PS BUSINESS PARKS, INC./MD

PSB

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Identification

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Ticker
PSB
CIK0000866368
SIC6798
SectorFinance, Insurance, And Real Estate
Industry CategoryTrading
Industry GroupREIT

Contact

Address701 WESTERN AVE, GLENDALE, CA, 91201
Website psbusinessparks.com
Phone(818) 244-8080
CEOStephen W. Wilson
Employees160

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Standardized Financials

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Intrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals.

For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards.

Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics:

Income Statement
Revenue$447.22 million
Pre-Tax Income$548.13 million
Net Income$644.14 million
Net Income to Common$468.68 million
EPS$16.94
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Balance Sheet
Cash$51.61 million
Assets$6.01 billion
Liabilities$4.17 billion
Common Equity$1.66 billion
Liabilities & Equity$6.01 billion
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Cash Flow Statement
Calculations
NOPAT$548.13 million
EBITDA$283.58 million
Price to Earnings$11.09
Price to Book$4.83
ROEN/A
View All

Latest News

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Intrinio provides up-to-date news articles on every US company from various sources. Here are several examples:

PS Business Parks, Inc. Stockholders Approve Acquisition by Affiliates of Blackstone Real Estate

GLENDALE, Calif., July 15, 2022--PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced that, at a Special Meeting of Stockholders held earlier today, PSB stockholders voted to approve the acquisition of PSB by affiliates of Blackstone Real Estate ("Blackstone").

Article Link

Healthcare Trust of America & Coca-Cola Consolidated Set to Join S&P MidCap 400; Green Brick Partners to Join S&P SmallCap 600

S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:

Article Link

PS Business Parks, Inc. Announces Anticipated Closing Date of Pending Transaction; Declares Dividends in Connection with Pending Transaction

GLENDALE, Calif., July 08, 2022--PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced today that it expects to complete its previously announced transaction (the "Transaction") with affiliates of Blackstone Real Estate ("Blackstone") on or around July 20, 2022 following the special meeting of PSB’s common stockholders on July 15, 2022. The completion of the Transaction remains subject to approval by PSB’s common stockholders and other customary closing conditions.

Article Link

PS Business Parks, Inc. Announces Expiration of "Go-Shop" Period Contained In Previously Announced Merger Agreement

GLENDALE, Calif., May 27, 2022--PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced today the expiration of the "go-shop" period set forth in the previously announced definitive merger agreement with affiliates of Blackstone Real Estate ("Blackstone"), dated as of April 24, 2022 (the "merger agreement"). Under the terms of the merger agreement, Blackstone has agreed to acquire all the outstanding shares of the Company’s common stock for $187.50 per share in an all-cash transact

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PS Business Parks (PSB) Q1 FFO Lags Estimates, Revenues Up Y/Y

PS Business Parks' (PSB) quarterly results reflect higher same-park cash net operating income (NOI) backed by increase in weighted average occupancy.

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