See more : Sanix Incorporated (4651.T) Income Statement Analysis – Financial Results
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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