| Address:
|
800 BOYLSTON STREET
SUITE 1900 |
| City: |
BOSTON |
|
State: |
MA |
|
Zip Code: |
02199 |
| Telephone: |
617-236-3300 |
|
Description of Business
|
Primary SIC Code:
6798 |
| (As filed with the SEC)
|
|
|
As used herein, the terms "we," "us," "our" and the "Company" refer to Boston
Properties, Inc., a Delaware corporation organized in 1997, individually or
together with its subsidiaries, including Boston Properties Limited Partnership,
a Delaware limited partnership, and our predecessors. We are a fully integrated,
self-administered and self-managed real estate investment trust, or "REIT," and
one of the largest owners and developers of office properties in the United
States.
Our properties are concentrated in five markets-Boston, Washington, DC, midtown
Manhattan, San Francisco and Princeton, NJ. We conduct substantially all of our
business through our subsidiary, Boston Properties Limited Partnership. At
December 31, 2009, we owned or had interests in 146 properties, totaling
approximately 37.7 million net rentable square feet and structured parking for
vehicles containing approximately 12.8 million square feet. Our properties
consisted of:
. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | 1.67 | 0.500 | 42.72 | | 03/2010 | 1.77 | 0.500 | 42.62 | | 12/2009 | 1.76 | 0.500 | 38.11 | | 09/2009 | 0.74 | 0.500 | 88.58 | | 06/2009 | 0.62 | 0.500 | 76.94 | | 03/2009 | 0.70 | 0.680 | 50.04 | | 12/2008 | 1.03 | 0.680 | 53.40 | | 09/2008 | 2.49 | 0.680 | 37.61 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.05 | Total Liab/Total Assets | 0.64 | | Net Inc/Total Assets | 0.02 | Total Liab/Inv Cap | 0.64 | | Net Inc/Inv Cap | 0.02 | Total Liab/Comm Equity | 1.79 | | Pretax Inc/Net Sales | -0.04 | Interest Coverage Ratio | 0.83 | | Net Inc/Net Sales | 0.15 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.41 | LTD/Equity | 1.51 | | SG&A/NetSales | 0.07 | Total Debt/Equity | 1.51 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 2.74 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.17 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
395.96
|
379.78
|
377.91
|
377.30
|
|
Cost of Goods Sold
|
129.37
|
130.25
|
131.91
|
134.44
|
|
Selling & Admin Exps
|
17.65
|
19.62
|
19.51
|
19.99
|
|
Operating Income
|
261.54
|
52.83
|
59.71
|
-88.54
|
|
Interest Exp
|
96.76
|
92.03
|
88.18
|
77.09
|
|
Pretax Income
|
167.19
|
-35.52
|
-24.10
|
-160.41
|
|
Other Income
|
-3.64
|
1.51
|
4.37
|
5.21
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
61.42
|
52.71
|
53.41
|
65.79
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
1,728.83
|
1,241.24
|
1,470.80
|
802.79
|
|
Receivables - Total
|
769.66
|
749.03
|
726.36
|
695.55
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
9,175.77
|
9,112.76
|
9,065.88
|
9,020.21
|
|
Total Assets
|
12,787.70
|
12,251.34
|
12,348.70
|
11,631.78
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
338.39
|
339.56
|
376.68
|
359.18
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
7,229.30
|
6,674.90
|
6,719.77
|
6,008.99
|
|
Total Liabilities
|
8,288.67
|
7,758.45
|
7,847.05
|
7,181.19
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
625.56
|
628.24
|
623.06
|
681.83
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
1.39
|
1.39
|
1.39
|
1.39
|
|
Retained Earnings
|
70.43
|
78.65
|
95.43
|
111.46
|
|
Treasury Stock
|
-2.72
|
-2.72
|
-2.72
|
-2.72
|
|
Total Stockholders' Equity
|
4,443.38
|
4,437.24
|
4,446.00
|
4,450.59
|
|
Total Liabilities and Stockholders' Equity
|
12,732.05
|
12,195.69
|
12,293.05
|
11,631.78
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
150.41
|
60.09
|
169.46
|
130.98
|
|
Net Cash Provided by Investing Activities
|
-132.62
|
-152.95
|
-118.32
|
-129.32
|
|
Net Cash Provided by Financing Activities
|
465.27
|
-135.69
|
615.68
|
-38.80
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 1,437.64 | 438.29 | 3.46 | | 12/2006 | 1,477.59 | 873.64 | 7.46 | | 12/2007 | 1,482.29 | 1,324.69 | 9.06 | | 12/2008 | 1,488.40 | 125.23 | 1.03 | | 12/2009 | 1,522.25 | 231.01 | 1.76 | | Growth Rates | 1.44 | -14.79 | -15.55 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 407 | 141,031 | -- |
|
Report Date :
8/30/2010
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