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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents$ 3,761$ 5,066
Real estate facilities, at cost:  
Land570,521562,678
Buildings and equipment1,818,5251,773,682
Gross real estate investment property2,389,0462,336,360
Accumulated depreciation(828,146)(772,407)
Net real estate investment property1,560,9001,563,953
Properties held for disposition, net 6,671
Land held for development6,8296,829
Total real estate investments1,567,7291,577,453
Rent receivable3,3013,127
Deferred rent receivable22,81922,277
Other assets14,08713,134
Total assets1,611,6971,621,057
LIABILITIES AND EQUITY  
Accrued and other liabilities55,63053,421
Credit facility146,00093,000
Mortgage notes payable47,85051,511
Total liabilities249,480197,932
Commitments and contingencies  
PS Business Parks, Inc.'s shareholders' equity:  
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 23,942 shares issued and outstanding at September 30, 2011 and December 31, 2010598,546598,546
Common stock, $0.01 par value, 100,000,000 shares authorized, 24,128,184 and 24,671,177 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively240246
Paid-in capital533,749557,882
Cumulative net income859,455784,616
Cumulative distributions(811,541)(747,762)
Total PS Business Parks, Inc.'s shareholders' equity1,180,4491,193,528
Noncontrolling interests:  
Preferred units5,58353,418
Common units176,185176,179
Total noncontrolling interests181,768229,597
Total equity1,362,2171,423,125
Total liabilities and equity$ 1,611,697$ 1,621,057