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PSB

 
Hoover's Profile: PS Business Parks, Inc.
(NYSE:PSB)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
PS Business Parks, Inc.
701 Western Ave.
Glendale, CA 91201-2397
CA Tel. 818-244-8080
Fax 818-242-0566

Type: Public
On the web: http://www.psbusinessparks.com
Employees: 153
Employee growth: 0.0%

Pssst! Know where a fella can find some spare flex space? PS Business Parks does. The company is a self-managed real estate investment trust (REIT) that owns, develops, and operates industrial, office, and flex (combined industrial and office) properties. The REIT owns assets in eight states, with concentrations in California, Virginia, and Texas. Its portfolio includes some 20 million sq. ft. of multi-tenant industrial and office space, including light manufacturing plants, warehouses, distribution centers, and research and development facilities. The company also manages more than 1 million sq. ft. of commercial properties owned by self-storage giant Public Storage, which owns some 27% of PS Business Parks.

Key numbers for fiscal year ending December, 2008:
Sales: $284.2M
One year growth: 4.7%
Net income: $70.0M
Income growth: 2.0%

Officers:
Chairman: Ronald L. Havner Jr.
President, CEO, and Director: Joseph D. Russell Jr.
EVP and COO: John W. Petersen

Competitors:
Alexandria Real Estate Equities
Brandywine Realty
First Industrial Realty

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