Ps business parks inc/ca (PSB)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Cash and cash equivalents

87

62

6

42

39

37

8

7

39

114

132

5

4

128

5

3

195

188

252

200

188

152

57

62

45

31

17

18

8

12

159

3

6

4

3

2

4

5

19

43

208

Real estate facilities, at cost
Land

857

846

837

772

816

758

816

816

790

769

789

789

789

770

799

793

793

793

793

793

798

793

789

790

827

781

792

787

787

793

792

772

772

772

570

569

564

562

517

507

493

Buildings and improvements

2,214

2,206

2,212

2,171

2,382

2,138

2,366

2,362

2,244

2,156

2,254

2,241

2,231

2,128

2,238

2,225

2,220

2,215

2,209

2,200

2,216

2,182

2,194

2,209

2,355

2,152

2,268

2,243

2,232

2,235

2,211

2,178

2,166

2,155

1,818

1,806

1,788

1,773

1,681

1,649

1,528

Gross real estate investment property

3,072

3,052

3,050

2,943

3,198

2,897

3,182

3,178

3,035

2,925

3,043

3,030

3,021

2,899

3,038

3,018

3,013

3,009

3,002

2,993

3,015

2,976

2,983

2,999

3,182

2,933

3,061

3,030

3,019

3,028

3,003

2,950

2,939

2,928

2,389

2,375

2,353

2,336

2,199

2,156

2,021

Accumulated depreciation

1,181

1,159

1,152

1,135

1,265

1,087

1,219

1,201

1,180

1,161

1,219

1,198

1,178

1,090

1,147

1,126

1,104

1,082

1,059

1,036

1,031

991

990

992

1,061

918

1,011

988

966

942

917

893

871

845

828

809

795

772

758

740

707

Net real estate investment property

1,890

1,893

1,897

1,808

1,933

1,810

1,963

1,976

1,854

1,764

1,824

1,832

1,842

1,808

1,890

1,892

1,909

1,926

1,943

1,957

1,983

1,985

1,992

2,007

2,120

2,015

2,049

2,042

2,053

2,086

2,085

2,057

2,068

2,082

1,560

1,565

1,557

1,563

1,440

1,415

1,314

Properties held for sale, net

-

11

124

124

-

140

9

9

34

49

-

-

-

48

-

-

-

-

-

14

0

25

123

99

-

124

-

-

-

-

1

1

-

1

-

6

-

6

-

-

4

Land and building held for development, net

26

28

30

31

31

30

30

30

29

29

29

28

28

27

6

6

6

6

27

26

25

24

24

23

24

22

22

22

22

6

6

6

6

6

6

6

6

6

6

6

6

Total real estate investments

1,917

1,932

2,052

1,965

1,965

1,981

2,003

2,016

1,919

1,843

1,853

1,861

1,870

1,883

1,896

1,898

1,915

1,932

1,970

1,998

2,009

2,035

2,139

2,129

2,145

2,162

2,072

2,064

2,075

2,092

2,093

2,065

2,074

2,090

1,567

1,579

1,564

1,577

1,447

1,422

1,325

Rent receivable

2

1

1

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in and advances to unconsolidated joint venture

