v3.21.1
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Consolidated Statements Of Income [Abstract]    
Rental income $ 108,047 $ 106,216
Expenses    
Cost of operations 33,218 31,263
Depreciation and amortization 22,985 26,619
General and administrative 4,382 3,323
Total operating expenses 60,585 61,205
Interest and other income 256 557
Interest and other expense (211) (161)
Gain on sale of real estate facility   19,621
Net income 47,507 65,028
Allocation to noncontrolling interests (7,411) (11,092)
Net income allocable to PS Business Parks, Inc. 40,096 53,936
Allocation to preferred shareholders (12,046) (12,046)
Allocation to restricted stock unit holders (164) (275)
Net income allocable to common shareholders $ 27,886 $ 41,615
Net income per common share    
Basic $ 1.01 $ 1.52
Diluted $ 1.01 $ 1.51
Weighted average common shares outstanding    
Basic 27,495 27,448
Diluted 27,594 27,550

Source