PS Business Parks Inc Reports Operating Results (10-K)

Author's Avatar
Feb 27, 2012
PS Business Parks Inc (PSB, Financial) filed Annual Report for the period ended 2011-12-31.

Ps Business Pks has a market cap of $1.54 billion; its shares were traded at around $63.84 with a P/E ratio of 13.64 and P/S ratio of 5.16. The dividend yield of Ps Business Pks stocks is 2.76%. Ps Business Pks had an annual average earning growth of 3.5% over the past 10 years. GuruFocus rated Ps Business Pks the business predictability rank of 2-star.

Highlight of Business Operations:

Facility Management Fees: Facility management fees account for a small portion of the Companys net income. During the year ended December 31, 2011, $684,000 of revenue was recognized from facility management fees compared to $672,000 for the year ended December 31, 2010.

Interest and Other Income: Interest and other income reflect earnings on cash balances in addition to miscellaneous income items. Interest income was $22,000 for the year ended December 31, 2011 compared to $198,000 for the year ended December 31, 2010. The decrease was primarily attributable to lower average cash balances in 2011. Average cash balances and effective interest rates for the year ended December 31, 2011 were $12.7 million and 0.2%, respectively, compared to $111.7 million and 0.2%, respectively, for the year ended December 31, 2010.

Facility Management Fees: Facility management fees account for a small portion of the Companys net income. During the year ended December 31, 2010, $672,000 of revenue was recognized from facility management fees compared to $698,000 for the year ended December 31, 2009.

Interest and Other Income: Interest and other income reflect earnings on cash balances in addition to miscellaneous income items. Interest income was $198,000 for the year ended December 31, 2010 compared to $431,000 for the year ended December 31, 2009. The decrease was primarily attributable to lower effective interest rates. Average cash balances and effective interest rates for the year ended December 31, 2010 were $111.7 million and 0.2%, respectively, compared to $112.7 million and 0.4%, respectively, for the year ended December 31, 2009.

Read the The complete Report