Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF EQUITY

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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Paid-in Capital
Accumulated Earnings
Total PS Business Parks, Inc.’s Stockholders' Equity
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2020   37,790 27,488,547        
Beginning balance at Dec. 31, 2020 $ 1,975,640 $ 944,750 $ 274 $ 738,022 $ 73,631 $ 1,756,677 $ 218,963
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock in connection with share-based compensation (in shares)     28,392        
Stock compensation, net 1,616     1,616   1,616  
Cash paid for taxes in lieu of stock upon vesting of restricted stock units (3,197)     (3,197)   (3,197)  
Capital contribution from noncontrolling interests—joint venture 159           159
Issuance costs (105)     (105)   (105)  
Net income 47,507       40,096 40,096 7,411
Distributions              
Preferred stock (Note 9) (12,046)       (12,046) (12,046)  
Common stock ($1.05 per share) (28,872)       (28,872) (28,872)  
Noncontrolling interests—Common Units (7,671)           (7,671)
Noncontrolling interests—Joint venture (17)           (17)
Ending balance (in shares) at Mar. 31, 2021   37,790 27,516,939        
Ending balance at Mar. 31, 2021 1,973,014 $ 944,750 $ 274 736,336 72,809 1,754,169 218,845
Beginning balance (in shares) at Dec. 31, 2021   30,200 27,589,807        
Beginning balance at Dec. 31, 2021 1,994,071 $ 755,000 $ 275 752,444 226,737 1,734,456 259,615
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock in connection with share-based compensation (in shares)     37,636        
Issuance of common stock in connection with share-based compensation 2,102   $ 1 2,101   2,102  
Stock compensation, net 773     773   773  
Cash paid for taxes in lieu of stock upon vesting of restricted stock units (931)     (931)   (931)  
Capital contribution from noncontrolling interests—joint venture 186           186
Net income 101,145       82,096 82,096 19,049
Distributions              
Preferred stock (Note 9) (9,580)       (9,580) (9,580)  
Common stock ($1.05 per share) (29,010)       (29,010) (29,010)  
Noncontrolling interests—Common Units (7,671)           (7,671)
Noncontrolling interests—Joint venture (23)           (23)
Ending balance (in shares) at Mar. 31, 2022   30,200 27,627,443        
Ending balance at Mar. 31, 2022 $ 2,051,062 $ 755,000 $ 276 $ 754,387 $ 270,243 $ 1,779,906 $ 271,156