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BXP

BXP - Boston Properties Inc Stock Price, Fair Value and News

63.20USD-0.45 (-0.71%)Market Closed

Market Summary

BXP
USD63.20-0.45
Market Closed
-0.71%

BXP Stock Price

View Fullscreen

BXP RSI Chart

BXP Valuation

Market Cap

9.9B

Price/Earnings (Trailing)

51.64

Price/Sales (Trailing)

3

Price/Free Cashflow

7.85

BXP Price/Sales (Trailing)

BXP Profitability

Return on Equity

2.32%

Return on Assets

0.75%

Free Cashflow Yield

12.74%

BXP Fundamentals

BXP Revenue

Revenue (TTM)

3.3B

Rev. Growth (Yr)

4.51%

Rev. Growth (Qtr)

1.27%

BXP Earnings

Earnings (TTM)

192.2M

Earnings Growth (Yr)

2.56%

Earnings Growth (Qtr)

-33.37%

Breaking Down BXP Revenue

Last 7 days

2.8%

Last 30 days

9.1%

Last 90 days

-6.2%

Trailing 12 Months

28.1%

How does BXP drawdown profile look like?

BXP Financial Health

BXP Investor Care

Dividend Yield

5.13%

Dividend/Share (TTM)

3.15

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

1.22

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20243.3B000
20233.2B3.2B3.2B3.3B
20222.9B3.0B3.0B3.1B
20212.7B2.8B2.8B2.9B
20203.0B2.9B2.9B2.8B
20192.8B2.9B2.9B3.0B
20182.6B2.6B2.7B2.7B
20172.5B2.6B2.6B2.6B
20162.5B2.5B2.5B2.6B
20152.4B2.5B2.5B2.5B
20142.2B2.3B2.4B2.4B
20131.9B1.9B2.0B2.1B
20121.8B1.8B1.8B1.8B
20111.6B1.6B1.7B1.8B
20101.5B1.5B1.5B1.6B
20091.5B1.5B1.5B1.5B
200801.5B1.5B1.5B
20070001.5B
Get all data in R, Python etc through our Historical Stock Data APIs
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Tracking the Latest Insider Buys and Sells of Boston Properties Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 06, 2024
ritchey raymond a
acquired
-
-
14,150
senior evp
Mar 06, 2024
ritchey raymond a
sold
-889,149
62.8374
-14,150
senior evp
Mar 04, 2024
ritchey raymond a
acquired
-
-
14,150
senior evp
Feb 29, 2024
kevorkian eric g
gifted
-
-
-100
svp, clo and secretary
Feb 02, 2024
labelle michael e
acquired
-
-
9,813
evp and cfo
Jan 15, 2024
labelle michael e
sold (taxes)
-22,876
69.96
-327
evp and cfo
Jan 15, 2024
kevorkian eric g
sold (taxes)
-6,156
69.96
-88.00
svp, clo and secretary
Jan 15, 2024
spann hilary j.
sold (taxes)
-70,030
69.96
-1,001
executive vice president
Sep 11, 2023
kevorkian eric g
sold
-66,430
66.43
-1,000
svp, clo and secretary
Sep 11, 2023
kevorkian eric g
acquired
-
-
1,000
svp, clo and secretary

1–10 of 50

Which funds bought or sold BXP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 17, 2024
Plato Investment Management Ltd
new
-
278,155
278,155
 0.03%
May 16, 2024
EJF Capital LLC
new
-
228,585
228,585
 0.16%
May 16, 2024
LBP AM SA
reduced
-68.6
-2,502,840
1,033,660
 0.04%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-97.43
-11,849,900
290,630
 -%
May 16, 2024
Redwood Investment Management, LLC
reduced
-7.44
-341,000
2,114,000
 0.20%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
1.79
-920,177
16,572,200
 0.02%
May 16, 2024
Beacon Capital Management, LLC
sold off
-100
-15,465
-
 -%
May 16, 2024
Tidal Investments LLC
new
-
290,238
290,238
 -%
May 15, 2024
Employees Retirement System of Texas
unchanged
-
-291,000
3,919,000
 0.04%
May 15, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-2.51
-1,773,880
17,385,200
 0.07%

1–10 of 39

Are Funds Buying or Selling BXP?

