$PSB News

Last published 2y ago

2y agoASGN ESS PSA TSX:PSB+1Public Storage Appoints New Independent TrusteeBusiness WirePublic Storage (NYSE:PSA) (the "Company") announced today the appointment of Maria R. Hawthorne to its Board of Trustees, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders.
4y agoPSA PSBPublic Storage Announces $2.3 Billion Special Dividend Related to PS Business Parks Merger ConsiderationBusiness WirePublic Storage (NYSE:PSA, the "Company"))) announced today that its Board of Trustees has declared a one-time dividend of $13.15 per common share, payable on August 4, 2022 to shareholders of record on August 1, 2022. The Company is distributing the
4y agoPSBPS Business Parks, Inc. Stockholders Approve Acquisition by Affiliates of Blackstone Real EstateBusiness WirePS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced that, at a Special Meeting of Stockholders held earlier today, PSB stockholders voted to approve the acquisition of PSB by affiliates of Blackstone Real Estate ("Blackstone"). "I a
4y agoBX COKE GRBK HR+3Healthcare Trust of America & Coca-Cola Consolidated Set to Join S&P MidCap 400; Green Brick Partners to Join S&P SmallCap 600PR NewswireNEW 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:P
4y agoPSA PSBPublic Storage to Release Second Quarter 2022 Earnings Results and Host Quarterly Conference CallBusiness WirePublic Storage (NYSE:PSA) announced today it intends to release its second quarter 2022 earnings results after the market close on Thursday, August 4, 2022. A conference call is scheduled for Friday, August 5, 2022, at 9:00 a.m. (PDT) to discuss these r
4y agoPSBPS Business Parks, Inc. Announces Anticipated Closing Date of Pending Transaction; Declares Dividends in Connection with Pending TransactionBusiness WirePS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced today that it expects to complete its previously announced transaction (the "Transaction") with affiliates of Blackstone Real Estate ("Blackstone") on or around July 20, 2022 followin
4y agoPSA PSBPublic Storage Releases 2022 Sustainability ReportBusiness WirePublic Storage (NYSE:PSA) announced today the release of its 2022 Sustainability Report detailing how the Company's engaged and diverse team, innovative and sustainable operations, and financial fortitude continue positioning Public Storage for long-ter
4y agoPSA PSBPublic Storage Earns Prestigious Great Place to Work Certification™Business WirePublic Storage (NYSE:PSA) announced today it is recognized and Certified™ by Great Place to Work® for 2022. The prestigious Great Place to Work® award is based entirely on what current employees say about their experience working at Public Storag
4y agoPSA PSBPublic Storage Virtual Presentation at Nareit REITweek 2022 to be WebcastBusiness WirePublic Storage (NYSE:PSA) announced today that the Company will make a virtual presentation at REITweek 2022 on Wednesday, June 8, 2022, from 9:30 a.m. to 10:00 a.m. (ET). The presentation will be webcast and available to registered REITweek participant
4y agoPSBPS Business Parks, Inc. Announces Expiration of "Go-Shop" Period Contained In Previously Announced Merger AgreementBusiness WirePS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced today the expiration of the "go-shop" period set forth in the previously announced definitive merger agreement with affiliates of Blackstone Real Estate ("Blackstone"), dated as of Ap
4y agoPSA PSBPublic Storage Reports Results for the Three Months Ended March 31, 2022Business WirePublic Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2022. "Public Storage's operating strength was pronounced with revenue growth accelerating during the first quarter as we served the needs of over 1.8 mi
4y agoPSBPS Business Parks, Inc. Reports Results for the Quarter Ended March 31, 2022Business WirePS Business Parks, Inc. (NYSE:PSB), a real estate investment trust ("REIT"), today announced financial and operating results for the quarter ended March 31, 2022. Financial and Operational Highlights for the Three Months Ended March 31, 2022 Net
4y agoPSA PSBPublic Storage Provides Update in Relation to Agreed Acquisition of PS Business Parks by Affiliates of Blackstone Real EstateBusiness WirePublic 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 B
4y agoBX BXMT PSA PSBAffiliates of Blackstone Real Estate to Acquire PS Business Parks, Inc. for $7.6 BillionBusiness WirePS 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 o
4y agoPSBPS Business Parks, Inc. to Release First-Quarter 2022 Earnings and Host Quarterly Conference CallBusiness WirePS 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. P
