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	<title>Stock Blog Hub &#187; PS Business Parks Inc</title>
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		<title>(PSB) PS Business Parks &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2011/12/12/psb-ps-business-parks-bull-of-the-day/88396</link>
		<comments>http://www.stockbloghub.com/2011/12/12/psb-ps-business-parks-bull-of-the-day/88396#comments</comments>
		<pubDate>Mon, 12 Dec 2011 13:56:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Retail]]></category>
		<category><![CDATA[PS Business Parks Inc]]></category>
		<category><![CDATA[PSB]]></category>

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		<description><![CDATA[PS Business Parks (PSB) reported strong third quarter 2011 results with healthy year-over-year increase in revenue and earnings. PS Business Parks owns and operates commercial real estate properties in diversified markets, which can be easily configured to suit a variety of uses to minimize downside risk and generate a steady source of revenue. The company also has a strong balance sheet with adequate liquidity and minimal debt maturities. Over the last five years, PS Business Parks shares have traded in a range of 6.3X to 20.5X trailing 12-month FFO. The stock is also trading at a discount to the peer group, based on forward FFO estimates. Our long-term Outperform recommendation on the stock indicates that it would perform well above the broader market. Our target price of $66.00, 14.1X 2011 ]]></description>
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		<title>(PLD) ProLogis Rejects Bid for ProLogis European Properties</title>
		<link>http://www.stockbloghub.com/2011/04/13/pld-prologis-rejects-bid-for-prologis-european-properties/71495</link>
		<comments>http://www.stockbloghub.com/2011/04/13/pld-prologis-rejects-bid-for-prologis-european-properties/71495#comments</comments>
		<pubDate>Thu, 14 Apr 2011 02:14:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Industrial]]></category>
		<category><![CDATA[PLD]]></category>
		<category><![CDATA[ProLogis]]></category>
		<category><![CDATA[PS Business Parks Inc]]></category>
		<category><![CDATA[PSB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71495</guid>
		<description><![CDATA[ProLogis (PLD), one of the leading global providers of distribution facilities rejected a bid for a 33.1% ownership stake in ProLogis European Properties (PEPR) by investor group APG Algemene Pensioen Groep N.V. (APG) and Goodman Group on behalf on an undisclosed consortium. ProLogis intends to retain its stake and management agreement with PEPR, a publicly traded fund consisting of distribution and logistics facilities in Europe. As per the letter of interest issued by the investor group, ProLogis’ stake has been valued at € 378 million or € 6 per unit. The offer also included the condition that ProLogis would have to transfer its PEPR’s management rights to Goodman Group. In response to the letter, ProLogis conveyed that it has no plans of selling its stake or giving up the management ]]></description>
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		<title>(PSA) Public Storage to Acquire Thirty Self-Storage Facilities</title>
		<link>http://www.stockbloghub.com/2010/04/05/psa-public-storage-to-acquire-thirty-self-storage-facilities/32739</link>
		<comments>http://www.stockbloghub.com/2010/04/05/psa-public-storage-to-acquire-thirty-self-storage-facilities/32739#comments</comments>
		<pubDate>Mon, 05 Apr 2010 18:01:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Industrial]]></category>
		<category><![CDATA[PS Business Parks Inc]]></category>
		<category><![CDATA[PSA]]></category>
		<category><![CDATA[PSB]]></category>
		<category><![CDATA[Public Storage]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32739</guid>
		<description><![CDATA[Public Storage (PSA), a real estate investment trust (REIT), has recently announced plans to acquire 30 self-storage facilities spanning across 1.9 million square feet of space for $189 million Incorporatedluding debt assumption of approximately $126 million. About 28 of the 30 facilities (1.8 million square feet) are located in the Los Angeles area and the adjacent Southern California market. With the acquisition, the company intends to strengthen its position in these markets Incorporatedreasing its market presence by as much as 20%. The remaining two properties are located in Chicago. The deal is expected to be completed in the second half of the year. As of Jan 31, 2010, the properties had 80% occupancy on an average. The ‘Public Storage’ brand is the most recognized and established name in the self-storage ]]></description>
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		<title>(PSA) Public Storage&#8217;s Revenues Dip</title>
		<link>http://www.stockbloghub.com/2009/11/07/psa-public-storages-revenues-dip/19876</link>
		<comments>http://www.stockbloghub.com/2009/11/07/psa-public-storages-revenues-dip/19876#comments</comments>
		<pubDate>Sun, 08 Nov 2009 00:54:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Industrial]]></category>
		<category><![CDATA[PS Business Parks Inc]]></category>
		<category><![CDATA[PSA]]></category>
		<category><![CDATA[PSB]]></category>
		<category><![CDATA[Public Storage]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19876</guid>
		<description><![CDATA[Public Storage (PSA), a real estate investment trust (REIT) operating self-storage facilities, reported a decline in total revenues for the third quarter to $412.9 million, compared to $431.2 million in the year-earlier quarter. The year over year decrease in revenue was primarily due to the continued challenges in the macroeconomic environment. During the quarter, FFO (fund from operations) was $1.44 per share, compared to $1.08 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The year over year increase in FFO was largely due to foreign currency exchange gain. Excluding the one-time items, FFO for the third quarter of 2009 was $1.30 per share compared to $1.37 in ]]></description>
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		<title>(PSB) PS Business Parks&#8217; Quarterly Funds From Operations Dips</title>
		<link>http://www.stockbloghub.com/2009/11/04/psb-ps-business-parks-quarterly-funds-from-operations-dips/19663</link>
		<comments>http://www.stockbloghub.com/2009/11/04/psb-ps-business-parks-quarterly-funds-from-operations-dips/19663#comments</comments>
		<pubDate>Wed, 04 Nov 2009 22:36:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Retail]]></category>
		<category><![CDATA[PS Business Parks Inc]]></category>
		<category><![CDATA[PSA]]></category>
		<category><![CDATA[PSB]]></category>
		<category><![CDATA[Public Storage]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19663</guid>
		<description><![CDATA[PS Business Parks Inc. (PSB), a real estate investment trust (REIT) that acquires, develops, owns, and operates commercial properties, reported a decline in third quarter 2009 FFO (fund from operations) to $31.5 million or $1.04 per share from $32.0 million or $1.14 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The decrease in FFO was primarily due to a decrease in net operating income, which declined 5.9% year-over-year from $48.9 million to $46.0 million. Rental income during the quarter was $67.5 million versus $71.5 million in the year-ago quarter – a decrease of 5.5%. Overall portfolio occupancy at quarter end was 89.5% compared to 93.7% ]]></description>
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