Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Income

v3.20.4
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated Statements Of Income [Abstract]      
Rental income $ 415,623 $ 429,846 $ 413,516
Expenses      
Cost of operations 125,513 128,343 124,630
Depreciation and amortization 96,314 104,249 99,242
General and administrative 14,526 13,761 12,072
Total operating expenses 236,353 246,353 235,944
Interest and other income 1,234 4,492 1,510
Interest and other expense (1,072) (657) (665)
Gain on sale of real estate facilities 27,273 16,644 93,484
Net income 206,705 203,972 271,901
Allocation to noncontrolling interests (33,158) (29,006) (45,199)
Net income allocable to PS Business Parks, Inc. 173,547 174,966 226,702
Distributions (48,186) (54,346) (51,880)
Redemptions (Note 9)   (11,007)  
Allocation to restricted stock unit holders (716) (910) (1,923)
Net income allocable to common shareholders $ 124,645 $ 108,703 $ 172,899
Net income per common share      
Basic $ 4.54 $ 3.96 $ 6.33
Diluted $ 4.52 $ 3.95 $ 6.31
Weighted average common shares outstanding      
Basic 27,475 27,418 27,321
Diluted 27,563 27,526 27,422