PS Business Parks, Inc. (PSB)

NYSE: PSB · IEX Real-Time Price · USD
186.51
0.56 (0.30%)
May 17, 2022 3:58 PM EDT - Market closed
Market Cap5.15B
Revenue (ttm)443.50M
Net Income (ttm)437.20M
Shares Out27.63M
EPS (ttm)14.22
PE Ratio13.12
Forward PEn/a
Dividend$8.80 (4.72%)
Ex-Dividend DateJun 14, 2022
Volume268,248
Open186.44
Previous Close185.95
Day's Range185.86 - 186.76
52-Week Range147.03 - 189.83
Beta0.58
AnalystsSell
Price Target191.76 (+2.8%)
Earnings DateMay 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.

IndustryEquity Real Estate Investment Trusts (REITs)
Employees156
Stock ExchangeNYSE
Ticker SymbolPSB
Full Company Profile

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 Statements

Analyst 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.

Price Target
$191.76
(2.81% upside)
Analyst Consensus: Sell
Stock Forecasts

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,...

5 hours ago - Business Wire

How This Self-Storage REIT Is Compounding Value

Public Storage renters are locked in. Investors should be, too.

Other symbols:BXCUBEEXRPSA
8 hours ago - The Motley Fool

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 ...

Other symbols:ATRSCMPIVWTR
1 week ago - PRNewsWire

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,...

1 week ago - Business Wire

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.

2 weeks ago - Zacks Investment Research

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?

2 weeks ago - Zacks Investment Research

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...

2 weeks ago - Business Wire

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...

Other symbols:ADCCBRECCIELS
2 weeks ago - GuruFocus

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...

2 weeks ago - PRNewsWire

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...

2 weeks ago - PRNewsWire

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 ...

Other symbols:CMPITWTR
3 weeks ago - PRNewsWire

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.

Other symbols:BXPSA
3 weeks ago - The Motley Fool

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.

3 weeks ago - The Motley Fool

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...

3 weeks ago - Fox Business

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...

3 weeks ago - Newsfile Corp

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...

3 weeks ago - PRNewsWire

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...

3 weeks ago - Benzinga

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...

3 weeks ago - Business Wire

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...

3 weeks ago - Market Watch

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.

3 weeks ago - Reuters

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...

Other symbols:PSA
3 weeks ago - Business Wire

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...

Other symbols:BX
3 weeks ago - Business Wire

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...

1 month ago - Business Wire

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...

1 month ago - Business Wire

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.

1 month ago - Zacks Investment Research