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Who We Are

Overview

We are an industrial focused real estate investment trust (REIT) that specializes in owning and operating multi-tenant buildings located in multi-building parks.

Our focus is on providing small-and medium-sized companies with a wide array of simple, easy to use, and functional spaces. The concentration of ownership within our parks and markets allows us to meet the needs of our customers as their business needs change.

who we are team photo

By the Numbers

80%

of our square footage is in coastal markets

60%

located in strong industrial sub-markets

15 years

average tenure of our management teams

$6.7

Billion total enterprise value

The Foundation of our Success

Mopac Business Park interior warehouse photo

Our Markets

Through the years, we have refined the markets in which we operate. Today, we are concentrated in submarkets with high barriers to entry in some of the most desired and premier industrial markets in the U.S.

  • More than 80% of our square footage is located in coastal markets
  • Over 60% of our square footage is located in strong industrial sub-markets of Los Angeles, Orange County, the Bay Area, Seattle, and Miami
  • Our properties and markets are the “last to be hit and first to recover” through multiple real estate cycles

Decentralized Platform

In addition to investing in well-located, quality assets, we also focus on hiring and retaining top quality team members. Our property management and leasing functions are performed in-house through a decentralized platform with offices in each of our markets, which, among other benefits, allows our team to have a customer-centric focus by routinely interacting with and responding to the needs of new and renewing customers.

  • Each of our offices are staffed by local market experts who are empowered to make market-based decisions
  • Each of our offices are led by tenured management teams that average approximately 15 years of employment with PSB

Operating Strategy

Our operating strategy is wrapped around a strong, conservative capital structure, which prioritizes retained cash flow that we use to reinvest in our existing parks, acquire new parks, and fund developments. While we have traditionally favored permanent forms of capital to complement the long-term holding of our assets, we will strategically access the equity and debt capital markets as appropriate in order to fund large acquisition opportunities.

As of December 31, 2019, we had a total enterprise value of $6.7 billion and pristine credit ratings, including an A- corporate rating from Standard & Poor’s. With the strength of our balance sheet and consistency of cash flow generation from our existing portfolio, the Company is in position for major growth.

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Our Markets

PS Business Parks Decentralized
 Platform Icon PS Business Parks Decentralized
 Platform Icon

Decentralized Platform

PS Business Parks Operating
 Strategy Icon PS Business Parks Operating
 Strategy Icon

Operating Strategy

PS Business Parks Markets Icon PS Business Parks Our Markets Icon

Our Markets

Our Markets

Through the years, we have refined the markets in which we operate. Today, we are concentrated in submarkets with high barriers to entry in some of the most desired and premier industrial markets in the U.S.

  • More than 80% of our square footage is located in coastal markets
  • Over 60% of our square footage is located in strong industrial sub-markets of Los Angeles, Orange County, the Bay Area, Seattle, and Miami
  • Our properties and markets are the “last to be hit and first to recover” through multiple real estate cycles
PS Business Parks Decentralized
 Platform Icon PS Business Parks Decentralized
 Platform Icon

Decentralized Platform

Decentralized Platform

In addition to investing in well-located, quality assets, we also focus on hiring and retaining top quality team members. Our property management and leasing functions are performed in-house through a decentralized platform with offices in each of our markets, which, among other benefits, allows our team to have a customer-centric focus by routinely interacting with and responding to the needs of new and renewing customers.

  • Each of our offices are staffed by local market experts who are empowered to make market-based decisions
  • Each of our offices are led by tenured management teams that average approximately 15 years of employment with PSB
PS Business Parks Operating
 Strategy Icon PS Business Parks Operating
 Strategy Icon

Operating Strategy

Operating Strategy

Our operating strategy is wrapped around a strong, conservative capital structure, which prioritizes retained cash flow that we use to reinvest in our existing parks, acquire new parks, and fund developments. While we have traditionally favored permanent forms of capital to complement the long-term holding of our assets, we will strategically access the equity and debt capital markets as appropriate in order to fund large acquisition opportunities.

As of December 31, 2019, we had a total enterprise value of $6.7 billion and pristine credit ratings, including an A- corporate rating from Standard & Poor’s. With the strength of our balance sheet and consistency of cash flow generation from our existing portfolio, the Company is in position for major growth.

Our company is entrepreneurial in nature and our people have a lot of autonomy. This makes integrity and ethics critical components of our success.

Maria Hawthorne | Board Member, Former President & CEO

Maria Hawthorne Retire Photo
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