| Business Summary | | PS
Business
Parks,
Inc.
is
a
self-advised
and
self-managed
real
estate
investment
trust
that
acquires,
develops,
owns
and
operates
commercial
properties,
primarily
flex,
multi-tenant
office
and
industrial
space.
The
Company
is
the
sole
general
partner
of
PS
Business
Parks,
L.P.,
the
Operating
Partnership,
through
which
the
Company
conducts
most
of
its
activities
and
owned,
as
of
December
31,
2000,
75%
of
the
common
partnership
units.
Substantially
all
of
the
remaining
common
partnership
units
are
owned
by
Public
Storage,
Inc.
and
its
affiliates. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PS
Business
Parks,
a
self-advised
and
self-managed
equity
REIT,
manages,
acquires
and
develops
business
parks
containing
office
space.
As
of
12/99,
PSB
and
the
OP
owned
and
operated
125
commercial
properties
in
11
states.
For
the
six
months
ended
6/30/01,
revenues
rose
9%
to
$80.6
million.
Net
income
applicable
to
Common
rose
7%
to
$21.1
million.
Results
reflect
increased
property
rental
rates,
partially
offset
by
higher
depreciation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ronald Havner, Jr., 43 Chairman,
Pres, CEO | $640K | Stephen King, 44 COO,
VP | -- | Jack Corrigan, 40 VP,
CFO, Sec. | 373K | Angelique Benschneider, 38 VP--property
operations for the Midwest Division | -- | David Bischoff, 49 VP | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|