-

-

-

-

-

-

-

-

-

100

96

91

82

67

55

39

30

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rent receivable, net

-

-

-

2

3

-

2

1

3

1

2

2

3

1

2

2

3

2

3

4

5

2

3

4

8

5

4

4

6

4

4

5

4

3

3

3

4

3

3

2

2

Deferred rent receivable

33

32

35

34

33

33

32

31

32

32

31

31

30

29

29

29

29

28

28

28

27

26

28

27

27

25

26

26

25

25

25

25

24

23

22

22

22

22

22

22

21

Other assets

12

16

21

13

14

15

16

14

6

7

8

6

5

8

10

8

5

7

9

8

6

10

12

7

7

13

14

11

10

15

17

14

12

16

14

11

9

13

13

10

7

Total assets

2,054

2,046

2,117

2,057

2,056

2,068

2,063

2,072

2,000

2,100

2,125

1,998

1,997

2,119

1,999

1,982

2,179

2,186

2,264

2,239

2,237

2,227

2,242

2,231

2,234

2,238

2,136

2,126

2,126

2,151

2,300

2,113

2,121

2,138

1,611

1,619

1,606

1,621

1,505

1,501

1,564

LIABILITIES AND EQUITY
Accrued and other liabilities

78

84

92

80

80

85

85

81

78

80

82

77

75

78

83

74

74

76

80

70

68

68

80

69

71

73

75

65

66

69

73

68

65

60

55

51

51

53

54

49

46

Preferred stock called for redemption

-

-

-

-

-

-

-

-

-

130

220

-

-

230

-

-

-

-

75

-

-

-

-

-

-

-

-

-

-

-

132

-

-

-

-

-

-

-

-

-

-

Credit facility

-

-

50

-

-

-

-

10

2

-

-

101

107

-

60

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

185

146

17

-

93

-

-

-

Term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90

90

90

200

200

240

250

250

-

-

-

-

-

-

-

Note payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

121

-

-

-

-

Mortgage note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

250

250

250

250

250

250

250

250

250

250

250

250

268

281

281

281

282

47

48

48

51

51

52

52

Total liabilities

78

84

142

80

80

85

85

91

81

210

302

178

182

308

143

128

324

326

405

320

318

318

330

319

321

323

415

405

406

537

687

590

703

778

249

233

221

197

106

102

99

Commitments and contingencies

-

-

-

-

-

-

0

0

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

PS Business Parks, Inc.'s shareholders' equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 37,790 shares issued and outstanding at ($944,750 aggregate liquidation preference) at March 31, 2020 and December 31, 2019

944

944

959

959

959

959

959

959

959

959

889

879

879

879

920

920

920

920

920

995

995

995

995

995

995

995

995

995

995

885

885

787

664

598

598

598

598

598

571

571

626

Common stock, $0.01 par value, 100,000,000 shares authorized, 27,477,303 and 27,440,953 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Paid-in capital

734

736

734

733

732

736

734

733

732

735

735

735

733

733

729

726

723

722

719

714

711

709

706

704

701

699

540

539

536

537

535

535

536

534

533

560

559

557

556

556

548

Accumulated earnings

76

63

64

67

67

69

66

69

21

-1

0

1,580

1,542

-0

1,467

1,433

1,403

1,375

1,346

1,306

1,279

1,244

1,147

1,121

1,096

1,070

1,038

1,014

990

967

944

922

899

878

859

833

811

784

763

744

699

Cumulative distributions

-

-

-

-

-

-

-

-

-

-

-

1,575

1,539

-

1,459

1,425

1,391

1,357

1,326

1,293

1,264

1,235

1,133

1,104

1,076

1,047

1,020

994

968

944

919

892

860

832

811

790

769

747

724

703

658

Total PS Business Parks, Inc.'s shareholders' equity

1,755

1,745

1,759

1,760

1,760

1,765

1,760

1,763

1,714

1,693

1,625

1,620

1,616

1,613

1,657

1,655

1,656

1,660

1,659

1,722

1,721

1,713

1,715

1,715

1,717

1,717

1,553

1,553

1,553

1,445

1,444

1,352

1,239

1,179

1,180

1,202

1,201

1,193

1,168

1,168

1,215

Preferred units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5

5

5

5

5

53

53

53

73

Common units

-

-

-

-

-

-

-

-

-

-

-

198

197

-

198

198

198

200

199

197

197

194

195

195

196

196

167

167

167

168

168

170

173

175

176

178

178

176

176

177

176

Noncontrolling interests

219

216

215

216

216

218

216

217

205

196

197

198

197

197

198

198

198

200

199

197

197

194

195

195

196

196

167

167

167

168

168

170

179

181

181

183

183

229

230

230

249

Total equity

1,975

1,961

1,975

1,977

1,976

1,983

1,977

1,981

1,919

1,889

1,823

1,819

1,814

1,810

1,856

1,853

1,855

1,860

1,858

1,919

1,918

1,908

1,911

1,911

1,913

1,914

1,720

1,721

1,720

1,614

1,613

1,523

1,418

1,360

1,362

1,386

1,384

1,423

1,398

1,399

1,465

Total liabilities and equity

2,054

2,046

2,117

2,057

2,056

2,068

2,063

2,072

2,000

2,100

2,125

1,998

1,997

2,119

1,999

1,982

2,179

2,186

2,264

2,239

2,237

2,227

2,242

2,231

2,234

2,238

2,136

2,126

2,126

2,151

2,300

2,113

2,121

2,138

1,611

1,619

1,606

1,621

1,505

1,501

1,564