Ps business parks inc/ca (PSB)
Income statement / TTM
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'10Mar'10Sep'09Jun'09
Rental income

428,200

429,800

427,841

423,541

417,541

413,500

411,217

407,898

405,898

402,200

397,941

394,800

391,087

386,871

383,822

379,804

376,665

373,135

369,906

372,211

373,249

376,255

378,358

372,503

366,447

359,246

355,046

352,294

349,991

346,548

331,836

321,279

308,622

297,457

292,884

286,194

282,656

276,276

273,222

270,824

0

0

0

Facility management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

519

521

-

575

609

641

660

657

655

647

639

637

634

641

649

656

667

672

684

688

683

677

672

673

681

0

0

0

Total operating revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

380,323

377,186

-

370,481

372,820

373,890

376,915

379,015

373,158

367,094

359,885

355,683

352,928

350,632

347,197

332,492

321,946

309,294

298,141

293,572

286,877

283,333

276,948

273,895

271,505

0

0

0

Expenses
Cost of operations

126,013

128,343

127,702

126,431

125,767

124,630

123,835

124,317

123,771

122,348

123,630

122,747

122,247

123,108

121,413

121,065

121,372

121,224

121,541

124,195

125,673

127,371

124,907

121,706

118,891

114,831

116,987

116,380

115,377

114,108

110,401

105,885

102,324

99,917

96,805

94,770

92,090

89,348

88,505

87,013

0

0

0

Depreciation and amortization

105,993

104,249

101,600

100,587

100,235

99,242

97,310

95,862

95,074

94,270

95,065

95,937

97,523

99,486

101,037

102,391

104,202

105,394

106,053

106,879

108,149

110,357

112,277

112,063

110,397

108,917

108,259

108,546

109,115

109,398

102,593

97,091

90,881

84,391

83,635

83,346

80,918

78,354

78,113

78,990

0

0

0

General and administrative

13,851

13,761

13,623

12,454

12,455

12,072

14,212

13,075

12,690

12,671

9,899

11,124

14,058

14,862

15,392

15,698

13,818

13,582

14,883

14,685

14,551

13,639

6,836

6,393

5,400

5,312

9,398

9,003

9,045

8,919

11,278

10,403

9,739

9,036

7,354

7,820

8,472

9,651

8,393

8,100

0

0

0

Total operating expenses

245,857

246,353

242,925

239,472

238,457

235,944

235,357

233,254

231,535

229,289

228,594

229,808

233,828

237,456

237,842

239,154

239,392

240,200

242,477

245,759

248,373

251,367

244,020

240,162

234,688

229,060

234,644

233,929

233,537

232,425

224,272

213,379

202,944

193,344

187,794

185,936

181,480

177,353

175,011

174,103

0

0

0

Operating Income

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income

4,431

4,492

3,210

2,314

1,844

1,510

1,409

1,133

993

942

1,151

1,145

1,199

1,233

1,405

1,353

1,290

1,130

531

467

417

372

1,557

1,530

1,504

1,485

256

230

241

241

207

207

170

221

247

270

318

333

394

402

0

0

0

Interest and other expense

651

657

650

618

667

665

812

1,148

1,266

1,285

1,129

781

2,658

5,664

8,808

12,021

13,197

13,330

13,431

13,475

13,540

13,593

13,791

14,396

14,954

16,166

17,451

18,606

19,858

20,618

17,567

13,656

9,588

5,455

4,569

4,183

3,894

3,534

3,461

3,467

0

0

0

Total other income and (expenses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,208

-12,447

-

-12,900

-13,008

-13,123

-13,221

-12,234

-12,866

-13,450

-14,681

-17,195

-18,376

-19,617

-20,377

-17,360

-13,449

-9,418

-5,234

-4,322

-3,913

-3,576

-3,201

-3,067

-3,065

0

0

0

Equity in loss of unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate facility

0

-

-

-

-

93,484

0

0

0

-

-

0

-

-

-

-

-

28,235

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

5,153

6,641

0

0

-

0

Gain on sale of development rights

-

-

-

-

-

-

-

-

-

6,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94,395

90,860

95,118

96,932

99,563

101,456

97,028

98,277

96,394

95,817

94,337

0

0

0

Discontinued operations:
Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

69

25

163

360

565

643

577

475

530

603

0

0

0

Total discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

977

69

2,742

2,880

3,077

3,282

643

577

5,628

5,683

7,244

0

0

0

Net income

222,425

203,972

195,632

193,965

246,951

271,901

264,204

261,992

203,808

179,316

173,426

169,789

159,537

144,984

138,426

145,709

141,095

148,970

235,712

218,913

217,254

204,700

122,761

120,130

118,956

116,144

104,789

101,637

98,516

95,372

90,929

97,860

99,812

102,640

104,738

97,671

98,854

102,022

101,500

101,581

0

0

0

Noncontrolling interests - common units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,294

17,067

-

36,766

33,737

33,390

30,729

13,507

13,145

13,089

12,952

10,814

9,675

7,487

5,970

5,714

8,754

11,691

15,543

15,340

13,595

12,982

11,594

11,811

11,859

0

0

0

Noncontrolling interests - preferred units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

323

423

522

398

-6,991

-6,106

-5,221

-3,569

5,103

5,500

5,897

0

0

0

Allocation to noncontrolling interests

33,071

29,006

30,055

29,549

40,326

45,199

42,480

40,832

29,077

24,279

22,074

22,523

20,121

16,955

17,522

18,294

17,067

18,495

36,766

33,737

33,390

30,729

13,507

13,145

13,089

12,952

10,814

9,675

7,711

6,293

6,137

9,276

12,089

8,552

9,234

8,374

9,413

16,697

17,311

17,756

0

0

0

Common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

36,008

32,179

24,878

19,805

18,831

29,103

39,067

52,162

51,762

45,926

43,781

38,959

38,904

37,448

0

0

0

Net income allocable to PS Business Parks, Inc.

