Boston Properties

Symbol: BXP
CIK: 1037540
Exchange: NYSE
Founded: 1970 (49 years)
HQ: Boston, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Office, Residential, Hotel, Retail, Diversified

See BXP on Google Finance
See BXP on Yahoo Finance
See BXP on SEC.gov

Website Logo  Linkedin Logo  Wikipedia Logo 


Boston Properties Company Logo


Rating Dividend Section - Analysis Description Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last 3 years. 4.9
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.1
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 5.4
10 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 4.5
9 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 5.6
9.0 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 4.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

See in Advanced Graph View

Hightlights of Previous Trading Day 2019-04-24


Closing Price: $135.94
Price Change: 1.15 (0.853%)
Lowest Price: $134.83
Highest Price: $136.36

52-Week Low: $107.84
52-Week High: $139.41

5 Day Price Change: 3.15%
1 Month Price Change: 3.03%
3 Month Price Change: 12.68%
1 Year Price Change: 15.92%
2 Year Price Change: 5.82%
5 Year Price Change: 36.20%

See historical stock prices for BXP

Dividend of Previous Trading Day 2019-04-24

See complete list of dividend paymemts for BXP

Dividend Yield: 2.819%*
Annualized Dividend: $3.8*
Ex Dividend Date: 2019-03-28
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Funds From Operations (FFO)


Dividend to FFO & Payout Ratio
REITNotes' Dividend to FFO Payout Ratio graph is based on the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter.
FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.

Stock Price to FFO & Multiples (TTM)
REITNotes' Price to FFO (P/FFO) Multiples graph is calculated by dividing the REIT’s closing stock price for the day by the Trailing Twelve Month (TTM) Funds from Operations (FFO). For some REITs we also display the Price-to-Adjusted Funds From Operations (P/AFFO), Price-to-Core FFO (P/CFFO), Price-to-Normalized FFO (P/NFFO), Price-to-Modified FFO (P/MFFO), Price-to-Operating (P/FFO), depending on the data provided in the REIT’s Quarterly Earning Reports.

As you may be familiar with, the price-to-earnings ratio (P/E ratio) is a useful tool for investors to gauge the market's valuation of a company’s stock price. The price-to-FFO ratio (or multiple) is a comparable measure used in the REIT industry that compares the REIT’s stock price to its FFO per share instead of its earnings per share (EPS).

Key Stats of Previous Trading Day 2019-04-24


52-Week Low: $107.84
52-Week High: $139.41 [Compare]
P/E Ratio: 21.58 [Compare]
P/E Ratio High: 51.80 [Compare]
P/E Ratio Low: 20.50 [Compare]
Market Cap: $21,004,835,167 [Compare]
Shares Outstanding: 154,515,486 [Compare]
Float: 153,042,089 [Compare]
Latest Volume: 412,341 [Compare]
Avg. Total Volume: 760,882 [Compare]
Beta: 0.92 [Compare]
Return On Equity (ROE): 10.35% [Compare]
Return On Assets (ROA): 2.95% [Compare]
Number Of Estimates: 9.0
Revenue Per Share: N/A [Compare]
Revenue Per Employee: N/A [Compare]
Profit Margin: 19.98%
Price To Sales: 10.16 [Compare]
Price To Book: 3.620 [Compare]
Short Ratio: 2.600 [Compare]
Latest EPS Date: 2018-12-31
Consensus EPS: 1.660
TTM EPS: 6.300
50-Day Moving Avg.: $133.67
200-Day Moving Avg.: $124.85
Held by Insiders: N/A
Held by Institution: 150.70%*

*Percentage held by top 15 institutions.

