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 | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | - | $3.48B | $3.41B | $3.27B | $3.11B | $2.89B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | $2.06B | $2.04B | $2.00B | $1.93B | $1.81B |
| R&D | - | - | - | - | - | - |
| SG&A | - | $168.79M | $159.98M | $170.16M | $146.38M | $151.57M |
| Total Operating Expenses | - | $2.47B | $2.39B | $2.24B | $2.05B | $1.92B |
| D&A | - | $912.09M | $887.19M | $830.81M | $749.77M | $717.34M |
| Operating Income | - | - | - | - | - | - |
| Interest Expense | - | $653.14M | $645.12M | $579.57M | $437.14M | $423.35M |
| Income Tax | - | - | - | - | - | - |
| Net Income | - | $276.80M | $14.27M | $190.22M | $848.95M | $505.19M |
| EPS - Basic | - | $1.75 | $0.09 | $1.21 | $5.42 | - |
| EPS - Diluted | - | $1.74 | $0.09 | $1.21 | $5.40 | $3.17 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $512.78M | $1.48B | $1.25B | $1.53B | $690.33M | $452.69M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $25.10B | $26.17B | $26.08B | $26.03B | $24.21B | $22.37B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | $3.30B |
| Total Liabilities | $17.38B | $18.47B | $18.14B | $17.83B | $15.84B | $14.32B |
| Stockholders' Equity | $5.15B | $5.15B | $5.41B | $5.88B | $6.13B | $5.83B |
| Retained Earnings | ($1.68B) | ($1.67B) | ($1.42B) | ($816.15M) | ($391.36M) | ($625.89M) |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $1.25B | $1.23B | $1.30B | $1.28B | $1.13B |
| Investing Cash Flow | - | ($644.53M) | ($1.24B) | ($1.19B) | ($1.60B) | ($1.04B) |
| Financing Cash Flow | - | ($378.56M) | ($274.48M) | $767.92M | $556.06M | ($1.31B) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | 59.1% | 59.9% | 61.1% | 62.1% | 62.8% |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | 7.9% | 0.4% | 5.8% | 27.3% | 17.5% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | 4.8% | 4.7% | 5.2% | 4.7% | 5.2% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | - | 1.1% | 0.1% | 0.7% | 3.5% | 2.3% |
| Return on equity | - | 5.4% | 0.3% | 3.2% | 13.8% | 8.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | 0.57 |
| Debt / Assets | - | - | - | - | - | 0.15 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 4.87 | 5.08 | 4.82 | 4.43 | 3.95 | 3.83 |
| Liabilities / Assets | 0.69 | 0.71 | 0.70 | 0.69 | 0.65 | 0.64 |
| Efficiency | ||||||
| Asset turnover | - | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 38.8x | 826.2x | 58.0x | 12.5x | 36.3x |
| P / B | - | 2.1x | 2.2x | 1.9x | 1.7x | 3.1x |
| P / S | - | 3.1x | 3.4x | 3.4x | 3.4x | 6.2x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | 2.2% | 4.1% | 5.3% | 7.6% | 4.4% |
| Revenue CAGR (3y) | - | 3.9% | 5.7% | 5.8% | 1.6% | 2.1% |
| Revenue CAGR (5y) | - | 4.7% | 2.9% | 3.8% | 3.6% | 2.5% |
| Gross profit growth (YoY) | - | 0.9% | 2.1% | 3.6% | 6.4% | 7.1% |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | - | 1839.5% | -92.5% | -77.6% | 68.0% | -42.1% |
| EPS growth (YoY) | - | 1833.3% | -92.6% | -77.6% | 70.3% | -42.8% |
| EPS CAGR (3y) | - | -31.4% | -69.5% | -39.8% | 17.8% | -5.0% |
| EPS CAGR (5y) | - | -20.7% | -51.3% | -20.0% | 13.0% | -0.6% |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 0.1% | -4.9% | -7.9% | -4.2% | 5.1% | -2.7% |
Stability scores
Piotroski F-score
FY 2026 · 9-point quality
0/9
Weak
- -Net income positive
- -Operating cash flow positive
- -ROA improved YoY
- -Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- -No share dilution
- -Gross margin improved
- -Asset turnover improved
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 |