BXP, Inc.

BXP 10-Q · Q3 2025

BXP Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Operating Lease Lease Income (Q) — — —
Show — breakouts
Operating Lease Lease Income 809,820 799,471 +1.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership 809,820 799,471 +1.3%
Revenue From Contract With Customer Including Assessed Tax (Q) — — —
Show Product Lines breakouts
Hotel 13,162 15,082 -12.7%
Hotel · Boston [Member] 13,162 15,082 -12.7%
Hotel · Boston Properties Limited Partnership 13,162 15,082 -12.7%
Management Service 9,317 6,770 +37.6%
Management Service · Boston Properties Limited Partnership 9,317 6,770 +37.6%
Management Service · Boston Properties Limited Partnership 9,317 6,770 +37.6%
Management Service · Material Reconciling Items 9,317 6,770 +37.6%
Parking and Other [Member] 35,390 34,255 +3.3%
Parking and Other [Member] · Boston Properties Limited Partnership 35,390 34,255 +3.3%
Real Estate Other 3,821 3,649 +4.7%
Real Estate Other · Boston Properties Limited Partnership 3,821 3,649 +4.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership · Material Reconciling Items 3,821 3,649 +4.7%
Show Consolidation Items breakouts
Material Reconciling Items 3,821 3,649 +4.7%
Revenue (Q) — — —
Show — breakouts
Revenue 871,510 859,227 +1.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 871,510 859,227 +1.4%
Unconsolidated Joint Ventures [Member] 128,190 128,435 -0.2%
Direct Costs Of Leased And Rented Property Or Equipment (Q) — — —
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Direct Costs Of Leased And Rented Property Or Equipment 331,736 327,897 +1.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 331,736 327,897 +1.2%
Cost of Revenue (Q) — — —
Show Product Lines breakouts
Hotel 9,628 9,833 -2.1%
Hotel · Boston [Member] 9,628 9,833 -2.1%
Hotel · Boston Properties Limited Partnership 9,628 9,833 -2.1%
Real Estate Other 3,821 3,649 +4.7%
Real Estate Other · Boston Properties Limited Partnership 3,821 3,649 +4.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership · Material Reconciling Items -3,821 -3,649 -4.7%
Show Consolidation Items breakouts
Material Reconciling Items -3,821 -3,649 -4.7%
General & Administrative (Q) — — —
Show — breakouts
General & Administrative 36,188 33,352 +8.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 36,188 33,352 +8.5%
Boston Properties Limited Partnership · Material Reconciling Items -36,188 -33,352 -8.5%
Show Consolidation Items breakouts
Material Reconciling Items -36,188 -33,352 -8.5%
Other Cost And Expense Operating (Q) — — —
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Other Cost And Expense Operating 1,431 188 +661.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,431 188 +661.2%
Boston Properties Limited Partnership · Material Reconciling Items -1,431 -188 -661.2%
Unconsolidated Joint Ventures [Member] 2 53 -96.2%
Show Consolidation Items breakouts
Material Reconciling Items -1,431 -188 -661.2%
Depreciation And Amortization (Q) — — —
Show — breakouts
Depreciation And Amortization 236,147 222,890 +5.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 234,444 221,186 +6.0%
Boston Properties Limited Partnership · Material Reconciling Items -234,444 -221,186 -6.0%
Unconsolidated Joint Ventures [Member] 45,409 41,082 +10.5%
Unconsolidated Joint Ventures [Member] · Basis Differential -3.1 3.9 -179.5%
Show Consolidation Items breakouts
Material Reconciling Items -236,147 -222,890 -5.9%
Total Costs & Expenses (Q) — — —
Show — breakouts
Total Costs & Expenses 618,951 597,809 +3.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 617,248 596,105 +3.5%
Unconsolidated Joint Ventures [Member] 101,989 94,415 +8.0%
Income Loss From Equity Method Investments (Q) — — —
Show — breakouts
Income Loss From Equity Method Investments -148,329 -7,011 -2015.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership -148,329 -7,011 -2015.7%
Boston Properties Limited Partnership · Material Reconciling Items 148,329 7,011 +2015.7%
Unconsolidated Joint Ventures [Member] -148,329 -7,011 -2015.7%
Show Consolidation Items breakouts
Material Reconciling Items 148,329 7,011 +2015.7%
Gain Loss On Disposition Of Assets (Q) — — —
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Gain Loss On Disposition Of Assets 1,932 517 +273.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,932 517 +273.7%
Boston Properties Limited Partnership · Material Reconciling Items 1,932 517 +273.7%
Unconsolidated Joint Ventures [Member] 4,762 — —
Unconsolidated Joint Ventures [Member] · Rosecrans-Sepulveda Partners 4, LLC 2.2 — —
Show Consolidation Items breakouts
Material Reconciling Items 1,932 517 +273.7%
Interest And Other Income (Q) — — —
Show — breakouts
Interest And Other Income 7,620 14,430 -47.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 7,620 14,430 -47.2%
Boston Properties Limited Partnership · Material Reconciling Items 7,620 14,430 -47.2%
