BXP Announces 2022 Tax Treatment of Its Distributions
January 17 2023 - 6:14PM
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 2022 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
2022
2022 Taxable Ordinary Dividends
2022 Qualified Dividends (1)
2022 Short-term Capital Gain
(1)
2022 Total Capital Gain Distribution
(2)
2022 Unrecaptured Section 1250 Gain
(3)
2022 Section 199A Dividends (1)
12/31/2021
1/28/2022
$0.980000
$0.980000
$0.848701
$0.003162
$0.001079
$0.131299
$0.087860
$0.844460
3/31/2022
4/29/2022
$0.980000
$0.980000
$0.848701
$0.003162
$0.001079
$0.131299
$0.087860
$0.844460
6/30/2022
7/29/2022
$0.980000
$0.980000
$0.848701
$0.003162
$0.001079
$0.131299
$0.087860
$0.844460
9/30/2022
10/31/2022
$0.980000
$0.980000
$0.848701
$0.003162
$0.001079
$0.131299
$0.087860
$0.844460
12/30/2022
1/30/2023
$0.980000
$0.025874
$0.022407
$0.000083
$0.000025
$0.003467
$0.002320
$0.022299
$4.900000
$3.945874
$3.417211
$0.012731
$0.004341
$0.528663
$0.353760
$3.400139
100%
86.6021%
13.3979%
(1) These amounts are a subset of, and
included in, the 2022 Taxable Ordinary Dividend amounts.
(2) These amounts are also reported as
Section 897 gains attributable to dispositions of USRPIs. In
addition, for purposes of Section 1061 of the Internal Revenue
Code, 100% of the distributions reported as 2022 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 interest.”
(3) Unrecaptured Section 1250 Gain is a
subset of, and included in, the 2022 Total Capital Gain
Distribution amount.
The entire common stock distribution with a record date of
December 31, 2021 is allocable to 2022 for federal income tax
purposes. The common stock distribution with a record date of
December 30, 2022 will be a split-year distribution with $0.025874
allocable to 2022 for federal income tax purposes and $0.954126
allocable to 2023 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, 2022, including properties owned by
unconsolidated joint ventures, BXP’s portfolio totaled 54.0 million
square feet and 192 properties, including 12 properties under
construction/redevelopment. For more information about BXP, please
visit our website.
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version on businesswire.com: https://www.businesswire.com/news/home/20230117006157/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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