PS BUSINESS PARKS INC
Sector: Indices SP 600
Latest Quote @ Wed May 5 11:21:17 (15 min delayed)
Last Day's Data
PS Business Parks, Inc., a real estate investment trust (REIT), engages in the acquisition, development, ownership, and operation of commercial properties consisting of commercial and industrial rental space in the United States. The company's commercial properties primarily consist of multitenant flex, and industrial and suburban office space. As of June 30, 2005, the company owned and operated approximately 17.9 million net rentable square feet of commercial space located in 8 states, including approximately 650,000 square feet of property held for disposition. It also managed approximately 1.2 million net rentable square feet, as of the above date. PS Business Parks operates in Arizona, California, Florida, Maryland, Oregon, Texas, Virginia, and Washington. The company has elected to be treated as a REIT under the Internal Revenue Code and would not be subject to federal income tax, if it distributes at least 90% of its 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. PS Business Parks is headquartered in Glendale, California.