provision For Loan Lease And Other Losses -6 36 -116.7%
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Boston Properties Limited Partnership -6 36 -116.7%
Paid In Kind Interest 16,926 14,172 +19.4%
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Boston Properties Limited Partnership 16,926 14,172 +19.4%
Change in Accounts Receivable 4,336 39,743 -89.1%
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Boston Properties Limited Partnership 4,336 39,743 -89.1%
Straight Line Rent -51,222 -52,590 +2.6%
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Boston Properties Limited Partnership -51,222 -52,590 +2.6%
Change in Prepaid & Other Assets -22,275 -14,685 -51.7%
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Boston Properties Limited Partnership -22,275 -14,685 -51.7%
Operating Lease Payments 199 -997 +120.0%
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Boston Properties Limited Partnership 199 -997 +120.0%
Increase Decrease In Accounts Payable And Accrued Liabilities 12,133 -24,650 +149.2%
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Boston Properties Limited Partnership 12,133 -24,650 +149.2%
Increase Decrease In Interest Payable Net -7,116 -21,637 +67.1%
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Boston Properties Limited Partnership -7,116 -21,637 +67.1%
Increase Decrease In Other Operating Liabilities -41,586 -38,169 -9.0%
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Boston Properties Limited Partnership -41,586 -38,169 -9.0%
Lease Cost -46,861 -42,449 -10.4%
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Boston Properties Limited Partnership -46,861 -42,449 -10.4%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities 357,135 351,106 +1.7%
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Boston Properties Limited Partnership 353,630 347,706 +1.7%
Net Cash from Operations 563,181 564,659 -0.3%
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Boston Properties Limited Partnership 563,181 564,659 -0.3%
Investing Activities
Payments To Acquire Other Productive Assets -278,667 -313,602 +11.1%
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Boston Properties Limited Partnership -278,667 -313,602 +11.1%
Payments For Capital Improvements -129,031 -66,799 -93.2%
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Boston Properties Limited Partnership -129,031 -66,799 -93.2%
Payments For Tenant Improvements -139,748 -117,848 -18.6%
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Boston Properties Limited Partnership -139,748 -117,848 -18.6%
Proceeds From Sale Of Real Estate Heldforinvestment 21,840 — —
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Boston Properties Limited Partnership 21,840 — —
Payments To Acquire Equity Method Investments -84,432 -60,461 -39.6%
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Boston Properties Limited Partnership -84,432 -60,461 -39.6%
Show Range breakouts
Maximum · CAB 290 Coles Holdco LLC -65 — —
Payments To Acquire Other Investments -1,430 -625 -128.8%
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Boston Properties Limited Partnership -1,430 -625 -128.8%
Origination Of Notes Receivable From Related Parties -1,800 -1,423 -26.5%
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Boston Properties Limited Partnership -1,800 -1,423 -26.5%
Payments For Proceeds From Investments 864 1,168 -26.0%
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Boston Properties Limited Partnership 864 1,168 -26.0%
Net Cash from Investing -612,404 -553,504 -10.6%
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Boston Properties Limited Partnership -612,404 -553,504 -10.6%
Writeoffoffullydepreciatedrealestate -48,037 -57,999 +17.2%
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Boston Properties Limited Partnership -48,037 -57,999 +17.2%
Change In Real Estate Included In Accounts Payable And Accrued Expenses 64,135 -48,896 +231.2%
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Boston Properties Limited Partnership 64,135 -48,896 +231.2%
Non Cash Contributions From Noncontrolling Interests In Property Partnerships Net -2,393 60,410 -104.0%
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Boston Properties Limited Partnership -2,393 60,410 -104.0%
Capitalized Operating Lease Costs 15,096 15,098 -0.0%
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Boston Properties Limited Partnership 15,096 15,098 -0.0%
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 3,801 2,754 +38.0%
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Boston Properties Limited Partnership 3,801 2,754 +38.0%
Issuance Of Restricted Securities To Employees And Directors 43,658 43,366 +0.7%
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Boston Properties Limited Partnership 43,658 43,366 +0.7%
Financing Activities
Repayments Of Secured Debt -2,152 -2,019 -6.6%
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Boston Properties Limited Partnership -2,152 -2,019 -6.6%
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 Lines Of Credit 520,000 — —
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Boston Properties Limited Partnership 520,000 — —
Repayments Of Lines Of Credit -335,000 — —
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Boston Properties Limited Partnership -335,000 — —
Proceeds From Other Debt 700,000 — —
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Boston Properties Limited Partnership 700,000 — —
Finance Lease Principal Payments -6,735 -5,999 -12.3%
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Boston Properties Limited Partnership -6,735 -5,999 -12.3%
Repayments Of Other Debt -700,000 -500,000 -40.0%
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Boston Properties Limited Partnership -700,000 -500,000 -40.0%
Proceeds From Issuance Of Commercial Paper 3,997,365 1,859,075 +115.0%
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Boston Properties Limited Partnership 3,997,365 1,859,075 +115.0%
Repayments Of Commercial Paper -3,747,365 -1,359,075 -175.7%
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Boston Properties Limited Partnership -3,747,365 -1,359,075 -175.7%
Payments Of Financing Costs -14,478 -2,633 -449.9%
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Boston Properties Limited Partnership -14,478 -2,633 -449.9%
Proceeds From Issuance Or Sale Of Equity -938 -2,136 +56.1%
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Boston Properties Limited Partnership -938 -2,136 +56.1%
Payments Of Dividends -346,418 -344,574 -0.5%
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Boston Properties Limited Partnership -346,418 -344,574 -0.5%
Proceeds From Minority Shareholders 65,591 210,423 -68.8%
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Additional Paid In Capital -3,722 47,326 -107.9%
Boston Properties Limited Partnership -3,722 47,326 -107.9%
Noncontrolling interest - property partnerships [Member] 69,313 163,097 -57.5%
Total Capital [Member] 65,591 210,423 -68.8%
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Boston Properties Limited Partnership · Cash 65,591 208,599 -68.6%
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Cash 65,591 208,599 -68.6%
Payments To Minority Shareholders -38,002 -37,459 -1.4%
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Noncontrolling interest - property partnerships [Member] -38,002 -37,459 -1.4%
Total Capital [Member] -38,002 -37,459 -1.4%
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Boston Properties Limited Partnership -38,002 -37,459 -1.4%
Net Cash from Financing -758,132 -886,221 +14.5%
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Boston Properties Limited Partnership -758,132 -886,221 +14.5%
Supplemental
Interest Paid 342,936 342,409 +0.2%
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Boston Properties Limited Partnership 342,936 342,409 +0.2%
Interest Costs Capitalized 22,465 19,717 +13.9%
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Boston Properties Limited Partnership 22,465 19,717 +13.9%
Other Cash Flow
Net Change in Cash -807,355 -875,066 +7.7%
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Boston Properties Limited Partnership -807,355 -875,066 +7.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 527,841 737,501 -28.4%
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Boston Properties Limited Partnership 527,841 737,501 -28.4%

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

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

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