PS Business Parks (PSB) Tops Q2 FFO by 2c

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Go back to PS Business Parks (PSB) Tops Q2 FFO by 2c

PS Business Parks, Inc. Reports Results for the Second Quarter Ended June 30, 2015 and Increases Quarterly Common Dividend by 20.0% to $0.60 Per Share

July 28, 2015 5:12 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the second quarter ended June 30, 2015.

Funds from operations (FFO) were $41.2 million, or $1.20 per share for the three months ended June 30, 2015, an increase of $389,000 from the three months ended June 30, 2014 of $40.8 million, or $1.19 per share. FFO was $80.2 million, or $2.33 per share for the six months ended June 30, 2015, a decrease of $1.8 million from the six months ended June 30, 2014 of $81.9 million, or $2.39 per share. The three month increase in FFO was primarily the result of a $4.4 million increase in net operating... More