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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Rental income $ 73,053 $ 69,432 $ 146,565 $ 136,080
Facility management fees 169 163 347 336
Total operating revenues 73,222 69,595 146,912 136,416
Expenses:        
Cost of operations 24,213 21,476 49,921 44,217
Depreciation and amortization 21,023 18,560 41,777 36,638
General and administrative 1,748 2,400 3,318 5,149
Total operating expenses 46,984 42,436 95,016 86,004
Other income and expenses:        
Interest and other income 43 91 137 200
Interest expense (1,145) (856) (2,360) (1,711)
Total other income and expenses (1,102) (765) (2,223) (1,511)
Income from continuing operations 25,136 26,394 49,673 48,901
Discontinued operations:        
Income from discontinued operations 171 96 307 277
Gain on sale of real estate facility       5,153
Total discontinued operations 171 96 307 5,430
Net income 25,307 26,490 49,980 54,331
Net income allocable to noncontrolling interests:        
Noncontrolling interests - common units 3,362 2,749 8,262 6,261
Noncontrolling interests - preferred units 100 1,752 (7,190) 3,134
Total net income allocable to noncontrolling interests 3,462 4,501 1,072 9,395
Net income allocable to PS Business Parks, Inc.:        
Common shareholders 11,374 9,229 27,937 20,974
Preferred shareholders 10,449 12,723 20,899 23,878
Restricted stock unit holders 22 37 72 84
Total net income allocable to PS Business Parks, Inc. 21,845 21,989 48,908 44,936
Net income $ 25,307 $ 26,490 $ 49,980 $ 54,331
Net income per common share - basic:        
Continuing operations $ 0.45 $ 0.37 $ 1.12 $ 0.69
Discontinued operations $ 0.01   $ 0.01 $ 0.17
Net income $ 0.46 $ 0.38 $ 1.13 $ 0.86
Net income per common share - diluted:        
Continuing operations $ 0.45 $ 0.37 $ 1.12 $ 0.68
Discontinued operations $ 0.01   $ 0.01 $ 0.17
Net income $ 0.46 $ 0.37 $ 1.13 $ 0.85
Weighted average common shares outstanding:        
Basic 24,715 24,524 24,700 24,469
Diluted 24,807 24,669 24,800 24,611