BXP · Boston Properties Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | $871.51M | $868.46M | $865.22M | - | $859.23M | $850.48M | $839.44M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | $517.01M | $514.08M | $511.80M | - | $511.08M | $508.72M | $508.82M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | $36.19M | $42.52M | $52.28M | - | $33.35M | $44.11M | $50.02M | - |
| Total Operating Expenses | - | - | $618.95M | $612.22M | $616.80M | - | $597.81M | $599.25M | $593.71M | - |
| D&A | - | - | $236.15M | $223.82M | $220.11M | - | $222.89M | $219.54M | $218.72M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | $164.30M | $162.78M | $163.44M | - | $163.19M | $149.64M | $161.89M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | - | - | ($121.71M) | $88.98M | $61.18M | - | $83.63M | $79.61M | $79.88M | - |
| EPS - Basic | - | - | ($0.77) | $0.56 | $0.39 | - | $0.53 | $0.51 | $0.51 | - |
| EPS - Diluted | - | - | ($0.77) | $0.56 | $0.39 | - | $0.53 | $0.51 | $0.51 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $512.78M | $1.48B | $861.07M | $446.95M | $398.13M | $1.25B | $1.42B | $685.38M | $701.70M | $1.53B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $25.10B | $26.17B | $26.00B | $25.62B | $25.44B | $26.08B | $26.41B | $25.47B | $25.53B | $26.03B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $17.38B | $18.47B | $18.48B | $17.77B | $17.58B | $18.14B | $18.12B | $17.18B | $17.24B | $17.83B |
| Stockholders' Equity | $5.15B | $5.15B | $5.00B | $5.26B | $5.32B | $5.41B | $5.76B | $5.80B | $5.86B | $5.88B |
| Retained Earnings | ($1.68B) | ($1.67B) | ($1.81B) | ($1.58B) | ($1.51B) | ($1.42B) | ($1.04B) | ($964.52M) | ($890.18M) | ($816.15M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | $210.04M | - | - | - | $197.59M | - |
| Investing Cash Flow | - | - | - | - | ($309.14M) | - | - | - | ($286.62M) | - |
| Financing Cash Flow | - | - | - | - | ($756.88M) | - | - | - | ($756.91M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | 59.3% | 59.2% | 59.2% | - | 59.5% | 59.8% | 60.6% | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | -14.0% | 10.2% | 7.1% | - | 9.7% | 9.4% | 9.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | 4.2% | 4.9% | 6.0% | - | 3.9% | 5.2% | 6.0% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | - | -0.5% | 0.3% | 0.2% | - | 0.3% | 0.3% | 0.3% | - |
| Return on equity | - | - | -2.4% | 1.7% | 1.1% | - | 1.5% | 1.4% | 1.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.87 | 5.08 | 5.20 | 4.87 | 4.78 | 4.82 | 4.58 | 4.39 | 4.36 | 4.43 |
| Liabilities / Assets | 0.69 | 0.71 | 0.71 | 0.69 | 0.69 | 0.70 | 0.69 | 0.67 | 0.68 | 0.69 |
| Efficiency | ||||||||||
| Asset turnover | - | - | 0.03 | 0.03 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 120.5x | 172.3x | - | 151.8x | 120.7x | 128.1x | - |
| P / B | - | - | 2.4x | 2.0x | 2.0x | - | 2.2x | 1.7x | 1.8x | - |
| P / S | - | - | 13.5x | 12.3x | 12.3x | - | 14.8x | 11.4x | 12.2x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | 1.4% | 2.1% | 3.1% | - | 4.2% | 4.1% | 4.5% | - |
| Revenue CAGR (3y) | - | - | 3.3% | 3.9% | 4.7% | - | 5.6% | 6.0% | 5.6% | - |
| Revenue CAGR (5y) | - | - | 4.7% | 5.8% | 2.8% | - | 2.9% | 3.0% | 3.0% | - |
| Gross profit growth (YoY) | - | - | 1.2% | 1.1% | 0.6% | - | 1.8% | 1.0% | 3.6% | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | - | 11.8% | -23.4% | - | - | -23.7% | 2.6% | - |
| EPS growth (YoY) | - | - | - | 9.8% | -23.5% | - | - | -22.7% | 2.0% | - |
| EPS CAGR (3y) | - | - | - | -26.7% | -24.6% | - | -8.4% | -10.4% | -4.7% | - |
| EPS CAGR (5y) | - | - | - | -20.0% | -34.4% | - | -5.4% | -13.6% | -4.1% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -3.2% | -4.9% | -13.2% | -9.4% | -9.2% | -7.9% | -0.5% | -3.9% | -3.4% | -4.2% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing BOSTON PROPERTIES INC against the 5 most active filers in the same SIC group.
Dividends
$3.08/share trailing 12 months · -21.4% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.7000 |
| Dec 31, 2025 | $0.7000 |
| Sep 30, 2025 | $0.7000 |
| Jun 30, 2025 | $0.9800 |
| Mar 31, 2025 | $0.9800 |
| Dec 31, 2024 | $0.9800 |
| Sep 30, 2024 | $0.9800 |
| Jun 28, 2024 | $0.9800 |
| Mar 27, 2024 | $0.9800 |
| Dec 28, 2023 | $0.9800 |
| Sep 28, 2023 | $0.9800 |
| Jun 29, 2023 | $0.9800 |
| Mar 30, 2023 | $0.9800 |
| Dec 29, 2022 | $0.9800 |
| Sep 29, 2022 | $0.9800 |
| Jun 29, 2022 | $0.9800 |
| Mar 30, 2022 | $0.9800 |
| Dec 30, 2021 | $0.9800 |
| Sep 29, 2021 | $0.9800 |
| Jun 29, 2021 | $0.9800 |
| Mar 30, 2021 | $0.9800 |
| Dec 30, 2020 | $0.9800 |
| Sep 29, 2020 | $0.9800 |
| Jun 29, 2020 | $0.9800 |