Fundamental Ratios of Previous Quarter Results 2018-12-31


Book Value per Share: *Please Login [Compare]
Current Ratio: *Please Login [Compare]
Debt to Equity Ratio: *Please Login [Compare]
Dividend Yield: *Please Login
Dividends per Basic Common Share: *Please Login [Compare]
Earning Before Interest & Taxes (EBIT): *Please Login [Compare]
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): *Please Login [Compare]
Earnings Before Tax: *Please Login [Compare]
EBITDA Margin: *Please Login [Compare]
Enterprise Value: *Please Login [Compare]
Enterprise Value / EBIT: *Please Login [Compare]
Enterprise Value / EBITDA: *Please Login [Compare]
Free Cash Flow: *Please Login [Compare]
Free Cash Flow per Share: *Please Login [Compare]
Gross Margin: *Please Login [Compare]
Gross Profit: *Please Login [Compare]
Invested Capital: *Please Login [Compare]
Market Capitalization: *Please Login
Operating Income: *Please Login [Compare]
Payout Ratio (EPS): *Please Login [Compare]
Price Earnings (Damodaran Method): *Please Login
Price Sales (Damodaran Method): *Please Login
Price to Book Value: *Please Login
Price to Earnings Ratio: *Please Login
Price to Sales Ratio: *Please Login
Profit Margin: *Please Login [Compare]
Sales per Share: *Please Login [Compare]
Share Price (Adjusted Close): *Please Login
Shares (Basic): *Please Login
Tangible Asset Value: *Please Login [Compare]
Tangible Assets Book Value per Share: *Please Login [Compare]
Working Capital: *Please Login

Properties Owned by BXP


Properties owned:
186
Types:
1
States:
7
Counties:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
BXP Sample Property
Website Logo See list of properties owned by BXP
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by BXP, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience. See complete list of dividend payments for BXP.


Symbol Quarter Ex Date Cash Amount Change in Dividend

Login to see Dividend History Locked, Login to see more

Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2018-12-31 2018-09-30 2018-06-30 2018-03-31
Total Assets 20,256,477,000.00 20,137,498,000.00 19,961,163,000.00 19,583,939,000.00
Cash and Equivalents 639,191,000.00 423,784,000.00 727,060,000.00 455,129,000.00
Investments 1,003,975,000.00 956,807,000.00 712,570,000.00 696,071,000.00
Investments Current 0.00 0.00 0.00 0.00
Investments Non-Current 0.00 0.00 0.00 0.00
Deferred Revenue 0.00 0.00 0.00 0.00
Deposit Liabilities 0.00 0.00 0.00 0.00
Property, Plant & Equipment Net 16,752,119,000.00 16,849,143,000.00 16,780,930,000.00 16,641,806,000.00
Inventory 0.00 0.00 0.00 0.00
Tax Assets 0.00 0.00 0.00 0.00
Trade and Non-Trade Receivables 166,629,000.00 178,502,000.00 63,660,000.00 73,401,000.00
Trade and Non-Trade Payables 276,645,000.00 408,271,000.00 423,911,000.00 451,178,000.00
Goodwill and Intangible Assets 0.00 0.00 0.00 0.00
Total Liabilities 12,042,509,000.00 11,931,524,000.00 11,747,921,000.00 11,399,849,000.00
Shareholders Equity 5,883,171,000.00 5,876,566,000.00 5,892,840,000.00 5,879,028,000.00
Accumulated Retained Earnings (Deficit) -675,534,000.00 -677,312,000.00 -649,747,000.00 -654,879,000.00
Accumulated Other Comprehensive Income -47,741,000.00 -45,137,000.00 -47,695,000.00 -49,062,000.00
Current Assets 0.00 0.00 0.00 0.00
Assets Non-Current 0.00 0.00 0.00 0.00
Current Liabilities 0.00 0.00 0.00 0.00
Liabilities Non-Current 0.00 0.00 0.00 0.00
Tax Liabilities 0.00 0.00 0.00 0.00
Total Debt 11,007,757,000.00 10,889,702,000.00 10,721,878,000.00 10,339,313,000.00
Debt Current 0.00 0.00 0.00 0.00
Debt Non-Current 0.00 0.00 0.00 0.00

