PS Business Parks acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The company was founded in 1983 and is based in Glendale, California.
PSB Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Ps Business Parks Inc. To summarize, we found that Ps Business Parks Inc ranked in the 33th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 39.67%. In terms of the factors that were most noteworthy in this DCF analysis for PSB, they are:
Its compound free cash flow growth rate, as measured over the past 5.46 years, is -0.03% -- higher than just 20.56% of stocks in our DCF forecasting set.
PSB's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 55.28% of tickers in our DCF set.
Relative to other stocks in its sector (Real Estate), Ps Business Parks Inc has a reliance on debt greater than just 0% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
AMT, CUBE, SKT, IRT, and ALEX can be thought of as valuation peers to PSB, in the sense that they are in the Real Estate sector and have a similar price forecast based on DCF valuation.
As of August 31, 2020, PS Business Parks (PSB) August billed rent, inclusive of repayments of amounts that had previously been deferred, were 95% (vs. 93% as of July 2020) collected.Through August 31, 2020, ~10.7% of customers, based on total rental income, had been granted rent relief in the form of...
In this article we will check out the progression of hedge fund sentiment towards PS Business Parks Inc (NYSE:PSB) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]