PS Business Parks (PSB) Reports Q3 FFO of $1.64

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Go back to PS Business Parks (PSB) Reports Q3 FFO of $1.64

PS Business Parks, Inc. Reports Results for the Quarter Ended September 30, 2018

October 23, 2018 5:17 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the three and nine months ended September 30, 2018.

Operating Results for the Three Months Ended September 30, 2018

Net income allocable to common shareholders was $25.1million, or $0.92 per diluted common share, for the three months ended September 30, 2018, an increase of $7.0million, or 38.6%, from $18.1million, or $0.66 per diluted common share, for the same period in 2017. The increase was mainly due to a charge related to the redemption of preferred stock incurred during the... More