PS Business Parks, Inc. to Release Fourth Quarter 2021 Earnings and Host Quarterly Conference Call

Rhea-AI Summary

PS Business Parks, Inc. (NYSE:PSB) plans to release its fourth quarter 2021 earnings after the market close on February 22, 2022. A conference call is scheduled for February 23, 2022, at 10:00 a.m. PST to discuss the results. The company operates 97 properties across major coastal markets, serving about 4,900 tenants in 28 million square feet. Additionally, it has 800 residential units. Stakeholders should monitor the earnings report for insights into the company’s performance and future outlook.

Positive

• Management is proactively communicating forthcoming Q4 earnings results, encouraging transparency.
• The company's diversified portfolio includes 97 properties and 800 residential units, supporting revenue potential.

Negative

• Impacts of COVID-19 may affect business performance and tenant occupancy rates.
• The competitive landscape could pressure rents and occupancy levels.

GLENDALE, Calif.--(BUSINESS WIRE)-- PS 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, at 10:00 a.m. PST (1:00 p.m. EST) to discuss fourth quarter results. The toll free number is 866-831-8713; the conference ID is PSBQ421. The call will also be available via a live webcast at PS Business Parks Q4 2021 Earnings Call. A replay of the conference call will be available through March 2, 2022 at 800-925-9942, as well as via webcast on the Company’s website.

Company Information

PS Business Parks, Inc., a 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’ 97 properties serve approximately 4,900 tenants in 28 million square feet of space as of December 1, 2021. 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. Such factors include the duration and severity of the COVID-19 pandemic and its impact on our business and our customers; the health of our officers and directors; the impact of competition from new and existing commercial facilities which could impact rents and occupancy levels at the Company’s facilities; the Company’s ability to evaluate, finance, and integrate acquired and developed properties into the Company’s existing operations; the Company’s ability to effectively compete in the markets in which it does business; the impact of the regulatory environment as well as national, state, and local laws and regulations including, without limitation, those governing REITs; security breaches, including ransomware, or a failure of the Company’s networks, systems, or technology, which could adversely impact the Company’s operations or its business, customer and employee relationships or result in fraudulent payments; the impact of general economic and business conditions, including as a result of the economic fallout of the COVID-19 pandemic; rental rates and occupancy levels at the Company’s facilities; and changes in these conditions as a result of the COVID-19 pandemic, the availability of permanent capital at attractive rates, the outlook and actions of rating agencies and risks detailed from time to time 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/20220126006052/en/

Adeel Khan

(818) 244-8080, Ext. 8975

Source: PS Business Parks, Inc.

FAQ

When will PSB announce its fourth quarter 2021 earnings?

PS Business Parks will announce its fourth quarter 2021 earnings after the close of business on February 22, 2022.

What is the date and time for the PSB conference call?

The PS Business Parks conference call is scheduled for February 23, 2022, at 10:00 a.m. PST.

How can I listen to the PSB earnings call?

You can listen to the PSB earnings call via a live webcast on their website or by calling the toll-free number 866-831-8713 with the conference ID PSBQ421.

What is the size of PSB's property portfolio?

PS Business Parks has 97 properties serving approximately 4,900 tenants across 28 million square feet of space.

Are there any risks associated with PSB's operations?

Yes, potential risks include the ongoing impact of COVID-19, competition affecting rents and occupancy, and regulatory challenges.