PS Business Parks Inc Stock News

The REIT got an offer from Blackstone and took it, and investors reacted just like you would expect.

Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive in t

PS Business Parks Inc (NYSE: PSB) shares are trading higher Monday after the company announced it will be acquired by affiliates of Blackstone Real Estate for $7.6 billion. PS Business Parks entered

PS Business Parks Inc. PDB, shares jumped 11% in premarket trades on Monday after it agreed to be acquired by Blackstone Inc.'s BX, -1.80% real estate unit in a deal valued at $7.6 billion. Blackstone

Blackstone Inc, the world's biggest alternative asset manager, has agreed to buy real estate investment trust PS Business Parks in a deal valued at $7.6 billion.

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it intends to release its first-quarter 2022 earnings after the close of business on Mond

PS Business Parks, Inc.'s (PSB) latest disposition effort comes as part of the company's focused strategy to decrease its ownership of office and office-oriented flex properties.

PS Business Parks, Inc.'s (PSB) latest disposition effort comes as part of the company's focused strategy to decrease its ownership of office and office-oriented flex properties.

Hercules Capital is currently yielding 11.2%. I recently updated projections for HTGC following guidance from management. Click here to read more.

Public Storage with ticker code (PSA) have now 14 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 444 and 357 calculating the average target price we see 391.21. Now with the previous closing price of 372.96 this is indicating there is a potential upside of 4.9%. There is a 50 day moving average of 359.95 and the 200 day moving average is 326.29. The market capitalisation for the company is $66,212m. Visit the company website at: https://www.publicstorage.com [stock_market_widget type="chart" template="basic" color="green" assets=PSA" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $69,452m based on the market concensus. Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020.

PS Business Parks (PSB) Interim CEO Stephen Wilson on Q4 2021 Results - Earnings Call Transcript

PS Business Parks' (PSB) Q4 results reflect top-line growth on the back of rental rate increases and occupancy gains. This was partly offset by a rise in adjusted cost of operations.

PS Business Parks' (PSB) Q4 results reflect top-line growth on the back of rental rate increases and occupancy gains. This was partly offset by a rise in adjusted cost of operations.