Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Equity

v3.22.0.1
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 Stockholders' Equity [Member]
Noncontrolling Interests [Member]
Total
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-based compensation, net     4,046   4,046   4,046
Cash paid for taxes in lieu of stock 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-based compensation, net     4,994   4,994   4,994
Cash paid for taxes in lieu of stock upon vesting of restricted stock units     (4,216)   (4,216)   (4,216)
Capital contribution from non controlling interests - 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          
Redemption of preferred stock, net of issuance costs $ (189,750)   6,434 (6,434) (189,750)   (189,750)
Redemption of preferred stock, net of issuance costs, shares (7,590)            
Issuance of common stock in connection with stock-based compensation   $ 1 5,011   5,012   5,012
Issuance of common stock in connection with stock-based compensation, shares   101,260          
Stock-based compensation, net     7,022   7,022   7,022
Cash paid for taxes in lieu of stock upon vesting of restricted stock units     (3,940)   (3,940)   (3,940)
Capital contribution from non controlling interests - joint venture (Note 4)           746 746
Issuance costs     (105)   (105)   (105)
Net income       448,759 448,759 104,270 553,029
Distributions              
Preferred stock (Note 9)       (46,624) (46,624)   (46,624)
Common stock       (242,595) (242,595)   (242,595)
Noncontrolling interests—Common Units           (64,287) (64,287)
Noncontrolling interests—Joint venture           (77) (77)
Balances at Dec. 31, 2021 $ 755,000 $ 275 $ 752,444 $ 226,737 $ 1,734,456 $ 259,615 $ 1,994,071
Balances, shares at Dec. 31, 2021 30,200 27,589,807