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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 |
Here's What Key Metrics Tell Us About Boston Properties (BXP) Q1 Earnings
The headline numbers for Boston Properties (BXP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Boston Properties (BXP) Q1 FFO Meet Estimates
Boston Properties (BXP) came out with quarterly funds from operations (FFO) of $1.73 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.73 per share a year ago.
BXP Announces First Quarter 2024 Results
BOSTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the first quarter ended March 31, 2024. Financial Highlights Revenue increased 4.5% to $839.4 million for the...
Should You Buy Boston Properties (BXP) Ahead of Earnings?
Boston Properties (BXP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Key Factors to Impact Boston Properties' (BXP) Q1 Earnings
Healthy demand for Boston Properties' (BXP) premium office and life-science assets is likely to have benefited its Q1 earnings. However, high interest expenses remain a concern.
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BXP Releases 2023 Sustainability & Impact Report
BOSTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced the release of BXP's 2023 Sustainability & Impact Report. 2023 highlights include: Remaining on track to achieve carbon-neutral operations...
Source: https://incomestatements.info
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