PS Business Parks Inc (PSB) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Feb 20, 2020
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PS Business Parks Inc (PSB, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. PS Business Parks Inc is a fully-integrated, self-advised and self-managed real estate investment trust. The company owns, operates, acquires and develops commercial properties, including multi-tenant flex, office and industrial space. PS Business Parks Inc has a market cap of $4.58 billion; its shares were traded at around $166.80 with a P/E ratio of 42.12 and P/S ratio of 10.72. The dividend yield of PS Business Parks Inc stocks is 2.52%. PS Business Parks Inc had annual average EBITDA growth of 2.60% over the past ten years.

For the last quarter PS Business Parks Inc reported a revenue of $106.2 million, compared with the revenue of $104.1 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $429.8 million, an increase of 3.9% from last year. For the complete 30-year financial data, please go here.. For the last five years PS Business Parks Inc had an average revenue growth rate of 2.9% a year.

The reported diluted earnings per share was $3.95 for the year, a decline of 37.4% from the previous year. Over the last five years PS Business Parks Inc had an EPS growth rate of 8.4% a year. The PS Business Parks Inc had a decent operating margin of 42.69%, compared with the operating margin of 42.94% a year before. The 10-year historical median operating margin of PS Business Parks Inc is 35.80%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, PS Business Parks Inc has the cash and cash equivalents of $62.8 million, compared with $37.4 million in the previous year. The company had no long term debt. The interest coverage to the debt is at a comfortable level of 279.3. PS Business Parks Inc has a financial strength rank of 8 (out of 10).

At the current stock price of $166.80, PS Business Parks Inc is traded at 89.8% premium to its historical median P/S valuation band of $87.89. The P/S ratio of the stock is 10.72, while the historical median P/S ratio is 5.65. The stock gained 15.60% during the past 12 months.

For the complete 20-year historical financial data of PSB, click here.