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 |
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| 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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- Definition Net Income Allocable To Restricted Stock Unit Holders No definition available.
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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