| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | - | 209,551 | 88,608 | 327,109 |
| Total adjustments | - | 353,630 | 121,428 | 523,646 |
| Net cash provided by operating activities | 837,405 | 563,181 | 210,036 | 850,755 |
| Construction in progress | 500,537 | 278,667 | - | - |
| Building, pre-development and other capital improvements | 171,660 | 129,031 | - | - |
| Tenant improvements | 243,194 | 139,748 | - | - |
| Proceeds from sale of real estate | 21,840 | 21,840 | - | - |
| Acquisition of real estate upon consolidation of unconsolidated joint ventures (net of cash) | 0 | 0 | - | - |
| Capital contributions to unconsolidated joint ventures | 118,524 | 84,432 | - | - |
| Capital distributions from unconsolidated joint ventures | 29,211 | - | - | - |
| Investment in non-real estate investments | 2,060 | 1,430 | - | - |
| Issuance of note receivables (including related party) | 4,026 | 1,800 | - | - |
| Construction in progress-Boston Properties Limited Partnership | - | 278,667 | 138,796 | 469,948 |
| Building, pre-development and other capital improvements-Boston Properties Limited Partnership | - | 129,031 | 57,395 | 118,411 |
| Tenant improvements-Boston Properties Limited Partnership | - | 139,748 | 60,338 | 178,835 |
| Proceeds from sale of real estate-Boston Properties Limited Partnership | - | 21,840 | - | 517 |
| Acquisition of real estate upon consolidation of unconsolidated joint ventures (net of cash)-Boston Properties Limited Partnership | - | 0 | 0 | -6,086 |
| Capital contributions to unconsolidated joint ventures-Boston Properties Limited Partnership | - | 84,432 | 52,611 | 87,498 |
| Capital distributions from unconsolidated joint ventures | - | - | - | 0 |
| Investment in non-real estate investments-Boston Properties Limited Partnership | - | 1,430 | 434 | 1,500 |
| Issuance of note receivables (including related party)-Boston Properties Limited Partnership | - | 1,800 | 600 | 2,223 |
| Investments in securities, net | - | - | -1,031 | -1,025 |
| Net cash used in investing activities | - | -612,404 | -309,143 | -850,787 |
| Investments in securities, net | -722 | - | - | - |
| Proceeds from sale of interest in property partnerships and contributions from noncontrolling interests in property partnerships | - | - | 5,150 | 306,147 |
| Net cash used in investing activities | -988,228 | - | - | - |
| Repayments of mortgage notes payable | 3,195 | - | 1,122 | 3,461 |
| Proceeds from unsecured senior notes | 0 | - | - | 849,671 |
| Redemption of unsecured senior notes | 850,000 | - | 850,000 | 700,000 |
| Proceeds from convertible debt | 1,000,000 | - | - | - |
| Borrowings on unsecured line of credit | 865,000 | - | 360,000 | - |
| Repayments of unsecured line of credit | 865,000 | - | 60,000 | - |
| Borrowings on unsecured term loans | 700,000 | - | 700,000 | 0 |
| Repayment of unsecured term loan | 700,000 | - | - | - |
| Finance lease, principal payments | 10,174 | - | 3,344 | 9,250 |
| Proceeds from issuance of commercial paper | 5,681,892 | - | - | - |
| Repayments of commercial paper | 5,431,892 | - | - | - |
| Deferred financing costs | 37,145 | - | 14,102 | 10,892 |
| Capped call transactions premium | 35,000 | - | - | - |
| Net activity from equity transactions | -433 | - | -821 | -1,728 |
| Dividends and distributions | 519,720 | - | 173,118 | 517,361 |
| Proceeds from sale of interest in property partnerships and contributions from noncontrolling interests in property partnerships-Cash | - | - | 5,150 | 304,323 |
| Proceeds from sale of interest in property partnerships and contributions from noncontrolling interests in property partnerships | 67,179 | - | - | - |
| Distributions to noncontrolling interests in property partnerships | 63,552 | - | 19,525 | 52,353 |
| Repayments of mortgage notes payable | - | 2,152 | 1,122 | 3,461 |
| Proceeds from unsecured senior notes-Boston Properties Limited Partnership | - | - | - | 849,671 |
| Redemption of unsecured senior notes | - | 850,000 | 850,000 | 700,000 |
| Borrowings on unsecured line of credit | - | 520,000 | 360,000 | - |
| Repayments of unsecured line of credit | - | 335,000 | 60,000 | - |
| Borrowings on unsecured term loans | - | 700,000 | 700,000 | 0 |
| Repayment of unsecured term loan | - | 700,000 | - | - |
| Finance lease, principal payments | - | 6,735 | 3,344 | -9,250 |
| Proceeds from issuance of commercial paper | - | 3,997,365 | - | - |
| Repayments of commercial paper | - | 3,747,365 | - | - |
| Deferred financing costs | - | 14,478 | 14,102 | 10,892 |
| Net activity from equity transactions | - | -938 | -821 | -1,728 |
| Dividends and distributions | - | 346,418 | 173,118 | 517,361 |
| Proceeds from sale of interest in property partnerships and contributions from noncontrolling interests in property partnerships-Cash | - | 65,591 | 5,150 | 304,323 |
| Distributions to noncontrolling interests in property partnerships | - | 38,002 | 19,525 | 52,353 |
| Acquisition of noncontrolling interests in property partnerships | -43,604 | - | - | - |
| Net cash used in financing activities | -245,644 | -758,132 | -756,882 | -141,051 |
| Net increase (decrease) in cash and cash equivalents and cash held in escrows | -396,467 | -807,355 | -855,989 | -141,083 |
| Cash and cash equivalents at beginning of period | 1,335,196 | 1,335,196 | 1,335,196 | 1,612,567 |
| Cash and cash equivalents at end of period | 938,729 | 527,841 | 479,207 | 1,471,484 |
BXP, Inc. (BXP)
BXP, Inc. (BXP)