PS Business Parks, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Debt - Schedule of Long-term Debt Arrangements (Details)

v3.22.4

Debt - Schedule of Long-term Debt Arrangements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,904,395
Unamortized debt issuance costs, net	(8,438)	$ 0
Unamortized discounts, net	(30,404)	0
Total debt	$ 3,865,553	32,000
Debt, weighted average interest rate	7.59%
Secured Overnight Financing Rate (SOFR) \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
Secured Overnight Financing Rate (SOFR) \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	3.99%
Mortgages
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,904,395	0
Mortgages \| Minimum
Debt Instrument [Line Items]
Interest rate	6.57%
Mortgages \| Maximum
Debt Instrument [Line Items]
Interest rate	8.33%
Unsecured Revolving Line Of Credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 0	32,000
Line of credit facility, maximum borrowing capacity		$ 400,000
Unsecured Revolving Line Of Credit \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		0.70%

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