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PS Business Parks Balance Sheet Health

Financial Health criteria checks 6/6

Key information

0.9%

Debt to equity ratio

US$20.00m

Debt

Interest coverage ratio	73.4x
Cash	US$173.46m
Equity	US$2.11b
Total liabilities	US$183.76m
Total assets	US$2.21b

Recent financial health updates

No updates

Recent updates

PS Business Parks declares $5.25 dividend in connection with pending transaction

Jul 08

PS Business Parks: High Quality Persists, But Shares Are Even More Expensive Than Before

Nov 25

PS Business Parks: Shareholders Rule This Kingdom

Aug 27

The PS Business Parks, Inc. (NYSE:PSB) Analysts Have Been Trimming Their Sales Forecasts

Aug 21

PS Business Parks: Healthy But Pricey

Jun 11

PS Business Parks declares $1.05 dividend

Apr 27

Have Insiders Sold PS Business Parks, Inc. (NYSE:PSB) Shares Recently?

Mar 20

If You Like EPS Growth Then Check Out PS Business Parks (NYSE:PSB) Before It's Too Late

Feb 15

Is PS Business Parks, Inc.'s(NYSE:PSB) Recent Stock Performance Tethered To Its Strong Fundamentals?

Jan 18

A Deep Dive On PS Business Parks

Jan 06

Should You Review Recent Insider Transactions At PS Business Parks, Inc. (NYSE:PSB)?

Dec 21

PS Business Parks (NYSE:PSB) Has Compensated Shareholders With A Respectable 78% Return On Their Investment

Nov 25

PS Business Parks FFO misses by $0.03, beats on revenue

Oct 28

Should Weakness in PS Business Parks, Inc.'s (NYSE:PSB) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

Jul 17

Financial Position Analysis

Short Term Liabilities: PSB's short term assets ($212.6M) exceed its short term liabilities ($91.7M).

Long Term Liabilities: PSB's short term assets ($212.6M) exceed its long term liabilities ($92.0M).

Debt to Equity History and Analysis

Debt Level: PSB has more cash than its total debt.

Reducing Debt: PSB's debt to equity ratio has reduced from 5.9% to 0.9% over the past 5 years.

Debt Coverage: PSB's debt is well covered by operating cash flow (1442.7%).

Interest Coverage: PSB's interest payments on its debt are well covered by EBIT (73.4x coverage).

Balance Sheet

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This company has been acquired

PS Business Parks Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Blackstone Real Estate Partners IX L.P., managed by Blackstone Real Estate Advisors completed the acquisition of PS Business Parks, Inc. (NYSE:PSB) from Public Storage (NYSE:PSA) and others.

Second quarter 2022 earnings: Revenues in line with analyst expectations

Ps Business Parks, Inc. Proposes Cash Dividend

PS Business Parks declares $5.25 dividend in connection with pending transaction

PS Business Parks Will Disappear, But What With The Preferred Shares?

Upcoming dividend of US$1.05 per share

PS Business Parks, Inc. Announces Quarterly Dividend, Payable on June 30, 2022

Blackstone Real Estate Partners IX L.P., a fund managed by Blackstone Real Estate Advisors entered into a definitive agreement to acquire PS Business Parks, Inc. (NYSE:PSB) from Public Storage (NYSE:PSA) and others for $6.6 billion.

PS Business Parks, Inc. to Report Q1, 2022 Results on May 02, 2022

PS Business Parks, Inc. Appoints Stephen W. Wilson as the Company's President

An unknown buyer acquired 12 buildings in the Royal Tech Business Park in Irving from PS Business Parks, Inc. for $93 million.

Now 21% undervalued after recent price drop

PS Business Parks: Not Any Better An Opportunity

Chairman exercised options to buy US$2.3m worth of stock.

Upcoming dividend of US$1.05 per share

Does PS Business Parks (NYSE:PSB) Deserve A Spot On Your Watchlist?

An unkown buyer acquired Royal Tech 10, 70,000 square foot industrial-flex building located in Irving, Texas from PS Business Parks, Inc. (NYSE:PSB) for $8.8 million.

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

Independent Director exercised options to buy US$2.1m worth of stock.

PS Business Parks, Inc. to Report Q4, 2021 Results on Feb 22, 2022

Now 20% undervalued after recent price drop

Independent Director exercised options and sold US$625k worth of stock

Upcoming dividend of US$5.65 per share

PS Business Parks, Inc. Announces Special Dividend to Be Paid in the Fourth Quarter 2021, Payable on December 30, 2021

PS Business Parks: High Quality Persists, But Shares Are Even More Expensive Than Before

Director exercised options and sold US$1.1m worth of stock

Price target increased to US$179

Upcoming dividend of US$1.05 per share

PS Business Parks, Inc acquired Port America in Texas for approximately $120 million.

PS Business Parks: Shareholders Rule This Kingdom

The PS Business Parks, Inc. (NYSE:PSB) Analysts Have Been Trimming Their Sales Forecasts

Consensus forecasts updated

Second quarter 2021 earnings released: FFO US$2.23 per share (vs US$2.02 in 2Q 2020)

Insider recently sold US$149k worth of stock

Executive VP & COO John Petersen has left the company

PS Business Parks: Healthy But Pricey

Senior VP recently sold US$479k worth of stock

Upcoming dividend of US$1.05 per share

Presiding Independent Director exercised options and sold US$1.2m worth of stock

Director notifies of intention to sell stock

Director recently sold US$935k worth of stock

Director notifies of intention to sell stock

Price target increased to US$146

First quarter 2021 earnings released: FFO US$2.13 per share (vs US$2.19 in 1Q 2020)

PS Business Parks, Inc. Declares Quarterly Dividend, Payable on June 30, 2021

PS Business Parks declares $1.05 dividend

Independent Director has left the company

Chairman exercised options to buy US$332k worth of stock.

Director notifies of intention to sell stock

Director recently sold US$865k worth of stock

Have Insiders Sold PS Business Parks, Inc. (NYSE:PSB) Shares Recently?

Director notifies of intention to sell stock

PS Business Parks, Inc. Announces Retirement of James H. Kropp from the Board

PS Business Parks, Inc., Annual General Meeting, Apr 20, 2021

Analysts increase EPS estimates to US$3.36

PS Business Parks, Inc. Announces Executive Changes, Effective April 5, 2021

New 90-day high: US$148

Full year 2020 earnings released: EPS US$4.53 (vs US$3.97 in FY 2019)

Revenue and earnings beat expectations

If You Like EPS Growth Then Check Out PS Business Parks (NYSE:PSB) Before It's Too Late

New 90-day high: US$141

PS Business Parks, Inc. to Report Q4, 2020 Results on Feb 22, 2021

Is PS Business Parks, Inc.'s(NYSE:PSB) Recent Stock Performance Tethered To Its Strong Fundamentals?

A Deep Dive On PS Business Parks

Should You Review Recent Insider Transactions At PS Business Parks, Inc. (NYSE:PSB)?

Upcoming Dividend of US$1.05 Per Share

PS Business Parks (NYSE:PSB) Has Compensated Shareholders With A Respectable 78% Return On Their Investment

New 90-day high: US$138

Third quarter earnings released

Third-quarter earnings released: Revenue and earnings beat expectations

PS Business Parks, Inc. (NYSE:PSB) acquired Pickett Industrial Park in Alexandria, Virginia for $46.3 million.

PS Business Parks FFO misses by $0.03, beats on revenue

New 90-day low: US$115