PS Business Parks (PSB) Tops Q3 EPS by 1c
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PS Business Parks, Inc. Reports Results for the Third Quarter Ended September 30, 2015
October 27, 2015 5:18 PM EDTGLENDALE, Calif--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the third quarter ended September 30, 2015.
Funds from operations (FFO) were $41.4 million, or $1.20 per share, as adjusted, for the three months ended September 30, 2015, an increase of $225,000 from the three months ended September 30, 2014 of $41.2 million, or $1.20 per share, as adjusted. FFO was $121.6 million, or $3.53 per share, as adjusted, for the nine months ended September 30, 2015, a decrease of $1.5 million from the nine months ended September 30, 2014 of $123.1 million, or $3.58 per share, as adjusted. The nine-month decrease in FFO was due to a decrease in net... More
