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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.61
PSB's Cash to Debt is ranked higher than
91% of the 811 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.06 vs. PSB: 0.61 )
PSB' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.61

Equity to Asset 0.77
PSB's Equity to Asset is ranked higher than
96% of the 851 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.48 vs. PSB: 0.77 )
PSB' s 10-Year Equity to Asset Range
Min: 0.44   Max: 0.95
Current: 0.77

0.44
0.95
Interest Coverage 9.24
PSB's Interest Coverage is ranked higher than
92% of the 683 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.65 vs. PSB: 9.24 )
PSB' s 10-Year Interest Coverage Range
Min: 5.57   Max: 9999.99
Current: 9.24

5.57
9999.99
F-Score: 7
Z-Score: 3.18
M-Score: -3.73
WACC vs ROIC
6.13%
6.62%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 33.31
PSB's Operating margin (%) is ranked higher than
68% of the 852 Companies
in the Global REIT - Diversified industry.

( Industry Median: 41.36 vs. PSB: 33.31 )
PSB' s 10-Year Operating margin (%) Range
Min: 29.72   Max: 47.61
Current: 33.31

29.72
47.61
Net-margin (%) 46.16
PSB's Net-margin (%) is ranked higher than
80% of the 854 Companies
in the Global REIT - Diversified industry.

( Industry Median: 34.00 vs. PSB: 46.16 )
PSB' s 10-Year Net-margin (%) Range
Min: 24.85   Max: 46.16
Current: 46.16

24.85
46.16
ROE (%) 10.14
PSB's ROE (%) is ranked higher than
84% of the 863 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.66 vs. PSB: 10.14 )
PSB' s 10-Year ROE (%) Range
Min: 4.13   Max: 23.71
Current: 10.14

4.13
23.71
ROA (%) 7.79
PSB's ROA (%) is ranked higher than
92% of the 867 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.95 vs. PSB: 7.79 )
PSB' s 10-Year ROA (%) Range
Min: 1.99   Max: 22.43
Current: 7.79

1.99
22.43
ROC (Joel Greenblatt) (%) 6.19
PSB's ROC (Joel Greenblatt) (%) is ranked higher than
74% of the 773 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.26 vs. PSB: 6.19 )
PSB' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 5.49   Max: 23.71
Current: 6.19

5.49
23.71
Revenue Growth (3Y)(%) 4.80
PSB's Revenue Growth (3Y)(%) is ranked higher than
85% of the 675 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.40 vs. PSB: 4.80 )
PSB' s 10-Year Revenue Growth (3Y)(%) Range
Min: -3.9   Max: 23.7
Current: 4.8

-3.9
23.7
EBITDA Growth (3Y)(%) 16.40
PSB's EBITDA Growth (3Y)(%) is ranked higher than
89% of the 604 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.20 vs. PSB: 16.40 )
PSB' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 31
Current: 16.4

0
31
EPS Growth (3Y)(%) 27.50
PSB's EPS Growth (3Y)(%) is ranked higher than
88% of the 506 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.90 vs. PSB: 27.50 )
PSB' s 10-Year EPS Growth (3Y)(%) Range
Min: -33.1   Max: 55.8
Current: 27.5

-33.1
55.8
» PSB's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

PSB Guru Trades in Q1 2014

Jim Simons 85,106 sh (+59.08%)
Third Avenue Management 6,100 sh (unchged)
Chuck Royce 118,500 sh (unchged)
» More
Q2 2014

PSB Guru Trades in Q2 2014

Jim Simons 216,600 sh (+154.51%)
Third Avenue Management 6,100 sh (unchged)
Chuck Royce 118,500 sh (unchged)
» More
Q3 2014

PSB Guru Trades in Q3 2014

Jim Simons 248,600 sh (+14.77%)
Third Avenue Management 6,100 sh (unchged)
Chuck Royce 118,500 sh (unchged)
» More
Q4 2014

PSB Guru Trades in Q4 2014

Paul Tudor Jones 5,475 sh (New)
Jim Simons 294,400 sh (+18.42%)
Third Avenue Management 6,100 sh (unchged)
Chuck Royce Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with PSB

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Guru Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of PS Business Parks Inc

SymbolPriceYieldDescription
PSBPRT0.006.00Cumulative Preferred Shs Depositary Shs Repr 1/1000th Cum Pref Shs Ser -T-
PSBPRV0.005.81
PSBPRR0.006.716.875% Cum Pfd Shs Series -R-
PSBPRS0.006.20
PSBPRU0.005.89Deposit Shs Repr 1/1000 Cum Pfd Shs Series -U-

Ratios

vs
industry
vs
history
P/E(ttm) 20.00
PSB's P/E(ttm) is ranked higher than
76% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 26.70 vs. PSB: 20.00 )
PSB' s 10-Year P/E(ttm) Range
Min: 18.19   Max: 100.59
Current: 20

18.19
100.59
Forward P/E 45.05
PSB's Forward P/E is ranked higher than
63% of the 934 Companies
in the Global REIT - Diversified industry.

