PS Business Parks, Inc. (PSB) Research

PS Business Parks, Inc., a Real Estate Investment Trust (REIT) included in the S&P MidCap 400 index, specializes in the acquisition, development, ownership, and management of commercial real estate. Its portfolio primarily consists of multi-tenant industrial properties, flexible-use spaces, and office buildings. As of September 30, 2020, the company's holdings amounted to 27.5 million rentable square feet, entirely owned by the company, serving approximately 5,000 commercial clients across six states. Additionally, PS Business Parks maintained a 95.0% ownership interest in a 395-unit apartment complex and a 98.2% interest in an upcoming 411-unit multifamily residential development.

Market snapshot

Symbol
PSB
Price
$187.44
Day change
+0.03%
Market cap
$5.1B
P/E ratio
9.45x
Sector
Real Estate
Industry
REIT - Diversified

Peer companies

  • American Finance Trust, Inc. (AFIN)
  • Apartment Income REIT Corp. (AIRC)
  • Ellington Financial Inc. (EFC)
  • Global Net Lease, Inc. (GNL)
  • The Howard Hughes Corporation (HHC)
  • Rithm Capital Corp. (RITM)
  • The Necessity Retail REIT, Inc. (RTL)
  • Spirit Realty Capital, Inc. (SRC)

Recent insider activity

  • Pell Nicholas L. — trade (0 shares) on 2022-07-20
  • Ingle Ryan — trade (0 shares) on 2022-07-20
  • BEAUDIN TIMOTHY J — trade (0 shares) on 2022-07-20
  • BEAUDIN TIMOTHY J — trade (0 shares) on 2022-07-20
  • Brown Justin A — trade (0 shares) on 2022-07-20

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