About PS Business Parks
PS Business Parks is a publicly listed company based in Glendale (United States) founded in 1990, and was acquired by Blackstone in April 2022. Investment is focused on multi-tenant industrial, flex, and office properties. PS Business Parks has completed 1 acquisition, including Mrpnvipindustrial.com. Its chief executive, as recorded, is Joe Russell. PS Business Parks offers products and services including Property Leasing and Space Rental. Its focus areas include REITs, Equity and Diversified. Its legal entity is PS BUSINESS PARKS INC/CA. Its competitors include Vornado, Griffin Capital Company and Arbor Realty Trust; 1 of its 3 listed competitors has raised funding.
Company details
PS Business Parks was established in 1990 as a real estate investment trust based in Glendale, United States. Operations center on acquiring and managing commercial properties, with emphasis placed on multi-tenant industrial, flex, and office spaces. The portfolio is maintained to support leasing and income generation in the real estate sector, serving tenants across various business needs in the U.S. market.
- Headquarters Glendale, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website psbusinessparks.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Blackstone (Apr 2022)
- Legal Name Ps Business Parks, Inc.
- Annual Revenue$420.4 M (USD)-4.27as on Dec 31, 2022
- Net Profit-$45.77 M (USD)-110.26as on Dec 31, 2022
- EBITDA$355.21 M (USD)22.96as on Dec 31, 2022
- Investors
- Investments & Acquisitions
- Acquired byBlackstone
(Apr 2022)
Products & Services of PS Business Parks
PS Business Parks offers a comprehensive portfolio of products and services, including Property Leasing and Space Rental.
Leasing platform for business parks and commercial properties.
Rental services for industrial and office spaces.
Apps and channels of PS Business Parks
its YouTube channel Link Parks has 163 subscribers and 30 videos.
Videos from PS Business Parks
The most watched videos on PS Business Parks's YouTube channel, Link Parks (163 subscribers). Click a video to play it here.
More on Link Parks.
Investors in PS Business Parks
PS Business Parks has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blackstone.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States |
Investor details for PS Business Parks
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People of PS Business Parks
29 people are tracked at PS Business Parks (18 in leadership, 8 in board & advisors, 3 in team).
| Name | Role | Group |
|---|---|---|
Joe Russell | Co-CEO | Leadership |
Amy Heritage | Regional VP of Leasing, Texas | Leadership |
Mark Antrobius | Regional VP of Leasing, Southern California & Seattle | Leadership |
Stuart Hutchison | Divisional VP, Southern California & Seattle | Leadership |
Craig Morrow | Regional VP of Operations, Southern California & Seattle | Leadership |
Laura Clyde | Regional VP of Operations | Leadership |
Dick Scott | Divisional VP, Northern California | Leadership |
Rich Guertin | Divisional Vice President, South Florida | Leadership |
Ngoc Vu Rossi | Regional VP of Leasing, Northern California | Leadership |
Stephen W. Wilson | President & CEO | Leadership |
Bradley Karvasek | VP, Development | Leadership |
Jessica H. Ross | Managing Director, Integrated Services | Leadership |
Andrew Goodman | Managing Director, Investments | Leadership |
Britton T. Winterer | Chief Development Officer | Leadership |
Glenn E. Wylie | Senior Managing Director, | Leadership |
Bridgette Moore | Chief People Officer | Leadership |
Jack Hennessey | Senior Managing Director, | Leadership |
Eddie Ruiz | VP - Director Of Facilities | Leadership |
Gary Pruitt | Director | Board & advisors |
Ronald L. Havner | Chairman | Board & advisors |
9 more people are available in the full profile.
Complete people profiles for PS Business Parks
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of PS Business Parks
PS Business Parks is a publicly listed company on the OTC with ticker symbol PSBYP in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date28 Mar 1991
- Listed onNYSE: PSB
- Listed entityPS Business Parks, Inc.
- Exchange sectorFinance
- ISINUS69360J5781
- Share price$9.72 · 2026-10-09
- Volume (last session)749
Financials of PS Business Parks
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2022 | $420.4M | -$45.8M | $355.2M |
| 2021 | $439.1M | $446.1M | $288.9M |
| 2020 | $415.6M | $172.8M | $275.6M |
Detailed financial statements for PS Business Parks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by PS Business Parks
PS Business Parks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mrpnvipindustrial.com.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Brokerage services for buying and selling commercial properties are provided. | mrpnvipindustrial.com | 2016 | Jun 2018 | $143.3M |
Complete acquisition details for PS Business Parks
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Timeline of PS Business Parks
4 dated milestones of PS Business Parks across 32 years, from founding to its latest funding, stage changes and deals.
- Founded PS Business Parks is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Mrpnvipindustrial.com.
- Exit Acquired by Blackstone.
Competitors of PS Business Parks
PS Business Parks has 3 listed competitors in our database, 1 of them funded. They include Vornado, Griffin Capital Company and Arbor Realty Trust.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vno.com | 1980 | New York, United States | 2,935 | Diversified equity REIT that invests in office, industrial, and commercial real estate properties | ||
| griffincapital.com | 1995 | El Segundo, United States | $41.03M | 154 | Wealth management firm & equity REIT investing in healthcare, office, industrial & retail properties | |
| arbor.com | 1993 | New York, United States | 646 | REIT that invests in multifamily and commercial real estate industries |
Detailed competitors of PS Business Parks
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Web traffic of PS Business Parks
Websites that share an audience with PS Business Parks (psbusinessparks.com).
Websites whose visitors overlap most with PS Business Parks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cousinsproperties.com | 84% | View details |
Top companies in REITs
3 companies that operate in the same segment as PS Business Parks (REITs) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wireless communications infrastructure and data center solutions are provided. | 1994 | Boston, Massachusetts, United States | USD 10.64 B | 4,690 | ||
REIT that invests in campuses, multi-tenant spaces and build-to-suit facilities in the US | 1994 | Pasadena, California, United States | USD 3.03 B | 552 | ||
Telecom and network infrastructure investments are managed as a REIT. | 2015 | Little Rock, Arkansas, United States | USD 2.23 B | 758 |
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Related news about Ps Business Parks
Complete news archive for PS Business Parks
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Frequently Asked Questions about PS Business Parks
PS Business Parks was founded in 1990.
PS Business Parks is headquartered in Glendale, United States. It is registered at Glendale, California, United States.
Joe Russell is the CEO of PS Business Parks, as recorded in our data.
Annual revenue of PS Business Parks is $420.4M as on Dec 31, 2022.
PS Business Parks was established in 1990 as a real estate investment trust based in Glendale, United States. Operations center on acquiring and managing commercial properties, with emphasis placed on multi-tenant industrial, flex, and office spaces. The portfolio is maintained to support leasing and income generation in the real estate sector, serving tenants across various business needs in the U.S. market.
PS Business Parks's top competitors include Griffin Capital Company, Arbor Realty Trust and Vornado.
PS Business Parks offers Property Leasing and Space Rental.
Yes, PS Business Parks is publicly traded on OTC under the ticker symbol PSBYP.
PS Business Parks has made 1 acquisition, including Mrpnvipindustrial.com.
PS Business Parks has 1 investor. Key investors include Blackstone.
PS Business Parks operates through Ps Business Parks Inc/Ca.
Yes. PS Business Parks was acquired by Blackstone in April 2022.