PSB News Alert Business Parks (PSB) 81.98 02/14/2015 07:40:2

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Business Parks (PSB) 81.98 $PSB

PS Business Parks, Inc. to Release Fourth Quarter 2014 Earnings and Host Quarterly Conference Call
Business Wire - Thu Jan 29, 4:04PM CST
PS Business Parks, Inc. (NYSE SB) announced today that it intends to release its fourth quarter 2014 earnings after the close of business on Tuesday, February 17, 2015.
PSB: 81.98 (-0.41)

Public Storage to Release Fourth Quarter 2014 Earnings Results and Host Quarterly Conference Call
Business Wire - Thu Jan 22, 4:03PM CST
Public Storage (NYSE SA) announced today it intends to release its fourth quarter 2014 earnings results on Thursday, February 19, 2015. A conference call is scheduled for Friday, February 20, 2015, at 9:00 a.m. (PST) to discuss these results.
PSA: 202.61 (-1.18), PSB: 81.98 (-0.41)

PS Business Parks, Inc. Announces Tax Treatment of 2014 Dividends
Business Wire - Fri Jan 16, 5:15PM CST
PS Business Parks, Inc. (NYSE SB) announced today the tax treatment of the Company's 2014 dividends. For the tax year ended December 31, 2014, distributions for the common stock and all the various series of preferred stock were classified as follows:
PSB: 81.98 (-0.41)

Public Storage Announces Tax Treatment of 2014 Dividends
Business Wire - Fri Jan 16, 5:13PM CST
Public Storage (NYSE SA) announced today the tax treatment of the Company's 2014 dividends. For the tax year ended December 31, 2014, distributions for the PSA common stock and all the various series of preferred stock were classified as follows:
PSA: 202.61 (-1.18), PSB: 81.98 (-0.41)

Upgrade Alert for PS Business Parks (PSB)
Comtex SmarTrend(R) - Thu Jan 15, 8:07AM CST
PS Business Parks (AMEX SB) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $82.49 on volume of 77,000 shares, below average daily volume of 118,000. PS Business Parks (AMEX SB) has potential upside of 3.0% based on a current price of $82.49 and analysts' consensus price target of $85.00. PS Business Parks shares have support at the 200-day moving average (MA) of $82.06 and additional support at the 50-day MA of $81.03.
PSB: 81.98 (-0.41)

Public Storage Hires New Chief Legal Officer
Business Wire - Thu Jan 08, 4:04PM CST
Public Storage (NYSE SA) announced today that Lily Yan Hughes has joined Public Storage as Senior Vice President, Chief Legal Officer and Corporate Secretary.
PSA: 202.61 (-1.18), PSB: 81.98 (-0.41)

PS Business Parks Buys 119K Sq Ft Flex Park in San Jose - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 31, 11:05AM CST
PS Business Parks (PSB) disclosed the acquisition of 119,000 square foot Flex Park in San Jose, CA, for $16 million, which enhanced its presence in the vibrant Bay Area.
HST: 23.62 (-0.08), PSA: 202.61 (-1.18), PSB: 81.98 (-0.41), PLD: 43.81 (-0.96)

PS Business Parks announces acquisition of flex park for USD16.0m in California
M2 - Wed Dec 31, 3:05AM CST
Real estate investment trust, PS Business Parks Inc (NYSE SB) revealed on Wednesday that it has acquired Orchard Business Park in San Jose, California, for USD16.0m.
PSB: 81.98 (-0.41)

PS Business Parks, Inc. Acquires 119,000 Square Foot Multi-Tenant Flex Park in San Jose, California
Business Wire - Tue Dec 30, 4:35PM CST
PS Business Parks, Inc. (NYSE SB) announced that on December 30, 2014, it acquired Orchard Business Park, an eight-building, 119,000 square foot multi-tenant flex park in San Jose, California, for $16.0 million. The park, which is 96.7% occupied, is contiguous to the Company's existing 164,000 square foot Charcot Business Park, which is 100.0% occupied. Orchard Business Park has 54 tenants with an average size of 2,100 square feet. The acquisition increases the Company's presence in the Bay Area to 7.2 million square feet, comprised of 30 business parks located throughout the East Bay, Mid-Peninsula and Silicon Valley markets, which is currently 95.8% leased.
PSB: 81.98 (-0.41)

PS Business Parks (PSB) Sells 3 Arizona Parks for $52M - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Nov 25, 5:56PM CST
PS Business Parks (PSB) announced the vending of three business parks in Phoenix, AZ.
FR: 21.57 (-0.13), CXW: 39.92 (+0.72), CUZ: 11.26 (+0.25), PSB: 81.98 (-0.41)

PS Business Parks, Inc. Announces Sale of Arizona Assets
Business Wire - Fri Nov 21, 4:09PM CST
PS Business Parks, Inc. (NYSE SB) announced that on November 21, 2014, it completed the sale of three business parks located in Phoenix, Arizona. The parks consist of 42 buildings comprising approximately 656,000 square feet. Occupancy at the date of sale was 86.8%. Net proceeds from the sale, after transaction costs, were approximately $52.2 million. The Company has one remaining 23,000 square foot asset in Tempe, Arizona, which is under contract to sell.
PSB: 81.98 (-0.41)

Public Storage Announces Pricing of 5.875% Cumulative Preferred Shares of Beneficial Interest, Series A
Business Wire - Thu Nov 20, 4:04PM CST
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE SA), announced that the Company has priced a public offering of 7,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 5.875% Cumulative Preferred Share of Beneficial Interest, Series A. The offering is expected to result in $175 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about December 2, 2014. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities, and for general corporate purposes.
PSA: 202.61 (-1.18), PSB: 81.98 (-0.41), WFC: 55.33 (+0.47), MS: 36.78 (-0.12)

PS Business Parks announces acquisition of industrial building in Austin for USD10.6m
M2 - Wed Nov 05, 5:10AM CST
Real estate investment trust PS Business Parks Inc (NYSE SB) has acquired a multi-tenant industrial building with an area of 246,000 sq ft in Austin, Texas, for USD10.6m, it disclosed on Wednesday.
PSB: 81.98 (-0.41)

PS Business Parks, Inc. Acquires a 246,000 Square Foot Multi-Tenant Industrial Building in Austin, Texas
Business Wire - Tue Nov 04, 4:07PM CST
PS Business Parks, Inc. (NYSE SB) announced that on November 3, 2014, it acquired a 246,000 square foot multi-tenant industrial building in Austin, Texas, for $10.6 million. The building, which is 53.3% occupied, is contiguous to the Company's existing 279,000 square foot McNeil Business Park which is 100% occupied. The addition of this building increases the Company's presence in Austin, Texas, to 2.0 million square feet.
PSB: 81.98 (-0.41)

Public Storage Reports Results for the Quarter Ended September 30, 2014
Business Wire - Thu Oct 30, 4:39PM CDT
Public Storage (NYSE SA) announced today operating results for the quarter ended September 30, 2014.
PSA: 202.61 (-1.18), PSB: 81.98 (-0.41)

PS Business Parks' (PSB) CEO Discusses Q3 2014 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Tue Oct 28, 2:50PM CDT

PSB: 81.98 (-0.41)

PS Business Parks Announces In-Line Q3 FFO, Special Dividend - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Oct 28, 9:49AM CDT
PS Business Parks Inc.'s (PSB) third-quarter 2014 FFO per share of $1.20 came in line with both the Zacks Consensus Estimate as well as the year-ago quarter figure.
HST: 23.62 (-0.08), CUZ: 11.26 (+0.25), PSB: 81.98 (-0.41), HIW: 46.66 (-0.68)

PS Business Parks reports 3Q results
Automated Insights - Mon Oct 27, 6:03PM CDT
GLENDALE, Calif. (AP) _ PS Business Parks Inc. (PSB) on Monday reported a key measure of profitability in its third quarter.
PSB: 81.98 (-0.41)

PS Business Parks beats by $0.06, misses on revenue
Seeking Alpha - at Seeking Alpha - Mon Oct 27, 5:43PM CDT

PSB: 81.98 (-0.41)

PS Business Parks declares $0.50 dividend
Seeking Alpha - at Seeking Alpha - Mon Oct 27, 5:35PM CDT

PSB: 81.98 (-0.41)




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