PS Business Parks, Inc. (PSB) News
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PSB News Highlights
- PSB's 30 day story count now stands at 3.
- Over the past 5 days, the trend for PSB's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
Latest PSB News From Around the Web
Below are the latest news stories about Ps Business Parks Inc that investors may wish to consider to help them evaluate PSB as an investment opportunity.
PS Business Parks' (PSB) diversified portfolio, capital recycling moves and balance-sheet strength poise it well to withstand cash flow woes and seize accretive growth scopes despite rising supply.
The Port America buyout can fortify PS Business Parks' (PSB) presence in Texas and poise it well to bank on improving fundamentals of the industrial real estate market.
GLENDALE, Calif., September 01, 2021--PS Business Parks, Inc. (NYSE:PSB) announced today that it has completed the acquisition of Port America, a 717,735 square foot multi-tenant industrial park located in Dallas, Texas, for a total purchase price of $123.0 million.
Combine that with a drought in the Western states, and you have people discussing the prospect of water recycling. The Millionacres takeaway: Our Laura Agadoni observes here that while water recycling may seem to be a drastic, costly endeavor, you might place bets on its growth, especially if you think climate change will make matters worse for the future out west. As a result, lumber prices soared earlier this year, rising over 300% at their peak.
PS Business Parks (PSB) enhances financial flexibility with maturity extension and principal amount increase of unsecured revolving credit facility.
How risky is PS Business Parks' business model? PS Business Parks is a real estate investment trust (REIT) focused on industrial real estate. The industrial REIT primarily owns multi-tenant industrial, office, and flex (an office and warehouse combination with several uses) properties.
GLENDALE, Calif., August 24, 2021--PS Business Parks, Inc. (NYSE:PSB) today announced that its operating partnership, PS Business Parks, L.P., entered into a Fourth Amended and Restated Credit Agreement (the "Credit Agreement"). The amendment and restatement, among other things, increases the aggregate principal amount of the unsecured revolving credit facility ("Credit Facility") from $250 million to $400 million, and extends the maturity date to August 24, 2025, with two six-month extension op
Today is shaping up negative for PS Business Parks, Inc. ( NYSE:PSB ) shareholders, with the analysts delivering a...
PSB earnings call for the period ending June 30, 2021.
PS Business Parks' (PSB) Q2 results highlight better-than-expected top-line growth on rental rate increases and occupancy gains.