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PS Business Parks, Inc. (PSB)


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124.82+0.54 (+0.43%)
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PS Business Parks, Inc.

701 Western Avenue
Suite 200
Glendale, CA 91201
United States
818-244-8080
http://www.psbusinessparks.com

SectorFinancial
IndustryREIT - Diversified
Full Time Employees157

Key Executives

NameTitlePayExercisedAge
Ms. Maria R. HawthorneChief Exec. Officer, Pres and Director886.4kN/A57
Mr. Edward A. Stokx CPAChief Financial Officer, Exec. VP and Sec.561.4k628.36k51
Mr. John W. PetersenChief Operating Officer and Exec. VP721.4k402.27k53
Mr. Trenton A. GrovesVP and Corp. ControllerN/AN/AN/A
Ms. Robin E. MatherVP of Bus. Devel.N/AN/A55
Amounts are as of December 31, 2016 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.

Description

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.

Corporate Governance

PS Business Parks, Inc.’s ISS Governance QualityScore as of May 1, 2017 is 1. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 1; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.