Apr 27, 2021 • 4:45 PM EDT

Q1 2021 Quarterly Results

Quarter Ended Mar 31, 2021

For complete information regarding our financials, see our periodic filings

$1.67

Funds from Operations (“FFO”) for the three months ended March 31, 2021 was $1.67 per share.

$70.3

Net operating income (“NOI”) attributable to the Company’s Same Park portfolio was $70.3 for the three months ended March 31, 2021.

$1.01

Net income allocable to common shareholders for the three months ended March 31, 2021 was $1.01 per diluted common share.

Recent Event

First Quarter 2021 Investor Conference Call

Latest Financial Results

Q1 2021

Quarter Ended Mar 31, 2021

$1.67

Funds from Operations (“FFO”) for the three months ended March 31, 2021 was $1.67 per share.

$70.3

Net operating income (“NOI”) attributable to the Company’s Same Park portfolio was $70.3 for the three months ended March 31, 2021.

$1.01

Net income allocable to common shareholders for the three months ended March 31, 2021 was $1.01 per diluted common share.

For complete information regarding our financials, see our periodic filings.

Latest Annual Report

For Fiscal Year Ending Dec 31, 2020

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Providing Multi-tenant Industrial, Flex, and Office Space Properties

Providing Multi-tenant Industrial, Flex, and Office Space Properties

As of December 31, 2020, the Company wholly owned 27.7 million rentable square feet with approximately 5,000 commercial customers in six states. The Company also held a 95.0% interest in a 395-unit apartment complex and a 98.2% interest in a development of a 411-unit multifamily apartment complex.

PS Business Parks at a Glance

27.8M

Square feet owned

5K+

Customers

98

Parks with operations in 6 states

Source

As of Dec 31, 2020 • 10K 2020

Real Estate Built for Small Business America

Space

Our focus is on providing small-and medium-sized companies with a wide array of simple, easy to use, and functional spaces. The concentration of ownership within our parks and markets allows us to meet the needs of our customers as their business needs change.

Markets

We are concentrated in submarkets with high barriers to entry in some of the most desired and premier industrial markets in the U.S. More than 80% of our square footage is located in coastal markets.

People

Our property management and leasing functions are performed in-house through a decentralized platform with offices in each of our markets, which, among other benefits, allows our team to have a customer-centric focus by routinely interacting with and responding to the needs of new and renewing customers.

Operations

Our operating strategy is wrapped around a strong, conservative capital structure, which prioritizes retained cash flow that we use to reinvest in our existing parks, acquire new parks, and fund developments.

IR Contacts

Company

PS Business Parks, Inc.
701 Western Avenue
Glendale, CA 91201
T: 818-244-8080 ext. 1325
F: 818-242-0566
info@psbusinessparks.com

Investor Relations

Jeff D. Hedges
Executive Vice President, Chief Financial Officer and Secretary
T: 818-244-8080 ext. 1649
F: 818-242-0566
jhedges@psbusinessparks.com

Transfer Agent

American Stock Transfer & Trust Company
59 Maiden Lane
New York, NY 10038
T: 800-937-5449