Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF EQUITY

v3.22.2
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
Preferred stock, beginning balance (in shares) at Dec. 31, 2020   37,790          
Common stock, beginning balance (in shares) at Dec. 31, 2020     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)     52,917        
Issuance of common stock in connection with share-based compensation 907   $ 1 906   907  
Stock compensation, net 3,715     3,715   3,715  
Cash paid for taxes in lieu of stock upon vesting of restricted stock units (3,202)     (3,202)   (3,202)  
Capital contribution from noncontrolling interests—joint venture 287           287
Issuance costs (105)     (105)   (105)  
Net income 117,557       98,052 98,052 19,505
Distributions              
Preferred stock (Note 9) (24,093)       (24,093) (24,093)  
Common stock (57,790)       (57,790) (57,790)  
Noncontrolling interests—Common Units (15,341)           (15,341)
Noncontrolling interests—Joint venture (40)           (40)
Preferred stock, ending balance (in shares) at Jun. 30, 2021   37,790          
Common stock, ending balance (in shares) at Jun. 30, 2021     27,541,464        
Ending balance at Jun. 30, 2021 1,997,535 $ 944,750 $ 275 739,336 89,800 1,774,161 223,374
Preferred stock, beginning balance (in shares) at Mar. 31, 2021   37,790          
Common stock, beginning balance (in shares) at Mar. 31, 2021     27,516,939        
Beginning balance at Mar. 31, 2021 1,973,014 $ 944,750 $ 274 736,336 72,809 1,754,169 218,845
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock in connection with share-based compensation (in shares)     24,525        
Issuance of common stock in connection with share-based compensation 907   $ 1 906   907  
Stock compensation, net 2,099     2,099   2,099  
Cash paid for taxes in lieu of stock upon vesting of restricted stock units (5)     (5)   (5)  
Capital contribution from noncontrolling interests—joint venture 128           128
Net income 70,050       57,956 57,956 12,094
Distributions              
Preferred stock (Note 9) (12,047)       (12,047) (12,047)  
Common stock (28,918)       (28,918) (28,918)  
Noncontrolling interests—Common Units (7,670)           (7,670)
Noncontrolling interests—Joint venture (23)           (23)
Preferred stock, ending balance (in shares) at Jun. 30, 2021   37,790          
Common stock, ending balance (in shares) at Jun. 30, 2021     27,541,464        
Ending balance at Jun. 30, 2021 $ 1,997,535 $ 944,750 $ 275 739,336 89,800 1,774,161 223,374
Preferred stock, beginning balance (in shares) at Dec. 31, 2021 30,200 30,200          
Common stock, beginning balance (in shares) at Dec. 31, 2021 27,589,807   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)     41,692        
Issuance of common stock in connection with share-based compensation 2,102   $ 1 2,101   2,102  
Stock compensation, net 2,646     2,646   2,646  
Cash paid for taxes in lieu of stock upon vesting of restricted stock units (1,318)     (1,318)   (1,318)  
Capital contribution from noncontrolling interests—joint venture 413           413
Net income 208,665       169,228 169,228 39,437
Distributions              
Preferred stock (Note 9) (19,160)       (19,160) (19,160)  
Common stock (58,023)       (58,023) (58,023)  
Noncontrolling interests—Common Units (15,341)           (15,341)
Noncontrolling interests—Joint venture $ (45)           (45)
Preferred stock, ending balance (in shares) at Jun. 30, 2022 30,200 30,200          
Common stock, ending balance (in shares) at Jun. 30, 2022 27,631,499   27,631,499        
Ending balance at Jun. 30, 2022 $ 2,114,010 $ 755,000 $ 276 755,873 318,782 1,829,931 284,079
Preferred stock, beginning balance (in shares) at Mar. 31, 2022   30,200          
Common stock, beginning balance (in shares) at Mar. 31, 2022     27,627,443        
Beginning balance at Mar. 31, 2022 2,051,062 $ 755,000 $ 276 754,387 270,243 1,779,906 271,156
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock in connection with share-based compensation (in shares)     4,056        
Stock compensation, net 1,873     1,873   1,873  
Cash paid for taxes in lieu of stock upon vesting of restricted stock units (387)     (387)   (387)  
Capital contribution from noncontrolling interests—joint venture 227           227
Net income 107,520       87,132 87,132 20,388
Distributions              
Preferred stock (Note 9) (9,580)       (9,580) (9,580)  
Common stock (29,013)       (29,013) (29,013)  
Noncontrolling interests—Common Units (7,670)           (7,670)
Noncontrolling interests—Joint venture $ (22)           (22)
Preferred stock, ending balance (in shares) at Jun. 30, 2022 30,200 30,200          
Common stock, ending balance (in shares) at Jun. 30, 2022 27,631,499   27,631,499        
Ending balance at Jun. 30, 2022 $ 2,114,010 $ 755,000 $ 276 $ 755,873 $ 318,782 $ 1,829,931 $ 284,079