PSB News and Press, PS Business Parks Inc. From 10/19/21

PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it has closed on the previously announced sale of its Lusk Business Park, located in the Sorrento Mesa submarket of San Diego, California, to an affiliate of Longfellow Real Estate Partners (the ȁ...

Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month. REITs enter third-quarter earnings season as the second-best-performing asset class this year with total...

PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it intends to release its third quarter 2021 earnings after the close of business on Thursday, October 28, 2021. A conference call is scheduled for Friday, October 29, 2021, at 10:00 a.m. PDT (1:00...

U.S. equity markets bounced back following the worst week since February as relief over a last-minute compromise to raise the debt ceiling offset disappointment over another weaker-than-expected employment report. After flirting with "correction territory" earlier in the week, the S&a...

PS Business Parks, Inc. (NYSE:PSB) announced today that Adeel Khan has been appointed as the Company’s Executive Vice President, Chief Financial Officer and Corporate Secretary, effective January 10, 2022. Jeffrey D. Hedges will continue to serve as the Company’s Executive...

PS Business Parks, Inc. (NYSE:PSB; the “Company”) has entered into a Purchase and Sale Agreement (the “Agreement”) by and between the Company and an affiliate of Longfellow Real Estate Partners (the “Buyer”). The Agreement provides that, upon th...

PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that its Board of Directors elected M. Christian Mitchell to the Board of Directors effective October 4, 2021. Mr. Mitchell, 66, serves as a Managing Partner of THG Advisory Services, LLC, an alternativ...

PS Business Parks, Inc. (NYSE:PSB) announced today that it is calling for redemption of all outstanding depositary shares representing interests in its 5.20% Cumulative Preferred Stock, Series W (NYSE:PSBPrW) on November 3, 2021, at $25 per share plus accrued dividends from October 1, 2...

Market volatility is on the rise and now is a good time buy blue chips. Unfortatunely, most blue chips are today priced at expensive valuations and low dividend yields. A few exceptions remain in covid-affected sectors. We highlight two of them that we expect to soar as they recov...

BDCs continue to easily outperform with only a handful of REITs providing investors with annualized returns of over 10% since 2019. Most mortgage REITs and many of the equity REITs have had negative stock price performance over the last 21 months. For the same amount of income wit...