Acquired by Blackstone Real Estate in Jul 2022
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PSB - PS Business Parks, Inc.

NYSE -> Real Estate -> REIT—Diversified
Glendale, United States
Type: Equity

PSB price evolution
PSB
(in millions $) 30 Jun 2022 31 Mar 2022 31 Dec 2021 30 Sep 2021
Current assets
Cash $173.46 $104.2 $27.07 $46.59
Short term investments
Net receivables $39.1 $40.47 $39.2 $39.51
Inventory $96.12 $77.9 $61.38
Total current assets
Long term investments
Property, plant & equipment $1982.51 $2008.72 $2040.68 $2023.49
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $2206.06 $2166.57 $2123.22 $2128.48
Current liabilities
Accounts payable
Deferred revenue
Short long term debt
Total current liabilities
Long term debt
Total noncurrent liabilities
Total debt $20 $32
Total liabilities $92.05 $115.51 $129.15 $99.21
Shareholders' equity
Retained earnings $318.78 $270.24 $226.74 $113.44
Other shareholder equity $229.77
Total shareholder equity $1829.93 $1779.91 $1734.46 $1799.5
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Current assets
Cash $27.07 $69.08 $62.79 $37.38
Short term investments
Net receivables $39.2 $38.31 $34.38 $34.71
Inventory $77.9 $41.9 $27 $29.8
Total current assets
Long term investments
Property, plant & equipment $2040.68 $1935.98 $1932.61 $1981.33
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $2123.22 $2057.7 $2046.44 $2068.59
Current liabilities
Accounts payable
Deferred revenue
Short long term debt
Total current liabilities
Long term debt
Total noncurrent liabilities
Total debt $32
Total liabilities $129.15 $82.06 $84.63 $85.14
Shareholders' equity
Retained earnings $226.74 $73.63 $63.67 $69.21
Other shareholder equity $218.96 $216.13 $218.09
Total shareholder equity $1734.46 $1756.68 $1745.68 $1765.36
(in millions $) 30 Jun 2022 31 Mar 2022 31 Dec 2021 30 Sep 2021
Revenue
Total revenue $110.91 $112.84 $110.84 $110.45
Cost of revenue $32.59 $34.11 $32.74 $33.09
Gross Profit $78.32 $78.73 $78.11 $77.36
Operating activities
Research & development
Selling, general & administrative $11.09 $11.32 $4.73 $5.15
Total operating expenses $33.89 $34.46 $28.86 $29
Operating income $44.43 $44.27 $49.25 $48.35
Income from continuing operations
EBIT $87.61 $82.43 $290.04 $64.84
Income tax expense
Interest expense $0.48 $0.33 $3.94 $0.22
Net income
Net income $87.13 $82.1 $286.09 $64.61
Income (for common shares) $77.08 $71.99 $267.39 $52.22
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Revenue
Total revenue $438.7 $415.62 $429.85 $413.52
Cost of revenue $130.9 $125.51 $128.34 $126.55
Gross Profit $307.81 $290.11 $301.5 $286.97
Operating activities
Research & development
Selling, general & administrative $19.06 $14.53 $13.76 $10.15
Total operating expenses $112.54 $110.84 $118.01 $109.4
Operating income $195.26 $179.27 $183.49 $177.57
Income from continuing operations
EBIT $453.4 $174.62 $175.62 $227.37
Income tax expense
Interest expense $4.65 $1.07 $0.66 $0.67
Net income
Net income $448.76 $173.55 $174.97 $226.7
Income (for common shares) $393.09 $124.64 $108.7 $172.9
(in millions $) 30 Jun 2022 31 Mar 2022 31 Dec 2021 30 Sep 2021
Net income $87.13 $82.1 $286.09 $64.61
Operating activities
Depreciation $22.8 $23.13 $24.13 $23.86
Business acquisitions & disposals
Stock-based compensation $2 $0.94 $2.07 $2.34
Total cash flows from operations $67.86 $66.56 $69.83 $84.3
Investing activities
Capital expenditures $68.07 $67.8 $272.95 -$102.26
Investments
Total cash flows from investing $68.07 $67.8 $272.95 -$102.26
Financing activities
Dividends paid -$29.01 -$29.01 -$155.88 -$28.92
Sale and purchase of stock $2.1 $4.11
Net borrowings -$20.09 -$12.11 $31.99 -$2.33
Total cash flows from financing -$66.68 -$57.22 -$362.3 -$51.41
Effect of exchange rate
Change in cash and equivalents $69.26 $77.13 -$19.52 -$69.37
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net income $448.76 $173.55 $174.97 $226.7
Operating activities
Depreciation $93.49 $96.31 $104.25 $99.24
Business acquisitions & disposals $1.08
Stock-based compensation $8.49 $5.65 $4.96 $4.17
Total cash flows from operations $302.24 $276.98 $290.6 $276.15
Investing activities
Capital expenditures $169.37 -$71.82 -$34.32 -$37.15
Investments
Total cash flows from investing $169.37 -$71.82 -$34.32 -$36.07
Financing activities
Dividends paid -$242.59 -$115.4 -$115.15 -$103.84
Sale and purchase of stock $5.01 $0.26 $0.97 $3.01
Net borrowings $29.51 -$0.34 -$0.3 -$0.31
Total cash flows from financing -$513.61 -$198.86 -$230.87 -$317.59
Effect of exchange rate
Change in cash and equivalents -$42.01 $6.3 $25.41 -$77.5
Fundamentals
Market cap N/A
Enterprise value N/A
Shares outstanding N/A
Revenue $445.04M
EBITDA $618.83M
EBIT $524.91M
Net Income $519.93M
Revenue Q/Q 1.41%
Revenue Y/Y 4.41%
P/E ratio N/A
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS N/A
ROA 24.11%
ROE 29.11%
Debt/Equity 0.07
Net debt/EBITDA -0.13
Current ratio N/A
Quick ratio N/A