v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 115,965 $ 69,083
Real estate facilities, at cost    
Land 865,081 864,092
Buildings and improvements 2,204,461 2,186,621
Gross real estate investment property 3,069,542 3,050,713
Accumulated depreciation (1,219,040) (1,181,402)
Net real estate investment property 1,850,502 1,869,311
Properties held for sale, net 12,871 26,273
Land and building held for development, net 52,529 40,397
Total real estate investments 1,915,902 1,935,981
Rent receivable 1,903 1,519
Deferred rent receivable 37,589 36,788
Other assets 15,165 14,334
Total assets 2,086,524 2,057,705
LIABILITIES AND EQUITY    
Accrued and other liabilities 88,989 82,065
Total liabilities 88,989 82,065
Commitments and contingencies
PS Business Parks, Inc.'s stockholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 37,790 shares issued and outstanding at ($944,750 aggregate liquidation preference) June 30, 2021 and December 31, 2020 944,750 944,750
Common stock, $0.01 par value, 100,000,000 shares authorized, 27,541,464 and 27,488,547 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 275 274
Paid-in capital 739,336 738,022
Accumulated earnings 89,800 73,631
Total PS Business Parks, Inc.'s stockholders' equity 1,774,161 1,756,677
Noncontrolling interests 223,374 218,963
Total equity 1,997,535 1,975,640
Total liabilities and equity $ 2,086,524 $ 2,057,705

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