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 (HQ)
701 Western Ave
Redmond, US
2525 152nd Ave Ne
Miami, US
8216 Nw 14th St
Austin, US
100 9233 Waterford Centre Blvd
Carrollton, US
160 1840 Hutton Dr
Mc Lean, US
1300 7927 Jones Branch Dr
Santa Clara, US
2316 Walsh Ave
Lake Forest, US
1707 22722 Lambert St

PS Business Parks Data and Metrics

PS Business Parks Financial Metrics

PS Business Parks's revenue was reported to be $387.4 m in FY, 2016 which is a 4% increase from the previous period.
$, USD

Revenue (FY, 2016)

387.4 m

Revenue growth (FY, 2015 - FY, 2016), %

4%

Gross profit (FY, 2016)

264.3 m

Gross profit margin (FY, 2016), %

68%

Net income (FY, 2016)

145 m

Market capitalization (23-Jun-2017)

3.6 b

Closing share price (23-Jun-2017)

132.1

Cash (31-Dec-2016)

128.6 m
PS Business Parks's current market capitalization is $3.6 b.
$, USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

359.9 m376.9 m373.7 m387.4 m

Revenue growth, %

5%(1%)4%

Cost of goods sold

114.8 m127.4 m121.2 m123.1 m

Gross profit

245.1 m249.5 m252.5 m264.3 m

Gross profit Margin, %

68%66%68%68%

Operating expense total

229.1 m251.4 m240.2 m237.5 m

EBIT

101.5 m191.5 m136.2 m

EBIT margin, %

28%51%36%

Interest expense

3.5 m5.5 m20.6 m

Net Income

116.1 m204.7 m149 m145 m
$, USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

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

Total Assets

2.2 b2.2 b2.2 b2.1 b

Additional Paid-in Capital

699.3 m709 m722 m733.7 m

Total Equity

1.9 b1.9 b1.9 b1.8 b

Financial Leverage

1.2 x1.2 x1.2 x1.2 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

116.1 m204.7 m149 m145 m

Depreciation and Amortization

108.9 m110.4 m105.4 m99.5 m

Cash From Operating Activities

222.3 m227.8 m238.1 m250.5 m

Cash From Investing Activities

(172.9 m)113.2 m3.1 m(85 m)

Cash From Financing Activities

(30.8 m)(220 m)(204.8 m)(225.8 m)

Interest Paid

15.9 m14.2 m14.2 m7.4 m
Y, 2016

Financial Leverage

1.2 x

PS Business Parks Market Value History

PS Business Parks Online and Social Media Presence

PS Business Parks Company Life and Culture

You may also be interested in