Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Equity

v3.20.4
Consolidated Statements Of Equity - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Paid-In Capital [Member]
Accumulated Earnings [Member]
Total PS Business Parks, Inc.'s Shareholders' Equity [Member]
Noncontrolling Interests [Member]
Total
Balances at Dec. 31, 2017 $ 959,750 $ 272 $ 735,067 $ (1,778) $ 1,693,311 $ 196,625 $ 1,889,936
Balances, shares at Dec. 31, 2017 38,390 27,254,607          
Issuance of common stock in connection with stock-based compensation   $ 2 3,008   3,010   3,010
Issuance of common stock in connection with stock-based compensation, shares   107,494          
Stock compensation, net     3,032   3,032   3,032
Cash paid for taxes in lieu of shares upon vesting of restricted stock units     (4,981)   (4,981)   (4,981)
Consolidation of joint venture (see Note 3)           4,032 4,032
Net income       226,702 226,702 45,199 271,901
Distributions              
Preferred stock (Note 9)       (51,880) (51,880)   (51,880)
Common stock       (103,837) (103,837)   (103,837)
Noncontrolling interests—Common Units           (27,760) (27,760)
Adjustment to noncontrolling interests-common units in the OP     5   5 (5)  
Balances at Dec. 31, 2018 $ 959,750 $ 274 736,131 69,207 1,765,362 218,091 1,983,453
Balances, shares at Dec. 31, 2018 38,390 27,362,101          
Issuance of preferred stock, net of issuance costs $ 325,000   (8,962)   316,038   316,038
Issuance of preferred stock, net of issuance costs, shares 13,000            
Redemption of preferred stock, net of issuance costs $ (340,000)   11,007 (11,007) (340,000)   (340,000)
Redemption of preferred stock, net of issuance costs, shares (13,600)            
Issuance of common stock in connection with stock-based compensation     969   969   969
Issuance of common stock in connection with stock-based compensation, shares   78,852          
Stock compensation, net     4,046   4,046   4,046
Cash paid for taxes in lieu of shares upon vesting of restricted stock units     (6,350)   (6,350)   (6,350)
Net income       174,966 174,966 29,006 203,972
Distributions              
Preferred stock (Note 9)       (54,346) (54,346)   (54,346)
Common stock       (115,154) (115,154)   (115,154)
Noncontrolling interests—Common Units           (30,683) (30,683)
Noncontrolling interests—Joint venture           (134) (134)
Adjustment to noncontrolling interests-common units in the OP     145   145 (145)  
Balances at Dec. 31, 2019 $ 944,750 $ 274 736,986 63,666 1,745,676 216,135 1,961,811
Balances, shares at Dec. 31, 2019 37,790 27,440,953          
Issuance of common stock in connection with stock-based compensation     258   258   258
Issuance of common stock in connection with stock-based compensation, shares   47,594          
Stock compensation, net     4,994   4,994   4,994
Cash paid for taxes in lieu of shares upon vesting of restricted stock units     (4,216)   (4,216)   (4,216)
Capital contribution to joint venture (Note 4)           493 493
Net income       173,547 173,547 33,158 206,705
Distributions              
Preferred stock (Note 9)       (48,186) (48,186)   (48,186)
Common stock       (115,396) (115,396)   (115,396)
Noncontrolling interests—Common Units           (30,683) (30,683)
Noncontrolling interests—Joint venture           (140) (140)
Balances at Dec. 31, 2020 $ 944,750 $ 274 $ 738,022 $ 73,631 $ 1,756,677 $ 218,963 $ 1,975,640
Balances, shares at Dec. 31, 2020 37,790 27,488,547