Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Income

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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Consolidated Statements Of Income [Abstract]        
Rental income $ 108,064 $ 103,808 $ 323,671 $ 309,391
Expenses        
Cost of operations 32,468 31,197 97,521 94,449
Depreciation and amortization 26,220 25,207 75,863 73,505
General and administrative 4,051 2,882 10,111 8,560
Total operating expenses 62,739 59,286 183,495 176,514
Interest and other income 1,384 488 2,766 1,066
Interest and other expense (199) (167) (484) (499)
Gain on sale of real estate facilities       85,283
Net income 46,510 44,843 142,458 218,727
Allocation to noncontrolling interests (7,020) (6,514) (21,670) (36,814)
Net income allocable to PS Business Parks, Inc. 39,490 38,329 120,788 181,913
Allocation to preferred shareholders (12,959) (12,959) (38,877) (38,921)
Allocation to restricted stock unit holders (219) (239) (699) (1,592)
Net income allocable to common shareholders $ 26,312 $ 25,131 $ 81,212 $ 141,400
Net income per common share        
Basic $ 0.96 $ 0.92 $ 2.96 $ 5.18
Diluted $ 0.96 $ 0.92 $ 2.95 $ 5.16
Weighted average common shares outstanding        
Basic 27,432 27,339 27,411 27,310
Diluted 27,543 27,442 27,512 27,412