This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

PS Business Parks Past Earnings Performance

Past criteria checks 5/6

Key information

28.1%

Earnings growth rate

23.1%

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

PS Business Parks declares $5.25 dividend in connection with pending transaction

Jul 08

PS Business Parks: High Quality Persists, But Shares Are Even More Expensive Than Before

Nov 25

PS Business Parks: Shareholders Rule This Kingdom

Aug 27

The PS Business Parks, Inc. (NYSE:PSB) Analysts Have Been Trimming Their Sales Forecasts

Aug 21

PS Business Parks: Healthy But Pricey

Jun 11

PS Business Parks declares $1.05 dividend

Apr 27

Have Insiders Sold PS Business Parks, Inc. (NYSE:PSB) Shares Recently?

Mar 20

If You Like EPS Growth Then Check Out PS Business Parks (NYSE:PSB) Before It's Too Late

Feb 15

Is PS Business Parks, Inc.'s(NYSE:PSB) Recent Stock Performance Tethered To Its Strong Fundamentals?

Jan 18

A Deep Dive On PS Business Parks

Jan 06

Should You Review Recent Insider Transactions At PS Business Parks, Inc. (NYSE:PSB)?

Dec 21

PS Business Parks (NYSE:PSB) Has Compensated Shareholders With A Respectable 78% Return On Their Investment

Nov 25

PS Business Parks FFO misses by $0.03, beats on revenue

Oct 28

Should Weakness in PS Business Parks, Inc.'s (NYSE:PSB) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

Jul 17

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 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 has a large one-off gain of $459.5M impacting its June 30 2022 financial results.

Growing Profit Margin: PSB'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's earnings have grown significantly by 28.1% per year over the past 5 years.

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

Earnings vs Industry: PSB earnings growth over the past year (257.8%) exceeded the REITs industry 69.5%.

Return on Equity

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

Return on Assets

Return on Capital Employed

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This company has been acquired

PS Business Parks Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Second quarter 2022 earnings: Revenues in line with analyst expectations

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

Full year 2021 earnings: EPS and revenues exceed analyst expectations

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

Second quarter 2021 earnings released: FFO US$2.23 per share (vs US$2.02 in 2Q 2020)

First quarter 2021 earnings released: FFO US$2.13 per share (vs US$2.19 in 1Q 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.

Second quarter 2022 earnings: Revenues in line with analyst expectations

Ps Business Parks, Inc. Proposes Cash Dividend

PS Business Parks declares $5.25 dividend in connection with pending transaction

PS Business Parks Will Disappear, But What With The Preferred Shares?

Upcoming dividend of US$1.05 per share

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 the Company's President

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

Now 21% undervalued after recent price drop

PS Business Parks: Not Any Better An Opportunity

Chairman exercised options to buy US$2.3m worth of stock.

Upcoming dividend of US$1.05 per share

Does PS Business Parks (NYSE:PSB) Deserve A Spot On Your Watchlist?

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.

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

Independent Director exercised options to buy US$2.1m worth of stock.

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

Now 20% undervalued after recent price drop

Independent Director exercised options and sold US$625k worth of stock

Upcoming dividend of US$5.65 per share

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

PS Business Parks: High Quality Persists, But Shares Are Even More Expensive Than Before

Director exercised options and sold US$1.1m worth of stock

Price target increased to US$179

Upcoming dividend of US$1.05 per share

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

PS Business Parks: Shareholders Rule This Kingdom

The PS Business Parks, Inc. (NYSE:PSB) Analysts Have Been Trimming Their Sales Forecasts

Consensus forecasts updated

Second quarter 2021 earnings released: FFO US$2.23 per share (vs US$2.02 in 2Q 2020)

Insider recently sold US$149k worth of stock

Executive VP & COO John Petersen has left the company

PS Business Parks: Healthy But Pricey

Senior VP recently sold US$479k worth of stock

Upcoming dividend of US$1.05 per share

Presiding Independent Director exercised options and sold US$1.2m worth of stock

Director notifies of intention to sell stock

Director recently sold US$935k worth of stock

Director notifies of intention to sell stock

Price target increased to US$146

First quarter 2021 earnings released: FFO US$2.13 per share (vs US$2.19 in 1Q 2020)

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

PS Business Parks declares $1.05 dividend

Independent Director has left the company

Chairman exercised options to buy US$332k worth of stock.

Director notifies of intention to sell stock

Director recently sold US$865k worth of stock

Have Insiders Sold PS Business Parks, Inc. (NYSE:PSB) Shares Recently?

Director notifies of intention to sell stock

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

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

Analysts increase EPS estimates to US$3.36

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

New 90-day high: US$148

Full year 2020 earnings released: EPS US$4.53 (vs US$3.97 in FY 2019)

Revenue and earnings beat expectations

If You Like EPS Growth Then Check Out PS Business Parks (NYSE:PSB) Before It's Too Late

New 90-day high: US$141

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

Is PS Business Parks, Inc.'s(NYSE:PSB) Recent Stock Performance Tethered To Its Strong Fundamentals?

A Deep Dive On PS Business Parks

Should You Review Recent Insider Transactions At PS Business Parks, Inc. (NYSE:PSB)?

Upcoming Dividend of US$1.05 Per Share

PS Business Parks (NYSE:PSB) Has Compensated Shareholders With A Respectable 78% Return On Their Investment

Revenue & Expenses Breakdown
Beta