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Dynamic quotes 
OFFON

PS BUSINESS PARKS, INC.

(PSB)
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Business Summary
Logo PS Business Parks, Inc.
PS Business Parks, Inc. is a self-advised and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops commercial properties, primarily multi-tenant industrial, industrial-flex and low-rise suburban offices. The Company owns and operates approximately 27.6 million rentable square feet of commercial space in six states, consisting of 97 parks and 673 buildings. The Company also held a interest in a joint venture entity which owns Highgate at The Mile, an approximately 395-unit multifamily apartment complex located in Tysons, Virginia, and an interest in a joint venture formed to develop Brentford at The Mile, an approximately 411-unit multifamily apartment complex also located in Tysons, Virginia. Its assets are held, and its business is conducted, through PS Business Parks, L.P. (the Operating Partnership).

Number of employees : 155 people.
Sales per Business
20192020Delta
Same Park381.4288.7%382.1691.9% +0.19%
Non-Same Park14.283.3%22.115.3% +54.87%
Multifamily10.082.3%9.462.3% -6.06%
Lease Buyout1.400.3%1.200.3% -14.29%
Assets Sold22.675.3%0.690.2% -96.97%
USD in Million
Sales per region
20192020Delta
United States429.85100%415.62100% -3.31%
USD in Million
Managers
Name Title Age Since
Daniel Chandler President, Chief Executive Officer & Director 52 2021
Jeffrey D. Hedges Chief Financial Officer, Secretary & Executive VP 37 2018
Jennifer Holden Dunbar Independent Director 57 2011
Gary E. Pruitt Independent Director 70 2012
Peter Schultz Independent Director 72 2012
Robert S. Rollo Independent Director 72 2014
Kristy M. Pipes Independent Director 60 2019
Coby A. Holley Vice President-Real Estate 50 -
Joseph Russell Director & President-Public Storage 60 2016
Eddie F. Ruiz Vice President & Facilities Director - 2002
Members of the board
Name Title Age Since
Ronald Havner Chairman 62 1998
Joseph Russell Director & President-Public Storage 60 2016
Maria R. Hawthorne Director 61 2020
Jennifer Holden Dunbar Independent Director 57 2011
Gary E. Pruitt Independent Director 70 2012
Peter Schultz Independent Director 72 2012
Robert S. Rollo Independent Director 72 2014
Stephen W. Wilson Director 63 2019
Kristy M. Pipes Independent Director 60 2019
Daniel Chandler President, Chief Executive Officer & Director 52 2021
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 27,542,562 19,986,006 72.6% 0 0.0% 72.5%
Stock B 0 37,790 0 0.0% 0 0.0%
Shareholders
NameEquities%
Public Storage 7,158,354 26.0%
The Vanguard Group, Inc. 3,050,503 11.1%
T. Rowe Price Associates, Inc. (Investment Management) 2,381,098 8.65%
Wellington Management Co. LLP 1,956,423 7.10%
SSgA Funds Management, Inc. 1,020,200 3.70%
Principal Global Investors LLC 964,064 3.50%
BlackRock Fund Advisors 761,488 2.76%
Principal Real Estate Investors LLC 601,843 2.19%
Geode Capital Management LLC 506,353 1.84%
Northern Trust Investments, Inc.(Investment Management) 372,775 1.35%
Company contact information
PS Business Parks, Inc.
701 Western Avenue
Glendale, CA 91201-2397

Phone : +1.818.244.8080
Fax : +1.818.242.0566
Web : http://www.psbusinessparks.com
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