PS Business Parks Past Earnings Performance

Past criteria checks 5/6

PS Business Parks has been growing earnings at an average annual rate of 28.1%, while the REITs industry saw earnings growing at 18.3% annually. Revenues have been growing at an average rate of 1.9% per year. PS Business Parks's return on equity is 30.5%, and it has net margins of 105.3%.

Key information

28.1%

Earnings growth rate

27.8%

EPS growth rate

REITs Industry Growth	19.4%
Revenue growth rate	1.9%
Return on equity	30.5%
Net Margin	105.3%
Last Earnings Update	30 Jun 2022

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How PS Business Parks makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:PSB.PRX Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 22	445	469	32
31 Mar 22	443	437	26
31 Dec 21	439	393	19
30 Sep 21	433	153	17
30 Jun 21	426	131	17
31 Mar 21	417	111	16
31 Dec 20	416	125	15
30 Sep 20	417	125	15
30 Jun 20	421	121	14
31 Mar 20	428	124	14
31 Dec 19	430	109	14
30 Sep 19	428	113	14
30 Jun 19	424	112	12
31 Mar 19	418	153	12
31 Dec 18	414	173	12
30 Sep 18	411	163	11
30 Jun 18	407	156	10
31 Mar 18	405	110	10
31 Dec 17	401	90	13
30 Sep 17	397	82	8
30 Jun 17	394	84	9
31 Mar 17	391	75	12
31 Dec 16	387	63	15
30 Sep 16	384	65	15
30 Jun 16	380	68	16
31 Mar 16	377	63	14
31 Dec 15	373	68	14
30 Sep 15	370	136	15

Quality Earnings: PSB.PRX has a large one-off gain of $459.5M impacting its last 12 months of financial results to 30th June, 2022.

Growing Profit Margin: PSB.PRX's current net profit margins are higher than last year (30.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PSB.PRX's earnings have grown significantly by 28.1% per year over the past 5 years.

Accelerating Growth: PSB.PRX's earnings growth over the past year (257.8%) exceeds its 5-year average (28.1% per year).

Earnings vs Industry: PSB.PRX earnings growth over the past year (257.8%) exceeded the REITs industry 37.9%.

Return on Equity

High ROE: PSB.PRX's Return on Equity (30.5%) is considered high.

Return on Assets

Return on Capital Employed

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PS Business Parks Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

PS Business Parks, Inc. to Report Q1, 2022 Results on May 02, 2022

PS Business Parks, Inc. to Report Q4, 2021 Results on Feb 22, 2022

PS Business Parks, Inc. to Report Q4, 2020 Results on Feb 22, 2021

PS Business Parks, Inc. to Report Q3, 2020 Results on Oct 28, 2020

PS Business Parks, Inc. to Report Q2, 2020 Results on Aug 04, 2020

Recent updates

Blackstone Real Estate Partners IX L.P., managed by Blackstone Real Estate Advisors completed the acquisition of PS Business Parks, Inc. (NYSE:PSB) from Public Storage (NYSE:PSA) and others.

Ps Business Parks, Inc. Proposes Cash Dividend

PS Business Parks, Inc. Announces Quarterly Dividend, Payable on June 30, 2022

Blackstone Real Estate Partners IX L.P., a fund managed by Blackstone Real Estate Advisors entered into a definitive agreement to acquire PS Business Parks, Inc. (NYSE:PSB) from Public Storage (NYSE:PSA) and others for $6.6 billion.

PS Business Parks, Inc. to Report Q1, 2022 Results on May 02, 2022

PS Business Parks, Inc. Appoints Stephen W. Wilson as Chief Executive Officer

An unknown buyer acquired 12 buildings in the Royal Tech Business Park in Irving from PS Business Parks, Inc. for $93 million.

An unkown buyer acquired Royal Tech 10, 70,000 square foot industrial-flex building located in Irving, Texas from PS Business Parks, Inc. (NYSE:PSB) for $8.8 million.

