Boston Properties (Boston Properties) Interest Expense

: $-580 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Boston Properties's interest expense for the three months ended in Dec. 2023 was $ -155 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-580 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Boston Properties's Operating Income for the three months ended in Dec. 2023 was $ 264 Mil. Boston Properties's Interest Expense for the three months ended in Dec. 2023 was $ -155 Mil. Boston Properties's Interest Coverage for the quarter that ended in Dec. 2023 was 1.70. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Boston Properties Interest Expense Historical Data

The historical data trend for Boston Properties's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Boston Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-412.72

-431.72

-423.35

-437.14

-579.57

Boston Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-119.92	-134.21	-142.47	-147.81	-155.08

Boston Properties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-580 Mil.

Boston Properties (NYSE:BXP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Boston Properties's Interest Expense for the three months ended in Dec. 2023 was $-155 Mil. Its Operating Income for the three months ended in Dec. 2023 was $264 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $16,625 Mil.

Boston Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	264.29	/	-155.08
	=	1.70

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Boston Properties Inc interest coverage is 1.79, which is low.

Boston Properties (Boston Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Boston Properties Inc (NYSE:BXP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BXP:Mexico BO9:Germany BO9:Germany BOXP34:Brazil

Address

800 Boylston Street, Suite 1900, Prudential Center, Boston, MA, USA, 02199-8103

Website

https://www.bxp.com

Boston Properties owns over 190 properties consisting of approximately 54 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.

Executives

Eric G Kevorkian	officer: SVP, CLO and Secretary	800 BOYLSTON STREET, SUITE 1900, BOSTON MA 02199
Rodney Diehl	officer: Senior Vice President	FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94549
Raymond A Ritchey	officer: Executive Vice President	BOSTON PROPERTIES, INC., 901 NEW YORK AVENUE, NW, WASHINGTON DC 20001
Peter V Otteni	officer: Senior Vice President	2200 PENNSYLVANIA AVENUE NW, SUITE 200W, WASHINGTON DC 20037
Carol B. Einiger	director	POST ROCK ADVISORS, LLC, ONE ROCKEFELLER PLAZA, 28TH FLOOR, NEW YORK NY 10020
Tony West	director	1455 MARKET STREET, 4TH FLOOR, SAN FRANCISCO CA 94103
Matthew J Lustig	director	LAZARD FRERES & CO LLC, 30 ROCKEFELLER PLZA 50TH FL, NEW YORK NY 10020
Donna D Garesche	officer: EVP, Chief HR Officer	C/O BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Hilary J. Spann	officer: Executive Vice President	599 LEXINGTON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Mary E Kipp	director	100 N STANTON, EL PASO TX 79901
Douglas T Linde	officer: SVP & CFO	BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Frank D Burt	officer: Senior Vice President	BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
John J Stroman	officer: Senior Vice President	2200 PENNSYLVANIA AVENUE NW, SUITE 200W, WASHINGTON DC 20037
Bryan J Koop	officer: Senior Vice President	BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Bruce W Duncan	director	ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606