PS Business Parks, I

PSB
Delayed Nyse - 04/06 10:10:00 pm
127.48USD
+5.78%
Business Summary
Financials
Real Estate
 Residential & Commercial REIT
  Commercial REITs
   Commercial REITs - NEC
PS Business Parks, Inc. (PSB) is a self-advised and self-managed real estate investment trust (REIT). The Company owns, operates and develops commercial properties, primarily multi-tenant flex, office and industrial parks. It focuses on owning concentrated business parks. PS Business Parks, L.P. (the Operating Partnership) is a California limited partnership, which owns directly or indirectly substantially all of its assets and through, which the Company conducts substantially all of its business. PSB is the partner of the Operating Partnership and owns approximately 77.9% of the common partnership units. The remaining common partnership units are owned by Public Storage (PS). The Company owns and operates approximately 27.5 million rentable square feet of commercial space in the states, including California, Texas, Virginia, Florida, Maryland and Washington. It also manages 684,000 rentable square feet on behalf of PS.

Number of employees : 155 people.
Sales per Businesses
2019
USD
(in Million)
%
Same Park 381.4288.7%
Assets Sold or Held for Sale 22.675.3%
Non-Same Park 14.283.3%
Multifamily 10.082.3%
Lease Buyout Income 1.400.3%
Sales per Regions
20182019
USD
(in Million)
%USD
(in Million)
%
United States 413.5299.9% 429.8599.9%
Managers
Name Title
Maria R. Hawthorne President, Chief Executive Officer & Director
Ronald L. Havner Chairman
John W. Petersen Chief Operating Officer & Executive Vice President
Jeffrey D. Hedges Chief Financial Officer, Secretary & Executive VP
Joseph D. Russell Director & President-Public Storage
James H. Kropp Independent Director
Jennifer Holden Dunbar Independent Director
Gary E. Pruitt Independent Director
Peter Schultz Independent Director
Robert S. Rollo Independent Director
Shareholders
Name Equities %
Public Storage 7,158,354 26.1%
The Vanguard Group, Inc. 3,106,704 11.3%
T. Rowe Price Associates, Inc. (Investment Management) 2,046,088 7.46%
Wellington Management Co. LLP 1,295,645 4.72%
SSgA Funds Management, Inc. 1,076,438 3.92%
BlackRock Fund Advisors 839,981 3.06%
Goldman Sachs Asset Management LP 588,636 2.15%
Northern Trust Investments, Inc.(Investment Management) 564,933 2.06%
Charles Schwab Investment Management, Inc. 461,854 1.68%
Geode Capital Management LLC 392,236 1.43%
Company contact information
PS Business Parks, Inc.
701 Western Avenue
Glendale, CA 91201-2397

Phone : +1.818.244.8080
Fax : +1.818.242.0566
Web : http://www.psbusinessparks.com
Sector Commercial REITs - NEC
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