PS Business Parks (PSB) Reports In-Line Q4 FFO
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February 21, 2017 5:35 PM EST
GLENDALE, Calif.--(BUSINESS WIRE)--
PS Business Parks, Inc. (NYSE: PSB) reported operating results for the
quarter ended December 31, 2016.
Net income allocable to common shareholders was $12.9Â million, or $0.47
per share, for the three months ended December 31, 2016, a decrease of
$2.0Â million, or 13.4%, from $14.9Â million, or $0.55 per share, for the
three months ended December 31, 2015. Net income allocable to common
shareholders was $62.9Â million, or $2.31 per share, for the year ended
December 31, 2016, a decrease of $5.4 million, or 7.9%, from
$68.3 million, or $2.52 per share, for the year ended December 31, 2015.
The three month decrease was mainly due to non-cash distributions
recorded... More
