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    PS Business Parks Inc. (PSB)

    99.18 Up 0.15(0.15%) May 27, 4:01PM EDT
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    PS Business Parks Inc.
    701 Western Avenue
    Suite 200
    Glendale, CA 91201
    United States - Map
    Phone: 818-244-8080
    Fax: 818-242-0566
    Website: http://www.psbusinessparks.com

    Index Membership:N/A
    Industry:REIT - Diversified
    Full Time Employees:142

    Business Summary 

    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.

    Key Statistics

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    Corporate Governance 
    PS Business Parks Inc.’s ISS Governance QuickScore as of May 1, 2016 is 3. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 1; Compensation: 8.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Joseph D. Russell Jr., 56
    Chief Exec. Officer and Director
    Ms. Maria R. Hawthorne , 56
    Mr. Edward A. Stokx CPA, 50
    Chief Financial Officer, Exec. VP and Sec.
    Mr. John W. Petersen , 52
    Chief Operating Officer and Exec. VP
    Mr. Coby A. Holley , 47
    VP of Investments
    Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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