PS Business Parks (PSB) Tops Q4 EPS by 31c

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Go back to PS Business Parks (PSB) Tops Q4 EPS by 31c

PS Business Parks, Inc. Reports Results for the Quarter and Year Ended December 31, 2019

February 18, 2020 5:15 PM EST

GLENDALE, Calif.--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the quarter and year ended December 31, 2019. Net income allocable to common shareholders for the three months and year ended December 31, 2019 was $27.5 million, or $1.00 per diluted common share, and $108.7 million, or $3.95 per diluted common share, respectively.

We are extremely pleased to report strong operating results for the fourth quarter, a satisfying end to a great year of performance for PS Business Parks, said President and Chief Executive Officer Maria Hawthorne. Same Park cash NOI was up 6.6% in the fourth... More