Latest Business Parks (PSB) Headlines
Public Storage Announces Pricing of 6.375% Cumulative Preferred Shares of Beneficial Interest, Series Y
Business Wire - Mon Mar 10, 4:46PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE
SA), announced that the Company has priced a public offering of 9,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y. The offering is expected to result in $225 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about March 17, 2014. The Company expects to use the net proceeds to repay a portion of the outstanding indebtedness under its term loan.
PS Business Parks Hits New High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 06, 12:44PM CST
Shares of PS Business Parks hit a new 52-week high, touching $86.95 toward the end of the trading session on Mar 5, 2014.
Public Storage Boasts Solid Fundamentals, Healthy Yield
at Investor's Business Daily - Fri Feb 28, 4:35PM CST
S&P 500 component Public Storage (PSA) is gaining ground -- in more ways than one. At the end of 2013, the real estate investment trust (REIT) had interests in 2,200 self-storage facilities in 38 states with approximately 141 million net rentable...
PS Business Parks, Inc. to Present at the Citi 2014 Global Property CEO Conference
Business Wire - Wed Feb 26, 4:04PM CST
PS Business Parks, Inc. (NYSESB) announced that Joseph D. Russell, Jr., President and Chief Executive Officer, is scheduled to make a presentation at the Citi 2014 Global Property CEO Conference at The Westin Diplomat in Hollywood, Florida, on Tuesday, March 4, 2014, from 2:15 p.m. to 2:50 p.m. (EST). The presentation will be webcast through the Company's website at www.psbusinessparks.com.
Public Storage Q4 FFO Beats Estimates - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 21, 10:10AM CST
Public Storage reported core FFO of $2.08 per share, beating the Zacks Consensus Estimate of $2.02 per share by 3.0%.
Host Hotels Tops Q4 FFO, Ups Dividend - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 19, 10:10AM CST
Host Hotels disclosed fourth-quarter 2013 adjusted FFO per share of 33 cents, exceeding the Zacks Consensus Estimate by 2 cents and year-ago figure by 3 cents.
PS Business Parks' FFO Beats, Hikes Dividend - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 19, 10:10AM CST
Real estate investment trust (REIT) PS Business Parks Inc.'s fourth-quarter 2013 adjusted FFO (fund from operations) per share came in at $1.26, beating the Zacks Consensus Estimate of $1.20
Denmark, World Leader in Health IT, Tests New Systems with US Companies
Business Wire - Wed Feb 19, 9:00AM CST
Keeping health care expenditure down in times with a growing aging population and an increase in chronic diseases is a universal challenge, but Denmark has managed to do that. While US healthcare spends 17.9% of the GDP on average, Denmark has kept its cost at 10.5% of GDP. This is in large part due to an expansion of health IT solutions throughout the sector.
PS Business Parks reports 124% higher net income for FY 2013 over 2012 and 13.6% higher quarterly dividend
M2 - Wed Feb 19, 4:44AM CST
Real estate investment trust PS Business Parks Inc (NYSESB) reported on Tuesday a net income of USD43.9m or USD1.77 per share for the fiscal year ended 31 December 2013, up USD24.0m or 121.4% from the net income of USD19.8m or USD0.81 per share in the previous fiscal year 2012.
PS Business Parks, Inc. Reports Results for the Fourth Quarter Ended December 31, 2013 and Increases Quarterly Common Dividend by 13.6% to $0.50 Per Share
Business Wire - Tue Feb 18, 5:39PM CST
PS Business Parks, Inc. (NYSESB) reported operating results for the fourth quarter ended December 31, 2013.
Higher Revenues Drive Cousins' Q4 FFO - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 14, 10:00AM CST
Cousins Properties reported a positive earnings surprise of 12.5% in fourth-quarter 2013, thanks to a more than a double raise in total revenues in the quarter.
Vornado Discloses Q4 Impairments from Toys "R" Us - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 12, 5:10PM CST
Vornado disclosed that its fourth-quarter 2013 results will bear the impact of non-cash impairment of $162.2 million or 82 cents per share from its investment in Toys "R" Us.
Prologis Inks Lease Deal in Mexico - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Feb 11, 5:10PM CST
Prologis disclosed the penning of two development lease deals for a total space of 406,000 square feet at Prologis Park Tres Rios in Mexico City.
Highwoods Q4 FFO Beats; Revs in Line - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Feb 11, 9:40AM CST
Highwoods declared fourth-quarter 2013 FFO of 74 cents per share, beating the Zacks Consensus Estimate by a cent and the prior-year quarter figure by 7 cents.
Liberty Property Closes Remaining Assets Sale - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Feb 03, 5:50PM CST
As part of its previously announced transaction comprising sale of 97 properties, Liberty Property completed the divestiture of 48 properties.
Duke Realty Tops Q4 FFO & Revs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 30, 11:10AM CST
Duke Realty reported a positive earnings surprise of 7.4% in the fourth-quarter 2013 aided by improved revenues.
Prologis a Penny Ahead, Outlook In Line - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 30, 10:51AM CST
Prologis Inc.'s core FFO per share of 43 cents in the fourth quarter 2013 was a penny ahead of both the Zacks Consensus Estimate and the year ago quarter figure.
Boston Properties FFO Beats on Higher Revs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jan 29, 8:30AM CST
Boston Properties' fourth-quarter 2013 FFO per share exceeded both the Zacks Consensus Estimate and the year-ago quarter figure aided by higher revenues.
Whitestone Updates Q4 Leasing Details - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 23, 11:40AM CST
Whitestone provided an update on its leasing and occupancy details for fourth-quarter 2013 and full-year 2013.
Neutral on Cousins Properties - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jan 20, 1:40PM CST
On Jan 17, 2014, we reinstated our long-term recommendation on Cousins Properties at Neutral.
