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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.21
BXP's Cash to Debt is ranked higher than
82% of the 582 Companies
in the Global REIT - Office industry.

( Industry Median: 0.06 vs. BXP: 0.21 )
BXP' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.21

Equity to Asset 0.29
BXP's Equity to Asset is ranked higher than
52% of the 590 Companies
in the Global REIT - Office industry.

( Industry Median: 0.49 vs. BXP: 0.29 )
BXP' s 10-Year Equity to Asset Range
Min: 0.11   Max: 0.36
Current: 0.29

0.11
0.36
Interest Coverage 1.52
BXP's Interest Coverage is ranked higher than
61% of the 509 Companies
in the Global REIT - Office industry.

( Industry Median: 2.37 vs. BXP: 1.52 )
BXP' s 10-Year Interest Coverage Range
Min: 0.48   Max: 9999.99
Current: 1.52

0.48
9999.99
F-Score: 7
Z-Score: 1.02
M-Score: -3.42
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 31.75
BXP's Operating margin (%) is ranked higher than
65% of the 611 Companies
in the Global REIT - Office industry.

( Industry Median: 39.87 vs. BXP: 31.75 )
BXP' s 10-Year Operating margin (%) Range
Min: 15.87   Max: 39.37
Current: 31.75

15.87
39.37
Net-margin (%) 35.11
BXP's Net-margin (%) is ranked higher than
73% of the 612 Companies
in the Global REIT - Office industry.

( Industry Median: 33.54 vs. BXP: 35.11 )
BXP' s 10-Year Net-margin (%) Range
Min: 7.07   Max: 89.37
Current: 35.11

7.07
89.37
ROE (%) 13.06
BXP's ROE (%) is ranked higher than
92% of the 598 Companies
in the Global REIT - Office industry.

( Industry Median: 6.45 vs. BXP: 13.06 )
BXP' s 10-Year ROE (%) Range
Min: 2.85   Max: 36.11
Current: 13.06

2.85
36.11
ROA (%) 3.72
BXP's ROA (%) is ranked higher than
76% of the 602 Companies
in the Global REIT - Office industry.

( Industry Median: 3.17 vs. BXP: 3.72 )
BXP' s 10-Year ROA (%) Range
Min: 0.96   Max: 11.84
Current: 3.72

0.96
11.84
ROC (Joel Greenblatt) (%) 4.29
BXP's ROC (Joel Greenblatt) (%) is ranked higher than
66% of the 500 Companies
in the Global REIT - Office industry.

( Industry Median: 5.42 vs. BXP: 4.29 )
BXP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 2.91   Max: 6.01
Current: 4.29

2.91
6.01
Revenue Growth (%) 8.10
BXP's Revenue Growth (%) is ranked higher than
92% of the 499 Companies
in the Global REIT - Office industry.

( Industry Median: 0.80 vs. BXP: 8.10 )
BXP' s 10-Year Revenue Growth (%) Range
Min: -3.4   Max: 18.3
Current: 8.1

-3.4
18.3
EBITDA Growth (%) 20.40
BXP's EBITDA Growth (%) is ranked higher than
92% of the 449 Companies
in the Global REIT - Office industry.

( Industry Median: 2.30 vs. BXP: 20.40 )
BXP' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 35.5
Current: 20.4

0
35.5
EPS Growth (%) 53.50
BXP's EPS Growth (%) is ranked higher than
97% of the 355 Companies
in the Global REIT - Office industry.

( Industry Median: 0.30 vs. BXP: 53.50 )
BXP' s 10-Year EPS Growth (%) Range
Min: -50.2   Max: 60
Current: 53.5

-50.2
60
» BXP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

BXP Guru Trades in Q2 2013

Ron Baron 7,200 sh (New)
Ken Heebner 225,000 sh (New)
Chris Davis 488,064 sh (+144.31%)
Jeremy Grantham 42,865 sh (+0.23%)
Manning & Napier Advisors, Inc 127,870 sh (unchged)
Jim Simons Sold Out
Scott Black Sold Out
Pioneer Investments 77,600 sh (-2.02%)
Ray Dalio 8,215 sh (-92.59%)
» More
Q3 2013

BXP Guru Trades in Q3 2013

Murray Stahl 3,483 sh (New)
Ron Baron 11,000 sh (+52.78%)
Ken Heebner Sold Out
Ray Dalio Sold Out
Pioneer Investments 76,700 sh (-1.16%)
Jeremy Grantham 39,725 sh (-7.33%)
Manning & Napier Advisors, Inc 83,133 sh (-34.99%)
Chris Davis 274,089 sh (-43.84%)
» More
Q4 2013

BXP Guru Trades in Q4 2013

Paul Tudor Jones 11,374 sh (New)
Jim Simons 161,200 sh (New)
Murray Stahl 5,488 sh (+57.57%)
Ron Baron 12,300 sh (+11.82%)
Pioneer Investments 84,600 sh (+10.3%)
Chris Davis 284,507 sh (+3.8%)
Jeremy Grantham 39,951 sh (+0.57%)
Manning & Napier Advisors, Inc 66,943 sh (-19.47%)
» More
Q1 2014