Are funds buying BXP calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own BXP
No. of Funds

Unveiling Boston Properties Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
14.94%
23,446,379
SC 13G/A
Jan 30, 2024
state street corp
7.73%
12,135,782
SC 13G/A
Jan 23, 2024
blackrock inc.
11.8%
18,575,604
SC 13G/A
Feb 14, 2023
norges bank
8.10%
12,695,570
SC 13G/A
Feb 14, 2023
tci fund management ltd
0%
0
SC 13G/A
Feb 09, 2023
vanguard group inc
15.05%
23,591,706
SC 13G/A
Feb 06, 2023
state street corp
7.10%
11,123,759
SC 13G/A
Jan 26, 2023
blackrock inc.
11.6%
18,146,691
SC 13G/A
Jan 20, 2023
blackrock inc.
11.6%
18,146,691
SC 13G
Feb 14, 2022
tci fund management ltd
7.96%
12,458,851
SC 13G/A

Recent SEC filings of Boston Properties Inc

View All Filings
Date Filed Form Type Document
May 10, 2024
10-Q
Quarterly Report
Apr 30, 2024
8-K
Current Report
Apr 16, 2024
ARS
ARS
Apr 12, 2024
DEF 14A
DEF 14A
Apr 12, 2024
DEFA14A
DEFA14A
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading

Peers (Alternatives to Boston Properties Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
AMT
90.9B
11.2B
 13.13% 1.87%
46.04
8.11
 3.63% 50.79%
CCI
44.7B
6.8B
 10.57% -9.74%
32.06
6.53
 -2.39% -16.60%
AVB
28.3B
2.8B
 9.91% 13.04%
29.6
10.08
 5.72% -6.47%
ARE
21.7B
3.0B
 6.63% 6.21%
110.61
7.35
 10.44% -73.79%
AMH
13.5B
-
 6.12% 9.11%
31.9
8.3
 8.93% 11.87%
REG
11.3B
1.4B
 6.30% 4.57%
30.12
8.22
 10.48% -2.93%
BXP
9.9B
3.3B
 9.08% 28.09%
51.64
3
 4.82% -75.15%
MID-CAP
FRT
8.5B
1.2B
 5.40% 14.57%
35.59
7.38
 5.48% -38.69%
SLG
3.4B
892.3M
 6.62% 140.10%
-6.71
3.85
 -5.33% -307.54%
MAC
3.4B
878.0M
 1.11% 67.10%
-9.8
3.82
 2.35% -290.60%
SMALL-CAP
AAT
1.4B
444.1M
 12.17% 21.82%
20.36
3.15
 3.54% 8.91%
AIV
1.2B
198.2M
 6.70% -0.84%
-7.55
6.02
 -43.33% -308.08%
MFA
1.1B
650.2M
 7.51% 2.13%
36.77
1.73
 27.93% 140.31%
NYMT
572.0M
285.4M
 -8.06% -36.92%
-4.15
2
 11.05% 83.70%
IVR
459.4M
277.2M
 15.74% -12.95%
-56.03
1.66
 25.89% 94.64%

Boston Properties Inc News

Latest updates
MarketBeat • 29 hours ago
Brokerages Set Boston Properties, Inc. (NYSE:BXP) Target Price at $69.53
MarketBeat • 29 hours ago
Boston Properties, Inc. (NYSE:BXP) Short Interest Down 6.7% in April
Defense World • 37 hours ago
Boston Properties, Inc. (NYSE:BXP) Stock Holdings Trimmed by Teacher Retirement System of Texas
Defense World • 42 hours ago
Boston Properties, Inc. (NYSE:BXP) Given Average Rating of “Hold” by Brokerages
MarketBeat • 17 May 2024 • 08:51 pm
Massachusetts Financial Services Co. MA Boosts Stake in Boston Properties, Inc. (NYSE:BXP)
Defense World • 17 May 2024 • 12:13 pm
Victory Capital Management Inc. Acquires 30048 Shares of Boston Properties, Inc. (NYSE:BXP)
MarketWatch • 16 May 2024 • 09:21 pm
Boston Properties Inc. stock underperforms Thursday when compared to competitors
MarketWatch • 14 May 2024 • 09:21 pm
Boston Properties Inc. stock outperforms competitors on strong trading day
Nasdaq • 13 May 2024 • 05:35 pm
Bullish Two Hundred Day Moving Average Cross - BXP
Defense World • 12 May 2024 • 09:49 am
Natixis Advisors L.P. Purchases 15783 Shares of Boston Properties, Inc. (NYSE:BXP)

