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PS BUSINESS PKS   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Rental income415.62429.85413.52402.18386.87373.14376.26359.25346.55297.46
Facility management fees------------0.660.640.650.68
Business services--------------------
Interest income--------------------
Dividend income--------------------
Gain on sale of marketable securities--------------------
Total Revenues415.62429.85413.52402.18386.87373.14376.92359.89347.20298.14
Cost of operations125.51128.34124.63122.35123.11121.22127.37114.83114.1199.92
Cost of facility management--------------------
Cost of business services--------------------
Depreciation and amortization96.31104.2599.2494.2799.49105.39110.36108.92109.4084.39
General and administrative14.5313.7612.0712.6714.8613.5813.645.318.929.04
Total operating expenses236.35246.35235.94229.29237.46240.20251.37229.06232.43193.34
Operating income----------132.94--------
Interest expense1.070.660.671.295.6613.3313.5916.1720.625.46
Asset impairment due to casualty loss--------------------
Gain on disposition of real estate------------92.37------
Gain on sale of real estate facility27.2716.6493.481.21--28.24--------
Gain on sale of development rights------6.37--0.00--------
Gain on investment in marketable securities--------------------
Equity in income of joint venture------(0.81)------------
Interest and other income1.234.491.510.941.231.130.371.490.240.22
Equity in loss of unconsolidated joint venture----------0.00--------
Total other income and (expense)------------(13.22)(14.68)(20.38)(5.23)
Income From Continuing Operations Before Minority Interests--------------------
Minority interest in income - preferred units - Distributions to preferred unit holders--------------------
Minority interest in income - preferred units - Redemption of preferred operating partnership units--------------------
Minority interest in income - common units--------------------
Income from continuing operations----------------94.4099.56
Discontinued operations: Income (loss) from discontinued operations----------------0.040.36
Discontinued operations: Gain on disposition of real estate----------------0.942.72
Discontinued operations: Minority interest in income attributable to discontinued operations - common units--------------------
Discontinued operations: Impairment charge on properties held for sale--------------------
Discontinued operations: Equity in income of discontinued joint venture--------------------
Income Before Extraordinary Income & Accounting Change--------------------
Extraordinary loss on early extinguishment of debt, net of minority interest--------------------
Consolidated net income (loss)206.71203.97271.90179.32144.98148.97204.70116.1495.37102.64
Noncontrolling interests - common units----------18.5030.7312.955.9715.54
Noncontrolling interests - preferred units----------------0.32(6.99)
Net income allocable to noncontrolling interests33.1629.0145.2024.2816.96----------
Net Income (Loss) Attributable to Parent Company--------------------
Net income (loss) allocable to PS Business Parks173.55174.97226.70155.04128.03130.48--------
Redemptions of preferred stock--------------------
Restricted stock unit holders0.720.911.920.760.570.300.330.130.140.13
Preferred shareholders48.1954.3551.8852.8757.2859.4060.4959.2269.1441.80
Charge related to the redemption of preferred securities0.0011.010.0010.987.312.49--------
Net income (loss) available to common shareholders124.65108.70172.9090.4362.8768.29113.1543.8519.8152.16
EPS (Basic) : Continuing operations----------------0.792.03
EPS (Basic) : Income from discontinued operations----------------0.030.10
Extraordinary loss, net--------------------
Net Earnings Per Share (Basic)4.543.966.333.322.322.534.211.770.822.13
EPS (Diluted) : Continuing operations----------------0.782.02
EPS (Diluted) : Income from discontinued operations----------------0.030.10
Extraordinary loss, net--------------------
Net Earnings Per Share (Diluted)4.523.956.313.302.312.524.191.770.812.12
Weighted Average Shares Outstanding (Basic)27.4827.4227.3227.2127.0926.9726.9024.7324.2324.52
Weighted Average Shares Outstanding (Diluted)27.5627.5327.4227.4127.1827.0527.0024.8324.3224.60
Funds from operations (FFO)227.44226.08225.77203.34179.88164.24162.20165.85102.98115.18