( Industry Median: 31.06 vs. PSB: 45.05 )
N/A
PE(NRI) 19.90
PSB's PE(NRI) is ranked higher than
79% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 28.70 vs. PSB: 19.90 )
PSB' s 10-Year PE(NRI) Range
Min: 18.58   Max: 110.94
Current: 19.9

18.58
110.94
P/B 3.10
PSB's P/B is ranked lower than
58% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.35 vs. PSB: 3.10 )
PSB' s 10-Year P/B Range
Min: 1.4   Max: 3.71
Current: 3.1

1.4
3.71
P/S 6.00
PSB's P/S is ranked higher than
76% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 7.89 vs. PSB: 6.00 )
PSB' s 10-Year P/S Range
Min: 2.22   Max: 6.83
Current: 6

2.22
6.83
PFCF 17.50
PSB's PFCF is ranked higher than
92% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. PSB: 17.50 )
PSB' s 10-Year PFCF Range
Min: 3.97   Max: 436.54
Current: 17.5

3.97
436.54
POCF 9.88
PSB's POCF is ranked higher than
91% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.56 vs. PSB: 9.88 )
PSB' s 10-Year POCF Range
Min: 3.31   Max: 10.27
Current: 9.88

3.31
10.27
EV-to-EBIT 28.13
PSB's EV-to-EBIT is ranked higher than
77% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 34.33 vs. PSB: 28.13 )
PSB' s 10-Year EV-to-EBIT Range
Min: 17.1   Max: 33.6
Current: 28.13

17.1
33.6
PEG 2.16
PSB's PEG is ranked higher than
94% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. PSB: 2.16 )
PSB' s 10-Year PEG Range
Min: 2.1   Max: 154.08
Current: 2.16

2.1
154.08
Shiller P/E 37.60
PSB's Shiller P/E is ranked higher than
81% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. PSB: 37.60 )
PSB' s 10-Year Shiller P/E Range
Min: 22.82   Max: 67.58
Current: 37.6

22.82
67.58
Current Ratio 2.63
PSB's Current Ratio is ranked higher than
91% of the 795 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.85 vs. PSB: 2.63 )
PSB' s 10-Year Current Ratio Range
Min: 0.13   Max: 5.01
Current: 2.63

0.13
5.01
Quick Ratio 2.63
PSB's Quick Ratio is ranked higher than
91% of the 795 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.80 vs. PSB: 2.63 )
PSB' s 10-Year Quick Ratio Range
Min: 0.13   Max: 5.01
Current: 2.63

0.13
5.01
Days Sales Outstanding 2.75
PSB's Days Sales Outstanding is ranked higher than
96% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 31.48 vs. PSB: 2.75 )
PSB' s 10-Year Days Sales Outstanding Range
Min: 2.19   Max: 35.37
Current: 2.75

2.19
35.37

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.40
PSB's Dividend Yield is ranked lower than
83% of the 848 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.29 vs. PSB: 2.40 )
PSB' s 10-Year Dividend Yield Range
Min: 1.52   Max: 5.83
Current: 2.4

1.52
5.83
Dividend Payout 0.48
PSB's Dividend Payout is ranked higher than
90% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.23 vs. PSB: 0.48 )
PSB' s 10-Year Dividend Payout Range
Min: 0.48   Max: 2.17
Current: 0.48

0.48
2.17
Dividend growth (3y) 4.40
PSB's Dividend growth (3y) is ranked higher than
75% of the 569 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.30 vs. PSB: 4.40 )
PSB' s 10-Year Dividend growth (3y) Range
Min: -9.7   Max: 14.9
Current: 4.4

-9.7
14.9
Yield on cost (5-Year) 2.62
PSB's Yield on cost (5-Year) is ranked lower than
78% of the 850 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.49 vs. PSB: 2.62 )
PSB' s 10-Year Yield on cost (5-Year) Range
Min: 1.66   Max: 6.37
Current: 2.62

1.66
6.37
Share Buyback Rate -3.20
PSB's Share Buyback Rate is ranked higher than
85% of the 608 Companies
in the Global REIT - Diversified industry.

