PS Business Parks (PSB) Tops Q3 EPS by 31c

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Go back to PS Business Parks (PSB) Tops Q3 EPS by 31c

PS Business Parks, Inc. Reports Results for the Quarter Ended September 30, 2020 and Acquires a 246,000 Square Foot Multi-Tenant Industrial Park Located in Alexandria, Virginia, for $46.3 Million

October 28, 2020 4:34 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the three and nine months ended September 30, 2020 and announced that it acquired a 246,000 square foot multi-tenant industrial park located in Alexandria, Virginia, for $46.3 million.

Operating Results for the Three and Nine Months Ended September 30, 2020

Net income allocable to common shareholders for the three and nine months ended September 30, 2020 was $30.6 million, or $1.11 per diluted common share, and $97.7 million, or $3.55 per diluted common share, respectively. Net operating income (NOI) attributable to the Companys Same... More