Boston Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue1.3%839829824817803790791774754731730714714665693655753758744734726
Costs and Expenses4.7%594567553551569529519502500478481476485460459461481483474482476
Operating Expenses-100.0%-57.0065.0061.0057.0055.0053.0045.0046.0044.0040.0037.0037.0038.0038.0034.0035.0034.0029.0030.0030.00
  S&GA Expenses-100.0%-39.0031.0044.0056.0036.0033.0035.0043.0034.0035.0038.0045.0031.0028.0038.0036.0033.0031.0035.0042.00
Interest Expenses4.4%162155148142134120112104101103106106108112111107102103106102101
Net Income-33.4%80.00120-11110478.0011236122314318510811210111.0092.00269500141110167101
Net Income Margin-0.1%0.06*0.06*0.06*0.20*0.25*0.27*0.30*0.22*0.19*0.17*0.12*0.11*---------
Free Cashflow-49.0%198387301379234370296397219346226408---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-1.9%25,52626,02624,73925,34224,62524,20823,72723,26622,47622,36522,84922,05922,21422,85822,95923,00121,83021,28521,28921,26820,502
    Cash Equivalents-54.2%7021,5318831,5829196903764564364531,0035576971,6691,7151,6916616457511,087360
Liabilities-3.3%17,24017,83416,69917,04916,31315,83715,32715,11614,42314,32214,78513,96014,08514,51214,45914,44813,40313,26213,28613,24812,331
Shareholder's Equity40.9%8,2785,8775,7888,2878,3066,1338,3938,1438,0428,0338,0558,0908,1218,3408,4958,5478,4218,0147,9968,0218,170
  Retained Earnings-9.1%-890-816-782-516-467-391-359-567-636-625-657-612-570-509-364-302-416-760-749-710-728
  Additional Paid-In Capital0.6%6,7536,7156,5696,5616,5496,5396,5326,5256,5106,4986,4166,4066,3936,3576,3486,3416,3216,2956,2756,2796,415
Shares Outstanding0.1%157157157157157157157157157156156156---------
Float----9,013---13,917---17,852---14,037---19,902-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-49.0%198387301379234370296397219346226408152374228379175361254358207
  Share Based Compensation294.9%19.005.005.0015.0026.008.008.0015.0021.008.009.0014.0020.008.008.0010.0018.008.008.0010.0015.00
Cashflow From Investing9.9%-286-318-320-269-285-289-333-828-151-41.59-434-321-242-225-267-46.73-73.79-278-408-104-223
Cashflow From Financing-223.4%-756613-678554279208-16.68452-86.97-885653-398-679-194-18780165.00-195-203477-190
  Dividend Payments-100.0%-173172172171172172171170170170172172172172172172167167167166
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BXP Income Statement