PS Business Parks, Inc. to Report Q4, 2021 Results on Feb 22, 2022

PS Business Parks, Inc. Announces Special Dividend to Be Paid in the Fourth Quarter 2021, Payable on December 30, 2021

PS Business Parks, Inc acquired Port America in Texas for approximately $120 million.

PS Business Parks, Inc. Declares Quarterly Dividend, Payable on June 30, 2021

PS Business Parks, Inc. Announces Retirement of James H. Kropp from the Board

PS Business Parks, Inc., Annual General Meeting, Apr 20, 2021

PS Business Parks, Inc. Announces Executive Changes, Effective April 5, 2021

PS Business Parks, Inc. to Report Q4, 2020 Results on Feb 22, 2021

PS Business Parks, Inc. (NYSE:PSB) acquired Pickett Industrial Park in Alexandria, Virginia for $46.3 million.

PS Business Parks, Inc. to Report Q3, 2020 Results on Oct 28, 2020

PS Business Parks, Inc. Announces Maria R. Hawthorne to Retire as Chief Executive Officer

PS Business Parks, Inc. to Report Q2, 2020 Results on Aug 04, 2020

Revenue & Expenses Breakdown
Beta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

Discover strong past performing companies

PS Business Parks Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

PS Business Parks, Inc. to Report Q1, 2022 Results on May 02, 2022

PS Business Parks, Inc. to Report Q4, 2021 Results on Feb 22, 2022

PS Business Parks, Inc. to Report Q4, 2020 Results on Feb 22, 2021

PS Business Parks, Inc. to Report Q3, 2020 Results on Oct 28, 2020

PS Business Parks, Inc. to Report Q2, 2020 Results on Aug 04, 2020

Recent updates

Blackstone Real Estate Partners IX L.P., managed by Blackstone Real Estate Advisors completed the acquisition of PS Business Parks, Inc. (NYSE:PSB) from Public Storage (NYSE:PSA) and others.

Ps Business Parks, Inc. Proposes Cash Dividend

PS Business Parks, Inc. Announces Quarterly Dividend, Payable on June 30, 2022

Blackstone Real Estate Partners IX L.P., a fund managed by Blackstone Real Estate Advisors entered into a definitive agreement to acquire PS Business Parks, Inc. (NYSE:PSB) from Public Storage (NYSE:PSA) and others for $6.6 billion.

PS Business Parks, Inc. to Report Q1, 2022 Results on May 02, 2022

PS Business Parks, Inc. Appoints Stephen W. Wilson as Chief Executive Officer

An unknown buyer acquired 12 buildings in the Royal Tech Business Park in Irving from PS Business Parks, Inc. for $93 million.

An unkown buyer acquired Royal Tech 10, 70,000 square foot industrial-flex building located in Irving, Texas from PS Business Parks, Inc. (NYSE:PSB) for $8.8 million.

PS Business Parks, Inc. to Report Q4, 2021 Results on Feb 22, 2022

PS Business Parks, Inc. Announces Special Dividend to Be Paid in the Fourth Quarter 2021, Payable on December 30, 2021

PS Business Parks, Inc acquired Port America in Texas for approximately $120 million.

PS Business Parks, Inc. Declares Quarterly Dividend, Payable on June 30, 2021

PS Business Parks, Inc. Announces Retirement of James H. Kropp from the Board

PS Business Parks, Inc., Annual General Meeting, Apr 20, 2021

PS Business Parks, Inc. Announces Executive Changes, Effective April 5, 2021

PS Business Parks, Inc. to Report Q4, 2020 Results on Feb 22, 2021

PS Business Parks, Inc. (NYSE:PSB) acquired Pickett Industrial Park in Alexandria, Virginia for $46.3 million.

PS Business Parks, Inc. to Report Q3, 2020 Results on Oct 28, 2020

PS Business Parks, Inc. Announces Maria R. Hawthorne to Retire as Chief Executive Officer

PS Business Parks, Inc. to Report Q2, 2020 Results on Aug 04, 2020

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Revenue & Expenses Breakdown
Beta