Boston Properties Inc
BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a … Read more
Boston Properties Inc (BXP) - Net Assets
Latest net assets as of December 2025: $7.68 Billion USD
Based on the latest financial reports, Boston Properties Inc (BXP) has net assets worth $7.68 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($26.17 Billion) and total liabilities ($18.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.68 Billion |
| % of Total Assets | 29.37% |
| Annual Growth Rate | 12.62% |
| 5-Year Change | -4.45% |
| 10-Year Change | -3.09% |
| Growth Volatility | 117.55 |
Boston Properties Inc - Net Assets Trend (1997–2025)
This chart illustrates how Boston Properties Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Boston Properties Inc (1997–2025)
The table below shows the annual net assets of Boston Properties Inc from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $7.68 Billion | -3.31% |
| 2024-12-31 | $7.95 Billion | -2.99% |
| 2023-12-31 | $8.19 Billion | -2.13% |
| 2022-12-31 | $8.37 Billion | +4.07% |
| 2021-12-31 | $8.04 Billion | -3.64% |
| 2020-12-31 | $8.35 Billion | +4.15% |
| 2019-12-31 | $8.01 Billion | -2.43% |
| 2018-12-31 | $8.21 Billion | +1.38% |
| 2017-12-31 | $8.10 Billion | +2.17% |
| 2016-12-31 | $7.93 Billion | +0.55% |
| 2015-12-31 | $7.89 Billion | -0.20% |
| 2014-12-31 | $7.90 Billion | +12.20% |
| 2013-12-31 | $7.04 Billion | +25.00% |
| 2012-12-31 | $5.63 Billion | +4.09% |
| 2011-12-31 | $5.41 Billion | +9.05% |
| 2010-12-31 | $4.96 Billion | -2.07% |
| 2009-12-31 | $5.07 Billion | +43.55% |
| 2008-12-31 | $3.53 Billion | -18.31% |
| 2007-12-31 | $4.32 Billion | +12.37% |
| 2006-12-31 | $3.85 Billion | +5.20% |
| 2005-12-31 | $3.66 Billion | -1.77% |
| 2004-12-31 | $3.72 Billion | +15.23% |
| 2003-12-31 | $3.23 Billion | +7.53% |
| 2002-12-31 | $3.00 Billion | +15.60% |
| 2001-12-31 | $2.60 Billion | +2.91% |
| 2000-12-31 | $2.53 Billion | +37.29% |
| 1999-12-31 | $1.84 Billion | -9.28% |
| 1998-12-31 | $2.03 Billion | +635.52% |
| 1997-12-31 | $275.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Boston Properties Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 72485.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.58 Million | 0.03% |
| Other Comprehensive Income | $-1.69 Billion | -32.79% |
| Other Components | $8.51 Billion | 165.30% |
| Total Equity | $5.15 Billion | 100.00% |
Boston Properties Inc Competitors by Market Cap
The table below lists competitors of Boston Properties Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
New Gold Inc
NYSE MKT:NGD
|
$7.88 Billion |
|
LS Electric
KO:010120
|
$7.89 Billion |
|
Bio-Techne Corp
NASDAQ:TECH
|
$7.89 Billion |
|
Invesco Plc
NYSE:IVZ
|
$7.90 Billion |
|
HELVETIA BA.HL.NA SF 0,02
F:HVXA
|
$7.86 Billion |
|
TENARIS S.A. DL 1
F:TW10
|
$7.86 Billion |
|
Tenaris SA
LSE:0HXB
|
$7.85 Billion |
|
Samsung Sdi Co Pref
KO:006405
|
$7.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Boston Properties Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,413,306,000 to 5,147,190,000, a change of -266,116,000 (-4.9%).
- Net income of 276,800,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,697,451,000.