4y agoPSA PSBPublic Storage to Release First Quarter 2022 Earnings Results and Host Quarterly Conference CallBusiness WirePublic Storage (NYSE:PSA) announced today it intends to release its first quarter 2022 earnings results after the market close on Tuesday, May 3, 2022. A conference call is scheduled for Wednesday, May 4, 2022, at 9:00 a.m. (PDT) to discuss these result
4y agoAVB PSBPS Business Parks, Inc. Names Stephen W. Wilson as President and Chief Executive OfficerBusiness WirePS 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 sinc
4y agoPSA PSBPublic Storage Celebrates One Million Contactless Move-InsBusiness WirePublic Storage (NYSE:PSA) announced today that one million customers have rented a storage space through its industry-leading eRental® online rental agreement. The digital self-service rental program launched in December 2019 to provide customers wi
4y agoPSBPS Business Parks, Inc. Announces Disposition of the Royal Tech Business ParkBusiness WirePS 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 millio
4y agoPSBPS 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 OfficerBusiness WirePS 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
4y agoPSA PSBPublic Storage to Participate in the Citi 2022 Global Property CEO ConferenceBusiness WirePublic Storage (NYSE:PSA) announced today that the Company will participate in a roundtable discussion at the Citi 2022 Global Property CEO Conference to be held at The Diplomat Resort & Spa in Hollywood, Florida, on Tuesday, March 8, 2022, beginning at
4y agoPSBPS Business Parks, Inc. Reports Results for the Quarter and Year Ended December 31, 2021Business WirePS 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 De
4y agoPSA PSBPublic Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2021Business WirePublic Storage (NYSE:PSA) announced today operating results for the fourth quarter and year ended December 31, 2021. "Public Storage achieved significant portfolio growth, industry-leading transformation of the customer experience, and record financi
4y agoPSA PSBPublic Storage to Release Fourth Quarter 2021 Earnings Results and Host Quarterly Conference CallBusiness WirePublic Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2021 earnings results after the market close on Tuesday, February 22, 2022. A conference call is scheduled for Wednesday, February 23, 2022, at 9:00 a.m. (PST) to discuss
4y agoPSBPS Business Parks, Inc. to Release Fourth Quarter 2021 Earnings and Host Quarterly Conference CallBusiness WirePS 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,
4y agoPSBPS Business Parks, Inc. Announces Tax Treatment of 2021 DividendsBusiness WirePS 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 – CU
4y agoPSA PSBPublic Storage Announces Tax Treatment of 2021 DividendsBusiness WirePublic Storage (NYSE:PSA) announced today the tax treatment of the Company's 2021 dividends. For the tax year ended December 31, 2021, distributions for the PSA common stock and all the various series of preferred stock were classified as follows:
4y agoAVB PSB REXRPS Business Parks, Inc. Names Stephen W. Wilson as Interim President and Chief Executive Officer and Maria R. Hawthorne as Interim Chief Operating Officer; Dan M. Chandler, III to take Medical Leave of AbsenceBusiness WirePS 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 direct
4y agoPSA PSBPublic Storage Announces Pricing of 4.100% Cumulative Preferred Shares of Beneficial Interest, Series SBusiness WireTom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the "Company"))), announced that the Company has priced a public offering of 10,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of
4y agoPSA PSBPublic Storage Announces Closing of the All Storage Acquisition Amid Significant Growth AccelerationBusiness WirePublic Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today that it has closed on the acquisition of All Storage, a high-quality self-storage portfolio, for $1.5 billion. The transaction
4y agoPSBPS Business Parks, Inc. Announces Special Dividend to Be Paid in the Fourth Quarter 2021Business WirePS 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
4y agoPSA PSB PSAPREPublic Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 4.90% Cumulative Preferred Shares, Series EBusiness WirePublic Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 4.90% Cumulative Preferred Shares, Series E (NYSE:PSAPRE) on December 30, 2021 at $25 per depositary share. The a
