Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Equity

v3.19.3
Consolidated Statements Of Equity - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Paid-In Capital [Member]
Accumulated Earnings (Deficit) [Member]
Total PS Business Parks, Inc.'s Shareholders' Equity [Member]
Noncontrolling Interests [Member]
Total
Balances at Dec. 31, 2017 $ 959,750 $ 272 $ 735,067 $ (1,778) $ 1,693,311 $ 196,625 $ 1,889,936
Balances, shares at Dec. 31, 2017 38,390 27,254,607          
Issuance of common stock in connection with stock-based compensation   $ 1 1,678   1,679   1,679
Issuance of common stock in connection with stock-based compensation, shares   91,955          
Stock compensation, net     2,098   2,098   2,098
Cash paid for taxes in lieu of shares upon vesting of restricted stock units     (4,955)   (4,955)   (4,955)
Consolidation of joint venture (see Note 3)           4,032 4,032
Net income       181,913     218,727
Net income allocable to PS Business Parks, Inc.         181,913   181,913
Net income allocable to Noncontrolling Interests           36,814 36,814
Distributions              
Preferred stock (Note 8)       (38,921) (38,921)   (38,921)
Common stock       (75,107) (75,107)   (75,107)
Common Units           (20,090) (20,090)
Adjustment to noncontrolling interests - common units in the OP     453   453 (453)  
Balances at Sep. 30, 2018 $ 959,750 $ 273 734,341 66,107 1,760,471 216,928 1,977,399
Balances, shares at Sep. 30, 2018 38,390 27,346,562          
Balances at Jun. 30, 2018 $ 959,750 $ 272 733,617 69,448 1,763,087 217,932 1,981,019
Balances, shares at Jun. 30, 2018 38,390 27,331,834          
Issuance of common stock in connection with stock-based compensation   $ 1 450   451   451
Issuance of common stock in connection with stock-based compensation, shares   14,728          
Stock compensation, net     853   853   853
Cash paid for taxes in lieu of shares upon vesting of restricted stock units     (426)   (426)   (426)
Net income       38,329 38,329   44,843
Net income allocable to PS Business Parks, Inc.             38,329
Net income allocable to Noncontrolling Interests           6,514 6,514
Distributions              
Preferred stock (Note 8)       (12,959) (12,959)   (12,959)
Common stock       (28,711) (28,711)   (28,711)
Common Units           (7,671) (7,671)
Adjustment to noncontrolling interests - common units in the OP     (153)   (153) 153  
Balances at Sep. 30, 2018 $ 959,750 $ 273 734,341 66,107 1,760,471 216,928 1,977,399
Balances, shares at Sep. 30, 2018 38,390 27,346,562          
Balances at Dec. 31, 2018 $ 959,750 $ 274 736,131 69,207 1,765,362 218,091 1,983,453
Balances, shares at Dec. 31, 2018 38,390 27,362,101          
Balances at Jun. 30, 2019 $ 959,750 $ 274 733,777 67,049 1,760,850 216,327 1,977,177
Balances, shares at Jun. 30, 2019 38,390 27,429,756          
Balances at Dec. 31, 2018 $ 959,750 $ 274 736,131 69,207 1,765,362 218,091 1,983,453
Balances, shares at Dec. 31, 2018 38,390 27,362,101          
Issuance of common stock in connection with stock-based compensation     709   709   709
Issuance of common stock in connection with stock-based compensation, shares   73,038          
Stock compensation, net     3,292   3,292   3,292
Cash paid for taxes in lieu of shares upon vesting of restricted stock units     (6,120)   (6,120)   (6,120)
Net income       120,788     142,458
Net income allocable to PS Business Parks, Inc.         120,788   120,788
Net income allocable to Noncontrolling Interests           21,670 21,670
Distributions              
Preferred stock (Note 8)       (38,877) (38,877)   (38,877)
Common stock       (86,343) (86,343)   (86,343)
Common Units           (23,012) (23,012)
Joint Venture           (78) (78)
Adjustment to noncontrolling interests - common units in the OP     748   748 (748)  
Balances at Sep. 30, 2019 $ 959,750 $ 274 734,760 64,775 1,759,559 215,923 1,975,482
Balances, shares at Sep. 30, 2019 38,390 27,435,139          
Balances at Jun. 30, 2019 $ 959,750 $ 274 733,777 67,049 1,760,850 216,327 1,977,177
Balances, shares at Jun. 30, 2019 38,390 27,429,756          
Issuance of common stock in connection with stock-based compensation, shares   5,383          
Stock compensation, net     1,883   1,883   1,883
Cash paid for taxes in lieu of shares upon vesting of restricted stock units     (620)   (620)   (620)
Net income       39,490     46,510
Net income allocable to PS Business Parks, Inc.         39,490   39,490
Net income allocable to Noncontrolling Interests           7,020 7,020
Distributions              
Preferred stock (Note 8)       (12,959) (12,959)   (12,959)
Common stock       (28,805) (28,805)   (28,805)
Common Units           (7,671) (7,671)
Joint Venture           (33) (33)
Adjustment to noncontrolling interests - common units in the OP     (280)   (280) 280  
Balances at Sep. 30, 2019 $ 959,750 $ 274 $ 734,760 $ 64,775 $ 1,759,559 $ 215,923 $ 1,975,482
Balances, shares at Sep. 30, 2019 38,390 27,435,139