Show Consolidation Items breakouts
Material Reconciling Items 7,620 14,430 -47.2%
Gain Loss On Investments (Q) — — —
Show — breakouts
Gain Loss On Investments 2,400 2,198 +9.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 2,400 2,198 +9.2%
Boston Properties Limited Partnership · Material Reconciling Items 2,400 2,198 +9.2%
Show Consolidation Items breakouts
Material Reconciling Items 2,400 2,198 +9.2%
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 2.4 2.2 +9.1%
Other Nonoperating Gains Losses (Q) — — —
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Other Nonoperating Gains Losses 178 94 +89.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 178 94 +89.4%
Impairment Of Real Estate (Q) — — —
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Impairment Of Real Estate -68,901 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership -65,988 — —
Boston Properties Limited Partnership · 1330 Connecticut Avenue -17,460 — —
Boston Properties Limited Partnership · North First Business Park -9,100 — —
Boston Properties Limited Partnership · Plaza at Almaden -25,515 — —
Boston Properties Limited Partnership · Shady Grove Parcel Three -13,913 — —
Boston Properties Limited Partnership · Wholly Owned Properties -66 — —
Show Real Estate And Accumulated Depreciation Description Of Property breakouts
1330 Connecticut Avenue -20,358 — —
North First Business Park -9,115 — —
Plaza at Almaden -25,515 — —
Shady Grove Parcel Three -13,913 — —
Show Real Estate Properties breakouts
Wholly Owned Properties -68.9 — —
Interest Expense (Q) — — —
Show Debt Instrument breakouts
Santa Monica Business Park and 2024 Unsecured Term Loan · Interest Rate Swap 0.5 — —
Show — breakouts
Interest Expense -164,299 -163,194 -0.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership -164,299 -163,194 -0.7%
Boston Properties Limited Partnership · Material Reconciling Items 164,299 163,194 +0.7%
Unconsolidated Joint Ventures [Member] -47,202 -45,244 -4.3%
Show Consolidation Items breakouts
Material Reconciling Items 164,299 163,194 +0.7%
Net Income (Q) — — —
Show — breakouts
Net Income -116,840 108,452 -207.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership -112,224 110,156 -201.9%
Boston Properties Limited Partnership · Material Reconciling Items -112,224 110,156 -201.9%
Unconsolidated Joint Ventures [Member] -17,642 -30,396 +42.0%
Show Consolidation Items breakouts
Material Reconciling Items -116,840 108,452 -207.7%
Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable (Q) — — —
Show — breakouts
Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable -17,853 -15,237 -17.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership -17,853 -15,237 -17.2%
Boston Properties Limited Partnership · Material Reconciling Items -17,853 -15,237 -17.2%
Show Consolidation Items breakouts
Material Reconciling Items -17,853 -15,237 -17.2%
Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable (Q) — — —
Show — breakouts
Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable 12,981 -9,587 +235.4%
Show Consolidation Items breakouts
Material Reconciling Items 12,981 -9,587 +235.4%
Net Income (Q) — — —
Show — breakouts
Net Income -121,712 83,628 -245.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership -130,077 94,919 -237.0%
Earnings Per Share After Allocation Of Undistributed Earnings To Participating Securities Basic Dollars Per Share (Q) — — —
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Earnings Per Share After Allocation Of Undistributed Earnings To Participating Securities Basic Dollars Per Share -0.77 0.53 -245.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership -0.74 0.54 -237.0%
Wtd Avg Shares (Basic) (Q) — — —
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Wtd Avg Shares (Basic) 158,345 157,725 +0.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 175,901 175,446 +0.3%
EPS (Diluted) (Q) — — —
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EPS (Diluted) -0.77 0.53 -245.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership -0.74 0.54 -237.0%
Wtd Avg Shares (Diluted) (Q) — — —
Show — breakouts
Wtd Avg Shares (Diluted) 158,345 158,213 +0.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 175,901 175,934 -0.0%
Gross Profit (Q) — — —
Show Geography breakouts
Boston [Member] 195,726 200,584 -2.4%
Boston [Member] · Company's Share [Member] 188,055 198,860 -5.4%
Boston [Member] · Noncontrolling interest - property partnerships [Member] -16,574 -10,823 -53.1%
Boston [Member] · Unconsolidated Joint Ventures [Member] 8,903 9,099 -2.2%
DC 69,111 67,537 +2.3%
DC · Company's Share [Member] 75,893 73,866 +2.7%
DC · Unconsolidated Joint Ventures [Member] 6,782 6,329 +7.2%
Los Angeles [Member] 16,122 11,317 +42.5%
Los Angeles [Member] · Company's Share [Member] 22,998 18,152 +26.7%
Los Angeles [Member] · Unconsolidated Joint Ventures [Member] 6,876 6,835 +0.6%
