Boston Properties Management

Management criteria checks 3/4

Boston Properties' CEO is Owen Thomas, appointed in Apr 2013, has a tenure of 11.08 years. total yearly compensation is $12.96M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth $706.15K. The average tenure of the management team and the board of directors is 16.5 years and 8 years respectively.

Key information

Owen Thomas

Chief executive officer

US$13.0m

Total compensation

CEO salary percentage	7.3%
CEO tenure	11.1yrs
CEO ownership	0.007%
Management average tenure	16.5yrs
Board average tenure	8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Owen Thomas's remuneration changed compared to Boston Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$192m
Dec 31 2023	US$13m	US$950k	US$190m
Sep 30 2023	n/a	n/a	US$192m
Jun 30 2023	n/a	n/a	US$664m
Mar 31 2023	n/a	n/a	US$783m
Dec 31 2022	US$13m	US$925k	US$848m
Sep 30 2022	n/a	n/a	US$911m
Jun 30 2022	n/a	n/a	US$659m
Mar 31 2022	n/a	n/a	US$548m
Dec 31 2021	US$13m	US$900k	US$496m
Sep 30 2021	n/a	n/a	US$320m
Jun 30 2021	n/a	n/a	US$301m
Mar 31 2021	n/a	n/a	US$457m
Dec 31 2020	US$11m	US$900k	US$861m
Sep 30 2020	n/a	n/a	US$994m
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$909m
Dec 31 2019	US$12m	US$898k	US$511m
Sep 30 2019	n/a	n/a	US$519m
Jun 30 2019	n/a	n/a	US$530m
Mar 31 2019	n/a	n/a	US$494m
Dec 31 2018	US$12m	US$875k	US$572m
Sep 30 2018	n/a	n/a	US$528m
Jun 30 2018	n/a	n/a	US$526m
Mar 31 2018	n/a	n/a	US$531m
Dec 31 2017	US$10m	US$875k	US$452m

Compensation vs Market: Owen's total compensation ($USD12.96M) is above average for companies of similar size in the UK market ($USD5.60M).

Compensation vs Earnings: Owen's compensation has been consistent with company performance over the past year.

CEO

Owen Thomas (61 yo)

11.1yrs

Tenure

US$12,963,964

Compensation

Mr. Owen David Thomas has been Chairman of the Board of Boston Properties, Inc. since May 19, 2022. He is Global Chairman of the Urban Land Institute, Director of the Real Estate Roundtable, a member of th...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Owen Thomas	CEO & Chairman of the Board	11.1yrs	US$12.96m	0.0067% $ 706.2k
Douglas Linde	President & Director	17yrs	US$8.97m	0.12% $ 12.4m
Michael LaBelle	Executive VP	16.5yrs	US$4.38m	0.015% $ 1.6m
Raymond Ritchey	Senior Executive Vice President	26.1yrs	US$6.85m	0.0090% $ 953.9k
Bryan Koop	Executive Vice President of Boston Region	8.3yrs	US$3.33m	0.0066% $ 693.5k
Mortimer Zuckerman	Co-Founder & Chairman Emeritus	54.3yrs	US$654.66k	no data
Michael Walsh	Senior VP & Chief Accounting Officer	8yrs	no data	no data
Helen Han	Vice President of Investor Relations	no data	no data	no data
Eric Kevorkian	Senior VP	2.3yrs	no data	0.00051% $ 54.0k
Laura Sesody	Senior Vice President of Corporate Marketing & Communications	no data	no data	no data
Donna Garesche	Executive VP & Chief Human Resources Officer	no data	no data	no data
Andrew Levin	Senior Vice President of Leasing-New York	19.3yrs	no data	no data

16.5yrs

Average Tenure

59yo

Average Age

Experienced Management: 0HOX's management team is seasoned and experienced (16.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Owen Thomas	CEO & Chairman of the Board	11.1yrs	US$12.96m	0.0067% $ 706.2k
Douglas Linde	President & Director	14.3yrs	US$8.97m	0.12% $ 12.4m
Mortimer Zuckerman	Co-Founder & Chairman Emeritus	8yrs	US$654.66k	no data
Bruce Duncan	Independent Director	8yrs	US$269.17k	0.013% $ 1.4m
William Walton	Independent Director	5yrs	US$243.50k	0% $ 0
Matthew Lustig	Independent Director	13.3yrs	US$268.50k	0.0064% $ 674.4k
Joel Klein	Lead Independent Director	11.3yrs	US$277.74k	0% $ 0
Carol Einiger	Independent Director	20yrs	US$256.56k	0.011% $ 1.2m
Derek West	Independent Director	less than a year	US$222.68k	0.0022% $ 228.7k
Diane Hoskins	Independent Director	5yrs	US$285.00k	0.0066% $ 696.6k
Mary Kipp	Independent Director	2.4yrs	US$270.64k	0.00035% $ 37.1k
Kelly Ayotte	Independent Director	6yrs	US$266.57k	0% $ 0

8.0yrs

Average Tenure

64yo

Average Age

Experienced Board: 0HOX's board of directors are considered experienced (8 years average tenure).

