PS Business Parks, Inc. (PSB)
| Market Cap | 4.39B |
| Revenue (ttm) | 417.45M |
| Net Income (ttm) | 110.92M |
| Shares Out | 27.53M |
| EPS (ttm) | 4.02 |
| PE Ratio | 39.70 |
| Forward PE | n/a |
| Dividend | $4.20 |
| Dividend Yield | 2.63% |
| Trading Day | June 11 |
| Last Price | $159.60 |
| Previous Close | $160.99 |
| Change ($) | -1.39 |
| Change (%) | -0.86% |
| Day's Open | 161.44 |
| Day's Range | 158.43 - 162.38 |
| Day's Volume | 102,697 |
| 52-Week Range | 107.68 - 165.85 |
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that the Company will make a virtual presentation at REITweek 2021 on Tuesday, June 8, 2021, from 1:...
PS Business Parks (PSB) reported earnings 30 days ago. What's next for the stock?
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it has completed the reincorporation of the Company from the State of California to the State o...
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that John W. Petersen will resign as Executive Vice President and Chief Operating Officer of the Com...
PS Business Parks' (PSB) Q1 results highlight flat net operating income and higher general and administrative expense.
PS Business Parks (PSB) delivered FFO and revenue surprises of 0.00% and 2.90%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) reported operating results for the three months ended March 31, 2021. Operating Results for the Three Months Ended March 31, 2021 Ne...
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that its Board of Directors elected Dan “Mac” Chandler, III and Irene H. Oh to the Board of Director...
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its first quarter 2021 earnings after the close of business on Tuesday, April 27, 2021. A...
PS Business Parks (PSB) reported earnings 30 days ago. What's next for the stock?
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that Dan “Mac” Chandler, III has been appointed as the Company's President and Chief Executive Officer, effective Ap...
PS Business Parks' (PSB) Q4 results highlight increased cash rental income from the occupied part of its same-park portfolio, though lower weighted average occupancy played spoilsport.
Shares of PS Business Parks (NYSE:PSB) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 0.61% year over year to $1.66, which beat...
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) reported operating results for the quarter and year ended December 31, 2020. Operating Results for the Three Months and Year Ended D...
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its fourth quarter 2020 earnings after the close of business on Monday, February 22, 2021...
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today the tax treatment of the Company's 2020 dividends. For the tax year ended December 31, 2020, 100% of the distributio...
PS Business Parks owns and operates a light industrial, flex, and office space mainly in gateway markets. Their stock price remains significantly depressed compared to a year ago.
PS Business Parks is faring well in the current environment, with growth in cash rental rates and an improving rent collection rate. I see PSB returning to growth mode next year, with its value-creating...
PS Business Parks (PSB) will likely gain from its diversified portfolio, asset-repositioning moves and balance-sheet strength though a sluggish economy and rent-collection woes are concerns.
While PS Business Parks' (PSB) Q3 results reflect substantial rent collections, decline in same-park NOI and occupancy is a concern.
PS Business Parks, Inc. (PSB) CEO John Petersen on Q3 2020 Results - Earnings Call Transcript
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) reported operating results for the three and nine months ended September 30, 2020 and announced that it acquired a 246,000 square fo...
Elevated unemployment rates in the American economy remains.
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its third quarter 2020 earnings after the close of business on Wednesday, October 28, 202...
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PS Business Parks' (PSB) pace of rent collections in August outdoes its experience in each of the prior months, starting from April through July.
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc.
PS Business Parks: Wait For A Better Margin Of Safety
PS Business Parks (PSB) reported earnings 30 days ago. What's next for the stock?
PS Business Parks (PSB) will likely gain from its diversified portfolio, asset-repositioning moves and balance-sheet strength though a sluggish economy and rent-collection woes are concerns.
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc.
PS Business Parks, Inc. (PSB) CEO John Petersen on Q2 2020 Results - Earnings Call Transcript
While PS Business Parks' (PSB) Q2 results reflect substantial rent collections in July, decline in same-park NOI and occupancy is a concern.
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc.
Industrial REITs are being resilient to the pandemic-induced market mayhem on solid demand for space and robust rent collections.
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its second quarter 2020 earnings after the close of business on Tuesday, August 4, 2020. ...
PS Business Parks (PSB) witnesses decline in rental receipts and weighted average occupancy for May.
Billionaire Watch List: 4 REITs Buffett Should Buy
PS Business Parks, Inc. (PSB) CEO John Petersen on Q1 2020 Results - Earnings Call Transcript
PS Business Parks' (PSB) Q1 results reflect same-park NOI growth, and higher NOI from non-same-park and multi-family assets.
PS Business Parks (PSB) is likely to ride high on healthy demand for industrial real estates and buyouts, though high supply and adverse impact of the coronavirus outbreak on the economy are woes.
We Are Only Buying SWANs During This Black Swan Event
PS Business Parks (PSB) reported earnings 30 days ago. What's next for the stock?
PS Business Parks' (PSB) Q4 results reflect same-park NOI growth, and higher NOI from non-same-park and multi-family assets.
PS Business Parks, Inc. (PSB) CEO Maria Hawthorne on Q4 2019 Results - Earnings Call Transcript
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.
| Industry REIT-Diversified | |
| Stock Exchange NYSE | Ticker Symbol PSB |
Financial Performance
In 2020, PSB's revenue was $415.62 million, a decrease of -3.31% compared to the previous year's $429.85 million. Earnings were $173.55 million, a decrease of -0.81%.
Analyst Forecasts
According to 4 analysts, the average rating for PSB stock is "Sell." The 12-month stock price forecast is 141.00, which is a decrease of -11.65% from the latest price.