5y agoPSA PSBPublic Storage Announces Pricing of 4.00% Cumulative Preferred Shares of Beneficial Interest, Series RBusiness WireTom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the "Company"))), announced that the Company has priced a public offering of 17,400,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of
5y agoPSA PSBPublic Storage Prices Public Offering of Senior NotesBusiness WireTom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the "Company"))), announced today that the Company has priced a public offering of $1.75 billion aggregate principal amount of senior notes (the "Notes"). The Notes will be issued in thr
5y agoPSA PSBPublic Storage Announces Hiring of David Lee as Chief Operating OfficerBusiness WirePublic Storage (NYSE:PSA) announced today that David Lee has joined the Company as Chief Operating Officer. Mr. Lee brings more than 20 years of operations leadership to Public Storage. Prior to joining, he served as Senior Vice President of Operatio
5y agoPSA PSBPublic Storage Reports Results for the Three and Nine Months Ended September 30, 2021Business WirePublic Storage (NYSE:PSA) announced today operating results for the three and nine months ended September 30, 2021. Highlights for the Three Months Ended September 30, 2021 Reported net income allocable to common shareholders of $2.52 per dilute
5y agoPSA PSBPublic Storage Enhances Portfolio Coverage, Quality, and Growth with All Storage AcquisitionBusiness WirePublic Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today the acquisition of the high-quality All Storage portfolio for $1.5 billion. The portfolio comprises 56 self-storage properties
5y agoPSBPS Business Parks, Inc (PSB) Q3 2021 Earnings Call TranscriptEarnings Call TranscriptsPSB earnings call for the period ending September 30, 2021.
5y agoPSBPS Business Parks, Inc. Reports Results for the Quarter Ended September 30, 2021Business WirePS Business Parks, Inc. (NYSE:PSB) reported operating results for the three and nine months ended September 30, 2021. Operating Results for the Three and Nine Months Ended September 30, 2021 Net income allocable to common stockholders for the thre
5y agoPSBPS Business Parks, Inc. Closes Lusk Business Park DispositionBusiness WirePS 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
5y agoPSBPS Business Parks, Inc. to Release Third Quarter 2021 Earnings and Host Quarterly Conference CallBusiness WirePS 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 1
5y agoPSA PSBPublic Storage to Release Third Quarter 2021 Earnings Results and Host Quarterly Conference CallBusiness WirePublic Storage (NYSE:PSA) announced today it intends to release its third quarter 2021 earnings results on Monday, November 1, 2021. A conference call is scheduled for Tuesday, November 2, 2021, at 9:00 a.m. (PDT) to discuss these results. Live co
5y agoPSB REXRPS Business Parks, Inc. Names Adeel Khan as Chief Financial OfficerBusiness WirePS 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
5y agoPSBPS Business Parks, Inc. Announces Agreement to Sell Lusk Business Park in San Diego, CaliforniaBusiness WirePS 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 the term
5y agoPPBI PSB PSN WMCPS Business Parks, Inc. Announces Election of New DirectorBusiness WirePS 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,
5y agoPSB PSBPRWPS Business Parks, Inc. Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 5.20% Cumulative Preferred Stock, Series WBusiness WirePS 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 a
5y agoPSA PSBPublic Storage Prices Public Offering of Euro-Denominated Senior NotesBusiness WireTom Boyle, Senior Vice President and Chief Financial Officer of Public Storage (NYSE:PSA, the "Company"))), announced today that the Company has priced a public offering of €700 million aggregate principal amount of Senior Notes due 2030 (the "Notes")
5y agoPSBPS Business Parks, Inc. Announces Acquisition of Port America in TexasBusiness WirePS 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. Port America consists
5y agoPSBPS Business Parks, Inc. Announces Amendment and Restatement of Unsecured Revolving Credit FacilityBusiness WirePS 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, increase
5y agoAMH PSA PSBPublic Storage Announces the Passing of Co-Founder and Chairman Emeritus B. Wayne HughesBusiness WirePublic Storage (NYSE:PSA) today announced the passing of its co-founder and Chairman Emeritus, B. Wayne Hughes, on August 18, 2021. In 1972, Mr. Hughes and Kenneth Q. Volk Jr. founded the Company, which has since grown into the world leader in self-s