1、701 Western Avenue,Glendale,California 91201-2349(818)244-8080 2 0 1 0 A n n u a l R e p o r t(As of December 31,2010)CaliforniaRentable Square Feet:5,806,000Buena ParkCarsonCerritosCulver CityHaywardIrvineLaguna HillsLake ForestMonterey Monterey ParkOrangeSacramentoSan DiegoSan JoseSan Ramon Santa
2、AnaSanta Clara Signal HillSouth San Francisco Studio CityTorranceOregonRentable Square Feet:1,314,000BeavertonMilwaukieArizonaRentable Square Feet:679,000MesaPhoenixTempe WashingtonRentable Square Feet:521,000RedmondRentonTexasRentable Square Feet:3,423,000AustinDallasFarmers BranchGarlandHoustonIrv
3、ingMesquiteMissouri CityPlanoRichardsonMarylandRentable Square Feet:2,352,000BeltsvilleGaithersburgRockvilleSilver SpringVirginiaRentable Square Feet:4,025,000AlexandriaChantillyFairfaxHerndonLortonMcLeanMerrifieldSpringfieldSterlingViennaWoodbridgeFloridaRentable Square Feet:3,671,000Boca RatonMiam
4、iWellingtonBUSINESS PARK LOCATIONSPS Business Parks,Inc.Divisional/Regional Office()=Number of business parks in stateCA(30)OR(3)WA(2)AZ(4)TX(20)FL (3)VA (17)MD (6)Cover photos(clockwise from top)Westpark Business Campus,Tysons Corner,Virginia,acquired December 2010Shady Grove Executive Center,Rockv
5、ille,Maryland,acquired March 2010McNeil Business Park,Austin,Texas,acquired April 2010Braker Business Park,Austin,Texas,acquired April 2010 PS Business Parks,Inc.,S&P 500 Index and NAREIT Equity IndexDecember 31,2005-December 31,2010 The graph set forth above compares the yearly change in the cumula
6、tive total shareholder return on the Common Stock of the Company for the five-year period ended December 31,2010 to the cumulative total return of the Standard&Poors 500 Stock Index(“S&P 500 Index”)and the National Association of Real Estate Investment Trusts Equity Index(“NAREIT Equity Index”)for t