PS Business Parks (PSB) Tops Q3 FFO by 3c

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

October 25, 2016 5:25 PM EDT

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

Net income allocable to common shareholders was $19.7 million, or $0.72 per share, for the three months ended September 30, 2016, a decrease of $2.8 million, or 12.3%, from $22.5 million, or $0.83 per share, for the three months ended September 30, 2015. Net income allocable to common shareholders decreased $3.4 million, or 6.3%, from $53.4 million, or $1.97 per share, for the nine months ended September 30, 2015 to $50.0 million, or $1.84 per share, for the nine months ended September 30, 2016. The three and nine month decreases were due to the... More