PS Business Parks (NYSE:PSB) Releases Earnings Results, Beats Expectations By $0.24 EPS

PS Business Parks (NYSE:PSB) posted its quarterly earnings data on Sunday. The real estate investment trust reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.24, MarketWatch Earnings reports. PS Business Parks had a return on equity of 18.36% and a net margin of 45.25%.

Shares of PS Business Parks stock traded up $3.90 during trading hours on Tuesday, reaching $147.29. 1,778 shares of the company were exchanged, compared to its average volume of 84,162. PS Business Parks has a 1 year low of $102.48 and a 1 year high of $167.50. The stock’s fifty day moving average is $137.94 and its 200 day moving average is $130.51. The firm has a market cap of $4.05 billion, a PE ratio of 31.51 and a beta of 0.47.

About PS Business Parks

PS Business Parks, Inc, a member of the S&P MidCap 400, is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. As of September 30, 2020, the Company wholly owned 27.5 million rentable square feet with approximately 5,000 commercial customers in six states.

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Earnings History for PS Business Parks (NYSE:PSB)

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