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Boston Properties Inc   (BXP)
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Price: $61.6400 $0.34 0.555%
Day's High: $62.18 Week Perf: 4.33 %
Day's Low: $ 60.74 30 Day Perf: -4.7 %
Volume (M): 1,566 52 Wk High: $ 73.97
Volume (M$): $ 96,541 52 Wk Avg: $62.32
Open: $60.74 52 Wk Low: $50.64



 Market Capitalization (Millions $) 9,686
 Shares Outstanding (Millions) 157
 Employees 743
 Revenues (TTM) (Millions $) 3,310
 Net Income (TTM) (Millions $) 292
 Cash Flow (TTM) (Millions $) -198
 Capital Exp. (TTM) (Millions $) 752

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 July 31, 2024.


   

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• View Complete Report
   



Dividend

Boston Properties, Inc. Declares $0.98 Quarterly Dividend Amidst Share Price Decline

Published Thu, Jun 13 2024 12:04 AM UTC

Boston Properties, Inc. (NYSE: BXP) has declared a regular quarterly dividend of $0.98 per share of common stock for the period April 1, 2024 to June 30, 2024. This announcement comes amidst a slight decline in share price over the past 5 trading days, with shares down -1.37% and trading 18.5% above its 52-week low. The dividend is payable on July 31, 2024 to shareholders of...

Dividend

Boston Properties Inc. Maintains Dividend Tradition Amidst Changing Landscape

Published Wed, Jun 12 2024 11:09 PM UTC

Boston Properties Inc. (BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, has recently declared its regular quarterly cash dividend of $0.98 per share of common stock for the period April 1, 2024, to June 30, 2024. This announcement follows the trend of BXP consistently rewarding its shareholders with attractive divid...

Boston Properties Inc

Boston Properties Inc. Reports Strong Earnings and Revenue Growth in Q1 2024

Boston Properties Inc. experienced a positive 4.512% increase in revenue for the fiscal first quarter of 2024, reaching $839.44 million compared to $803.20 million in the same period the previous year. Similarly, the company saw a rise in earnings per share (EPS) by 2% to $0.51 from $0.50 in the prior year's financial reporting period.
In the preceding financial reporting period, Boston Properties Inc. achieved revenue of $828.93 million and a bottom line of $0.76 per share. Net profits for the January to March 31, 2024 period increased by 0.92% to $106.604 million compared to $105.628 million in the same period a year ago. However, the net margin eased to 12.7% as the company focused on improving sales during this reporting period. On the other hand, operating earnings rose by 9.22% to $270.163 million.

Business Update

Boston Properties Inc Releases 2023 Sustainability & Impact Report, Aims for Carbon-Neutral Operations by 2025

Published Mon, Apr 22 2024 8:47 AM UTC

BXP Releases 2023 Sustainability & Impact ReportBOSTON, BXP (NYSE: BXP) - The largest publicly traded developer, owner, and manager of premier workplaces in the United States, Boston Properties Inc, has recently announced the release of its 2023 Sustainability & Impact Report. This report highlights the company's commitment to achieving carbon-neutral operations by 2025 and ...

Product Service News

Norges Bank Investment Management Acquires 45% Stake in Kendall Square Life Sciences Property from Boston Properties Inc., Easing Development Costs

Published Mon, Mar 25 2024 11:15 AM UTC

In a major development that has caught the attention of the real estate and life sciences sectors, Boston Properties Inc. (BXP) announced the completion of the sale of a 45% interest in its life sciences project located at 290 Binney Street in Kendall Square, Cambridge, Massachusetts. Norges Bank Investment Management (NBIM), a prominent investment management institution, be...






 

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   




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