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PS BUSINESS PARKS, INC.

(PSB)
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PS Business Parks: Q2 Earnings Snapshot

08/03/2021 | 01:27pm EDT

GLENDALE, Calif. (AP) _ PS Business Parks Inc. (PSB) on Tuesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Glendale, California, said it had funds from operations of $61.3 million, or $1.75 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $45.6 million, or $1.65 per share.

The office and industrial space real estate investment trust posted revenue of $109.4 million in the period.

The company's shares have climbed 14% since the beginning of the year. The stock has climbed 10% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSB at https://www.zacks.com/ap/PSB

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

All news about PS BUSINESS PARKS, INC.
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10/07PS BUSINESS PARKS : Names New CFO Effective January
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10/07PS Business Parks, Inc. Announces Executive Changes
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10/07PS Business Parks, Inc. Announces CFO Changes
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Analyst Recommendations on PS BUSINESS PARKS, INC.
More recommendations
Financials (USD)
Sales 2021 392 M - -
Net income 2021 131 M - -
Net cash 2021 140 M - -
P/E ratio 2021 45,4x
Yield 2021 3,12%
Capitalization 4 873 M 4 873 M -
EV / Sales 2021 12,1x
EV / Sales 2022 11,7x
Nbr of Employees 155
Free-Float 72,3%
Chart PS BUSINESS PARKS, INC.
Duration : Period :
PS Business Parks, Inc. Technical Analysis Chart | PSB | US69360J1079 | MarketScreener
Technical analysis trends PS BUSINESS PARKS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 176,93 $
Average target price 164,67 $
Spread / Average Target -6,93%
EPS Revisions
Managers and Directors
Daniel Mac Chandler President, Chief Executive Officer & Director
Jeffrey D. Hedges Chief Financial Officer, Secretary & Executive VP
Ronald L. Havner Chairman
Jennifer Holden Dunbar Independent Director
Gary E. Pruitt Independent Director
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