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1、2006ANNUALREPORTPROPERTY LOCATIONSPS Business Parks,Inc.(As of December 31,2006)Southern CaliforniaRentable Square Feet:3,985,000Buena ParkCarsonCerritosCulver CityIrvineLaguna HillsLake ForestMonterey ParkOrangeSan DiegoSanta AnaSignal HillStudio CityTorranceNorthern CaliforniaRentable Square Feet:
2、1,567,000HaywardMontereySacramentoSan JoseSan RamonSanta ClaraSouth San FranciscoOregonRentable Square Feet:1,314,000BeavertonMilwaukieWashingtonRentable Square Feet:28,000RentonArizonaRentable Square Feet:679,000MesaPhoenixTempeNorthern TexasRentable Square Feet:1,689,000DallasFarmers BranchGarland
3、IrvingMesquitePlanoRichardsonSouthern TexasRentable Square Feet:1,161,000AustinHoustonMissouri CityVirginiaRentable Square Feet:2,894,000AlexandriaChantillyFairfaxHerndonLortonMerrifieldSpringfieldSterlingWoodbridgeMarylandRentable Square Feet:1,770,000BeltsvilleGaithersburgRockvilleSilver SpringFlo
4、ridaRentable Square Feet:3,596,000Boca RatonMiamiWellington12/31/0112/31/0212/31/0312/31/0412/31/0512/31/06PS Business Parks,Inc.$100.00$104.46$140.03$157.27$176.07$257.90AMEX Index$100.00$97.26$138.45$169.22$207.53$242.62NAREIT Equity Index$100.00$103.82$142.37$187.33$210.12$283.79CUMULATIVE TOTAL
5、RETURNPS Business Parks,Inc.,AMEX Index and NAREIT Equity IndexDecember 31,2001-December 31,2006$300$250$200$150$100$5012/31/0112/31/0212/31/0312/31/0412/31/0512/31/06The graph set forth above compares the yearly change in the cumulative total shareholder return on the Common Stock of the Companyfor
6、 the five-year period ended December 31,2006 to the cumulative total return of the American Stock Exchange Composite IndexMarket Cap-Weight(“AMEX Index”)and the National Association of Real Estate Investment Trusts Equity Index(“NAREIT EquityIndex”)for the same period(total shareholder return equals