PSB PS Business Parks

PS Business Parks, Inc. is a fully-integrated, self-advised, and self-managed real estate investment trust, which engages in the ownership, operation, acquisition, and development of commercial properties, primarily multi-tenant flex, office, and industrial space. Its commercial real estate properties include warehouse and office space. The company was founded in 1986 and is headquartered in Glendale, CA.
Company profile
Ticker
PSB, PSB+Z
Exchange
Website
CEO
John W. Petersen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PUBLIC STORAGE PROPERTIES XI INC
SEC CIK
Corporate docs
IRS number
954300881
PSB stock data
()
News
Press releases
PS Business Parks, Inc. to Release First Quarter 2021 Earnings and Host Quarterly Conference Call
9 Apr 21
Public Storage to Release First Quarter 2021 Earnings Results and Host Quarterly Conference Call
9 Apr 21
Public Storage to Participate in the Citi 2021 Global Property CEO Conference
9 Mar 21
PS Business Parks, Inc. Names Mac Chandler as President and Chief Executive Officer
2 Mar 21
Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2020
24 Feb 21
Calendar
22 Feb 21
13 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 70.17M | 70.17M | 70.17M | 70.17M | 70.17M | 70.17M |
Cash burn (monthly) | 16.27M | (positive/no burn) | 19.61M | 19.7M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 55.86M | n/a | 67.36M | 67.64M | n/a | n/a |
Cash remaining | 14.31M | n/a | 2.81M | 2.53M | n/a | n/a |
Runway (months of cash) | 0.9 | n/a | 0.1 | 0.1 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Apr 21 | Havner Ronald L JR | Common Stock | Option exercise | Aquire M | No | No | 58.66 | 2,068 | 121.31K | 4,137 |
8 Apr 21 | Havner Ronald L JR | Stock Option Common Stock | Option exercise | Dispose M | No | No | 58.66 | 2,068 | 121.31K | 0 |
5 Apr 21 | Chandler, Iii Dan M. | Common Stock | Grant | Aquire A | No | No | 0 | 41,329 | 0 | 41,329 |
15 Mar 21 | Hawthorne Maria R | Common Stock | Payment of exercise | Dispose F | No | No | 157.65 | 2,706 | 426.6K | 58,080 |
15 Mar 21 | Trenton Groves | Common Stock | Payment of exercise | Dispose F | No | No | 157.65 | 724 | 114.14K | 7,352 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
70.0% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 197 |
Opened positions | 22 |
Closed positions | 35 |
Increased positions | 64 |
Reduced positions | 89 |
13F shares |
Current |
---|---|
Total value | 2.56B |
Total shares | 19.23M |
Total puts | 8.1K |
Total calls | 0 |
Total put/call ratio | Infinity |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 3.07M | $407.61M |
BLK Blackrock | 2.87M | $381.48M |
TROW T. Rowe Price | 2.33M | $309.3M |
Wellington Management | 2.11M | $280.89M |
PFG Principal Financial Group Inc - Registered Shares | 1.12M | $148.43M |
STT State Street | 1.03M | $136.25M |
NTRS Northern Trust | 401.58K | $53.36M |
Geode Capital Management | 390.39K | $51.87M |
GS Goldman Sachs | 349.58K | $46.45M |
Dimensional Fund Advisors | 314.97K | $41.85M |
Content analysis
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Readability |
H.S. sophomore Good
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New words:
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Removed:
adjacent, age, Arizona, ASU, averaged, awarded, Bachelor, barrier, bifurcated, biographical, block, classification, classifying, Coast, College, Colorado, commence, Commerce, configurable, construct, declined, demolish, distinguishing, dual, East, Empire, EOP, executing, exit, expedient, expired, FASB, generating, graduate, improved, inception, inflationary, insignificant, Irma, joined, joining, Jose, LTEIP, Manager, optimize, overseeing, package, phase, Pomona, potentially, practical, revealed, San, serving, Silicon, soft, South, Spieker, standalone, standardized, suburban, Supplementary, system, unaccrued, unconsolidated, Valley