- Other factors increased equity by 1,154,535,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $276.80 Million | +5.38% |
| Other Comprehensive Income | $-1.70 Billion | -32.98% |
| Other Changes | $1.15 Billion | +22.43% |
| Total Change | $- | -4.92% |
Book Value vs Market Value Analysis
This analysis compares Boston Properties Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.65x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.95x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $4.48 | $53.49 | x |
| 1998-12-31 | $15.47 | $53.49 | x |
| 1999-12-31 | $15.84 | $53.49 | x |
| 2000-12-31 | $23.07 | $53.49 | x |
| 2001-12-31 | $19.07 | $53.49 | x |
| 2002-12-31 | $22.83 | $53.49 | x |
| 2003-12-31 | $24.37 | $53.49 | x |
| 2004-12-31 | $27.00 | $53.49 | x |
| 2005-12-31 | $25.69 | $53.49 | x |
| 2006-12-31 | $27.53 | $53.49 | x |
| 2007-12-31 | $30.38 | $53.49 | x |
| 2008-12-31 | $29.11 | $53.49 | x |
| 2009-12-31 | $33.81 | $53.49 | x |
| 2010-12-31 | $31.22 | $53.49 | x |
| 2011-12-31 | $33.28 | $53.49 | x |
| 2012-12-31 | $33.82 | $53.49 | x |
| 2013-12-31 | $37.64 | $53.49 | x |
| 2014-12-31 | $37.16 | $53.49 | x |
| 2015-12-31 | $37.11 | $53.49 | x |
| 2016-12-31 | $37.57 | $53.49 | x |
| 2017-12-31 | $37.66 | $53.49 | x |
| 2018-12-31 | $38.03 | $53.49 | x |
| 2019-12-31 | $36.70 | $53.49 | x |
| 2020-12-31 | $38.56 | $53.49 | x |
| 2021-12-31 | $37.37 | $53.49 | x |
| 2022-12-31 | $39.03 | $53.49 | x |
| 2023-12-31 | $37.44 | $53.49 | x |
| 2024-12-31 | $34.31 | $53.49 | x |
| 2025-12-31 | $32.40 | $53.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Boston Properties Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.95%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 5.08x
- Recent ROE (5.38%) is below the historical average (11.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 22.71% | 14.43% | 0.16x | 9.55x | $22.25 Million |
| 1998 | 9.82% | 18.12% | 0.10x | 5.52x | $-1.74 Million |
| 1999 | 11.33% | 15.23% | 0.14x | 5.14x | $14.02 Million |
| 2000 | 9.29% | 17.40% | 0.14x | 3.78x | $-11.77 Million |
| 2001 | 11.86% | 20.14% | 0.14x | 4.14x | $32.62 Million |
| 2002 | 20.58% | 35.99% | 0.15x | 3.90x | $228.42 Million |
| 2003 | 15.22% | 27.90% | 0.15x | 3.56x | $125.31 Million |
| 2004 | 9.67% | 20.28% | 0.15x | 3.09x | $-9.59 Million |
| 2005 | 15.02% | 30.49% | 0.16x | 3.05x | $146.56 Million |
| 2006 | 27.10% | 59.13% | 0.15x | 3.01x | $551.31 Million |
| 2007 | 36.11% | 89.37% | 0.13x | 3.05x | $957.81 Million |
| 2008 | 3.55% | 8.41% | 0.14x | 3.09x | $-227.89 Million |
| 2009 | 5.20% | 15.18% | 0.12x | 2.78x | $-213.59 Million |
| 2010 | 3.64% | 10.26% | 0.12x | 3.05x | $-278.19 Million |
| 2011 | 5.60% | 15.50% | 0.12x | 3.04x | $-213.92 Million |
| 2012 | 5.68% | 15.44% | 0.12x | 3.03x | $-220.06 Million |
| 2013 | 13.06% | 35.11% | 0.11x | 3.51x | $175.70 Million |
| 2014 | 7.79% | 18.51% | 0.12x | 3.49x | $-126.12 Million |
| 2015 | 10.21% | 23.41% | 0.14x | 3.22x | $12.16 Million |
| 2016 | 8.84% | 20.04% | 0.14x | 3.26x | $-67.36 Million |
| 2017 | 7.95% | 17.77% | 0.13x | 3.33x | $-118.96 Million |
| 2018 | 9.91% | 21.45% | 0.13x | 3.44x | $-5.47 Million |
| 2019 | 9.17% | 17.62% | 0.14x | 3.74x | $-46.93 Million |
| 2020 | 14.55% | 31.56% | 0.12x | 3.81x | $273.12 Million |
| 2021 | 8.65% | 17.49% | 0.13x | 3.83x | $-79.16 Million |
| 2022 | 13.84% | 27.31% | 0.13x | 3.95x | $235.66 Million |
| 2023 | 3.23% | 5.81% | 0.13x | 4.42x | $-398.29 Million |
| 2024 | 0.26% | 0.42% | 0.13x | 4.82x | $-527.06 Million |
| 2025 | 5.38% | 7.95% | 0.13x | 5.08x | $-237.92 Million |
Industry Comparison
This section compares Boston Properties Inc's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,096,820,667
- Average return on equity (ROE) among peers: 1.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Boston Properties Inc (BXP) | $7.68 Billion | 22.71% | 2.40x | $7.87 Billion |
| Allied Properties Real Estate Investment Trust (APYRF) | $215.70 Million | 3.58% | 1.33x | $973.59 Million |
| Alexandria Real Estate Equities Inc (ARE) | $1.58 Billion | 5.93% | 1.94x | $7.61 Billion |
| Brandywine Realty Trust (BDN) | $1.69 Billion | 2.03% | 1.41x | $496.31 Million |
| BTB Real Estate Investment Trust (BTBIF) | $248.95 Million | 11.32% | 2.06x | $199.14 Million |
| COPT Defense Properties (CDP) | $1.68 Billion | 4.55% | 1.53x | $3.58 Billion |
| City Office (CIO) | $772.63 Million | -0.35% | 0.96x | $2.76 Million |
| CLS Holdings plc (CLIHF) | $929.20 Million | -26.88% | 1.33x | $263.93 Million |
| Creative Media & Community Trust Corporation (CMCT) | $42.90 Million | 0.00% | 0.01x | $114.98K |
| Cromwell Property Group (CMWCF) | $2.71 Billion | 9.71% | 0.86x | $445.64 Million |