• BXP average return on tangible equity for 2023 was 5.52, a 39.47% decline from 2022.
• BXP average return on tangible equity for 2022 was 9.12, a 89.6% decline from 2021.
• BXP average return on tangible equity for 2021 was 4.81, a 57.77% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.