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PS Business Parks Inc's quarterly construction in progress increased from Dec. 2013 ($24.0 Mil) to Mar. 2014 ($24.6 Mil) but then declined from Mar. 2014 ($24.6 Mil) to Jun. 2014 ($0.0 Mil).
PS Business Parks Inc's annual construction in progress stayed the same from Dec. 2011 ($0.0 Mil) to Dec. 2012 ($0.0 Mil) but then increased from Dec. 2012 ($0.0 Mil) to Dec. 2013 ($24.0 Mil).
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
PS Business Parks Inc Annual Data
PS Business Parks Inc Quarterly Data