Name | Value |
---|---|
Revenues | 110.9M |
Cost of Revenue | 32.6M |
Gross Profit | 78.3M |
Operating Expense | 33.9M |
Operating I/L | 87.6M |
Other Income/Expense | 19.9M |
Interest Income | 1.7M |
Pretax | 107.5M |
Income Tax Expense | 0.5M |
Net Income/Loss | 107.0M |
PS Business Parks, Inc. is a real estate investment trust (REIT) specializing in acquiring, developing, owning, and operating commercial properties, including multi-tenant industrial, flex, and office space. With a portfolio encompassing 27.5 million rentable square feet and approximately 5,000 commercial customers across six states, the company generates revenue through leasing these properties to businesses. Additionally, the company holds interests in apartment complexes, further diversifying its income streams. As of July 20, 2022, PS Business Parks, Inc. operates as a subsidiary of Blackstone Real Estate Advisors.