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PS Business Parks Inc. (PSB)

82.62 Up 0.13(0.16%) Oct 24, 4:01PM EDT
|After Hours : 82.62 0.00 (0.00%) Oct 24, 4:52PM 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

Index Membership:N/A
Industry:REIT - Diversified
Full Time Employees:176

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 Oct 1, 2014 is 2. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 1; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Joseph D. Russell Jr., 54
Chief Exec. Officer, Pres and Director
Mr. Edward A. Stokx CPA, 48
Chief Financial Officer, Principal Accounting Officer, Exec. VP and Sec.
Mr. John W. Petersen , 50
Chief Operating Officer and Exec. VP
Ms. Maria R. Hawthorne , 54
Chief Admin. Officer and Exec. VP
Stephanie G. Heim ,
VP, Counsel and Assistant Sec.
Amounts are as of Dec 31, 2013 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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