NY 149,261 146,876 +1.6%
NY · Company's Share [Member] 115,754 116,684 -0.8%
NY · Noncontrolling interest - property partnerships [Member] -34,930 -33,664 -3.8%
NY · Unconsolidated Joint Ventures [Member] 1,423 3,472 -59.0%
San Francisco [Member] 75,698 77,325 -2.1%
San Francisco [Member] · Company's Share [Member] 79,844 81,610 -2.2%
San Francisco [Member] · Unconsolidated Joint Ventures [Member] 4,146 4,285 -3.2%
Seattle 11,090 7,439 +49.1%
Seattle · Company's Share [Member] 13,635 9,338 +46.0%
Seattle · Unconsolidated Joint Ventures [Member] 2,545 1,899 +34.0%
Show Equity Components breakouts
Noncontrolling interest - property partnerships [Member] -51,504 -44,487 -15.8%
Noncontrolling interest - property partnerships [Member] · Boston Properties Limited Partnership 51,504 44,487 +15.8%
Noncontrolling interest - property partnerships [Member] · Material Reconciling Items 51,504 44,487 +15.8%
Show — breakouts
Gross Profit 517,008 511,078 +1.2%
Show Legal Entity breakouts
Unconsolidated Joint Ventures [Member] 30,675 31,919 -3.9%
Unconsolidated Joint Ventures [Member] · Material Reconciling Items 30,675 31,919 -3.9%
Show Ownership breakouts
Company's Share [Member] 496,179 498,510 -0.5%
Operating Expenses (Q) — — —
Show Legal Entity breakouts
Unconsolidated Joint Ventures [Member] 56,578 53,280 +6.2%
Interest Expense (Q) — — —
Show Debt Instrument breakouts
2.00% unsecured exchangeable senior notes · Convertible Debt 0.1 — —
Comprehensive Income (Q) — — —
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Comprehensive Income -121,484 57,355 -311.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership -129,824 65,589 -297.9%
EPS (Basic) (Q) — — —
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EPS (Basic) -0.77 0.53 -245.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership -0.74 0.54 -237.0%
Net Income Loss Attributable To Noncontrolling Interest (Q) — — —
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Net Income Loss Attributable To Noncontrolling Interest -4,872 -24,824 +80.4%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax (Q) — — —
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Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -1,280 -32,263 +96.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership -1,280 -32,263 +96.0%
Net Income Loss Available To Common Stockholders Basic (Q) — — —
Show — breakouts
Net Income Loss Available To Common Stockholders Basic -121,712 83,628 -245.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership -130,077 94,919 -237.0%
Boston Properties Limited Partnership · Material Reconciling Items -130,077 94,919 -237.0%
Show Consolidation Items breakouts
Material Reconciling Items -121,712 83,628 -245.5%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
Show — breakouts
Cash & Cash Equivalents 861,066 1,420,475 -39.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 861,066 1,420,475 -39.4%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 191,606 322,604 -40.6%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 191,606 322,604 -40.6%
Sales Type Lease Net Investment In Lease After Allowance For Credit Loss Current (Q) — — —
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Sales Type Lease Net Investment In Lease After Allowance For Credit Loss Current 15,430 14,429 +6.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 15,430 14,429 +6.9%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 15,430 14,429 +6.9%
Estimate Of Fair Value Fair Value Disclosure 13,863 13,563 +2.2%
Non-Current Assets
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 321,063 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 321,063 — —
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 0 — —
Unconsolidated Joint Ventures [Member] 18.1 — —
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 0 — —
Total Assets (Q) — — —
Show — breakouts
Total Assets 25,999,482 26,405,536 -1.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 25,771,513 26,167,742 -1.5%
Unconsolidated Joint Ventures [Member] 6,490,134 6,407,964 +1.3%
Other Assets
Real Estate Investment Property At Cost (Q) — — —
Show — breakouts
Real Estate Investment Property At Cost 28,609,784 27,557,824 +3.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership 28,248,312 27,191,559 +3.9%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 7,958,987 7,646,435 +4.1%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 7,958,987 7,646,435 +4.1%
Finance Lease Right Of Use Asset Before Accumulated Amortization (Q) — — —
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Finance Lease Right Of Use Asset Before Accumulated Amortization 372,747 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 372,747 — —
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 21,000 — —
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 21,000 — —
