Financial Data and Key Metrics Changes - The company reported fourth quarter FFO of $1.86 per diluted share and full year 2022 FFO of $7.53 per diluted share, which was a penny ahead of the midpoint of guidance and $0.02 ahead of street consensus [21] - FFO per share grew 15% in 2022 due to development deliveries and strong leasing activity [4][63] - Revenue increased by 8% and same property NOI increased by 4% over 2021, with cash NOI growth in the same property portfolio of 6.5% [63] Business Line Data and Key Metrics Changes - The company completed 1.1 million square feet of leasing in the fourth quarter and 5.7 million square feet for all of 2022, which is 95% of the average annual leasing over the last 10 years [4] - The weighted average term for leases signed in 2022 was 9.2 years, attributed to strong client relationships and execution [28] - The company has a development pipeline of 13 projects aggregating approximately 4 million square feet and $3.3 billion of investment projected to add more than $240 million to NOI over the next five years [12] Market Data and Key Metrics Changes - Direct vacancy for premier workplaces was 9.6% compared to 14.7% for the rest of the market, with net absorption for premier workplaces being a positive 7.1 million square feet versus a negative 25.4 million square feet for the balance of the market [7] - The U.S. transaction volume for office assets slowed to $12 billion in the fourth quarter, down 40% from the third quarter [31] - The mark to market on leases signed in the fourth quarter showed increases of 7% in Boston, 9% in San Francisco, flat in New York City, and down 11% in DC [58] Company Strategy and Development Direction - The company aims to position itself for success regardless of the economy's trajectory by managing leverage and liquidity [29] - The premier workplace segment continues to outperform, with users increasingly interested in upgrading their buildings to attract workforce back to the office [30] - The company is focusing on opportunistic acquisitions solely in premier workplaces, life science, and residential development [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the economic slowdown due to inflation and federal reserve tightening measures but noted that inflation is starting to come down [6] - The company is well-positioned to weather the current economic slowdown due to its premier workplace market positions and strong balance sheet [13] - Management expects a reduction in FFO of 5% from last year, primarily due to increased interest rates, but anticipates that interest rates will not be a significant headwind going forward [49] Other Important Information - The company raised $1.2 billion in additional liquidity through a green bond offering and an upsized bank term loan [5] - The company took a $51 million non-cash impairment charge related to its Dock 72 property due to weak leasing conditions [45] - The company plans to change the timing of its annual guidance issuance starting next year [67] Q&A Session Summary Question: Comments on leasing pipeline and outlook - Management noted significant leasing at 2100 Penn and adjustments in timelines for 360 Park Avenue South and 205th Avenue due to leasing activity [70] Question: Comparison of leasing activity to expectations - Management acknowledged a material change in the overall economy and noted that they exceeded internal projections for leasing activity [74] Question: Demand for tech-oriented buildings - Management indicated that leasing has slowed but is seeing interest from traditional industries, suggesting a shift in tenant focus [81] Question: Changes in tenant long-term commitments - Management stated that tenants are making long-term decisions, and they continue to sign longer-term leases despite economic conditions [86] Question: Impact of government workers on the market - Management expressed concern over the federal workforce not returning to work and its impact on occupancy in Reston [107]

