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Complete financial analysis of Boston Properties, Inc. (BXP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Boston Properties, Inc., a leading company in the REIT – Office industry within the Real Estate sector.
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Boston Properties, Inc. (BXP)
About Boston Properties, Inc.
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company's portfolio totals 51.2 million square feet and 196 properties, including six properties under construction/redevelopment.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.27B | 3.11B | 2.89B | 2.77B | 2.96B | 2.72B | 2.60B | 2.55B | 2.49B | 2.40B | 2.14B | 1.88B | 1.76B | 1.55B | 1.52B | 1.49B | 1.48B | 1.48B | 1.44B | 1.40B | 1.31B | 1.23B | 1.03B | 879.35M | 786.56M | 513.85M | 275.46M |
| Cost of Revenue | 1.22B | 1.15B | 1.05B | 1.04B | 1.09B | 1.02B | 962.04M | 921.23M | 904.34M | 864.53M | 771.40M | 685.48M | 620.11M | 526.85M | 525.77M | 515.54M | 483.61M | 497.35M | 490.02M | 474.75M | 452.89M | 416.58M | 312.29M | 264.70M | 249.27M | 150.49M | 89.58M |
| Gross Profit | 2.05B | 1.96B | 1.84B | 1.72B | 1.87B | 1.69B | 1.64B | 1.63B | 1.59B | 1.53B | 1.36B | 1.19B | 1.14B | 1.02B | 996.48M | 972.86M | 998.68M | 980.23M | 947.61M | 925.72M | 856.74M | 818.25M | 720.68M | 614.65M | 537.30M | 363.36M | 185.88M |
| Gross Profit Ratio | 62.72% | 63.03% | 63.78% | 62.33% | 63.03% | 62.36% | 63.03% | 63.88% | 63.69% | 63.93% | 63.88% | 63.47% | 64.76% | 66.03% | 65.46% | 65.36% | 67.37% | 66.34% | 65.91% | 66.10% | 65.42% | 66.26% | 69.77% | 69.90% | 68.31% | 70.71% | 67.48% |
| Research & Development | 0.00 | 0.33 | 0.22 | 0.35 | 0.22 | 0.26 | 0.22 | 0.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 187.93M | 148.24M | 151.85M | 133.11M | 140.78M | 121.72M | 113.72M | 105.23M | 96.32M | 98.94M | 115.33M | 82.38M | 81.44M | 79.66M | 75.45M | 69.88M | 69.88M | 59.38M | 55.47M | 53.64M | 45.36M | 47.29M | 38.31M | 35.66M | 29.46M | 22.50M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 187.93M | 148.24M | 151.85M | 133.11M | 140.78M | 121.72M | 113.72M | 105.23M | 96.32M | 98.94M | 115.33M | 82.38M | 81.44M | 79.66M | 75.45M | 72.37M | 69.88M | 59.38M | 55.47M | 53.64M | 45.36M | 47.29M | 38.31M | 35.66M | 29.46M | 22.50M | 11.81M |
| Other Expenses | 0.00 | 749.78M | 717.34M | 683.75M | 677.76M | 645.65M | 617.55M | 694.40M | 639.54M | 628.57M | 560.64M | 453.07M | 439.18M | 331.17M | 321.68M | 304.15M | 289.45M | 308.90M | 279.73M | 258.51M | 211.11M | 202.35M | 130.18M | 132.82M | 120.06M | 75.42M | 38.77M |
| Operating Expenses | 170.16M | 898.02M | 869.19M | 816.86M | 818.54M | 767.37M | 731.26M | 801.51M | 735.86M | 727.51M | 675.97M | 535.45M | 520.63M | 410.83M | 397.13M | 376.51M | 359.33M | 368.28M | 335.20M | 312.15M | 256.47M | 249.64M | 168.49M | 168.48M | 149.51M | 97.92M | 50.58M |
| Cost & Expenses | 1.39B | 2.05B | 1.92B | 1.86B | 1.91B | 1.79B | 1.69B | 1.72B | 1.64B | 1.59B | 1.45B | 1.22B | 1.14B | 937.68M | 922.89M | 892.05M | 842.93M | 865.63M | 825.22M | 786.90M | 709.36M | 666.22M | 480.78M | 433.18M | 398.78M | 248.41M | 140.16M |
| Interest Income | 63.26M | 11.94M | 5.70M | 5.95M | 18.94M | 10.82M | 5.78M | 7.23M | 6.78M | 8.77M | 8.31M | 10.09M | 5.36M | 7.33M | 4.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 572.87M | 437.14M | 423.35M | 431.72M | 412.72M | 378.17M | 374.48M | 412.85M | 432.20M | 455.74M | 446.88M | 413.56M | 394.13M | 378.08M | 322.83M | 271.97M | 285.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 830.81M | 2.05B | 1.92B | 1.86B | 1.91B | 1.79B | 1.69B | 1.72B | 639.54M | 628.57M | 560.64M | 453.07M | 439.18M | 338.37M | 321.68M | 304.15M | 288.98M | 276.76M | 267.64M | 252.94M | 210.48M | 186.43M | 150.16M | 133.15M | 120.06M | 75.42M | 38.77M |
