PS Business Parks' (PSB) quarterly results reflect higher same-park cash net operating income (NOI) backed by increase in weighted average occupancy.
PS Business Parks (PSB) delivered FFO and revenue surprises of -1.09% and 2.54%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
GLENDALE, Calif., May 02, 2022--PS Business Parks, Inc. (NYSE:PSB), a real estate investment trust ("REIT"), today announced financial and operating results for the quarter ended March 31, 2022.