Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 800 Boylston St Ste 1900 BOSTON MA 02199-8101 |
Tel: | N/A |
Website: | https://www.bxp.com |
IR: | See website |
Key People | ||
Owen D. Thomas Chairman of the Board, Chief Executive Officer | John Jake Stroman Executive Vice President, Co-Head of the Washington, DC Region | Douglas T. Linde President, Director |
Michael E. Labelle Chief Financial Officer, Executive Vice President, Treasurer | Donna D. Gareschae Chief Human Resource Officer, Executive Vice President | Bryan J. Koop Executive Vice President - Boston Region |
Peter V. Otteni Executive Vice President, Co-Head of the Washington, DC Region | Robert E. Pester Executive Vice President - San Francisco Region | Raymond A. Ritchey Senior Executive Vice President | Hilary J. Spann Executive Vice President, Head of the New York Region |
Business Overview |
Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) in the United States. The Company develops, owns and manages primarily workplaces. The Company's segments by geographic area include Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC. The Company's segments by property type include Premier Workplace, which includes office, life sciences and retail; Residential, and Hotel. It owns a portfolio of approximately 187 commercial real estate properties, aggregating approximately 53.3 million net rentable square feet, including 10 properties under construction/redevelopment. The Company's properties consisted of approximately 166 office and life sciences properties, including six properties under construction/redevelopment; 14 retail properties, including two properties under construction/redevelopment; six residential properties, including one property under construction, and one hotel. |
Financial Overview |
For the fiscal year ended 31 December 2023, Boston Properties, Inc. revenues increased 5% to $3.27B. Net income applicable to common stockholders decreased 78% to $190.2M. Revenues reflect Premier Workplace segment increase of 5% to $3.12B, Boston segment increase of 9% to $1.16B. Net income was offset by Net Operating Income (NOI)-Washington decrease of 6% to $230.8M, Gains on sales of real estate decrease of 100% to $517K (income). |
Employees: | 836 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $24,658M as of Dec 31, 2023 |
Annual revenue (TTM): | $3,274M as of Dec 31, 2023 |
EBITDA (TTM): | $1,869M as of Dec 31, 2023 |
Net annual income (TTM): | $190.22M as of Dec 31, 2023 |
Free cash flow (TTM): | -$407.76M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $14,743M as of Dec 31, 2023 |
Shares outstanding: | 157,010,980 as of Feb 20, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |