1、2 0 1 8 AN N U A L R EPO RT(As of December 31,2018)CaliforniafRentable Square Feet:10,528,000Buena ParkCarsonCerritosConcordCulver CityFremontHaywardLaguna HillsLake ForestMilpitasMonterey Monterey ParkOaklandSan DiegoSan JoseSan LeandroSan MateoSan Ramon Santa ClaraSignal HillSouth San Francisco St
2、udio CitySunnyvaleTorranceFloridaRentable Square Feet:3,866,000Boca RatonMiamiWellingtonMarylandyRentable Square Feet:2,578,000BeltsvilleGaithersburgRockvilleSilver SpringWashingtongRentable Square Feet:1,390,000KentRedmondRentonTexasRentable Square Feet:4,850,000AustinCarrolltonFarmers BranchGarlan
3、dIrvingMesquitePlanoRichardsonVirginiagRentable Square Feet:4,974,000AlexandriaChantillyFairfaxHerndonLortonMcLeanMerrifieldSpringfieldSterlingViennaWoodbridgeCover photosMiami International Commerce Center(MICC),a 3.5 million square foot,multi-tenant industrial park located in Miami,Florida(top lef
4、t).Northern Virginia Industrial Park,an 814,000 square foot multi-tenant industrial park located in Lorton,Virginia(top right and bottom left).7850 NW 25th Street,a 98,000 square foot industrial building located within MICC in Miami,Florida(bottom right).WA(3)CA(44)TX(21)LFL L L L L L(3)VAV V V V V(
5、19)()MD(6)Divisional/Regional Office()=Number of business parks in stateBUSINESS PARK LOCATIONSCUMULATIVE TOTAL RETURNPS Business Parks,Inc.,S&P 500 Index and NAREIT Equity IndexDecember 31,2013-December 31,2018$250$200$150$100$50$012/31/1312/31/1412/31/1512/31/1612/31/1712/31/18 S&P 500 IndexNAREIT
6、 Equity IndexPS Business Parks,Inc.12/31/1312/31/1412/31/1512/31/1612/31/1712/31/18PS Business Parks,Inc.$100.00$110.38$124.81$171.12$188.74$203.66S&P 500 Index$100.00$113.69$115.26$129.05$157.22$150.33NAREIT Equity Index$100.00$128.03$131.64$143.00$155.41$149.12The graph set forth above compares th