PS Business Parks

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PS Business Parks
Type Public
Traded as NYSEPSB
Industry Real Estate
Founded 1986
Headquarters Glendale, California, USA
Area served Arizona California Florida Maryland Oregon Texas Virginia Washington
Key people Joseph D. Russell, Jr., President and CEO; Ronald L. Havner, Jr., Chairman of Board of Directors
Services Property Management, Acquisition, Development
Revenue Increase $360 mm US Dollars (2013) [1]
Operating income Increase $130.825 mm US Dollars (2013) [2]
Net income Increase $116.144 mm US Dollars (2013) [3]
Employees 181 [4]
Website PSbusinessparks.com

PS Business Parks, Inc. is a publicly traded full service real estate company with expertise in leasing, property management, acquisition and development. PS Business Parks is a member of the S&P SmallCap 600 and is a self-advised and self-managed equity real estate investment trust (“REIT”). As of October 1, 2014, the Company wholly owned 28.8 million rentable square feet with approximately 5,140 customers located in eight states, concentrated in California (11.5 million sq. ft.), Texas (4.8 million sq. ft.), Virginia (4.0 million sq. ft.), Florida (3.9 million sq. ft.), Maryland (2.3 million sq. ft.), Washington (1.5 million sq. ft.), Arizona (0.7 million sq. ft.) and Oregon (0.1 million sq. ft.).

References[edit]

Plumb, Tiffany. PS Business Parks Closes on Vienna Purchase. August 4, 2010. Accessed October 7, 2010. Forbes, Laurie. PS Business Parks Buys RREEF Industrial Assets for $520M. December 27, 2011. Accessed December 30, 2011

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