Boston Properties Management

Management criteria checks 3/4

Key information

Recent management updates

Boston Properties, Inc., Annual General Meeting, May 22, 2024

Senior Executive Vice President recently sold US$889k worth of stock

Senior Executive Vice President recently sold US$4.4m worth of stock

Boston Properties, Inc. Board Changes

BXP Announces Executive Changes

Insider recently sold US$571k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.50 in 1Q 2023)

Boston Properties, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 and Full Year 2024

Boston Properties, Inc., Annual General Meeting, May 22, 2024

Boston Properties, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Fourth quarter dividend of US$0.98 announced

Boston Properties, Inc. Declares Regular Quarterly Dividend, Payable on April 30, 2024

Senior Executive Vice President recently sold US$889k worth of stock

Full year 2023 earnings released: FFO per share: US$7.3 (vs US$7.55 in FY 2022)

Boston Properties, Inc. Provides Earnings Guidance for the First Quarter of 2024 and Fiscal Year 2024

New minor risk - Share price stability

Full year 2023 earnings released: FFO per share: US$7.3 (vs US$7.55 in FY 2022)

Now 22% undervalued

Now 21% undervalued

Boston Properties, Inc. to Report Q4, 2023 Results on Jan 30, 2024

Boston Properties, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 30, 2024

Investor sentiment improves as stock rises 17%

Norges Bank Investment Management entered into agreement to acquire 45% stake in Life Sciences Development Properties Located in Kendall Square in Cambridge, Massachusetts from Boston Properties, Inc. (NYSE:BXP) for $210 million.

New minor risk - Profit margin trend

Boston Properties, Inc. Provides Updated Earnings Guidance for Full Year 2023

Clark Construction Group Joins Representatives from BXP to Celebrate the Topping Out of Skymark Reston Town Center

Boston Properties, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.98 per share at 6.0% yield

Senior Executive Vice President recently sold US$4.4m worth of stock

Boston Properties, Inc. Declares Regular Quarterly Dividend, Payable on October 31, 2023

Boston Properties, Inc. Board Changes

BXP Announces Executive Changes

Second quarter 2023 earnings released: EPS: US$0.67 (vs US$1.42 in 2Q 2022)

Now 21% undervalued

Boston Properties, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Boston Properties, Inc. Declares Regular Quarterly Cash Dividend for the Period April 1, 2023 to June 30, 2023, Payable on July 31, 2023

Now 20% undervalued

New minor risk - Insider selling

Insider recently sold US$571k worth of stock

Independent Director recently bought US$474k worth of stock

High number of new directors

First quarter 2023 earnings released: EPS: US$0.50 (vs US$0.91 in 1Q 2022)

Independent Director recently bought US$529k worth of stock

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings released: EPS: US$5.42 (vs US$3.18 in FY 2021)

Boston Properties, Inc. Revised Earnings Guidance for the Full Year of 2023

Boston Properties, Inc. to Report Q4, 2022 Results on Jan 31, 2023

Boston Properties, Inc. Declares Quarterly Cash Dividend for the Period from October 1, 2022 to December 31, 2022, Payable on January 30, 2023

Now 21% undervalued after recent price drop

An unknown buyer acquired the residential component of The Avant from Boston Properties, Inc. (NYSE:BXP).

Boston Properties, Inc. Provides Earnings Guidance for the Full Year 2022; and Full Year 2023

Third quarter 2022 earnings released: EPS: US$2.30 (vs US$0.69 in 3Q 2021)

An unknown buyer entered into an agreement to acquire the residential component of The Avant from Boston Properties, Inc. (NYSE:BXP) for approximately $140 million.

Boston Properties, Inc. to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.98 per share

Boston Properties, Inc. (NYSE:BXP) acquired 125 Broadway, A six story 271,000 Square Foot Laboratory/Life Sciences Property from Biogen Inc. (NasdaqGS:BIIB) for $592 million.

BXP Declares Regular Quarterly Dividend, Payable on October 31, 2022

Boston Properties, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

Second quarter 2022 earnings released: EPS: US$1.42 (vs US$0.72 in 2Q 2021)

Boston Properties, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$0.98 per share

Boston Properties, Inc. Declares Regular Quarterly Dividend, Payable on July 29, 2022

Boston Properties, Inc. (NYSE:BXP) completed the acquisition of Madison Centre, an approximately 760,000 square foot, 37-story Class A office building in Seattle from Barings LLC and Schnitzer West, LLC.

First quarter 2022 earnings released: FFO: US$753.6m per share (vs US$1.57 in 1Q 2021)

Now 20% undervalued

Boston Properties, Inc. to Report Q1, 2022 Results on May 02, 2022

Now 20% undervalued

Boston Properties, Inc., Annual General Meeting, May 19, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Boston Properties, Inc. Announces Construction Resumes on Platform 16 Project in San Jose, California

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insider recently sold US$486k worth of stock

Third quarter 2021 earnings released: EPS US$0.69 (vs US$0.58 in 3Q 2020)

Upcoming dividend of US$0.98 per share