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Last $72.88 USD
Change Today -0.15 / -0.21%
Volume 74.5K
PSB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

ps business parks inc/ca (PSB) Snapshot

Open
$73.31
Previous Close
$73.03
Day High
$74.32
Day Low
$72.59
52 Week High
01/27/15 - $88.92
52 Week Low
06/15/15 - $71.14
Market Cap
2.0B
Average Volume 10 Days
125.3K
EPS TTM
$4.55
Shares Outstanding
26.9M
EX-Date
06/11/15
P/E TM
16.0x
Dividend
$2.00
Dividend Yield
6.52%
Current Stock Chart for PS BUSINESS PARKS INC/CA (PSB)

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ps business parks inc/ca (PSB) Related Businessweek News

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ps business parks inc/ca (PSB) Details

PS Business Parks, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. As of December 31, 2007, the company owned and operated approximately 19.6 million rentable square feet of commercial space located in Arizona, California, Florida, Maryland, Oregon, Texas, Virginia, and Washington, as well as managed approximately 1.4 million rentable square feet. It also owned approximately 6.4 acres of land in Northern Virginia; 14.9 acres in Portland, Oregon; and 10.0 acres in Dallas, Texas for the development of commercial properties. PS Business Parks has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1983. It was formerly known as Public Storage Properties XI, Inc. and changed its name to PS Business Parks, Inc. in 1998. The company is based in Glendale, California.

168 Employees
Last Reported Date: 02/20/15
Founded in 1983

ps business parks inc/ca (PSB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $568.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $275.8K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $355.8K
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $325.7K
Compensation as of Fiscal Year 2014.

ps business parks inc/ca (PSB) Key Developments

PS Business Parks Seeks Acquisition

PS Business Parks Inc. (NYSE:PSB) is looking for acquisition. Ronald Havner, Chief Executive Officer of PS Business Parks states, "we are looking for acquisitions, where do we see as a new supply."

PS Business Parks Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 08:00 AM

PS Business Parks Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 08:00 AM. Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States. Speakers: Joseph D. Russell, Chief Executive Officer, President and Director.

PS Business Parks Seeks Acquisitions

PS Business Parks Inc. (NYSE:PSB) is seeking acquisitions. Joe Russell, PS Business' President & Chief Executive Officer, said "We remain focused on uncovering underperforming and value-add properties with an investment philosophy that is tied to acquiring quality assets that are ultimately accretive."

 

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PSB:US $72.88 USD -0.15

PSB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alexander & Baldwin Inc $39.41 USD -0.22
Cousins Properties Inc $10.75 USD 0.00
Post Properties Inc $56.71 USD +0.61
Potlatch Corp $35.64 USD +0.13
St Joe Co/The $15.89 USD +0.19
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Industry Analysis

PSB

Industry Average

Valuation PSB Industry Range
Price/Earnings 16.0x
Price/Sales 5.2x
Price/Book 2.7x
Price/Cash Flow 6.7x
TEV/Sales 0.9x
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