Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 69,083 $ 62,786
Real estate facilities, at cost    
Land 874,680 844,419
Buildings and improvements 2,247,389 2,203,308
Gross real estate investment property 3,122,069 3,047,727
Accumulated depreciation (1,229,102) (1,158,489)
Net real estate investment property 1,892,967 1,889,238
Properties held for sale, net   15,264
Land and building held for development, net 43,014 28,110
Total real estate investments 1,935,981 1,932,612
Rent receivable 1,519 1,392
Deferred rent receivable 36,788 32,993
Other assets 14,334 16,660
Total assets 2,057,705 2,046,443
LIABILITIES AND EQUITY    
Accrued and other liabilities 82,065 84,632
Total liabilities 82,065 84,632
Commitments and contingencies
PS Business Parks, Inc.'s shareholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 37,790 shares issued and outstanding at ($944,750 aggregate liquidation preference) December 31, 2020 and 2019 944,750 944,750
Common stock, $0.01 par value, 100,000,000 shares authorized, 27,488,547 and 27,440,953 shares issued and outstanding at December 31, 2020 and 2019, respectively 274 274
Paid-in capital 738,022 736,986
Accumulated earnings (deficit) 73,631 63,666
Total PS Business Parks, Inc.'s shareholders' equity 1,756,677 1,745,676
Noncontrolling interests 218,963 216,135
Total equity 1,975,640 1,961,811
Total liabilities and equity $ 2,057,705 $ 2,046,443