PS Business Parks, Inc. (PSB)
Stock Price:
$132.70 USD
-2.38 (-1.76%)
Updated November 27, 1:00 PM EST - Market closed
Key Info
| Market Cap |
4.62B |
| Revenue (ttm) |
416.71M |
| Net Income (ttm) |
125.21M |
| Shares Out |
27.49M |
| EPS (ttm) |
4.55 |
| PE Ratio |
29.16 |
| Forward PE |
n/a |
| Dividend |
$4.20 |
| Dividend Yield |
3.17% |
Stock Quote
| Trading Day |
November 27 |
| Last Price |
$132.70 |
| Previous Close |
$135.08 |
| Change ($) |
-2.38 |
| Change (%) |
-1.76% |
| Day's Open |
134.58 |
| Day's Range |
131.84 - 134.58 |
| Day's Volume |
40,712 |
| 52-Week Range |
102.48 - 179.52 |
More Stats
| Market Cap |
4.62B |
| Enterprise Value |
4.50B |
| Earnings Date (est) |
Feb 23, 2021 |
| Ex-Dividend Date |
Sep 14, 2020 |
| Shares Outstanding |
27.49M |
| Float |
n/a |
| EPS (basic) |
4.56 |
| EPS (diluted) |
4.55 |
| FCF / Share |
14.09 |
| Dividend |
$4.20 |
| Dividend Yield |
3.17% |
| Earnings Yield |
3.43% |
| FCF Yield |
8.39% |
| Payout Ratio |
92.10% |
| Shares Short |
389,477 |
| Short Ratio |
3.21 |
| Short % of Float |
n/a |
| Beta |
0.39 |
| PE Ratio |
29.16 |
| Forward PE |
n/a |
| P/FCF Ratio |
11.92 |
| PS Ratio |
11.08 |
| PB Ratio |
4.49 |
| Revenue |
416.71M |
| Operating Income |
176.34M |
| Net Income |
125.21M |
| Free Cash Flow |
387.26M |
| Net Cash |
117.88M |
| Net Cash / Share |
3.39 |
| Gross Margin |
72.35% |
| Operating Margin |
42.32% |
| Profit Margin |
30.00% |
| FCF Margin |
92.93% |
| ROA |
5.27% |
| ROE |
11.23% |
| ROIC |
9.70% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Forecasts
Analyst Ratings (4)
| Buy |
0 |
| Overweight |
0 |
| Hold |
2 |
| Underweight |
0 |
| Sell |
2 |
Analyst Consensus: Underweight
Price Target
$128.25*
(-3.35% downside)
Low
112
Current: $132.70
High
139
Target: 128.25
*Average 12-month price target from 4 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 430 | 414 | 402 | 387 | 373 | 377 | 360 | 347 | 298 | 277 |
| Revenue Growth | 3.95% | 2.82% | 3.96% | 3.68% | -1% | 4.73% | 3.65% | 16.45% | 7.65% | - |
| Gross Profit | 302 | 289 | 280 | 264 | 252 | 250 | 245 | 233 | 198 | 188 |
| Operating Income | 183 | 178 | 173 | 149 | 133 | 126 | 131 | 115 | 105 | 99.60 |
| Net Income | 175 | 227 | 155 | 128 | 130 | 174 | 103 | 89.08 | 94.09 | 85.33 |
| Shares Outstanding | 27.42 | 27.32 | 27.21 | 27.09 | 26.97 | 26.90 | 24.73 | 24.23 | 24.52 | 24.55 |
| Earnings Per Share | 3.95 | 6.31 | 3.30 | 2.31 | 2.52 | 4.19 | 1.77 | 0.81 | 2.12 | 1.58 |
| EPS Growth | -37.4% | 91.21% | 42.86% | -8.33% | -39.86% | 136.72% | 118.52% | -61.79% | 34.18% | - |
| Dividend Per Share | 4.20 | 3.80 | 3.40 | 3.00 | 2.20 | 2.00 | 1.76 | 1.76 | 1.76 | 2.20 |
| Dividend Growth | 10.53% | 11.76% | 13.33% | 36.36% | 10% | 13.64% | 0% | 0% | -20% | - |
| Operating Cash Flow | 291 | 276 | 272 | 251 | 239 | 228 | 222 | 209 | 181 | 177 |
| Capital Expenditures | -34.32 | -37.15 | -49.62 | -44.55 | 8.70 | 113 | -173 | -106 | -337 | -327 |
| Free Cash Flow | 256 | 239 | 222 | 206 | 248 | 341 | 49.42 | 103 | -156 | -150 |
| Cash & Equivalents | 62.79 | 37.38 | 115 | 129 | 189 | 152 | 31.48 | 12.88 | 4.98 | 5.07 |
| Total Debt | - | - | - | - | 250 | 250 | 250 | 468 | 717 | 145 |
| Net Cash / Debt | 62.79 | 37.38 | 115 | 129 | -61.09 | -97.53 | -219 | -455 | -712 | -139 |
| Assets | 2,046 | 2,069 | 2,100 | 2,119 | 2,187 | 2,227 | 2,239 | 2,152 | 2,139 | 1,621 |
| Liabilities | 84.63 | 85.14 | 210 | 309 | 326 | 319 | 324 | 538 | 778 | 198 |
| Book Value | 1,746 | 1,765 | 1,693 | 1,613 | 1,660 | 1,713 | 1,718 | 1,446 | 1,179 | 1,194 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
PS Business Parks, Inc. |
| Country |
United States |
| Employees |
155 |
| CEO |
John W. Petersen |
Stock Information
| Ticker Symbol |
PSB |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Real Estate |
| Industry |
REIT—Diversified |
| Unique Identifier |
NYSE: PSB |
Description
PS Business Parks, a member of the S&P MidCap 400, is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. As of September 30, 2020, the Company wholly owned 27.5 million rentable square feet with approximately 5,000 commercial customers in six states. The Company also held a 95.0% interest in a 395-unit apartment complex and a 98.2% interest in a development of a 411-unit multifamily apartment complex.