PS Business Parks, Inc. (NYSE: PSB) is a publicly traded full-service real estate company with expertise in leasing, property management, acquisition and development. As of September 30, 2015, the Company wholly owned 28 million rentable square feet with approximately 4.850 customers located in six states. The Company also manages approximately 1.2 million rentable square feet on behalf of Public Storage, Inc. and its affiliated entities. PS Business Parks was organized in 1986 as a division of a predecessor of Public Storage. Since becoming public in 1998, PS Business Parks’ portfolio has grown from five million square feet by applying a disciplined investment approach. We have focused on “flex” properties that can be easily configured to suit a variety of uses and are located in high population growth markets near decision maker housing. This property type supports a wide variety of uses and customers. In each of the markets where we own properties we hire a professional team of skilled local real estate experts who are empowered to make ownership decisions and motivated to provide a high level of service to our customers.
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Type
Public
HQ
Glendale, US
Founded
1998
Size (employees)
157 (est)
PS Business Parks was founded in 1998 and is headquartered in Glendale, US
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Key People/Management at PS Business Parks

Maria Hawthorne

Maria Hawthorne

President and Chief Executive Officer
John Petersen

John Petersen

Executive Vice President, Chief Operating Officer
Christopher Auth

Christopher Auth

Vice President, Northern Virginia & Maryland
Trenton Groves

Trenton Groves

Vice President, Corporate Controller
Coby Holley

Coby Holley

Vice President, Real Estate
Stuart Hutchison

Stuart Hutchison

Vice President, Southern California & Pacific Northwest
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PS Business Parks Office Locations

PS Business Parks has offices in Rockville, Lake Forest, Santa Clara, McLean and in 8 other locations
Glendale, US (HQ)
701 Western Ave
Austin, US
100 9233 Waterford Centre Blvd
Carrollton, US
160 1840 Hutton Dr
Lake Forest, US
1707 22722 Lambert St
McLean, US
1300 7927 Jones Branch Dr
Miami, US
8216 NW 14th St
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PS Business Parks Financials and Metrics

PS Business Parks Financials

PS Business Parks's revenue was reported to be $402.18 m in FY, 2017
USD

Revenue (Q1, 2018)

103.8 m

Gross profit (Q1, 2018)

70.8 m

Gross profit margin (Q1, 2018), %

68.2%

Net income (Q1, 2018)

71.5 m

EBIT (Q1, 2018)

44.6 m

Market capitalization (25-May-2018)

3.3 b

Closing share price (25-May-2018)

119.7

Cash (31-Mar-2018)

39.2 m
PS Business Parks's current market capitalization is $3.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

359.9 m376.9 m373.7 m387.4 m402.2 m

Revenue growth, %

5%(1%)4%

Cost of goods sold

114.8 m127.4 m121.2 m123.1 m125.3 m

Gross profit

245.1 m249.5 m252.5 m264.3 m276.8 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

93.1 m93.5 m96 m96.2 m97.5 m100.2 m99.9 m100.5 m103.8 m

Cost of goods sold

30.1 m30.4 m31.9 m29.8 m30.8 m31 m30.3 m31.7 m33 m

Gross profit

63 m63 m64.1 m66.5 m66.7 m69.2 m69.7 m68.8 m70.8 m

Gross profit Margin, %

68%67%67%69%68%69%70%68%68%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

208.2 m5.1 m5 m12.9 m31.5 m152.5 m188.9 m128.6 m114.9 m

Accounts Receivable

Inventories

Total Assets

2.2 b2.2 b2.2 b2.1 b2.1 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

18 m45.8 m62.5 m57.5 m188 m200.2 m252.1 m195.3 m3.7 m5 m4.8 m5.4 m132.7 m39.2 m

Total Assets

2.1 b2.2 b2.2 b2.2 b2.2 b2.2 b2.3 b2.2 b2 b2 b2 b2 b2.1 b2 b

Total Liabilities

415.1 m321 m319.8 m330.5 m318.6 m320 m405.7 m324.2 m128.3 m143.1 m182.8 m178.6 m302.6 m81.3 m

Additional Paid-in Capital

540.9 m701.9 m704.3 m706.5 m711.1 m714.2 m719.3 m723.6 m726.9 m730 m733.3 m735.6 m735.7 m732.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

116.1 m204.7 m149 m145 m179.3 m

Depreciation and Amortization

108.9 m110.4 m105.4 m99.5 m94.3 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

78.3 m27.8 m55.5 m84.9 m40.4 m69.7 m115.9 m32.5 m66.4 m105.4 m47 m91.2 m133.8 m71.5 m

Depreciation and Amortization

80.2 m28.4 m56.7 m83.5 m26.2 m53.3 m79.2 m25 m50.3 m74.9 m23.1 m46.7 m70.5 m23.9 m

Cash From Operating Activities

165.8 m55.3 m116.5 m179 m54.3 m111.4 m178.6 m55.5 m116.8 m187.7 m67.7 m137.5 m206.1 m63.9 m

Cash From Investing Activities

(57.4 m)(10.9 m)(23.5 m)(59.3 m)12.7 m(1.2 m)17.3 m(10.4 m)(27.7 m)(65.7 m)(22.4 m)(44.9 m)(66.6 m)35.6 m
USDY, 2018

Financial Leverage

1 x
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PS Business Parks News and Updates

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