2024-03-31
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue  
Lease$ 788,590$ 756,875
Total revenue839,439803,200
Expenses  
Rental314,157291,308
General and administrative50,01855,802
Transaction costs513911
Depreciation and amortization218,716208,734
Total expenses593,712568,661
Other income (expense)  
Income (loss) from unconsolidated joint ventures19,186(7,569)
Interest and other income (loss)14,52910,941
Gains from investments in securities2,2721,665
Unrealized gain on non-real estate investments396259
Impairment loss(13,615)0
Interest expense(161,891)(134,207)
Net Income (loss)106,604105,628
Net income attributable to noncontrolling interests  
Noncontrolling interests in property partnerships(17,221)(18,660)
Noncontrolling interest - common units of the Operating Partnership(9,500)(9,078)
Net income attributable to Boston Properties, Inc.79,88377,890
Net income attributable to the Company$ 79,883$ 77,890
Basic earnings per common share / unit attributable to the Company common shareholders / unitholders  
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share)$ 0.51$ 0.50
Weighted average number of common shares / units outstanding (in shares / units)156,983156,803
Diluted earnings per common share / unit attributable to the Company common shareholders / unitholders  
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit)$ 0.51$ 0.50
Weighted average number of common and common equivalent shares / units outstanding (in shares / units)157,132157,043
Boston Properties Limited Partnership  
Revenue  
Lease$ 788,590$ 756,875
Total revenue839,439803,200
Expenses  
Rental314,157291,308
General and administrative50,01855,802
Transaction costs513911
Depreciation and amortization217,019206,872
Total expenses592,015566,799
Other income (expense)  
Income (loss) from unconsolidated joint ventures19,186(7,569)
Interest and other income (loss)14,52910,941
Gains from investments in securities2,2721,665
Unrealized gain on non-real estate investments396259
Impairment loss(13,615)0
Interest expense(161,891)(134,207)
Net Income (loss)108,301107,490
Net income attributable to noncontrolling interests  
Noncontrolling interests in property partnerships(17,221)(18,660)
Net income attributable to Boston Properties, Inc.91,08088,830
Net income attributable to the Company$ 91,080$ 88,830
Basic earnings per common share / unit attributable to the Company common shareholders / unitholders  
Earnings Per Share After Allocation of Undistributed Earnings to Participating Securities Basic (dollars per share)$ 0.52$ 0.51
Weighted average number of common shares / units outstanding (in shares / units)175,255174,652
Diluted earnings per common share / unit attributable to the Company common shareholders / unitholders  
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit)$ 0.52$ 0.51
Weighted average number of common and common equivalent shares / units outstanding (in shares / units)175,404174,892
Parking and Other [Member]  
Revenue  
Other revenue$ 32,216$ 24,009
Parking and Other [Member] | Boston Properties Limited Partnership  
Revenue  
Other revenue32,21624,009
Hotel [Member]  
Revenue  
Other revenue[1]8,1868,101
Expenses  
Operating expense6,0156,671
Hotel [Member] | Boston Properties Limited Partnership  
Revenue  
Other revenue8,1868,101
Expenses  
Operating expense6,0156,671
Management Service [Member]  
Revenue  
Other revenue6,1548,980
Management Service [Member] | Boston Properties Limited Partnership  
Revenue  
Other revenue6,1548,980
Real Estate, Other [Member]  
Revenue  
Other revenue4,2935,235
Expenses  
Operating expense4,2935,235
Real Estate, Other [Member] | Boston Properties Limited Partnership  
Revenue  
Other revenue4,2935,235
Expenses  
Operating expense$ 4,293$ 5,235
[1]Rental Revenue is equal to Total Revenue per the Company’s Consolidated Statements of Operations, less Development and Management Services Revenue and Direct Reimbursements of Payroll and Related Costs from Management Services Contracts Revenue per the Consolidated Statements of Operations.

