BXP Announces 2023 Tax Treatment of Its Distributions
17 January 2024 - 1:17PM
Business Wire
Boston Properties, Inc. (NYSE: BXP), the largest publicly traded
developer, owner, and manager of premier workplaces in the United
States, announced today the 2023 tax treatment of distributions on
shares of its common stock, as described below. Shareholders are
encouraged to consult with their personal tax advisors as to the
specific tax treatment to them of these distributions.
Common Shares
(CUSIP #101121101)
Record Date
Payment Date
Total Distribution per Share
Total Distribution Allocable to
2023
2023 Taxable Ordinary Dividends
2023 Qualified Dividends (1)
2023 Short-term Capital Gain
(1)
2023 Total Capital Gain Distribution
(2)
2023 Unrecaptured Section 1250 Gain
(3)
2023 Section 199A Dividends (1)
12/30/2022
1/30/2023
$0.980000
$0.954126
$0.696352
$0.002944
$0.000526
$0.257774
$0.025298
$0.692882
3/31/2023
4/28/2023
$0.980000
$0.980000
$0.715235
$0.003024
$0.000541
$0.264765
$0.025984
$0.711670
6/30/2023
7/31/2023
$0.980000
$0.980000
$0.715235
$0.003024
$0.000541
$0.264765
$0.025984
$0.711670
9/29/2023
10/31/2023
$0.980000
$0.980000
$0.715235
$0.003024
$0.000541
$0.264765
$0.025984
$0.711670
12/29/2023
1/30/2024
$0.980000
$0.269514
$0.196700
$0.000832
$0.000109
$0.072814
$0.007146
$0.195759
$4.900000
$4.163640
$3.038757
$0.012848
$0.002258
$1.124883
$0.110396
$3.023651
100%
72.9832%
27.0168%
(1) These amounts are a subset of, and
included in, the 2023 Taxable Ordinary Dividend amounts.
(2) These amounts are also reported as
Section 897 gains attributable to dispositions of U.S. Real
Property Interests. In addition, for purposes of Section 1061 of
the Internal Revenue Code, 100% of the distributions reported as
2023 Total Capital Gain Distributions are from sales of assets that
either generated Section 1231 gains or were held for more than 3
years. Section 1061 is generally applicable to direct and indirect
holders of “applicable partnership interests.”
(3) Unrecaptured Section 1250 Gain is a
subset of, and included in, the 2023 Total Capital Gain
Distribution amount.
The common stock distribution with a record date of December 30,
2022 was a split-year distribution with $0.954126 allocable to 2023
for federal income tax purposes. The common stock distribution with
a record date of December 29, 2023 will be a split-year
distribution with $0.269514 allocable to 2023 for federal income
tax purposes and $0.710486 allocable to 2024 for federal income tax
purposes.
ABOUT BXP
BXP (NYSE: BXP) 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 50 years. BXP is a fully integrated real
estate company, organized as a real estate investment trust (REIT).
As of December 31, 2023, including properties owned by
unconsolidated joint ventures, BXP’s portfolio totaled 53.3 million
square feet and 188 properties, including 10 properties under
construction/redevelopment. For more information about BXP, please
visit our website or follow us on LinkedIn or Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240116104941/en/
AT BXP Mike LaBelle
Executive Vice President Chief Financial Officer and Treasurer
mlabelle@bxp.com
Michael Walsh Senior Vice President Chief Accounting Officer
mwalsh@bxp.com
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