PS Business Parks (NYSE:PSB) Announces Quarterly Earnings Results

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

PS Business Parks stock traded up $4.28 during trading hours on Tuesday, hitting $147.67. The stock had a trading volume of 1,578 shares, compared to its average volume of 84,162. The stock has a market capitalization of $4.06 billion, a P/E ratio of 31.51 and a beta of 0.47. PS Business Parks has a 12-month low of $102.48 and a 12-month high of $167.50. The stock’s 50-day moving average price is $137.94 and its 200-day moving average price is $130.51.

PS Business Parks Company Profile

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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