PS Business Parks

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.
Company Growth (employees)
Type
Public
HQ
Glendale, US
Founded
1998
Size (employees)
157 (est)+11%
PS Business Parks was founded in 1998 and is headquartered in Glendale, US

PS Business Parks Office Locations

PS Business Parks has offices in Glendale, Lake Forest, Santa Clara, McLean and in 7 other locations
Glendale, US
San Mateo, US
Dallas, US
Tysons, US
Redmond, US
Miami, US
Austin, US
Carrollton, US
McLean, US
Santa Clara, US
Lake Forest, US

PS Business Parks Metrics

PS Business Parks Summary

Market capitalization

$3.1 b

Closing share price

$113.2
PS Business Parks's current market capitalization is $3.1 b.

PS Business Parks Financials

PS Business Parks's revenue is $359.9 m in FY, 2013
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$359.9 m$376.9 m$373.7 m$387.4 m

Revenue growth, %

4.7%(0.9%)3.7%

Cost of goods sold

$114.8 m$127.4 m$121.2 m$123.1 m

Operating expense total

$229.1 m$251.4 m$240.2 m$237.5 m

EBIT

$101.5 m$191.5 m$136.2 m

Interest expense

$3.5 m$5.5 m$20.6 m

Net Income

$116.1 m$204.7 m$149 m$145 m

Operating cash flow

$18.6 m$121 m$36.4 m

PS Business Parks Market Value History

PS Business Parks Online Presence

PS Business Parks Company Life

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