PS Business Parks, Inc. (PSB)
Price:
187.44 USD
( + 0.06 USD)
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PS Business Parks, Inc., a member of the S&P MidCap 400, is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. As of September 30, 2020, the Company wholly owned 27.5 million rentable square feet with approximately 5,000 commercial customers in six states. The Company also held a 95.0% interest in a 395-unit apartment complex and a 98.2% interest in a development of a 411-unit multifamily apartment complex.
NEWS
Link Parks, Inc. (f/k/a PS Business Parks, Inc.) Commences Tender Offers to Purchase for Cash Any and All of its Outstanding Preferred Securities Described Below and Declares Third Quarter Dividend
businesswire.com
2023-08-15 18:25:00NEW YORK--(BUSINESS WIRE)--Link Parks, Inc. (f/k/a PS Business Parks, Inc.) (the “Company”) (Pink Open Market: PSBXP, PSBYP, PSBZP) announced today the commencement of tender offers (the “Offers”) to purchase for cash any and all of its outstanding preferred securities described in the table below (collectively referred to as the “Securities”), at the applicable offer prices set forth below (collectively referred to as the “Offer Price”). The following table sets forth some of the terms of the.
Healthcare Trust of America & Coca-Cola Consolidated Set to Join S&P MidCap 400; Green Brick Partners to Join S&P SmallCap 600
prnewswire.com
2022-07-13 18:13:00NEW YORK , July 13, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: S&P SmallCap 600 constituent Coca-Cola Consolidated Inc. (NASD: COKE) will replace PS Business Parks Inc. (NYSE: PSB) in the S&P MidCap 400, and Green Brick Partners Inc. (NYSE: GRBK) will replace Coca-Cola Consolidated in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 20. Blackstone Inc. (NYSE: BX) is acquiring PS Business Parks in a deal expected to be completed on or about that date, pending final closing conditions.
PS Business Parks Will Disappear, But What With The Preferred Shares?
seekingalpha.com
2022-06-29 09:30:00PS Business Parks has accepted an all-cash offer from Blackstone, and as a go-shop period did not result in higher offers, this likely is a 'done deal'. The preferred shares saw their prices decrease on the back of higher interest rates and increased uncertainty related to the delisting of PS Business Parks.
How This Self-Storage REIT Is Compounding Value
fool.com
2022-05-17 08:00:00Public Storage renters are locked in. Investors should be, too.
PS Business Parks (PSB) Q1 FFO Lags Estimates, Revenues Up Y/Y
zacks.com
2022-05-03 15:03:10PS Business Parks' (PSB) quarterly results reflect higher same-park cash net operating income (NOI) backed by increase in weighted average occupancy.
5 Real Estate Stocks With High GF Scores
gurufocus.com
2022-04-26 17:17:27In light of home prices accelerating near record growth, five real estate stocks with high business predictability and a high GF Score are CBRE Group Inc. ( CBRE , Financial), Equity Lifestyle Properties Inc. ( ELS , Financial), Crown Castle International Corp. ( CCI , Financial), Agree Realty Corp. ( ADC , Financial) and PS Business Parks Inc. ( PSB , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates PSB, FSI, TWTR
prnewswire.com
2022-04-26 09:00:00NEW YORK , April 26, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: PS Business Parks, Inc. (NYSE: PSB)'s sale to affiliates of Blackstone Real Estate for $187.50 per share in cash. If you are a PS Business Parks shareholder, click here to learn more about your rights and options.
Blackstone Continues Its REIT Buying Binge With $7.6 Billion PS Business Park Purchase
fool.com
2022-04-26 07:45:00The leading alternative asset manager continues to gobble up commercial real estate.
Why PS Business Parks Stock Rallied 13% Today
fool.com
2022-04-25 14:36:14The REIT got an offer from Blackstone and took it, and investors reacted just like you would expect.
Blackstone to buy PS Business Parks in $7.6B take-private deal
foxbusiness.com
2022-04-25 14:23:05Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive in the aftermath of the COVID-19 pandemic.
Why PS Business Parks Stock Is Rising Today
benzinga.com
2022-04-25 10:57:03PS 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.
Blackstone paying $7.6 billion for PS Business Parks
marketwatch.com
2022-04-25 09:18:47PS 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 to buy REIT PS Business Parks in $7.6 billion deal
reuters.com
2022-04-25 09:09:00Blackstone 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.
