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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 revenue 839,439 803,200 CloseCloseClose
Expenses    
Rental 314,157 291,308
General and administrative 50,018 55,802
Transaction costs 513 911
Depreciation and amortization 218,716 208,734
Total expenses 593,712 568,661 Close
Other income (expense)    
Income (loss) from unconsolidated joint ventures 19,186 (7,569)
Interest and other income (loss) 14,529 10,941
Gains from investments in securities 2,272 1,665
Unrealized gain on non-real estate investments 396 259
Impairment loss (13,615) 0
Interest expense (161,891) (134,207)
Net Income (loss) 106,604 105,628 Close
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. 79,883 77,890
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) 156,983 156,803
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) 157,132 157,043
Boston Properties Limited Partnership    
Revenue    
Lease $ 788,590 $ 756,875
Total revenue 839,439 803,200
Expenses    
Rental 314,157 291,308
General and administrative 50,018 55,802
Transaction costs 513 911
Depreciation and amortization 217,019 206,872
Total expenses 592,015 566,799
Other income (expense)    
Income (loss) from unconsolidated joint ventures 19,186 (7,569)
Interest and other income (loss) 14,529 10,941
Gains from investments in securities 2,272 1,665
Unrealized gain on non-real estate investments 396 259
Impairment loss (13,615) 0
Interest expense (161,891) (134,207)
Net Income (loss) 108,301 107,490
Net income attributable to noncontrolling interests    
Noncontrolling interests in property partnerships (17,221) (18,660)
Net income attributable to Boston Properties, Inc. 91,080 88,830
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) 175,255 174,652
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) 175,404 174,892
Parking and Other [Member]    
Revenue    
Other revenue $ 32,216 $ 24,009
Parking and Other [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue 32,216 24,009
Hotel [Member]    
Revenue    
Other revenue [1] 8,186 8,101
Expenses    
Operating expense 6,015 6,671 CloseClose
Hotel [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue 8,186 8,101
Expenses    
Operating expense 6,015 6,671
Management Service [Member]    
Revenue    
Other revenue 6,154 8,980
Management Service [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue 6,154 8,980
Real Estate, Other [Member]    
Revenue    
Other revenue 4,293 5,235
Expenses    
Operating expense 4,293 5,235
Real Estate, Other [Member] | Boston Properties Limited Partnership    
Revenue    
Other revenue 4,293 5,235
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.