Real Estate Investment Property Accumulated Depreciation (Q) — — —
Show — breakouts
Real Estate Investment Property Accumulated Depreciation -8,008,908 -7,369,545 -8.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership -7,875,405 -7,241,074 -8.8%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary -1,721,829 -1,601,919 -7.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary -1,721,829 -1,601,919 -7.5%
Real Estate Investment Property Net (Q) — — —
Show — breakouts
Real Estate Investment Property Net 21,294,686 20,900,979 +1.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 21,066,717 20,663,185 +2.0%
Unconsolidated Joint Ventures [Member] 5,781,519 5,756,008 +0.4%
Restricted Cash And Cash Equivalents At Carrying Value (Q) — — —
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Restricted Cash And Cash Equivalents At Carrying Value 77,663 51,009 +52.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership 77,663 51,009 +52.3%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 5,003 5,032 -0.6%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 5,003 5,032 -0.6%
Marketable Securities (Q) — — —
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Marketable Securities 43,604 39,186 +11.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership 43,604 39,186 +11.3%
Accounts Receivable Net (Q) — — —
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Accounts Receivable Net 136,743 99,706 +37.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 136,743 99,706 +37.1%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 42,233 19,216 +119.8%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 42,233 19,216 +119.8%
Notes Receivable Net (Q) — — —
Show Legal Entity breakouts
Boston Properties Limited Partnership · Nonrelated Party 8,898 — —
Boston Properties Limited Partnership · Related Party 88,879 — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure · Related Party 88,879 — —
Estimate Of Fair Value Fair Value Disclosure · Related Party 87,987 — —
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 8,898 — —
Related Party 88,879 — —
Deferred Rent Receivables Net (Q) — — —
Show — breakouts
Deferred Rent Receivables Net 1,532,403 1,438,492 +6.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,532,403 1,438,492 +6.5%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 465,408 425,867 +9.3%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 465,408 425,867 +9.3%
Deferred Costs (Q) — — —
Show — breakouts
Deferred Costs 802,785 794,571 +1.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership 802,785 794,571 +1.0%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 206,016 201,947 +2.0%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 206,016 201,947 +2.0%
Prepaid Expense And Other Assets (Q) — — —
Show — breakouts
Prepaid Expense And Other Assets 137,561 132,078 +4.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 137,561 132,078 +4.2%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 51,682 50,275 +2.8%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 51,682 50,275 +2.8%
Show Investment Type breakouts
Environmental Focused Investment Fund 9.4 6.7 +40.3%
Investments In Affiliates Subsidiaries Associates And Joint Ventures (Q) — — —
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Investments In Affiliates Subsidiaries Associates And Joint Ventures 999,764 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 999,764 — —
Unconsolidated Joint Ventures [Member] 949,312 — —
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
1265 Main Office JV LLC [Member] 3,217 — —
17 Hartwell Avenue JV LLC 7,398 — —
200 Fifth Avenue JV LLC 75,376 — —
3 Hudson Boulevard [Member] 110,581 — —
360 PAS Holdco LLC 93,988 — —
501 K Street LLC [Member] 45,772 — —
751 Gateway Holdings LLC 118,509 — —
7750 Wisconsin Avenue LLC [Member] 47,363 — —
ABXP Worldgate Investments LLC 19,855 — —
CA-Colorado Center LLC[Member] 69,015 — —
CAB 290 Coles Holdco LLC 12,014 — —
CAB 290 Coles Venture LLC 19,813 — —
Gateway Commons Complex [Member] 125,090 — —
Hotel Tower Developer LLC [Member] 11,849 — —
Office Venture LLC 48,833 — —
Platform 16 58,076 — —
Podium Venture LLC [Member] 55,231 — —
PR II BXP Reston Gateway LLC 14,702 — —
Residential Tower Developer LLC [Member] 33,654 — —
Rosecrans-Sepulveda Partners 4, LLC 98 — —
Safeco Plaza REIT LLC 121 — —
WP Project Developer LLC [Member] 29,209 — —
Current Liabilities
Commercial Paper (Q) — — —
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Commercial Paper 750,000 500,000 +50.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership 750,000 500,000 +50.0%
Show Cash And Cash Equivalents breakouts
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 (Q) — — —
Show — breakouts