Financial reports
10-K
2020 FY
Annual report
22 Feb 21
10-Q
2020 Q3
Quarterly report
28 Oct 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
29 Apr 20
10-K
2019 FY
Annual report
19 Feb 20
10-Q
2019 Q3
Quarterly report
22 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
25 Feb 19
10-Q
2018 Q3
Quarterly report
26 Oct 18
Current reports
8-K
Departure of Directors or Certain Officers
5 Mar 21
8-K
PS Business Parks, Inc. Names Mac Chandler
2 Mar 21
8-K
Results of Operations and Financial Condition
22 Feb 21
8-K
Departure of Directors or Certain Officers
2 Nov 20
8-K
Results of Operations and Financial Condition
28 Oct 20
8-K
Regulation FD Disclosure
15 Sep 20
8-K
Departure of Directors or Certain Officers
14 Aug 20
8-K
Results of Operations and Financial Condition
4 Aug 20
8-K
Regulation FD Disclosure
2 Jun 20
8-K
Results of Operations and Financial Condition
29 Apr 20
Registration and prospectus
S-3ASR
Automatic shelf registration
8 Mar 21
25-NSE
Exchange delisting
30 Dec 19
25-NSE
Exchange delisting
30 Dec 19
8-A12B
Registration of securities on exchange
25 Oct 19
424B5
Prospectus supplement for primary offering
25 Oct 19
FWP
Free writing prospectus
24 Oct 19
424B5
Prospectus supplement for primary offering
24 Oct 19
S-3ASR
Automatic shelf registration
4 Mar 18
25-NSE
Exchange delisting
2 Jan 18
424B5
Prospectus supplement for primary offering
30 Nov 17
Proxies
DEF 14A
Definitive proxy
19 Mar 21
PRE 14A
Preliminary proxy
5 Mar 21
DEFA14A
Additional proxy soliciting materials
21 Apr 20
DEF 14A
Definitive proxy
20 Mar 20
DEF 14A
Definitive proxy
22 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
DEF 14A
Definitive proxy
22 Mar 17
DEFA14A
Additional proxy soliciting materials
13 Apr 16
DEF 14A
Definitive proxy
23 Mar 16
DEF 14A
Definitive proxy
26 Mar 15
Other
CERTNYS
Certification of approval for NYSE listing
14 Sep 17
UPLOAD
Letter from SEC
30 Aug 17
CORRESP
Correspondence with SEC
29 Aug 17
UPLOAD
Letter from SEC
23 Aug 17
CERTNYS
Certification of approval for NYSE listing
12 Oct 16
UPLOAD
Letter from SEC
8 Sep 16
CORRESP
Correspondence with SEC
1 Sep 16
UPLOAD
Letter from SEC
22 Aug 16
UPLOAD
Letter from SEC
12 Aug 15
CORRESP
Correspondence with SEC
3 Aug 15
Ownership
4
PS BUSINESS PARKS / RONALD L HAVNER JR ownership change
12 Apr 21
4
PS BUSINESS PARKS / III DAN M. CHANDLER, ownership change
8 Apr 21
3
PS BUSINESS PARKS / III DAN M. CHANDLER, ownership change
7 Apr 21
4
PS BUSINESS PARKS / John W Petersen ownership change
17 Mar 21
4
PS BUSINESS PARKS / JOSEPH D RUSSELL JR ownership change
17 Mar 21
4
PS BUSINESS PARKS / Trenton Groves ownership change
17 Mar 21
4
PS BUSINESS PARKS / MARIA R HAWTHORNE ownership change
17 Mar 21
4
PS BUSINESS PARKS / Trenton Groves ownership change
10 Mar 21
4
PS BUSINESS PARKS / MARIA R HAWTHORNE ownership change
10 Mar 21
4
PS BUSINESS PARKS / Trenton Groves ownership change
3 Mar 21
Transcripts
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
19 Feb 20
2019 Q3
Earnings call transcript
23 Oct 19
2019 Q2
Earnings call transcript
24 Jul 19
2019 Q1
Earnings call transcript
3 May 19
2018 Q4
Earnings call transcript
21 Feb 19
2018 Q3
Earnings call transcript
24 Oct 18
2018 Q2
Earnings call transcript
25 Jul 18
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