Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Income

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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Consolidated Statements Of Income [Abstract]      
Rental income $ 438,703 $ 415,623 $ 429,846
Expenses      
Cost of operations 130,896 125,513 128,343
Depreciation and amortization 93,486 96,314 104,249
General and administrative 19,057 14,526 13,761
Total operating expenses 243,439 236,353 246,353
Interest and other income 2,536 1,234 4,492
Interest and other expense (4,646) (1,072) (657)
Gain on sale of real estate facilities 359,875 27,273 16,644
Net income 553,029 206,705 203,972
Allocation to noncontrolling interests (104,270) (33,158) (29,006)
Net income allocable to PS Business Parks, Inc. 448,759 173,547 174,966
Allocation to preferred stockholders based upon Distributions (46,624) (48,186) (54,346)
Preferred securities redemption charge (Note 9) (6,434)   (11,007)
Allocation to restricted stock unit holders (2,613) (716) (910)
Net income allocable to common stockholders $ 393,088 $ 124,645 $ 108,703
Net income per share of common stock      
Basic $ 14.28 $ 4.54 $ 3.96
Diluted $ 14.22 $ 4.52 $ 3.95
Weighted average common stock outstanding      
Basic 27,534 27,475 27,418
Diluted 27,636 27,563 27,526