( Industry Median: -6.10 vs. PSB: -3.20 )
PSB' s 10-Year Share Buyback Rate Range
Min: 2.8   Max: -110.6
Current: -3.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.12
PSB's Price/Tangible Book is ranked higher than
52% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.40 vs. PSB: 3.12 )
PSB' s 10-Year Price/Tangible Book Range
Min: 0.4   Max: 3.19
Current: 3.12

0.4
3.19
Price/DCF (Projected) 1.45
PSB's Price/DCF (Projected) is ranked higher than
89% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. PSB: 1.45 )
PSB' s 10-Year Price/DCF (Projected) Range
Min: 0.57   Max: 17.91
Current: 1.45

0.57
17.91
Price/Median PS Value 1.22
PSB's Price/Median PS Value is ranked higher than
70% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.28 vs. PSB: 1.22 )
PSB' s 10-Year Price/Median PS Value Range
Min: 0.67   Max: 1.4
Current: 1.22

0.67
1.4
Price/Peter Lynch Fair Value 2.24
PSB's Price/Peter Lynch Fair Value is ranked higher than
93% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. PSB: 2.24 )
PSB' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.81   Max: 8.57
Current: 2.24

0.81
8.57
Price/Graham Number 0.80
PSB's Price/Graham Number is ranked higher than
86% of the 935 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.43 vs. PSB: 0.80 )
PSB' s 10-Year Price/Graham Number Range
Min: 0.53   Max: 1.26
Current: 0.8

0.53
1.26
Earnings Yield (Greenblatt) 3.60
PSB's Earnings Yield (Greenblatt) is ranked higher than
73% of the 858 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.40 vs. PSB: 3.60 )
PSB' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 5.8
Current: 3.6

3
5.8
Forward Rate of Return (Yacktman) 8.33
PSB's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 539 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.09 vs. PSB: 8.33 )
PSB' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -6.9   Max: 23.6
Current: 8.33

-6.9
23.6

Business Description

Industry: REITs » REIT - Diversified
Compare:ARI, NLY, VNO, IVR, WSR » details
PS Business Parks Inc was formed in 1990 as a California corporation under the name Public Storage Properties XI, Inc. In a March 17, 1998 merger with American Office Park Properties, Inc. or AOPP, the Company acquired the commercial property business previously operated by AOPP and was renamed PS Business Parks, Inc. Prior to the Merger in January, 1997, AOPP was reorganized to succeed to the commercial property business of PS, becoming a fully integrated, self-advised and self-managed REIT. The Company also manages 1.2 million rentable square feet on behalf of PS. It is a fully-integrated, self-advised and self-managed real estate investment trust or REIT that acquires, owns, operates and develops commercial properties, mainly multi-tenant flex, office and industrial space. The remaining common partnership units were owned by Public Storage or PS. The Company as the sole general partner of the Operating partnership has responsibility and discretion in managing and controlling the Operating Partnership. The Company is in the commercial property business, with 108 business parks consisting of multi-tenant flex, industrial and office space. The Company owns 16.5 million square feet of flex space. The Companys commercial properties typically consist of business parks with low-rise buildings, ranging from one to 48 buildings per park, located on parcels of various sizes and comprising from approximately 12,000 to 3.3 million aggregate square feet of rentable space. Facilities are managed through either on-site management or area offices central to the facilities. Parking is generally open but in some instances is covered. The tenant base for the Companys facilities is diverse. The portfolio could be bifurcated into those facilities that service small to medium-sized businesses and those that service larger businesses. Approximately 40.5% of in-place rents from the portfolio are derived from facilities that serve small to medium-sized businesses. The Companys policy of acquiring commercial properties might be changed by its Board of Directors without shareholder approval. It currently owns properties in eight states; it might expand its operations to other states or reduce the number of states in which it operates. The Company owns land which might be used for the development of commercial properties. The Company owns approximately 14.0 acres of such land in Dallas, Texas, 11.5 acres in Portland, Oregon and 6.4 acres in Northern Virginia as of December 31, 2013. The Companys interest in the Operating Partnership entitles it to share in cash distributions from, and the profits and losses of, the Operating Partnership in proportion to its economic interest in the Operating Partnership. The Companys properties compete for tenants with similar properties located in its markets mainly on the basis of location, rent charged, services provided and the design and condition of improvements.
» More Articles for PSB

Headlines

Articles On GuruFocus.com
PS Business Parks Inc Reports Operating Results (10-K) Feb 25 2011 
PS Business Parks Inc Reports Operating Results (10-Q) Nov 05 2010 
PS Business Parks Inc (PSB) EXECUTIVE VICE PRESIDENT & COO John W Petersen sells 6,389 Shares Aug 18 2010 
PS Business Parks Inc Reports Operating Results (10-Q) Aug 06 2010 
PS Business Parks Inc (PSB) PRESIDENT / CEO Joseph D Jr Russell sells 12,000 Shares Jun 18 2010 
PS Business Parks Inc Reports Operating Results (10-Q) May 06 2010 
PS Business Parks Inc (PSB) EXECUTIVE VICE PRESIDENT & COO John W Petersen sells 2,311 Shares Mar 31 2010 
PS Business Parks Inc (PSB) PRESIDENT / CEO Joseph D Jr Russell sells 2,000 Shares Dec 16 2009 
PS Business Parks Inc (PSB) PRESIDENT / CEO Joseph D Jr Russell sells 1,000 Shares Dec 05 2009 
PS Business Parks Inc (PSB) EXECUTIVE VICE PRESIDENT & COO John W Petersen sells 3,000 Shares Nov 20 2009 

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