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PS Business Parks history
PS Business Parks company history timeline
The company was formed in 1990 as a division of Public Storage.
In 2002, the company acquired Metro Park North, a 17-building business park in Rockville, Maryland for $125 million.
The acquisition of MICC is the largest industrial transaction in the United States in 2003.
In 2011, the company purchased a 5.34 million-square-foot industrial and flex portfolio in Northern California from a subsidiary of Deutsche Bank for $520 million.
Common shares were valued at $16.69 at the IPO and by December 31, 2017 reached $125.09, paying annual dividends of $3.40 per share and yielding an annualized total shareholder return of 12.8% compared to 7.2% for S&P 500 over the same period.
In 2018, the company acquired a portfolio of industrial properties in Northern Virginia for $143 million.
John Petersen steps in as Interim CEO and President in April 2020 to lead the Company through the COVID-19 Pandemic.
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PS Business Parks competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cousins Properties | 1958 | $856.8M | 331 | 5 |
| Lexington Realty Trust | 1973 | $358.5M | 55 | - |
| Corporate Office Properties Trust | 1988 | $753.3M | 394 | 810 |
| American Homes 4 Rent | 2012 | $1.7B | 1,324 | 67 |
| Kilroy Realty | 1996 | $1.1B | 200 | - |
| National Retail Properties | 1984 | $869.3M | 70 | 26 |
| Equity Commonwealth | 2014 | $60.5M | 41 | - |
| RPT Realty | 1955 | $217.7M | 104 | 9 |
| InvenTrust Properties | 2004 | $274.0M | 124 | - |
| Anworth Mortgage Asset | 1997 | $154.0M | 5 | - |
PS Business Parks history FAQs
Zippia gives an in-depth look into the details of PS Business Parks, including salaries, political affiliations, employee data, and more, in order to inform job seekers about PS Business Parks. The employee data is based on information from people who have self-reported their past or current employments at PS Business Parks. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by PS Business Parks. The data presented on this page does not represent the view of PS Business Parks and its employees or that of Zippia.
PS Business Parks may also be known as or be related to PS BUSINESS PARKS INC/CA, PS Business Parks, PS Business Parks Inc, PS Business Parks, Inc. and Ps Business Parks, Inc.