PS Business Parks Inc (PSB) filed Quarterly Report for the period ended 2012-09-30.

Ps Business Parks, Inc. has a market cap of $1.56 billion; its shares were traded at around $64.42 with a P/E ratio of 14.5 and P/S ratio of 5.2. The dividend yield of Ps Business Parks, Inc. stocks is 2.7%. Ps Business Parks, Inc. had an annual average earning growth of 3.1% over the past 10 years.

Highlight of Business Operations:Facility Management Fees: Facility management fees account for a small portion of the Company’s net income. During the three months ended September 30, 2012, $159,000 of revenue was recognized from facility management fees compared to $170,000 for the same period in 2011. During the nine months ended September 30, 2012, $489,000 in revenue was recognized from facility management fees compared to $517,000 for the same period in 2011.

Pursuant to a cost sharing and administrative services agreement, the Company shares costs with PS for certain administrative services, which are allocated to PS in accordance with a methodology intended to fairly allocate those costs. These costs totaled $110,000 for the three months ended September 30, 2012 and 2011 and $331,000 for the nine months ended September 30, 2012 and 2011. In addition, the Company provides property management services for properties owned by PS for a fee of 5% of the gross revenues of such properties in addition to reimbursement of direct costs. These management fee revenues recognized under management contract with PS totaled $159,000 and $170,000 for the three months ended September 30, 2012 and 2011, respectively and $489,000 and $517,000 for the nine months ended September 30, 2012 and 2011, respectively. PS also provides property management services for the self-storage component of two assets owned by the Company for a fee of 6% of the gross revenues of such properties in addition to reimbursement of certain costs. Management fee expense recognized under the management contract with PS totaled $14,000 and $13,000 for the three months ended September 30, 2012 and 2011, respectively and $41,000 and $39,000 for the nine months ended September 30, 2012 and 2011, respectively.

Read the The complete Report

What Worked in the Stock Market for Long-Term Investors?

Extensive research has found that the companies with predictable revenues and earnings outperform the market average; they also suffer lower probability of loss. As a matter of fact, this kind of companies are exactly what Warren Buffett wants to buy and hold forever. Please read the research about what worked in the stock market:

Part I: What worked in the market from 1998-2008? Part I: Predictability Rank
Part II: Role of Valuations
Part III: Intrinsic Value, Discounted Cash Flow and Margin of Safety

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool