v3.22.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Rental income $ 112,840 $ 108,047
Expenses    
Cost of operations 34,114 33,218
Depreciation and amortization 23,132 22,985
General and administrative 11,324 4,382
Total operating expenses 68,570 60,585
Interest and other income 246 256
Interest and other expense (330) (211)
Gain on sale of real estate facilities 56,959 0
Net income 101,145 47,507
Allocation to noncontrolling interests (19,049) (7,411)
Net income allocable to PS Business Parks, Inc. 82,096 40,096
Allocation to preferred stockholders (9,580) (12,046)
Allocation to restricted stock unit holders (523) (164)
Net income allocable to common stockholders $ 71,993 $ 27,886
Net income per share of common stock    
Basic (in dollars per share) $ 2.61 $ 1.01
Diluted (in dollars per share) $ 2.60 $ 1.01
Weighted average common stock outstanding    
Basic (in shares) 27,607 27,495
Diluted (in shares) 27,691 27,594

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