v3.21.2
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Consolidated Statements Of Income [Abstract]        
Rental income $ 110,448 $ 103,760 $ 327,859 $ 310,535
Expenses        
Cost of operations 33,091 32,096 98,158 93,490
Depreciation and amortization 23,857 23,064 69,356 72,646
General and administrative 5,148 5,047 14,329 11,374
Total operating expenses 62,096 60,207 181,843 177,510
Interest and other income 411 230 1,590 1,012
Interest and other expense (224) (536) (703) (900)
Gain on sale of real estate facilities 29,924 7,652 49,117 27,273
Net income 78,463 50,899 196,020 160,410
Allocation to noncontrolling interests (13,850) (8,124) (33,355) (26,011)
Net income allocable to PS Business Parks, Inc. 64,613 42,775 162,665 134,399
Allocation to preferred stockholders (12,046) (12,046) (36,139) (36,139)
Allocation to restricted stock unit holders (350) (149) (828) (543)
Net income allocable to common stockholders $ 52,217 $ 30,580 $ 125,698 $ 97,717
Net income per share of common stock        
Basic $ 1.90 $ 1.11 $ 4.57 $ 3.56
Diluted $ 1.89 $ 1.11 $ 4.55 $ 3.55
Weighted average common stock outstanding        
Basic 27,543 27,483 27,523 27,470
Diluted 27,635 27,565 27,623 27,560

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