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 Metrics

PS Business Parks Financial Metrics

Revenue (2016)

$387.4 m

Revenue growth (2015-16), %

4%

Gross profit

$264.3 m

Gross profit margin (2016), %

68%

Net income (2016)

$145 m

Market capitalization (28-Apr-2017)

$3.3 b

Closing share price (28-Apr-2017)

$122.2

Cash (31-Dec-2016)

$128.6 m
PS Business Parks's current market capitalization is $3.3 b.
PS Business Parks's revenue was reported to be $387.4 m in FY, 2016 which is a 4% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

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

Revenue growth, %

5%(1%)4%

Cost of goods sold

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

Gross profit

$245.1 m$249.5 m$252.5 m$264.3 m

Gross profit Margin, %

68%66%68%68%

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

EBIT margin, %

28%51%36%

Interest expense

$3.5 m$5.5 m$20.6 m

Net Income

$116.1 m$204.7 m$149 m$145 m
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$208.2 m$5.1 m$5 m$12.9 m$31.5 m$152.5 m$188.9 m$128.6 m

Accounts Receivable

Inventories

Total Assets

$2.2 b$2.2 b$2.2 b$2.1 b

Accounts Payable

Additional Paid-in Capital

$699.3 m$709 m$722 m$733.7 m

Total Equity

$1.9 b$1.9 b$1.9 b$1.8 b

Financial Leverage

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

Net Income

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

Depreciation and Amortization

$108.9 m$110.4 m$105.4 m$99.5 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$222.3 m$227.8 m$238.1 m$250.5 m

Cash From Investing Activities

($172.9 m)$113.2 m$3.1 m($85 m)

Cash From Financing Activities

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

Interest Paid

$15.9 m$14.2 m$14.2 m$7.4 m

PS Business Parks Market Value History

PS Business Parks Online Presence

PS Business Parks Company Life

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