v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 104,204 $ 27,074
Real estate facilities, at cost    
Land 865,214 867,345
Buildings and improvements 2,244,104 2,239,137
Gross real estate investment property 3,109,318 3,106,482
Accumulated depreciation (1,197,811) (1,178,397)
Net real estate investment property 1,911,507 1,928,085
Properties held for sale, net 0 33,609
Land and building held for development, net 97,212 78,990
Total real estate investments 2,008,719 2,040,684
Rent receivable 2,988 1,621
Deferred rent receivable 37,484 37,581
Other assets 13,176 16,262
Total assets 2,166,571 2,123,222
LIABILITIES AND EQUITY    
Accrued and other liabilities 95,509 97,151
Credit facility 20,000 32,000
Total liabilities 115,509 129,151
Commitments and contingencies
Equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 30,200 shares issued and outstanding at March 31, 2022 and December 31, 2021 755,000 755,000
Common stock, $0.01 par value, 100,000,000 shares authorized, 27,627,443 and 27,589,807 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 276 275
Paid-in capital 754,387 752,444
Accumulated earnings 270,243 226,737
Total PS Business Parks, Inc.’s stockholders’ equity 1,779,906 1,734,456
Noncontrolling interests 271,156 259,615
Total equity 2,051,062 1,994,071
Total liabilities and equity $ 2,166,571 $ 2,123,222

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