BXP Balance Sheet

2024-03-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS  
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,376,175 and $7,054,075 at March 31, 2024 and December 31, 2023, respectively)$ 27,063,048$ 26,749,209
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at March 31, 2024 and December 31, 2023, respectively)401,486401,680
Right of use assets - operating leases (amounts related to VIEs of $154,217 and $158,885 at March 31, 2024 and December 31, 2023, respectively)[1]344,255324,298
Less: accumulated depreciation (amounts related to VIEs of $(1,538,940) and $(1,501,483) at March 31, 2024 and December 31, 2023, respectively)(7,040,501)(6,881,728)
Total real estate20,768,28820,593,459
Cash and cash equivalents (amounts related to VIEs of $298,548 and $245,317 at March 31, 2024 and December 31, 2023, respectively)701,6951,531,477
Cash held in escrows (amounts related to VIEs of $4,839 and $22,160 at March 31, 2024 and December 31, 2023, respectively)64,93981,090
Investments in securities37,18436,337
Tenant and other receivables, net (amounts related to VIEs of $27,792 and $27,987 at March 31, 2024 and December 31, 2023, respectively)94,115122,407
Note receivable, net2,2741,714
Sales-type lease receivable, net13,94313,704
Accrued rental income, net (amounts related to VIEs of $409,628 and $401,159 at March 31, 2024 and December 31, 2023, respectively)1,390,2171,355,212
Deferred charges, net (amounts related to VIEs of $194,489 and $175,383 at March 31, 2024 and December 31, 2023, respectively)818,424760,421
Prepaid expenses and other assets (amounts related to VIEs of $45,672 and $11,824 at March 31, 2024 and December 31, 2023, respectively)146,28664,230
Investments in unconsolidated joint ventures1,399,8241,377,319
Total assets25,525,97826,026,149
Liabilities:  
Mortgage notes payable, net (amounts related to VIEs of $3,278,396 and $3,277,185 at March 31, 2024 and December 31, 2023, respectively)4,368,3674,166,379
Unsecured senior notes, net9,794,52710,491,617
Unsecured line of credit00
Unsecured term loan, net1,199,4301,198,301
Lease liabilities - finance leases (amounts related to VIEs of $20,831 and $20,794 at March 31, 2024 and December 31, 2023, respectively)415,888417,961
Lease liabilities - operating leases (amounts related to VIEs of $148,706 and $145,826 at March 31, 2024 and December 31, 2023, respectively)377,667350,391
Accounts payable and accrued expenses (amounts related to VIEs of $112,385 and $59,667 at March 31, 2024 and December 31, 2023, respectively)374,681458,329
Dividends and distributions payable172,154171,176
Accrued interest payable119,573133,684
Other liabilities (amounts related to VIEs of $105,786 and $115,275 at March 31, 2024 and December 31, 2023, respectively)417,978445,947
Total liabilities17,240,26517,833,785
Redeemable deferred stock units— 124,656 and 119,471 units outstanding at redemption value at March 31, 2024 and December 31, 2023, respectively$ 8,141$ 8,383
Excess stock, shares outstanding00
Excess stock, shares issued00
Preferred stock / units, shares / units issued (in shares / units)00
Preferred stock / units, shares / units outstanding (in shares / units)00
Equity / Capital:  
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding$ 0$ 0
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued or outstanding00
Common stock, $0.01 par value, 250,000,000 shares authorized, 157,128,071 and 157,019,766 issued and 157,049,171 and 156,940,866 outstanding at March 31, 2024 and December 31, 2023, respectively1,5701,569
Additional paid-in capital6,752,6486,715,149
Dividends in excess of earnings$ (890,177)$ (816,152)
Treasury common stock at cost, shares78,90078,900
Treasury common stock at cost, 78,900 shares at March 31, 2024 and December 31, 2023$ (2,722)$ (2,722)
Accumulated other comprehensive loss(3,620)(21,147)
Total stockholders' equity attributable to Boston Properties, Inc.5,857,6995,876,697
Noncontrolling interests:  
Common units of the Operating Partnership684,969666,580
Property partnerships1,734,9041,640,704
Total equity / capital8,277,5728,183,981
Total liabilities and equity / capital25,525,97826,026,149
Related Party  
ASSETS  
Related party note receivable, net88,78988,779
Variable Interest Entity, Primary Beneficiary [Member]  
ASSETS  
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,376,175 and $7,054,075 at March 31, 2024 and December 31, 2023, respectively)7,376,1757,054,075
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at March 31, 2024 and December 31, 2023, respectively)21,00021,000
Right of use assets - operating leases (amounts related to VIEs of $154,217 and $158,885 at March 31, 2024 and December 31, 2023, respectively)154,217158,885
Less: accumulated depreciation (amounts related to VIEs of $(1,538,940) and $(1,501,483) at March 31, 2024 and December 31, 2023, respectively)(1,538,940)(1,501,483)
Cash and cash equivalents (amounts related to VIEs of $298,548 and $245,317 at March 31, 2024 and December 31, 2023, respectively)298,548245,317
Cash held in escrows (amounts related to VIEs of $4,839 and $22,160 at March 31, 2024 and December 31, 2023, respectively)4,83922,160
Tenant and other receivables, net (amounts related to VIEs of $27,792 and $27,987 at March 31, 2024 and December 31, 2023, respectively)27,79227,987
Accrued rental income, net (amounts related to VIEs of $409,628 and $401,159 at March 31, 2024 and December 31, 2023, respectively)409,628401,159
Deferred charges, net (amounts related to VIEs of $194,489 and $175,383 at March 31, 2024 and December 31, 2023, respectively)194,489175,383
Prepaid expenses and other assets (amounts related to VIEs of $45,672 and $11,824 at March 31, 2024 and December 31, 2023, respectively)45,67211,824
Liabilities:  
Mortgage notes payable, net (amounts related to VIEs of $3,278,396 and $3,277,185 at March 31, 2024 and December 31, 2023, respectively)3,278,3963,277,185
Lease liabilities - finance leases (amounts related to VIEs of $20,831 and $20,794 at March 31, 2024 and December 31, 2023, respectively)20,83120,794
Lease liabilities - operating leases (amounts related to VIEs of $148,706 and $145,826 at March 31, 2024 and December 31, 2023, respectively)148,706145,826
Accounts payable and accrued expenses (amounts related to VIEs of $112,385 and $59,667 at March 31, 2024 and December 31, 2023, respectively)112,38559,667
