Ps business parks inc/ca (PSB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Rental income

429,800

413,500

402,200

386,871

373,135

376,255

359,246

346,548

297,457

276,276

269,012

281,115

Facility management fees

-

-

-

-

-

660

639

649

684

672

698

728

Total operating revenues

-

-

-

-

-

376,915

359,885

347,197

298,141

276,948

269,710

281,843

Expenses
Cost of operations

128,343

124,630

122,348

123,108

121,224

127,371

114,831

114,108

99,917

89,348

85,039

87,182

Depreciation and amortization

104,249

99,242

94,270

99,486

105,394

110,357

108,917

109,398

84,391

78,354

84,011

99,317

General and administrative

13,761

12,072

12,671

14,862

13,582

13,639

5,312

8,919

9,036

9,651

6,202

8,099

Total operating expenses

246,353

235,944

229,289

237,456

240,200

251,367

229,060

232,425

193,344

177,353

175,252

194,598

Operating Income

-

-

-

-

132,935

-

-

-

-

-

-

-

Interest and other income

4,492

1,510

942

1,233

1,130

372

1,485

241

221

333

536

1,457

Interest and other expense

657

665

1,285

5,664

13,330

13,593

16,166

20,618

5,455

3,534

3,552

3,952

Total other income and (expenses)

-

-

-

-

-

-13,221

-14,681

-20,377

-5,234

-3,201

-3,016

-2,495

Equity in loss of unconsolidated joint venture

-

-

-805

-

-

-

-

-

-

-

-

-

Gain on sale of real estate facility

16,644

93,484

1,209

-

28,235

92,373

-

935

2,717

5,153

1,488

-

Gain on sale of development rights

-

-

6,400

-

-

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

94,395

99,563

96,394

91,442

84,750

Discontinued operations:
Income from discontinued operations

-

-

-

-

-

-

-

42

360

475

1,409

597

Total discontinued operations

-

-

-

-

-

-

-

977

3,077

5,628

2,897

597

Net income

203,972

271,901

179,316

144,984

148,970

204,700

116,144

95,372

102,640

102,022

94,339

85,347

Noncontrolling interests - common units

-

-

-

-

-

30,729

12,952

5,970

15,543

11,594

19,730

8,296

Noncontrolling interests - preferred units

-

-

-

-

-

-

-

323

-6,991

5,103

-2,569

7,007

Allocation to noncontrolling interests

29,006

45,199

24,279

16,955

18,495

30,729

12,952

6,293

8,552

16,697

17,161

15,303

Common shareholders

-

-

-

-

-

-

-

19,805

52,162

38,959

59,413

23,179

Net income allocable to PS Business Parks, Inc.

174,966

226,702

155,037

128,029

130,475

173,971

103,192

89,079

94,088

85,325

77,178

70,044

Allocation to preferred shareholders

54,346

51,880

52,873

57,276

59,398

60,488

59,216

69,136

41,799

46,214

17,440

46,630

Allocation to preferred shareholders based upon Redemptions (Note 9)

11,000

-

10,978

7,312

2,487

-

-

-

-

-

-

-

Allocation to restricted stock unit holders

-910

-1,923

-761

-569

-299

329

125

138

127

152

325

235

Net income allocable to common shareholders

108,703

172,899

90,425

62,872

68,291

113,154

43,851

-

-

-

-

-

Net income

203,972

271,901

179,316

144,984

148,970

204,700

116,144

95,372

102,640

102,022

94,339

85,347

Net income per common share
Basic

3.96

6.33

3.32

2.32

2.53

4.21

1.77

0.82

2.13

1.59

2.70

1.13

Diluted

3.95

6.31

3.30

2.31

2.52

4.19

1.77

0.81

2.12

1.58

2.68

1.12

Net income per common share - basic:
Continuing operations

-

-

-

-

-

-

-

0.79

2.03

1.41

2.60

1.11

Discontinued operations

-

-

-

-

-

-

-

0.03

0.10

0.18

0.10

0.02

Net income per common share - diluted:
Continuing operations

-

-

-

-

-

-

-

0.78

2.02

1.40

2.59

1.10

Discontinued operations

-

-

-

-

-

-

-

0.03

0.10

0.18

0.10

0.02

Weighted average common shares outstanding
Basic

27,418

27,321

27,207

27,089

26,973

26,899

24,732

24,234

24,516

24,546

21,998

20,443

Diluted

27,526

27,422

27,412

27,179

27,051

27,000

24,833

24,323

24,599

24,687

22,128

20,618