Acquired by Blackstone Real Estate in Jul 2022
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 |
News
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Public Storage stock outperforms competitors despite losses on the day
Market Watch
12 Jul 2022
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Sell Alert: 2 REITs Getting Pricey
Seeking Alpha
8 Jul 2022
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Public Storage stock falls Thursday, underperforms market
Market Watch
7 Jul 2022
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Public Storage stock falls Wednesday, underperforms market
Market Watch
30 Jun 2022
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Public Storage stock rises Thursday, still underperforms market
Market Watch
23 Jun 2022
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Public Storage stock rises Tuesday, still underperforms market
Market Watch
22 Jun 2022
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Public Storage stock falls Thursday, still outperforms market
Market Watch
16 Jun 2022
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Public Storage (PSA) Down 6.9% Since Last Earnings Report: Can It Rebound?
Zacks via Yahoo Finance
2 Jun 2022
|
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Public Storage stock underperforms Wednesday when compared to competitors
Market Watch
2 Jun 2022
|
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Public Storage stock rises Monday, outperforms market
Market Watch
23 May 2022
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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 |