CSIMarket
 
Boston Properties Inc   (BXP)
Other Ticker:  
 
 
Price: $62.8300 $0.23 0.367%
Day's High: $63.205 Week Perf: -1.2 %
Day's Low: $ 62.65 30 Day Perf: -5.82 %
Volume (M): 28 52 Wk High: $ 73.97
Volume (M$): $ 1,740 52 Wk Avg: $59.82
Open: $61.63 52 Wk Low: $46.18



 Market Capitalization (Millions $) 9,877
 Shares Outstanding (Millions) 157
 Employees 743
 Revenues (TTM) (Millions $) 3,274
 Net Income (TTM) (Millions $) 291
 Cash Flow (TTM) (Millions $) 876
 Capital Exp. (TTM) (Millions $) 697

Boston Properties Inc
Boston Properties, Inc., a Delaware corporation organized in 1997, individually or together with its subsidiaries, including Boston Properties Limited Partnership, a Delaware limited partnership, and our predecessors. We are a fully integrated self-administered and self-managed real estate investment trust, or 'REIT,' and one of the largest owners and developers of office properties in the United States. Our properties are concentrated in five markets'Boston, Washington, D.C., midtown Manhattan, San Francisco and Princeton, N.J. We conduct substantially all of our business through our subsidiary, Boston Properties Limited Partnership. At December' 31, 2005, we owned or had interests in 121 properties, totaling approximately 42.0'million net rentable square feet and structured parking for vehicles containing approximately 9.3'million square feet.

Our properties consisted of:

117 office properties comprised of 100 Class'A office properties (including three properties under construction) and 17 Office/Technical properties;

two hotels; and

two retail properties.

We own or control undeveloped land totaling approximately 527.1 acres, which will support approximately 9.2'million square feet of development. In addition, we have a 25% interest in the Boston Properties Office Value-Added Fund, L.P., which we refer to as the 'Value-Added Fund,' which is a strategic partnership with two institutional investors through which we intend to pursue the acquisition of assets within our existing markets that have deficiencies in property characteristics which provide an opportunity to create value through repositioning, refurbishment or renovation. Our investments through the Value-Added Fund are not included in our portfolio information tables or any other portfolio level statistics.

We consider Class'A office properties to be centrally-located buildings that are professionally managed and maintained, attract high-quality tenants and command upper-tier rental rates, and that are modern structures or have been modernized to compete with newer buildings. The Company considers Office/Technical properties to be properties that support office, research and development and other technical uses. Our definitions of Class'A office and Office/Technical properties may be different than those used by other companies.

We are a full-service real estate company, with substantial in-house expertise and resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, tax and legal services.

Our primary business objective is to maximize return on investment so as to provide our investors with the greatest possible total return. Our strategy to achieve this objective is:

to concentrate on a few carefully selected geographic markets, including Boston, Washington D.C., midtown Manhattan, San Francisco and Princeton, N.J., and to be one of the leading, if not the leading, owners and developers in each of those markets. We select markets and submarkets where tenants have demonstrated a preference for high-quality office buildings and other facilities;

to emphasize markets and submarkets within those markets where the lack of available sites and the difficulty of receiving the necessary approvals for development and the necessary financing constitute high barriers to the creation of new supply, and where skill, financial strength and diligence are required to successfully develop, finance and manage high-quality office, research and development space as well as selected retail space;

to take on complex, technically challenging projects, leveraging the skills of our management team to successfully develop, acquire or reposition properties which other organizations may not have the capacity or resources to pursue;

to concentrate on high-quality real estate designed to meet the demands of today's tenants who require sophisticated telecommunications and related infrastructure and support services, and to manage those facilities so as to become the landlord of choice for both existing and prospective clients;

to opportunistically acquire assets which increase our penetration in the markets in which we have chosen to concentrate and which exhibit an opportunity to improve or preserve returns through repositioning (through a combination of capital improvements and shift in marketing strategy), changes in management focus and re-leasing as existing leases terminate;

to explore joint venture opportunities primarily with existing owners of land parcels located in desirable locations, who seek to benefit from the depth of development and management expertise we are able to provide and our access to capital, and/or to explore joint venture opportunities with strategic institutional partners, leveraging our skills as owners, operators and developers of Class' A office space;

to pursue on a selective basis the sale of properties, including core properties, to take advantage of our value creation and the demand for our premier properties

to seek third-party development contracts, which benefits us when our internal development is less active or when new development is less-warranted due to market conditions, which can be a significant source of revenue and enables us to retain and utilize our existing development and construction management staff; and

to enhance our capital structure through our access to a variety of sources of capital.

Competition

We compete in the leasing of office space with a considerable number of other real estate companies, some of which may have greater marketing and financial resources than are available to us. In addition, our hotel properties compete for guests with other hotels, some of which may have greater marketing and financial resources than are available to us and to the manager of our hotels, Marriott' International, Inc.

Principal factors of competition in our primary business of owning, acquiring and developing office properties are the quality of properties, leasing terms (including rent and other charges and allowances for tenant improvements), attractiveness and convenience of location, the quality and breadth of tenant services provided, and reputation as an owner and operator of quality office properties in the relevant market. Additionally, our ability to compete depends upon, among other factors, trends of the national and local economies, investment alternatives, financial condition and operating results of current and prospective tenants, availability and cost of capital, construction and renovation costs, taxes, utilities, governmental regulations, legislation and population trends.



