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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Rental income$ 76,562$ 69,773$ 223,127$ 205,853
Facility management fees170165517501
Total operating revenues76,73269,938223,644206,354
Expenses:    
Cost of operations24,88422,74374,80566,960
Depreciation and amortization21,42321,09363,20057,731
General and administrative1,3651,8314,6836,980
Total operating expenses47,67245,667142,688131,671
Other income and expenses:    
Interest and other income3760174260
Interest expense(1,261)(875)(3,621)(2,586)
Total other income and expenses(1,224)(815)(3,447)(2,326)
Income from continuing operations27,83623,45677,50972,357
Discontinued operations:    
Income from discontinued operations73103380380
Gain on sale of real estate facility2,717 2,7175,153
Total discontinued operations2,7901033,0975,533
Net income30,62623,55980,60677,890
Net income allocable to noncontrolling interests:    
Noncontrolling interests - common units4,5972,85212,8589,112
Noncontrolling interests - preferred units99984(7,091)4,118
Total net income allocable to noncontrolling interests4,6963,8365,76713,230
Net income allocable to PS Business Parks, Inc.:    
Common shareholders15,4449,60843,38230,583
Preferred shareholders10,45010,08031,34933,958
Restricted stock unit holders3635108119
Total net income allocable to PS Business Parks, Inc.25,93019,72374,83964,660
Net income$ 30,626$ 23,559$ 80,606$ 77,890
Net income per common share - basic:    
Continuing operations$ 0.54$ 0.39$ 1.66$ 1.07
Discontinued operations$ 0.09 $ 0.10$ 0.17
Net income$ 0.63$ 0.39$ 1.76$ 1.25
Net income per common share - diluted:    
Continuing operations$ 0.54$ 0.39$ 1.66$ 1.07
Discontinued operations$ 0.09 $ 0.10$ 0.17
Net income$ 0.63$ 0.39$ 1.75$ 1.24
Weighted average common shares outstanding:    
Basic24,54324,61024,64724,517
Diluted24,61224,74024,73824,663