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)
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 8 other locations
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
Santa Clara, US
2316 Walsh Ave
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PS Business Parks Financials and Metrics

PS Business Parks Financials

PS Business Parks's revenue was reported to be $387.4 m in FY, 2016
USD

Revenue (Q3, 2017)

100.5 m

Gross profit (Q3, 2017)

68.8 m

Gross profit margin (Q3, 2017), %

68%

Net income (Q3, 2017)

42.6 m

EBIT (Q3, 2017)

43.3 m

Market capitalization (13-Dec-2017)

3.5 b

Cash (30-Sep-2017)

132.7 m
PS Business Parks's current market capitalization is $3.5 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

68%67%67%69%68%69%70%68%
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

Total Liabilities

308.7 m

Additional Paid-in Capital

699.3 m709 m722 m733.7 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

18 m45.8 m62.5 m57.5 m188 m200.2 m252.1 m195.3 m3.7 m5 m4.8 m5.4 m132.7 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 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 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 m
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

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 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 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 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)
USDY, 2017

Revenue/Employee

640 k

Financial Leverage

1.2 x
Show all financial metrics

PS Business Parks Market Value History

PS Business Parks's Web-traffic and Trends

PS Business Parks Online and Social Media Presence

PS Business Parks Company Life and Culture

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