PS Business Parks (PSB) Reports Q2 EPS of $0.93

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PS Business Parks, Inc. Reports Results for the Quarter Ended June 30, 2020

August 4, 2020 4:30 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the three and six months ended June 30, 2020.

Operating Results for the Three and Six Months Ended June 30, 2020

Net income allocable to common shareholders for the three and six months ended June 30, 2020 was $25.5 million, or $0.93 per diluted common share, and $67.1 million, or $2.44 per diluted common share, respectively. Net income was negatively affected by the COVID-19 pandemic and its impact on certain of the Companys customers. During the quarter ended June 30, 2020, the Company... More