BXP Guru Trades in Q1 2014

Manning & Napier Advisors, Inc 66,868 sh (-0.11%)
» More
» Details

Insider Trades

Latest Guru Trades with BXP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ray Dalio 2013-09-30 Sold Out 0.01%$98.27 - $111.35 $ 117.3711%0
Ron Baron 2013-09-30 Add 52.78%$98.27 - $111.35 $ 117.3711%11000
Scott Black 2013-06-30 Sold Out 0.59%$100.5 - $114.59 $ 117.378%0
Ray Dalio 2013-06-30 Reduce -92.59%0.09%$100.5 - $114.59 $ 117.378%8215
Ron Baron 2013-06-30 New Buy$100.5 - $114.59 $ 117.378%7200
Ray Dalio 2013-03-31 New Buy0.1%$100.33 - $109.46 $ 117.3711%110815
Scott Black 2012-12-31 Reduce -24.15%0.2%$100.03 - $111.46 $ 117.3711%38740
Scott Black 2012-06-30 Add 39.49%0.24%$99.68 - $109.02 $ 117.3713%51220
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Boston Properties Inc

SymbolPriceYieldDescription
BXPPRB0.005.26

Top Ranked Articles about Boston Properties Inc

Weekly CEO Buys Highlight: BXP, FSC, MDU, RENT, KAMN
According to GuruFocus Insider Data , these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: Read more...
This Week's Top Insider Buys
Tuesday was certainly a busy day for insider buying, as we saw three companies reporting insider buys coming from their corporate executives costing them over $100,000. The following companies reported significant insider buys coming from their CEOs and/or CFOs with transaction amounts over $100,000.[b] Read more...
CEO of Boston Properties Inc. Owen D. Thomas Bought 9,002 Shares
Boston Properties Inc. is a Delaware corporation, which was organized in 1997. Boston Properties Inc. has a market cap of $16.63 billion; its shares were traded at around $109.58 with a P/E ratio of 70.70 and P/S ratio of 8.70. The dividend yield of Boston Properties Inc. stocks is 2.20%. Boston Properties Inc. had an annual average earnings growth of 4.1% over the past 10 years. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 24.30
BXP's P/E(ttm) is ranked higher than
58% of the 535 Companies
in the Global REIT - Office industry.

( Industry Median: 19.80 vs. BXP: 24.30 )
BXP' s 10-Year P/E(ttm) Range
Min: 7.04   Max: 141.09
Current: 24.3

7.04
141.09
P/B 3.20
BXP's P/B is ranked lower than
74% of the 555 Companies
in the Global REIT - Office industry.

( Industry Median: 1.24 vs. BXP: 3.20 )
BXP' s 10-Year P/B Range
Min: 1.06   Max: 4.6
Current: 3.2

1.06
4.6
P/S 8.40
BXP's P/S is ranked lower than
60% of the 616 Companies
in the Global REIT - Office industry.

( Industry Median: 6.91 vs. BXP: 8.40 )
BXP' s 10-Year P/S Range
Min: 2.58   Max: 10.49
Current: 8.4

2.58
10.49
EV-to-EBIT 40.00
BXP's EV-to-EBIT is ranked lower than
58% of the 596 Companies
in the Global REIT - Office industry.

( Industry Median: 28.57 vs. BXP: 40.00 )
BXP' s 10-Year EV-to-EBIT Range
Min: 20.2   Max: 63
Current: 40

20.2
63
PEG 2.30
BXP's PEG is ranked higher than
61% of the 256 Companies
in the Global REIT - Office industry.

( Industry Median: 2.40 vs. BXP: 2.30 )
BXP' s 10-Year PEG Range
Min: 0.43   Max: 468.25
Current: 2.3

0.43
468.25
Shiller P/E 55.20
BXP's Shiller P/E is ranked lower than
63% of the 300 Companies
in the Global REIT - Office industry.

( Industry Median: 30.40 vs. BXP: 55.20 )
BXP' s 10-Year Shiller P/E Range
Min: 6.49   Max: 55.4
Current: 55.2

6.49
55.4

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.20
BXP's Dividend Yield is ranked lower than
89% of the 611 Companies
in the Global REIT - Office industry.

( Industry Median: 4.77 vs. BXP: 2.20 )
BXP' s 10-Year Dividend Yield Range
Min: 1.78   Max: 8.57
Current: 2.2

1.78
8.57
Dividend Payout 0.64
BXP's Dividend Payout is ranked higher than
78% of the 500 Companies
in the Global REIT - Office industry.

( Industry Median: 0.95 vs. BXP: 0.64 )
BXP' s 10-Year Dividend Payout Range
Min: 0.25   Max: 3.13
Current: 0.64

0.25
3.13
Dividend growth (3y) 9.10
BXP's Dividend growth (3y) is ranked higher than
81% of the 357 Companies
in the Global REIT - Office industry.

