Boston Properties Investor Relations Material

Boston Properties, Inc. is an American company operating as a Real Estate Investment Trust. The company develops, owns, and invests in workspaces in larger US metropolitan areas, including Boston, Los Angeles, NYC, San Francisco, and other locations. Boston Properties primarily develops and invests in premier locations, including skyscrapers and high-profile office buildings in the central parts of cities. The company headquarters is located, unsurprisingly, in Boston, Massachusetts and its shares are listed on the NYSE.

Boston Properties, Inc. traces its origins back to 1970 when it was co-founded by Mortimer Zuckerman and Edward Linde. Over the past five decades, this American real estate investment trust (REIT) has carved out a distinct niche in the commercial real estate sector, predominantly concentrating on office properties. From its inception, Boston Properties adopted a strategy of not just owning but also developing and managing its array of properties. Today, it's one of the largest companies of its kind in the US, with a list of peers that include names such as Vornado, Brookfield, and Kilroy.

Boston Properties, Inc. specializes in the ownership and management of office properties, primarily located in key urban areas in the United States. These locations are selected based on their economic vitality, centrality, and connectivity. The company's properties are often situated in central business districts or in close proximity to major transportation hubs, facilitating accessibility for tenants and their clientele. Over the years, Boston Properties has built a reputation for selecting locations that align with the needs of businesses, including those in the technology, legal, financial, and professional services sectors. The locations they choose often offer a mix of commercial vibrancy, infrastructural support, and growth potential, ensuring they remain appealing to potential tenants.

A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate across a range of property sectors. Established by U.S. Congress in 1960, REITs provide a way for individual investors to earn dividends from real estate investments, without having to buy, manage, or finance any properties themselves. Structurally, REITs distribute at least 90% of their taxable income to shareholders annually in the form of dividends. In return, they are generally exempt from corporate income taxes on the income distributed.