Name | Value |
---|---|
Revenues | 112.8M |
Cost of Revenue | 34.1M |
Gross Profit | 78.7M |
Operating Expense | 34.5M |
Operating I/L | 82.4M |
Other Income/Expense | 18.7M |
Interest Income | 0.2M |
Pretax | 101.1M |
Income Tax Expense | 0.3M |
Net Income/Loss | 100.8M |
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 of 27.5 million rentable square feet and approximately 5,000 commercial customers across six states, the company generates revenue through leasing its properties to businesses. Additionally, it 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.