PS Business Parks, Inc. - San Diego, CA

PS Business Parks, Inc. (NYSE: PSB) is a real estate investment trust that owns multi-tenant office, flex, and industrial properties in California, Florida, Maryland, Texas, Virginia, and Washington state. Headquartered in Glendale, California, the company was founded in 1986 as a division of its parent company, Public Storage. In 1998 the REIT was spun off with its own IPO but remained partially owned by Public Storage. PS Business Parks has a portfolio that includes spaces that can accommodate small and medium companies. Its top customer is the U.S. Government, which comprises less than 4% of PSB’s annual rent.