Accounts Payable And Accrued Liabilities Current And Noncurrent 484,798 444,288 +9.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 484,798 444,288 +9.1%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 111,058 120,092 -7.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 111,058 120,092 -7.5%
Dividends Payable Current And Noncurrent (Q) — — —
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Dividends Payable Current And Noncurrent 123,259 172,191 -28.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 123,259 172,191 -28.4%
Interest Payable Current And Noncurrent (Q) — — —
Show — breakouts
Interest Payable Current And Noncurrent 120,128 121,360 -1.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership 120,128 121,360 -1.0%
Total Liabilities (Q) — — —
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Total Liabilities 18,482,700 18,123,230 +2.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership 18,482,700 18,123,230 +2.0%
Long-Term Debt (Q) — — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 16,604,696 — —
Estimate Of Fair Value Fair Value Disclosure 16,011,829 — —
Other Liabilities
Secured Debt (Q) — — —
Show — breakouts
Secured Debt 4,279,482 4,275,155 +0.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 4,279,482 4,275,155 +0.1%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 3,285,659 3,280,817 +0.1%
Unconsolidated Joint Ventures [Member] 3,186,295 3,198,547 -0.4%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 3,285,659 3,280,817 +0.1%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 4,279,482 4,275,155 +0.1%
Estimate Of Fair Value Fair Value Disclosure 3,971,687 3,907,688 +1.6%
Senior Notes (Q) — — —
Show — breakouts
Senior Notes 9,803,336 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 9,803,336 — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 9,803,336 — —
Estimate Of Fair Value Fair Value Disclosure 9,494,698 — —
Convertible Debt (Q) — — —
Show — breakouts
Convertible Debt 975,080 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 975,080 — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 975,080 — —
Estimate Of Fair Value Fair Value Disclosure 999,132 — —
Other Borrowings (Q) — — —
Show — breakouts
Other Borrowings 796,798 798,058 -0.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 796,798 798,058 -0.2%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 796,798 798,058 -0.2%
Estimate Of Fair Value Fair Value Disclosure 796,312 800,303 -0.5%
Finance Lease Liability (Q) — — —
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Finance Lease Liability 363,207 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 363,207 — —
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 21,042 — —
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 21,042 — —
Operating Lease Liability (Q) — — —
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Operating Lease Liability 379,792 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 379,792 — —
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 0 — —
Unconsolidated Joint Ventures [Member] 30.5 — —
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 0 — —
Other Liabilities (Q) — — —
Show — breakouts
Other Liabilities 406,820 407,441 -0.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 406,820 407,441 -0.2%
Boston Properties Limited Partnership · Variable Interest Entity Primary Beneficiary 91,767 89,876 +2.1%
Unconsolidated Joint Ventures [Member] 252,689 294,795 -14.3%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 91,767 89,876 +2.1%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
500 North Capitol Venture LLC [Member] 12,435 11,630 +6.9%
BNY Tower Holdings LLC [Member] 14,326 7,065 +102.8%
Square 407 Limited Partnership [Member] 23,691 12,042 +96.7%
Unconsolidated Joint Ventures [Member] 50.5 30.7 +64.5%
Redeemable Noncontrolling Interest Equity Carrying Amount (Q) — — —
Show — breakouts
Redeemable Noncontrolling Interest Equity Carrying Amount 8,006 10,696 -25.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 8,006 10,696 -25.1%
Stockholders' Equity
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount (Q) — — —
Show Equity Components breakouts
OP Units [Member] 1.4 1.5 -6.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,400,260 1,500,501 -6.7%
General And Limited Partners Capital Account (Q) — — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 3,940,601 4,685,471 -15.9%
Common Stock (Q) — — —
Show — breakouts
Common Stock 1,584 1,580 +0.3%
Additional Paid-In Capital (Q) — — —
Show — breakouts
Additional Paid-In Capital 6,827,889 6,822,489 +0.1%
Retained Earnings (Q) — — —
Show — breakouts
Retained Earnings -1,812,361 -1,035,710 -75.0%
Treasury Stock Common Shares (Q) — — —
Show — breakouts
Treasury Stock Common Shares 78,900 78,900 0.0%
Treasury Stock Value (Q) — — —
Show — breakouts
Treasury Stock Value -2,722 -2,722 0.0%
Accumulated Other Comprehensive Income (Q) — — —
Show — breakouts
