PS Business Parks (PSB) Reports In-Line Q1 FFO

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/26/2026

1. DECK
2. RNG
3. WDC
4. BMY
5. BYD
6. SPOT
7. WCN
8. IVBIY
9. SPY
10. FIX

Go back to PS Business Parks (PSB) Reports In-Line Q1 FFO

PS Business Parks, Inc. Reports Results for the First Quarter Ended March 31, 2015

April 28, 2015 5:00 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the first quarter ended March 31, 2015.

Funds from operations (FFO) were $39.0 million, or $1.13 per share for the three months ended March 31, 2015, a decrease of $2.1 million from the three months ended March 31, 2014 of $41.1 million, or $1.20 per share. The decrease in FFO was primarily the result of a $3.5 million decrease in net operating income (NOI) resulting from asset dispositions and a $1.2 million increase in amortization expense of the Senior Management Long-Term Equity Incentive Plan (LTEIP). During the first quarter of 2014, the Company recognized one... More