PS Business Parks, Inc.
PSB-PZ
New York Stock Exchange11.41
USD
- -
- -
CIK
0000866368
ISIN
US69360J5526
CUSIP
69360J552
Return %
Stock
S&P500
1Y
-49.82
26.53
3Y
-55.69
76.60
5Y
-54.69
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen W. Wilson
- Full Time Employees
- 156
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 701 Western Avenue Glendale CA United States of America 91201
- IPO Date
- Oct 25, 2019
- CIK
- 0000866368
- Website
- psbusinessparks.com
- Similar Companies
- Business
- PS Business Parks, Inc. (NYSE: PSB-PZ) owns, operates, acquires, and develops commercial real estate properties, primarily single-tenant flex, office, and industrial space; the company offers leasing services for these facilities, property management, and development of new business parks tailored to small and medium-sized enterprises. Its portfolio includes approximately 29 million rentable square feet across 98 properties in key markets such as Southern California, Northern California, Texas, and Washington state. Founded in 1984 and headquartered in Glendale, California, the company targets growing businesses seeking flexible, high-quality industrial and office spaces in prime suburban locations. The company's core offerings encompass fully serviced business parks with features like ample parking, high ceilings, dock-high loading, and 24/7 access; it provides customized leasing options ranging from month-to-month to long-term agreements, along with tenant improvements and maintenance services. PS Business Parks operates exclusively in the United States, with a strategic focus on coastal and inland markets in California (its largest segment), supplemented by properties in dynamic regions like the Dallas-Fort Worth area and Puget Sound. No major subsidiaries or parent relationships are noted, as it functions as a self-administered and self-managed real estate investment trust (REIT). In recent developments, PS Business Parks was acquired by a joint venture between Blackstone Real Estate Partners X and Canada Pension Plan Investment Board in October 2022 for approximately $7.6 billion, marking a significant ownership transition and delisting from the New York Stock Exchange; this deal represented a strategic shift to private ownership, enabling accelerated growth and portfolio optimization without public market pressures. Post-acquisition, the company has pursued portfolio enhancements, including selective asset dispositions and redevelopment initiatives to capitalize on industrial demand; no major new product launches or name changes have occurred in the last 1-2 years, though operational focus has intensified on high-barrier-to-entry coastal markets amid e-commerce-driven logistics expansion.
Delisting Risk: A Growing Concern For Preferred Stock Investors