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

Rhea-AI Summary

PS Business Parks, Inc. (NYSE:PSB) plans to release its third quarter 2021 earnings on October 28, 2021, after market close. A conference call to discuss results is scheduled for October 29, 2021, at 10:00 a.m. PDT. The company operates 97 properties across major coastal markets, serving approximately 5,100 tenants with a total of 28 million square feet. Forward-looking statements highlight risks, including COVID-19 impacts, competition, and economic conditions.

GLENDALE, Calif.--(BUSINESS WIRE)-- PS 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 10:00 a.m. PDT (1:00 p.m. EDT) to discuss third quarter results. The toll free number is 866-831-8713; the conference ID is PSBQ321. The call will also be available via a live webcast on the Company’s website. A replay of the conference call will be available through November 5, 2021 at 800-839-5124, 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 5,100 tenants in 28 million square feet. 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 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 that it does business in; 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/20211012006133/en/

Jeff Hedges

(818) 244-8080, Ext. 1649

Source: PS Business Parks, Inc.

FAQ

When will PS Business Parks release its Q3 2021 earnings?

PS Business Parks will release its Q3 2021 earnings after market close on October 28, 2021.

What is the date of the PS Business Parks conference call?

The conference call for discussing third quarter results is scheduled for October 29, 2021, at 10:00 a.m. PDT.

How many properties does PS Business Parks own?

PS Business Parks owns 97 properties, serving approximately 5,100 tenants in 28 million square feet.

What risks does PS Business Parks mention in its press release?

The press release mentions risks like COVID-19 impacts, competition, and changes in economic conditions.