Accumulated Other Comprehensive Income -14,831 -26,428 +43.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership -14,831 -26,428 +43.9%
Total Stockholders' Equity (Q) — — —
Show — breakouts
Total Stockholders' Equity 4,999,559 5,759,209 -13.2%
Show Legal Entity breakouts
Unconsolidated Joint Ventures [Member] 3,051,150 2,914,622 +4.7%
Partners Capital (Q) — — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 3,925,770 4,659,043 -15.7%
Partners Capital Attributable To Noncontrolling Interest (Q) — — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,954,777 1,874,272 +4.3%
Minority Interest In Operating Partnerships (Q) — — —
Show — breakouts
Minority Interest In Operating Partnerships 554,440 638,129 -13.1%
Minority Interest In Limited Partnerships (Q) — — —
Show — breakouts
Minority Interest In Limited Partnerships 1,954,777 1,874,272 +4.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest (Q) — — —
Show Equity Components breakouts
Accumulated Other Comprehensive Income -14,831 -26,428 +43.9%
Additional Paid In Capital 6,827,889 6,822,489 +0.1%
Common Stock 1,584 1,580 +0.3%
Noncontrolling Interest 554,440 638,129 -13.1%
Noncontrolling interest - property partnerships [Member] 1,954,777 1,874,272 +4.3%
Retained Earnings -1,812,361 -1,035,710 -75.0%
Treasury Stock Common -2,722 -2,722 0.0%
Show — breakouts
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 7,508,776 8,271,610 -9.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 5,880,547 6,533,315 -10.0%
Total Liabilities & Equity (Q) — — —
Show — breakouts
Total Liabilities & Equity 25,999,482 26,405,536 -1.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 25,771,513 26,167,742 -1.5%
Unconsolidated Joint Ventures [Member] 6,490,134 6,407,964 +1.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation & Amortization (YTD) — — —
Show — breakouts
Depreciation & Amortization 680,073 661,148 +2.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 674,964 656,044 +2.9%
Operating Lease Right Of Use Asset Amortization Expense (YTD) — — —
Show — breakouts
Operating Lease Right Of Use Asset Amortization Expense 299 1,719 -82.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 299 1,719 -82.6%
Amortization Of Sales Type Lease (YTD) — — —
Show — breakouts
Amortization Of Sales Type Lease -749 -738 -1.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership -749 -738 -1.5%
Stock-Based Compensation (YTD) — — —
Show — breakouts
Stock-Based Compensation 39,563 39,552 0.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership 39,563 39,552 0.0%
Equity Method Investment Dividends Or Distributions (YTD) — — —
Show — breakouts
Equity Method Investment Dividends Or Distributions 45,450 27,332 +66.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership 45,450 27,332 +66.3%
Gain Loss On Sale Of Investments (YTD) — — —
Show — breakouts
Gain Loss On Sale Of Investments -4,635 -4,785 +3.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership -4,635 -4,785 +3.1%
Provision For Loan Lease And Other Losses (YTD) — — —
Show — breakouts
Provision For Loan Lease And Other Losses -23 44 -152.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership -23 44 -152.3%
Paid In Kind Interest (YTD) — — —
Show — breakouts
Paid In Kind Interest 24,049 25,575 -6.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership 24,049 25,575 -6.0%
Nonoperating Gains Losses (YTD) — — —
Show — breakouts
Nonoperating Gains Losses 344 -548 +162.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership 344 -548 +162.8%
Change in Accounts Receivable (YTD) — — —
Show — breakouts
Change in Accounts Receivable -4,851 23,932 -120.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership -4,851 23,932 -120.3%
Straight Line Rent (YTD) — — —
Show — breakouts
Straight Line Rent -82,113 -78,576 -4.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership -82,113 -78,576 -4.5%
Change in Prepaid & Other Assets (YTD) — — —
Show — breakouts
Change in Prepaid & Other Assets -71,234 -69,706 -2.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership -71,234 -69,706 -2.2%
Increase Decrease In Other Operating Capital Net (YTD) — — —
Show — breakouts
Increase Decrease In Other Operating Capital Net -341 -390 +12.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership -341 -390 +12.6%
Increase Decrease In Accounts Payable And Accrued Liabilities (YTD) — — —
Show — breakouts
Increase Decrease In Accounts Payable And Accrued Liabilities 42,806 7,596 +463.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 42,806 7,596 +463.5%
Increase Decrease In Interest Payable Net (YTD) — — —
Show — breakouts
Increase Decrease In Interest Payable Net -7,962 -12,383 +35.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership -7,962 -12,383 +35.7%
Increase Decrease In Other Operating Liabilities (YTD) — — —
Show — breakouts
