Boston Properties Declares Regular Quarterly Dividends

BOSTON–(BUSINESS WIRE)–Boston
Properties, Inc.
(NYSE: BXP), the largest publicly-traded
owner and manager of Class A office properties in the United States,
announced today that its Board of Directors declared a regular quarterly
cash dividend of $0.95 per share of common stock for the period April 1,
2019 to June 30, 2019 payable on July 31, 2019 to shareholders of record
as of the close of business on June 28, 2019.

The Board of Directors also declared a regular quarterly cash dividend
for the Company’s 5.25% Series B Cumulative Redeemable Preferred Stock
(the “Series B Preferred Stock”). The cash dividend of $0.328125 per
depositary share is payable on August 15, 2019 to shareholders of record
as of the close of business on August 2, 2019 and covers the period from
May 16, 2019 to August 15, 2019. Each depositary share represents
1/100th of a share of Series B Preferred Stock.

Boston Properties (NYSE: BXP) is the largest publicly-held developer and
owner 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. The Company’s portfolio totals 51.4
million square feet and 196 properties, including eleven properties
under construction. For more information about Boston Properties, please
visit our website at www.bostonproperties.com.

Contacts

Mike LaBelle
Executive Vice President
Chief Financial Officer
617.236.3352

Sara
Buda
Vice President, Investor Relations
[email protected]
617.236.3429

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