1、2020 ANNUAL REPORT(As of December 31,2020)CaliforniaRentable Square Feet:11,297,000Buena ParkCarsonCerritosConcordCulver CityFremontHaywardLa MiradaLaguna HillsLake ForestMilpitasMonterey Monterey ParkOaklandSan DiegoSan JoseSan LeandroSan MateoSan Ramon Santa ClaraSanta Fe Springs Signal HillSouth
2、San Francisco Studio CitySunnyvaleTorranceFloridaRentable Square Feet:3,866,000Boca RatonMiamiWellingtonMarylandRentable Square Feet:1,145,000BeltsvilleGaithersburgRockvilleWashingtonRentable Square Feet:1,350,000KentRedmondRentonTexasRentable Square Feet:4,850,000AustinCarrolltonFarmers BranchGarla
3、ndIrvingMesquitePlanoRichardsonVirginiaRentable Square Feet:5,220,000AlexandriaChantillyFairfaxHerndonLortonMcLeanMerrifieldSpringfieldSterlingViennaWoodbridgeCover photo212 Business Park,a 1.0 million square foot multi-tenant industrial park located in Seattle,Washington.WA(3)CA(47)TX(21)FL(3)VA(20
4、)MD(4)Divisional/Regional Office()=Number of business parks in stateBUSINESS PARK LOCATIONSCUMULATIVE TOTAL RETURNPS Business Parks,Inc.,S&P 400 Index and NAREIT Equity IndexDecember 31,2010-December 31,2020$400$350$300$250$200$100$0$150$5012/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/
5、16 12/31/1712/31/2012/31/1912/31/18S&P 400 IndexNAREIT Equity IndexPS Business Parks,Inc.12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20PS Business Parks,Inc.$100.00$102.76$123.73$149.00$164.47$185.96$254.96$281.21$303.44$391.70$325.84S&P 400 Index$
6、100.00$98.27$115.84$154.64$169.75$166.06$200.49$233.06$207.23$261.52$297.24NAREIT Equity Index$100.00$108.28$129.62$133.32$170.68$175.51$190.65$207.19$198.81$255.79$242.69The graph set forth above compares the yearly change in the cumulative total shareholder return on theCommon Stock of the Company