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Supplemental Operating and Financial Data for the Quarter Ended March 31, 2021
Supplemental Operating and Financial Data
for the Quarter Ended March 31, 2021THE COMPANY
Boston Properties, Inc. (NYSE: BXP) (“Boston Properties,” “BXP” or the “Company”) is the largest publicly-traded developer, owner and manager of Class A
office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a
fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse
portfolio of primarily Class A office space. Including properties owned by joint ventures, the Company’s complete portfolio totals 51.6 million square feet and
196 properties, including nine properties under construction/redevelopment, and it consists of 177 office properties, 12 retail properties, six residential
properties and one hotel. Boston Properties is well-known for its in-house building management expertise and responsiveness to tenants’ needs. The
Company holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban
office centers and build-to-suit projects for a diverse array of creditworthy tenants. Boston Properties actively works to promote its growth and operations in a
sustainable and responsible manner. The Company has earned nine consecutive Global Real Estate Sustainability Benchmark (GRESB) Green Stars and
the highest GRESB 5-star Rating. Boston Properties, an S&P 500 Company, was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde and
became a public company in 1997.
FORWARD-LOOKING STATEMENTS
This Supplemental package contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. You can identify these
statements by our use of the words “anticipates,” “believes,” “budgeted,” “could,” “estimates,” “expects,” “guidance,” “intends,” “may,” “might,” “plans,”
“projects,” “should,” “will” and similar expressions that do not relate to historical matters. These statements are based on our current plans, expectations,
projections and assumptions about future events. You should exercise caution in interpreting and relying on forward-looking statements because they involve
known and unknown risks, uncertainties and other factors which are, in some cases, beyond Boston Properties’ control. If our underlying assumptions prove
inaccurate, or known or unknown risks or uncertainties materialize, actual results could differ materially from those expressed or implied by the forward-
looking statement. These factors include, without limitation, uncertainties and risks related to the impact of the COVID-19 global pandemic, including the
duration, scope and severity of the pandemic domestically and internationally; federal, state and local government actions and restrictive measures
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