Increase Decrease In Other Operating Liabilities -40,870 -35,333 -15.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership -40,870 -35,333 -15.7%
Lease Cost (YTD) — — —
Show — breakouts
Lease Cost -76,806 -61,661 -24.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership -76,806 -61,661 -24.6%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities (YTD) — — —
Show — breakouts
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities 748,199 528,750 +41.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership 740,078 523,646 +41.3%
Net Cash from Operations (YTD) — — —
Show — breakouts
Net Cash from Operations 837,405 850,755 -1.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 837,405 850,755 -1.6%
Investing Activities
Payments To Acquire Other Productive Assets (YTD) — — —
Show — breakouts
Payments To Acquire Other Productive Assets -500,537 -469,948 -6.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership -500,537 -469,948 -6.5%
Payments For Capital Improvements (YTD) — — —
Show — breakouts
Payments For Capital Improvements -171,660 -118,411 -45.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership -171,660 -118,411 -45.0%
Payments For Tenant Improvements (YTD) — — —
Show — breakouts
Payments For Tenant Improvements -243,194 -178,835 -36.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership -243,194 -178,835 -36.0%
Proceeds From Real Estate And Real Estate Joint Ventures (YTD) — — —
Show — breakouts
Proceeds From Real Estate And Real Estate Joint Ventures 21,840 517 +4124.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership 21,840 517 +4124.4%
Payments To Acquire Equity Method Investments (YTD) — — —
Show — breakouts
Payments To Acquire Equity Method Investments -118,524 -87,498 -35.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership -118,524 -87,498 -35.5%
Show Range breakouts
Maximum · CAB 290 Coles Holdco LLC -65 — —
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital (YTD) — — —
Show — breakouts
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 29,211 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 29,211 — —
Other Investing Activities (YTD) — — —
Show — breakouts
Other Investing Activities -2,060 -1,500 -37.3%
Show Legal Entity breakouts
Boston Properties Limited Partnership -2,060 -1,500 -37.3%
Origination Of Notes Receivable From Related Parties (YTD) — — —
Show — breakouts
Origination Of Notes Receivable From Related Parties -4,026 -2,223 -81.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership -4,026 -2,223 -81.1%
Payments For Proceeds From Investments (YTD) — — —
Show — breakouts
Payments For Proceeds From Investments 722 1,025 -29.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 722 1,025 -29.6%
Net Cash from Investing (YTD) — — —
Show — breakouts
Net Cash from Investing -988,228 -850,787 -16.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership -988,228 -850,787 -16.2%
Writeoffoffullydepreciatedrealestate (YTD) — — —
Show — breakouts
Writeoffoffullydepreciatedrealestate -108,867 -76,653 -42.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership -108,867 -76,653 -42.0%
Change In Real Estate Included In Accounts Payable And Accrued Expenses (YTD) — — —
Show — breakouts
Change In Real Estate Included In Accounts Payable And Accrued Expenses 40,421 -21,035 +292.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 40,421 -21,035 +292.2%
Non Cash Contributions From Noncontrolling Interests In Property Partnerships Net (YTD) — — —
Show — breakouts
Non Cash Contributions From Noncontrolling Interests In Property Partnerships Net -2,548 86,860 -102.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership -2,548 86,860 -102.9%
Capitalized Operating Lease Costs (YTD) — — —
Show — breakouts
Capitalized Operating Lease Costs 850 22,647 -96.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 850 22,647 -96.2%
Construction In Progress Net Deconsolidated (YTD) — — —
Show — breakouts
Construction In Progress Net Deconsolidated -5,595 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership -5,595 — —
Investment In Unconsolidated Joint Ventures Funded By Real Estate Contributed (YTD) — — —
Show — breakouts
Investment In Unconsolidated Joint Ventures Funded By Real Estate Contributed 5,595 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 5,595 — —
Conversions Of Noncontrolling Interests To Stockholders Equity (YTD) — — —
Show — breakouts
Conversions Of Noncontrolling Interests To Stockholders Equity 4,677 33,746 -86.1%
Show Legal Entity breakouts
Boston Properties Limited Partnership 4,677 33,746 -86.1%
Issuance Of Restricted Securities To Employees And Directors (YTD) — — —
Show — breakouts
Issuance Of Restricted Securities To Employees And Directors 43,658 43,360 +0.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership 43,658 43,360 +0.7%
Financing Activities
Repayments Of Secured Debt (YTD) — — —
Show — breakouts
