Inactive Instrument

PS Business Parks, Inc.

PSB

US69360J1079

PS Business Parks, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

July 19, 2022 at 05:14 pm EDT

PS Business Parks, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 110.91 million compared to USD 109.36 million a year ago. Net income was USD 87.13 million compared to USD 57.96 million a year ago. Basic earnings per share from continuing operations was USD 2.79 compared to USD 1.66 a year ago. Diluted earnings per share from continuing operations was USD 2.78 compared to USD 1.65 a year ago.
For the six months, sales was USD 223.75 million compared to USD 217.41 million a year ago. Net income was USD 169.23 million compared to USD 98.05 million a year ago. Basic earnings per share from continuing operations was USD 5.4 compared to USD 2.67 a year ago. Diluted earnings per share from continuing operations was USD 5.38 compared to USD 2.66 a year ago.

Latest news about PS Business Parks, Inc.

PS Business Parks, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-28	CI
PS Business Parks, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-08	CI
Public Storage to Pay $13.15/Share Special Dividend	22-07-22	MT
Public Storage Declares $13.15/Share Dividend	22-07-22	DJ
Blackstone draws over $24 billion commitments for latest real estate fund	22-07-20	RE
Blackstone Real Estate Affiliates Close $7.6 Billion PS Business Parks Buyout	22-07-20	MT
PS Business Parks, Inc.(NYSE:PSB) dropped from S&P TMI Index	22-07-20	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from S&P 1000	22-07-20	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from S&P Composite 1500	22-07-20	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from S&P 400	22-07-20	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from S&P Global BMI Index	22-07-20	CI
Blackstone Real Estate Partners IX L.P., managed by Blackstone Real Estate Advisors completed the acquisition of PS Business Parks, Inc. from Public Storage and others.	22-07-19	CI
PS Business Parks, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-19	CI
PS Business Park Shareholders Approve Blackstone Real Estate Acquisition	22-07-15	MT
PS Business Parks, Inc. Approves Cash Dividend	22-07-15	CI
Healthcare Trust of America, Coca-Cola Consolidated to Join S&P MidCap 400; Green Brick to Join S&P SmallCap 600	22-07-14	MT
Sector Update: Consumer Stocks Lower Premarket Thursday	22-07-14	MT
Sector Update: Consumer	22-07-14	MT
Healthcare Trust of America, Coca-Cola Consolidated to Join S&P MidCap 400; Green Brick to Join S&P SmallCap 600	22-07-13	MT
Ps Business Parks, Inc. Proposes Cash Dividend	22-07-08	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from Russell 2000 Value-Defensive Index	22-06-24	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from Russell 3000 Value Index	22-06-24	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from Russell 3000E Value Index	22-06-24	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from Russell 2500 Value Index	22-06-24	CI
PS Business Parks, Inc.(NYSE:PSB) dropped from Russell Small Cap Comp Value Index	22-06-24	CI

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Company Profile

PS Business Parks, Inc. (PSB) is a fully integrated, self-advised and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops commercial properties, primarily multi-tenant industrial, industrial-flex and low-rise suburban offices. The Company owns and operates 96 properties serve approximately 4,900 tenants in 27 million square feet of space. The Company also holds an interest in a joint venture entity which owns Highgate at The Mile, an approximately 395-unit multifamily apartment complex located in Tysons, Virginia, and an interest in a joint venture formed to develop Brentford at The Mile, an approximately 411-unit multifamily apartment complex also located in Tysons, Virginia. PSB's assets are held, and its business is conducted, through PS Business Parks, L.P. (the Operating Partnership).

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