Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $79.53 USD
Change Today -0.67 / -0.84%
Volume 88.4K
PSB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

ps business parks inc/ca (PSB) Snapshot

Open
$79.80
Previous Close
$80.20
Day High
$80.11
Day Low
$78.60
52 Week High
01/27/15 - $88.92
52 Week Low
09/26/14 - $72.43
Market Cap
2.1B
Average Volume 10 Days
83.6K
EPS TTM
$4.19
Shares Outstanding
26.9M
EX-Date
03/12/15
P/E TM
19.0x
Dividend
$2.00
Dividend Yield
5.97%
Current Stock Chart for PS BUSINESS PARKS INC/CA (PSB)

Related News

No related news articles were found.

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

No Related Businessweek News Found

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 Inc. Declares Dividend on Common and Preferred Stock, Payable on March 31, 2015

On February 17, 2015, the Board of Directors of PS Business Parks Inc. declared a quarterly dividend of $0.50 per common share. Distributions were also declared on the various series of depositary shares, each representing 1/1,000 of a share of preferred stock listed below. Series R preferred stock with dividend rate of 6.875% of $0.429688; Series S preferred stock with dividend rate of 6.450% of $0.403125; Series T preferred stock with dividend rate of 6.000% of $0.375000; Series U preferred stock with dividend rate of 5.750% of $0.359375; and Series V preferred stock with dividend rate of 5.700% against $0.356250. Distributions are payable on March 31, 2015 to shareholders of record on March 16, 2015.

PS Business Parks Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

PS Business Parks Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, funds from operations were $41.6 million, or $1.21 per share, as adjusted, a decrease of $257,000 from the three months ended December 31, 2013 of $41.9 million, or $1.26 per share, as adjusted. Total operating revenue was $91.49 million compared to $124 million a year ago. Income from continuing operations was $119.77 million compared to $37.83 million a year ago. Net income allocable to the common shareholders of the company was $82.13 million or $3.04 per diluted share compared to $17.68 million or $0.68 per diluted share a year ago. Adjusted FFO was $1.21 per share compared to $1.26 per share for the fourth quarter of 2013, a decrease of 4%, the decrease resulting from the sale of 1.9 million square feet of real estate. Partially offsetting the decrease in FFO was a 3.6% comparative increase in Same Park NOI as well as a $1.9 million comparative increase in NOI from acquired assets. For the year, FFO was $170.0 million or $4.94 per share, as adjusted, an increase of $10.6 million from the year ended December 31, 2013 of $159.4 million, or $4.95 per share, as adjusted. The three month and annual changes in FFO were primarily the result of an increase in net operating income from the Same Park and Non-Same Park portfolios partially offset by a decrease in NOI resulting from asset dispositions. Total operating revenue was $376.92 million compared to $359.89 million a year ago. Income from continuing operations was $204.70 million compared to $116.14 million a year ago. Net income allocable to the common shareholders of the company was $113.15 million or $4.19 per diluted share compared to $43.85 million or $1.77 per diluted share a year ago. The company's total recurring capital costs were $47.2 million compared to $49.2 million for all of 2013, a 4% decrease. Same Park recurring capital expenditures were down year-over-year by $4.1 million or 9.5%, while recurring capital expenditures in the non-Same Park portfolio increased $2.5 million as it continues to lease up the acquired vacancy.

PS Business Parks Inc., Q4 2014 Earnings Call, Feb 18, 2015

PS Business Parks Inc., Q4 2014 Earnings Call, Feb 18, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PSB:US $79.53 USD -0.67

PSB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alexander & Baldwin Inc $41.68 USD +0.03
Cousins Properties Inc $10.20 USD -0.06
Post Properties Inc $55.34 USD -0.29
Potlatch Corp $38.10 USD -0.70
St Joe Co/The $18.43 USD -0.38
View Industry Companies
 

Industry Analysis

PSB

Industry Average

Valuation PSB Industry Range
Price/Earnings 19.0x
Price/Sales 5.7x
Price/Book 3.0x
Price/Cash Flow 7.5x
TEV/Sales 1.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PS BUSINESS PARKS INC/CA, please visit www.psbusinessparks.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.