PS Business Parks, Inc. to Release First-Quarter 2022 Earnings and Host Quarterly Conference Call

Rhea-AI Summary

PS Business Parks, Inc. (NYSE:PSB) announced it will release its Q1 2022 earnings on May 2, 2022, after the market close. A conference call is scheduled for May 3, 2022, at 10:00 a.m. PDT to discuss the results, with a toll-free number of 866-831-8713 and conference ID PSBQ122. The company operates 96 properties, serving about 4,900 tenants across 27 million square feet. PSB aims to keep stakeholders informed via earnings announcements and conference calls.

Positive

• Scheduled release of Q1 2022 earnings may indicate transparency and commitment to investor relations.
• Company operates 96 properties, executing a diverse real estate strategy.

Negative

• Potential risks include tenant defaults and rising vacancy rates.
• Economic conditions post-COVID-19 could adversely affect rental income.

GLENDALE, Calif.--(BUSINESS WIRE)-- PS 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. PDT (1:00 p.m. EDT) to discuss first-quarter results. The toll-free number is 866-831-8713; the conference ID is PSBQ122. The call will also be available via a live webcast at PS Business Parks Q1 2022 Earnings Call. A replay of the conference call will be available through May 10, 2022, at 800-839-5247, as well as via webcast on the Company’s website.

Company Information

PS Business Parks, Inc., an S&P MidCap 400 company, is a REIT that acquires, develops, owns, and operates commercial properties, predominantly multi-tenant industrial, industrial-flex, and low-rise suburban office space. Located primarily in major coastal markets, PS Business Parks’ 96 properties serve approximately 4,900 tenants in 27 million square feet of space as of March 30, 2022. The portfolio also includes 800 residential units (inclusive of units in-process). Additional information about PS Business Parks, Inc. is available on the Company’s website, which can be found at psbusinessparks.com.

Forward-Looking Statements

When used within this press release, the words “may,” “believes,” “anticipates,” “plans,” “expects,” “seeks,” “estimates,” “intends,” and similar expressions are intended to identify “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results and performance of the Company to be materially different from those expressed or implied in the forward-looking statements, including but not limited to: (i) the duration and severity of the COVID-19 pandemic and its impact on our business and our customers; (ii) changes in general economic and business conditions, including as a result of the economic fallout of the COVID-19 pandemic; (iii) potential regulatory actions to close our facilities or limit our ability to evict delinquent customers; (iv) decreases in rental rates or increases in vacancy rates/failure to renew or replace expiring leases; (v) tenant defaults; (vi) the effect of the recent credit and financial market conditions; (vii) our failure to maintain our status as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”); (viii) the economic health of our customers; (ix) the health of our officers and directors; (x) increases in operating costs; (xi) casualties to our properties not covered by insurance; (xii) the availability and cost of capital; (xiii) increases in interest rates and its effect on our stock price; (xiv) security breaches, including ransomware, or a failure of our networks, systems, or technology which could adversely impact our operations or our business, customer, and employee relationships or result in fraudulent payments; (xv) the impact of inflation; and (xvi) other factors discussed in the Company’s SEC reports, including quarterly reports on Form 10-Q, reports on Form 8-K, and annual reports on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005558/en/

Investor Relations:

Adeel Khan

(818) 244-8080, Ext 8975

Source: PS Business Parks, Inc.

FAQ

When will PS Business Parks release its first-quarter 2022 earnings?

PS Business Parks will release its first-quarter 2022 earnings on May 2, 2022, after market close.

What is the date and time for the PS Business Parks Q1 2022 earnings conference call?

The conference call is scheduled for May 3, 2022, at 10:00 a.m. PDT.

How can I access the PS Business Parks Q1 2022 earnings call?

The earnings call can be accessed via a toll-free number 866-831-8713 using conference ID PSBQ122.

What are the potential risks mentioned in the PS Business Parks press release?

Risks include tenant defaults, rising vacancy rates, and adverse economic conditions post-COVID-19.