Other liabilities (amounts related to VIEs of $105,786 and $115,275 at March 31, 2024 and December 31, 2023, respectively)105,786115,275
Boston Properties Limited Partnership  
ASSETS  
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,376,175 and $7,054,075 at March 31, 2024 and December 31, 2023, respectively)26,696,78326,382,944
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at March 31, 2024 and December 31, 2023, respectively)401,486401,680
Right of use assets - operating leases (amounts related to VIEs of $154,217 and $158,885 at March 31, 2024 and December 31, 2023, respectively)[1]344,255324,298
Less: accumulated depreciation (amounts related to VIEs of $(1,538,940) and $(1,501,483) at March 31, 2024 and December 31, 2023, respectively)(6,915,437)(6,758,361)
Total real estate20,527,08720,350,561
Cash and cash equivalents (amounts related to VIEs of $298,548 and $245,317 at March 31, 2024 and December 31, 2023, respectively)701,6951,531,477
Cash held in escrows (amounts related to VIEs of $4,839 and $22,160 at March 31, 2024 and December 31, 2023, respectively)64,93981,090
Investments in securities37,18436,337
Tenant and other receivables, net (amounts related to VIEs of $27,792 and $27,987 at March 31, 2024 and December 31, 2023, respectively)94,115122,407
Note receivable, net2,2741,714
Sales-type lease receivable, net13,94313,704
Accrued rental income, net (amounts related to VIEs of $409,628 and $401,159 at March 31, 2024 and December 31, 2023, respectively)1,390,2171,355,212
Deferred charges, net (amounts related to VIEs of $194,489 and $175,383 at March 31, 2024 and December 31, 2023, respectively)818,424760,421
Prepaid expenses and other assets (amounts related to VIEs of $45,672 and $11,824 at March 31, 2024 and December 31, 2023, respectively)146,28664,230
Investments in unconsolidated joint ventures1,399,8241,377,319
Total assets25,284,77725,783,251
Liabilities:  
Mortgage notes payable, net (amounts related to VIEs of $3,278,396 and $3,277,185 at March 31, 2024 and December 31, 2023, respectively)4,368,3674,166,379
Unsecured senior notes, net9,794,52710,491,617
Unsecured line of credit00
Unsecured term loan, net1,199,4301,198,301
Lease liabilities - finance leases (amounts related to VIEs of $20,831 and $20,794 at March 31, 2024 and December 31, 2023, respectively)415,888417,961
Lease liabilities - operating leases (amounts related to VIEs of $148,706 and $145,826 at March 31, 2024 and December 31, 2023, respectively)377,667350,391
Accounts payable and accrued expenses (amounts related to VIEs of $112,385 and $59,667 at March 31, 2024 and December 31, 2023, respectively)374,681458,329
Dividends and distributions payable172,154171,176
Accrued interest payable119,573133,684
Other liabilities (amounts related to VIEs of $105,786 and $115,275 at March 31, 2024 and December 31, 2023, respectively)417,978445,947
Total liabilities17,240,26517,833,785
Redeemable deferred stock units— 124,656 and 119,471 units outstanding at redemption value at March 31, 2024 and December 31, 2023, respectively8,1418,383
Noncontrolling interest:  
Redeemable partnership units— 16,492,171 and 16,508,277 common units and 2,666,636 and 2,065,861 long term incentive units outstanding at redemption value at March 31, 2024 and December 31, 2023, respectively1,300,4091,347,575
Equity / Capital:  
Boston Properties Limited Partnership partners’ capital— 1,762,080 and 1,755,150 general partner units and 155,287,091 and 155,185,716 limited partner units outstanding at March 31, 2024 and December 31, 2023, respectively5,004,6784,973,951
Accumulated other comprehensive loss(3,620)(21,147)
Total partners’ capital5,001,0584,952,804
Noncontrolling interests in property partnerships1,734,9041,640,704
Noncontrolling interests:  
Total equity / capital6,735,9626,593,508
Total liabilities and equity / capital25,284,77725,783,251
Boston Properties Limited Partnership | Related Party  
ASSETS  
Related party note receivable, net88,78988,779
Boston Properties Limited Partnership | Variable Interest Entity, Primary Beneficiary [Member]  
ASSETS  
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,376,175 and $7,054,075 at March 31, 2024 and December 31, 2023, respectively)7,376,1757,054,075
Right of use assets - finance leases (amounts related to VIEs of $21,000 and $21,000 at March 31, 2024 and December 31, 2023, respectively)21,00021,000
Right of use assets - operating leases (amounts related to VIEs of $154,217 and $158,885 at March 31, 2024 and December 31, 2023, respectively)154,217158,885
Less: accumulated depreciation (amounts related to VIEs of $(1,538,940) and $(1,501,483) at March 31, 2024 and December 31, 2023, respectively)(1,538,940)(1,501,483)
Cash and cash equivalents (amounts related to VIEs of $298,548 and $245,317 at March 31, 2024 and December 31, 2023, respectively)298,548245,317
Cash held in escrows (amounts related to VIEs of $4,839 and $22,160 at March 31, 2024 and December 31, 2023, respectively)4,83922,160
Tenant and other receivables, net (amounts related to VIEs of $27,792 and $27,987 at March 31, 2024 and December 31, 2023, respectively)27,79227,987
Accrued rental income, net (amounts related to VIEs of $409,628 and $401,159 at March 31, 2024 and December 31, 2023, respectively)409,628401,159
Deferred charges, net (amounts related to VIEs of $194,489 and $175,383 at March 31, 2024 and December 31, 2023, respectively)194,489175,383
Prepaid expenses and other assets (amounts related to VIEs of $45,672 and $11,824 at March 31, 2024 and December 31, 2023, respectively)45,67211,824
Liabilities:  
Mortgage notes payable, net (amounts related to VIEs of $3,278,396 and $3,277,185 at March 31, 2024 and December 31, 2023, respectively)3,278,3963,277,185
Lease liabilities - finance leases (amounts related to VIEs of $20,831 and $20,794 at March 31, 2024 and December 31, 2023, respectively)20,83120,794
Lease liabilities - operating leases (amounts related to VIEs of $148,706 and $145,826 at March 31, 2024 and December 31, 2023, respectively)148,706145,826
Accounts payable and accrued expenses (amounts related to VIEs of $112,385 and $59,667 at March 31, 2024 and December 31, 2023, respectively)112,38559,667
Other liabilities (amounts related to VIEs of $105,786 and $115,275 at March 31, 2024 and December 31, 2023, respectively)$ 105,786$ 115,275
[1]See Note 4.