Public Storage Announces Pricing of 6.375% Cumulative Preferred Shares of Beneficial Interest, Series Y
Business Wire - Mon Mar 10, 4:46PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE
SA), announced that the Company has priced a public offering of 9,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y. The offering is expected to result in $225 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about March 17, 2014. The Company expects to use the net proceeds to repay a portion of the outstanding indebtedness under its term loan. PS Business Parks Hits New High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 06, 12:44PM CST
Shares of PS Business Parks hit a new 52-week high, touching $86.95 toward the end of the trading session on Mar 5, 2014.
Public Storage Boasts Solid Fundamentals, Healthy Yield
at Investor's Business Daily - Fri Feb 28, 4:35PM CST
S&P 500 component Public Storage (PSA) is gaining ground -- in more ways than one. At the end of 2013, the real estate investment trust (REIT) had interests in 2,200 self-storage facilities in 38 states with approximately 141 million net rentable...
PS Business Parks, Inc. to Present at the Citi 2014 Global Property CEO Conference
Business Wire - Wed Feb 26, 4:04PM CST
PS Business Parks, Inc. (NYSE
SB) announced that Joseph D. Russell, Jr., President and Chief Executive Officer, is scheduled to make a presentation at the Citi 2014 Global Property CEO Conference at The Westin Diplomat in Hollywood, Florida, on Tuesday, March 4, 2014, from 2:15 p.m. to 2:50 p.m. (EST). The presentation will be webcast through the Company's website at www.psbusinessparks.com. Public Storage Q4 FFO Beats Estimates - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 21, 10:10AM CST
Public Storage reported core FFO of $2.08 per share, beating the Zacks Consensus Estimate of $2.02 per share by 3.0%.
Host Hotels Tops Q4 FFO, Ups Dividend - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 19, 10:10AM CST
Host Hotels disclosed fourth-quarter 2013 adjusted FFO per share of 33 cents, exceeding the Zacks Consensus Estimate by 2 cents and year-ago figure by 3 cents.
PS Business Parks' FFO Beats, Hikes Dividend - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 19, 10:10AM CST
Real estate investment trust (REIT) PS Business Parks Inc.'s fourth-quarter 2013 adjusted FFO (fund from operations) per share came in at $1.26, beating the Zacks Consensus Estimate of $1.20
Denmark, World Leader in Health IT, Tests New Systems with US Companies
Business Wire - Wed Feb 19, 9:00AM CST
Keeping health care expenditure down in times with a growing aging population and an increase in chronic diseases is a universal challenge, but Denmark has managed to do that. While US healthcare spends 17.9% of the GDP on average, Denmark has kept its cost at 10.5% of GDP. This is in large part due to an expansion of health IT solutions throughout the sector.
PS Business Parks reports 124% higher net income for FY 2013 over 2012 and 13.6% higher quarterly dividend
M2 - Wed Feb 19, 4:44AM CST
Real estate investment trust PS Business Parks Inc (NYSE
SB) reported on Tuesday a net income of USD43.9m or USD1.77 per share for the fiscal year ended 31 December 2013, up USD24.0m or 121.4% from the net income of USD19.8m or USD0.81 per share in the previous fiscal year 2012. PS Business Parks, Inc. Reports Results for the Fourth Quarter Ended December 31, 2013 and Increases Quarterly Common Dividend by 13.6% to $0.50 Per Share
Business Wire - Tue Feb 18, 5:39PM CST
PS Business Parks, Inc. (NYSE
SB) reported operating results for the fourth quarter ended December 31, 2013. Higher Revenues Drive Cousins' Q4 FFO - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 14, 10:00AM CST
Cousins Properties reported a positive earnings surprise of 12.5% in fourth-quarter 2013, thanks to a more than a double raise in total revenues in the quarter.
Vornado Discloses Q4 Impairments from Toys "R" Us - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 12, 5:10PM CST
Vornado disclosed that its fourth-quarter 2013 results will bear the impact of non-cash impairment of $162.2 million or 82 cents per share from its investment in Toys "R" Us.
Prologis Inks Lease Deal in Mexico - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Feb 11, 5:10PM CST
Prologis disclosed the penning of two development lease deals for a total space of 406,000 square feet at Prologis Park Tres Rios in Mexico City.
Highwoods Q4 FFO Beats; Revs in Line - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Feb 11, 9:40AM CST
Highwoods declared fourth-quarter 2013 FFO of 74 cents per share, beating the Zacks Consensus Estimate by a cent and the prior-year quarter figure by 7 cents.
Liberty Property Closes Remaining Assets Sale - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Feb 03, 5:50PM CST
As part of its previously announced transaction comprising sale of 97 properties, Liberty Property completed the divestiture of 48 properties.
Duke Realty Tops Q4 FFO & Revs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 30, 11:10AM CST
Duke Realty reported a positive earnings surprise of 7.4% in the fourth-quarter 2013 aided by improved revenues.
Prologis a Penny Ahead, Outlook In Line - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 30, 10:51AM CST
Prologis Inc.'s core FFO per share of 43 cents in the fourth quarter 2013 was a penny ahead of both the Zacks Consensus Estimate and the year ago quarter figure.
Boston Properties FFO Beats on Higher Revs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jan 29, 8:30AM CST
Boston Properties' fourth-quarter 2013 FFO per share exceeded both the Zacks Consensus Estimate and the year-ago quarter figure aided by higher revenues.
Whitestone Updates Q4 Leasing Details - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 23, 11:40AM CST
Whitestone provided an update on its leasing and occupancy details for fourth-quarter 2013 and full-year 2013.
Neutral on Cousins Properties - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jan 20, 1:40PM CST
On Jan 17, 2014, we reinstated our long-term recommendation on Cousins Properties at Neutral.