Boston Region Submarkets - Waltham has a total square footage of 4.8 million [3,4], with 28 buildings and 84.4% occupancy [4] - Cambridge has a total square footage of 2.4 million [3,13], with 10 buildings and 99% occupancy [13] - Boston has a total square footage of 8.4 million [3], with 8 buildings and 97% occupancy [16] Waltham Development Activities - 180 CityPoint: Building size is 320,000 SF, estimated total investment is $275 million, and 43% is pre-leased with an estimated delivery in Q4 2023 [5] - CityPoint South: Future development of 1.2 million SF across 5 buildings for life sciences/office build-to-suit [6] - 880 Winter Street: Building size is 244,000 SF, a life sciences conversion, 97% pre-leased, and completed in Q3 2022 [7] with an estimated total investment of $108 million [8] - 103 CityPoint: Building size is 113,000 SF, 75% R&D and 25% GMP, with an estimated delivery in Q4 2023 and an estimated total investment of $115 million [10] Cambridge Development - 250/290 Binney Street: 271,000 SF [14] - 300 Binney: 240,000 SF [14] Washington, DC Region Office Market - Total office square footage is 310 million, with BXP holding 8.9 million [41] - Operating portfolio is 8.9 million SF, with 34 buildings and 89.4% leased/committed [43] Reston Town Center Lease Performance - Total square footage is 3.8 million [47] - Total uncommitted space is 186,000 SF, representing 4.90% uncommitted [47] - Pandemic leasing activity reached 1.5 million SF [47] Washington, DC Lease Performance - Total square footage is 2.9 million [49] - Total uncommitted space is 260,000 SF, representing 8.8% uncommitted [50,51] - Pandemic leasing activity reached 666,000 SF [55] Reston Town Center Next Phase - Masterplan includes up to 4 million SF of development capacity [59] - Phase 1 total development is 1.861 million SF, including 1.1 million SF of office space, 500,000 SF of multifamily (508 units), 200,000 SF of hotel (267 keys), and 61,000 SF of retail [60] - Phase 2 total development is 2.054 million SF, including 800,000 SF of office space, 1.2 million SF of multifamily (1,200 units), and 54,000 SF of retail [67] San Francisco Market Overview - San Francisco CBD total available space is 25.9%, with direct available space of 10,027,303 SF and sublease available space of 3,580,772 SF [133] - San Francisco total available space is 28.7%, with direct available space of 17,156,538 SF and sublease available space of 7,550,402 SF [133] - Silicon Valley office total available space is 15.1%, with direct available space of 11,920,043 SF and sublease available space of 3,631,893 SF [138] - Silicon Valley R&D total available space is 12.0%, with direct available space of 13,592,913 SF and sublease available space of 3,781,014 SF [138]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13087 (Boston Properties, Inc.) Commission File Number: 0-50209 (Boston Properties Limited Partnership) | --- | --- | ...

Boston Properties, Inc. (NYSE:BXP) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Helen Han - Vice President, Investor Relations Owen Thomas - Chairman and Chief Executive Officer Doug Linde - President Mike LaBelle - Chief Financial Officer Bryan Koop - Executive Vice President, Boston Region Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Derek Johnston - Deutsche Bank Nick Yulico - Scotiabank Blaine Heck - Wells Fargo Camille Bonn ...

Company Overview - BXP's portfolio totals 535 million square feet and 193 properties as of September 30, 2022 [1] - BXP's market capitalization is $270 billion as of September 30, 2022 [7] - The dividend yield is 52% based on a quarterly dividend of $098 per share [7] Financial Highlights (Q3 2022) - Net income attributable to Boston Properties, Inc was $360977 thousand [13] - Diluted FFO per share was $191 [13] - Revenue was $790523 thousand [13] - BXP's Share of revenue was $771125 thousand [13] Guidance and Assumptions (Full Year 2022 & 2023) - Projected FFO per share (diluted) for full year 2022 is between $751 and $753, and for full year 2023 is between $715 and $730 [11] - Average In-service portfolio occupancy for full year 2022 is projected to be between 8850% and 8950%, and for full year 2023 is projected to be between 8800% and 8950% [12] - Increase in BXP's Share of Same Property net operating income (excluding termination income) for full year 2022 is projected to be between 350% and 400%, and for full year 2023 is projected to be between -050% and 050% [12]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13087 (Boston Properties, Inc.) Commission File Number: 0-50209 (Boston Properties Limited Partnership) | --- | --- | --- | ...

Boston Properties, Inc. (NYSE:BXP) Q2 2022 Results Conference Call July 27, 2022 10:00 AM ET Company Participants Helen Han - VP, IR Owen Thomas - CEO Doug Linde - President Mike LaBelle - CFO Conference Call Participants Alexander Goldfarb - Piper Sandler Blaine Heck - Wells Fargo Daniel Ismail - Green Street Derek Johnston - Deutsche Bank Jamie Feldman - Bank of America John Kim - BMO Capital Markets Vikram Malhotra - Mizuho Michael Goldsmith - UBS Michael Bilerman - Citi Nick Yulico - Scotiabank Omotay ...

Boston Properties, Inc. (NYSE:BXP) Q1 2022 Earnings Conference Call May 3, 2022 11:00 AM ET Company Participants Helen Han - Vice President, Investor Relations Owen Thomas - Chief Executive Officer Douglas Linde - President Michael LaBelle - Executive Vice President, Chief Financial Officer and Treasurer Bryan Koop - Executive Vice President, Boston Region Ray Ritchey - Senior Executive Vice President Conference Call Participants John Kim - BMO Capital Markets James Feldman - BofA Securities Alexander Gold ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13087 (Boston Properties, Inc.) Commission File Number: 0-50209 (Boston Properties Limited Partnership) | --- | --- | --- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13087 (Boston Properties, Inc.) Commission File Number: 0-50209 (Boston Properties Limited Partnership) BOSTON PROPERTIES, INC. ...