   Company Address: Prudential Center, 800 Boylston Street, Suite 1900 Boston 2199 MA
   Company Phone Number: 236-3300   Stock Exchange / Ticker: NYSE BXP
    Next quarterly dividend pay out on April 30, 2024.


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CZR   -5.71%    
HST   -1.43%    
L        1% 
LVS   -4.42%    
MAR   -0.87%    
MGM        3.08% 
• View Complete Report
   



Dividend

Boston Properties, Inc. Continues Strong Performance with Quarterly Dividend Declaration

Published Mon, Mar 18 2024 11:15 AM UTC

Boston Properties, Inc. Declares Quarterly Dividend Amidst Strong Performance
Boston Properties, Inc. (NYSE: BXP), a leading developer, owner, and manager of premier workplaces in the United States, recently announced the declaration of a regular quarterly cash dividend of $0.98 per share of common stock for the period January 1, 2024 to March 31, 2024. This dividend is ...

Boston Properties Inc

Boston Properties Inc Faces Decrease in Income in Q4 2023

Boston Properties Inc (BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, recently announced its financial results for the fourth quarter ended December 31, 2023. Despite experiencing declining earnings per share (EPS), the company reported an increase in revenue compared to the previous fiscal period.
In the most recent fiscal period, Boston Properties reported a revenue increase of 4.952% to $828.93 million, up from $789.82 million on a year-over-year basis. However, profits decreased by -1.49% to $0.76 per share, compared to $0.77 per share in the same period a year before. The company's bottom line for the preceding quarter was $-0.71 per share, with revenue of $824.28 million. Furthermore, the financial fourth quarter of 2023 saw a decrease in bottom-line of $153.155 million, by -1.65%, compared to $155.723 million in the corresponding period a year before.

Dividend

Boston Properties Announces 2023 Tax Treatment on Distributions - A Boon for Shareholders

Published Wed, Jan 17 2024 2:17 AM UTC


In a recent press release, Boston Properties, Inc. (NYSE: BXP), the leading developer, owner, and manager of premier workplaces in the United States, has revealed the tax treatment of distributions on shares of its common stock for the year 2023. This news comes as a significant development for shareholders, highlighting the company's commitment to transparency and ensu...

Dividend

Boston Properties Inc's Dividend Declaration Spurs Double-Digit Share Price Growth and Investor Confidence

Published Mon, Dec 18 2023 9:15 PM UTC

Boston Properties Announces Quarterly Dividend, Delighting Shareholders
Boston Properties, Inc. (BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, made a significant announcement today that is bound to please its shareholders. The company's Board of Directors has declared a regular quarterly cash dividend of $0.98...

Contract

Boston Properties Enters Agreement to Sell Stake in Kendall Square Life Sciences Properties, Focusing on Future Growth Opportunities

Published Tue, Nov 14 2023 11:00 AM UTC


In a strategic move aimed at capitalizing on the robust demand in the life sciences sector, Boston Properties Inc. (BXP), the leading developer, owner, and manager of premier workplaces in the United States, has announced the sale of a 45% interest in two prime life sciences development properties in Kendall Square, Cambridge. The deal, valued at a substantial $1.66 bil...






 

Boston Properties Inc's Segments
 
Greater Boston
 Segment     of total Revenue
Greater Washington D.C.
 Segment     of total Revenue
New York
 Segment     of total Revenue
Greater San Francisco
 Segment     of total Revenue
 
• View Complete Report

Boston Properties Inc's Operating Statistics Decrease / Increase
       
Total Hotel Occupancy %     
Total Hotel Average Daily Rate ($)     
Total Hotel RevPar ($)     
Greater Boston Square Feet (thousands)   Greater Boston Square Feet (thousands) Decline   
Greater Washington D.C. Square Feet (thousands)   Greater Washington D.C. Square Feet (thousands) Decline   
New York Square Feet (thousands)    New York Square Feet (thousands) Growth   
Greater San Francisco Square Feet (thousands)    Greater San Francisco Square Feet (thousands) Growth   
New Jersey Square Feet (thousands)     
Greater Boston Occupancy %   Greater Boston Occupancy % Decline   
Greater Washington D.C. Occupancy %    Greater Washington D.C. Occupancy % Growth   
New York Occupancy %    New York Occupancy % Growth   
Greater San Francisco Occupancy %   Greater San Francisco Occupancy % Decline   
New Jersey Occupancy %     
Total Occupancy %   Total Occupancy % Decline   
Number of Buildings   Number of Buildings Decline   
Annualized Rev. Per Leased Sq. Foot ($)    Annualized Rev. Per Leased Sq. Foot ($) Growth   
Boston Number of Buildings   Boston Number of Buildings Decline   
Boston Annualized Rev. Per Leased Sq. Foot ($)    Boston Annualized Rev. Per Leased Sq. Foot ($) Growth   
Washington, DC Number of Buildings   Washington, DC Number of Buildings Decline   
Washington, DC Annualized Rev. Per Leased Sq. Foot ($)    Washington, DC Annualized Rev. Per Leased Sq. Foot ($) Growth   
New York Number of Buildings    New York Number of Buildings Growth   
New York Annualized Rev. Per Leased Sq. Foot ($)    New York Annualized Rev. Per Leased Sq. Foot ($) Growth   
San Francisco Number of Buildings   San Francisco Number of Buildings Decline   
San Francisco Annualized Rev. Per Leased Sq. Foot ($)    San Francisco Annualized Rev. Per Leased Sq. Foot ($) Growth   




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com