| EBITDA | 1.87B | 1.77B | 1.69B | 2.14B | 1.75B | 2.03B | 1.53B | 1.52B | 1.49B | 1.43B | 1.33B | 1.14B | 1.06B | 948.89M | 596.18M | 1.08B | 931.75M | 323.98M | 864.03M | 553.72M | 754.65M | 1.76B | 1.46B | 797.91M | 507.84M | 340.85M | 174.08M |
| EBITDA Ratio | 56.98% | 56.94% | 58.63% | 54.65% | 60.49% | 58.36% | 59.31% | 60.36% | 61.01% | 60.70% | 62.38% | 62.23% | 60.25% | 67.26% | 58.03% | 58.75% | 62.63% | 60.15% | 61.22% | 61.29% | 57.62% | 61.15% | 69.68% | 65.95% | 64.56% | 66.33% | 63.20% |
| Operating Income | 1.85B | 1.02B | 976.21M | 827.70M | 1.11B | 913.69M | 908.11M | 823.91M | 849.37M | 801.82M | 678.12M | 651.68M | 618.64M | 610.51M | 276.52M | 324.38M | 353.47M | 313.70M | 304.32M | 307.40M | 299.36M | 296.92M | 302.32M | 228.78M | 182.37M | 140.58M | 43.72M |
| Operating Income Ratio | 56.38% | 32.82% | 33.80% | 29.93% | 37.60% | 33.63% | 34.90% | 32.30% | 34.10% | 33.45% | 31.75% | 34.73% | 35.16% | 39.37% | 18.17% | 21.79% | 23.85% | 21.23% | 21.17% | 21.95% | 22.86% | 24.05% | 29.27% | 26.02% | 23.19% | 27.36% | 15.87% |
| Total Other Income/Expenses | -1.55B | -785.17M | -1.04B | -554.13M | -395.62M | -214.54M | -345.63M | -255.81M | -425.34M | -275.77M | 25.53M | -406.71M | -315.69M | -424.36M | -304.79M | -155.89M | 806.25M | 559.94M | -60.90M | 8.15M | 65.96M | 147.46M | -94.29M | -568.00K | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 291.42M | 1.02B | 631.93M | 1.02B | 652.00M | 597.87M | 554.82M | 487.50M | 424.02M | 358.02M | 703.65M | 294.22M | 313.83M | 159.07M | 231.01M | 168.48M | 0.00 | 0.00 | 0.00 | 315.55M | 365.32M | 444.38M | 208.03M | 228.21M | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 8.90% | 32.83% | 21.88% | 36.83% | 22.02% | 22.00% | 21.32% | 19.11% | 17.02% | 14.94% | 32.95% | 15.68% | 17.84% | 10.26% | 15.18% | 11.32% | 0.00% | 0.00% | 0.00% | 22.53% | 27.90% | 35.99% | 20.14% | 25.95% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 437.14M | 547.52M | 492.95M | 589.77M | 177.05M | 478.09M | 397.32M | 295.88M | 382.92M | 475.79M | 467.21M | 432.01M | 490.83M | 380.40M | 289.10M | -685.34M | -261.68M | 174.12M | 329.55M | 234.95M | 567.47M | 344.17M | 293.18M | 268.01M | 172.32M | 95.55M |
| Net Income | 190.22M | 583.45M | 84.41M | 525.74M | 62.23M | 582.85M | 462.44M | 511.10M | 583.11M | 443.61M | 749.81M | 289.65M | 272.68M | 159.07M | 231.01M | 125.23M | 1.32B | 873.64M | 438.29M | 284.02M | 365.32M | 444.38M | 208.03M | 153.00M | 119.78M | 93.11M | 39.76M |
| Net Income Ratio | 5.81% | 18.77% | 2.92% | 19.01% | 2.10% | 21.45% | 17.77% | 20.04% | 23.41% | 18.51% | 35.11% | 15.44% | 15.50% | 10.26% | 15.18% | 8.41% | 89.37% | 59.13% | 30.49% | 20.28% | 27.90% | 35.99% | 20.14% | 17.40% | 15.23% | 18.12% | 14.43% |
| EPS | 1.21 | 3.72 | 0.54 | 3.38 | 0.40 | 3.77 | 2.93 | 3.27 | 3.73 | 2.83 | 4.87 | 1.93 | 1.87 | 1.14 | 1.76 | 0.88 | 11.11 | 7.62 | 3.94 | 2.67 | 3.71 | 4.57 | 2.24 | 2.05 | 1.72 | 1.53 | 0.91 |
| EPS Diluted | 1.21 | 3.71 | 0.54 | 3.38 | 0.40 | 3.77 | 2.93 | 3.26 | 3.72 | 2.83 | 4.86 | 1.92 | 1.86 | 1.14 | 1.76 | 0.87 | 10.94 | 7.46 | 3.86 | 2.61 | 3.65 | 4.50 | 2.19 | 2.05 | 1.71 | 1.52 | 0.90 |
| Weighted Avg Shares Out | 156.86M | 156.73M | 156.12M | 155.43M | 154.58M | 154.43M | 154.19M | 153.72M | 153.47M | 153.09M | 152.20M | 150.12M | 145.69M | 139.44M | 131.05M | 119.98M | 118.84M | 114.72M | 111.27M | 106.46M | 96.90M | 93.15M | 89.93M | 71.43M | 66.24M | 60.78M | 38.69M |
| Weighted Avg Shares Out (Dil) | 157.20M | 157.14M | 156.38M | 155.52M | 154.88M | 154.68M | 154.39M | 153.98M | 153.84M | 153.31M | 152.52M | 150.71M | 146.22M | 140.06M | 131.51M | 121.30M | 120.78M | 117.08M | 113.56M | 108.76M | 98.49M | 94.61M | 91.98M | 71.43M | 66.78M | 61.31M | 39.11M |
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