PS Business Parks, Inc. (PSB)
| Market Cap | 5.15B |
| Revenue (ttm) | 443.50M |
| Net Income (ttm) | 437.20M |
| Shares Out | 27.63M |
| EPS (ttm) | 14.22 |
| PE Ratio | 13.12 |
| Forward PE | n/a |
| Dividend | $8.80 (4.72%) |
| Ex-Dividend Date | Jun 14, 2022 |
| Volume | 268,248 |
| Open | 186.44 |
| Previous Close | 185.95 |
| Day's Range | 185.86 - 186.76 |
| 52-Week Range | 147.03 - 189.83 |
| Beta | 0.58 |
| Analysts | Sell |
| Price Target | 191.76 (+2.8%) |
| Earnings Date | May 2, 2022 |
About PSB
PS Business Parks, Inc., a member of the S&P MidCap 400, is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. As of September 30, 2020, the Company wholly owned 27.5 million rentable square feet with approximately 5,000 commercial customers in six states. The Company also held a 95.0% interest in a 395-unit apartment complex and a 98.2% interest in a development of a 411-unit multifamily apartment complex.
Financial Performance
In 2021, PSB's revenue was $438.70 million, an increase of 5.55% compared to the previous year's $415.62 million. Earnings were $448.76 million, an increase of 158.58%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for PSB stock is "Sell." The 12-month stock price forecast is 191.76, which is an increase of 2.81% from the latest price.
News
PS BUSINESS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy ...
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PS Business Parks,...
How This Self-Storage REIT Is Compounding Value
Public Storage renters are locked in. Investors should be, too.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates CMPI, PSB, ATRS, VWTR
NEW YORK , May 9, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of ...
PS BUSINESS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy ...
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PS Business Parks,...
PS Business Parks (PSB) Q1 FFO Lags Estimates, Revenues Up Y/Y
PS Business Parks' (PSB) quarterly results reflect higher same-park cash net operating income (NOI) backed by increase in weighted average occupancy.
PS Business Parks (PSB) Q1 FFO Lag Estimates
PS Business Parks (PSB) delivered FFO and revenue surprises of -1.09% and 2.54%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
PS Business Parks, Inc. Reports Results for the Quarter Ended March 31, 2022
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB), a real estate investment trust (“REIT”), today announced financial and operating results for the quarter ended March 31, 2022. Fina...
5 Real Estate Stocks With High GF Scores
In light of home prices accelerating near record growth, five real estate stocks with high business predictability and a high GF Score are CBRE Group Inc. ( CBRE , Financial), Equity Lifestyle Propertie...
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of PS Business Parks, Inc.
NEW YORK, April 26, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by PS Business Parks, Inc. (NYSE: PSB) and its board of directors concerning the proposed ac...
SHAREHOLDER ALERT: Weiss Law Investigates PS Business Parks, Inc.
NEW YORK , April 26, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PS Business Parks, Inc. ("PSB" or the "C...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates PSB, FSI, TWTR
NEW YORK , April 26, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches ...
Blackstone Continues Its REIT Buying Binge With $7.6 Billion PS Business Park Purchase
The leading alternative asset manager continues to gobble up commercial real estate.
Why PS Business Parks Stock Rallied 13% Today
The REIT got an offer from Blackstone and took it, and investors reacted just like you would expect.
Blackstone to buy PS Business Parks in $7.6B take-private deal
Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive in the...
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating PS Business Parks, Inc. Buyout
Wilmington, Delaware--(Newsfile Corp. - April 25, 2022) - Rigrodsky Law, P.A. is investigating PS Business Parks, Inc. ("PSB") (NYSE: PSB) regarding possible breaches of fiduciary duties and other viola...
Shareholder Alert: Ademi LLP investigates whether PS Business Parks, Inc. has obtained a Fair Price in its transactio...
MILWAUKEE , April 25, 2022 /PRNewswire/ -- Ademi LLP is investigating PS Business Parks (NYSE: PSB) for possible breaches of fiduciary duty and other violations of law in its transaction with Ergon. Cli...
Why PS Business Parks Stock Is Rising Today
PS Business Parks Inc (NYSE: PSB) shares are trading higher Monday after the company announced it will be acquired by affiliates of Blackstone Real Estate for $7.6 billion. PS Business Parks entered int...
PSB Stock Alert: Halper Sadeh LLP is Investigating Whether the Sale of PS Business Parks, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PS Business Parks, Inc. (NYSE: PSB) to affiliates of Blackstone Real Estate for $187.50 per...
Blackstone paying $7.6 billion for PS Business Parks
PS Business Parks Inc. PDB, shares jumped 11% in premarket trades on Monday after it agreed to be acquired by Blackstone Inc.'s BX, -1.80% real estate unit in a deal valued at $7.6 billion. Blackstone w...
Blackstone to buy REIT PS Business Parks in $7.6 billion deal
Blackstone Inc, the world's biggest alternative asset manager, has agreed to buy real estate investment trust PS Business Parks in a deal valued at $7.6 billion.
Public Storage Provides Update in Relation to Agreed Acquisition of PS Business Parks by Affiliates of Blackstone Rea...
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (“Public Storage” or the “Company”) today provided certain updates as to the impact on Public Storage of the agreed acquisition by affiliates...
Affiliates of Blackstone Real Estate to Acquire PS Business Parks, Inc. for $7.6 Billion
GLENDALE, Calif. and NEW YORK--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (“PSB” or the “Company”) and Blackstone (NYSE:BX) today announced that they have entered into a definitive agreement un...
PS Business Parks, Inc. to Release First-Quarter 2022 Earnings and Host Quarterly Conference Call
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it intends to release its first-quarter 2022 earnings after the close of business on Monday, Ma...
PS Business Parks, Inc. Names Stephen W. Wilson as President and Chief Executive Officer
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that Stephen W. Wilson has been appointed as the Company's President and Chief Executive Officer, effective immediat...
PS Business Parks (PSB) Closes Royal Tech Business Park Sale
PS Business Parks, Inc.'s (PSB) latest disposition effort comes as part of the company's focused strategy to decrease its ownership of office and office-oriented flex properties.