About Boston Properties Inc

BXP
BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets- Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). Including properties owned by unconsolidated joint ventures, BXP's portfolio totals 54.1 million square feet and 191 properties, including 13 properties under construction/redevelopment.
 CEO
 WEBSITEbxp.com
 INDUSTRYREIT Mortgage
 EMPLOYEES780

Boston Properties Inc Frequently Asked Questions

What is the ticker symbol for Boston Properties Inc? What does BXP stand for in stocks?

BXP is the stock ticker symbol of Boston Properties Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Boston Properties Inc (BXP)?

As of Fri May 17 2024, market cap of Boston Properties Inc is 9.93 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BXP stock?

You can check BXP's fair value in chart for subscribers.

What is the fair value of BXP stock?

You can check BXP's fair value in chart for subscribers. The fair value of Boston Properties Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Boston Properties Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BXP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Boston Properties Inc a good stock to buy?

The fair value guage provides a quick view whether BXP is over valued or under valued. Whether Boston Properties Inc is cheap or expensive depends on the assumptions which impact Boston Properties Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BXP.

What is Boston Properties Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, BXP's PE ratio (Price to Earnings) is 51.64 and Price to Sales (PS) ratio is 3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BXP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Boston Properties Inc's stock?

In the past 10 years, Boston Properties Inc has provided -0.034 (multiply by 100 for percentage) rate of return.