PS Business Parks (PSB) Tops Q2 EPS by 4c

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Go back to PS Business Parks (PSB) Tops Q2 EPS by 4c

PS Business Parks, Inc. Reports Results for the Quarter Ended June 30, 2016

July 26, 2016 5:04 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the quarter ended June 30, 2016.

Net income allocable to common shareholders increased $4.6 million, or 41.4%, from $11.1 million, or $0.41 per share, for the three months ended June 30, 2015 to $15.7 million, or $0.58 per share, for the three months ended June 30, 2016. The quarterly change was primarily the result of an increase in total net operating income (NOI) of $4.0 million. Net income allocable to common shareholders decreased $601,000, or 1.9%, from $30.9 million, or $1.14 per share, for the six months ended June 30, 2015 to $30.3 million, or $1.12 per share, for the six... More