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

PS Business Parks (NYSE:PSB) announced its earnings results on Sunday. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, beating 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%.

Shares of PS Business Parks stock traded up $3.24 on Tuesday, hitting $146.63. 1,383 shares of the company’s stock 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 company has a 50-day simple moving average of $137.94 and a 200-day simple moving average of $130.51. The stock has a market capitalization of $4.03 billion, a PE ratio of 31.51 and a beta of 0.47.

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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