Public Storage Provides Update in Relation to Agreed Acquisition of PS Business Parks by Affiliates of Blackstone Real Estate
businesswire.com
2022-04-25 09:05:00GLENDALE, 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
Affiliates of Blackstone Real Estate to Acquire PS Business Parks, Inc. for $7.6 Billion
businesswire.com
2022-04-25 09:03:00GLENDALE, 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
Link Parks, Inc. (f/k/a PS Business Parks, Inc.) Commences Tender Offers to Purchase for Cash Any and All of its Outstanding Preferred Securities Described Below and Declares Third Quarter Dividend
businesswire.com
2023-08-15 18:25:00NEW YORK--(BUSINESS WIRE)--Link Parks, Inc. (f/k/a PS Business Parks, Inc.) (the “Company”) (Pink Open Market: PSBXP, PSBYP, PSBZP) announced today the commencement of tender offers (the “Offers”) to purchase for cash any and all of its outstanding preferred securities described in the table below (collectively referred to as the “Securities”), at the applicable offer prices set forth below (collectively referred to as the “Offer Price”). The following table sets forth some of the terms of the.
Healthcare Trust of America & Coca-Cola Consolidated Set to Join S&P MidCap 400; Green Brick Partners to Join S&P SmallCap 600
prnewswire.com
2022-07-13 18:13:00NEW YORK , July 13, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: S&P SmallCap 600 constituent Coca-Cola Consolidated Inc. (NASD: COKE) will replace PS Business Parks Inc. (NYSE: PSB) in the S&P MidCap 400, and Green Brick Partners Inc. (NYSE: GRBK) will replace Coca-Cola Consolidated in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 20. Blackstone Inc. (NYSE: BX) is acquiring PS Business Parks in a deal expected to be completed on or about that date, pending final closing conditions.
PS Business Parks Will Disappear, But What With The Preferred Shares?
seekingalpha.com
2022-06-29 09:30:00PS Business Parks has accepted an all-cash offer from Blackstone, and as a go-shop period did not result in higher offers, this likely is a 'done deal'. The preferred shares saw their prices decrease on the back of higher interest rates and increased uncertainty related to the delisting of PS Business Parks.
How This Self-Storage REIT Is Compounding Value
fool.com
2022-05-17 08:00:00Public Storage renters are locked in. Investors should be, too.
PS Business Parks (PSB) Q1 FFO Lags Estimates, Revenues Up Y/Y
zacks.com
2022-05-03 15:03:10PS Business Parks' (PSB) quarterly results reflect higher same-park cash net operating income (NOI) backed by increase in weighted average occupancy.
5 Real Estate Stocks With High GF Scores
gurufocus.com
2022-04-26 17:17:27In light of home prices accelerating near record growth, five real estate stocks with high business predictability and a high GF Score are CBRE Group Inc. ( CBRE , Financial), Equity Lifestyle Properties Inc. ( ELS , Financial), Crown Castle International Corp. ( CCI , Financial), Agree Realty Corp. ( ADC , Financial) and PS Business Parks Inc. ( PSB , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates PSB, FSI, TWTR
prnewswire.com
2022-04-26 09:00:00NEW YORK , April 26, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: PS Business Parks, Inc. (NYSE: PSB)'s sale to affiliates of Blackstone Real Estate for $187.50 per share in cash. If you are a PS Business Parks shareholder, click here to learn more about your rights and options.
Blackstone Continues Its REIT Buying Binge With $7.6 Billion PS Business Park Purchase
fool.com
2022-04-26 07:45:00The leading alternative asset manager continues to gobble up commercial real estate.
Why PS Business Parks Stock Rallied 13% Today
fool.com
2022-04-25 14:36:14The REIT got an offer from Blackstone and took it, and investors reacted just like you would expect.
Blackstone to buy PS Business Parks in $7.6B take-private deal
foxbusiness.com
2022-04-25 14:23:05Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive in the aftermath of the COVID-19 pandemic.
Why PS Business Parks Stock Is Rising Today
benzinga.com
2022-04-25 10:57:03PS 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.
Blackstone paying $7.6 billion for PS Business Parks
marketwatch.com
2022-04-25 09:18:47PS 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 to buy REIT PS Business Parks in $7.6 billion deal
reuters.com
2022-04-25 09:09:00Blackstone 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.
Public Storage Provides Update in Relation to Agreed Acquisition of PS Business Parks by Affiliates of Blackstone Real Estate
businesswire.com
2022-04-25 09:05:00GLENDALE, 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
Affiliates of Blackstone Real Estate to Acquire PS Business Parks, Inc. for $7.6 Billion
businesswire.com
2022-04-25 09:03:00GLENDALE, 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