189,354

174,966

165,577

164,416

206,625

226,702

221,724

221,160

174,731

155,037

151,352

147,266

139,416

128,029

120,904

127,415

124,028

130,475

198,946

185,176

183,864

173,971

109,254

106,985

105,867

103,192

93,975

91,962

90,805

89,079

84,792

88,584

87,723

94,088

95,504

89,297

89,441

85,325

84,189

83,825

0

0

0

Allocation to preferred shareholders

53,433

54,346

51,836

51,836

51,836

51,880

53,322

52,953

52,585

52,873

54,250

55,493

56,734

57,276

53,043

56,819

58,109

59,398

62,975

60,488

60,488

60,488

60,488

60,488

60,488

59,216

57,844

59,658

65,800

69,136

65,836

59,350

48,535

41,799

43,605

43,235

45,509

46,214

45,114

46,189

0

0

0

Allocation to preferred shareholders based upon Redemptions (Note 9)

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allocation to restricted stock unit holders

-917

-910

-1,030

-1,050

-1,617

-1,923

-1,771

-1,669

-1,087

-761

-1,282

-1,273

-959

-569

-405

-180

-255

-299

467

400

391

329

133

131

128

125

123

125

127

138

125

131

121

127

137

136

151

152

171

188

0

0

0

Net income allocable to common shareholders

123,997

108,703

112,711

111,530

153,172

172,899

162,553

155,560

110,081

90,425

82,126

83,706

74,695

62,872

64,925

67,691

63,089

68,291

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

222,425

203,972

195,632

193,965

246,951

271,901

264,204

261,992

203,808

179,316

173,426

169,789

159,537

144,984

138,426

145,709

141,095

148,970

235,712

218,913

217,254

204,700

122,761

120,130

118,956

116,144

104,789

101,637

98,516

95,372

90,929

97,860

99,812

102,640

104,738

97,671

98,854

102,022

101,500

101,581

0

0

0

Net income per common share
Basic

1.52

1.00

0.96

1.04

0.96

1.15

0.92

2.57

1.69

0.77

0.67

0.91

0.97

0.47

0.73

0.58

0.54

0.56

0.83

0.41

0.73

3.05

0.42

0.37

0.37

0.69

0.37

0.36

0.35

0.41

0.21

0.06

0.14

0.37

0.63

0.46

0.67

0.34

0.39

0.38

0.48

0.37

0.40

Diluted

1.51

0.99

0.96

1.04

0.96

1.14

0.92

2.56

1.69

0.77

0.66

0.90

0.97

0.47

0.72

0.58

0.54

0.55

0.83

0.41

0.73

3.04

0.42

0.36

0.37

0.69

0.37

0.36

0.35

0.40

0.21

0.06

0.14

0.36

0.63

0.46

0.67

0.34

0.39

0.37

0.48

0.37

0.39

Net income per common share - basic:
Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.37

0.21

0.06

0.15

0.36

0.54

0.46

0.67

0.33

0.39

0.37

0.32

0.36

0.34

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

0.00

0.00

0.00

0.00

0.09

0.01

0.00

0.01

0.00

0.01

0.16

0.01

0.06

Net income per common share - diluted:
Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.37

0.21

0.06

0.14

0.37

0.54

0.45

0.66

0.32

0.39

0.37

0.32

0.36

0.34

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

0.00

0.00

0.00

0.00

0.09

0.01

0.00

0.01

0.00

0.01

0.16

0.01

0.06

Weighted average common shares outstanding
Basic

27,448

27,441

27,432

27,426

27,373

27,356

27,339

27,322

27,267

27,254

27,226

27,200

27,148

27,128

27,103

27,082

27,043

27,026

26,985

26,956

26,925

26,920

26,914

26,899

26,863

25,876

24,386

24,358

24,308

24,288

24,257

24,234

24,157

24,121

24,543

24,715

24,685

24,637

24,610

24,524

24,413

22,549

20

Diluted

27,550

27,550

27,543

27,532

27,479

27,505

27,442

27,423

27,318

27,575

27,427

27,412

27,234

27,221

27,201

27,172

27,122

27,098

27,049

27,033

27,024

27,037

27,003

26,999

26,961

25,979

24,472

24,470

24,411

24,377

24,350

24,324

24,241

24,185

24,612

24,807

24,792

24,775

24,740

24,669

24,564

22,709

20

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

0.85

0.85

0.85

-

0.75

0.75

0.75

-

0.60

0.50

0.50

-

0.50

0.50

0.50

-

0.44

0.44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-