PS Business Parks Inc.
701 Western Avenue
Glendale,
CA 91201-2397
Phone: 818-244-8080
Fax: 818-242-0566
Web Site: http://www.psbusinessparks.com
| REUTERS ABRIDGED BUSINESS SUMMARY | |
| PS Business Parks, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. As of December 31, 2007, the company owned and operated approximately 19.6 million rentable square feet of commercial space located in Arizona, California, Florida, Maryland, Oregon, Texas, Virginia, and Washington, as well as managed approximately 1.4 million rentable square feet. It also owned approximately 6.4 acres of land in Northern Virginia; 14.9 acres in Portland, Oregon; and 10.0 acres in Dallas, Texas for the development of commercial properties. PS Business Parks has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1983. It was formerly known as Public Storage Properties XI, Inc. and changed its name to PS Business Parks, Inc. in 1998. The company is based in Glendale, California. |
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| Key Statistics | More from Reuters
Expanded Business Description |
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| REUTERS ABRIDGED FINANCIAL SUMMARY | |
| | Pay | Exercised | Mr. Ronald L. Havner Jr., 50
Chairman, Vice Chairman of Public Storage, Chief Exec. Officer of Public Storage and Pres of Public Storage |
N/A
| N/A | Mr. Joseph D. Russell Jr., 49
Chief Exec. Officer, Pres |
N/A
| N/A | Mr. Edward A. Stokx , 43
Chief Financial Officer, Principal Accounting Officer, Exec. VP and Sec. |
$
409.00K |
$
304.00K | Mr. John W. Petersen , 45
Chief Operating Officer and Exec. VP |
N/A
| N/A | Ms. Maria R. Hawthorne , 49
Sr. VP of East Coast |
$
384.00K |
$
295.00K |
|
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Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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