( Industry Median: 4.30 vs. BXP: 9.10 )
BXP' s 10-Year Dividend growth (3y) Range
Min: -9.7   Max: 34.2
Current: 9.1

-9.7
34.2
Yield on cost (5-Year) 2.81
BXP's Yield on cost (5-Year) is ranked lower than
79% of the 611 Companies
in the Global REIT - Office industry.

( Industry Median: 5.26 vs. BXP: 2.81 )
BXP' s 10-Year Yield on cost (5-Year) Range
Min: 2.27   Max: 10.94
Current: 2.81

2.27
10.94
Share Buyback Rate -2.90
BXP's Share Buyback Rate is ranked higher than
83% of the 478 Companies
in the Global REIT - Office industry.

( Industry Median: -7.20 vs. BXP: -2.90 )
BXP' s 10-Year Share Buyback Rate Range
Min: -2.2   Max: -22.2
Current: -2.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.20
BXP's Price/Tangible Book is ranked lower than
70% of the 546 Companies
in the Global REIT - Office industry.

( Industry Median: 1.30 vs. BXP: 3.20 )
BXP' s 10-Year Price/Tangible Book Range
Min: 1.63   Max: 7.31
Current: 3.2

1.63
7.31
Price/DCF (Projected) 5.80
BXP's Price/DCF (Projected) is ranked lower than
69% of the 309 Companies
in the Global REIT - Office industry.

( Industry Median: 1.60 vs. BXP: 5.80 )
BXP' s 10-Year Price/DCF (Projected) Range
Min: 2.46   Max: 25.6
Current: 5.8

2.46
25.6
Price/Median PS Value 1.10
BXP's Price/Median PS Value is ranked higher than
56% of the 550 Companies
in the Global REIT - Office industry.

( Industry Median: 1.10 vs. BXP: 1.10 )
BXP' s 10-Year Price/Median PS Value Range
Min: 0.35   Max: 1.23
Current: 1.1

0.35
1.23
Price/Peter Lynch Fair Value 1.90
BXP's Price/Peter Lynch Fair Value is ranked higher than
54% of the 112 Companies
in the Global REIT - Office industry.

( Industry Median: 1.43 vs. BXP: 1.90 )
BXP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.32   Max: 9.92
Current: 1.9

0.32
9.92
Price/Graham Number 1.90
BXP's Price/Graham Number is ranked lower than
51% of the 503 Companies
in the Global REIT - Office industry.

( Industry Median: 1.00 vs. BXP: 1.90 )
BXP' s 10-Year Price/Graham Number Range
Min: 0.79   Max: 3.61
Current: 1.9

0.79
3.61
Earnings Yield (Greenblatt) 2.50
BXP's Earnings Yield (Greenblatt) is ranked higher than
54% of the 593 Companies
in the Global REIT - Office industry.

( Industry Median: 3.70 vs. BXP: 2.50 )
BXP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.6   Max: 5
Current: 2.5

1.6
5
Forward Rate of Return (Yacktman) 14.29
BXP's Forward Rate of Return (Yacktman) is ranked higher than
89% of the 452 Companies
in the Global REIT - Office industry.

( Industry Median: 1.50 vs. BXP: 14.29 )
BXP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -20.6   Max: 14.1
Current: 14.29

-20.6
14.1

Business Description

Industry: REITs » REIT - Office
Compare:SLG, ARE, HIW, PKY, SIR » details
Traded in other countries:BO9.Germany
Boston Properties, Inc is a Delaware corporation, organized in 1997. The Company is a full-service real estate company, with in-house expertise and resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, tax and legal services. Its properties are concentrated in five markets: Boston, New York, Princeton, San Francisco and Washington, DC. The Company conducts substantially all of its business through its subsidiary, Boston Properties Limited Partnership. At December 31, 2011, the Company owned or had interests in 157 properties, totaling approximately 44.4 million net rentable square feet including nine properties under construction totaling approximately 2.8 million net rentable square feet. In addition, it had structured parking for approximately 46,833 vehicles containing approximately 15.9 million square feet. Its properties consisted of: 149 office properties including 132 Class A office properties (including eight properties under construction) and 17 Office/Technical properties; one hotel; four retail properties, and three residential properties (One of which is under construction). The Company owns or control undeveloped land totaling approximately 503.3 acres, which would support approximately 12.5 million square feet of development. In addition, it has a noncontrolling interest in the Boston Properties Office Value-Added Fund, L.P. which is a strategic partnership with two institutional investors through which the Company has pursued the acquisition of assets within its existing markets that have deficiencies in property characteristics which provide an opportunity to create value through repositioning, refurbishment or renovation. At December 31, 2012, the Value-Added Fund had investments in 23 buildings comprised of two office complexes in Mountain View, California. The Company competes in the leasing of office, retail and residential space with a considerable number of other real estate companies, some of which may have greater marketing and financial resources than are available to the Company. In addition, its hotel property competes for guests with other hotels, some of which may have greater marketing and financial resources than are available to it, and to the manager of Company's one hotel, Marriott International, Inc. The Company's properties are subject to various federal, state and local regulatory requirements, such as state and local fire and life safety requirements.

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