v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 46,594 $ 69,083
Real estate facilities, at cost    
Land 865,062 843,765
Buildings and improvements 2,207,095 2,080,895
Gross real estate investment property 3,072,157 2,924,660
Accumulated depreciation (1,157,947) (1,101,739)
Net real estate investment property 1,914,210 1,822,921
Properties held for sale, net 46,811 75,138
Land and building held for development, net 62,467 37,922
Total real estate investments 2,023,488 1,935,981
Rent receivable 2,427 1,519
Deferred rent receivable 37,078 36,788
Other assets 18,891 14,334
Total assets 2,128,478 2,057,705
LIABILITIES AND EQUITY    
Accrued and other liabilities 99,208 82,065
Total liabilities 99,208 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) September 30, 2021 and December 31, 2020 944,750 944,750
Common stock, $0.01 par value, 100,000,000 shares authorized, 27,546,153 and 27,488,547 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 275 274
Paid-in capital 741,032 738,022
Accumulated earnings 113,444 73,631
Total PS Business Parks, Inc.'s stockholders' equity 1,799,501 1,756,677
Noncontrolling interests 229,769 218,963
Total equity 2,029,270 1,975,640
Total liabilities and equity $ 2,128,478 $ 2,057,705

Source