Repayments Of Secured Debt -3,195 -3,461 +7.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership -3,195 -3,461 +7.7%
Repayments Of Unsecured Debt (YTD) — — —
Show — breakouts
Repayments Of Unsecured Debt -850,000 -700,000 -21.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership -850,000 -700,000 -21.4%
Proceeds From Convertible Debt (YTD) — — —
Show — breakouts
Proceeds From Convertible Debt 1,000,000 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 1,000,000 — —
Proceeds From Lines Of Credit (YTD) — — —
Show — breakouts
Proceeds From Lines Of Credit 865,000 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 865,000 — —
Repayments Of Lines Of Credit (YTD) — — —
Show — breakouts
Repayments Of Lines Of Credit -865,000 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership -865,000 — —
Proceeds From Other Debt (YTD) — — —
Show — breakouts
Proceeds From Other Debt 700,000 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership 700,000 — —
Repayments Of Other Debt (YTD) — — —
Show — breakouts
Repayments Of Other Debt -700,000 -500,000 -40.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership -700,000 -500,000 -40.0%
Finance Lease Principal Payments (YTD) — — —
Show — breakouts
Finance Lease Principal Payments -10,174 -9,250 -10.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership -10,174 -9,250 -10.0%
Proceeds From Issuance Of Commercial Paper (YTD) — — —
Show — breakouts
Proceeds From Issuance Of Commercial Paper 5,681,892 3,554,932 +59.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership 5,681,892 3,554,932 +59.8%
Repayments Of Commercial Paper (YTD) — — —
Show — breakouts
Repayments Of Commercial Paper -5,431,892 -3,054,932 -77.8%
Show Legal Entity breakouts
Boston Properties Limited Partnership -5,431,892 -3,054,932 -77.8%
Payments Of Financing Costs (YTD) — — —
Show — breakouts
Payments Of Financing Costs -37,145 -10,892 -241.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership -37,145 -10,892 -241.0%
Payments For Derivative Instrument Financing Activities (YTD) — — —
Show Equity Components breakouts
Additional Paid In Capital -35,000 — —
Boston Properties Limited Partnership -35,000 — —
Total Capital [Member] -35,000 — —
Show — breakouts
Payments For Derivative Instrument Financing Activities -35,000 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership -35,000 — —
Proceeds From Issuance Or Sale Of Equity (YTD) — — —
Show — breakouts
Proceeds From Issuance Or Sale Of Equity -433 -1,728 +74.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership -433 -1,728 +74.9%
Payments Of Dividends (YTD) — — —
Show — breakouts
Payments Of Dividends -519,720 -517,361 -0.5%
Show Legal Entity breakouts
Boston Properties Limited Partnership -519,720 -517,361 -0.5%
Proceeds From Noncontrolling Interest Cash Portion (YTD) — — —
Show — breakouts
Proceeds From Noncontrolling Interest Cash Portion 67,179 304,323 -77.9%
Show Legal Entity breakouts
Boston Properties Limited Partnership 67,179 304,323 -77.9%
Payments To Minority Shareholders (YTD) — — —
Show Equity Components breakouts
Noncontrolling interest - property partnerships [Member] -63,552 -52,353 -21.4%
Total Capital [Member] -63,552 -52,353 -21.4%
Show — breakouts
Payments To Minority Shareholders -63,552 -52,353 -21.4%
Show Legal Entity breakouts
Boston Properties Limited Partnership -63,552 -52,353 -21.4%
Proceeds From Payments For Other Financing Activities (YTD) — — —
Show — breakouts
Proceeds From Payments For Other Financing Activities -43,604 — —
Show Legal Entity breakouts
Boston Properties Limited Partnership -43,604 — —
Net Cash from Financing (YTD) — — —
Show — breakouts
Net Cash from Financing -245,644 -141,051 -74.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership -245,644 -141,051 -74.2%
Amortization of Financing Costs (YTD) — — —
Show Debt Instrument breakouts
2.00% unsecured exchangeable senior notes · Convertible Debt 28,000 — —
Supplemental
Interest Paid (YTD) — — —
Show — breakouts
Interest Paid 513,887 505,746 +1.6%
Show Legal Entity breakouts
Boston Properties Limited Partnership 513,887 505,746 +1.6%
Interest Costs Capitalized (YTD) — — —
Show — breakouts
Interest Costs Capitalized 35,956 31,342 +14.7%
Show Legal Entity breakouts
Boston Properties Limited Partnership 35,956 31,342 +14.7%
Other Cash Flow
Net Change in Cash (YTD) — — —
Show — breakouts
Net Change in Cash -396,467 -141,083 -181.0%
Show Legal Entity breakouts
Boston Properties Limited Partnership -396,467 -141,083 -181.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (Q) — — —
Show — breakouts
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 938,729 1,471,484 -36.2%
Show Legal Entity breakouts
Boston Properties Limited Partnership 938,729 1,471,484 -36.2%

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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