PS Business Parks Inc.
Link Parks, Inc., a member of the S&P MidCap 400, is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. As of September 30, 2020, the Company wholly owned 27.5 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 comp… Read more
PS Business Parks Inc. (PSBXP) - Net Assets
Latest net assets as of September 2022: $2.06 Billion USD
Based on the latest financial reports, PS Business Parks Inc. (PSBXP) has net assets worth $2.06 Billion USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.14 Billion) and total liabilities ($4.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.06 Billion |
| % of Total Assets | 33.54% |
| Annual Growth Rate | -2.21% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.16 |
PS Business Parks Inc. - Net Assets Trend (2019–2022)
This chart illustrates how PS Business Parks Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PS Business Parks Inc. (2019–2022)
The table below shows the annual net assets of PS Business Parks Inc. from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $1.83 Billion | -8.00% |
| 2021-12-31 | $1.99 Billion | +0.93% |
| 2020-12-31 | $1.98 Billion | +0.70% |
| 2019-12-31 | $1.96 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PS Business Parks Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2480.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $3.34 Billion | 183.12% |
| Total Equity | $1.82 Billion | 100.00% |
PS Business Parks Inc. Competitors by Market Cap
The table below lists competitors of PS Business Parks Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ARGO GROUP LTD DL-01
F:IW6
|
$117.88K |
|
Targeted Microwave Solutions Inc
PINK:TGTMF
|
$118.02K |
|
PHOENIX BEVERAGES LTD
SEM:PBL
|
$118.09K |
|
Bain Capital Specialty Finance Inc
NYSE:BCSF
|
$118.10K |
|
BIDVEST
MU:NQL1
|
$117.66K |
|
VALE3F
SA:VALE3F
|
$117.66K |
|
Saxon Capital Group Inc
PINK:SCGX
|
$117.61K |
|
Made SA
PA:MLMAD
|
$117.59K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PS Business Parks Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,734,456,000 to 1,823,082,000, a change of 88,626,000 (5.1%).
- Dividend payments of 359,804,000 reduced retained earnings.
- Other factors increased equity by 448,430,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $0.00 | -0.0% |
| Dividends Paid | $359.80 Million | -19.74% |
| Other Changes | $448.43 Million | +24.6% |
| Total Change | $- | 5.11% |
Book Value vs Market Value Analysis
This analysis compares PS Business Parks Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.19x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $63.62 | $11.86 | x |
| 2020-12-31 | $63.91 | $11.86 | x |
| 2021-12-31 | $62.87 | $11.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PS Business Parks Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 102.29%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.22x
- Recent ROE (25.87%) is above the historical average (15.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 10.02% | 40.70% | 0.21x | 1.17x | $398.40K |
| 2020 | 9.88% | 41.76% | 0.20x | 1.17x | $-2.12 Million |
| 2021 | 25.87% | 102.29% | 0.21x | 1.22x | $275.31 Million |
Industry Comparison
This section compares PS Business Parks Inc.'s net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PS Business Parks Inc. (PSBXP) | $2.06 Billion | 10.02% | 1.98x | $117.76K |
| Abcam plc (ABCZF) | $15.07 Million | 22.73% | 0.21x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $7.09 Million | -104.63% | 5.72x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.71 Million |
| Adamas Trust, Inc. (ADAMG) | $1.41 Billion | -4.40% | 5.53x | $2.07 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $13.74 Million | 0.00% | 2.67x | $9.38 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $51.99 Million | -0.21% | 3.57x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $1.03 Million | -345.23% | 6.23x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $2.41 Billion | -5.83% | 0.11x | $119.23K |
| Alvotech Warrant (ALVOW) | $-412.77 Million | 0.00% | 0.00x | $35.01 Million |