PS Business Parks (PSB) Tops Q1 EPS by 21c, Revenues Beat

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Go back to PS Business Parks (PSB) Tops Q1 EPS by 21c, Revenues Beat

PS Business Parks, Inc. Reports Results for the Quarter Ended March 31, 2021

April 27, 2021 4:45 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- PS Business Parks, Inc. (NYSE: PSB) reported operating results for the three months ended March 31, 2021.

Operating Results for the Three Months Ended March 31, 2021

Net income allocable to common shareholders for the three months ended March 31, 2021 was $27.9 million, or $1.01 per diluted common share. Net operating income (NOI) attributable to the Companys Same Park portfolio (defined below) was $70.3 million for the three months ended March 31, 2021, representing a decrease of 0.6% over the same period in 2020.

The Company also reports NOI, a measure that is... More