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Last $73.10 USD
Change Today -1.41 / -1.89%
Volume 122.9K
PSB On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

ps business parks inc/ca (PSB) Snapshot

Open
$74.33
Previous Close
$74.51
Day High
$74.81
Day Low
$72.98
52 Week High
01/27/15 - $88.92
52 Week Low
09/26/14 - $72.43
Market Cap
2.0B
Average Volume 10 Days
74.7K
EPS TTM
$4.55
Shares Outstanding
26.9M
EX-Date
06/11/15
P/E TM
16.1x
Dividend
$2.00
Dividend Yield
6.50%
Current Stock Chart for PS BUSINESS PARKS INC/CA (PSB)

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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 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."

PS Business Parks Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015

PS Business Parks Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenues of $92,462,000 against $95,487,000 a year ago. Net income allocable to company common shareholders was $19,771,000 against $9,940,000 a year ago. Total net income allocable to company was $34,991,000 against $25,098,000 a year ago. Net income per diluted share were $0.73 against $0.37 a year ago. FFO allocable to common and dilutive shares was $38,979,000 against $41,120,000 a year ago. FFO per common and dilutive was $1.13 against $1.20 a year ago. FFO per share, as adjusted was $1.22 against $1.23 a year ago. Total net operating income was $61,001,000 against $58,455,000 a year ago. The decrease in FFO was primarily the result of a $3.5 million decrease in net operating income resulting from asset dispositions and a $1.2 million increase in amortization expense of the Senior Management Long-Term Equity Incentive Plan. Net income was $40,355,000 compared to $27,801,000 a year ago.

PS Business Parks Inc. to Report Q1, 2015 Results on Apr 28, 2015

PS Business Parks Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 28, 2015

 

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Industry Analysis

PSB

Industry Average

Valuation PSB Industry Range
Price/Earnings 16.4x
Price/Sales 5.4x
Price/Book 2.8x
Price/Cash Flow 6.9x
TEV/Sales 1.0x
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