Advertisement
UK markets open in 2 hours 4 minutes
  • NIKKEI 225

    38,377.66
    +825.50 (+2.20%)
     
  • HANG SENG

    17,110.21
    +281.28 (+1.67%)
     
  • CRUDE OIL

    83.45
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,341.10
    -1.00 (-0.04%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,786.42
    +535.54 (+1.01%)
     
  • CMC Crypto 200

    1,436.71
    +21.95 (+1.55%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

Why PS Business Parks Soared in 2021

Why PS Business Parks Soared in 2021

The past year was a particularly good one for shareholders of PS Business Parks (NYSE: PSB), a mixed-use real estate investment trust (REIT) that saw its stock jump 38.6% in 2021, according to data provided by S&P Global Market Intelligence. The dividend gives it a year-over-year total return of nearly 44% -- not bad at all for a relatively conservative real estate investment. PS Business Parks' portfolio contains 97 properties located primarily in major coastal markets; they're a mix of multi-tenant industrial, industrial-flex (space designed for mixed office and industrial use), and low-rise suburban office buildings, as well as 800 residential units.