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

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 9.0   Dividend Section Rating

Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 6.9
10 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 5.8
9 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 7.0
9.0 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 6.8

 7.2   Leverage Section Rating

Rating Leverage Section Avg. Rating
6 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.6
6 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
7.2 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.5

 8.5   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
9 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
8 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
8.5 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2

 8.2   Overall REITRating™ Score


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

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Hightlights of Trading Day August 16, 2019


Open Price: $127.47
Closing Price: $127.09
Price Change: 1.47 (1.17%)
Lowest Price: $126.67
Highest Price: $128.76

52-Week Low: $107.84
52-Week High: $140.35
52-Week Change: -3.45%

5 Day Price Change: -1.74%
1 Month Price Change: -3.30%
3 Month Price Change: -5.66%
6 Month Price Change: -5.59%
YTD Price Change: 16.44%
1 Year Price Change: -3.45%
2 Year Price Change: 8.30%
5 Year Price Change: 12.73%

Dividend of Trading Day August 16, 2019


Dividend Yield: 2.99%*
Annualized Dividend: $3.8*
Dividend Yield (TTM):
Annualized Dividend (TTM): $3.8
Ex Dividend Date: 2019-06-27
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.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day August 16, 2019


Total Cash: $639,191,000
Current Debt: $19,670,000
Revenue: $2,715,211,000
Gross Profit: $1,046,958,000
Total Revenue: $2,715,211,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,569,281,000
Revenue Per Share: $18
Revenue Per Employee: $3,572,646
Employee: 760
Debt to Equity Ratio (D/E): 1.87
Profit Margin: 0.21%
Enterprise Value (EV): $30,012,613,120
Enterprise Value to Revenue (EV/R): 11.05
Price to Sales (P/S): 7.23
Price to Book (P/B): 3.37
Peg Ratio: 0.77
P/E Ratio: 37.16
P/E High: 48.14
P/E Low: 36.99
Forward P/E Ratio: 39.94
Market Capitalization: $19,644,047,120
Beta: 0.63
Latest Volume: 567,428.00
Avg. Total Volume: 618,500
Avg. 10 Volume: 689,029.80
Avg. 30 Volume: 618,500.47
TTM EPS: 3.42
TTM Dividend Rate: 3.80
Shares Outstanding: 154,568,000
Float: 154,301,679.34
50-Day Moving Avg.: 131.60
200-Day Moving Avg.: 129.38

Latest REIT Community Comments on #BXP


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Properties Owned by BXP


Properties owned:
197
Types:
4
States:
4
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
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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.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 0 432,298,000 639,191,000 423,784,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 970,246,000 1,008,632,000 984,507,000 956,807,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 1,717,950,000 2,090,313,000 1,694,563,000 1,729,262,000
Net Tangible Assets 5,715,853,000 5,836,618,000 5,883,171,000 5,876,566,000
Total Assets 21,268,275,000 20,501,604,000 20,256,477,000 20,137,498,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,029,121,000 1,152,636,000 1,034,752,000 1,041,822,000
Current Liabilities (Other) 165,419,000 165,352,000 165,114,000 165,118,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 4,401,000 19,670,000 0
Long-term Debt 12,218,487,000 11,174,280,000 10,988,087,000 10,889,702,000
Total Liabilities 13,247,608,000 12,331,317,000 12,042,509,000 11,931,524,000
Minority Interest 36,518,000 30,429,000 34,087,000 28,702,000
Common Stock 1,546,000 1,545,000 1,545,000 1,544,000
Retained Earnings -710,592,000 -728,083,000 -675,534,000 -677,312,000
Treasury Stock 2,722,000 2,722,000 2,722,000 2,722,000
Capital Surplus 6,278,961,000 6,414,612,000 6,407,623,000 6,400,193,000
Shareholder Equity 5,715,853,000 5,836,618,000 5,883,171,000 5,876,566,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 734,906,000 728,736,000 701,838,000 684,843,000
Cost of Revenue 446,865,000 433,369,000 428,922,000 414,813,000
Gross Profit 288,041,000 295,367,000 272,916,000 270,030,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 481,936,000 475,131,000 456,605,000 444,490,000
Operating Income 252,553,000 253,145,000 245,038,000 239,439,000
Income Expense Net (Other) -49,092,000 -121,986,000 -59,797,000 -88,994,000
EBIT 252,553,000 253,145,000 245,038,000 239,439,000
Interest Income 102,357,000 101,009,000 100,378,000 95,366,000
Pretax Income 203,461,000 131,159,000 185,241,000 150,445,000
Income Tax 0 0 0 0
Minority Interest 36,518,000 30,429,000 34,087,000 28,702,000
Net Income 166,943,000 100,730,000 151,140,000 121,743,000
Net Income Basic 164,318,000 98,105,000 148,515,000 119,118,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 166,943,000 100,730,000 151,140,000 121,743,000
Depreciation 0 164,594,000 165,439,000 157,996,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 0 -206,893,000 215,407,000 -303,276,000
Cash Flow 0 207,234,000 379,618,000 209,781,000
Capital Expenditures 0 -172,593,000 -293,788,000 -239,531,000
Investments 0 -46,535,000 257,602,000 -205,119,000
Investing Activity (Other) 0 0 -33,070,000 -80,000,000
Total Investing Cash Flows 0 -219,128,000 -69,256,000 -524,650,000
Dividends Paid 0 -166,362,000 -166,364,000 -140,510,000
Net Borrowings 6,301,000 -6,301,000 113,484,000 164,515,000
Cash Flow Financing 6,301,000 -194,999,000 -94,955,000 11,593,000
Financing Cash Flows (Other) 0 -24,128,000 -41,678,000 -12,763,000
Exchange Rate Effect 0 0 0 0

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.

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