v3.21.2
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Consolidated Statements Of Income [Abstract]        
Rental income $ 109,364 $ 100,559 $ 217,411 $ 206,775
Expenses        
Cost of operations 31,849 30,131 65,067 61,394
Depreciation and amortization 22,514 22,963 45,499 49,582
General and administrative 4,799 3,004 9,181 6,327
Total operating expenses 59,162 56,098 119,747 117,303
Interest and other income 923 225 1,179 782
Interest and other expense (268) (203) (479) (364)
Gain on sale of real estate facility 19,193   19,193 19,621
Net income 70,050 44,483 117,557 109,511
Allocation to noncontrolling interests (12,094) (6,795) (19,505) (17,887)
Net income allocable to PS Business Parks, Inc. 57,956 37,688 98,052 91,624
Allocation to preferred stockholders (12,047) (12,047) (24,093) (24,093)
Allocation to restricted stock unit holders (314) (119) (478) (394)
Net income allocable to common stockholders $ 45,595 $ 25,522 $ 73,481 $ 67,137
Net income per share of common stock        
Basic $ 1.66 $ 0.93 $ 2.67 $ 2.44
Diluted $ 1.65 $ 0.93 $ 2.66 $ 2.44
Weighted average common stock outstanding        
Basic 27,531 27,479 27,513 27,464
Diluted 27,632 27,560 27,611 27,557

Source