PS Business Parks Inc

Overview

PS Business Parks Inc (PSB) is a self-advised and self-managed equity real estate investment trust (REIT). The company carries out the leasing, property management, acquisition, and development. It owns, operates, acquires, and develops commercial properties include multi-tenant flex space, industrial and office space. PSB also consists of several tenants that lease space in multiple buildings and other locations. It acquires multi-tenant flex park, multi-tenant industrial park, at Santa Clara, Santa Fe Springs and La Mirada, California. The company primarily operates in six states in the US including California, Florida, Texas, Maryland, Virginia and Washington. PSB is headquartered in Glendale, California, the US.
Key Stats
Address
701 Western Ave Ste 200, GLENDALE, California
Headquarters

United States of America

Contact

1 818 2448080

No of Employees

155

Industry

Construction

Ticker Symbol & Exchange​

PSB [NYSE]

Revenue (2020)

$416 m

-3.2% (2020 vs 2019)
Net Income (2020)

$174 m

-0.6% (2020 vs 2019)
Net Profit Margin

42 %

2.6% (2020 vs 2019)
Market Cap *

$4,440 m

EPS *

$4.5

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters PS Business Parks IncBoston Properties IncHighwoods Properties IncFirst Industrial Realty Trust Inc
Key Information
Headquarters United States of America United States of America United States of America United States of America
Headquarter City GLENDALE BOSTON RALEIGH CHICAGO
Headquarter State/Province California Massachusetts North Carolina Illinois
No. of Employees 155 750 359 153
Entity Type Public Public Public Public

Products & Services

PSB is a real estate investment trust. The company's key services include the following:

Services
  • Operating, acquiring and developing commercial properties:
  • Multi-tenant flex space
  • Industrial space
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Trenton Groves Principal Accounting Officer; Assistant Secretary; Senior Vice President; Chief Accounting Officer Senior Management 2018 47 Mr. Trenton Groves has been the Chief Accounting Officer and Senior Vice President at PSB since 2018. He also serves...
Jeff Hedges Executive Vice President; Secretary; Chief Financial Officer Senior Management 2018 37 Mr. Jeff Hedges has been the Chief Financial Officer, Executive Vice President and Secretary at PSB since September 2018. Previously,...
John W Petersen Chief Executive Officer - Interim; Executive Vice President; President - Interim; Chief Operating Officer Senior Management 2004 56 Mr. John W Petersen has been the Interim President, Interim Chief Executive Officer, Executive Vice President and Chief Operating Officer...
Ronald L Havner Chairman Executive Board 1998 62 Mr. Ronald L Havner has been the Chairman at PSB since 1998. Previously, he served as the Chief Executive Officer...
Non Dignissim Eros Proin vel Convallis 2015 XX In vitae nisi ut tortor rutrum suscipit vel vitae ligula. Mauris sed tellus non augue ultricies ultricies. Aliquam vitae urna congue.
Non Dignissim Eros Proin vel Convallis 2015 XX In vitae nisi ut tortor rutrum suscipit vel vitae ligula. Mauris sed tellus non augue ultricies ultricies. Aliquam vitae urna congue.

History

Year Event Description
2021 Acquisitions/Mergers/Takeovers In September, the company completed the acquisition of Port America, a 717,735 square foot multi-tenant…
2020 Acquisitions/Mergers/Takeovers In January, the company acquired two business parks in California, the US.
2020 Asset Disposal In January, the company disposed a single-tenant office building in Maryland, the US.
2018 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2018 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2018 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


KF Amherst LLC
REVX-098, LLC
PSBP QRS, Inc
PSBP Industrial, L.L.C.
Amherst Property, LLC
PSB San Tomas BC, LLC
PSBP Westwood GP, LLC
PSB Brentford, LLC

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
24 Oct 2019 PS Business Parks Prices to Raise USD300 Million in Public Offering of Cumulative Preferred Stock Series Z Equity Offering PS Business Parks Inc
05 Nov 2013 PS Business Parks to raise US$75.3 million through issue of shares to Public Storage Equity Offering Public Storage PS Business Parks Inc
05 Nov 2013 PS Business Parks prices public offering of shares for US$103 million Equity Offering PS Business Parks Inc
04 Nov 2013 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
05 Mar 2013 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
05 Sep 2012 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

1

Active Jobs

0

Posted

0

Closed

Job Trends

Latest Jobs

Job title Company Country
Learning and Development Coordinator PS Business Parks Inc United States
Maintenance Technician PS Business Parks Inc United States
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar