PS Business Parks

PS Business Parks is a commercial real estate firm providing warehouse, industrial, and office spaces services. The firm acquires, develops, owns, and operates commercial properties, predominantly multi-tenant industrial, industrial-flex, and low-rise suburban office space.

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Wilmington, Delaware--(Newsfile Corp. - April 25, 2022) - Rigrodsky Law, P.A. is investigating PS Business Parks, Inc. ("PSB") (NYSE: PSB) regarding possible breaches of fiduciary duties and other violations of law related to PSB's agreement to be acquired by affiliates of Blackstone Real Estate. Under the terms of the agreement, PSB's shareholders will receive $187.50 in cash for each share of PSB common stock they own.To learn more about this investigation and your rights, visit:...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating PS Business Parks, Inc. Buyout

MILWAUKEE , April 25, 2022 /PRNewswire/ -- Ademi LLP is investigating PS Business Parks (NYSE: PSB) for possible breaches of fiduciary duty and other violations of law in its transaction with Ergon. Click here to learn how to join the action: https://www.ademilaw.com/case/ps-business-parks-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether PS Business Parks, Inc. has obtained a Fair Price in its transaction with Ergon

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 into a definitive agreement to be acquired by Blackstone Real Estate affiliates for $187.50 per.

Why PS Business Parks Stock Is Rising Today

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PS Business Parks, Inc. (NYSE: PSB) to affiliates of Blackstone Real Estate for $187.50 per share in cash is fair to PS Business Parks shareholders. Halper Sadeh encourages PS Business Parks shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The in

PSB Stock Alert: Halper Sadeh LLP is Investigating Whether the Sale of PS Business Parks, Inc. Is Fair to Shareholders

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 will pay $187.50 a share, a premium of 15% over the PB Business Parks volume weighted average share price over the last 60 days.

Blackstone paying $7.6 billion for PS Business Parks

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.

Blackstone to buy REIT PS Business Parks in $7.6 billion deal

Public Storage

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (“Public Storage” or the “Company”) today provided certain updates as to the impact on Public Storage of the agreed acquisition by affiliates of Blackstone Real Estate (“Blackstone”) of PS Business Parks, Inc. (NYSE:PSB) (“PS Business Parks”), which was announced today. Upon consummation of the transaction, Public Storage, like all holders of PS Business Parks' common shares and units, would receive $187.50 in cash per PS Business Par

Public Storage Provides Update in Relation to Agreed Acquisition of PS Business Parks by Affiliates of Blackstone Real Estate

Blackstone Group

GLENDALE, Calif. and NEW YORK--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (“PSB” or the “Company”) and Blackstone (NYSE:BX) today announced that they have entered into a definitive agreement under which affiliates of Blackstone Real Estate (“Blackstone”) will acquire all outstanding shares of common stock of PSB for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion, including transaction expenses. The purchase price represents a premium of approximately

Affiliates of Blackstone Real Estate to Acquire PS Business Parks, Inc. for $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 Monday, May 2, 2022. A conference call is scheduled for Tuesday, May 3, 2022, at 10:00 a.m. PDT (1:00 p.m. EDT) to discuss first-quarter results. The toll-free number is 866-831-8713; the conference ID is PSBQ122. The call will also be available via a live webcast at PS Business Parks Q1 2022 Earnings Call

PS Business Parks, Inc. to Release First-Quarter 2022 Earnings and Host Quarterly Conference Call

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that Stephen W. Wilson has been appointed as the Company's President and Chief Executive Officer, effective immediately. Mr. Wilson has been serving as interim President and Chief Executive Officer since January 17, 2022. Mr. Wilson has been a director of the Company since July 2019 and will continue to serve as a director. Mr. Wilson was Executive Vice President—Development of AvalonBay Communities, Inc. (NYS

PS Business Parks, Inc. Names Stephen W. Wilson as President and Chief Executive Officer

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 (PSB) Closes Royal Tech Business Park Sale

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it has closed on the sale of the remaining 12 buildings in the Royal Tech Business Park, located in Irving, Texas. The gross sales price for the remaining buildings was $93.0 million, with net sales proceeds of approximately $91.9 million after transactions costs. “At 702,000 square feet, this sale represents the final phase in the strategic disposition of the Royal Tech Business Park whic

PS Business Parks, Inc. Announces Disposition of the Royal Tech Business Park

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) today announced that Dan “Mac” Chandler, III, the Company's President and Chief Executive Officer, who has been on medical leave since January 17, 2022, will step down as President and Chief Executive Officer and as a member of the Board of Directors for health reasons, effective March 23, 2022. Stephen W. Wilson, who was appointed interim President and Chief Executive Officer on January 17, 2022, will continue to serve in th

PS Business Parks, Inc. President and CEO Dan “Mac” Chandler, III Steps Down for Health Reasons; Stephen W. Wilson to Continue to Serve as Interim President and Chief Executive Officer

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 FFO Misses, Revenues Beat Estimates

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB), a real estate investment trust (“REIT”), today announced financial and operating results for the quarter and year ended December 31, 2021. Financial and Operational Highlights for the Three Months and Year Ended December 31, 2021 Net income allocable to common stockholders for the three months and year ended December 31, 2021 was $267.4 million, or $9.66 per diluted common share, and $393.1 million, or $14.22 per diluted com

PS Business Parks, Inc. Reports Results for the Quarter and Year Ended December 31, 2021

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February's 5 Dividend Growth Stocks With 4.21%-Plus Yields

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it intends to release its fourth quarter 2021 earnings after the close of business on Tuesday, February 22, 2022. A conference call is scheduled for Wednesday, February 23, 2022, at 10:00 a.m. PST (1:00 p.m. EST) to discuss fourth quarter results. The toll free number is 866-831-8713; the conference ID is PSBQ421. The call will also be available via a live webcast at PS Business Parks Q4 2

PS Business Parks, Inc. to Release Fourth Quarter 2021 Earnings and Host Quarterly Conference Call

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today the tax treatment of the Company's 2021 dividends. For the tax year ended December 31, 2021, the distributions for the common stock and preferred stock were classified as follows: Common Stock – CUSIP Number 69360J 10 7   Form 1099-Div Box: Box 1a Box 1b Box 2a Box 2b Box 2f Box 5 Record Date Payable Date Total Distribution Per Share Total Ordinary Dividends(1) Qualified Dividends(2) Total Capital Gain Distrib

PS Business Parks, Inc. Announces Tax Treatment of 2021 Dividends

AvalonBay Communities

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) today announced the appointments of Stephen W. Wilson as interim President and Chief Executive Officer and Maria R. Hawthorne as interim Chief Operating Officer, effective January 17, 2022. Mr. Wilson has been a director of the Company since 2019 and served as Executive Vice President—Development at AvalonBay Communities, Inc. (NYSE:AVB) prior to his retirement in 2019. Ms. Hawthorne has been a Company director since 2016 and

PS Business Parks, Inc. Names Stephen W. Wilson as Interim President and Chief Executive Officer and Maria R.

STAG Industrial

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The industrial property sector is today firing on all cylinders with rapidly rising rents and new property development opportunities. Unfortunately, this is already reflected in the valuations of most industrial REITs.

Top 3 Industrial REIT Picks For 2022

This industrial and officer property owner capped a run-up year with a healthy bonus dividend.

Why PS Business Parks Soared in 2021

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To reward its shareholders, PS Business Parks' (PSB) board of directors announces a special dividend of $4.60 per share together with the quarterly dividend of $1.05.

PS Business (PSB) Rewards Investors With Special Dividend

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) today announced that its Board of Directors recently declared a one-time dividend of $4.60 per share of common stock, payable on December 30, 2021 to stockholders of record on December 15, 2021. This one-time dividend distribution will be paid in addition to the previously announced quarterly dividend of $1.05 per share of common stock, also payable on December 30, 2021 to stockholders of record on December 15, 2021. “We are

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