Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 6,749,000 $ 37,379,000
Real estate facilities, at cost    
Land 837,891,000 762,731,000
Buildings and improvements 2,212,166,000 2,157,407,000
Gross real estate investment property 3,050,057,000 2,920,138,000
Accumulated depreciation (1,152,946,000) (1,097,748,000)
Net real estate investment property 1,897,111,000 1,822,390,000
Properties held for sale, net 124,937,000 128,093,000
Land and building held for development 30,515,000 30,848,000
Total real estate investments 2,052,563,000 1,981,331,000
Rent receivable 1,752,000 1,403,000
Deferred rent receivable 35,548,000 33,308,000
Other assets 21,122,000 15,173,000
Total assets 2,117,734,000 2,068,594,000
LIABILITIES AND EQUITY    
Accrued and other liabilities 92,252,000 85,141,000
Credit facility 50,000,000 0
Total liabilities 142,252,000 85,141,000
Commitments and contingencies
PS Business Parks, Inc.'s shareholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 38,390 shares issued and outstanding at September 30, 2019 and December 31, 2018, at liquidation preference 959,750,000 959,750,000
Common stock, $0.01 par value, 100,000,000 shares authorized, 27,435,139 and 27,362,101 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 274,000 274,000
Paid-in capital 734,760,000 736,131,000
Accumulated earnings 64,775,000 69,207,000
Total PS Business Parks, Inc.'s shareholders' equity 1,759,559,000 1,765,362,000
Noncontrolling interests 215,923,000 218,091,000
Total equity 1,975,482,000 1,983,453,000
Total liabilities and equity $ 2,117,734,000 $ 2,068,594,000