| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
28 |
| Employees |
1,000 |
| Revenues (TTM) (Millions $) |
439 |
| Net Income (TTM) (Millions $) |
553 |
| Cash Flow (TTM) (Millions $) |
52 |
| Capital Exp. (TTM) (Millions $) |
36 |
Business Description
PS Business Parks Inc is a publicly traded real estate investment trust (REIT) that focuses on owning, operating, and developing Class A office parks and industrial spaces primarily in major metropolitan areas throughout the United States.
The company was founded in 1986 and is headquartered in Glendale, California. It is a member of the S&P MidCap 400 Index and has a market capitalization of over $5 billion.
PS Business Parks Inc has a diversified portfolio of over 100 properties totaling 28.5 million square feet of rentable space. Its properties are located in 11 states in the US, including Arizona, California, Florida, Maryland, and Virginia. More than 5,000 tenants operate within these properties, ranging from small businesses to large corporations.
The companyes properties are strategically located within commercial and industrial hubs, with convenient access to major transportation routes and amenities, which make them an attractive choice for tenants. Its office parks are primarily located in suburban areas and offer modern, state-of-the-art technology, high-speed internet connectivity, and ample parking. On the other hand, the industrial spaces are typically located in industrial parks and offer features such as high ceilings, large truck bays, and heavy power capacity.
PS Business Parks Inc is committed to responsible and sustainable business practices. It focuses on reducing its environmental footprint through efficient water and energy use, limiting greenhouse gas emissions, and reducing waste. In addition, the company is committed to maintaining social responsibility by engaging in community outreach projects and encouraging employee volunteerism.
The company has a strong financial record, including a history of consistent dividend payments and a solid balance sheet. It maintains a conservative financial approach, with a low leverage ratio and a well-diversified portfolio. This approach has allowed the company to weather economic downturns and continue to provide value to its shareholders.
In summary, PS Business Parks Inc is a well-established and financially stable real estate investment trust, focused on owning and operating Class A office parks and industrial spaces in major metropolitan areas of the United States. The company has a diversified portfolio of more than 100 properties, a strong commitment to sustainable and responsible business practices, and a solid financial record.
Company Address: 345 Park Avenue New York 10154 NY
Company Phone Number: 583-5000 Stock Exchange / Ticker: PSBPRX
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