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2018-12-31 2018-09-30 2018-06-30 2018-03-31
Revenues 705,157,000.00 686,284,000.00 664,484,000.00 661,151,000.00
Cost of Revenue 261,264,000.00 256,817,000.00 246,531,000.00 248,402,000.00
Selling, General and Administrative Expense 29,902,000.00 32,193,000.00 30,438,000.00 38,779,000.00
Research and Development Expense 0.00 0.00 0.00 0.00
Operating Expenses 195,536,000.00 191,103,000.00 187,329,000.00 204,597,000.00
Interest Expense 100,378,000.00 95,366,000.00 92,204,000.00 90,220,000.00
Income Tax Expense 0.00 0.00 0.00 0.00
Net Income from Discontinued Operations 0.00 0.00 0.00 0.00
Consolidated Income 185,241,000.00 150,445,000.00 160,565,000.00 216,312,000.00
Net Income to Non-Controlling Interests 34,104,000.00 28,702,000.00 29,259,000.00 37,666,000.00
Net Income 151,137,000.00 121,743,000.00 131,306,000.00 178,646,000.00
Preferred Dividends Income Statement Impact 2,625,000.00 2,625,000.00 2,625,000.00 2,625,000.00
Net Income Common Stock 151,137,000.00 121,743,000.00 131,306,000.00 178,646,000.00
Earnings per Basic Share 0.97 0.77 0.83 1.14
Earnings per Diluted Share 0.96 0.77 0.83 1.14
Weighted Average Shares 154,466,000.00 154,440,000.00 154,415,000.00 154,385,000.00
Weighted Average Shares Diluted 154,772,000.00 154,678,000.00 154,571,000.00 154,705,000.00

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2018-12-31 2018-09-30 2018-06-30 2018-03-31
Capital Expenditure -293,788,000.00 -239,531,000.00 -310,510,000.00 -250,767,000.00
Net Cash Flow - Business Acquisitions and Disposals -31,642,000.00 -328,825,000.00 -16,427,000.00 -48,823,000.00
Net Cash Flow - Investment Acquisitions and Disposals -141,000.00 -238,000.00 -205,000.00 -318,000.00
Net Cash Flow from Financing -85,402,000.00 21,209,000.00 238,876,000.00 -92,230,000.00
Issuance (Repayment) of Debt Securities 105,610,000.00 164,515,000.00 380,628,000.00 64,220,000.00
Issuance (Purchase) of Equity Shares -397,000.00 351,000.00 39,000.00 -723,000.00
Payment of Dividends & Other Cash Distributions -166,364,000.00 -140,510,000.00 -140,466,000.00 -140,288,000.00
Net Cash Flow from Investing -78,809,000.00 -534,266,000.00 -302,013,000.00 -183,788,000.00
Net Cash Flow from Operations 379,618,000.00 209,781,000.00 335,068,000.00 225,778,000.00
Effect of Exchange Rate Changes on Cash 0.00 0.00 0.00 0.00
Net Cash Flow / Change in Cash & Cash Equivalents 215,407,000.00 -303,276,000.00 -162,836,000.00 -50,240,000.00
Share Based Compensation 8,417,000.00 8,457,000.00 8,471,000.00 14,772,000.00
Depreciation, Amortization & Accretion 165,439,000.00 157,996,000.00 156,417,000.00 165,797,000.00

About Boston Properties


Boston Properties, Inc. a self-administered and self-managed real estate investment trust (REIT), is one of the largest owners, managers, and developers of first-class office properties in the United States, with significant presence in five markets: Boston, Los Angeles, New York, San Francisco and Washington, DC.

Related REITs


REIT Exchange Market Capitalization Sector Country
Taubman Centers, Inc. (TCO) NYSE Mid-Cap Retail United States
Vornado Realty Trust (VNO) NYSE Large-Cap Diversified Residential Office United States
CBL & Associates Properties, Inc. (CBL) NYSE Small-Cap Retail United States
Digital Realty Trust (DLR) NYSE Large-Cap Data Centers United States

Member Opinions on Boston Properties *Login to write an opinion


Which stock would you buy / sell / hold?

-or-

I would

I believe the stock is

I am



Please explain why:

by @
Please become familiar with our Community Terms of Use before posting.

Be the first to write an opinion! Login